Global Standards for the world economy

Tuesday 30 May 2017

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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