UKEB adopts Supplier Finance Arrangements: Amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures

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Published: 4 December 2023

Published on behalf of the UKEB

The UKEB has adopted Supplier Finance Arrangements: Amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures (the Amendments), issued by the IASB in May 2023. The Amendments complement the existing disclosure requirements in IFRS Accounting Standards and are aimed at providing users of financial statements with information to assess the effect of supplier finance arrangements on an entity’s liabilities, cash flows and exposure to liquidity risk. The Amendments are effective for annual reporting periods beginning on or after 1 January 2024, with early application permitted.

The text of the UK-adopted international accounting standard for the Amendments can be found on our website.

For more information on the UKEB’s approach to this project visit our website.

We would like to thank all stakeholders who contributed to this project.