5 This IFRS applies when another IFRS requires or permits fair value measurements or disclosures about fair value measurements (and measurements, such as fair value less costs to sell, based on fair value or disclosures about those measurements), except as specified in paragraphs 6 and 7.
6 The measurement and disclosure requirements of this IFRS do not apply to the following:
(a) share-based payment transactions within the scope of IFRS 2 Share-based Payment;
(b) leasing transactions accounted for in accordance with IFRS 16 Leases; and
(c) measurements that have some similarities to fair value but are not fair value, such as net realisable value in IAS 2 Inventories or value in use in IAS 36 Impairment of Assets.
7 The disclosures required by this IFRS - or, for entities applying IFRS 19 Subsidiaries without Public Accountability: Disclosures, by paragraphs 95-97 of IFRS 19 - are not required for the following:
(a) plan assets measured at fair value in accordance with IAS 19 Employee
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