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IAS 39/IAS 32 — Debt to equity swaps


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

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

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.