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IFRS Interpretations Committee meeting – 7-8 July 2011

Start date:

End date:

Location: London

About meeting notes

Agenda for the meeting

Thursday 7 July (10:00h-17:30h)

Active Committee projects

  • IAS 16 Property, Plant and Equipment – Accounting for production phase stripping costs in the mining industry

Items for continuing consideration

  • IAS 37 Provisions, Contingent Liabilities and Contingent Assets and IFRIC 6 Liabilities arising from Participating in a Specific Market – Waste Electrical and Electronic Equipment – Use of IFRIC 6 by analogy

Review of Tentative Agenda Decisions published in May IFRIC Update

  • IAS 16 Property, Plant and Equipment – Cost of testing asset
  • IAS 19 Employee Benefits – Defined contribution plans with vesting conditions

New items for initial consideration

  • IFRS 3 Business Combinations – Common control transactions and business combinations involving newly formed entities
  • IAS 27 Consolidated and Separate Financial Statements – Group reorganisations in separate financial statements
  • IFRS 3 Business Combinations – Definition of a business


Friday 8 July (09:00h-10:45h)

New items for initial consideration (continued)

  • IFRS 11 Joint Arrangements – Acquisition of an interest in a joint operation
  • IFRS 8 Operating Segments – Aggregation of operating segments and identification of the chief operating decision maker

Administrative session

  • Committee work in progress
  • Review of statistics of the Committee's activity