IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments

Last Updated on 12/02/2020 by 75385885

IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments

References

Background

1 A debtor and creditor might renegotiate the terms of a financial liability with the result that the debtor extinguishes the liability fully or partially by issuing equity instruments to the creditor. These transactions are sometimes referred to as ‘debt for equity swaps’. The IFRIC has received requests for guidance on the accounting for such transactions.

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