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IFRIC draft interpretation on waste equipment

  • IFRIC (International Financial Reporting Interpretations Committee) (blue) Image

26 Nov 2004

The International Financial Reporting Interpretations Committee (IFRIC) has invited comments on draft interpretation IFRIC D10 'Liabilities Arising from Participating in a Specific Market - Waste Electrical and Electronic Equipment'.

D10 clarifies when original producers of electrical goods will need to recognise a liability for the cost of waste management relating to final disposal of waste electrical and electronic equipment by private households.

The IFRIC concluded that the event giving rise to the liability for costs of such waste is participation in the market in the period in which the original seller's market share is determined for the purposes of allocating ultimate waste management costs. It's not the original production or sale of the equipment that triggers liability recognition.

Comments are due by 11 February 2005.  Click for Press Release (PDF 24k).


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