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SIC Interpretations

# Name Issued
SIC-1 Consistency – Different Cost Formulas for Inventories Superseded 1997
SIC-2 Consistency – Capitalisation of Borrowing Costs Superseded 1997
SIC-3 Elimination of Unrealised Profits and Losses on Transactions with Associates Superseded 1997
SIC-5 Classification of Financial Instruments – Contingent Settlement Provisions Superseded 1998
SIC-6 Costs of Modifying Existing Software Superseded 1998
SIC-7 Introduction of the Euro 1998
SIC-8 First-Time Ap­pli­ca­tion of IASs as the Primary Basis of Accounting Superseded 1998
SIC-9 Business Combinations – Classification either as Acquisitions or Unitings of Interests Superseded 1998
SIC-10 Government Assistance – No Specific Relation to Operating Activities 1998
SIC-11 Foreign Exchange – Capitalisation of Losses Resulting from Severe Currency Devaluations Superseded 1998
SIC-12 Consolidation – Special Purpose Entities Superseded by IFRS 10 and IFRS 12 effective 1 January 2013 1998
SIC-13 Jointly Controlled Entities – Non-Monetary Contributions by Venturers Superseded by IFRS 11 and IFRS 12, effective for annual periods beginning on or after 1 January 2013 1998
SIC-14 Property, Plant and Equipment – Compensation for the Impairment or Loss of Items Superseded 1998
SIC-15 Operating Leases – Incentives 1999
SIC-16 Share Capital – Reacquired Own Equity Instruments (Treasury Shares) Superseded 1999
SIC-17 Equity – Costs of an Equity Trans­ac­tion Superseded 2000
SIC-18 Consistency – Alternative Methods Superseded 2000
SIC-19 Reporting Currency – Measurement and Presentation of Financial Statements under IAS 21 and IAS 29 Superseded 2000
SIC-20 Equity Accounting Method – Recognition of Losses Superseded 2000
SIC-21 Income Taxes – Recovery of Revalued Non Depreciable Assets Superseded by, and incorporated into, IAS 12 by amendments made byDeferred Tax: Recovery of Un­derlying Assets, effective for annual periods beginning on or after 1 January 2012 2000
SIC-22 Business Combinations – Subsequent Adjust­ment of Fair Values and Goodwill Initially Reported Superseded 2000
SIC-23 Property, Plant and Equipment – Major In­spec­tion or Overhaul Costs Superseded 2000
SIC-24 Earnings Per Share – Financial In­stru­ments and Other Contracts that May Be Settled in Shares Superseded 2000
SIC-25 Income Taxes – Changes in the Tax Status of an En­ter­prise or its Share­hold­ers 2000
SIC-27 Eval­u­at­ing the Substance of Trans­ac­tions in the Legal Form of a Lease 2000
SIC-28 Business Combinations – ‘Date of Exchange’ and Fair Value of Equity In­stru­ments Superseded 2001
SIC-29 Dis­clo­sure – Service Con­ces­sion Arrange­ments 2001
SIC-30 Reporting Currency – Translation from Measurement Currency to Presentation Currency Superseded 2001
SIC-31 Revenue – Barter Transactions Involving Advertising Services Will be Superseded by IFRS 15 as of 1 January 2017 2001
SIC-32 Intangible Assets – Web Site Costs 2001
SIC-33 Consolidation and Equity Method – Potential Voting Rights and Allocation of Ownership Interests Superseded 2001