 Reclassification
of Short-term Obligations Expected to be Refinanced (FAS
No.6, Interpretation No. 8) |
Illustrations
of Fas No. 6, Int. No. 8) |
| International
Financial Reporting Standards: An entity classifies its financial liabilities as current when they are due to be settled within 12 months after the balance sheet date even if (IAS 1.63): The
original term was for a period longer thantwelve months and An agreement
to refinance, or to reschedulepayments, on a long-term basis is completed after the balance sheet date and before the financial statements are authorised for issue |
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