This appendix is an integral part of the IFRS.
B1 An entity shall apply the following exceptions:
(a) derecognition of financial assets and financial liabilities (paragraphs B2 and B3);
(b) hedge accounting (paragraphs B4-B6);
(c) non-controlling interests (paragraph B7);
(d) classification and measurement of financial assets (paragraph B8–B8C);
(e) impairment of financial assets (paragraphs B8D–B8G);
(f) embedded derivatives (paragraph B9);
(g) government loans (paragraphs B10-B12);
(h) insurance contracts (paragraph B13); and
(i) deferred tax related to leases and decommissioning, restoration and similar liabilities (paragraph B14).
Derecognition of financial assets and financial liabilities
B2 Except as permitted by paragraph B3, a first-time adopter shall apply the derecognition requirements in IFRS 9 prospectively for transactions occurring on or after the date of transition to IFRSs. For example, if a first-time adopter derecognised non derivative financial assets or non-deri
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