IFRIC 6 - Waste Electrical and Electronic Equipment

The EU Directive on Waste Electrical and Electronic Equipment has given rise to questions about when a liability for decommissioning of waste electrical and electronic equipment (historical waste) should be recognised by certain electrical goods manufacturers according to IAS 37. The objective of IFRIC 6 is to clarify this. The interpretation concludes that participation in the market during the measurement period of the cost of waste is the obligating event.

On 11 February 2005 EFRAG issued its comment letter and on 10 October 2005  EFRAG issued its Endorsement Advice to the European Commission (documents can be found below).