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.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.