The staff recommended an amendment to the proposed new IFRS for segment reporting to extend the scope so as to include non-public entities. The Board disagreed with this proposal on the basis that it would consider this scope issue when it deals with the NPAE project.

The Board agreed with the staff two other recommendations, which were that:

• the wording for the capital expenditure of the new IFRS should have the same approach as that of the SFAS 131, but should be expressed in terms already used in IFRSs; and
• requirements for interim period segment information should be included in IAS 34 by means of a consequential amendment of the proposed IFRS on segment reporting.