As on 15 July 2019

IFRIC 1     Changes in Existing Decommissioning, Restoration and Similar Liabilities
IFRIC 2     Members’ Shares in Co-operative Entities and Similar Instruments
IFRIC 5     Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds
IFRIC 6     Liabilities arising from Participating in a Specific Market-Waste Electrical and Electronic Equipment
IFRIC 7     Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies

IFRIC 9      Reassessment of Embedded Derivatives
IFRIC 10    Interim Financial Reporting and Impairment
IFRIC 12    Service Concession Arrangements
IFRIC 14    IAS 19 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction
IFRIC 16    Hedges of a Net Investment in a Foreign Operation
IFRIC 17    Distribution of Non-cash Assets to Owners
IFRIC 19    Extinguishing Financial Liabilities with Equity Instruments
IFRIC 20    Stripping Costs in the Production Phase of a Surface Mine                    

IFRIC 21    Levies                                                                                                                                

IFRIC 22    Foreign Currency Transactions and Advance Consideration                              

IFRIC 23    Uncertainty over Income Tax Treatment

SIC 7       Introduction of the Euro
SIC 10     Government Assistance – No Specific Relation to Operating Activities
SIC 25     Income Taxes – Changes in the Tax Status of an Entity or its Shareholders
SIC 29     Service Concession Arrangements : Disclosures
SIC 32     Intangible Assets – Web Site Costs

Notes:

IFRIC/SIC are not required to be adopted separately. They are automatically adopted once the relavant IAS/IFRS, which they relates to, is adopted to which that IFRIC/SIC is related

Following IFRICs and SIC have been withdrawn by the IASB and are not applicable:
–   IFRIC 3    ‘Emission Rights’

–  IFRIC 4     ‘Determining whether an Arrangement contains a Lease’ (superseded by IFRS 16) 
–  IFRIC 8    ‘Scope of IFRS 2’

–   IFRIC 11  ‘Group and Treasury Share Transactions’

–  IFRIC 13    ‘Customer Loyalty Programs’ (superseded by IFRS 15) 

– IFRIC 15    ‘Arrangements for the Construction of Real Estate’ (superseded by IFRS 15)

–  IFRIC 18   ‘ Transfers of Assets from Customers’  (superseded by IFRS 15)
–   SIC 12      ‘Consolidation – Special Purpose Entities’

–  SIC 15     “Operating Lease – Incentives’ (superseded by IFRS 16)
–   SIC 13      ‘Jointly Controlled Entities – Non Monetary Contributions by Venturers’
–   SIC 21      ‘Income Taxes- Recovery of Revalued Non-Depreciable Assets’ 

– SIC 27     ‘Evaluating the Substance of Transactions Involving the Legal Form of a Lease’ (superseded by IFRS 16) 

–SIC 31     ‘Revenue – Barter Transactions Involving Advertising Services’ (superseded by IFRS 15) 

SECP had granted waiver to all companies from the requirements of IFRIC 4 and IFRIC 12 vide S.R.O. 24/ (1)/2012 dated January 16, 2012, however consequently with the adoption of IFRS 16 under the ‘grandfathering approach’ exemption from IFRIC 4 will no longer be available to new contracts of companies after January 1, 2019.