Review of Tentative Agenda Decisions published in November IFRIC Update
The IFRIC redeliberated its tentative agenda decisions published in the November 2008 IFRIC Update (see also our November 2008 IFRIC meeting notes).
IFRS 3 Business Combinations – Customer-related intangible assets
The IFRIC confirmed its view that the issue would best be resolved by the Board and decided to finalise the agenda decision.
IAS 32 — Classification of puttable and perpetual instruments
The IFRIC confirmed the tentative agenda decision published in the November IFRIC Update subject to minor drafting changes.
IAS 37 and IAS 38 — Regulatory assets and liabilities
The IFRIC confirmed the tentative agenda decision published in the November IFRIC Update in the light of Board's decision to add a project on regulatory activities to its active agenda.
IAS 39 — Derecognition of financial assets
The IFRIC confirmed the tentative agenda decision published in the November IFRIC Update.
IAS 39 — Fair value measurement of financial instruments in inactive markets
The staff presented revised wording for the tentative agenda decision on the issue as a result of a letter received by, and a meeting held with, the submitter. A majority of the IFRIC members were concerned over the signal the revised wording would send – that the view in the original submission would be sustainable. It was agreed to revert back to most of the original wording, but also to reflect the revised fact pattern.
