Proposed Amendments to IFRS 2 and IFRIC 11 - Group cash-settled share-based payment transactions

Date recorded:

The purpose of this session was for the staff to summarise the IFRIC discussions and recommendations to the Board from the May and July 2008 meetings, along with the rationales underlying the recommended changes from the proposals in the ED. The staff agenda was to discuss first the issue of scope and then to agree on measurement. The Board discussed how group cash-settled share-based payment transactions should be treated in the separate financial statements of the subsidiary. There was a divergence of views as to whether these transactions were actually in the scope of IFRS 2 or should be considered under IAS 19 or IAS 39. It was agreed that if services were provided by employees, then (at least part of) the debit was within the scope of IFRS 2 or IAS 19. No further conclusions were reached.

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