CERTYNEX IFRS ACADEMY

Sigma SA lists its obligations at 31 December to assess which are financial liabilities (case facts). Which of these obligations is not a financial liability, because it is not contractual?

A payable to a supplier whose order was accepted orally, without any written document signed by the parties.

Corporate income tax owed to the State, which arises from law, not from a contract.

A bank loan whose loan contract provides for repayment in cash on a fixed date.

A bond issued on the market and repayable in cash at maturity.