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.

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.

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.