Classification of Liabilities (Agenda Paper 12B)
The Board considered how its proposals in the Exposure Draft Classification of Liabilities (Proposed amendments to IAS 1) should be applied when conditions in the lending agreement are tested or reviewed after the end of the reporting period. The Board tentatively decided that:
13 of the 14 Board members agreed with these decisions.
Next steps
At a future Board meeting, the staff expect to examine the guidance with respect to the transfer of equity as a means of settlement by using specific examples raised in the consultation.