Global Standards for the world economy

Monday 29 May 2017

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IASB meeting summaries and observer notes

 IASB January 2009


The Board considered a proposal to amend IFRIC 14 IAS 19 - The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction to eliminate an unintended consequence that arises from some voluntary prepayments to a defined benefit plan that is subject to a minimum funding requirement.

The Board tentatively decided to amend IFRIC 14 so that an entity recognises an asset for a prepayment that will reduce future contributions by the entity. (This is View C as set out in the observer notes). The staff will draft for written ballot an exposure draft proposing these changes.

Date: 1/20/2009