IFRIC 8 - Scope of IFRS 2

The Interpretation clarifies that IFRS 2 Share-based Payment applies to share-based payment transactions in which the entity cannot specifically identify some or all of the goods or services received. As a consequence IFRIC 8 applies to share-based payment transactions (as defined in IFRS 2) when the identifiable consideration received (or to be received) by the entity (if any) appears to be less than the fair value of the equity instruments granted or the liability incurred.

IFRIC 8 Scope of IFRS 2 was issued in 2006 with an effective date of 1 May 2006. The Interpretation was published in the Official Journal in September 2006. IFRIC 8 was withdrawn and incorporated in IFRS 2 in 2009.