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EU formally adopts IFRIC 19

  • European Union (old) Image

26 Jul 2010

The European Union has published the Commission Regulation (EC) No 662/2010 endorsing IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments.

The Interpretation applies when a debtor extinguishes a liability fully or partly by issuing equity instruments to the creditor. IFRIC 19 addresses only the accounting by the entity that issues the equity instruments; it does not address the accounting by the creditor (lender).

Currently only two IASB pronouncements await endorsement action.

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.