The Board considered a pre-ballot draft of a proposed exposure draft. The staff identified two issues for further consideration.

Capitalisation of post-employment benefits

Paragraph 62 of IAS 19 notes that other IFRSs require the inclusion of employee benefit costs, including post-employment benefit costs, within the cost of assets such as inventories or property, plant, and equipment. The Board discussed whether, if actuarial gains and losses are recognised immediately, their full amount should be capitalised.

IAS 19 currently requires that if an entity recognises actuarial gains and losses in full in income, an appropriate proportion of the gains and losses must be included in the employee benefit costs that are capitalised.

The staff proposed that IAS 19 be amended so that only the current service cost is eligible for capitalisation.

The Board did not necessarily disagree with the staff's recommendations but believed the issue could not be dealt with adequately in this exposure draft.

The title of the statement of changes in equity that excludes transactions with owners

The staff recommended using the title "statement of total recognised income and expense" and proposed a consequential amendment to the illustrative example in IAS 1.

The Board agreed to retain the description in the revised IAS 1 appendix, being "statement of recognised income and expense".

No Board members indicated they would dissent from the exposure draft.