IAS 39 — Scope of IAS 39 paragraph 11A

Date recorded:

The IFRIC discussed whether it should develop guidance about whether paragraph 11A of IAS 39 Financial Instruments: Recognition and Measurement could be applied to all contractual arrangements that contain one or more embedded derivatives, in particular whether IAS 39 paragraph 11A can be applied to hybrid contracts that contain financial or non-financial hosts that are outside the scope of IAS 39. An alternative view is that IAS 39 paragraph 11A can only be applied to hybrid contracts with hosts that are within the scope of IAS 39.

The IFRIC agreed with the staff analysis that IAS 39 paragraphs 11 and 11A should be read in light of the scope of IAS 39 and that was sufficient guidance in the Standard to answer the issue. The IFRIC reached a tentative decision not to add this item to its agenda. The staff was asked to adapt its analysis for inclusion in the tentative agenda decision.

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