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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.

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