Notes from the January IFRS Interpretations Committee meeting
18 Jan 2012
Deloitte observer notes are now available from the IFRS Interpretations Committee meeting held in London on 17–18 January 2012.
The topics discussed were as follows (click through to detailed Deloitte observer notes for that topic):
Tuesday 17 January 2012
- Active Committee projects
- Review of Tentative Agenda Decisions published in November IFRIC Update
- Items for continuing consideration
- IFRS 11 Joint Arrangements — Acquisition of interest in joint operation
- IAS 28 Investments in Associates — Share of other changes in equity
- IFRIC 12 Service Concession Arrangements — Payments made by an operator in a service concession arrangement
- IAS 33 Earnings per Share — Calculating EPS with non-cumulative preference dividends
Wednesday 18 January 2011
- Annual improvements — comment letter analysis
- IFRS 1 First-time Adoption of International Financial Reporting Standards — Repeated application of IFRS 1
- IFRS 1 First-time Adoption of International Financial Reporting Standards — Borrowing costs relating to qualifying assets for which the commencement date for capitalisation is before the date of transition to IFRSs
- IAS 1 Presentation of Financial Statements — Clarification of the requirements for comparative information
- IAS 16 Property, Plant and Equipment — Classification of servicing equipment
- IAS 32 Financial Instruments: Presentation — Tax effect of distribution to holders of equity instruments
- IAS 34 Interim Financial Reporting — Interim financial reporting and segment information for total assets
- New items for initial consideration
- IAS 2 Inventories — Long-term prepayments for inventory supply contracts
- IAS 41 Agriculture — Disclosure of the components of changes in fair value and associates valuation techniques
- IAS 28 Investments in Associates and SIC 13 Jointly Controlled Entities — Non-Monetary Contributions by Venturers — Definition of the term 'non-monetary asset' in SIC 13 and IAS 28 (2011)
- Administrative session
Click here to go to the preliminary and unofficial Notes Taken by Deloitte Observers for the entire meeting.