Primary References

  • IAS 1 Presentation of Financial Statements (as revised in 2007)
  • IAS 27 Consolidated and Separate Financial Statements
  • IAS 37 Provisions, Contingent Liabilities and Contingent Assets


  • IFRIC D23 issued 17 January 2008. Click for Press Release (PDF 44k).
  • Comment deadline 25 April 2008
  • The draft Interpretation is available publicly on the IASB's Website during the comment period.
  • IFRIC Interpretation 17 Distributions of Non-cash Assets to Owners was issued 27 November 2008. Click for Press Release (PDF 51k).

Deloitte Letter of Comment on this Draft Interpretation

IFRIC Agenda Project Page

Important: IFRIC D23 resulted in the final IFRIC Interpretation 17, issued 27 November 2008. The information on this page reflects the IFRIC's discussions during the development of the final interpretation, including tentative decisions that were changed along the way. We have retained this page for historical purposes only.

Summary of IFRIC D23

The IFRIC was asked to provide guidance on how an entity should measure distributions of assets other than cash when it pays dividends to its owners acting in their capacity as owners. At present, International Financial Reporting Standards do not address the measurement of distributions to owners.

IFRIC D23 would apply to all types of distributions of non-cash assets with one exception. It would not apply to a distribution of an asset to another entity within the same consolidated group.

IFRIC D23 proposes that all types of distributions of non-cash assets would be measured at the fair value of the assets distributed. Therefore:

  • When an entity incurs an obligation to distribute non-cash assets to its owners (a dividend payable), it should measure the obligation at the fair value of the non-cash assets.
  • When an entity settles the dividend payable, it should recognise any difference between the carrying amount of the assets distributed and the carrying amount of the dividend payable in profit or loss.

Correction list for hyphenation

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