Investment valuation rules: current investments measured at lower of cost and fair value, long-term investments carried at cost.

This Standard requires distinct classification of investments as current or long-term, determines cost to include acquisition charges and fair-value-based cost when securities or assets are exchanged, and states that current investments are carried at the lower of cost and fair value while long-term investments are carried at cost subject to write-down for decline other than temporary; reductions and reversals and gains or losses on disposal are recognised in profit and loss, and specified disclosures about policies, classifications, income, disposals and restrictions must be made.

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