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IFRIC meeting — 5-6 November 2009

Start date:

End date:

Location: London

About meeting notes

Agenda for the meeting

Thursday 5 November 2009 (10:00-17:30)

Introduction

Active Committee projects

  • IAS 16 Property, Plant and Equipment — Accounting for stripping costs in the production phase
  • IAS 32 Financial Instruments: Presentation — Debt to Equity Swap IFRIC D25 — Comment letter analysis

Review of Tentative Agenda Decisions published in September 2009 IFRIC Update

  • IAS 23 Borrowing Costs — Meaning of 'general borrowings'
  • IFRS 5 Non-current Assets Held for Sale and Discontinued Operations — Write down of a disposal group
  • IFRS 3 Business Combinations — Measurement of NCI
  • IFRS 3 Business Combinations — Un-replaced and voluntarily replaced share-based payment awards

Staff recommendations for Tentative Agenda Decisions

  • IAS 39 Financial Instruments: Recognition and Measurement — Unit of account for forward contracts with volumetric optionality
  • IAS 38 Intangible Assets — Amortisation method
  • IFRS 2 Share-based Payment — Where manner of settlement is contingent on future events
  • IFRS 2 Share-based Payment — Measurements of employee share-based transactions with cash alternatives
  • IAS 27 Consolidated and Separate Financial Statements — Presentation of comparatives when applying the 'pooling of interests' method
  • IAS 27 Consolidated and Separate Financial Statements — Combined financial statements and redefined reporting entities
  • IAS 18 Revenue — Receipt of a dividend of treasury shares
  • IFRS 4 Insurance Contracts and IAS 32 Financial Instruments: Presentation — Scope issue for investments in REITs
  • IAS 32 Financial Instruments: Presentation — 'Fixed for fixed' condition

Friday 6 November 2009 (09:00-11:00)

Active Committee projects

  • IAS 16 Property, Plant and Equipment — Accounting for stripping costs in the production phase (tentative agenda decision)

Administrative session

  • IFRIC work in progress

 

The Deloitte observer notes from this meeting are available here.