Annual Improvements to IFRSs 2018-2020 Cycle - IASB

Date recorded:

At its meeting on January 25, 2018, the IASB discussed the IFRIC’s recommendation to propose an amendment to IAS 41, Agriculture, as part of the Board’s next Annual Improvements Cycle. The amendment would remove the requirement for entities to exclude cash flows for taxation when measuring the fair value of biological assets using a present value technique. All Board members agreed with the proposal.

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