IAS 17 – Sales and leasebacks with repurchase rights
Background
IFRIC considered whether a sale should be recognised in a sale and leaseback containing a repurchase agreement (including an option), if the seller retains significant risks or rewards under the repurchase agreement.
Current status of the project
After initial deliberations in May 2004, IFRIC formally removed this issue from its agenda at its March 2007 meeting.