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IFRIC Interpretation 12 . Service Concession Arrangements (IFRIC 12) is set out in paragraphs 1–30 and Appendices A and B. IFRIC 12 is accompanied by information notes, illustrative examples and a Basis for Conclusions. The scope and authority of Interpretations are set out in the . Preface to IFRS Standards. IFRIC 12 © IFRS Foundation A1665
IFRIC Interpretation 12 Service Concession Arrangements (IFRIC 12) is set out in paragraphs 1–30 and Appendices A and B. IFRIC 12 is accompanied by information notes , illustrative examples and a Basis for Conclusions .
24 sty 2014 · IFRIC 12 draws a distinction between two types of service concession arrangement. In one, the operator receives a financial asset , specifically an unconditional contractual right to receive a specified or determinable amount of cash or another financial asset from the government in return for constructing or upgrading a public sector asset ...
This Guide provides guidance on scope, the determination of the accounting model, specifi c characteristics of concessions that are common (take-or-pay arrangements, capacity availability, etc.) and much more. For a full list of the examples provided, refer to the Appendix of this Guide.
5 This Interpretation applies to public‑to‑private service concession arrangements if: (a) the grantor controls or regulates what services the operator must provide with the infrastructure, to whom it must provide them, and at what price; and
Interpretation Committee (IFRIC) on 30 November 2006 with an effective application date for annual periods beginning on or after 1 January 2008. This effect study analyses potential effects of adopting IFRIC 12 in the European Union (EU).
6 gru 2019 · This Deloitte e-learning module provides training in the background, scope and principles under IFRIC 12 'Service Concession Arrangements', and the application of this Interpretation. Topics covered include the scope of IFRIC 12, the types of assets recognised by operators of service concession arrangements, and the accounting treatment for the ...
