This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IFRIC Update - November 10-11, 2015

Start date:

End date:

Location: London

On November 19, 2015, the IFRS Interpretations Committee released a summary of its November 10 and 11 meeting.

The following items were discussed:

Items on the current agenda:

  • IFRS 9 Financial Instruments and IAS 28 Investments in Associates and Joint Ventures—Measurement of interests in associates and joint ventures that, in substance, form part of the net investment (Agenda Paper 5)
  • IAS 12 Income Taxes—Accounting for income tax consequences of interest payments on, and issuing costs of, financial instruments that are classified as equity (Agenda Paper 8)
  • IFRIC 12 Service Concession Arrangements—Payments by an operator to a grantor in a service concession arrangement in the scope of IFRIC 12 (Agenda Paper 2C)
  • IFRIC 12 Service Concession Arrangements—Accounting for combined service concession and lease arrangements (Agenda Paper 13)

Interpretations Committee’s tentative agenda decisions:

  • IFRS 9 Financial Instruments and IAS 39 Financial Instruments: Recognition and Measurement—Derecognition of modified financial assets (Agenda Paper 4)
  • IFRS 9 Financial Instruments—Determining hedge effectiveness for net investment hedges (Agenda Paper 11)
  • IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets—Variable payments for asset purchases (Agenda Papers 2–2B)
  • IAS 20 Accounting for Government Grants and Disclosure of Government Assistance—Accounting for recoverable cash payments (Agenda Paper 7)
  • IAS 32 Financial Instruments: Presentation—Offsetting and cash pooling (Agenda Paper 10)
  • IAS 36 Impairment of Assets—Recoverable amount and carrying amount of a cash-generating unit (Agenda Paper 14)

Other matters:

  • Definition of a business—Update on IASB proposals (Agenda Paper 3)
  • 2015 Agenda Consultation (Agenda Paper 9)
  • Interpretations Committee work in progress update (Agenda Paper 15)
Interpretations Committee’s agenda decision:
  • IAS 2 Inventories—Prepayments in long-term supply contracts

Review the IFRIC Update on the IASB's Web site.

Related Topics

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.