IFRS9=9 short term rent deposit - need to discount?
Posted: 08 Aug 2021, 18:34
We have a new rent deposit with a serviced office which is currently on a short term agreement - should I be discounting this under IFRS 9 receivables? Is there a certain length of time or materiality level that I have not spotted in the technical guidance which allows me not to do this? We have a few longer term deposits as well and it takes a disproportionate time to do this given the P&L impact is immaterial so I only want to do this if I have to. Thank you to anyone who can help guide me.