Welcome to the website of the IFRS Foundation and the IASB

Monday 15 September 2014

Banner graphic

IFRS Interpretations Committee

Activities of the IFRS Interpretations Committee—as at 7 August 2014

This section contains issues that the Interpretations Committee has proposed for an interpretation or for a narrow scope amendment (including issues considered as an annual improvement) and that have been agreed by the IASB. Issues recommended by the Interpretations Committee but not yet discussed by the IASB, (and therefore not yet agreed by the IASB), remain as work in progress.

Narrow scope amendments to IFRSs
IFRS 10 Consolidated Financial Statements and IAS 28 Investments in Associates and Joint Ventures
IFRS 10 Consolidated Financial Statements and IAS 28 Investments in Associates and Joint Ventures
Investment Entities: Applying the Consolidation Exception
(Proposed amendments to IFRS 10 and IAS 28)
 
     IAS 19 Employee Benefits
     IAS 34 Interim Financial Reporting
     IFRS 5 Non-current Assets Held for Sale
     and Discontinued Operations
     IFRS 7 Financial Instruments: Disclosures
     IFRS 1 First-time Adoption of International
     Financial Reporting Standards
This section contains issues that the Interpretations Committee is still working on towards developing an interpretation or a narrow scope amendment and issues that will be proposed for inclusion in the next cycle of annual improvements but which the Interpretations Committee is still working on. It also includes issues that are on hold and other work developed by the Interpretations Committee.

This section also includes issues concluded by the Interpretations Committee, and recommended for the IASB to action, but which have not yet been discussed and agreed by the IASB.

Tentative Agenda Decisions*
IAS 16 Property, Plant and Equipment and IAS 2 Inventories
Accounting for proceeds and costs of testing on PPE
(comment period ends 29 September)
IAS 16 Property, Plant and Equipment and IAS 2 Inventories
Core inventories
(comment period ends 29 September)
IAS 21 The Effects of Changes in Foreign Exchange Rates
Foreign exchange restrictions and hyperinflation
(comment period ends 29 September)
IAS 39 Financial Instruments: Recognition and Measurement
IFRS 12 Disclosure of Interests in Other Entities
*The Interpretations Committee reviewed the above matters and tentatively decided that they should not be added on their agenda. After the comment period, the Interpretations Committee will reconsider these Tentative Agenda Decisions and feedback received from interested parties. Interested parties are encouraged to email their responses to Ifric@ifrs.org.
 
Work in progress
IFRIC 14 IAS 19 The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction
IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
IFRS 11 Joint Arrangements
 
 
This section includes finalised Agenda Decisions issued by the Interpretations Committee from March 2013 onwards. It also includes issues that were considered but transferred to the IASB.

You can also view Issues considered but not included in the Annual Improvements to IFRSs project.

Agenda Decisions
IAS 1 Presentation of Financial Statements
IAS 1 Presentation of Financial Statements
IAS 7 Cash Flow Statements
IAS 10 Events after the Reporting Period
IAS 16 Property, Plant and Equipment
IAS 17 Leases
IAS 19 Employee Benefits
IAS 19 Employee Benefits
IAS 28 Investments in Associates and Joint Ventures
IAS 34 Interim Financial Reporting
IAS 37 Provisions, Contingent Liabilities and Contingent Assets
IAS 39 Financial Instruments: Recognition and Measurement
IAS 39 Financial Instruments: Recognition and Measurement
IFRS 2 Share-based Payments
IFRS 3 Business Combinations
IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
IFRS 10 Consolidated Financial Statements
IFRS 10 Consolidated Financial Statements
IFRS 11 Classification of joint arrangements
 
This section includes finalised interpretations and amendments.

Finalised interpretations Issued
date
Effective
date
Interpretations:
October 2011
1 January 2013
IFRIC 21: Levies
May 2013
1 January 2014
Finalised amendments:
IAS 1 Presentation of Financial Statements: Clarification of the requirements for comparative information
May 2012
1 January 2013
IAS 16 Property, Plant and Equipment: Classification of servicing equipment
May 2012
1 January 2013
IAS 32 Financial Instruments: Presentation: Tax effect of distribution to holders of equity instruments
May 2012
1 January 2013
May 2012
1 January 2013
IFRS 1 First-time Adoption of International Financial Reporting Standards: Repeated application of IFRS 1
May 2012
1 January 2013
IFRS 1 First-time Adoption of International Financial Reporting Standards: Borrowing costs
May 2012
1 January 2013
IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets: Revaluation method—proportionate restatement of accumulated depreciation
December 2013
1 July 2014
IAS 24 Related Party Disclosures: Key management personnel
December 2013
1 July 2014
IFRS 2 Share-based Payment: Definition of 'vesting condition'
December 2013
1 July 2014
December 2013
1 July 2014
IFRS 8 Operating Segments: Aggregation of operating segments
December 2013
1 July 2014
IFRS 13 Fair Value Measurement: Short-term receivables and payables
December 2013
1 July 2014
IFRS 1 First-time Adoption of International Financial Reporting Standards: Meaning of effective IFRSs
December 2013
1 July 2014
IFRS 3 Business Combinations: Scope of exception for joint ventures
December 2013
1 July 2014
IFRS 13 Fair Value Measurement: Scope of paragraph 52 (portfolio exception)
December 2013
1 July 2014
Narrow scope amendments:
IAS 16 Property, Plant and Equipment and IAS 18 Intangible Assets: Clarification of Acceptable Methods of Depreciation and Amortisation
May 2014
1 January 2016
November 2013
1 July 2013
IAS 39 Financial Instruments: Recognition and Measurement: Novation of Derivatives and Continuation of Hedge Accounting
June 2013
1 January 2013
IFRS 1 First-time Adoption of International Financial Reporting Standards: Government Loans
March 2012
January 2013
May 2014
1 January 2016