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Review of tentative agenda decisions published in November 2009 IFRIC Update

Date recorded:

The IFRIC redeliberated its tentative agenda decisions published in the November 2009 IFRIC Update.

IAS 38 Intangible Assets – Amortisation method

The IFRIC discussed the comments letters received to its November tentative agenda decision as well as new arguments presented. The IFRIC members were split in discussing whether to add the issue to the IFRIC agenda. As no alternative (finalisation of the agenda decision as drafted or adding it to the agenda) did get the required support, the IFRIC decided to finalise the agenda decision to reflect that IFRIC was unable to achieve consensus on that issue.

IFRS 2 Share-based Payment – Share-based payment transactions in which the manner of settlement is contingent on future events

The IFRIC confirmed the tentative agenda decision published in the November IFRIC Update subject to minor drafting changes.

One IFRIC member suggested that this decision might be revisited in light of the progress on the IFRS 2 – Vesting Conditions project. Most IFRIC members preferred that all more complex IFRS 2 issues were addressed together as part of the post-implementation review of IFRS 2.

IAS 27 Consolidated and Separate Financial Statements – Presentation of comparatives when applying the 'pooling of interests' method

The IFRIC confirmed the tentative agenda decision published in the November IFRIC Update subject to minor drafting changes.

IAS 27 Consolidated and Separate Financial Statements – Combined Financial Statements and Redefined Reporting Entities

The IFRIC confirmed the tentative agenda decision published in the November IFRIC Update.

IAS 18 Revenue – Receipt of a dividend of treasury shares

The IFRIC confirmed the tentative agenda decision published in the November IFRIC Update.

IFRS 4 Insurance Contracts and IAS 32 Financial Instruments Presentation – Scope issue for investments in REITs

The IFRIC confirmed the tentative agenda decision published in the November IFRIC Update subject to minor drafting changes.

IAS 32 Financial Instruments: Presentation – 'Fixed for fixed' condition

The IFRIC confirmed the tentative agenda decision published in the November IFRIC Update subject to minor drafting changes.

Correction list for hyphenation

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