This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

IAS 18 — Transfers of assets from customers

Background

The IFRIC was asked how a utility or other company account for the receipt of customer contributions. Such contributions arise because the customer is required to contribute an asset (or cash towards the construction or acquisition of an asset) that is then used to provide access to an ongoing supply of goods or services to the customer.

 

Current status of the project

This project has been completed. IFRIC 18 Transfers of Assets from Customers was issued on 29 January 2009.

 

Project milestones

DateDevelopmentComments
17 January 2008 Draft Interpretation D24 Customer Contributions published Comment deadline 25 April 2008
29 January 2009 IFRIC 18 Transfers of Assets from Customers issued Effective to transfers of assets from customers received on or after 1 July 2009

Related Discussions

  • IFRIC D24 'Customer Contributions'

  • Sep 04, 2008

  • The staff presented the IFRIC with a revised draft of D24 'Customer Contributions' that was aimed to reflect input collected at the July IFRIC meeting.

  • IAS 18 — Customer contributions

  • Nov 01, 2007

  • The IFRIC considered how cash contributions should be accounted for by the entity receiving them (debating five possible approaches) and reviewed a draft Interpretation.

  • IAS 18 — Customer contributions

  • Sep 06, 2007

  • The IFRIC discussion at this meeting concentrated on the following issues: (1) how to account for the receipt of customer contributions (2) estimating the duration of the ongoing service (service period) (3) potential extensions of the scope.

  • IAS 18 — Customer contributions

  • Jul 12, 2007

  • IFRIC considered whether it should develop guidance as to how a utility company should account for customer contributions received.

  • IAS 18 — Customer contributions

  • May 04, 2007

  • The IFRIC considered whether it should develop guidance as to how a utility company should account for customer contributions received.