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IFRS Interpretations Committee meeting – 6–7 January 2011

Start date:

End date:

Location: London

IFRS IC (IFRS Interpretations Committee) (blue) The IFRS Interpretations Committee met at the IASB's offices in London on 6–7 January 2011. The Committee continued deliberations on the accounting for production phase stripping costs in the mining industry and put options written over non-controlling interests, tentatively agreed to add a project to its agenda on contingent pricing of property, plant and equipment and intangible assets, and considered a number of other matters.

Agenda for the meeting

THURSDAY 6 JANUARY (10:00-17:30)


Active Committee projects

  • Accounting for production phase stripping costs in the mining industry

Review of Tentative Agenda Decisions published in November IFRIC Update

  • IAS 37 Provisions, Contingent Liabilities and Contingent Assets - Inclusion of own credit risk in discount rate

New items for initial consideration

  • IFRS 3 Business Combinations and IAS 39 Financial Instruments Recognition and Measurement - Hedging the foreign exchange risk in a business combination
  • IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors - Hierarchy of guidance to select an accounting policy

Active Committee projects

  • IAS 32 Financial Instruments: Presentation - Put options written over non-controlling interests

Annual improvements

  • Annual improvements criteria - comment letter analysis

Items for continuing consideration

  • IAS 1 Presentation of Financial Statements - Current/non-current classification of debt (rollover agreements)

FRIDAY 7 JANUARY (09:00-10:45)

New items for initial consideration

  • IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets - Contingent pricing of property, plant and equipment and intangible assets

Administrative matters


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

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