Loans payable
Loans payable are financial liabilities, other than short-term trade payables on normal credit terms.
IFRS Defintions
Loss allowance
The allowance for expected credit losses on financial assets measured in accordance with paragraph 4.1.2, lease receivables and contract assets, the accumulated impairment amount for financial assets measured in accordance with paragraph 4.1.2A and the provision for expected credit losses on loan commitments and financial guarantee contracts.
IFRS 9 Definition