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The allowance for expected credit losses on financial assets measured in accordance with paragraph 4.1.2 , lease receivables and contract assets , the accumulated impairment amount for financial assets measured in accordance with paragraph 4.1.2A and the …

The amount arising from adjusting the gross carrying amount of a financial asset to reflect the renegotiated or modified contractual cash flows. The entity recalculates the gross carrying amount of a financial asset as the present value of the estimated …

A financial asset is past due when a counterparty has failed to make a payment when that payment was contractually due. …

Purchased or originated financial asset(s) that are credit-impaired on initial recognition. …

The first day of the first reporting period following the change in business model that results in an entity reclassifying financial …

A purchase or sale of a financial asset under a contract whose terms require delivery of the asset within the time frame established generally by regulation or convention in the marketplace …

Incremental costs that are directly attributable to the acquisition, issue or disposal of a financial asset or financial liability (see paragraph B5.4.8 ). An incremental cost is one that would not have been incurred if the entity had not acquired, issued …

The following terms are used in this Standard with the meanings specified: …

Accounting profit is profit or loss for a period before deducting tax expense. …

Taxable profit (tax loss) is the profit (loss) for a period, determined in accordance with the rules established by the taxation authorities, upon which income taxes are payable …