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Newsletter on IFRIC 19 on debt-equity swaps

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06 Dec 2009

Deloitte's IFRS Global Office has published an IAS Plus Update Newsletter – IFRIC Clarifies Accounting for Debt for Equity Swaps.

On 26 November 2009, the International Financial Reporting Interpretations Committee issued IFRIC Interpretation 19 Extinguishing Liabilities with Equity Instruments following its approval by the IASB. IFRIC 19 applies when a debtor extinguishes a liability fully or partly by issuing equity instruments to the creditor. It is effective for annual periods beginning on or after 1 July 2010. This IAS Plus Update newsletter explains IFRIC 19 and provides three computational examples. Past issues of all of our IFRS newsletters are Here.


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