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Sue Lloyd, Vice-Chair of the International Accounting Standards Board (Board), discusses IFRS 9 and explains the Board’s thinking behind the requirements for equity instruments in the Standard.
She discusses the following:
- IFRS 9 on long-term investment.
- Reporting value changes in profit or loss gives better information about value creation over time.
- Recycling can provide a confusing presentation of performance.
- Debt investments are different.
- Prohibiting recycling avoids complexity related to impairment.
- Developing a new impairment model for equity investments is not an easy task.
- Prevalence of available for sale equity investments applying IAS 39.
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