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Remeasurement of provisions [IAS 37.59]
•    Review and adjust provisions at each balance sheet date
•    If an outflow no longer probable, provision is reversed.
then my question is;
- If an outflow 100% sure
 Can the provision be taken as a liability?
in IAS 37 - Provisions, Contingent Liabilities and Contingent Assets by Level 1 Member (1.6k points)

1 Answer

0 votes
In my opinion `Yes' of course. Moment the outflow is 100% sure, the item is crystalized Liability and No question of retaining in `Provision'
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