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Sunday 26 June 2016

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Exposure Draft [February 2015]

Exposure Draft [February 2015]


Exposure Draft and Comment letters


The International Accounting Standards Board (IASB) today published for public comment the Exposure Draft Classification of Liabilities (Proposed amendments to IAS 1), which clarifies how entities classify debt, particularly when it is coming up for renewal.

The proposed amendments are designed to improve presentation in financial statements by clarifying the criteria for the classification of a liability as either current or non-current.  The proposed amendments do this by:

  1. clarifying that the classification of a liability as either current or non-current is based on the entity’s rights at the end of the reporting period; and
  2. making clear the link between the settlement of the liability and the outflow of resources from the entity.

These are proposed clarifications to the Classification of Liabilities element of IAS 1 Presentation of Financial Statements. The proposals come out of an initiative identified and considered by the IFRS Interpretations Committee

Comment letters

View the Comment letters.

 

Due process documents
Exposure Draft Classification of Liabilities (Proposed Amendments to IAS 1) [PDF]
公開草案 負債の分類 IAS® 第1号の修正案
(Japanese) [PDF]
(コメント期限:2015年6月10日)
Exposé-sondage: Classement des passifs (projet de modification d’IAS 1) (French) [PDF]
(Date limite de réception des commentaires : le 10 juin 2015)
Proyecto de Norma: Clasificación de Pasivos (Modificaciones propuestas a la NIC 1) (Spanish) [PDF]
(Recepción de comentarios hasta el 10 de junio de 2015)

 

Contacts

Michael Stewart
Director of Implementation Activities, IASB
+44 (0)20 7246 6922
mstewart@ifrs.org

 

April Pitman
Senior Technical Manager, IASB
+44 (0) 20 7246 6492
apitman@ifrs.org