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Amendments to classification of liabilities as current or non-current
The IASB has issued amendments to IAS 1 Presentation of Financial Statements to clarify requirements for classifying liabilities as current or non-current.
On 23 January 2020, the International Accounting Standards Board (IASB or the Board) issued amendments to IAS 1 Presentation of Financial Statements (the amendments) to clarify the requirements for classifying liabilities as current or non-current.
In October 2022, the IASB issued amendments to IAS 1 Presentation of Financial Statements. The combined impact of the 2020 amendments and the 2022 amendments will have implication for practice. Therefore, this publication should be considered together with IFRS Developments Issue 209: IASB amends the requirements for classification of noncurrent liabilities with covenants which was issued in November 2022.