34 paragraphs found in INT 6
When applied or operative, this Interpretation supersedes Interpretation 6 Liabilities arising from Participating in a Specific Market—Waste Electrical and Electronic Equipment issued in October 2005. Basis for Conclusions on IFRIC 6 Liabilities arising …
This Basis for Conclusions summarises the IFRIC’s considerations in reaching its consensus. Individual IFRIC members gave greater weight to some factors than to …
The IFRIC was informed that the European Union’s Directive on Waste Electrical and Electronic Equipment (WE&EE) had given rise to questions about when a liability for the decommissioning of WE&EE for certain goods should be recognised. The IFRIC therefore …
The IFRIC’s proposals were set out in Draft Interpretation D10 Liabilities arising from Participating in a Specific Market—Waste Electrical and Electronic Equipment , which was published in November 2004. The IFRIC received 22 comment letters on the …
The Directive indicates that it is participation in the market during the measurement period that triggers the obligation to meet the costs of waste …
For example, an entity selling electrical equipment in 20X4 has a market share of 4 per cent for that calendar year. It subsequently discontinues operations and is thus no longer in the market when the waste management costs for its products are allocated …
The IFRIC concluded that the effect of the cost attribution model specified in the Directive is that the making of sales during the measurement period is the ‘past event’ that requires recognition of a provision under IAS 37 Provisions, Contingent …
Some constituents asked the IFRIC to consider the effect of the following possible national legislation: the waste management costs for which a producer is responsible because of its participation in the market during a specified period (for example 20X6) …
The IFRIC considered whether its conclusion is undermined by the principle that the entity will continue to operate as a going concern. If the entity will continue to operate in the future, it treats the costs of doing so as future costs. For these future …
The IFRIC considered an argument that manufacturing or selling products for use in private households constitutes a past event that gives rise to a constructive obligation. Allocating waste management costs on the basis of market share would then be a …