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Hi, I want to know if I should disclose a loan from shareholders in the financials breaking it down into current & non-current liability - The details are as follows - - This loan has specifically been given as finance for purchasing 2 vehicles for the company. - There is a proper contract in pl...

This bank guarantee has been taken against the share capital that needs to be maintained mandatorily as per the local laws of UAE - The amount that the bank has guaranteed is AED 3,000,000. Should this be considered a contingent liability & disclosed in the notes to the financial statements?

Is bank guarantee a contingent liability & is it supposed to be disclosed as per IAS 37 in the financials if this bank guarantee has been given by the bank for the company whose financials are being prepared, also this bank guarantee is not provided for any contract with the customers.