Skip to main content
IFRS Academy

CERTYNEX IFRS ACADEMY

Search the Academy

Home
My learning path
Exercises & quizzes
Cases
Workpapers
Exams
My progress

CalculationAdvancedVariant — group VG.IAS37.000019Published

Question · Disclosure of provisions

For its "litigation and contractual warranties" class, Wimerane has: opening balance 1,150,000; new provisions 260,000; reversals of unused amounts 90,000; unwinding and effect of the change in the discount rate 41,000; closing balance 1,018,000. What amount of provisions used must appear in the reconciliation?

Opening balance
1,150,000
New provisions
260,000
Reversals of unused amounts
90,000
Unwinding and rate effect
41,000
Closing balance
1,018,000
Your answer

← Back to the concept