BDO publishes IFRB 2022/07 IASB issues amendments to IAS 1 - Non-current liabilities with covenants
30 November 2022
The IASB recently issued amendments to IAS 1, which clarify how an entity determines whether liabilities with covenants are classified as current or non-current liabilities. This classification may significantly affect gearing, liquidity and other key financial indicators for reporting entities. BDO’s IFR bulletin summarises the effects of the amendments, including the effective date, along with several illustrative examples. The IFR Bulletin may be accessed here.