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Remeasurement of previously held interests - IFRIC

Date recorded:

At its meeting on March 14-15, 2017, the IFRIC discussed feedback on the ED’s proposed amendments to IFRS 3 and IFRS 11. At this meeting, the Committee did not conclude on how an entity applies the remeasurement requirements in IFRS 3 to previously held interests in a joint operation—for example, whether an entity remeasures only assets and liabilities previously recognized or its entire previously held interest. The Committee recommended that the IASB discuss this topic at a future meeting. Other than this topic, the Committee recommended that the IASB finalize the proposed amendments to IFRS 3 and IFRS 11 with no significant changes.

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

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