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IFRS Interpretations Committee meeting — 8-9 September 2015

Start date:

End date:

Location: London

IFRS IC meeting (blue)

The IFRS Interpretations Committee met at the IASB's offices in London on 8-9 September 2015. The Committee:

  • continued discussion of issues arising on IAS 16, IAS 16/IAS 38/IFRIC 12, IAS 32, IFRS 5, and IFRS 1;
  • discussed the agenda consultation; and
  • considered new issues on IAS 39 and IFRS 9.

Agenda for the meeting


TUESDAY, 8 September 2015 (10:00-17:00)

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

Items for continuing consideration

  • IFRS 5
    • Report back to the IASB discussion and decisions on IFRS 5 issues
    • To what extent can an impairment loss be allocated to non-current assets within a disposal group
    • Presentation of intragroup transactions between continuing and discontinued operations
    • Proposal to publish a tentative agenda decision on various IFRS 5 related issues
  • IAS 16
    • Accounting for proceeds and cost of testing PPE: should net proceeds reduce cost of asset?
    • Draft Interpretation — Accounting for proceeds and cost of testing PPE
  • IAS 32
    • Classification of liability for schemes similar to prepaid cards issued by a bank
  • IFRS 11
    • Remeasurement of previously held interests: Acquisition of control over a joint operation
    • Remeasurement of previously held interests: Loss of control transaction
    • Remeasurement of previously held interests: Change of interests’ transaction resulting in an acquisition of joint control
  • IAS 16/IAS 38/IFRIC 12
    • Variable payments for asset purchases and payments made by an operator to a grantor in a service concession arrangement: Possible alternatives
    • Variable payments for the purchases of property, plant and equipment and intangible assets
    • Payments made by an operator to a grantor
    • Variable payments for asset purchases and payments made by an operator to a grantor in a service concession arrangement: Simplified Examples

Other topics

  • 2015 Agenda consultation

Administrative session: Work in progress

 

WEDNESDAY, 9 September 2015 (09:00-11:10)

New issues

  • IAS 39
    • Separation of an embedded floor from a floating rate host contract in a negative interest rate environment
  • IFRS 9
    • Impairment of long-term interests
    • Transition for hedge accounting

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

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