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Wednesday 17 September 2014

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IFRS Interpretations Committee

Provisions, Contingent Liabilities and Contingent Assets: Measurement of liabilities arising from emission trading schemes


 Completed work - Agenda decision

IAS 37 Provisions, Contingent Liabilities and Contingent Assets: Measurement of liabilities arising from emission trading schemes

The objective of this project is to clarify whether the measurement of a liability arising from an obligation to deliver allowances in an emission trading scheme should reflect current values of allowances at the end of each reporting period if IAS 37 was applied to the liability.