NOFA Foundation has completed the expert review of IFRS document «Non-current Liabilities with Covenants. Amendments to IAS 1» for expert review of its applicability in the Russian Federation.

On the basis of the performed expert review the applicability of the document of the International Financial Reporting Standards in the territory of the Russian Federation was confirmed.

The expert review was conducted in accordance with the procedure established by the Regulation on the Recognition of International Financial Reporting Standards and Interpretations of International Financial Reporting Standards for Application in the Russian Federation, approved by Decree of the Government of the Russian Federation dated 25 February 2011 N 107, and the Agreement between the Ministry of Finance of the Russian Federation and the NOFA Foundation.