This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

EFRAG publishes a summary of responses to its DP on the impairment and recycling of equity instruments

  • EFRAG document (dk green) Image

30 Aug 2018

The European Financial Reporting Advisory Group (EFRAG) has published a summary of responses to its discussion paper 'Equity Instruments — Impairment and Recycling'.

EFRAG published its DP in March 2018 to gather constituents' views in relation to questions raised by the European Commission related to the accounting for equity instruments which are carried at FVOCI.

The summary of responses describe the main messages and key themes identified from the 53 comment letters received on the DP, and include:

  • The desire to wait for the IASB's post-implementation review of IFRS 9 before suggesting changes and/or that changes should be agreed with the IASB and not introduced at the European level.
  • The reintroduction of recycling would improve the depiction of financial performance of long-term investors.
  • Recycling should be accompanied by an impairment model.
  • The preferred impairment model would be similar to IAS 39.

A press release and the summary of responses are available on the EFRAG website.

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.