# Commission Regulation (EC) No 1164/2009 of 27 November 2009 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Financial Reporting Interpretations Committee's (IFRIC) Interpretation 18 (Text with EEA relevance) (revoked)

EU Regulation No 1164/2009 · adopted 27 November 2009

Commission Regulation (EC) No 1164/2009 of 27 November 2009 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Financial Reporting Interpretations Committee's (IFRIC) Interpretation 18 (Text with EEA relevance)

PDFs: Printed copy https://openlegislation.uk/eu-regulation-2009-1164/pdf/eur_20091164_adopted_en.pdf

## Introductory text

Commission Regulation (EC) No 1164/2009
of 27 November 2009
amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Financial Reporting Interpretations Committee's (IFRIC) Interpretation 18
(Text with EEA relevance) (revoked)
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## 1 

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## 2 

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## 3 

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## Signature

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## 

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## IFRIC INTERPRETATION 18 Transfers of Assets from Customers

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## REFERENCES

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## BACKGROUND

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## 1 

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## 2 

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## 3 

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## SCOPE

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## 4 

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## 5 

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## 6 

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## 7 

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## ISSUES

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## 8 The Interpretation addresses the following issues:

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## CONSENSUS

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## Is the definition of an asset met?

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## 9 

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## 10 

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## How should the transferred item of property, plant and equipment be measured on initial recognition?

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## 11 

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## How should the credit be accounted for?

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## 12 

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## 13 

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## Identifying the separately identifiable services

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## 14 

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## 15 Features that indicate that connecting the customer to a network is a separately identifiable service include:

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## 16 

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## 17 

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## Revenue recognition

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## 18 

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## 19 

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## 20 

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## How should the entity account for a transfer of cash from its customer?

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## 21 

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## EFFECTIVE DATE AND TRANSITION

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## 22 

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## 

Amendment to IFRS 1
First-time Adoption of International Financial Reporting Standards (as revised in 2008)
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A1
In Appendix D paragraph D1 is amended as follows.
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A2
After paragraph D23 a heading and paragraph D24 are added.
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Source: https://www.legislation.gov.uk/eur/2009/1164 (the official version)
Page: https://openlegislation.uk/eu-regulation-2009-1164
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.