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Monday 22 December 2014

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Draft Interpretation - D12, D13, D14: Service Concession Arrangements


 

Draft Interpretation - D12, D13, D14: Service Concession Arrangements


Service concession arrangements are arrangements whereby a government or other body grants contracts for the supply of public services such as roads, energy distribution, prisons or hospitals to private operators.

The proposed Interpretations have been developed in response to requests for guidance on how International Financial Reporting Standards (IFRSs) apply to service concession arrangements. The proposed Interpretations would not amend existing IFRSs. Instead, they would clarify how concession operators should apply existing IFRSs to account for the obligations they undertake and rights they receive in service concession arrangements.

The comment deadline for the drafts closed on 31 May 2005