November 2016 IFRS Interpretations Committee meeting notes posted
09 Nov, 2016
The IFRS Interpretations Committee met in London on 8 November 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:
Item for continuing consideration:
Finalisation of draft agenda decisions:
- IAS 12 — Expected manner of recovery of intangible assets with indefinite useful lives
- IAS 32 — Written put option over NCI
Deliberations of comments received:
New issues:
- IFRS 10 — Investment entity consolidation
- IFRS 9 — Modification/ exchange gains/ losses of financial liabilities that do not result in derecognition
- IFRS 9 — Impact of symmetric ‘make whole’ and fair value prepayment options on assessment of the ‘solely payments of principal and interest on the principal amount outstanding’ (SPPI) condition
- IFRS 5/IFRS 9/IAS 39 — Application of IFRS 9/ IAS 39 relating to transactions of a subsidiary when the subsidiary is held for sale (including application of the business model assessment requirements in IFRS 9)
- Commodity loans (an issue not falling into any particular standard)
Issue on hold:
Post implementation review:
Administrative session:
The preliminary and unofficial notes taken by Deloitte observers for the entire meeting are also available.