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IFRIC Update

Date recorded:

Report of the March IFRIC meeting

The Director of IFRIC and Implementation Activities made an oral report of the IFRIC meeting held 4-5 March 2010 (see Our Notes of that meeting).

In particular the Board discussed the amount of items related to IFRS 2 and noted that elimination of potential differences with US GAAP with regards to vesting conditions was the right way to proceed.

Some Board members challenged the IFRIC decision to suggest annual improvement regarding the 'Tax effect of distribution to equity holders'. Nonetheless, the Chairman stressed that this issue would be addressed separately when Annual Improvements' Cycle 2009-2011 are deliberated.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.