Classification of non-current liabilities with covenants – proposed amendments

This ED clarifies how to treat liabilities that are subject to covenants to be complied with, at a date subsequent to the reporting period.

On 19 November 2021, the International Accounting Standards Board (IASB) issued IFRS Standards Exposure Draft ED/2021/9 Non-current Liabilities with Covenants, Proposed Amendments to IAS 1 (the ED) which clarifies how to treat liabilities that are subject to covenants to be complied with, at a date subsequent to the reporting period.

The comment period for the ED ends on 21 March 2022.