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IFRIC 2 Members’ Shares in Co-operative Entities and Similar Instruments

Published November 2004. Effective 1 January 2005.

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IFRIC 2 provides guidance in applying the requirements of IAS 32 in terms of classifying financial instruments as liabilities or equity to co-operatives and similar entities.

Shares for which the member has the right to request redemption are normally liabilities, unless:

  • The entity has an unconditional right to refuse redemption
  • Local law, regulation or the entity’s governing charter can unconditionally prohibit redemption.

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IFRSs referred to by IFRIC 2

This page was last updated 4 February 2022.