Table A2 IFRIC D1 Consultation (2003)... | Emerald Publishing

Table A2

IFRIC D1 Consultation (2003)

Panel A: Questions included in the draft interpretation
(a) Does an emission rights scheme give rise to (i) a net asset or liability or (ii) an asset (for allowances held) and a liability, deferred income and/or income?
(b) If a separate asset is recognised, what is the nature of that asset?
(c) If a separate liability, deferred income and/or income is recognised, what is the nature of that item and how is it measured?
(d) When should a potential penalty, which will be incurred if a participant fails to deliver sufficient allowances to cover its actual emissions, be recognised, and how should it be measured?

Panel A: Questions included in the draft interpretation
(a) Does an emission rights scheme give rise to (i) a net asset or liability or (ii) an asset (for allowances held) and a liability, deferred income and/or income?
(b) If a separate asset is recognised, what is the nature of that asset?
(c) If a separate liability, deferred income and/or income is recognised, what is the nature of that item and how is it measured?
(d) When should a potential penalty, which will be incurred if a participant fails to deliver sufficient allowances to cover its actual emissions, be recognised, and how should it be measured?

	Nb	%
Panel B: Types of respondents
Number of respondents	40	100
Accounting Professional Body	9	23
National Standard Setter	11	28
Preparers	11	28
Accounting Firm	4	10
Regulatory Agency	2	5
Academics	1	3
Non identified	2	5
Panel C: Types of response
Agreement	11	28
Opposition or mixed	14	35
No opposition or silence	15	38
Total	40	100

	Nb	%
Panel B: Types of respondents
Number of respondents	40	100
Accounting Professional Body	9	23
National Standard Setter	11	28
Preparers	11	28
Accounting Firm	4	10
Regulatory Agency	2	5
Academics	1	3
Non identified	2	5
Panel C: Types of response
Agreement	11	28
Opposition or mixed	14	35
No opposition or silence	15	38
Total	40	100