IAS 12 — Single asset entities

Date recorded:


The IFRIC considered the application of IAS 12 to single asset entities, and whether the expected manner of recovery of the asset should in any circumstances reflect disposal of the entity rather than the asset.


Decision not to add

November 2005



The IFRIC decided not to take this item onto its agenda because the issue falls directly within the scope of the IASB’s short-term convergence project on income taxes with the FASB. An exposure draft is expected in 2006.


IFRIC reference: IAS 12-4

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.