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IFRS Interpretations Committee meeting — 13–14 May 2014

Start date:

End date:

Location: London

IFRS IC meeting (blue)

The IFRS Interpretations Committee met in London on 13–14 May 2014. The Committee (1) continued discussion on a number of issues related to IFRS 5, IFRS 7, IFRS 11, IAS 16, IAS 19 and IAS 34; (2) considered finalising tentative agenda decisions on IFRS 2, IFRS 3, IFRS 11, IAS 1, IAS 12, IAS 16, IAS 19, IAS 32 and IAS 37; and (3) considered new issues on IAS 19 and IFRIC 14.

Agenda for the meeting

TUESDAY, 13 MAY 2014 (10:00-16:50)

Opening remarks and administrative matters

Items for continuing consideration

  • IFRS 11 – Analysis of implementation issues

Finalisation of tentative agenda decisions

  • IFRS 11 – Classification of joint arrangements

Items for continuing consideration

  • IAS 16 – Whether 'core inventories’ held in an entity’s own facilities are accounted for as inventories or as property, plant and equipment

Finalisation of tentative agenda decisions

  • IFRS 2 – Price difference between the institutional offer price and the retail offer price for shares in an initial public offering
  • IAS 12 – Recognition of deferred tax assets for unrealised losses
  • IAS 12 – Threshold of recognition of an asset on uncertain tax position
  • IAS 12 – Impact of an internal reorganisation on deferred tax
  • IAS 37 – Measurement of liabilities under IAS 37 within the context of emission trading schemes
  • IFRS 3 & IFRS 10 – Identification of the acquirer in accordance with IFRS 3 and the parent in accordance with IFRS 10 in a stapling arrangement
  • IAS 19 – Employee benefit plans with a guaranteed return on contributions or notional contributions
  • IAS 32 – Classification of an instrument that is mandatorily convertible into a variable number of shares, subject to a cap and a floor
  • IAS 16 – Disclosure of carrying amount information for assets stated at revalued amounts
  • IAS 1 – Issues related to the application of IAS 1

New issues

  • IFRIC 14 – Availability of refunds from a defined benefit plan managed by an independent trustee
  • IAS 19 – Remeasurement at a plan amendment or curtailment

Administrative session

WEDNESDAY, 14 MAY 2014 (9:00-11:30)

Items for continuing consideration

  • Annual improvements (2012–2014 cycle)
    • IFRS 5 – Changes in methods of disposal
    • IFRS 7 – Servicing contracts
    • IFRS 7 – Applicability of the amendments to IFRS 7 on offsetting disclosures to condensed interim financial statements
    • IAS 19 – Discount rate: regional market issue
    • IAS 34 – Disclosure of information 'elsewhere in the interim financial report'


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

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