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IFRS® Taxonomy Update-Prepayment Features with Negative Compensation (Amendments to IFRS 9) [Completed]

Effective date:

The IFRS Taxonomy 2018 was published on March 16, 2018

Last up­dated:

March 2018

Overview

In October 2017, the IFRS Foun­da­tion pub­lished for pub­lic com­ment the Pro­posed Up­date to the IFRS Taxonomy for Prepayment Features with Negative Compensation (Amendments to IFRS 9), which was issued by the International Accounting Standards Board (the Board) on the same date.

In March 2018, the IFRS Foundation published the IFRS Taxonomy Update — Annual Improvements and the IFRS Taxonomy Update — Prepayments Features with Negative Compensation (Amendments to IFRS 9). The IFRS Taxonomy 2018 incorporates the changes resulting from these two updates.

The amendments to IFRS 9 allow companies to measure particular prepayable financial assets with so-called negative compensation at amortised cost or at fair value through other comprehensive income if a specified condition is met—instead of at fair value through profit or loss.

As a result of the amendments made to IFRS 9, two tables have been added to the IFRS Taxonomy—one for financial assets and the other for financial liabilities.

 

Other de­vel­op­ments

March 2018

On March 16, 2018, the IFRS Foundation published the IFRS Taxonomy Update — Prepayments Features with Negative Compensation (Amendments to IFRS 9).

February 2018

On February 23, 2018, the IASB® staff updated the work plan to indicate that the Board expects to issue the final update to the IFRS Taxonomy in March 2018.

December 2017 

On December 18, 2017, the IASB staff updated the work plan to indicate that the Board expects to review the Proposed Taxonomy Update Feedback in February 2018. 

October 2017

On October 27, 2017, the IASB staff up­dated the work plan to in­di­cate that  the Board expects to re­view the Pro­posed Taxonomy Up­date Feed­back in Q1/2018.

On October 12, 2017, the IFRS Foundation published for public comment the Proposed Update to the IFRS Taxonomy for Prepayment Features with Negative Compensation (Amendments to IFRS 9).

 

Correction list for hyphenation

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