CERTYNEX IFRS ACADEMY

Isarne operates a quarry in a country where no law requires sites to be restored. In September 20X5, its chairman publicly announces, with figures and a timetable, that Isarne will restore the areas already worked; the local press and elected officials report it. What is the position at 31 December 20X5?

No obligation, as no law requires restoration.

An obligation that will arise only when restoration works start.

An obligation that also covers the areas to be worked in the coming years.

A constructive obligation to restore the areas already worked.