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Review of tentative agenda decisions

Date recorded:

The Committee re-deliberated its tentative agenda decisions published in the March 2010 IFRIC Update (see our meeting notes from the March 2010 meeting).

IFRS 1 First-time Adoption of International Financial Reporting Standards – Accounting for costs included in self-constructed assets on transition

The Committee confirmed the tentative agenda decision published in the March 2010 IFRIC Update without any editorial changes.

IFRS 5 Non-current Assets Held for Sale and Discontinued Operations – Reversal of disposal group impairment losses relating to goodwill

The Committee briefly discussed concerns expressed by the regulators that the agenda decision might lead to greater use of the reversal of impairment of goodwill as it indicated that the Standards are not clear. The regulators feared that such wording might lead to structuring. Nonetheless, the Committee confirmed the tentative agenda decision published in the March 2010 IFRIC Update without any editorial changes as it believed that it represents the current Standards.

IAS 26 Accounting and Reporting by Retirement Benefit Plans – Valuation of plan assets

The Committee confirmed the tentative agenda decision published in the March 2010 IFRIC Update without any editorial changes.

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.