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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.

Which version of the interpretation?

'Which version of the interpretation?' is only available to members of the Financial Reporting Faculty. Please note that to access electronic versions of IFRS through the links in these standard trackers you need to have first logged into eIFRS.

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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