IFRS Interpretations Committee meeting – 2-3 September 2010

Start date:

End date:

Location: London

About meeting notes

IFRIC (International Financial Reporting Interpretations Committee) (blue) The IFRS Interpretations Committee met at the IASB's offices in London on Thursday and Friday, 2-3 September 2010.

Agenda for the meeting

Thursday 2 September 2010 (10:00-18:00)

Introduction / Administrative session

Active Committee projects

  • IFRS 2 Share-based Payment – Vesting and non-vesting conditions
  • IFRS 2 Share-based Payment – Accounting for share-based payment awards upon an entity’s termination of an employee
  • IAS 27 Consolidated and Separate Financial Statements – Put options written over non-controlling interests

Review of Tentative Agenda Decisions published in July IFRIC Update

  • IFRS 1 First-time Adoption of International Financial Reporting Standards – Repeat application
  • IAS 12 Income Taxes – Recognising deferred tax assets for unrealised losses on AFS debt securities
  • IAS 21 The Effects of Changes in Foreign Exchange Rates – Repayment of investment/CTA

New items for initial consideration

  • IAS 1 Presentation of Financial Statements – Encouraged v required disclosures (continued on Friday morning as needed)
  • IAS 1 Presentation of Financial Statements – Comparatives in financial statements
  • IAS 36 Impairment of Assets – Accounting for impairment testing of goodwill when non-controlling interests are recognised

Friday 3 September 2010 (09:00-11:45)

New items for initial consideration (continued)

  • IAS 24 Related Party Disclosures – Key management personnel
  • IAS 36 Impairment of Assets – Calculation of value in use
  • IAS 19 Employee Benefits – Accounting for statutory employee profit sharing arrangements
  • IFRS 2 Share- based Payment – Share-based payment awards settled net of tax withholdings
  • IAS 1 Presentation of Financial Statements – Current/non-current classification of callable term loan

Administrative session – Interpretations Committee work in progress

The agenda papers for this meeting are available on the IASB's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.