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New IAS Plus newsletter on IFRIC 9

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12 Mar 2006

We have posted a new Reassessment of Embedded Derivatives (PDF 58k).

IFRIC 9 addresses two questions, and answers them as follows:

Q: Does an entity have to reconsider its assessment of whether an embedded derivative needs to be separated after initial recognition of the hybrid contract? A: No. In fact, it may not do so unless there is a significant change in the terms of the hybrid contract.

Q: Should a first-time adopter of IFRSs determine whether an embedded derivative needs to be separated (a) when the entity first became a party to the hybrid contract or (b) when the entity adopts IFRSs for the first time? A: (a) - make the assessment on the basis of conditions existing when the entity became party to the hybrid contract, not when it adopts IFRSs. The newsletter includes two examples. You can find our Past IAS Plus Newsletters Here.

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