Ifrs 9

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November 15, 2020 at 6:39 am #595046
grapes799
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Can you please explain bpp qst 37 part b contract with agas. Is the contract is treated as financial instrument?
Can gasnature use a hedging instrument?
November 17, 2020 at 10:01 am #595283
Stephen Widberg
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Knowledge required for exam

Gas futures contract = derivative

Settled in cash = financial asset = FVTPL

Settled in gas = executory contract = outside scope of IFRS 9 = so nothing is booked until the gas is received or sent!

Keep it simple.
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