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Monday 24 November 2014

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The Interpretations Committee directed the staff to report its views as well as the feedback received in the comment letters to the IASB

 23 January 2013


In May 2012 the Interpretations Committee published a draft interpretation on the accounting for put options written on non-controlling interests in the parent’s consolidated financial statements (NCI put). The comment period ended on 1 October 2012.

At this meeting, the Interpretations Committee was presented with a summary and an analysis of the comments received on the draft Interpretation. The Interpretations Committee agreed that, if the proposals in the draft Interpretation were finalised, the final Interpretation should apply:

  1. in the parent’s consolidated financial statements, to put options and forward contracts that obligate an entity in the group to purchase shares of a subsidiary that are held by a non-controlling-interest shareholder for cash or another financial asset (‘NCI puts and NCI forwards’); and
  2. retrospectively.
 

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