New Matter

IFRS 10 Consolidated Financial Statements and IFRS 16 Leases — Sale and Leaseback in a Corporate Wrapper: The Committee decided not to add the matter to its agenda but to publish a tentative agenda decision to analyse the application of both IFRS 10 and IFRS 16 to the transaction in which an entity sells its equity interest in a subsidiary that holds only a real estate asset and then leases that real estate asset back. Most of the Committee members agreed with the conclusion but expressed their concerns on various aspect of the analysis and suggested amendments in wordings to the agenda decision.

Interpretations Committee Advice

IAS 12 Income Taxes — Deferred Tax arising from a Single Transaction: Most of the Committee members agreed with the preliminary proposed recommendations by the Committee to the Board's Exposure Draft ED/2019/5 Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Amendments to IAS 12). Some gave opinions on certain areas for the staff's consideration for further recommendation or clarification.  

More In­for­ma­tion

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