Under IFRS, even if the entity plans to refinance long$-$term debt, the current

portion must be reported as a current liability UNLESS

management intends to discharge the debt by issuing shares.

at the statement of financial position date, the entity expects to

refinance under an existing agreement for at least a year, and the

decision is solely at its discretion.

long$-$term financing has been completed after the statement of

financial position date, but before the financial statements are

released.

management intends to refinance the debt on a long$-$term basis.