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)


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.

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.