Disclosure and presentation

Hedges of Anticipated Future Transactions 
98. 
When an entity has accounted for a financial instrument as a hedge of 
risks associated with anticipated future transactions, it shall disclose:
(a) 
A description of the anticipated transactions, including the period 
of time until they are expected to occur;
(b) 
A description of the hedging instruments; and 
(c) 
The amount of any deferred or unrecognized gain or loss and the 
expected timing of recognition as revenue or expense. 
99. 
An entity’s accounting policies indicate the circumstances in which a financial 
instrument is accounted for as a hedge and the nature of the special 
recognition and measurement treatment applied to the instrument. The 
information required by paragraph 98 permits the users of an entity’s financial 
statements to understand the nature and effect of a hedge of an anticipated 
future transaction. The information may be provided on an aggregate basis 
when a hedged position comprises several anticipated transactions or has been 
hedged by several financial instruments.
100. The amount disclosed in accordance with paragraph 98(c) includes all accrued 
gains and losses on financial instruments designated as hedges of anticipated 
future transactions, without regard to whether those gains and losses have 

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FINANCIAL INSTRUMENTS: DISCLOSURE AND PRESENTATION 
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been recognized in the financial statements. The accrued gain or loss may be 
unrealized but recorded in the entity’s statement of financial position as a 
result of carrying the hedging instrument at fair value, it may be unrecognized 
if the hedging instrument is carried on the cost basis, or it may have been 
realized if the hedging instrument has been sold or settled. In each case, 
however, the accrued gain or loss on the hedging instrument has not been 
recognized in the entity’s statement of financial performance pending 
completion of the hedged transaction.