IFRS 7 Financial Instruments: Disclosures requires disclosures about the significance of financial instruments on financial performance and position, and the nature and extent of risks arising.
Published August 2005. Effective 1 January 2007.
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*UK qualifying parents and subsidiaries can take advantage of FRS 101 Reduced Disclosure Framework. Find out more on which entities qualify and the criteria to be met.
IFRS 7 requires two main categories of financial instruments disclosure:
Information about the nature and extent of risks arising from financial instruments, including:
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*Not EU endorsed as at 7 June 2017. Read more on EU Endorsement.
UK qualifying parents and subsidiaries can take advantage of FRS 101 Reduced Disclosure Framework. Find out more on which entities qualify and the criteria to be met.
FRS 101 paragraph 8(d) states that a qualifying entity is exempt from all of the requirements of IFRS 7 with the following limitations.
This page was last updated 7 June 2017