SIC Interpretation 29: Service concession arrangements: disclosures

This version includes amendments resulting from IFRSs issued up to 31 December 2008. SIC-29 Service concession arrangements: disclosures was developed by the Standing Interpretations Committee and issued in December 2001. Its title was changed by IFRIC 12. | SIC-29 SIC Interpretation 29 Service Concession Arrangements: Disclosures This version includes amendments resulting from IFRSs issued up to 31 December 2008. SIC-29 Disclosure—Service Concession Arrangements was developed by the Standing Interpretations Committee and issued in December 2001. Its title was changed by IFRIC 12 (see below). SIC-29 and its accompanying documents have been amended by the following IFRSs: • IAS 1 Presentation of Financial Statements (as revised in December 2003) • IFRIC 12 Service Concession Arrangements (issued November 2006) • IAS 1 Presentation of Financial Statements (as revised in September 2007).* * effective date 1 January 2009 © IASCF 2727 SIC-29 SIC Interpretation 29 Service Concession Arrangements: Disclosures (SIC-29) is set out in paragraphs 6 and 7. SIC-29 is accompanied by a Basis for Conclusions. The scope and authority of Interpretations are set out in paragraphs 2 and 7–17 of the Preface to International Financial Reporting Standards. 2728 © IASCF SIC-29 SIC Interpretation 29 Service Concession Arrangements: Disclosures References • IAS 1 Presentation of Financial Statements (as revised in 2007) • IAS 16 Property, Plant and Equipment (as revised in 2003) • IAS 17 Leases (as revised in 2003) • IAS 37 Provisions, Contingent Liabilities and Contingent Assets • IAS 38 Intangible Assets (as revised in 2004) • IFRIC 12 Service Concession Arrangements Issue 1 An entity (the operator) may enter into an arrangement with another entity (the grantor) to provide services that give the public access to major economic and social facilities. The grantor may be a public or private sector entity, including a governmental body. Examples of service concession arrangements involve water treatment and supply facilities, motorways, car parks, tunnels, bridges, airports and telecommunication networks. Examples of arrangements that are not service concession arrangements include an entity outsourcing .