IFRS Interpretations Committee meeting — 13–14 November 2012

Start date:

End date:

Location: London

IFRS IC meeting (blue)

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.

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