03 May 2006

The International Financial Reporting Interpretations Committee (IFRIC) will meet at the IASB's offices in London on Thursday 11 May and Friday 12 May 2006. The agenda for the meeting is below:11-12 May 2006, London Thursday 11 May 2006 Introduction - Opening remarks; administrative matters; minutes of the March 2006 IFRIC meeting IAS 17 Leases – Recognition of contingent rentals Customer Loyalty Programmes - Discussion of text for a Draft Interpretation IAS 19 Post-employment Benefits - The effect of a minimum funding requirement on the asset ceiling – Discussion of text for a Draft Interpretation Service Concession Arrangements: Discussion of text for an Interpretation Friday 12 May 2006 IAS 39 – Securitisations: Derecognition of groups of financial assets IFRIC D17 - IFRS 2: Group and Treasury Share Transactions IFRIC D18 - Interim Reporting and Impairment – Review of responses and staff proposals Review of Tentative agenda decisions published in March 2006 IFRIC Update IFRS 2 Share-based Payment – Scope of IFRS 2: Share plans with cash alternative at the discretion of the entity IFRS 2 Share-based Payment – Share plans with cash alternative at the discretion of the employees: grant date and vesting periods IFRS 2 Share-based Payment – Fair value measurement of a post-vesting transfer restriction (including comment letters) Recommendations by Agenda Committee regarding requests for IFRIC agenda items IFRS 2 Share-based Payment – Employee benefit trusts IAS 18 Revenue – Up-front revenue recognition IAS 32 Financial Instruments: Presentation – Classification of a financial instrument as liability or equity IAS 32 Financial Instruments: Presentation – Puts and forwards held by minority interests IFRS 3 Business Combinations – Are puts or forwards received by minority interests in a business combination contingent consideration IAS 39 Financial Instruments: Recognition and Measurement – Definition of a derivative: Indexation on own EBITDA or own revenue IAS 32 Financial Instruments: Presentation – Foreign Currency Instruments exchangeable into Equity Instruments of the Parent Entity of the Issuer SIC 12 Consolidation - Special Purpose Entities – Relinquishment of control IAS 11 Construction Contracts/ IAS 18 Revenue – Allocation of profit in unsegmented contracts .