IFRS Interpretations Committee meeting – 10-11 March 2011

Start date:

End date:

Location: London

About meeting notes

IFRIC (International Financial Reporting Interpretations Committee) (blue) The IFRS Interpretations Committee continued deliberations on accounting for production phase stripping costs in the mining industry, put options written over non-controlling interests, and contingent pricing of property, plant and equipment. The Committee also considered a number of other issues.

Agenda for the meeting

Thursday 10 March (10:00-18:15)

Introduction/Administrative session

Active Committee projects

  • IAS 16 Property, Plant and Equipment – Accounting for production phase stripping costs in the mining industry
  • IAS 32 Financial Instruments: Presentation – Put options written over non-controlling interests
  • IAS 16 Property, Plant and Equipment – Contingent pricing of property, plant and equipment

Review of Tentative Agenda Decisions published in January IFRIC Update

  • IAS 37 Provisions, Contingent Liabilities and Contingent Assets – Inclusion of own credit risk in discount rate
  • IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors – Hierarchy of guidance to select an accounting policy

Items for continuing consideration

  • IFRS 2 Share-based Payments – Share-based payment awards settled net of tax withholding

Active Committee projects

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

Friday 11 March (09:00h-11:45h)

New items for initial consideration

      • IFRIC 15 Agreements for the Construction of Real Estate – Clarification of meaning of continuous transfer

Board projects

      • Targeted consultation on post implementation review framework

Administrative session – Committee work in progress

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