Thursday 12 December 2013
The IASB decided that, depending on how practice develops in this area, this issue could be considered for review in the Post-Implementation Review of IFRS 13
The Interpretations Committee decided not to add this issue to its agenda
The Interpretations Committee tentatively decided not to add this issue to its agenda
The Interpretations Committee decided to await the results of the IASB’s discussions on the IAS 41 project before the Interpretations Committee issues a tentative agenda decision on this issue
The Interpretations Committee observed that it is unlikely that the residual method will be appropriate if it returns a nil or minimal value for the biological assets
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