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.
# | Name | Issued |
---|---|---|
SIC-1 | Consistency – Different Cost Formulas for Inventories Superseded |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SIC-2 | Consistency – Capitalisation of Borrowing Costs Superseded |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SIC-3 | Elimination of Unrealised Profits and Losses on Transactions with Associates Superseded |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SIC-5 | Classification of Financial Instruments - Contingent Settlement Provisions Superseded |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SIC-6 | Costs of Modifying Existing Software Superseded |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SIC-8 | First-Time Application of IASs as the Primary Basis of Accounting Superseded |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SIC-9 | Business Combinations – Classification either as Acquisitions or Unitings of Interests Superseded |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SIC-11 | Foreign Exchange – Capitalisation of Losses Resulting from Severe Currency Devaluations Superseded |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SIC-12 | Consolidation – Special Purpose Entities Superseded by IFRS 10 and IFRS 12 effective 1 January 2013 |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SIC-13 | Jointly Controlled Entities – Non-Monetary Contributions by Venturers Superseded by IFRS 11 and IFRS 12, effective for annual periods beginning on or after 1 January 2013 |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SIC-14 | Property, Plant and Equipment – Compensation for the Impairment or Loss of Items Superseded |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SIC-16 | Share Capital – Reacquired Own Equity Instruments (Treasury Shares) Superseded |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SIC-17 | Equity – Costs of an Equity Transaction Superseded |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SIC-18 | Consistency – Alternative Methods Superseded |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SIC-19 | Reporting Currency – Measurement and Presentation of Financial Statements under IAS 21 and IAS 29 Superseded |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SIC-20 | Equity Accounting Method – Recognition of Losses Superseded |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SIC-21 | Income Taxes – Recovery of Revalued Non-Depreciable Assets Superseded by, and incorporated into, IAS 12 by amendments made by Deferred Tax: Recovery of Underlying Assets, effective for annual periods beginning on or after 1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SIC-22 | Business Combinations – Subsequent Adjustment of Fair Values and Goodwill Initially Reported Superseded |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.