The IASB has published for public comment the Exposure Draft “Onerous Contracts—Cost of Fulfilling a Contract”. The ED proposes amendments to IAS 37 Provisions, Contingent Liabilities and Contingent Assets to specify which costs a company should include when assessing whether a contract will be loss-making.

The deadline for commenting on the proposals is 15 April 2019.

For further information please refer to the IASB website.