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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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Synopsis

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.

Which version of the interpretation?

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Annual period starts Effective version of standard Notes on amendments
On or after 1 January 2018 IFRIC 2 2019 Required Standards Includes amendment 1
1 January 2016 – 31 December 2017 IFRIC 2 2017 Required Standards Does not include the amendment

Required Standards book for a particular year assumes that there is no early application of issued but not yet effective IFRSs; The Issued Standards book assumes early application of all issued IFRSs.

For the latest version of the interpretation, and where the amendment is to be adopted early, refer to IFRIC 2 2019 Required Standards.

Recent amendments

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IFRSs referred to by IFRIC 2

This page was last updated 21 March 2019.

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