IASB Meeting — 22–23 May 2018

Start date:

End date:

Location: London

IASB (International Accounting Standards Board)


The IASB met for a two-day meeting on 22-23 May 2018 and discuss six projects.

The Board discussed the primary financial statements project, focusing on aggregation and disaggregation of line items in the financial statements, criteria to help entities determine whether to analyse expenses by function or by nature and some remaining issues in relation to management performance measures (MPMs) and earnings per share (adjusted EPS) from the April 2018 Board meeting.

The Board had an initial discussion of establishing guidance for it to use when developing and drafting disclosure objectives and requirements.

The Board considered the staff analysis of Business Combinations under Common Control and what they describe as the Full Fair Value and Ceiling approaches.

The Board supported the staff recommendation to measure rate-regulated assets on a basis that reflects estimates of the future cash flows arising from the assets, updated if necessary, and discounted if there is a significant financing component.

The Board was asked to decide the form of consultation document that should be issued as the next step in the project on goodwill and Impairment. The Board had asked the staff to provide it with some additional analysis when it considered this in April. However, the Board deferred that decision again and asked the staff to bring back the alternative solutions and a strategy.

The Board decided to propose an amendment (in the next Annual Improvements cycle) to an illustrative example in relation to lease incentives that is included in the material accompanying IFRS 16 Leases.

The Board was given a summary of the Insurance Contracts Transition Resource Group meeting held on 2 May and a report on implementation challenges.


Agenda for the meeting

Tuesday 22 May 2018
  • Primary financial statements:
    • Results from NSS disaggregation survey
    • Additional proposals on aggregation and disaggregation
    • Staff proposals on analysis of expenses
    • Outstanding issues on management performance measures (MPMs) and adjusted EPS

Wednesday 23 May 2018

  • Disclosure initiative — disclosure objectives
  • Business combinations under common control
  • Rate-regulated activities — measurement
  • Goodwill and impairment
  • Implementation of lease incentives (IFRS 16)
  • Insurance contracts:
    • Summary of the TRG for IFRS 17 meeting held in May 2018
    • TRG for IFRS 17 submissions
    • TRG for IFRS 17 implementation challenges

Agenda papers for this meeting are available on the IASB's website.

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