Classification of non-redeemable preference shares
Date recorded:
Issue
The issue was whether a plain vanilla non-redeemable preference share should be classified as a liability or equity.
Decision not to add
May 2004
Reason
The IFRIC agreed that there was sufficient application guidance on this issue in IAS 32/39, and recommended that the issue not be added to the IFRIC agenda.
IFRIC reference: IAS 39