IAS 32 – Members' shares in co-operative entities
In response to a request from the IASB, the IFRIC considered the issue of whether members' shares in co-operative banks and similar co-operative entities should be classified as liabilities or as equity under IAS 32 Financial Instruments: Presentation.
Current status of the project
This project has been completed. IFRIC 2 Members' Shares in Co-operative Entities and Similar Instruments was issued on 25 November 2004.
|30 June 2004||Draft Interpretation D8 Members' Shares in Co-operative Entities published||Comment deadline 13 September 2004|
|25 November 2004||IFRIC 2 Members' Shares in Co-operative Entities and Similar Instruments issued||Effective for annual periods beginning on or after 1 January 2005|