Artículo 7.2.14A. IFRS 9 Paragraph 7.2.14A

At the date of initial application, an entity is permitted to make the designation in paragraph 2.5 for contracts that already exist on the date but only if it designates all similar contracts. The change in the net assets resulting from such designations shall be recognised in retained earnings at the date of initial application. [ Refer: Basis for Conclusions paragraphs BCZ2.36⁠–⁠BCZ2.38 ]