General feedback par 522 in limited circumstances all

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Par. 5.22
In limited circumstances, all relevant measures of an asset or liability that are available (or
can be obtained) may be subject to such high measurement uncertainty that none would
provide useful information about the asset or liability (and any resulting income, expenses
or changes in equity), even if the measure were accompanied by a description of the
estimates made in producing it and an explanation of the uncertainties that affect those
estimates. In those limited circumstances, the asset or liability would not be recognised.
14. How are the recognized elements of financial statements depicted? Structured
summaries Detailed Line item depiction Terms of the contracts
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Par. 5.2
The statement of financial position and statement(s) of financial performance
depict an entity’s recognised assets, liabilities, equity, income and expenses
in structured summaries that are designed to make financial information
comparable and understandable. An important feature of the structures of
those summaries is that the amounts recognised in a statement are included
in the totals and, if applicable, subtotals that link the items recognised in the
statement.
15. In the derecognition process, the following components are considered as:
Transferred Components Retained Components
Recognize Recognize
Derecognize Derecognize
Recognize Derecognize
Derecognize Recognize
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Derecognize Recognize
16. If derecognition is not sufficient to achieve both aims described in paragraph 5.27,
even when supported by one or more of the procedures described in paragraph

5.28(c), those two aims might sometimes be achieved by continuing to recognise
the transferred component. This has the following consequences:
no income or expenses are recognised on either the retained component or the
transferred component as a result of the transaction or other event. the proceeds
received (or paid) upon transfer of the asset (or liability) are treated as a loan received (or
given). separate presentation of the transferred component in the statement of
financial position, or provision of explanatory information, is needed to depict the fact
that the entity no longer has any rights or obligations arising from the transferred
component. Similarly, it may be necessary to provide information about income or
expenses arising from the transferred component after the transfer. Lessening the
relevance of the financial information.
General Feedback
Par. 5.32
If derecognition is not sufficient to achieve both aims described in paragraph 5.27, even
when supported by one or more of the procedures described in paragraph 5.28(c), those
two aims might sometimes be achieved by continuing to recognise the transferred
component. This has the following consequences:
(a) no income or expenses are recognised on either the retained component or
the transferred component as a result of the transaction or other event;
(b) the proceeds received (or paid) upon transfer of the asset (or liability) are
treated as a loan received (or given); and
(c) separate presentation of the transferred component in the statement of
financial position, or provision of explanatory information, is needed to depict the
fact that the entity no longer has any rights or obligations arising from the
transferred component. Similarly, it may be necessary to provide information about
income or expenses arising from the transferred component after the transfer.
17. Whether or not an asset or liability is recognised, a faithful representation of the
asset or liability may need to include:
1. explanatory information about the certainties associated with the
asset or liability’s existence or measurement,
2. or with its outcome — the amount or timing of any inflow or
outflow of economic benefits that will ultimately result from it.

timing of any inflow or outflow of economic benefits that will ultimately result from it (see