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  • IFRB-2021-06


17 February 2021

BDO has released IFR Bulletin 2021/06 summarising the current requirements of #IFRS for classifying liabilities as current or non-current. COVID19 has resulted in significant financial difficulties for many entities, which has raised questions about how financial liabilities like bank loans should be classified. The publication includes over a dozen examples of how entities should classify liabilities, including the effects of covenants, changes to covenants, rollover provisions, convertible notes and other common scenarios should be accounted for.