Appendix D Amendments to IFRS 7 if the Amendments to IAS 39 Financial Instruments: Recognition and Measurement — The Fair Value Option have not been applied

In June 2005 the Board issued Amendments to IAS 39: Financial Instruments: Recognition and Measurement — The Fair Value Option, to be applied for annual periods beginning on or after 1 January 2006. If an entity applies IFRS 7 for annual periods beginning before 1 January 2006 and it does not apply these amendments to IAS 39, it shall amend IFRS 7 for that period, as follows. In the amended paragraphs, new text is underlined and deleted text is struck through.

1. D1

   The heading above paragraph 9 and paragraph 11 are amended as follows, and paragraph 9 is deleted.

   Financial liabilities at fair value through profit or loss

   1. 11..

      The entity shall disclose:

      1. (a)

         the methods used to comply with the requirements in paragraph 10(a).

      2. (b)

         if the entity believes that the disclosure it has given to comply with the requirement in paragraph 10(a) does not faithfully represent the change in the fair value of the financial liability attributable to changes in its credit risk, the reasons for reaching this conclusion and the factors it believes to be relevant.

   Paragraph B5(a) is amended as follows:

   1. (a)

      the criteria for designating, on initial recognition, financial assets or financial liabilities as at fair value through profit or loss.