What is the purpose of disclosure requirements of IFRS 7?

Purpose of IFRS 7’s disclosure requirements is to

Enhance understanding of the significance of financial instruments to an entity’s financial position, performance and cash flows;
Assist in assessing the amounts, timing and certainty of future cash flows associated with those instruments;
Assist users in assessing the extent of market, credit, liquidity and cash flow interest rate risks transferred or assumed as a result of entering into financial instruments.