Scope and Disclosure Requirements of IFRS 13

IFRS 13 Fair Value Measurement applies to all fair value measurements required or permitted by other IFRS. Certain exceptions are specified in paragraphs IFRS 13.6-7.

Disclosure requirements are set out in paragraphs IFRS 13.91-99. It is worth noting that these disclosure requirements do not apply to fair value measurement at initial recognition (IFRS 13.BC184). Other IFRS Standards require disclosure of fair value for assets and liabilities that are not measured at fair value in the statement of financial position (e.g. IFRS 7 for financial assets and liabilities). Certain disclosure requirements of IFRS 13 apply also to such disclosures as specified in paragraph IFRS 13.97.

Disclosure requirements of IFRS 13 are illustrated in Examples 15-19 accompanying this standard.

See the following pages relating to fair value measurement:

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