IFRIC 6

IFRIC Interpretation 6

Liabilities arising from Participating in a Specific Market—Waste Electrical and Electronic Equipment
IFRIC 6 Liabilities arising from Participating in a Specific Market—Waste Electrical and Electronic Equipment was developed by the International Financial Reporting Interpretations Committee and issued by the International Accounting Standards Board in September 2005.

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CONTENTS

paragraphs

IFRIC INTERPRETATION 6 LIABILITIES ARISING FROM PARTICIPATING IN A SPECIFIC MARKET— WASTE ELECTRICAL AND ELECTRONIC EQUIPMENT
REFERENCES BACKGROUND SCOPE ISSUE CONSENSUS EFFECTIVE DATE TRANSITION FOR THE ACCOMPANYING DOCUMENT BELOW, SEE PART B OF THIS EDITION BASIS FOR CONCLUSIONS 1–5 6–7 8 9 10 11

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IFRIC Interpretation 6 Liabilities arising from Participating in a Specific Market—Waste Electrical and Electronic Equipment (IFRIC 6) is set out in paragraphs 1–11. IFRIC 6 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.

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IFRIC Interpretation 6 Liabilities arising from Participating in a Specific Market— Waste Electrical and Electronic Equipment
References
• • IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors IAS 37 Provisions, Contingent Liabilities and Contingent Assets

Background
1 2 3 Paragraph 17 of IAS 37 specifies that an obligating event is a past event that leads to a present obligation that an entity has no realistic alternative to settling. Paragraph 19 of IAS 37 states that provisions are recognised only for ‘obligations arising from past events existing independently of an entity’s future actions’. The European Union’s Directive on Waste Electrical and