June 2014 Minco (c)

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May 8, 2018 at 12:50 pm #450580
sss111
Member
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Why can’t we treat the possible payments as financial liabilities ?

Minco do have contractual obligation to deliver cash right ?
May 10, 2018 at 8:51 pm #451133
P2-D2
Keymaster
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Hi,

We are accounting for uncertainty with regards to estimating the amount that the repairs would cost, so we would account for the item under IAS 37.

Thanks
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