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2.3 Based on the screenshot of annual report of above company. State the disclosuresotes to the accounts relating to the assets under MFRS 9. Explain
2.3 Based on the screenshot of annual report of above company. State the disclosuresotes to the accounts relating to the assets under MFRS 9. Explain how do they enlarge the decision analysis possibilities offered to shareholders and investors.
NANCIAL INSTRUMENTS (CONT'D) I.1 FINANCIAL RISK MANAGEMENT POLICIES (CONT'D) (b) Credit Risk (Cont'd) (iii) Assessment of Impairment Losses (Cont'd) Amount Owing By Subsidlarles (Trade and Non-trade Balances) (Cont'd) Inputs, Assumptions and Techniques used for Estimsting Impairment Losses (Cont'd) For loans and advances that are not repayable on demand, impairment loss is measured using techniques that are similar for estimating the impairment losses of other receivables as disclosed above. There are no significant changes in the estimation techniques and assumptions as compared to the previous financial year. Allowance for Impairment Losses Financial Guarantee Contracts All of the financial guarantee contracts are considered to be performing, have low risks of default and historically there were no instances where these financial guarantee contracts were called upon by the parties of which the financial guarantee contracts were issued to. Accordingly, no loss allowances were identifled based on 12-month expected credit lossesStep by Step Solution
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