Company had investments in debenture’s under held to maturity (HTM) category. Which has been purchased sometimes back. And company's intention to hold it till maturity has changed, therefore they have sold this debenture investment during last year (before maturity). Once there’re intention changed, as per IAS’s this needs to re-classify from HTM to Available for sale investment’s (AFS).
However during current accounting period, company has purchased few more debenture’s in similar nature, this time around they have a clear ability and intention to hold it, till it’s maturity.
The question is can they go ahead with the classification of HTM or should they classify it as AFS or different category of financial asset ?