Question 2 Note (v) F7 Dec 2011 Paper

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January 9, 2012 at 2:56 pm #51195
liamcolm
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Hello Mike,

Can you please explain note (v) of Q2 of the Dec 2011 F7 (INT) paper

I understand that the movement on the equity instrutment is taken to profit or loss but what i dont understand is the followoing sentence ” Keystone has not made the election in accordance with IFRS 9 Financial Instrutments. What election and for what?

Look forward to your reply

Thanks

Liam
January 13, 2012 at 4:46 pm #92567
MikeLittle
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whether to treat it on a fair value basis or leave it at cost
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