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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

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.