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IAS 37 – Measurement of liabilities under IAS 37 within the context of emission trading schemes

Date recorded:

The project manager introduced the papers which related to a request for clarification received by the IC to clarify the measurement of a liability under IAS 37 Provisions, Contingent Liabilities and Contingent Assets that arises from an obligation to deliver allowances in an emission trading scheme. The request asked whether the measurement of the liability for the obligation to deliver allowances should reflect the current values of allowances at the end of each reporting period if IAS 37 was applied to the liability. The request noted that this was the basis required by IFRIC 3 Emission Rights, which was withdrawn in June 2005.

The IC discussed this issue in January 2014 when it decided not to add this issue to the agenda because this issue is too broad for it to deal with. The staff recommended to finalise the agenda decision without modifications to the wording except for some minor editorial changes.


No significant comments were made. IC members agreed with the staff recommendation and to finalise the agenda decision.

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