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IAS 32 Amendment - Classification of Rights Issues

Description

The purpose of the amendment is to clarify the classification of instruments that give the holders the right to acquire an entity's own equity instruments at a fixed price (rights issues) when that price is stated in a currency other than the entity's functional currency.

In August 2009 the IASB published the Exposure Draft Classification of Rights Issues.

On 7 September 2009 EFRAG published its comment letter and on 6 November 2009 EFRAG published its Endorsement Advice (documents can be found bellow).

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