IFRS Interpretations Committee meeting – 5-6 May 2011

Start date:

End date:

Location: London

About meeting notes

IFRS IC (IFRS Interpretations Committee) (blue) The IFRS Interpretations Committee deliberated the accounting for production phase stripping costs in the mining industry, contingent pricing of property, plant and equipment, and a potential clarification of the meaning of 'continuous transfer' in IFRIC 15. The Committee also discussed a number of other topics.

Agenda for the meeting

Thursday 5 May 2011 (10:00h-17:45h)

  • Introduction
  • Active Committee projects
    • IAS 16 Property, Plant and Equipment – Accounting for production phase stripping costs in the mining industry
    • IAS 16 Property, Plant and Equipment – Contingent pricing of property, plant and equipment and intangible assets
  • Items for continuing consideration
    • IFRIC 15 Agreements for the Construction of Real Estate – Clarification of meaning of continuous transfer
  • New items for initial consideration
    • IFRS 8 Operating Segments – Reconciliation of segment assets in IFRS 8
    • IAS 7 Statement of Cash Flows – Classification of interest paid that is capitalised
    • IFRS 2 Share-based Payment – Modifications that affect classification of the award
    • IAS 16 Property, Plant and Equipment – Revaluation method — proportionate restatement
    • IAS 16 Property, Plant and Equipment – Cost of testing asset — element of cost


Friday 6 May (09:00h-14:15h)

  • New items for initial consideration(continued)
    • IAS 19 Employee Benefits Defined contribution plans with vesting conditions
    • IAS 27 Consolidated and Separate Financial Statements Contributions to a jointly-controlled entity or associate
    • IAS 37 Provisions, Contingent Liabilities and Contingent Assets and IFRIC 6 Liabilities arising from Participating in a Specific Market — Waste Electrical and Electronic Equipment: Recognition of a Liability
    • IAS 28 Investment in Associates: Equity Method
  • Administrative session - Committee work in progress


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