Dear All,

Can Loan be classified as Available for sale investments (as it is open category). Please answer while considering IAS 39.



A loan can be classified as available for sale in accordance with IAS 39.
A typical example is a syndicated loan where the arranger intends to sell part of (or the full ) amount lent to other counterparties. 
The loan shall be accounted for at fair value less any impairment loss.

Dear All
Please let me know whether is it allowed to set off the loan receivale from minority shareholders aganist the share of minority interest(Profit share) at a balance sheet date.