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.


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