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IFRS Interpretations Committee meeting – 17-18 January 2012

Start date:

End date:

Location: London

 

Agenda for the meeting

Tuesday 17 January (10:00h-18:15h)

Active Committee projects

  • IAS 32 Financial Instruments: Presentation — Put options written over non-controlling interests
  • IAS 37 Provisions, Contingent Liabilities and Contingent Assets and IFRIC 6 Liabilities arising from Participating in a Specific Market—Waste Electrical and Electronic Equipment — Levies charged for participation in a specific market – date of recognition of liability

Review of Tentative Agenda Decisions published in November 2011 IFRIC Update

  • IAS 19 Employee Benefits — Definition of termination benefits

Items for continuing consideration

  • IFRS 11 Joint Arrangements — Acquisition of interest in joint operation
  • IAS 28 Investments in Associates — Share of other changes in equity
  • IFRIC 12 Service Concession Arrangements — Payments made by an operator in a service concession arrangement
  • IAS 33 Earnings per Share — Calculating EPS with non-cumulative preference dividends

Wednesday 18 January (09:00h-14:55h)

Annual improvements – Comment letter analysis on June 2011 exposure draft

  • IFRS 1 First-time Adoption of International Financial Reporting Standards — Repeated application of IFRS 1
  • IFRS 1 First-time Adoption of International Financial Reporting Standards — Borrowing costs relating to qualifying assets for which the commencement date for capitalisation is before the date of transition to IFRSs
  • IAS 1 Presentation of Financial Statements — Clarification of the requirements for comparative information
  • IAS 16 Property, Plant and Equipment — Classification of servicing equipment
  • IAS 32 Financial Instruments: Presentation — Tax effect of distribution to holders of equity instruments
  • IAS 34 Interim Financial Reporting — Interim financial reporting and segment information for total assets

New items for initial consideration

  • IAS 2 Inventories — Long-term prepayments for inventory supply contracts
  • IAS 41 Agriculture — Disclosure of the components of changes in fair value and associates valuation techniques
  • IAS 28 Investments in Associates and SIC 13 Jointly Controlled Entities — Non-Monetary Contributions by Venturers — Definition of the term 'non-monetary asset' in SIC 13 and IAS 28 (2011)

Administrative session

  • Committee work in progress