This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

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.

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.