New Zealand Equivalent to IFRIC Interpretation 22

Foreign Currency Transactions and Advance Consideration


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Addresses a transaction date for determining the exchange rate to use when there is advanced consideration in a foreign currency.

Applicable for reporting periods as indicated. Versions prior to the previous version can be found on the archive page.

  • NZ IFRIC 22 – This version is effective for reporting periods beginning on or after
    1 Jan 2020 (early application permitted)

    Date of issue: Feb 2017

    Date compiled to: Jan 2019

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New version not yet mandatory

  • NZ IFRIC 22 – This version is effective for reporting periods beginning on or after
    1 Jan 2027 (early adoption permitted)

    Date of issue: Feb 2017

    Date compiled to: Jan 2026

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