Changes in fair value are recognized in OCI and are never recycled to profit and loss, even if the asset is sold or impaired. The asset is measured at fair value. Changes in fair value are recognized in profit and loss as they arise.

What does fair value through OCI mean?

Fair value through other comprehensive income—financial assets are classified and measured at fair value through other comprehensive income if they are held in a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets.

What is difference between Fvoci and Fvtpl?

A financial asset is measured at fair value through profit or loss (FVTPL), unless it is measured at amortised cost or at fair value through other comprehensive income (FVOCI).