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Five draft Interpretations expected before year end

  • IFRIC (International Financial Reporting Interpretations Committee) (blue) Image

25 Sep 2003

In a presentation at the IASB's meeting with world standard setters on 22 September 2003, Kevin Stevenson, chairman of the International Financial Reporting Interpretations Committee (IFRIC), announced that IFRIC is likely to issue five draft interpretations in the fourth quarter of 2003. They will deal with: Rights of Use of Assets IAS 37, Decommissioning Funds IAS 19, Pension Plans with Minimum Return Guarantees IAS 19, Multi-Employer Pension Plans IAS 11, Construction Contracts Two Draft Interpretations (D1 on Emission Rights and D2 on Decommissioning) are currently outstanding.

IFRIC will meet at the IASB's offices in London on 30 September and 1 October 2003. See news story of 11 September 2003 for the agenda.

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