doc__table__2696

| 3 | This IFRS shall be applied by all entities to all types of financial instruments, except: (a) those interests in subsidiaries, associates and joint ventures that are accounted for in accordance with IAS 27 Consolidated and separate financial statements, IAS 28 Investments in associates or IAS 31 Interests in joint ventures. However, in some cases, IAS 27, IAS 28 or IAS 31 permits an entity to account for an interest in a subsidiary, associate or joint venture using IAS 39; in those cases, entities shall apply the disclosure requirements in IAS 27, IAS 28 or IAS 31 in addition to those in this IFRS. Entities shall also apply this IFRS to all derivatives linked to interests in subsidiaries, associates or joint ventures unless the derivative meets the definition of an equity instrument in IAS 32; (b) employers' rights and obligations arising from employee benefit plans, to which IAS 19 Employee benefits applies; (c) contracts for contingent consideration in a business combination (see IFRS 3 Business combinations). This exemption applies only to the acquirer; (d) insurance contracts as defined in IFRS 4 Insurance contracts. However, this IFRS applies to derivatives that are embedded in insurance contracts if IAS 39 requires the entity to account for them separately. Moreover, an issuer shall apply this IFRS to financial guarantee contracts if the issuer applies IAS 39 in recognising and measuring the contracts, but shall apply IFRS 4 if the issuer elects, in accordance with paragraph 4(d) of IFRS 4, to apply IFRS 4 in recognising and measuring them; (e) financial instruments, contracts and obligations under share-based payment transactions to which IFRS 2 Share-based payment applies, except that this IFRS applies to contracts within the scope of paragraphs 5-7 of IAS 39.

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Source: EUR-Lex (Cellar) · retrieved 2026-11-08 · Text as adopted (Official Journal); later amendments are not incorporated in this text.