At its meeting on May 17-19, 2018, the Board decided to gather evidence to help decide whether to start a project to develop proposals for targeted amendments to the requirements for defined benefit plans in IAS 19, Employee Benefits.

Review the IASB Update and podcast on the Board's Web site.

At its meeting on May 22, 2018, the Board discussed:(i) a summary of the results of a survey the staff have conducted on aggregation and disaggregation requirements in different jurisdictions; (ii) additional proposals to improve the level of aggregation and disaggregation of line items in the primary financial statements and in the notes; (iii) an analysis of expenses by function or by nature; and (iv) outstanding issues on management performance measures and adjusted earnings per share. The Board will continue discussing topics within the scope of the project at future Board meetings.

Review the IASB Update and podcast on the Board's Web site.

At its meeting on May 22, 2018, the Board tentatively decided that when developing and drafting disclosure requirements in future, the Board will:

1. base all disclosure requirements on one or more specific disclosure objectives. These objectives should explain why the information is useful to the primary users of financial statements, and what primary users of financial statements are expected to do with the information; and
2. draft all disclosure requirements so they explicitly state the underlying objective(s) and clearly link each item of information included in disclosure requirements with the related objective(s).

The Board also tentatively decided that it will continue to use high-level disclosure objectives within individual IFRS Standards. The purpose of these objectives would be to prompt entities to consider the overall disclosure relating to a particular topic in their financial statements and whether the information provided meets user information needs for that topic. The Board expects to continue its discussion on guidance for the Board to use when developing and drafting disclosure requirements at future meetings.

Review the IASB Update and podcast on the Board's Web site.

At its meeting on May 23, 2018, the Board tentatively decided that the measurement of regulatory assets should reflect:

1. estimates of the future cash flows the regulatory assets will generate. These cash flows include amounts that result from:
   1. the costs of assets used and operating expenses incurred;
   2. any margins on the operating expenses incurred; and
   3. any interest on the operating expenses incurred or returns on the costs of assets used; and
2. discounting the estimates of future cash flows if there is a significant financing component. The Board also tentatively decided that the measurement of regulatory assets should reflect changes, if any, in the estimates of the future cash flows the regulatory assets will generate. The Board also tentatively decided that the discount rate established at initial recognition should remain unchanged during the subsequent measurement of the regulatory assets. The Board will discuss additional aspects of the measurement of regulatory assets and regulatory liabilities at a future meeting.

Review the IASB Update and podcast on the Board's Web site.

At its meeting on May 23, 2018, the Board tentatively decided not to develop a document that would seek feedback solely about using the unrecognized headroom of a cash-generating unit (or group of units) as an additional input in the impairment testing of goodwill. The Board also tentatively decided to pursue including in the value in use calculation expected cash flows from future restructuring and future performance enhancements that management is more likely than not to undertake. At a future meeting, the Board will continue its discussions on the form and content of the consultation document to be issued as the next step in the project.

Review the IASB Update and podcast on the Board's Web site.

At its meeting on May 23, 2018, the Board tentatively decided to amend Illustrative Example 13 accompanying IFRS 16 Leases as part of its next annual improvements to IFRS Standards. The proposed amendment would remove from the example the illustration of the reimbursement of leasehold improvements by the lessor.

Review the IASB Update and podcast on the Board's Web site.