BDO has published IFR Bulletin 2024/02 Amendments to IAS 1 – Clarification of the Meaning of ‘Settlement’ in the Classification of Liabilities.
The IASB issued amendments to IAS 1 Presentation of Financial Statements in January 2020 (Classification of Liabilities as Current or Non-current). The amendments, among other changes, clarified the meaning of 'settlement' for the purpose of classifying a liability as current or non-current. The amendments are applicable for annual reporting periods beginning on or after 1 January 2024.
BDO’s IFR Bulletin analyses the effect of these amendments on the classification of liabilities as current or non-current, particularly in case of hybrid financial instruments (e.g. convertible debt), with American-style conversion options, which may be significantly affected by these amendments.
Contact us if you have additional questions.
Source BDO Global
BDO’s IFR Bulletin analyses the effect of these amendments on the classification of liabilities as current or non-current, particularly in case of hybrid financial instruments (e.g. convertible debt), with American-style conversion options, which may be significantly affected by these amendments.
Contact us if you have additional questions.
Source BDO Global
