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The Board of Directors is unclear about the impact of non-netting of Financial Instruments under IFRS (as for example by comparison to US GAAP).
The Board of Directors is unclear about the impact of non-netting of Financial Instruments under IFRS (as for example by comparison to US GAAP). Explain what is the impact of non-netting on the balance sheet and the leverage ratio? When does netting occur under IFRS?