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Ifric 16


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Ifric 16

  1. 1. IFRIC 16
  2. 2. Which foreign currency risks qualify for hedge accounting Forex differences between own functional currency and its foreign subs functional currency
  3. 3. Where within the group can the hedging instrument be held? Hedging instrument(s) may be held by any entity in the group.
  4. 4. What amount should be reclassified on disposal IAS 39 must be applied to the hedging instrument, IAS 21 must be applied in respect of the hedged item.