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IAS 37 – Inclusion of credit risk in discount rate

Date recorded:

The Committee discussed the tentative agenda decision published in the November 2010 IFRIC Update.

It was noted by the Committee that in practice "risks specific to the liability" in paragraph 47 of IAS 37 generally exclude credit risk and only include the risk of the liability itself.

The Committee therefore agreed to update the previous tentative agenda decision to include commentary to this effect, and to clarify that the republished tentative agenda decision was based on the fact that there is no apparent divergence - either currently or expected in the future - in practice.