OpenLegislation

Division Current liabilitiesF1

United Kingdom Repealed

Original text. Later amendments are not shown.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  1. 69An entity shall classify a liability as current when:
  2. 70Division 70
  3. 71Division 71
  4. 72An entity classifies its financial liabilities as current when they are due to be settled within twelve months after the reporting period, even if:
  5. 73Division 73
  6. 74Division 74
  7. 75Division 75
  8. 76In respect of loans classified as current liabilities, if the following events occur between the end of the reporting period and the date the financial statements are authorised for issue, those events are disclosed as non-adjusting events in accordance with IAS 10 Events after the Reporting Period:

Annotations

Textual amendments

F1

Regulation revoked (31.12.2020) by The International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/685), reg. 1(2), Sch. 2 para. 6 (with reg. 20(2)) (as amended by S.I. 2020/335, regs. 1, 5); 2020 c. 1, Sch. 5 para. 1(1)