IASB posts 'near-final' service concessions draft

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25 Oct 2006

The IASB has made the Near-final Draft of IFRIC 11 Service Concession Arrangements available on its website.

It is our current understanding that the IASB will invite those constituents who commented on the draft interpretations (D12, D13, and D14) to attend a public meeting in November during the Board meeting week (week of 13 November 2006) to provide comments on the posted draft. The IASB expects to approve the final interpretation later that week. There is no public call for comments on the IASB website. Our Project Page has details of IFRIC's deliberations on service concessions over the past three years. The Deloitte Observer Notes from the Board's October 2006 meeting stated:

IFRIC X Service Concession Arrangements

At its September 2006 meeting the IFRIC decided to present the revised draft text of IFRIC X Service Concession Arrangements to the Board as a final draft and that the Board should be asked for approval to issue the Interpretation (see our Report of This Meeting elsewhere on www.iasplus.com.

The Board briefly discussed the revised draft text without making other than editorial changes to it.

The Board unanimously supported the revised draft. It was decided to post the revised draft on the IASB website and to give constituents an opportunity to comment on it within a short comment period. The Board intends to approve a final Interpretation at its November 2006 meeting.

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