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HMRC internal manual

Corporate Finance Manual

HM Revenue & Customs
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Accounting for corporate finance: International Financial Reporting Standards: IAS 39: measurement of equity instruments

Equity instruments

An entity’s own equity instruments are normally taken to equity at fair value, and not subsequently remeasured (CFM21160).

For the treatment of a company’s own instruments which it has re-acquired (‘Treasury shares’) see CFM21220.

For the treatment of derivatives treated as transactions in a company’s own equity see CFM21230.

For the treatment of compound financial instruments see CFM21260 and an example at CFM21270.