In 20X1 Lescure discounted a payment deferred for 3 years at a rate of 6%. As market rates rose sharply in 20X2, it must revise this rate at the 20X2 reporting date.
In 20X1 Lescure discounted a payment deferred for 3 years at a rate of 6%. As market rates rose sharply in 20X2, it must revise this rate at the 20X2 reporting date.