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

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.

• Read the unaccompanied version of IFRIC 2

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.

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

Full access to details of all the amendments is only available to Financial Reporting Faculty members. Find out how to join the faculty.

IFRSs referred to by IFRIC 2

• IAS 32 Financial Instruments: Presentation
• IAS 39 Financial Instruments: Recognition and Measurement 

This page was last updated 21 March 2019.