23. Separate draft interpretations of IFRS in the following areas relevant to accounting for PFI will be issued for consultation using the usual due process arrangements before Christmas 2007:
• timing of recognition of the assets (particularly assets under construction);
• accounting for revenue earned by the grantor from the service concession arrangement;
• accounting for guarantees made by the grantor as part of the arrangement; and
• the accounting treatment where the grantor provides land and existing assets to the operator.
24. If there are other areas where you believe guidance should be provided, please say what those are as are and why you believe it is needed.