Is there any exception to the requirement to measure at fair value financial assets classified as at fair value through profit or loss or available for sale?
(a) No. Such assets are always measured at fair value.
(b) Yes. If the fair value of such assets increases above cost, the resulting unrealized holding gains are not recognized but deferred until realized.
(c) Yes. If the entity has the positive intention and ability to hold assets classified in those categories to maturity, they are measured at amortized cost.
(d) Yes. Investments in unquoted equity instruments that cannot be reliably measured at fair value (or derivatives that are linked to and must be settled in such unquoted equity instruments) are measured at cost.