Please read our cookie notice for more information
on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.
IFRS in Focus — IASB amends IFRS 1 for government loans at below-market rates of interest
15 Mar 2012
This newsletter describes the amendments to IFRS 1First-time Adoption of International Financial Reporting Standards addressing how a first-time adopter of IFRSs would account for a government loan with a below-market rate of interest at the date of transition.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about for a more detailed description of DTTL and its member firms.