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EFRAG proposes to support IFRIC 12 on service concessions

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

13 Feb 2007

The European Financial Reporting Advisory Group has invited comment on its draft letter to the European Commission proposing to endorse IFRIC 12 Service Concession Arrangements for use in Europe.

EFRAG reached that decision after discussion that included a special meeting on 23 January 2007. Here is a link to download EFRAG's Draft Comment Letter (DOC 132k). Comments are requested by 28 February 2007. Four EFRAG members have concerns about IFRIC 12 that cause them to believe that EFRAG should not recommend the Interpretation for endorsement. Those members' reasoning is explained in an appendix to the draft letter.

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