Under IFRS 9, Financial Instruments, which of the following is NOT a category into which a financial asset must be classified?
A) Property, plant, and equipment
B) Bonds held to maturity
C) Loans and receivables
D) Available-for-sale financial assets

Question

Quizplus · Accepted Answer

Property, plant, and equipment are not a category under IFRS 9 for financial assets classification. The four categories for financial assets classification under IFRS 9 are: 
1) Amortized cost (e.g. loans and receivables)
2) Fair value through profit or loss (e.g. trading assets)
3) Fair value through other comprehensive income (e.g. available-for-sale financial assets)
4) A hybrid of the above (e.g. financial assets with both equity and debt elements)

Under IFRS 9, Financial Instruments, Which of the Following Is