Annual improvements 2012-2014 cycle
Date recorded:
The project manager provided a summary of the project, the cycle which consist of five proposed amendments included in Appendix A of the paper.
The subjects are related to
- IFRS 5 Non-Current Assets held for sale and Discontinued Operations – changes in methods of disposals;
- IFRS 7 Financial Instruments: Disclosure – Servicing Contract;
- IFRS 7 Financial Instruments: Disclosure – Applicability of the amendments to IFRS 7 to condensed interim financial statements;
- IAS 19 Employee Benefits – Discount rate: regional market issue; and
- IAS 34 Interim Financial Reporting – Disclosure of information elsewhere in the interim report
The Board members approved the following
- due process procedures were followed
- agreed with the 90 days comment period and
- no board member intent to dissent