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3. FINANCIAL ASSETS Classification and initial recognition
www.sogefigroup.com210 | SOGEFI y 2011 Consolidated Financial Statements – EXPLANATORY AND SUPPLEMENTARY NOTES 3. FINANCIAL ASSETS Classification and initial recognition In accordance with IAS 39, financial assets are to be classified in the following four categories:
3. FINANCIAL ASSETS Classification and initial recognition
www.sogefigroup.com4. available-for-sale financial assets. The classification depends on the purpose for which assets are bought and held. Management decides on their initial classification at the time of initial recognition, subsequently checking that it still applies at the end of each reporting period.