The Commission Regulation (EU) No 2023/2822 of 19 December 2023, published in the Official Journal of the European Union L series on 20 December 2023, adopts amendments to IAS 1 Presentation of Financial Statements.

The amendments improve the information a company should provide when its right to defer settlement of a liability for at least 12 months is subject to covenants.

Each company shall apply the amendments, at the latest, as from the commencement date of its first financial year starting on or after 1 January 2024.