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 - June 13, 2017

Start date:

End date:

Location: London

On June 21, 2017, the IFRS Interpretations Committee released a summary of its June 13, 2017 meeting.

The following items were discussed:

Items on the current agenda

  • IFRS 9 Financial Instruments—Modification or exchange of financial liabilities that do not result in derecognition
  • IAS 23 Borrowing costs—Borrowing costs on completed qualifying assets

Committee’s tentative agenda decisions

  • IFRS 3 Business Combinations—Acquisition of a group of assets that does not constitute a business
  • IAS 28 Investments in Associates and Joint Ventures—Acquisition of an associate or joint venture from an entity under common control
  • IAS 37 Provisions, Contingent Liabilities and Contingent Assets—Costs considered in assessing whether a contract is onerous
  • IAS 38 Intangible Assets—Goods acquired for promotional activities

Committee’s agenda decisions

  • IAS 19 Employee Benefits—Discount rate in a country that has adopted another country’s currency
  • IAS 32 Financial Instruments: Presentation—Centrally cleared client derivatives
  • IAS 33 Earnings per Share—Tax arising from payments on participating equity instruments
  • IAS 41 Agriculture—Biological assets growing on bearer plants

Other matters

  • IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors— Accounting policy changes resulting from agenda decisions
  • Committee work in progress

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

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.