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Annual Improvements 2008-2009

Date recorded:

Proposed amendment to IFRS 8 Operating Segments: Disclosure of information about segment assets

The Board agreed to amend IFRS 8 paragraph 23 to clarify that a measure of total assets shall be reported if such a measure is reported to the chief operating decision maker. This was the Board's intent when it issued IFRS 8 but some constituents found the wording of the requirement confusing. The reasoning in BC 35 will also be amended to explain the change.


Proposed amendment to IAS 39: Financial Instruments: Recognition and Measurement - Cash flow hedge accounting

The Board agreed to amend IAS 39 paragraph 97 to clarify when gains or losses on hedging instruments should be reclassified from equity to profit or loss as a reclassification adjustment, as the amendment was exposed in the August 2008 exposure draft. Conforming amendments to IAS 39 IG F.6.2 were also approved.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.