Superseded by IFRS 15 Revenue from Contracts with Customers.
SIC-31 specifies the circumstances in which a seller that provides advertising services can reliably measure revenue at the fair value of those advertising services in a barter transaction.
In December 2001 the International Accounting Standards Board issued SIC-31 Revenue—Barter Transactions Involving Advertising Services, which had originally been developed by the Standing Interpretations Committee of the International Accounting Standards Committee.
Other Standards have made minor consequential amendments to SIC-31, including IFRS 13 Fair Value Measurement (issued May 2011).
SIC-31 was superseded by IFRS 15 Revenue from Contracts with Customers.