Eviation Aircraft Ltd. | CIK:0001064411 | 3

  • Filed: 4/27/2018
  • Entity registrant name: Eviation Aircraft Ltd. (CIK: 0001064411)
  • Generator: GoXBRL
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1064411/000117891318001296/0001178913-18-001296-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1064411/000117891318001296/evtnf-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001064411
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    • ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory

    g.
    Provisions

    A provision is recognized if, as a result of a past event, the Group has a present legal or constructive obligation, and it is probable that an outflow of economic benefits, which can be estimated reliably, will be used to settle the obligation.

    The amount recognized as a provision, reflects management's best estimate of the amount required in order to settle the obligation on the balance sheet date, whilst taking into account the risks and uncertainties connected with the obligation. When the provision is measured using the forecasted cash flows in order to settle the liability, the book value of the provision is the present value of the forecasted cash flows.