CERTYNEX IFRS ACADEMY

Tortara, a manufacturer, presents net the drawdowns and repayments of its 5-year bank loans, “because the amounts are large”. What is the error?

There is no error, the large-amount criterion being met for each drawdown and each repayment.

5-year loans have neither quick turnover nor short maturity: gross presentation.

These flows must be presented as operating.

Only repayments must be presented.