We comment on two IFRS Interpretations Committee tentative agenda decisions

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14 Feb 2020

We have published our comment letters on IFRS Interpretations Committee tentative agenda decisions related to IAS 12 and IAS 38, as published in the November 2019 IFRIC Update.

More in­for­ma­tion about the issues is set out below:

Issue

Agenda decision supported?

More in­for­ma­tion

IAS 12 — Multiple tax consequences of recovering an asset

Yes

IAS 38 — Presentation of player transfer payments

Yes; however, we are concerned that the discussion under the header “Is there a circumstance in which the entity would recognise the transfer payment received as revenue applying IFRS 15” may introduce diversity in practice in the presentation of player registration rights as intangible assets vs inventory where it does not currently exist. We believe that it would be useful to clarify the fact pattern presented consistently with the description provided in the submission by amending item b.

Click to access all our comment letters to the IASB, IFRS Foun­da­tion, and IFRS In­ter­pre­ta­tions Committee. 

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