IFRS Interpretations Committee meeting — 14 July 2015

Start date:

End date:

Location: London

IFRS IC meeting (blue)

The IFRS Interpretations Committee met at the IASB's offices in London on 14 July 2015. The Committee:

  • deliberated on comments received on IFRS 2
  • continued discussion of issues arising on IAS 2/IAS 38, IAS 23, and IFRS 11;
  • considered finalising a tentative agenda decision on IFRIC 14;
  • considered new issues on IAS 12.

Agenda for the meeting

TUESDAY, 14 JUNE 2015 (10:00-15:15)

Opening remarks, administrative matters, and meeting minutes of the May meeting

Deliberation of comments received

  • IFRS 2
    • Effects of vesting conditions on the measurement of a cash-settled share-based payment
    • Accounting for a modification to the terms and conditions of a share-based payment that changes the classification of the transaction from cash-settled to equity-settled
    • Classification of share-based payment transactions with net settlement features

Items for continuing consideration

  • IAS 2/IAS 38
    • Should interest be accreted on prepayments in long-term supply contracts?
  • IFRS 11
    • Should a pre-existing interest in a joint operation be remeasured when the entity becomes a joint operator through acquisition of an additional interest in the joint operation
  • IAS 23
    • When construction of a qualifying asset is complete, if the specific borrowings used to finance it are still outstanding, should those borrowings be included in general borrowings?

Finalisation of a tentative agenda decision

  • IFRIC 14
    • Should an entity assume continuation of a minimum funding requirement?

New issues

  • IAS 12
    • Recognition of deferred taxes for the effect of exchange rate changes on the tax basis of non-current assets through profit or loss

Administrative session: Work in progress and review of Interpretations Committee activity to May 2015

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

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