IFS has similar categories to us GAAP for Financial Instruments, but uses different naming conventions.

Instruments classified as amortized costs are unsurprisingly shown at amortized cost on the balance sheet.

Fair value through the P and L or F-V-T-P-L requires that instruments are shown at their fair value on the balance sheets with unrealized gains and losses shown directly in the income statement equivalent to the trading category.

For US, gap and fair value through other comprehensive income.

F-B-O-C-I requires that the balance sheet shows the instruments fair value and unrealized gains and losses being shown within other comprehensive income equivalent to available for sale under US gap.

However, there is more complexity within the IFRS rules in relation to which of these categories financial instruments need to be recognized within, as well as some differences in the accounting treatment that needs to be applied.

Reclassification between asset classes is only allowed where there is a change in business model in relation to these assets, and changes to the business model are expected to be rare for equity securities classified as fair value through other comprehensive income.

This is an irrevocable choice, so this classification can never be changed.