Page 12 - PowerPoint Presentation

IFRS 13

Elements of fair value measurement

• The asset or liability (IFRS 13.9-14)

• The effect on the measurement arising from a

particular characteristic will differ depending on how

that characteristic would be taken into account by

market participants.

• The asset or liability measured at fair value might be

either of the following:

• A stand-alone asset or liability (e.g. a financial

instrument or a non-financial asset).

• A group of assets, or group of liabilities or a group of

assets and liabilities (e.g. a cash generating unit or a

business).