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IFRS Interpretations Committee meeting – 13-14 March 2012

Start date:

End date:

Location: London

About meeting notes

Agenda for the meeting

Tuesday 13 March 2012 (10:00-17:45)

    Introduction

    Active Committee projects

    • 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

    Items for continuing consideration

    • IFRIC 12 Service Concession Arrangements — Payments made by an operator in a service concession arrangement
    • IFRS 11 Joint Arrangements — Acquisition of interest in joint operation
    • IAS 28 Investments in Associates — Application of the equity method when an associate's equity changes outside of comprehensive income
    • IAS 16 Property, Plant and Equipment — Revenue-based depreciation method
    • IAS 7 Statement of Cash Flows — Review of requests in relation to IAS 7

    Wednesday 14 March 2012 (09:00-14:15)

    New items for initial consideration

    • IAS 1 Presentation of Financial Statements and IAS 12 Income Taxes — Presentation of payments of non-income taxes
    • IAS 12 Income Taxes — Accounting for market value uplifts on assets that are to be introduced by a new tax regime
    • IAS 16 Property, Plant and Equipment, IAS 38 Intangible Assets and IAS 17 Leases — Purchase of a right to use land
    • IAS 39 Financial Instruments: Recognition and Measurement and IFRS 9 Financial Instruments — Term-extending options in fixed rate debt instruments
    • IAS 27 Consolidated and Separate Financial Statements and SIC 13 Jointly Controlled Entities – Non-Monetary Contributions by Venturers — Definition of the term 'non-monetary asset'

    Administrative session

    • Committee work in progress
    • Committee statistics
    • Proposals for revisions to the agenda criteria