Appendix IFRIC INTERPRETATION 1 Changes in existing decommissioning, restoration and similar liabilitiesF1
United Kingdom Repealed
REFERENCES
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BACKGROUND
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1
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SCOPE
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This Interpretation applies to changes in the measurement of any existing decommissioning, restoration or similar liability that is both:
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ISSUE
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This interpretation addresses how the effect of the following events that change the measurement of an existing decommissioning, restoration or similar liability should be accounted for:
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CONSENSUS
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4
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If the related asset is measured using the cost model:
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If the related asset is measured using the revaluation model:
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7
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8
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EFFECTIVE DATE
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9
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9A
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9B
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TRANSITION
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10
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Annotations
Textual amendments
- F1
Regulation revoked (31.12.2020) by The International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/685), reg. 1(2), Sch. 2 para. 1 (with reg. 20(2)) (as amended by S.I. 2020/335, regs. 1, 5); 2020 c. 1, Sch. 5 para. 1(1)