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IFRIC 12 Service Concession Arrangements


Service concession arrangements are arrangements whereby a government or other body grants contracts for the supply of public services - such as roads, energy distribution, prisons or hospitals - to private operators. The objective of this project of the IFRIC is to clarify how certain aspects of existing IASB literature are to be applied to service concession arrangements.

EFRAG has commented on the IFRIC draft interpretations on Service Concession Arrangements on 24 May 2005. 

EFRAG has completed its due process regarding IFRIC 12 Service Concession Arrangements and has submitted its endorsement advice letter to the European Commission on 23 March 2007.

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