CERTYNEX IFRS ACADEMY

Peldis's reconciliation moves from opening to closing showing only drawdowns and repayments; the residual difference of 300,000, due to new leases, is included in repayments. What is the error?

Leases must be excluded from the reconciliation.

New leases are a non-cash change to present separately.

There is no error as long as the closing balance is right.

The 300,000 must be added to drawdowns.