Suppose you are the controller of the company named XYZ preparing the year end financial statements and external audit working paper file. You are reviewing the following transactions that took place during the year. All figures are in '000.

The company purchased for $120,000 a newly issued five-year bond on January 1, and the bond was yielding 6% when the market rate was 6%. Interest is paid annually. as of year-end, global economy turmoil resulted in a flight to safety pushing the market yields down. the market rate is 5% now. management is planning to use the funds from bonds to finance the future expansion plans. The bond is at this time being measured at amortised cost.

During the prior year, XYZ purchased 8% of the common shares of ABC company for $150,000. ABC's shares are not publicly traded and the purchase price was set up as five times net income of $40,000. The past fiscal year has been c challenge for ABC due to increased competition and commodity price inflation. ABC's most recent financial statements report shows net income of $27,000.

Prior to the above transactions, pre-tax net income was $220,000. The management team is happy about the current year results as they will obtain of $10,000 or 5% of net income. The company has December 31 year end.

How to get revenue recognition and measurement of the financial instruments noted above as a controller based on IFRS.