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Deloitte comment letter on written put options

  • Deloitte Comment Letter Image

05 Sep 2012

Deloitte's IFRS Global Office has submitted a letter of comment to the International Accounting Standards Board (IASB) on Draft IFRIC Interpretation DI/2012/2 'Put Options Written on Non-controlling Interests'.

Whilst we agree that the draft Interpretation provides an appropriate analysis of the IFRS literature, we believe the IASB should consider standard-setting activity in this area to ensure that financial statements present relevant information about such transactions.

The comment letter notes the following:

Specifically, we believe that the Board should reconsider its decision to reject the Committee’s recommendation to remove NCI puts from the scope of IAS 32 Financial Instruments: Presentation and to account for them as derivatives in accordance with IAS 39 Financial Instruments: Recognition and Measurement or IFRS 9 Financial Instruments.

Please click for access to our comment letter.

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