CERTYNEX IFRS ACADEMY

After the reporting period, Vraistine's main lender demands early repayment of a loan; refinancing is at an advanced stage of negotiation. Management concludes that the going concern assumption remains appropriate, with a material uncertainty. Which treatment applies?

Going concern basis kept, with no disclosure, the event being after the reporting period.

Going concern basis abandoned, since a material uncertainty exists.

Going concern basis kept, with the disclosures about the material uncertainty required by IAS 1.

Authorisation of the accounts postponed until the refinancing is concluded.