#18 Reclassification of Financial Assets.doc

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FINANCIAL ACCOUNTING AND REPORTING RECLASSIFICATION OF FINANCIAL ASSETS

Conditions for Reclassification of Financial Assets Assets Under PFRS 9, reclassification of financial assets is required if, required  if, and only if, te o!"ecti#e of te entity$s business model for manages those financial assets changes.

Timing of Reclassification of Financial Assets If te entity deter%ines tat its !&siness %odel as can'ed in a (ay tat is si'nificant to its o)erations, o)erations, ten it reclassifies all affected assets rosecti!el" from the first da" of the ne#t reorting eriod *te reclassification date+ Prior )eriods are not restated

Original Categor"

Ne$ Categor"

Accounting Imact

F&'L

Fair #al&e is %eas&red at reclassifi reclassificati cation on date Differe Difference nce fro% carryin' a%o&nt so&ld !e reco'ni-ed in )rofit or loss

Amorti%ed Cost

Fair #al&e at te reclassification date !eco !eco%e %es s its ne( ne( 'ros 'ross s car carryin' yin' a%o&nt

F&OCI

Fair #al&e is %eas&red at reclassifi reclassificati cation on date Differe Difference nce fro% a%orti-ed cost so&ld !e reco'ni-ed in OCI OCI Effec Effecti# ti#e e intere interest st rate is not ad(usted as a res< of te reclassification

F&OCI

Amorti%ed cost

Fair #al&e at te reclassification date !eco !eco%e %es s its its ne( ne( a%or a%orti ti-e -ed d cost cost carryin' carryin' a%o&nt a%o&nt C&%&lati# C&%&lati#e e 'ain or  loss in OCI is ad"&sted a'ainst te fair  #al& al&e of te financial asset at reclassification date

F&'L

F&OCI

Fair Fair #al& #al&e e at recl reclas assi sifi fica cati tion on date date !eco%es its ne( carryin' a%o&nt

F&'L

Fair Fair #al& #al&e e at recl reclas assi sifi fica cati tion on date date !eco%es carryin' a%o&nt C&%&lati#e 'ain or loss on OCI is reclassified to )rofit or loss at reclassification date

Amorti%ed cost

F&'L

Amorti%ed cost

F&OCI

Let &s ass&%e te follo(i follo(in' n' a%o&nts a%o&nts for cost, cost, fair #al&e and a%orti-ati a%orti-ation on fro% ./01 to ./02 All a%o&nts a#e no !asis for co%)&tation and a#e !een si%)lified for e3)ediency Te ori'inal cost of te financia financiall asset is )*+,,*,,, $ith a face !alue of -*,,,*,,,  and te follo(in' infor%ation as !een 'atered at te end of te year on Dece%!er 40, ./01, ./05 and ./02

Fair &alue Amorti%ation on original cost Amorti%ation on /010/,+ F& Amorti%ation on /010/,2 F&

/010+ 6,.//,/// 6/,////

/0102 6,7//,/// 5/,///   7/ 7/,///

/0103 6,6//,/// 9/,/// 1/,///   5/,///

4E5 O6SER&ATIONS

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Te financial asset (as ac8&ired at a 7//,/// disco&nt *6,///,///  7,1//,///+ terefore te a%orti-ation of 6/,///, 5/,/// and 9/,/// sall !e added to te carryin' a%o&nt of te asset if   AC or F:OCI F:OCI sall !e !e te classification classification If te fair #al&e on 0.;40;./01 and 0.;40;05 sall !e &sed in te e3a%)les, te a%orti-ation of  7/,/// and 1/,/// for ./05 and ./02, res)ecti#ely and 5/,/// for ./02 sall !e ded&cted fro% te carryin' a%o&nt !eca&se te fair #al&e re)resents a )re%i&% Let &s ass&%e tat te !&siness model changes in /,2 , terefore te financial asset sall !e acco& acco&nte nted d for for &sin' &sin' te te r&les r&les for for te te ori'i ori'inal nal classi classific ficati ation on &ntil &ntil 0.;40 0.;40;./ ;./05 05 !eca& !eca&se se te reclassification date shall be 00/,3 
/010/,+ FA at AC Interest Inco%e

/010/,+ 6/,/// 6/,///

/010/,2 FA at AC Interest Inco%e

F&'L TO A7ORTI8E9 COST

FA at F:PL Unreali-ed 'ain

1//,/// 1//,///

/010/,2 5/,/// 5/,///

00/,3

FA at F:PL Unreali-ed 'ain

.//,/// .//,///

00/,3

FA at F:PL FA at AC Unreali-ed Gain *P;L+

6,7//,/// 7,5./,/// 12/,///

FA at AC FA at F:PL

6,7//,/// 6,7//,///

/010/,3 Interest Inco%e FA at AC

A7ORTI8E9 COST TO F&OCI /010/,+ FA at AC Interest Inco%e

6/,/// 6/,///

F&OCI TO A7ORTI8E9 COST

FA at F:OCI Interest Inco%e

6/,///

FA at F:OCI Unre Unreal alii-ed ed 'ain 'ain  OCI OCI

66/,///

6/,///

66/, 66/,// /// /

/010/,2 5/,/// 5/,///

00/,3 FA at F:OCI FA at AC Unreali-ed Gain = OCI

5/,///

/010/,+

/010/,2 FA at AC Interest Inco%e

5/,///

FA at F:OCI Interest Inco%e

5/,///

FA at F:OCI Unre Unreal alii-ed ed 'ain 'ain  OCI OCI

04/,///

5/,///

04/, 04/,// /// /

00/,3 6,7//,/// 7,5./,/// 12/,///

FA at AC FA at F:OCI Unreali-ed 'ain = OCI FA at AC

/010/,3 Interest Inco%e FA at F:OCI

5/,///

FA at F:OCI Unreali-ed 'ain = OCI

05/,///

5/,///

/010/,3

05/,///

FA at AC Interest Inco%e

6,7//,/// 6,7//,/// 12/,/// 12/,///

9/,/// 9/,///

*6,6//,///  *6,7//,///  5/,///+ > 05/,///

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F&'L TO F&OCI

F&OCI TO F&'L

/010/,+ FA at F:PL Unreali-ed 'ain

/010/,+ 1//,/// 1//,///

/010/,2 FA at F:PL Unreali-ed 'ain

/010/,3 Interest Inco%e FA at AC

6/,///

FA at F:OCI Unre Unreal alii-ed ed 'ain 'ain  OCI OCI

66/,///

6/,///

66/, 66/,// /// /

/010/,2 .//,/// .//,///

00/,3 FA at F:OCI FA at F:PL

FA at F:OCI Interest Inco%e

FA at F:OCI Interest Inco%e

5/,///

FA at F:OCI Unre Unreal alii-ed ed 'ain 'ain  OCI OCI

04/,///

5/,///

04/, 04/,// /// /

00/,3 6,7//,/// 6,7//,///

5/,///

FA at F:PL FA at F:PL

6,7//,/// 6,7//,///

Unreali-ed 'ain = OCI Gain on F:PL

12/,/// 12/,///

5/,/// /010/,3

FA at F:OCI Unreali-ed 'ain = OCI

05/,/// 05/,///

FA at F:PL Unre Unreal alii-ed ed 'ain 'ain *P;L *P;L++

0//,/// 0//, 0//,// /// /

*6,6//,///  *6,7//,///  5/,///+ > 05/,///

: : EN9 : :

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