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Friday 22 August 2014

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The IASB agreed with the Interpretations Committee’s recommendation

 16 November 2011


Following the IFRS Interpretations Committee's recommendation, the IASB agreed that the timing of recognition of compensation for items of property, plant and equipment that were impaired, lost or given up in paragraph 65 of IAS 16 Property, Plant and Equipment (ie 'when the compensation becomes receivable'), is sufficiently understood within IFRSs and no clarification is needed.

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