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Classification of liabilities

Presentation of Financial Statements: 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

Deliberations

Issued documents

Stage completed: Exposure Draft published on 10 February 2015.



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