Disclosure and presentation

Other Disclosures 
101. Additional disclosures are encouraged when they are likely to enhance 
financial statement users’ understanding of financial instruments. It may be 
desirable to disclose such information as: 
(a) 
The total amount of the change in the fair value of financial assets and 
financial liabilities that has been recognized as revenue or expense for the 
period;
(b) 
The total amount of deferred or unrecognized gain or loss on hedging 
instruments other than those relating to hedges of anticipated future 
transactions; and
(c) 
The average aggregate carrying amount during the year of recognized 
financial assets and financial liabilities, the average aggregate 
principal, stated, notional or other similar amount during the year of 
unrecognized financial assets and financial liabilities and the average 
aggregate fair value during the year of all financial assets and financial 
liabilities, particularly when the amounts on hand at the reporting date 
are unrepresentative of amounts on hand during the year.
Transitional Provision 
102. When comparative information for prior periods is not available when 
this International Public Sector Accounting Standard is first adopted, 
such information need not be presented. 
Effective Date 
103. An entity shall apply this Standard for annual financial statements 
covering periods beginning on or after January 1, 2003. Earlier 
application is encouraged. If an entity applies this Standard for a period 
beginning before January 1, 2003, it shall disclose that fact. 
104. When an entity adopts the accrual basis of accounting as defined by IPSASs 
for financial reporting purposes subsequent to this effective date, this Standard 
applies to the entity’s annual financial statements covering periods beginning 
on or after the date of adoption. 

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FINANCIAL INSTRUMENTS: DISCLOSURE AND PRESENTATION 
IPSAS 15 IMPLEMENTATION GUIDANCE 
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