IASB amendments to IAS 7 and IFRS 7 for supplier finance arrangements.

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EY Global CRS
26 May 2023 PDF
Subject IFRS technical resources
Categories Financial instruments Other IFRS Presentation of financial statements

Entities will have to disclose the effects of supplier finance arrangements on their liabilities, cash flows and exposure to liquidity risk.

In May 2023, the International Accounting Standards Board issued amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures. With the amendments, the IASB has introduced new disclosure requirements in IFRS Standards to enhance the transparency and, thus, the usefulness of the information provided by entities about supplier finance arrangements.

The amendments will be effective for annual reporting periods beginning on or after 1st January 2024, with early application permitted.

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