Welcome to the website of the IFRS Foundation and the IASB

Tuesday 16 September 2014

Banner graphic

Project news


The Interpretations Committee decided not to address the issue

 05 November 2010


The Committee received a request to clarify the Illustrative Example 1 of IAS 41. The request asserts that the Illustrative Example 1 of the standard is unclear in its presentation in the Statement of comprehensive income, and that this has resulted in divergence in practice. The divergence arises from confusion about the application of the requirements for both the separate presentation of revenue under IAS 18 and the disclosure of gain or loss arising from the change in fair value less cost to sell of biological assets under IAS 41.

For more information, please click here.