Financial Instruments - puttable financial instruments and obligations arising on liquidation
This project has been completed. In February 2008 the IASB issued Amendments to IAS 32 Financial Instruments: Presentation and IAS 1 Presentation of Financial Statements — Puttable Financial Instruments and Obligations Arising on Liquidation . The new requirements will apply for annual periods beginning on 1 January 2009, with earlier application permitted.
The amendments are available to eIFRS Basic users. Printed copies can be purchased from our Publications Department .
Effect of the amendments
The amendments classify the following types of financial instruments as equity, provided they have particular features and meet specific conditions:
- puttable financial instruments (for example, some shares issued by co-operative entities)
- instruments, or components of instruments, that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation (for example, some partnership interests and some shares issued by limited life entities)
Last IASB meeting update
20 September 2011
On the recommendation of the IFRS Interpretations Committee, the IASB discussed a possible scope exclusion to IAS 32 for put options written over the non-controlling interest in the consolidated financial statements of a group.
Read the full meeting update and all previous updates and observer notes for this project.
Click here to listen to the IASB meeting audio playback.
Page last updated: 29 September 2011