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IAS 39/IAS 32 — Debt to equity swaps

Background

IFRIC received a request for guidance on the application of IAS 39 Financial Instruments: Recognition and Measurement and IAS 32 Financial Instruments: Presentation when an entity issues its own equity instruments to extinguish all or part of a financial liability, i.e. how should an entity recognise the equity instruments issued?

 

Current status of the project

This project has been completed. IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments was issued on 26 November 2009.

 

Project milestones

DateDevelopmentComments
6 August 2009 IFRIC D25 Extinguishing Financial Liabilities with Equity Instruments published Comment deadline 5 October 2009
26 November 2009 IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments issued Effective for annual periods beginning on or after 1 July 2010

Related Discussions

  • IAS 32 — Debt to equity swaps

  • Nov 05, 2009

  • The IFRIC deliberated comment letters received to IFRIC Draft Interpretation D25 'Extinguishing Financial Liabilities with Equity Instruments'.

  • IAS 39 — Debt to equity swap in a restructuring

  • Aug 08, 2009

  • The IFRIC held a special meeting by teleconference to finalise and approve the consensus on the draft interpretation of IAS 39 regarding debt to equity swap. Thirteen members of the IFRIC were present on the call.

  • IAS 32 — Debt to equity swaps

  • Jul 09, 2009

  • IFRIC considered four issues related to when an entity issues its own equity instruments in settlement of debt in a restructuring

All Related