Page 55 - 2023 CPC Corporation,Taiwan

(iv) The asset is cash or a cash equivalent unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period.

noncurrent.
An entity shall classify a liability as current when:
( i ) It is expected to be settled in the normal operating cycle;
(ii) It is held primarily for the purpose of trading;
(iii) It is due to be settled within twelve months after the reporting period; or
(iv) It does not have an unconditional right to defer settlement of the liability for at least twelve months after the reporting period. Terms of a liability that could, at the option of the counterparty, result in its
(d) Cash and cash equivalents
Cash and cash equivalents comprise cash, cash in bank, and short term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes term cash commitments rather than for investment or other purposes should be recognized as cash equivalents.
Bank overdrafts that are repayable on demand and form an integral part of the Company’s cash management are included as a component of cash and cash equivalents for the purpose of the statement
(e) Financial instruments
Trade receivables and debt securities issued are initially recognized when they are originated. All other
or issue. A trade receivable without a significant financing component is initially measured at the transaction price.
(i) Financial assets

date basis.

1) Financial assets at amortized cost

designated as at FVTPL:
• it is held within a business model whose objective is to hold assets to collect contractual cash

and interest on the principal amount outstanding.
These assets are subsequently measured at amortized cost, which is the amount at which the

effective interest method, adjusted for any loss allowance. Interest income, foreign exchange gains

2) Fair value through other comprehensive income (FVOCI)
A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL:
• it is held within a business model whose objective is achieved by both collecting contractual cash

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