Agenda and pre-meeting summaries for the May 2016 IFRS Interpretations Committee meeting

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29 Apr, 2016

The IFRS Interpretations Committee will meet at the IASB's offices in London on 10 May 2016. The agenda for the meeting is now available. We have also posted our pre-meeting summaries for the meeting that allow you to follow the decision making more closely.

The committee will be considering papers related to 10 topics. Three of those topics (Agenda items 6, 8 and 10) were originally scheduled for discussion in the March meeting but the Committee did not have sufficient time to deal with these matters. The staff papers for those topics are unchanged from those posted in March.

For eight of the matters being discussed the staff are recommending that the Interpretations Committee not take them onto the agenda. If the Committee agrees with these recommendations it will finalise three items and issue tentative decisions for the other five:

  • Recommended final agenda decisions: Government assistance on research activities; derecognition of modified financial assets; and the recoverable and carrying amounts of a cash-generating unit in an impairment assessment.
  • Recommended tentative agenda decisions: impairment of an investment in an associate or joint venture; service concession arrangements with leased infrastructure; written puts over NCI; recovery of deferred tax on indefinite life intangible assets; and fees and costs included in the derecognition test for financial liabilities.   

The meeting will also include a discussion the comments received on a proposal to amend IAS 40 Investment Property in relation to the conditions for reclassifying property to, or from, investment property. The Interpretations Committee has been developing the amendment for the IASB. The staff are recommending that, subject to some modifications to the proposal, the Interpretations Committee ask the Board to finalise the amendments. 

The remaining item is the draft interpretation of IAS 21 The Effects of Changes in Foreign Exchange Rates, when there is advance consideration. Discussion of this item is likely to continue at future meetings of the committee.   

The full agenda for the meeting and our detailed pre-meeting summaries can be found here. We will update this page for any changes to the agenda and our Deloitte observer notes from the meeting as they become available.

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