IAS Plus Newsletter — IFRIC's D23 (Distributions of Non-cash Assets) and D24 (Assets Contributed by Customers)
Published on:
Feb 05, 2008
IFRIC releases draft Interpretations on accounting for distributions and contributions
On 17 January 2008, the International Financial Reporting Interpretations Committee (IFRIC) issued two new draft Interpretations:
•addresses the accounting by entities that distribute non-cash assets as dividends to their
owners; and
•the accounting for the receipt of contributions of property, plant and equipment (or cash)
that must be used to provide access to a supply of goods or services to customers.
The IFRIC invites comments on these draft Interpretations by 25 April 2008.
IFRIC Draft Interpretation D23: Distributions of Non-cash Assets to Owners – whichIFRIC Draft Interpretation D24: Customer Contributions – which gives guidance on
