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AuditIAS for our clients and staff throughout the worldDecember 2006 IFRIC SpecialIAS plus websiteOver million people have visited our site. Ourgoal is to be the most comprehensivesource of news about internationalfinancial reporting on the check in 12 Service Concession ArrangementsOn 30 November 2006, the International Financial Reporting Interpretations Committee(IFRIC) issued IFRIC 12 Service Concession Arrangements. The Interpretation addresses theaccounting by private sector operators involved in the provision of public sectorinfrastructure assets and services, such as schools and roads. The Interpretation does notaddress the accounting for the government (grantor) side of such Interpretation states that for arrangements falling within its scope (see below), theinfrastructure assets are not recognised as property, plant and equipment of the , depending on the terms of the arrangement, the operator will recognise: a financial asset (where the operator has an unconditional right to receive a specifiedamount of cash or other financial asset over the life of)
Audit IAS Plus. Published for our clients and staff throughout the world December 2006 – IFRIC Special IAS Plus website Over 4.1 million people have visited
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