Agenda for 12-13 July 2007 IFRIC meeting

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

06 Jul 2007

The International Financial Reporting Interpretations Committee (IFRIC) will meet at the IASB's offices in London on Thursday and Friday 12-13 July 2007. The meeting is open to the public and will be webcast.

The tentative agenda is shown below.

12-13 July 2007, London Thursday 12 July

  • IAS 18 Revenue - Customer contributions– Accounting for the receipt of customer contributions such as an asset (or cash towards the construction or acquisition of an asset) that is then used to provide an ongoing service or an ongoing supply of goods to the customer.
  • IAS 18 Revenue – Should interpretive guidance on identifying agency arrangements be provided.
  • IAS 27 Consolidated and Separate Financial Statements - De-mergers and other non-cash distributions
  • IFRS 2 Share-based Payment - Group cash-settled share-based payment transactions
    • Scheme 1 - The employees of the entity will receive cash payments that are based on the price of the equity instruments of the entity; and
    • Scheme 2 - The employees of the entity will receive cash payments that are based on the price of the equity instruments of the parent of the entity.
    Under both schemes, the parent of the entity (not the entity) has the obligation to make the cash payments to the employees.
  • Staff Recommendations for Tentative Agenda Decisions
    • IFRS 5 Non-current Assets Held for Sale and Discontinued Operations – Do the disclosure requirements of IFRS 7 Financial Instruments: Disclosures and IAS 19 Employee Benefits apply to non-current assets (or disposal groups) classified as held for sale and discontinued operations under IFRS 5.
    • IAS 19 Employee Benefits – Allocation of the effects of salary increases
Friday 13 July 2007 (morning only)
  • Review of Tentative Agenda Decisions Published in May 2007 IFRIC Update
    • IAS 12 Income Taxes – Deferred tax arising from un-remitted overseas earnings
    • IAS 39 Financial Instruments: Recognition and Measurement – Gaming transactions
    • IAS 39 Financial Instruments: Recognition and Measurement – Hedging future cash flows with purchased options
    • IAS 39 Financial Instruments: Recognition and Measurement – Hedging multiple risks with a single derivative hedging instrument
    • IAS 39 Financial Instruments: Recognition and Measurement – Scope of IAS 39 paragraph 11A
    • IAS 39 Financial Instruments: Recognition and Measurement – AG 33(d)(iii) of IAS 39
    • IFRS 5 Non-current Assets held for Sale and Discontinued Operations – Plan to sell the controlling interest in a subsidiary

Correction list for hyphenation

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