This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IFRIC 12 — Scope

Date recorded:

In March and April 2009 the IFRIC received two requests for guidance on the application of IFRIC 12 Service Concession Arrangements. One focuses on one of the criteria for determining whether an arrangement is within the scope of the Interpretation. The other requests guidance on the application of the Interpretation to other features of the arrangement.

In the staff's view, the issues raised in the submissions are already sufficiently addressed in the Interpretation to prevent divergence from emerging in practice. In addition, the staff is of the opinion that the issues raised call for implementation guidance rather interpretation.

All IFRIC members except one agreed with the staff recommendation.

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.