In its final comment letter, EFRAG:
- supports the objective to provide information on the period-on-period movements in debts but expresses dissatisfaction with the piecemeal approach to modifying current guidance and introducing prescriptive guidance without first establishing objectives for the disclosures;
- calls for principle-based objectives for the proposed disclosures and for sufficient flexibility to allow entities to exercise judgement in deciding the components of their liabilities to reconcile; and
- does not support the proposed disclosures about restrictions on cash and cash equivalent balances and encourages the IASB to provide clarifications to the existing Standards, rather than introduce additional disclosure requirements.