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Work in progress

Date recorded:

Work in progress (Agenda Paper 5)

The Committee will discuss the staff's analysis of comments on the tentative agenda decision 'Application of the Highly Probable Requirement in a Cash Flow Hedge Relationship (IFRS 9 Financial Instruments)’ and ‘Liabilities in Relation to a Joint Operator’s Interest in a Joint Operation (IFRS 11 Joint Arrangements)’ at a future meeting.

At the June 2018 meeting, the Committee decided to research possible narrow-scope standard-setting on the exchange rate of a reporting entity when it translates the results and financial position of a foreign operation into its presentation currency and the spot exchange rate is not observable. The Committee will discuss this matter at a future meeting.

The staff have also received requests in relation to (i) IFRS 16 Leases or IAS 38 Intangible Assets about subsurface rights; and (ii) IAS 19 Employee Benefits about defined contribution vs. defined benefit plan. The staff are in the process of analysing these matters.

Discussion

The staff have highlighted that a tentative agenda decision regarding holding of cryptocurrencies will be circulated in the next meeting. There was no discussion on this agenda point.

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.