IFRIC 17 on distributions of non-cash assets

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

27 Nov 2008

The International Financial Reporting Interpretations Committee has issued IFRIC 17 'Distributions of Non-cash Assets to Owners'.

IFRIC 17 Distributions of Non-cash Assets to Owners clarifies that:

  • a dividend payable should be recognised when the dividend is appropriately authorised and is no longer at the discretion of the entity
  • an entity should measure the dividend payable at the fair value of the net assets to be distributed
  • an entity should recognise the difference between the dividend paid and the carrying amount of the net assets distributed in profit or loss
  • an entity to provide additional disclosures if the net assets being held for distribution to owners meet the definition of a discontinued operation.


  • applies to pro rata distributions of non-cash assets except for common control transactions.
  • is to be applied prospectively
  • is effective for annual periods beginning on or after 1 July 2009. Earlier application is permitted.


Click for the Press Release (PDF 51k).

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.