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IAS 32 — Members' shares in co-operative entities


In response to a request from the IASB, the IFRIC considered the issue of whether members' shares in co-operative banks and similar co-operative entities should be classified as liabilities or as equity under IAS 32 Financial Instruments: Presentation.


Current status of the project

This project has been completed. IFRIC 2 Members' Shares in Co-operative Entities and Similar Instruments was issued on 25 November 2004.


Project milestones

30 June 2004 Draft Interpretation D8 Members' Shares in Co-operative Entities published Comment deadline 13 September 2004
25 November 2004 IFRIC 2 Members' Shares in Co-operative Entities and Similar Instruments issued Effective for annual periods beginning on or after 1 January 2005

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.