Non-current Liabilities with Covenants
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Law - debt documentation - loan documentation - bond documentation - covenants - financial reporting - international financial reporting standards (IFRS) - IAS 1.
"Non-current Liabilities with Covenants" is an amendment to IAS, Presentation of Financial Statements.
It is mandatory for reporting periods beginning on or after 1 January 2024.
The amendments increased the information a reporting entity must provide when its right to defer settlement of a liability for at least twelve months is subject to compliance with covenants.
The amendments also responded to stakeholders’ concerns about the classification of such liabilities as current or non-current.
A greater number of related liabilities are now classified as current liabilities.
See also
- Acceleration
- Accounting exposure
- Asset cover
- Bond
- Breach of covenant
- Compliance
- Contingent covenant
- Contract
- Covenant
- Covenant trigger
- Credit risk
- Current liabilities
- Default
- Documentation
- Event of default
- Financial covenant
- Financial reporting
- Grace period
- Headroom
- Incurrence covenant
- Interest cover
- IAS 1
- Loan
- Loan agreement
- Maintenance covenant
- Net worth
- Non-current liabilities
- Non-financial covenant
- Restrictive covenant
- Term
- Trigger event
- Waiver
- Warranty
