IFRS Interpretations Committee meeting – 4-5 November 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, 4-5 November 2010.

Agenda for the meeting

Thursday 4 November 2010 (10:00-18:00) and Friday 5 November 2010 (09:00-12:00)

Introduction / Administrative session

IFRS 2 presentation

  • The French Standard Setter (the ANC) presents the outcome of the work performed on IFRS 2

Active Committee projects

  • IFRS 2 Share–based Payment – Vesting and non–vesting conditions

Review of Tentative Agenda Decisions published in September IFRIC Update

  • IAS 12 Income Taxes – Recognising deferred tax assets for unrealised losses on AFS debt securities
  • 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
  • IAS 36 Impairment of Assets – Calculation of value in use
  • IAS 32 Financial Instruments: Presentation – Put options written over non–controlling interests

New items for initial consideration

  • IAS 36 Impairment of Assets – Disclosure of the recoverable amount
  • IAS 37 Provisions, Contingent Liabilities and Contingent Assets – Inclusion of own credit risk in discount rate
  • IAS 1 Presentation of Financial Statements – Current/non current classification of debt (Rollover agreements)
  • IAS 41 Agriculture – Revenue on sale of agricultural produce
  • IFRS 3 Business combinations – Settlement of pre–existing relationships

Administrative session – IFRS 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.