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.

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