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IFRS Interpretations Committee meeting – 4-5 November 2010

Start date:

End date:

Location: London

About meeting notes

IFRIC (International Financial Reporting Interpretations Committee) (blue) The IFRS Interpretations Committee met at the IASB's offices in London on Thursday and Friday, 4-5 November 2010.

Agenda for the meeting

Thursday 4 November 2010 (10:00-18:00) and Friday 5 November 2010 (09:00-12:00)

Introduction / Administrative session

IFRS 2 presentation

  • The French Standard Setter (the ANC) presents the outcome of the work performed on IFRS 2

Active Committee projects

  • IFRS 2 Share–based Payment – Vesting and non–vesting conditions

Review of Tentative Agenda Decisions published in September IFRIC Update

  • IAS 12 Income Taxes – Recognising deferred tax assets for unrealised losses on AFS debt securities
  • IAS 19 Employee Benefits – Accounting for statutory employee profit sharing arrangements
  • IFRS 2 Share– based Payment – Share–based payment awards settled net of tax withholdings
  • IAS 1 Presentation of Financial Statements – Current/non–current classification of callable term loan
  • IAS 36 Impairment of Assets – Calculation of value in use
  • IAS 32 Financial Instruments: Presentation – Put options written over non–controlling interests

New items for initial consideration

  • IAS 36 Impairment of Assets – Disclosure of the recoverable amount
  • IAS 37 Provisions, Contingent Liabilities and Contingent Assets – Inclusion of own credit risk in discount rate
  • IAS 1 Presentation of Financial Statements – Current/non current classification of debt (Rollover agreements)
  • IAS 41 Agriculture – Revenue on sale of agricultural produce
  • IFRS 3 Business combinations – Settlement of pre–existing relationships

Administrative session – IFRS Interpretations Committee work in progress

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

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