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IFRS Interpretations Committee meeting — 16–17 July 2013

Start date:

End date:

Location: London

IFRS IC meeting (blue)

The IFRS Interpretations Committee held its meeting at the IASB's offices in London on 16-17 July 2013.  The Committee discussed comments received on IASB exposure drafts on various narrow-scope amendment projects (transfers of assets between an investor and associates or joint ventures, acceptable methods of depreciation or amortisation, acquisition of an interest in a joint operation, share of other net asset changes under the equity method), considered finalising one tentative agenda decision, continued discussion on various topics, and consider a number of new topics.

Agenda for the meeting


TUESDAY, 16 JULY 2013 (10:00-17:30)

Introduction

Finalisation of tentative agenda decisions

  • IAS 19 - Post vs. pre-tax discount rates

Redeliberation of proposed amendments

  • IFRS 10/IAS 28 - Sale or contribution of assets between and investor and its associate or joint venture
  • IAS 16/IAS 38 - Clarification of acceptable methods of depreciation and amortisation
  • IFRS 11 - Acquisition of an interest in a joint operation
  • IAS 28 - Equity method: share of other net asset changes

Items for continuing consideration

  • IAS 19 - Employee benefit plans with a guaranteed return on contributions or notional contributions
  • IAS 7 - Items recommended to not be included in annual improvements (oral update)
  • IAS 40 - Accounting for a structure that appears to lack the physical characteristics of a building
  • IAS 19 - Discount rate (high-quality corporate bonds, regional market/currency zone)
  • IFRS 7 - Applicability of the amendments to IFRS 7 to condensed interim financial statements

Items for initial consideration

  • IFRS 10/IAS 32 - Puttable instruments that are non-controlling interests


WEDNESDAY, 17 JULY 2013 (09:00-11:55)

Items for initial consideration

  • IFRS 10/IFRS 11 - Transitional provisions (impairment, foreign exchange and borrowing costs)
  • IAS 1 - Presentation of items of other comprehensive income arising from equity accounted investments
  • IAS 32 - Classification of mandatorily convertible instruments with an issuer option to convert into the maximum fixed number of shares
  • IAS 32/IAS 39 - Classification of instruments to convert into a variable number of share upon a 'non-viability' contingent event

Administrative session

 

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

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