Special edition IAS Plus Newsletter on IFRIC 12
10 Dec 2006
Deloitte's IFRS Global Office has published a special edition of our IAS Plus Newsletter titled IFRIC 12 Service Concession Arrangements.
IFRIC 12 addresses the accounting by private-sector entities that, by contract with a government, participate in developing, financing, operating, and maintaining infrastructure assets relating to public services traditionally provided by governments. Examples of those assets include roads, bridges, tunnels, prisons, hospitals, airports, water distribution facilities, energy supply and telecommunication networks. IFRIC 12 does not address the accounting for the government (grantor) side of such arrangements. IFRIC 12 is effective for annual periods beginning on or after 1 January 2008, with early adoption permitted. Click for Special Edition (PDF 128k). You will find all Past IAS Plus Newsletters Here.
