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IAS 32 — Items not added to the agenda

Background

This page presents a summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 32 Financial Instruments: Presentation together with the Committee's public explanation of the reasons for not adding those items to its agenda.

Related Discussions

  • IAS 27 — Put options written over non-controlling interests

  • Sep 02, 2010

  • The Committee received a request for guidance on how an entity should account for changes in the carrying amount of a financial liability for a put option, written over shares held by a non-controlling interest shareholder (‘NCI put’), in the consolidated financial statements of a parent entity.

  • IAS 32 — Shareholder discretion

  • Mar 04, 2010

  • The IFRIC received a request for guidance on whether a financial instrument, in the form of a preference share that includes a contractual obligation to deliver cash, is a financial liability or equity, if the payment is at the ultimate discretion of the issuer’s shareholders.

  • IFRS 4 — Scope issue for REITs

  • Jan 08, 2010

  • In some jurisdictions, a Real Estate Investment Trust (REIT) is a tax or regulatory designation used for an entity investing in real estate that meets certain criteria, for example to attain preferential income tax status. In some of these cases, the contractual terms of the ownership units of such REITs require it to distribute 90% of the Total Distributable Income (TDI) to the investors. The remaining 10% of TDI may be distributed at the discretion of management. The IFRIC received a request to provide guidance on whether the discretion to distribute the remaining 10% of TDI met the definition of a Discretionary Participation Feature (DPF) as defined in IFRS 4 'Insurance Contracts'.

  • IAS 32 — Application of the ‘fixed for fixed’ condition

  • Jan 07, 2010

  • The IFRIC received requests for guidance on the application of paragraph 22 of IAS 32 which states that ‘except as stated in paragraph 22A, a contract that will be settled by the entity (receiving or) delivering a fixed number of its own equity instruments in exchange for a fixed amount of cash or another financial asset is an equity instrument’ (often referred to as the ‘fixed-for-fixed’ condition).

  • IAS 32 — Classification of puttable and perpetual instruments

  • Mar 05, 2009

  • The IFRIC received a request for guidance on the application of paragraph 16A(c) of IAS 32. The request asked for guidance on the classification of an entity’s puttable instruments that are subordinate to all other classes of instruments when the entity also has perpetual instruments that are classified as equity.

  • IAS 32 — Transaction costs to be deducted from equity

  • Sep 04, 2008

  • The IFRIC received a request for guidance on the extent of transaction costs to be accounted for as a deduction from equity in accordance with IAS 32 paragraph 37 and on how the requirements of IAS 32 paragraph 38 to allocate transaction costs that relate jointly to one or more transaction should be applied. This issue relates specifically to the meaning of the terms ‘incremental’ and ‘directly attributable’.

  • IAS 39 — Gaming transactions

  • Jul 12, 2007

  • The IFRIC considered a submission relating to the accounting for wagers received by a gaming institution.

  • IAS 39 — Financial Instruments puttable at an amount other than fair value

  • Jan 11, 2007

  • The IFRIC received a submission regarding the classification in the financial statements of the holders of financial instruments puttable at the option of the holders at an amount other than fair value (the puttable instruments). The issues considered were: (1) how the puttable instruments should be accounted for in the financial statements of the holders (2) whether an entity that has control over an entity that has no equity instruments in issue is required to present consolidated financial statements.

  • IAS 32 — Puts and forwards held by minority interests

  • Nov 01, 2006

  • The IFRIC considered a request for clarification of the accounting when a parent entity has entered into a forward to acquire the shares held by the [non-controlling] minority interest in a subsidiary or the holder of the [non-controlling] minority interest can put its shares to the parent entity.

  • IAS 19 — Employee long service leave

  • Nov 03, 2005

  • The IFRIC considered whether a liability for long service leave falls within IAS 19 or whether it is a financial liability within the scope of IAS 32.

All Related