Hello there

i am new to the group !!

I work for a trading company and was wonder what a re new disclosures need to made to complie with IFRS 7 as we dont not hold any debts on liablity side

Best regards


I understand you might not have any debt or financial assets, but as trading company
you must have some trade receivables (trade debtors). The credit losses (bad debts) recognition/reconciliation is the something you need to disclosue under IFRS7.
 
In addition you need to have disclousures about accounting policies dealing with financial instruments.
 
Regards


Dear Sandeep,
 
Here is a link to a free download of an IFRS presentation and disclosure checklist which will be a useful tool for your purposes.
 
http://www.iasplus.com/fs/fs.htm#2007ifrschk
 
Go through this and it would be easier for you to adapt the disclosure requirements to your specific circumstances.
 
Regards,
 
Rodrigo,