Introduction (paras. BC1-BC130)
This Basis for Conclusions accompanies, but is not part of, IAS 39.
In this Basis for Conclusions the terminology has not been amended to reflect the changes made by IAS 1 Presentation of Financial Statements(as revised in 2007).
References to the Framework are to IASC's Framework for the Preparation and Presentation of Financial Statements, adopted by the IASB in 2001. In September 2010 the IASB replaced the Framework with the Conceptual Framework for Financial Reporting.
IFRS 9 Financial Instruments replaced IAS 39. However, the Board did not reconsider most of the requirements of IAS 39 relating to scope, classification and measurement of financial liabilities or derecognition of financial assets and financial liabilities. Accordingly the following were relocated to IFRS 9: paragraphs BC11C, BC15–BC24Y, BC30–BC79A and BC85–BC104.
BC1 This Basis for Conclusions summarises the International Accounting Standards Board's considerations in reaching the conclusions on revising IAS 39 Financial Instruments: Recognition and Measurement in 2003. Individual Board members gave greater weight to some factors than to others.
BC2–BC130 [Deleted]