• On 31.12.2019 the carrying value of asset was OMR 54,000,000. In the early 2020, it was identified that the bond issuer was beginning to experience some financial difficulties. There was serious doubt regarding full recovery of the amounts due to the investor. An impairment review would be required. The expected future cash-flows now expected by the investor (Commercial entity) from the bond issuer are as under :

Year	Expected Cash Flow
31- December -2020	(OMR 4,050,000)
31 December -2021	(OMR 4,050,000)
31 December -2022	(OMR 4,050,000)
31 December -2023	(OMR 4,050,000 + OMR 42,300,000)

Required: (b) Calculate the extent of impairment of the financial asset to be included in the

financial statements of the investor on 31.12.2020. (10 marks) (c) Give an analytical view of IFRS 9 Financial Instruments in your words