91 paragraphs found in INT 2
When applied or operative, this Interpretation supersedes Interpretation 2 Members’ Shares in Co-operative Entities and Similar Instruments issued in …
In this example members’ shares are classified as financial liabilities. The redemption prohibition is similar to the restrictions described in paragraphs 19 and AG25 of AASB 132. The restriction is a conditional limitation on the ability of the entity to …
Paragraph 13 does not apply to entities preparing general purpose financial statements that apply AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities …
IFRS 9 Financial Instruments replaced IAS 39. Paragraph 49 of IAS 39 was ultimately relocated to paragraph 47 of IFRS 13 Fair Value Measurement . Paragraph BC18 refers to matters relevant when IFRIC 2 was …
Some respondents requested additional guidance on subsequent measurement of the liability for redemption of members’ shares. The IFRIC noted that the focus of this Interpretation was on clarifying the classification of financial instruments rather than …
The IFRIC noted that entities whose members’ shares are not equity could use the presentation formats included in paragraphs IE32 and IE33 of the Illustrative Examples with IAS …
The IFRIC considered suggestions that: (a) members’ shares should be classified as equity until a member has requested redemption. That member’s share would then be classified as a financial liability and this treatment would be consistent …
The IFRIC did not accept those views. Under IAS 32, the classification of an instrument as financial liability or equity is based on the ‘substance of the contractual arrangement and the definitions of a financial liability, a financial asset and an …
The IFRIC also observed that an approach similar to that in paragraph BC21(a) is advocated in the Dissenting Opinion of one Board member on IAS 32. As the IASB did not adopt that approach its adoption here would require an amendment to …