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IFRS news, February 2020

The document presents a narrow-scope amendment to IAS 1, ‘Presentation of Financial Statements’, issued by IASB, to clarify that liabilities are classified as either current or non-current, depending on the rights that exist at the end of the reporting period. 

The document also presents the rate of interest paid on the collateral on certain Euro-denominated collateralised derivatives, in connection with reforms to EONIA, which is expected to be reduced.

In this issue

  • Classification of Liabilities as Current or Non-current (Amendment to IAS 1)
  • One-off cash compensation on collateralised derivatives due to the transition from EONIA to €STR: accounting impact on derivatives valuation and hedge accounting

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