SIC29 BV2009 - SIC-29 SIC Interpretation 29 Service...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
SIC-29 SIC Interpretation 29 Service Concession Arrangements: Disclosures This version includes amendments resulting from IFRSs issued up to 31 December 2008. SIC-29 Disclosure—Service Concession Arrangements was developed by the Standing Interpretations Committee and issued in December 2001. Its title was changed by IFRIC 12 (see below). SIC-29 and its accompanying documents have been amended by the following IFRSs: IAS 1 Presentation of Financial Statements (as revised in December 2003) IFRIC 12 Service Concession Arrangements (issued November 2006) IAS 1 Presentation of Financial Statements (as revised in September 2007). * * effective date 1 January 2009 © IASCF 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
SIC-29 SIC Interpretation 29 Service Concession Arrangements: Disclosures (SIC-29) is set out in paragraphs 6 and 7. SIC-29 is accompanied by a Basis for Conclusions. The scope and authority of Interpretations are set out in paragraphs 2 and 7–17 of the Preface to International Financial Reporting Standards . 2 © IASCF
Background image of page 2
SIC-29 SIC Interpretation 29 Service Concession Arrangements: Disclosures References IAS 1 Presentation of Financial Statements (as revised in 2007) IAS 16 Property, Plant and Equipment (as revised in 2003) IAS 17 Leases (as revised in 2003) IAS 37 Provisions, Contingent Liabilities and Contingent Assets IAS 38 Intangible Assets (as revised in 2004) IFRIC 12 Service Concession Arrangements Issue 1 An entity (the operator) may enter into an arrangement with another entity (the grantor) to provide services that give the public access to major economic and social facilities. The grantor may be a public or private sector entity, including a governmental body. Examples of service concession arrangements involve water treatment and supply facilities, motorways, car parks, tunnels, bridges, airports and telecommunication networks. Examples of arrangements that are not service concession arrangements include an entity outsourcing the operation of its internal services (eg employee cafeteria, building maintenance, and accounting or information technology functions).
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/22/2012 for the course ACCOUNTING 402 taught by Professor Sanaabadry during the Spring '12 term at DISD.

Page1 / 6

SIC29 BV2009 - SIC-29 SIC Interpretation 29 Service...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online