IGTA Journal - Summer 2020

fixed-price supply contracts (own-use exception). This treatment presupposes that the purchases made are part of the company's production cycle; it is not compatible with the resale of excess quantities or the payment of a balance to the supplier. Fixed-price purchases, in particular those relating to non-storable supplies such as electricity, must be analysed to assess the need to recognize an IFRS 9 derivative. Deconsolidating operations Companies must analyse cases of recourse (e.g. "force majeure" clauses) and verify the continued existence of the guarantee provided by the credit insurer (where applicable) to confirm the deconsolidating nature of the receivables assignment program under IFRS. Valuations The health crisis calls for a review of the valuation approaches implemented historically and verification of their relevance in the current context (non-consolidated securities valued at amortized cost or using the multiples method, CVA/DVA). IGTA eJournal | Summer 2020 | 10