Newsletter on amendment to IFRIC 14

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05 Dec 2009

Deloitte's IFRS Global Office has published an IAS Plus Update Newsletter – IASB Amends IFRIC 14.

On 26 November 2009, the IASB amended IFRIC 14 IAS 19 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction to remedy an unintended consequence of IFRIC 14 where entities were in some circumstances not permitted to recognise as an asset voluntary prepayments of minimum funding contributions. The newsletter explains the amendment and provides a numerical example. Past issues of all of our IFRS newsletters are Here.


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