IFRS Interpretations Committee meeting — 25 March 2014

Start date:

End date:

Location: London

IFRS IC meeting (blue)

The IFRS Interpretations Committee met in London on Tuesday 25 March 2014. The Committee continued discussions on issues related to IAS 1, IAS 12, IAS 34 and IFRS 11, considered the finalisation of tentative agenda decisions on IAS 8, IAS 17, IAS 39, IFRS 10 and IFRIC 21, and considered new issues on IAS 16, IAS 19 and IFRIC 17.

Agenda for the meeting

TUESDAY, 25 MARCH 2014 (10:00-17:05)

Opening remarks and administrative matters

Items for continuing consideration

  • IAS 12 – Recognition of deferred tax assets for unrealised losses
  • IAS 12 – Recognition of deferred tax for a single asset in a corporate wrapper
  • IAS 34 – Condensed statement of cash flows
  • IFRS 11 – Analysis of implementation issues
  • IAS 1 – Disclosures about going concern

Finalisation of tentative agenda decisions

  • IFRIC 21 – Identification of a present obligation to pay a levy that is subject to a pro rata activity threshold as well as an annual activity threshold
  • IAS 17 – Meaning of 'incremental costs'
  • IAS 8 – Distinction between a change in accounting policy and a change in accounting estimate
  • IFRS 10 – Definition of investment related services or activities
  • IAS 39 – Accounting for repo transactions

New issues

  • IFRIC 14 – Availability of refunds from a defined benefit plan managed by an independent trustee
  • IAS 19 – Remeasurement at a plan amendment or curtailment
  • IAS 16 – Whether 'core inventories’ held in an entity’s own facilities are accounted for as inventories or as property, plant and equipment
  • IAS 39 – Classification of a hybrid financial instrument by the holder

Administrative session


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

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