Artículo 2.4. IFRS 9 Paragraph 2.4

This Standard shall be applied to those contracts to buy or sell a non‑financial item that can be settled net in cash or another financial instrument, or by exchanging financial instruments, as if the contracts were financial instruments, with the exception of contracts that were entered into and continue to be held for the purpose of the receipt or delivery of a non‑financial item in accordance with the entity’s expected purchase, sale or usage requirements. E3, E4, E5 However, this Standard shall be applied to those contracts that an entity designates as measured at fair value through profit or loss in accordance with paragraph 2.5 . [ Refer: Basis for Conclusions paragraphs BCZ2.18⁠–⁠BCZ2.38 ]