Related Discussions

• IAS 1 and IAS 12 — Presentation of payments on non-income taxes

• Jul 10, 2012

• The IFRS Interpretations Committee received a request seeking clarification of whether production-based royalty payments payable to one taxation authority that are claimed as an allowance against taxable profit for the computation of income tax payable to another taxation authority should be presented as an operating expense or a tax expense in the statement of comprehensive income.

• IAS 1 — Current /non-current classification of a callable term loan

• Nov 04, 2010

• The Committee received a request on the classification of a liability as current or non-current when the liability is not scheduled for repayment within twelve months after the reporting period, but may be callable by the lender at any time without cause.

• IAS 1 — Going concern disclosure

• Jul 08, 2010

• The Committee received a request for guidance on the disclosure requirements in IAS 1 'Presentation of Financial Statements' on uncertainties related to an entity’s ability to continue as a going concern.

• IAS 1/IAS 39 — Current or non-current presentation of derivatives classified as ‘held for trading’ under IAS 39

• May 05, 2007

• The IFRIC was asked to provide guidance on whether derivatives that are classified as held for trading in accordance with IAS 39 'Financial Instruments: Recognition and Measurement' should be presented as current or non-current in the balance sheet. Such derivatives may be settled more than one year after the balance sheet date.

• IAS 1 — Whether the liability component of a convertible instrument should be classified as current or non-current

• Nov 01, 2006

• The IFRIC was asked to consider a situation in which an entity issued convertible financial instruments that, in accordance with IAS 32 'Financial Instruments: Presentation', were accounted for as two elements — an equity component and a liability component. The issue was whether the liability component should be presented as current or non-current on the face of the issuer’s balance sheet.

• IAS 1 — Comparatives for prospectuses

• Jun 02, 2005

• The IFRIC considered whether to amend requirements in IAS 1.36 relating to comparative information, because of perceived practical problems in complying with EU requirements for prospectuses.

• IAS 1 — Normal operating cycle

• Jun 02, 2005

• The IFRIC considered an issue regarding the classification of current and non-current assets by reference to an entity’s normal operating cycle. It was asked whether the guidance in IAS 1.57(a) was applicable only if an entity had a predominant operating cycle.

• IAS 1 Operating and Ordinary Activities

• Feb 05, 2003