Review of tentative agenda decisions published in September 2008 IFRIC Update

Date recorded:

IAS 39 - Restricted securities

The IFRIC confirmed the wording of the tentative agenda decision published in the September IFRIC Update.

IFRIC 14 - Stable workforce assumption

The IFRIC confirmed its decision not to take the issue originally submitted on its agenda.

On a different issue identified by the staff during the deliberations of the submission the staff acknowledged that this issue causes problems in cases where an entity voluntarily prepays contributions under a minimum funding requirement, but proposed to address this issue in the upcoming ED/Standard on employee benefits accounting as a result of the IASB's discussion paper on this area.

One IFRIC member noted that this would not happen before 2011 and highlighted that the numbers produced would be wrong and IFRIC would confirm this, but not fix it. This member was sympathetic to address this issue before any improved Standard on pension accounting. Most IFRIC members shared this view.

Finally, it was decided to propose an amendment to IFRIC 14 IAS 19 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction with regard to paragraph 22 of the agenda to resolve the issue described above.

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