IFRS Interpretations Committee meeting — 18–19 September 2012

Start date:

End date:

Location: London

IFRS IC meeting (blue)

The IFRS Interpretations Committee held its regular meeting in London on 18–19 September 2012. In its active project on contingent pricing of property, plant and equipment and intangible assets, the Committee discussed several models developed by the staff and the question of how closely a model should be tied to the leases project model that is not yet finalised. The discussions will be continued at a future meeting. The Committee also confirmed its tentative decisions published in the May IFRIC Update and discussed a number of other issues.

Agenda for the meeting

Tuesday, 18 September 2012 (10:00-17:15)


Active Committee Projects

  • IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets, IFRIC 12 Service Concession Arrangements— Contingent pricing of PPE and intangible assets

Items for continuing consideration

  • IFRS 3 Business Combinations — Continuing employment
  • IAS 19 Employee Benefits — Accounting for contribution based promises
  • IAS 41 Agriculture and IFRS 13 Fair Value Measurement — Valuation of biological assets using a residual method
  • IAS 19 Employee Benefits — Measurement of the net DBO with employee contributions
  • IAS 27 Separate Financial Statements — Non-cash acquisition of non-controlling interest

Review of tentative agenda decisions published in May IFRIC Update

  • IAS 39 Financial Instruments: Recognition and Measurement — Accounting for different aspects of restructuring Greek Government Bonds
  • IAS 19 Employee Benefits — Accounting for contribution based promises
  • IAS 16 Property, Plant and Equipment, IAS 38 Intangible Assets and
    IAS 17 Leases — Purchase of right to use land

Wednesday, 19 September 2012 (09:00-12:15)

New items for initial consideration

  • IAS 28 Investments in Associates and Joint Ventures — Impairment of investments in associates in separate financial statements
  • IAS 40 Investment Property — Accounting for telecommunication tower
  • IAS 39 Financial Instruments: Recognition and Measurement — Presentation of income and expense
  • IFRS 3 Business Combinations — Accounting for reverse acquisition transactions where the acquiree is not a business

Administrative session

  • Committee work in progress


Agenda papers from this meeting are available on the IASB's website.

Related Topics

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.