Division 49 F1
United Kingdom
‘ Modification gains or (-) losses, net ’ shall include the amounts arising from adjusting the gross carrying amounts of financial assets to reflect the renegotiated or modified contractual cash flows (IFRS 9.5.4.3 and Appendix A). The modification gains or losses shall not include the impact of modifications on the amount of expected credit losses, which shall be reported in ‘ Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss ’ .