Last Updated on 02/03/2020 by 75385885

IFRIC 17 Distributions of Non-cash Assets to Owners

References

• IFRS 3 Business Combinations (as revised in 2008)
• IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
• IFRS 7 Financial Instruments: Disclosures
• IFRS 10 Consolidated Financial Statements
• IFRS 13 Fair Value Measurement
• IAS 1 Presentation of Financial Statements (as revised in 2007)
• IAS 10 Events after the Reporting Period

Background

1 Sometimes an entity distributes assets other than cash (non-cash assets) as dividends to its owners acting in their capacity as owners. In those situations, an entity may also give its owners a choice of receiving either non-cash assets or a cash alternative. The IFRIC received requests for guidance on how an entity should account … Read more