IFRIC meeting — 1 November 2007

Start date:

End date:

Location: London

IFRIC (International Financial Reporting Interpretations Committee) (blue) The International Financial Reporting Interpretations Committee (IFRIC) met at the IASB's offices in London on Thursday 1 November 2007. The meeting had been scheduled to continue on Friday 2 November, but IFRIC completed its work in one day.

Agenda for the meeting

THURSDAY 1 NOVEMBER 2007 (10:00-17:30)


Active Committee projects

  • IAS 27 Consolidated and Separate Financial Statements – Accounting for distributions of non-cash assets to owners
  • IAS 39 Financial Instruments: Recognition and Measurement– Two potential IFRIC agenda projects
    • Scope of IAS 39 paragraph 11A
    • Application of paragraph AG 33(d)(iii) of IAS 39
  • IAS 18 Revenue — Customer contributions — draft Interpretation

Review of tentative agenda decisions published in September IFRIC Update

  • IAS 19 Employee Benefits — Treatment of employee contributions
  • IAS 19 Employee Benefits — Changes to a plan caused by government
  • IAS 19 Employee Benefits — Death in service benefits


FRIDAY 2 NOVEMBER 2007 (09:00-11:00)

Note: IFRIC completed its work in one day.  The topics below were considered on Thursday. However, for convenience, the Deloitte observer notes from the meeting are presented in accordance with the original agenda.

Staff recommendations for Tentative Agenda Decisions

  • IAS 19 Employee Benefits — Promises based on performance hurdles
  • IAS 37 Provisions, Contingent Liabilities and Contingent Assets — Deposits on returnable containers
  • IAS 23 Borrowing Costs — Foreign exchange differences associated with capitalisable borrowing costs
  • IAS 19 Employee Benefits — Definition of plan assets
  • IAS 39 Financial Instruments: Recognition and Measurement — Scope of IAS 39 paragraph 2(g)

Administrative session

  • IFRIC work in progress


Agenda papers from this meeting are available on the IASB's website.

Related Topics

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