Interpretations issued by the ‘IFRIC’/ ‘SIC’ included in Appendix to relevant ‘Ind AS’

List of Interpretations issued by the IFRS Interpretations Committee (IFRIC)/ Standards Interpretations Committee (SIC) included in Appendix to relevant Indian Accounting Standards (Ind AS)

Sl.
No.
IFRIC/
SIC No.
Corresponding Appendix of Ind ASIFRIC/ SIC Subject
1IFRIC 1Ind AS 16 (Appendix A)Changes in Existing Decommissioning, Restoration and Similar Liabilities
2IFRIC 2NoneMembers’ Shares in Co-operative Entities and Similar Instruments [Appendix corresponding to IFRIC 2 is not issued as it is not relevant for the
companies].
3IFRIC  4Ind AS 17 (Appendix C)Determining whether an Arrangement contains a Lease
4IFRIC  5Ind AS 37 (Appendix A)Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds
5IFRIC  6Ind AS 37 (Appendix B)Liabilities arising from Participating in a Specific Market – Waste Electrical and Electronic Equipment
6IFRIC  7Ind AS 29 (Appendix A)Applying the Restatement Approach under Ind AS 29 Financial Reporting in Hyperinflationary Economies
7IFRIC  10Ind AS 34 (Appendix A)Interim Financial Reporting and Impairment
8IFRIC  12Ind AS 11 (Appendix A)Service Concession Arrangements
9IFRIC 13Ind AS 18 (Appendix B)Customer Loyalty Programmes
10IFRIC  14Ind AS 19 (Appendix B)The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction
11IFRIC  16Ind AS 109 (Appendix C)Hedges of a Net Investment in a Foreign Operation
12IFRIC 17Ind AS 10 (Appendix A)Distributions of Non-cash Assets to Owners
13IFRIC 18Ind AS 18 (Appendix C)Transfer of Assets from Customers
14IFRIC 19Ind AS 109 (Appendix D)Extinguishing Financial Liabilities with Equity Instruments
15IFRIC 20Ind AS 16 (Appendix B)Stripping Cost in the Production Phase of a Surface Mine
16IFRIC 21Ind AS 37 (Appendix C)Levi
17SIC-7NoneIntroduction of Euro [Appendix corresponding to SIC 7 is not issued as it is not relevant in the
Indian context].
18SIC-10Ind AS 20 (Appendix A)Government Assistance – No   Specific Relation to Operating Activities
19SIC-15Ind AS 17 (Appendix A)Operating Leases – Incentives
20SIC-25Ind AS 12 (Appendix A)Income Taxes – Changes in the Tax Status of an Entity or its Shareholders
21SIC-27Ind AS 17 (Appendix B)Evaluating the Substance of Transactions Involving the Legal Form of a Lease
22SIC-29Ind AS 11 (Appendix B)Service Concession Arrangements: Disclosures
23SIC-31Ind AS 18 (Appendix A)Revenue – Barter Transactions Involving Advertising Services
24SIC-32Ind AS 38 (Appendix A)Intangible Assets – Web Site Costs
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