IFRS Interpretations Committee meeting — 15–16 July 2014

Start date:

End date:

Location: London

IFRS IC meeting (blue)

The IFRS Interpretations Committee met in London on 15–16 July 2014. The Committee (1) continued discussions on a number of issues related to IFRS 11, IAS 12, IAS 16, IAS 19 and IFRIC 14, (2) considered finalising tentative agenda decisions on IAS 1, IAS 39, IAS 34, IFRS 2 and IAS 12, and (3) considered new issues on IFRS 12, IAS 16, IAS 39 and IAS 21.

Agenda for the meeting

TUESDAY, 15 JULY 2014 (10:00-17:35)

Opening remarks and administrative matters

Items for continuing consideration

  • IFRS 11 – Analysis of implementation issues
    • Feedback from consultation with IASB members
    • Consideration of a specific type of joint arrangement structure
    • Accounting treatment when the joint operators' share of output purchased differs from the share of ownership interest in the joint operation
  • IAS 12 – Recognition of current income tax on uncertain tax positions
  • IAS 16 – Core inventories
  • IAS 19 – Remeasurement at a plan amendment or curtailment
  • IFRIC 14 – Availability of refunds from a defined benefit plan managed by an independent trustee

Finalisation of tentative agenda decisions

  • IAS 1 – Going concern disclosure
  • IAS 39 – Classification of a hybrid financial instrument by the holder
  • IAS 34 – Condensed statement of cash flows
  • IFRS 2 – Price difference between the institutional offer price and the retail offer price in an initial public offering
  • IAS 12 – Recognition of deferred tax for a single asset in a corporate wrapper

Administrative session

WEDNESDAY, 16 JULY 2014 (9:00-10:15)

New items

  • IFRS 12 – Disclosure of summarised financial information about material joint ventures and associates
  • IAS 16 – Accounting for proceeds and cost of testing on fixed assets
  • IAS 39 – Holder's accounting for the exchange of equity instruments
  • IAS 21 – Foreign exchange restrictions and hyperinflation


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

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