Hello,
My company has invested in a promotor shares with lock-in period for sale for 3 years. The shares are listed in the stock exchange for 7 months and being traded above par value. Shall we present the Fair Value at Market Price as at the end of financial year or shall we calculate another fair value as per IFRS 13? The equity shares in question cannot be sold in market for another 2 year 5 months.
Fair Value of FVTOCI Equity Instrument
Re: Fair Value of FVTOCI Equity Instrument
This restriction seems to be a characteristic of the instrument if I understand correctly, so you should adjust the quoted price of an unrestricted instrument when measuring fair value. See https://ifrscommunity.com/knowledge-bas ... cteristics