IFRIC meeting — 9 July 2009

Start date:

End date:

Location: London

About meeting notes

IFRIC (International Financial Reporting Interpretations Committee) (blue) The International Financial Reporting Interpretations Committee (IFRIC) met for a one day meeting at the IASB's offices in London on Thursday 9 July 2009.

Agenda for the meeting

Thursday, 9 July 2009 (10:00-16:30)


Review of Tentative Agenda Decisions published in May IFRIC Update

  • IFRS 3 Business Combinations – Acquisition-related costs in a business combination
  • IFRS 3 Business Combinations – Earlier application of revised IFRS 3
  • IAS 7 Statement of Cash Flows – Determination of cash equivalents
  • IAS 27 Consolidated and Separate Financial Statements – Transaction costs for non-controlling interests
  • IAS 28 Investments in Associates – Potential effect of IFRS 3 (as revised in 2008) and IAS 27 (as amended in 2008) on equity method accounting
  • IAS 28 Investments in Associates – Venture capital consolidations and partial use of fair value through profit or loss
  • IAS 28 Investments in Associates – Impairment of investments in associates
  • IAS 39 Financial Instruments: Recognition and Measurement – Hedging using more than one derivative as the hedging instrument
  • IAS 39 Financial Instruments: Recognition and Measurement – Meaning of 'significant or prolonged'
  • IFRIC 12 Service Concession Arrangements – Scope of IFRIC 12

Review of Tentative Agenda Decisions published in March IFRIC Update

  • IFRIC 18 Transfers of Assets from Customers – Applicability to the customer
  • IAS 34 Interim Financial Reporting – Interim fair value disclosures
  • IAS 38 Intangible Assets – Compliance costs for REACH

Staff recommendations for Tentative Agenda Decisions

  • IFRS 2 Share-based Payment – Non-vesting condition or non-market based vesting condition when condition is not within the control of the entity or employee
  • IFRS 3 Business Combinations – Measurement of NCI
  • IFRS 3 Business Combinations – Un-replaced and voluntary replaced share-based payment awards
  • IFRS 5 Non-current Assets Held for Sale and Discontinued Operations – Writedown of a disposal group
  • IAS 23 Borrowing Costs – Meaning of 'general borrowings'
  • IAS 32 Financial Instruments: Presentation – Debt to equity swap

Further discussion: Classification of rights and options

  • Rights issues denominated in a foreign currency
  • Conversion options

Administrative session

  • IFRIC work in progress


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