At its meeting on May 22-24, 2023, the IASB tentatively decided to clarify that management performance measures are measures that reflect management’s view of the performance of the entity as a whole, to confirm the proposal in paragraph B83 of the Exposure Draft, which states that, if one or more of an entity’s management performance measures are the same as part of the operating segment information disclosed by the entity in applying IFRS 8, the entity may disclose information about those management performance measures in the same note as the operating segment information, provided the entity either, includes in that note all the information required to be disclosed for management performance measures; or includes in a separate note all the information required for management performance measures. The IASB asked the staff to consider the relationship between paragraph B83 and the general requirement for presentation of notes in a systematic manner in paragraph 97 of the Exposure Draft when drafting the proposed Standard. The IASB discussed other outstanding issues related to management performance measures for which the staff had concluded no further action was required. It also discussed a consequential amendment to paragraph 23(f) of IFRS 8, which refers to a requirement in IAS 1 Presentation of Financial Statements to disclose the nature and amount of items of income or expense separately when they are material.

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At its meeting on May 22-24, 2023, the IASB discussed proposed changes to IAS 36 Impairment of Assets in relation to the impairment test of cash-generating units containing goodwill (impairment test). The IASB tentatively decided to retain the requirement to perform a quantitative impairment test annually and not to pursue any of the alternatives to it that were suggested by respondents to the IASB’s Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment. The IASB tentatively decided that it is not feasible to design a different impairment test that would, at a reasonable cost, be significantly more effective than the impairment test currently required by IAS 36. The IASB discussed suggestions to improve the effectiveness of the impairment test that were provided by respondents to its Discussion Paper, the criteria to consider those suggestions and feedback from the IASB’s consultative groups and the IFRS Interpretations Committee on some of those suggestions. The IASB was not asked to make any decisions.

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