IFRIC 12 on service concessions endorsed for use in the EU
26 Mar 2009
The European Commission has endorsed IFRIC 12 'Service Concession Arrangements' for use in the European Union.
In doing so, however, the mandatory effective date was changed from annual periods beginning on or after 1 January 2008 in IFRIC 12 to an entity's first financial year starting after 29 March 2009 in the EU-endorsed version, but with earlier adoption permitted. The endorsed version was published in the Official Journal of 26 March 2009 (PDF 73k).
