BC38H As part of its improvements project in 2007, the Board identified inconsistent guidance regarding the current/non‑current classification of derivatives. Some might read the guidance included in paragraph 71 as implying that financial liabilities classified as held for trading in accordance with IAS 39 Financial Instruments: Recognition and Measurement [IFRS 9 Financial Instruments replaced IAS 39. IFRS 9 applies to all items that were previously within the scope of IAS 39. This paragraph refers to matters relevant when IAS 1 was issued.] are always required to be presented as current.

BC38I The Board expects the criteria set out in paragraph 69 to be used to assess whether a financial liability should be presented as current or non‑current. The ‘held for trading’ category in paragraph 9 of IAS 39 [IFRS 9 Financial Instruments replaced IAS 39. IFRS 9 applies to all items that were previously within the scope of IAS 39. This paragraph refers to matters relevant when IAS 1 was issued.] is for measurement purposes and includes financial assets and liabilities that may not be held primarily for trading purposes.