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The Interpretations Committee will continue its discussion at a future meeting

 22 March 2016


IFRIC 12 Service Concession Arrangements—Accounting for service concession arrangements for which the infrastructure is leased (Agenda Paper 6)

The Interpretations Committee continued its discussion on how an operator accounts for a service concession arrangement for which:

  1. the infrastructure is leased; and
  2. the operator is not required to provide construction or upgrade services with respect to the infrastructure.

During the discussions, the Interpretations Committee raised some further questions on the recognition and presentation issues described in the submission, in particular for arrangements in which the lessor and the grantor are controlled by the same governmental body.

Next steps

The Interpretations Committee will consider this issue further at a future meeting.