Welcome to the website of the IFRS Foundation and the IASB

Friday 30 January 2015

Banner graphic

Classification of liabilities

Presentation of Financial Statements: Current/non-current classification of liabilities

 Issues considered but transferred to the IASB

IAS 1 Presentation of Financial Statements: Classification of liabilities

The Exposure Draft Annual Improvements to IFRSs 2010-2012 Cycle proposed to amend paragraph 73 of IAS 1 to clarify that a liability is classified as non-current if an entity expects, and has the discretion, to refinance or roll over an obligation for at least twelve months after the reporting period under an existing loan facility with the same lender, on the same or similar terms.

Project stages


The IASB expect to publish an exposure draft in Q4 2014.