IFRIC 17 IFRIC Interpretation 17
Distributions of Non-cash Asts
to Owners
This version includes amendments resulting from IFRSs issued up to 31 December 2009.
IFRIC 17 Distributions of Non-cash Asts to Owners was developed by the International Financial Reporting Interpretation Committee and issued by the International Accounting Standards Board in November 2008. Its effective date is 1 July 2009.
The Basis for Conclusions on IFRIC 17 has been amended to reflect the issue of IFRS 9 Financial Instruments in November 2009.
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IFRIC 17
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C ONTENTS
paragraphs IFRIC INTERPRETATION 17DISTRIBUTIONS OF NON-CASH ASSETS TO OWNERS
REFERENCES
BACKGROUND
1–2SCOPE
3–8ISSUES
9CONSENSUS
shepherd10–17When to recogni a dividend payable
10Measurement of a dividend payable
11–13Accounting for any difference between the carrying amount of the
asts distributed and the carrying amount of the dividend payable
when an entity ttles the dividend payableasiangay
14Prentation and disclosures
15–17EFFECTIVE DATE
18
APPENDIX ILLUSTRATIVE EXAMPLES
BASIS FOR CONCLUSIONS FOR THE ACCOMPANYING DOCUMENTS LISTED BELOW, SEE PART B OF THIS EDITION
IFRIC 17 IFRIC Interpretation 17 Distributions of Non-cash Asts to Owners (IFRIC 17) is t out in paragraphs 1–18 and the Appendix. IFRIC 17 is accompanied by illustrative examples and a Basis for Conclusions. The scope and authority of Interpretations are t out in paragraphs 2 and 7–17 of the Preface to International Financial Reporting Standards.
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IFRIC 17
IFRIC Interpretation 17
Distributions of Non-cash Asts to Owners
References
•IFRS3Business Combinations (as revid in 2008)
•IFRS5Non-current Asts Held for Sale and Discontinued Operations
•IFRS7Financial Instruments: Disclosures
•IAS1Prentation of Financial Statements (as revid in 2007)
twenty•IAS10Events after the Reporting Period
•IAS27Consolidated and Separate Financial Statements (as amended in May 2008) Background
1Sometimes an entity distributes asts other than cash (non-cash asts) as dividends to its owners* acting in their capacity as owners. In tho situations, an entity may also give its owners a choice of receiving either non-cash asts or a cash alternative. The IFRIC received requests for gu
idance on how an entity should account for such distributions.
2International Financial Reporting Standards (IFRSs) do not provide guidance on how an entity should measure distributions to its owners (commonly referred to as dividends). IAS 1 requires an entity to prent details of dividends recognid as distributions to owners either in the statement of changes in equity or in the notes to the financial statements.
Scope
3This Interpretation applies to the following types of non-reciprocal distributions of asts by an entity to its owners acting in their capacity as owners:
烫发后如何护理(a)distributions of non-cash asts (eg items of property, plant and equipment,
business as defined in IFRS 3, ownership interests in another entity or
disposal groups as defined in IFRS 5); and
(b)distributions that give owners a choice of receiving either non-cash asts
or a cash alternative.
4This Interpretation applies only to distributions in which all owners of the same class of equity instruments are treated equally.
structure
5This Interpretation does not apply to a distribution of a non-cash ast that is ultimately controlled by the same party or parties before and after the distribution. This exclusion applies to the parate, individual and consolidated financial statements of an entity that makes the distribution.
*Paragraph 7 of IAS 1 defines owners as holders of instruments classified as equity.
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IFRIC 17 6In accordance with paragraph 5, this Interpretation does not apply when the non-cash ast is ultimately controlled by the same parties both before and after the distribution. Paragraph B2 of IFRS 3 states that ‘A group of individuals shall be regarded as controlling an entity when, as a result of contractual arrangements, they collectively have the power to govern its financial and operating policies so as to obtain benefits from its activities.’ Therefore, for a distribution to be outside the scope of this Interpretation on the basis that the same parties control the ast both before and after the distribution, a group of individual shareholders receiving the distribution must have, as a result of contractual arrangements, such ultimate collective power over the entity making t
he distribution.
7In accordance with paragraph 5, this Interpretation does not apply when an entity distributes some of its ownership interests in a subsidiary but retains control of the subsidiary. The entity making a distribution that results in the entity recognising a non-controlling interest in its subsidiary accounts for the distribution in accordance with IAS 27 (as amended in 2008).
8This Interpretation address only the accounting by an entity that makes a non-cash ast distribution. It does not address the accounting by shareholders who receive such a distribution.
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9When an entity declares a distribution and has an obligation to distribute the asts concerned to its owners, it must recogni a liability for the dividend payable. Conquently, this Interpretation address the following issues:
(a)When should the entity recogni the dividend payable?
(b)How should an entity measure the dividend payable?
(c)When an entity ttles the dividend payable, how should it account for any
difference between the carrying amount of the asts distributed and thewaybackintolove
carrying amount of the dividend payable?
Connsus
When to recogni a dividend payable
10The liability to pay a dividend shall be recognid when the dividend is appropriately authorid and is no longer at the discretion of the entity, which is the date:
(a)when declaration of the dividend, eg by management or the board of
directors, is approved by the relevant authority, eg the shareholders, if the
jurisdiction requires such approval, or
(b)when the dividend is declared, eg by management or the board of directors,
if the jurisdiction does not require further approval.
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IFRIC 17
Measurement of a dividend payable
11An entity shall measure a liability to distribute non-cash asts as a dividend to its owners at the fair value of the asts to be distributed.
12If an entity gives its owners a choice of receiving either a non-cash ast or a cash alternative, the entity shall estimate the dividend payable by considering both the fair value of each alternative and the associated probability of owners lecting each alternative.
13At the end of each reporting period and at the date of ttlement, the entity shall review and adjust the carrying amount of the dividend payable, with any changes in the carrying amount of the dividend payable recognid in equity as adjustments to the amount of the distribution.
Accounting for any difference between the carrying
amount of the asts distributed and the carrying
amount of the dividend payable when an entity ttles
the dividend payable
14When an entity ttles the dividend payable, it shall recogni the difference, if any, between the carrying amount of the asts distributed and the carrying amount of the dividend payable in profit or loss.
小学英语教学计划Prentation and disclosures
15An entity shall prent the difference described in paragraph 14 as a parate line item in profit or loss.
16An entity shall disclo the following information, if applicable:
(a)the carrying amount of the dividend payable at the beginning and end of
the period; and
(b)the increa or decrea in the carrying amount recognid in the period in
accordance with paragraph 13 as result of a change in the fair value of the
asts to be distributed.
17If, after the end of a reporting period but before the financial statements are authorid for issue, an entity declares a dividend to distribute a non-cash ast, it shall disclo:
(a)the nature of the ast to be distributed;
(b)the carrying amount of the ast to be distributed as of the end of the
reporting period; andboast是什么意思
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(c)the estimated fair value of the ast to be distributed as of the end of the
reporting period, if it is different from its carrying amount, and the
information about the method ud to determine that fair value required
by IFRS 7 paragraph 27(a) and (b).
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