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Interpretationen of the "STANDING INTERPRETATIONS COMMITTEE" (SIC)

Interpretations 2003

• SIC-1: Consistency - different cost formulas for inventories

• SIC-2: Consistency - capitalisation of borrowing costs

• SIC-3: Elimination of unrealised profits and losses on transactions with associates

• SIC-6: Costs of modifying existing software

• SIC-7: Introduction of the euro

• SIC-8: First-time application of IASs as the primary basis of accounting (suberseded by IFRS 1)

• SIC-9: Business combinations - classification either as acquisitions or unitings of interests

• SIC-10: Government assistance - no specific relation to operating activities

• SIC-11: Foreign exchange - capitalisation of losses resulting from severe currency devaluations

• SIC-12: Consolidation - special purpose entities

• SIC-13: Jointly controlled entities - non-monetary contributions by venturers

• SIC-14: Property, plant and equipment - compensation for the impairment or loss of items

• SIC-15: Operating leases - incentives

• SIC-18: Consistency - alternative methods

• SIC-19: Reporting currency - measurement and presentation of financial statements under IAS 21 and IAS 29

• SIC-20: Equity accounting method - recognition of losses

• SIC-21: Income taxes - recovery of revalued non-depreciable assets

• SIC-22: Business combinations - subsequent adjustment of fair values and goodwill initially reported

• SIC-23: Property, plant and equipment - major inspection or overhaul costs

• SIC-24: Earnings per share - financial instruments and other contracts that may be settled in shares

• SIC-25: Income taxes - changes in the tax status of an enterprise or it's shareholders

• SIC-27: Evaluating the substance of transactions involving the legal form of a lease

• SIC-28: Business combinations - "date of exchange" and fair value of equity instruments

• SIC-29: Disclosure - service concession arrangements

• SIC-30: Reporting currency - translation from measurement currency to presentation currency

• SIC-31: Revenue - barter transactions involving advertising services

• SIC-32: Intangible assets - web site costs

• SIC-33: Consolidation and equity method - potential voting rights and allocation of ownership interests

Note:
Any appendices to those standards and interpretations are not considered as part of those standards and interpretations and shall therefore not be reproduced.

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