Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 220

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 220
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 for the purpose of repurchasing in the near term. This category also includes derivative financial instruments
entered into by the Group that are not designated as hedging instruments in hedge relationships as defined by IFRS 9. Separated embedded
derivatives are also classified as held for trading unless they are designated as effective hedging instruments. Gains or losses on liabilities
held for trading are recognized in the statement of profit or loss. The net fair value gain or loss recognized in the statement of profit
or loss does not include any interest charged on these financial liabilities.

Financial liabilities designated upon initial
recognition as at fair value through profit or loss are designated at the initial date of recognition, and only if the criteria in IFRS
9 are satisfied. Gains or losses on liabilities designated at fair value through profit or loss are recognized in the statement of profit
or loss, except for the gains or losses arising from the Group’s own credit risk which are presented in other comprehensive income
with no subsequent reclassification to the statement of profit or loss. The net fair value gain or loss recognized in the statement of
profit or loss does not include any interest charged on these financial liabilities.

Financial liabilities at amortized cost

After initial recognition, lease liabilities
are subsequently measured at amortized cost, using the effective interest rate method unless the effect of discounting would be immaterial,
in which case they are stated at cost. Gains and losses are recognized in the statement of profit or loss when the liabilities are derecognized
as well as through the effective interest rate amortization process.

Amortized cost is calculated by taking into
account any discount or premium on acquisition and fees or costs that are an integral part of the effective interest rate. The effective
interest rate amortization is included in finance costs in the statement of profit or loss.

| (m) | Derecognition of financial liabilities |

A financial liability is derecognized when
the obligation under the liability is discharged or canceled, or expires.

When an existing financial liability is replaced
by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such
an exchange or modification is treated as a derecognition of the original liability and a recognition of a new liability, and the difference
between the respective carrying amounts is recognized in the statement of profit or loss.

| (n) | Offsetting of financial instruments |

Financial assets and financial liabilities
are offset and the net amount is reported in the statement