Loan from shareholders - Disclosure in the financials

[Huzaifa]

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 place depicting the monthly installments for the loan granted by the shareholders
- The loan is interest-free

My question is should I consider this as an equity item as the loan has been granted by the shareholders of the company or segregate it into a normal current & non - current liability arrangement & what would be an appropriate disclosure as per IAS 24 - Related parties?

[JRSB]

Yes related party disclosure, split current vs non-current as with any other loan, and since you're suggesting there's a non current element there's probably an inferred capital contribution by reference to what market market would be.

[Marek Muc]

See the second example in https://ifrscommunity.com/knowledge-bas ... ate-loans/