Page 97 - ACCESS ANNUAL REPORT 2019

NOTES (continued)
S ar o significant acco nting po icies contin ed Financia assets and iabi ities contin ed
Financia Assets
i assification and s bse ent eas re ent
rom 1 anuary 201 , the Group has applied I RS 9 and classifies its financial assets in the ollowin measurement categories:
• air value throu h profit or loss P
• air value throu h other comprehensive income OCI or
• Amortised cost.
he classification re uirements or de t and e uity instruments are descri ed elow
Debt instr ents
De t instruments are those instruments that meet the definition o a financial lia ility rom the issuer s perspective, such as loans, overnment onds and treasury ills.
Classification and su se uent measurement o de t instruments depend on
• the Group s usiness model or mana in the asset and
• the cash ow characteristics o the asset.
Based on these actors, the Group classifies its de t instruments into one o the ollowin three measurement categories:
Amortised cost: Assets that are held or collection o contractual cash ows where those cash ows represents solely payments o principal and interest SPPI , and that are not desi nated at P , are measured at amortised cost. he carryin amount o these assets is ad usted y any expected credit loss allowance reco nised and measured. Interest income rom these financial assets is included in Interest income usin the effective interest rate method.
Debt instr ents contin ed
Fair value through other comprehensive income (FVOCI): inancial assets that are held or collection o contractual cash ows and or sellin the assets, where the assets cash ows represent solely payments o principal and interest, and that are not desi nated at P , are measured at air value throu h other comprehensive income OCI . ovements in the carryin amount are ta en throu h OCI, except or the reco nition o impairment ains or losses, interest revenue and orei n exchan e ains and losses on the instrument s amortised cost which are reco nised in profit or loss. hen the financial asset is dereco nised, the cumulative ain or loss previously reco nised in OCI is reclassified rom e uity to profit or loss and reco nised in other operatin income . Interest income rom these financial assets is included in Interest income usin the effective interest rate method.
Fair value through profit or loss: Assets that do not meet the criteria or amortised cost or OCI are measured at air value throu h profit or loss. A ain or loss on a de t investment that is su se uently measured at air value throu h profit or loss and is not part o a hed in relationship is reco nised in profit or loss and presented in the profit or loss statement within et tradin income in the period in which it arises. Interest income rom these financial assets is included in Interest income usin the effective interest rate method.
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