IFRIC proposal on distributions of non-cash assets to owners
17 Jan 2008
The International Financial Reporting Interpretations Committee (IFRIC) has released for public comment a draft Interpretation, D23 'Distributions of Non-cash Assets to Owners'.
IFRIC D23 would apply to all types of distributions of non-cash assets with one exception. It would not apply to a distribution of an asset to another entity within the same consolidated group. IFRIC D23 proposes that all types of distributions of non-cash assets would be measured at the fair value of the assets distributed. Therefore:
IFRIC D23 proposes:
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The Interpretation, if finalised, would apply prospectively, that is, to future distributions. The deadline for comments is 25 April 2008.
Click for:
- Press Release (PDF 44k).
- More Information about IFRIC D23