• 2023 Issued Standards – IFRIC 17
  The IFRIC Interpretations are available in the 2023 Issued Standards, which include all amendments issued up to and including 1 January 2023.

Registration is required to access the free version of the Issued Standards. This version does not include additional documents that accompany the full standards (such as illustrative examples, implementation guidance and basis for conclusions).

The Interpretation refers to:

• Distributions of non-cash assets to owners of an entity in their capacity as owners.
• Distributions where owners have a choice of receiving non-cash assets or a cash alternative. 

It concludes that:

• A dividend should be recognised when it is appropriately authorised and is no longer at the discretion of the entity.
• The dividend should be measured at the fair value of the net assets to be distributed.
• Where a cash alternative is available, the entity should assess the probability of owners selecting either cash or the non-cash assets and measure the dividend accordingly based on fair values.
• An entity should recognise the difference between the dividend paid and the carrying amount of the assets distributed in profit or loss.