IAS 32 — Members' shares in co-operative entities
Background
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.
Project milestones
Date | Development | Comments |
---|---|---|
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 |