Application of IFRS 9 to the natural resources sector

January 03, 2019

NTL_Firm_27Nov18_Website_IFRS-9-Mining-Application_LandingPage_679x220.jpg

IFRS 9 Financial Instruments is a very significant standard for the financial services sector. While the impact on IFRS 9 is not as great on non-financial entities, it will affect the natural resources sector.

Natural resources companies should consider these key features of IFRS 9:

  • Moving from an incurred loss model to a predicted loss model
  • The strict rules as to which financial assets can be recorded at amortized cost
  • Investments in unlisted shares to be recorded at fair value
  • Simplified hedge accounting rules
Fill out the form on this page to download the publication.