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SIC Interpretations

SIC Interpretations were previously issued by the Standard Interpretations Committee (SIC), and were subsequently endorsed by the International Accounting Standards Board (IASB). The IFRS Interpretations Committee has reissued Interpretations in this series if it considers it necessary.

#NameIssued
SIC-1 Consistency – Different Cost Formulas for Inventories
Superseded
1997
SIC-2 Consistency – Capitalisation of Borrowing Costs
Superseded
1997
SIC-3 Elimination of Unrealised Profits and Losses on Transactions with Associates
Superseded
1997
SIC-5 Classification of Financial Instruments - Contingent Settlement Provisions
Superseded
1998
SIC-6 Costs of Modifying Existing Software
Superseded
1998
SIC-7 Introduction of the Euro 1998
SIC-8 First-Time Application of IASs as the Primary Basis of Accounting
Superseded
1998
SIC-9 Business Combinations – Classification either as Acquisitions or Unitings of Interests
Superseded
1998
SIC-10 Government Assistance – No Specific Relation to Operating Activities 1998
SIC-11 Foreign Exchange – Capitalisation of Losses Resulting from Severe Currency Devaluations
Superseded
1998
SIC-12 Consolidation – Special Purpose Entities
Superseded by IFRS 10 and IFRS 12 effective 1 January 2013
1998
SIC-13 Jointly Controlled Entities – Non-Monetary Contributions by Venturers
Superseded by IFRS 11 and IFRS 12, effective for annual periods beginning on or after 1 January 2013
1998
SIC-14 Property, Plant and Equipment – Compensation for the Impairment or Loss of Items
Superseded
1998
SIC-15 Operating Leases – Incentives 1999
SIC-16 Share Capital – Reacquired Own Equity Instruments (Treasury Shares)
Superseded
1999
SIC-17 Equity – Costs of an Equity Transaction
Superseded
2000
SIC-18 Consistency – Alternative Methods
Superseded
2000
SIC-19 Reporting Currency – Measurement and Presentation of Financial Statements under IAS 21 and IAS 29
Superseded
2000
SIC-20 Equity Accounting Method – Recognition of Losses
Superseded
2000
SIC-21 Income Taxes – Recovery of Revalued Non-Depreciable Assets
Superseded by, and incorporated into, IAS 12 by amendments made by Deferred Tax: Recovery of Underlying Assets, effective for annual periods beginning on or after 1 January 2012
2000
SIC-22 Business Combinations – Subsequent Adjustment of Fair Values and Goodwill Initially Reported
Superseded
2000
SIC-23 Property, Plant and Equipment – Major Inspection or Overhaul Costs
Superseded
2000
SIC-24 Earnings Per Share – Financial Instruments and Other Contracts that May Be Settled in Shares
Superseded
2000
SIC-25 Income Taxes – Changes in the Tax Status of an Enterprise or its Shareholders 2000
SIC-27 Evaluating the Substance of Transactions in the Legal Form of a Lease 2000
SIC-28 Business Combinations – 'Date of Exchange' and Fair Value of Equity Instruments
Superseded
2001
SIC-29 Service Concession Arrangements: Disclosures 2001
SIC-30 Reporting Currency – Translation from Measurement Currency to Presentation Currency
Superseded
2001
SIC-31 Revenue – Barter Transactions Involving Advertising Services
Will be superseded by IFRS 15 as of 1 January 2017
2001
SIC-32 Intangible Assets – Web Site Costs 2001
SIC-33 Consolidation and Equity Method – Potential Voting Rights and Allocation of Ownership Interests
Superseded
2001

Note

The above table lists the most recent version (or versions if a pronouncement has not yet been superseded) of each pronouncement and the date that revisions was originally issued. Where a pronouncement has been reissued with the same or a different name, the date indicated in the above table is the date the revised pronouncement was reissued (these are indicated with an asterisk (*)). The majority of the pronouncements have also been amended through IASB or IFRS Interpretations Committee projects, for consequential amendments arising on the issue of other pronouncements, the annual improvements process, and other factors. Our page for each pronouncement has a full history of the pronouncement, its development, amendments and other information.

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.