Greetings Marek and all.
I want to clarify if deferred tax asse/liability should be considered in determining changes in working capital while calculating free cash flow for VIU determination in order to test for impairment?
Thanks.
Consider or do not consider deferred tax asset/liability in calculating changes in working capital for VIU calculation
Re: Consider or do not consider deferred tax asset/liability in calculating changes in working capital for VIU calculati
Thank you Marek.
For instance I see deferred tax asset classified under current assets on the SoFP. I think (but not sure) it should form part of working capital definition.
cheers.
For instance I see deferred tax asset classified under current assets on the SoFP. I think (but not sure) it should form part of working capital definition.
cheers.
Re: Consider or do not consider deferred tax asset/liability in calculating changes in working capital for VIU calculati
Interesting, why a current asset despite the explicit requirement in IAS 1.56?
When an entity presents current and non-current assets, and current and non-current liabilities, as separate classifications in its statement of financial position, it shall not classify deferred tax assets (liabilities) as current assets (liabilities).