This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Work in progress

Date recorded:

Agenda paper 3

The Staff will present its analysis of the feedback received on the three tentative agenda decisions regarding the application of IFRS 15 to real estate contracts together at a future meeting.

The Staff are also currently in the process of analysing the following matters:

  • IFRS 9: Dual currency bonds – whether a dual currency bond meets the solely payments of principal and interest condition in IFRS 9
  • IFRS 9: Load following swaps – whether an instrument for which the notional amount varies depending on the outcome of a transaction can be a hedging instrument applying IFRS 9
  • IAS 7: Short-term loans as cash equivalents – whether a short-term loan repayable on demand can be classified as cash and cash equivalents if the balance does not fluctuate between positive and negative
  • IAS 12: How the initial recognition exemption in paragraphs 15 and 24 of IAS 12 applies to the recognition of right-of-use assets and lease liabilities arising under IFRS 16
  • IAS 37: Voluntary payment of taxes other than income taxes – whether a voluntary payment made to a tax authority should be recognised as an asset or an expense in particular circumstances.


There was no discussion on this paper.

The Chair mentioned that the Board will carry out a post-implementation review (PIR) on IFRS 5 as they saw a need for it from the responses to the Agenda Consultation. Outstanding IFRS 5-related submissions to the IC will be addressed as part of the PIR.

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.