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Paragraph 69a–d of IAS 1 states that liabilities are to be classified as current if any one of four specified conditions is met. One of the conditions is:
d) It does not have an unconditional right to defer settlement of the liability for at least 12 months after the reporting period.
Does this mean that if there is an option where the settlement of a trade payable can be deterred for more than 12 months, it should be made as a non current liability?
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