The carrying amount of the financial asset is reduced through an allowance account, and the amount of the loss is recognized in the 
Consolidated Statements of Income and Comprehensive Income. Any subsequent reversal of an impairment loss is recognized in profit or 
loss.
Financial liabilities at FVTPL
Financial liabilities are classified as FVTPL if they meet certain conditions and are designated as such by management, or they are derivative 
liabilities. Financial liabilities classified as FVTPL are measured at fair value, with changes recognized in the Consolidated Statements of 
income and comprehensive income.
Other financial liabilities
Other financial liabilities are financial liabilities that are not classified as FVTPL. Subsequent to initial recognition, other financial liabilities 
are measured at amortized cost using the effective interest method. The effective interest method is a method of calculating the amortized 
cost of an instrument and of allocating interest income over the relevant period. The effective interest rate is the rate that exactly discounts 
estimated future cash receipts (including all transaction costs and other premiums or discounts) through the expected life of the debt 
instrument to the net carrying amount of the initial recognition.
Fair value measurements recognized in the Consolidated Statements of Financial Position are categorized using a fair value hierarchy that 
reflects the significance of inputs used in determining the fair values:
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