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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).

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