Available for sale: Difference between revisions

Under IFRS AFS assets are defined as being all financial assets that do not fall into one of the other categories. As such, the treatment closely follows that of US GAAP. Gains or losses from revaluation of the asset are put through a reserve in [[Shareholders' equity]], except to the extent that any losses are assessed as being permanent, and the asset is therefore impaired, under [[IAS 39: Financial Instruments: Recognition and Measurement|IAS 39]], paragraph 58 or if the asset is sold or otherwise disposed of. If the asset is impaired, sold or otherwise disposed of the revaluation gain or loss implicit in the transaction is recognised as a revenue or expense.