CERTYNEX IFRS ACADEMY

In which case is a financial liability removed from the statement of financial position under IFRS 9?

When the entity intends to repay it at its next contractual due date.

When the contractual due date has passed, whether or not the payment has been made.

When it is extinguished, that is, when the obligation is discharged, cancelled or expired.

When the entity sets funds aside to repay it, while remaining the debtor of the debt.