International Financial Reporting Standard 7: Financial instruments - Disclosures

This version includes amendments resulting from IFRSs issued up to 31 December 2008. IAS 30 Disclosures in the Financial Statements of Banks and Similar Financial Institutions was issued by the International Accounting Standards Committee in August 1990. | IFRS 7 International Financial Reporting Standard 7 Financial Instruments: Disclosures This version includes amendments resulting from IFRSs issued up to 31 December 2008. IAS 30 Disclosures in the Financial Statements of Banks and Similar Financial Institutions was issued by the International Accounting Standards Committee in August 1990. In April 2001 the International Accounting Standards Board (IASB) resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn. In August 2005 the IASB issued IFRS 7 Financial Instruments: Disclosures, which replaced IAS 30. IFRS 7 and its accompanying documents have been amended by the following IFRSs: • Financial Guarantee Contracts (Amendments to IAS 39 and IFRS 4) (issued August 2005) • IAS 1 Presentation of Financial Statements (as revised in September 2007)* • IFRS 3 Business Combinations (as revised in January 2008)† • Puttable Financial Instruments and Obligations Arising on Liquidation (Amendments to IAS 32 and IAS 1) (issued February 2008)* • Improvements to IFRSs (issued May 2008)* • Reclassification of Financial Assets (Amendments to IAS 39 and IFRS 7) (issued October 2008)§ • Reclassification of Financial Assets—Effective Date and Transition (Amendments to IAS 39 and IFRS 7) (issued November 2008).§ The following Interpretations refer to IFRS 7: • IFRIC 12 Service Concession Arrangements (issued November 2006 and subsequently amended) • IFRIC 17 Distributions of Non-cash Assets to Owners (issued November 2008).† * effective date 1 January 2009 † effective date 1 July 2009 § effective date 1 July 2008 © IASCF 755 IFRS 7 CONTENTS paragraphs INTRODUCTION IN1–IN8 INTERNATIONAL FINANCIAL REPORTING STANDARD 7 FINANCIAL INSTRUMENTS: DISCLOSURES OBJECTIVE 1–2 SCOPE 3–5 CLASSES OF FINANCIAL INSTRUMENTS AND LEVEL OF DISCLOSURE 6 SIGNIFICANCE OF FINANCIAL INSTRUMENTS FOR FINANCIAL POSITION .