Show Sections
About
SIC-29 addresses the information that an operator and a grantor disclose in the notes to the financial statements when they participate in a service concession arrangement. IFRIC 12 addresses how an operator accounts for service concession arrangements.
Standard history
In December 2001 the International Accounting Standards Board (IASB) issued SIC‑29 Disclosure—Service Concession Arrangements, which had originally been developed by the Standing Interpretations Committee of the International Accounting Standards Committee.
In November 2006, when the IASB issued IFRIC 12 Service Concession Arrangements, SIC‑29’s title was changed to Service Concession Arrangements: Disclosures.
Other Standards have made minor consequential amendments to SIC‑29, including IFRS 16 Leases (issued January 2016) and Amendments to References to the Conceptual Framework in IFRS Standards (issued March 2018).
