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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Provisions, contingent liabilities and contingent assets: recognise provisions only for present obligations when outflow is probable and estimable.</h1> The Standard requires recognition of a provision only when a present obligation from a past event exists, an outflow of resources is probable and a reliable estimate can be made; contingent liabilities and contingent assets are not recognised but disclosed (subject to remoteness and prejudice exceptions). Provisions are measured as the best estimate before tax, with limited discounting for decommissioning-type liabilities; reimbursements are recognised as separate assets only when virtually certain.

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