IFRIC Update - January 12, 2016
Start date:
End date:
Location: London
On January 22, 2016, the IFRS Interpretations Committee released a summary of its January 12 meeting.
The following items were discussed:
Items on the current agenda:
- IAS 32 Financial Instruments: Presentation—Classification of liability for prepaid card in the issuer’s financial statements
Interpretations Committee’s tentative agenda decisions:
- IFRIC 12 Service Concession Arrangements—Payments made by an operator to a grantor in a service concession arrangement
Other matters:
- Interpretations Committee work in progress update
Interpretations Committee’s agenda decisions:
- IFRS 5 Non-current Assets Held for Sale and Discontinued Operations—To what extent can an impairment loss be allocated to non-current assets within a disposal group?
- IFRS 5 Non-current Assets Held for Sale and Discontinued Operations—How to present intragroup transactions between continuing and discontinued operations
- IFRS 5 Non-current Assets Held for Sale and Discontinued Operations—Other various IFRS 5-related issues
- IFRS 9 Financial Instruments—Transition issues relating to hedging
- IFRS 11 Joint Arrangements—Remeasurement of previously held interests
- IAS 12 Income Taxes—Recognition of deferred taxes for the effect of exchange rate changes
- IAS 39 Financial Instruments: Recognition and Measurement—Separation of an embedded floor from a floating rate host contract in a negative interest rate environment
Review the IFRIC Update on the IASB's Web site.