(4)During the implementation of those amendments to IAS 1, some stakeholders asked the IASB to clarify how a company should classify a liability arising from a loan arrangement with covenants as current or non-current. In response, the IASB issued further amendments to IAS 1 on 31 October 2022. Those amendments also improve the information a company should provide when its right to defer settlement of a liability for at least 12 months is subject to covenants.