March 2016 IFRS Interpretations Committee meeting notes posted
23 Mar, 2016
The IFRS Interpretations Committee met in London on 22 March 2016. We've posted Deloitte observer notes for the technical issues discussed during this meeting.
Please click through for the notes relating to the following issues:
- Items for continuing consideration:
- IAS 16 — Accounting for proceeds and costs of testing of PPE
- IFRS 11 — Remeasurement of previously held interests
- IAS 32 — Classification of liability for prepaid cards in the issuer’s financial statements
- IAS 12 — Accounting for income tax consequences of payments on financial instruments classified as equity
- IFRIC 12 — Combined service concession and lease arrangements
- IFRS 9/ IAS 28 — Long-term interests
- Agenda decisions to finalise:
Please note that the following issues were not discussed during the meeting due to a lack of time. The links below take you to a summary of the agenda paper and staff recommendation only. The issues will be discussed during the May 2016 IFRS Interpretations Committee meeting:
- IAS 36 — Recoverable amount and carrying amount of a cash-generating unit
- IFRS 9/ IAS 39 — Derecognition of modified financial assets
- IAS 12 — Expected manner of recovery when calculating DT on indefinite life intangible assets