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IFRS Interpretations Committee meeting — 13-14 November 2012

Start date:

End date:

Location: London

The IFRS Interpretations Committee held its regular meeting in London on 13-14 November 2012.

Agenda for the meeting

Tuesday, 13 November 2012 (10:00-17:45)

Introduction

Active Committee Projects

  • IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets, IFRIC 12 Service Concession Arrangements — Variable payments for the separate acquisition of PPE and intangible assets
  • IAS 19 Employee Benefits — Accounting for contribution based promises

Review of Tentative Agenda Decisions published in July IFRIC Update

  • IAS 39 Financial Instruments: Recognition and Measurement — Accounting for different aspects of restructuring Greek Government bonds
  • IAS 18 Revenue, IAS 37 Provisions, Contingent Liabilities and Contingent Assets, and IAS 39 Financial Instruments: Recognition and Measurement — Regulatory assets and liabilities

Items for continuing consideration

  • IFRS 3 Business Combinations — Accounting for reverse acquisition transactions where the acquiree is not a business
  • IAS 41 Agriculture and IFRS 13 Fair Value Measurement — Valuation of biological assets using a residual method
  • IAS 19 Employee Benefits — Measurement of the net DBO for post employee benefit plans with employee contributions

Due Process Documents

Annual Improvements

  • IFRS 8 — Aggregation of operating segments
  • IFRS 8 — Reconciliation of the reportable segments' assets to the entity's assets
  • IFRS 13 — Short-term receivables and payables
  • IAS 12 — Recognition of deferred tax assets for unrealised losses

New Items for initial consideration

  • IAS 10 Events after the Reporting Period — Reissue of financial statements
  • IAS 34 Interim Financial Reporting — Disclosure of information "elsewhere in the interim financial report"

Wednesday, 14 November 2012 (09:00-15:25)

Due Process Documents

  • IAS 37 Provisions, Contingent Liabilities and Contingent Assets and IFRIC 6 Liabilities arising from Participating in a Specific Market—Waste Electrical and Electronic Equipment — IFRIC Interpretation X Levies

New items for initial consideration

  • IAS 1 Presentation of Financial Statements — Disclosures requirements about assessment of going concern
  • IAS 19 Employee Benefits — Determination of discount rate
  • IFRS 2 Share-based Payment — Timing of recognition of liability
  • IFRS 3 Business Combinations — Mandatory purchase of NCI in BC obtaining control of listed entity

 

Agenda papers from this meeting are available on the IASB's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.