What disclosures does a company need to give for Interest rate swaps and which standards are applicable for this.




Hi Prethy


Actually available for sale is an open category that means that if company did not decide where to classify it can be classified as  available for sale. However for held for trading investments are bought to resell for short term gain rather to earn dividend but available for sale normally includes investment which are not held for short term gain rather which are carried for earning long term capital gain or dividend income that means it depends on the intenions of the entity but unquoted investments are always classified as available for sale.




Hope i have made you understand a little bit




Hi everyone,




I have a question on IAS 39 – Financial Instruments. How can an auditor tell whether a financial asset is available for sale or held for trading?





Let me complicate my previous question a bit.

My question was    (What disclosure does a company need to give for Interest rate swaps and which standards are applicable for this)

Now do we need to adjust the accounts for the swap, i.e. do a fair value calculation or make a provision?

If we do a fair value calculation, how do we go about it


Hi All

In IAS 39 a term is used “at fair value through profit
and loss”. Please any one can elaborate this.

Inam Ur Rehman



Disclosures for financial instruments are covered under IFRS 7.
Best regards,


IFRS 32 and IFRS 39, these are quite extensive standards, but you just have to read the appropriate sections for your financial instruments.







It just means that any movement in the fair value of the asset will be
recognized in the income statement, i.e. Profit and Loss Statement.

Hope this helps,

This to avoid that fair value adjustments will be recorded directly in
Equity, which was a past possibility. So if you look at the context of where
you read this, note that if an asset has an increasing fair value and the
accounting principle is to value that asset against fair value, than the
increase has to be recorded as a profit through the income statement, if the
fair value decreases it is an expense in the income statement in the period
it occurred.