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

  1. IFRS 5 Non-Current Assets held for sale and Discontinued Operations – changes in methods of disposals;
  2. IFRS 7 Financial Instruments: Disclosure – Servicing Contract;
  3. IFRS 7 Financial Instruments: Disclosure – Applicability of the amendments to IFRS 7 to condensed interim financial statements;
  4. IAS 19 Employee Benefits – Discount rate: regional market issue; and
  5. IAS 34 Interim Financial Reporting – Disclosure of information elsewhere in the interim report

The Board members approved the following

  1. due process procedures were followed
  2. agreed with the 90 days comment period and
  3. no board member intent to dissent

Related Topics

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