Summary and Download

  • IAS 39 PAPER – No. 6
    APPLICABILITY OF IAS 39 WITH RESPECT TO
    CAPACITY CONTRACTS (PDF; 40 KB)
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In summary there are no specific exclusions from IAS 39 for these types of contracts (unlike US GAAP EITF 02-03). Therefore if firms can establish to the satisfaction of auditing standards that the qualitative criteria established by IAS 39 are met and the contract is not for own use, fair value accounting can be applied.

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