Global Standards for the world economy

Tuesday 25 October 2016

Banner graphic

IASB meeting summaries and observer notes

 IASB October 2009


The Board discussed responses to its exposure draft (ED) Prepayments of a Minimum Funding Requirement (Amendments to IFRS 14), published in May 2009, and tentatively:

  • confirmed the scope of the project as proposed in the ED
  • confirmed the definitions proposed in the ED. However, the Board tentatively decided to propose clarifying that a minimum funding requirement must be enforceable in the forthcoming ED of proposed amendments to IAS 19.
  • reinstated paragraph 22 of IFRIC 14.
  • confirmed the transitional arrangements as proposed in the ED.
  • decided to require entities to apply the amendments for annual periods beginning on or after 1 January 2011 with early adoption permitted.

Date: 10/22/2009