07-10-2009, 07:45 PM
Dividend declared but not paid <b>before</b> the reporting year-end will be included in the Current Liability.
If an entity declares dividends <b>after</b> the reporting period, the entity shall not recognise those dividends as a liability at the end of the reporting period. That is a non-adjusting event. [IAS 10.12]
However this fact should be disclosed in the notes, unless it is immaterial.
If an entity declares dividends <b>after</b> the reporting period, the entity shall not recognise those dividends as a liability at the end of the reporting period. That is a non-adjusting event. [IAS 10.12]
However this fact should be disclosed in the notes, unless it is immaterial.
