We comment on two IFRS Interpretations Committee tentative agenda decisions
13 May 2020
We have published our comment letters on IFRS Interpretations Committee tentative agenda decisions related to IAS 12 and IFRS 16, as published in the March 2020 IFRIC Update.
More information about the issues is set out below:
Issue |
Agenda decision supported? |
More information |
---|---|---|
IAS 12 — Deferred tax related to an investment in a subsidiary |
Yes |
|
IFRS 16 — Sale and leaseback with variable payments |
Yes; conclusions regarding the measurement of the RoU asset and the resulting gain or loss for the reasons stated in the tentative agenda decision and how to measure a right-of-use asset (RoU asset) arising from a sale and leaseback and thus how to determine the amount of any gain or loss on the transaction. In addition, we suggest the Board consider (1) addressing what appears to be a conflict between IFRS 16 paragraphs BC262 and BC266 and (2) the scope of this project on subsequent measurement of the liability to encompass, for example, the impact of contract modifications. |
Click to access all our comment letters to the IASB, IFRS Foundation, and IFRS Interpretations Committee.