FAC3762 - Template (Financial Instruments)

Financial instruments - Classification

FINANCIAL ASSETS
The classification and subsequent measurement of a financial asset shall be based on both:
1.) the ntity's business model for managing financial assets; and
2.) the contractual cash-flow characteristics of the financial asset.

Amortised cost:
1.) Business model is to hold FA to collect CF's.
2.) CF's are solely payments of interest and principle on amount outstanding.

Fair value through profit or loss:
1.) FA is measured as FA@P/L, unless measured as FA@AC or FA@OCI.
2.) Entity elects to measure as FA@P/L.
'3.) Dividends are recognized in P/L.

Fair value through other comprehensive income: (Equity instrument)
1.) Entity elects to measure as FA@OCI.
2.) Equity instruments are not held for trading.
3.) Dividends are recognized in P/L, unless dividend is a recovery part of the cost of the investment.

,Amortisation Table - Payments concurrent with year-end

Opening Balance Interest Principle Payments Closing Balance
Date
(a) (b) (c) (d) = (b) + ( c ) ( e ) = (a) - ( c )
2021
2022 - -
2023 - -
2024 - -
2025 - -
2026 - -
- - - - -

Amortisation Table - Payments not concurrent with year-end

Opening Balance Interest Principle Payments Closing Balance
Date
(a) (b) (c) (d) = (b) + ( c ) ( e ) = (a) - ( c )
2020/05/01
2020/10/31 - -
2020/12/31 - -
2021/04/30 - -
2021/10/31 - -
2021/12/31 - -
2022/04/30 - -
2022/10/31 - -
2022/12/31 - -
2023/04/30 - -
- - - - -

*** If payments not concurrent with YE, split interest in proportion to months.

, PV Calculated
1-1 AMORT
2-2 AMORT
3-3 AMORT
4-4 AMORT
5-5 AMORT




1-1 AMORT
2-2 AMORT

3-3 AMORT

4-4 AMORT

5-5 AMORT
6-6 AMORT