The Board discussed an issue as to the proposed wording that specifies adjustments should be made to an associates' profit or loss in recording the investors' equity accounted earnings in respect of goodwill but does not specify adjustments in respect of other business combination type adjustments. The Board agreed to clarify the wording.

The Board discussed a further issue that arose as a result of consequential amendments from IAS 16 that could result in an interpretation that in determining cash flows in an impairment test, the cash flows could be limited to the period of the shortest component separated out by IAS 16. The Board agreed to clarify the issue in the short-term but agreed that the issue would need to be addressed in more detail in the future.