IFRIC Update - September 6-7, 2016

Start date:

End date:

Location: London

On September 19, 2016, the IFRS Interpretations Committee released a summary of its September 6-7, 2016 meeting.

Items on the current agenda:

  • IAS 12 Income Taxes—Uncertainty over Income Tax Treatments—analysis of matters raised in comment letters
  • IAS 19 Employee Benefits and IFRIC 14 IAS 19—The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction—analysis of matters raised in comment letters on the proposed amendments
  • IFRS 9 Financial Instruments and IAS 28 Investments in Associates and Joint Ventures—long-term interests in associates and joint ventures
  • IAS 16 Property, Plant and Equipment—proceeds and costs of testing property, plant and equipment
  • IFRS 9 Financial Instruments and IAS 39 Financial Instruments: Recognition and Measurement—fees and costs included in the ‘10 per cent’ test for the purpose of derecognition

Interpretations Committee's tentative agenda decision

  • IAS 12 Income Taxes—recognition of deferred taxes when acquiring a single-asset entity that is not a business

Interpretations Committee's agenda decision

  • IFRIC 12 Service Concession Arrangements—service concession arrangements with leased infrastructure

Other matters:

  • Issue on the September 2016 meeting agenda postponed to a future Interpretations Committee meeting
  • Update on the Board's 2015 Agenda Consultation
  • Interpretations Committee work in progress update

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

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