Document ID: chunk:federal_register_of_legislation:F2021C00192:body:0:p47
Version: federal_register_of_legislation:F2021C00192
Segment Type: other
Provision Reference: 
Character Range: 122497–130392

item in the statement of financial position;
(b) the fair value of the derivative;
(c) the profit or loss effect of the hedge for the entire three-month period of the hedge; and
(d) interest income and interest expense relating to the amount designated as hedged.

Description                                                                                                    1 Jan                  31 Jan                1 Feb             28 Feb                                                     31 Mar
                                                                                                               20X1                   20X1                  20X1              20X1                                                       20X1
                                                                                                                           CU                    CU                 CU                                                         CU                  CU
Amount of asset hedged                                                                20,000,000               19,200,000  8,000,000  8,000,000  8,000,000
(a) Changes in the separate line item in the statement of financial position
Brought forward:
                                                                                      Balance to be amortised  Nil                    Nil                   Nil               22,755                                                     11,377
                                                                                      Remaining balance        Nil                    Nil                   45,511            18,963                                                     9,518
Less: Adjustment on sale of asset                                                     Nil                                  Nil                   (3,793)            Nil                                                        Nil
Adjustment for change in fair value of the hedged asset                               Nil                                  45,511                Nil                (9,445)                                                    (9,518)
Amortisation                                                                          Nil                                  Nil                   Nil                (11,378)                                                   (11,377)
Carried forward:
                                                                                      Balance to be amortised              Nil                   Nil                22,755                                                     11,377              Nil
                                                                                      Remaining balance                    Nil                   45,511             18,963                                                     9,518               Nil

(b) The fair value of the derivative
                                                                                                                           1 Jan                 31 Jan             1 Feb                                                      28 Feb              31 Mar
                                                                                                                           20X1                  20X1               20X1                                                       20X1                20X1
CU20,000,000                                                                                                   Nil                    47,408                –                 –                                                          –
CU12,000,000                                                                                                   Nil                    –                     28,445            No longer designated as the hedging instrument.
CU8,000,000                                                                                                    Nil                    –                     18,963            9,518                                                      Nil
Total                                                                                                          Nil                    47,408                47,408            9,518                                                      Nil

(c) Profit or loss effect of the hedge
                                                                                                                           1 Jan                 31 Jan             1 Feb                                                      28 Feb              31 Mar
                                                                                                                           20X1                  20X1               20X1                                                       20X1                20X1
Change in line item: asset                                                                                     Nil                    45,511                N/A               (9,445)                                                    (9,518)
Change in derivative fair value                                                                                Nil                    (47,408)              N/A               9,445                                                      9,518
Net effect                                                                                                     Nil                    (1,897)               N/A               Nil                                                        Nil
Amortisation                                                                                                   Nil                    Nil                   N/A               (11,378)                                                   (11,377)

In addition, there is a gain on sale of assets of CU14,607 at 1 February 20X1.

(d) Interest income and interest expense relating to the amount designated as hedged
                                                                                                               1 Jan                  31 Jan                1 Feb             28 Feb                                                     31 Mar
Profit or loss recognised for the amount hedged                                                                20X1                   20X1                  20X1              20X1                                                       20X1
Interest income
                                                                                      – on the asset                       Nil        172,097               N/A               71,707                                                     71,707
                                                                                      – on the swap                        Nil        179,268               N/A               62,115                                                     62,115
Interest expense
                                                                                      – on the swap                        Nil        (179,268)             N/A     (71,707)  (71,707)

Compilation details
Accounting Standard AASB 139 Financial Instruments: Recognition and Measurement (as amended)
Compilation details are not part of AASB 139.
This compiled Standard applies to annual periods beginning on or after 1 January 2021.  It takes into account amendments up to and including 17 September 2020 and was prepared on 15 February 2021 by the staff of the Australian Accounting Standards Board (AASB).
This compilation is not a separate Accounting Standard made by the AASB.  Instead, it is a representation of AASB 139 (August 2015) as amended by other Accounting Standards, which are listed in the table below.

Table of Standards
Standard     Date