IFRIC work in progress

The IFRIC was asked to confirm the IFRIC's work in progress table as provided in Agenda Paper 5 (to be found on the IASB's website). The IFRIC coordinator noted that all of the active issues on the list had been discussed at this meeting with the exception of three items:

• The draft interpretations on IAS 18 Revenue - Customer Contributions and IAS 27 Consolidated and Separate Financial Statements - Accounting for distributions of non-cash assets to owners will be published on 17 January 2008 with comment periods ending by the end of April 2008. The comment letter analysis on the two draft interpretations is expected to take place at the July 2008 meeting.
• An issue relating to derecognition is awaiting the allocation of staff resources