Standing Interpretations Committee (SIC)

Serial

Name

Issued

SIC~1

Consistency – Different Cost Formulas for Inventories Superseded

1997

SIC~2

Consistency – Capitalization of Borrowing Costs Superseded

1997

SIC~3

Elimination of Unrealized 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Associates Superseded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Provisions superseded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Costs of Modifying Existing Software Superseded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Superseded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
Uniting of Interests Superseded

1998

SIC~10

Government Assistance – No Specific Relation to Operating Activities

1998

SIC~11

Foreign Exchange – Capitalization 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Currency Devaluations Superseded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Consolidation – Special Purpose Entities Superseded by IFRS 10 and IFRS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Superseded by IFRS 11 and IFRS 12, effective for annual periods beginning on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of Items Superseded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Operating Leases – Incentives Superseded in 2019 by IFRS 16

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Superseded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Equity – Costs of an Equity Transaction Superseded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Consistency – Alternative Methods Superseded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Statements under IAS 21 and IAS 29 Superseded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Equity Accounting Method – Recognition of Losses Superseded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Income Taxes – Recovery of Revalued Non-Depreciable Assets Superseded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 by Deferred 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Goodwill Initially Reported Superseded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Superseded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Be Settled in Shares Superseded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
Superseded in 2019 by IFRS 16

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 Superseded
in 2018 by IFRS 15

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