IFRIC 13 Customer Loyalty Programmes
Published June 2007. Effective 1 July 2008 (1 September 2009 for EU preparers). Withdrawn for periods starting on or after 1 January 2018 when IFRIC 13 is superseded by IFRS 15 Revenue from Contracts with Customers.
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Customer loyalty programmes are programmes whereby customers who buy goods or services are awarded credits (such as reward points or travel miles) by an entity. These credits can be redeemed in the future for free or discounted goods.
IFRIC 13 requires that the proceeds of the initial sale is split between:
- Deferred revenue associated with the loyalty credits given.
The deferred amount is recognised as revenue only when the entity has fulfilled its obligations by supplying the awards itself or paying a third party to do so.
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|Annual period starts||Effective version of standard||Notes on amendments|
|1 January 2016 – 31 December 2017||IFRIC 13 2017 Required Standards||-|
IFRSs Referred to by IFRIC 13
- IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
- IAS 18 Revenue
- IAS 37 Provisions, Contingent Liabilities and Contingent Assets
This page was last updated 21 March 2019.