IFRS Interpretations Committee meeting — 16–17 September 2014

Start date:

End date:

Location: London

IFRS IC meeting (blue)

The IFRS Interpretations Committee met in London on 16–17 September 2014. The Committee (1) continued discussions on a number of issues related to IFRS 5, IFRS 11, IAS 12, IFRIC 14, and the Conceptual Framework; and (2) considered new issues on IFRS 12, IFRS 13, IAS 28, IAS 39 and IFRIC 21.

Agenda for the meeting

TUESDAY, 16 SEPTEMBER 2014 (13:00-17:05)

Opening remarks and administrative matters

Items for continuing consideration

  • IFRS 11 – Classification of joint arrangements
  • IFRS 5 – Non-Current Assets Held for Sale and Discontinued Operations
    • Cover note
    • Summary of the issues
    • Other IFRS 5 issues that the IASB had previously considered but not addressed
    • Feedback from former IASB staff and members
    • Further analysis using complex fact patterns
    • Considerations of next steps
  • IAS 12 – Measurement of income tax on uncertain tax positions
  • IFRIC 14 – Availability of refunds from a defined benefit plan managed by an independent trustee
  • Conceptual Framework – Transition requirements for the revised Conceptual Frameworks

Administrative session

  • Interpretations Committee work in progress
  • Review of Interpretations Committee Activities

WEDNESDAY, 17 SEPTEMBER 2014 (9:00-11:45)

New items

  • IFRIC 21 – Levy on PPE of service provider
  • IAS 28 – Assessment of fund manager's significant influence over funds
  • IFRS 12 – Disclosures for a subsidiary with a material non-controlling interest and for a material joint venture or associate
  • IAS 39 – Accounting for embedded foreign currency derivatives in host contracts
  • IFRS 13 – The Fair Value Hierarchy – Using quoted prices provided by third parties


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

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