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Wednesday 27 May 2015

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Meeting

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 IFRS Interpretations Committee May 2015

 

Meeting of the IFRS Interpretations Committee

Date: 12 May 2015

Location:
Boardroom at the IASB office
First Floor
30 Cannon Street
London EC4M 6XH

Webcast

To listen to a webcast, click on the audio icon below and register your details. Registration is free. The webcasts will be available online for a year, expiring 12 May 2016.


Day Morning Session Webcast Afternoon Session Webcast
Tuesday 12 May 10.00-13.20 BST 14.20-16.20 BST

Agenda papers

The following agenda papers were discussed at the meeting. To access, click on the titles below. 


Agenda paper Title Recording
-
Opening Remarks
2 Agenda Paper 2: IAS 16 - Property, Plant and Equipment: Accounting for proceeds and costs of testing PPE: should net proceeds reduce the cost of asset
3 Agenda Paper 3: IFRS 5 - Non-current Assets Held for Sales and Discontinued Operations: Cover paper
Agenda Paper 3A: IFRS 5 - Non-current Assets Held for Sales and Discontinued Operations: Issue 1: the scope of the held-for-sale classification
Agenda Paper 3B: IFRS 5 - Non-current Assets Held for Sales and Discontinued Operations: Issue 2: presentation of intragroup transactions between continuing and discontinued operation
Agenda Paper 3C: IFRS 5 - Non-current Assets Held for Sales and Discontinued Operations: Issue 3: applicability of the disclosure requirements in IFRS 12 Disclosure of Interests in Other Entities disclosure requirements to a subsidiary classified as held for sale
Agenda Paper 3D: IFRS 5 - Non-current Assets Held for Sales and Discontinued Operations: Issue 4: to what extent an impairment loss can be allocated to non-current assets within a disposal group
Agenda Paper 3E: IFRS 5 - Non-current Assets Held for Sales and Discontinued Operations: Issue 5: how to apply the presentation requirements, in the case of a change to a plan, to a disposal group that consists of both a subsidiary and other non-current assets when there has been a change to a plan
5 Agenda Paper 5: IFRS 13 - Fair Value Measurement: Fair value hierarchy: additional information gathering relating to the agenda decision regarding circumstances in which prices provided by third parties (especially consensus prices) qualify as a level 1 input in the fair value hierarchy in IFRS 13 Fair Value Measurement
 6
Agenda Paper 6: IFRS 10 - Consolidated Financial Statements: Single-asset, single lessee lease vehicles and the assessment of control under IFRS 10. In what circumstance does the lender or lessee consolidate? Issue 1: Control of structured entity involving an operating lease. Issue 2: Control of structured entity by a junior lender involving a finance lease. 
 7
Agenda Paper 7: IAS 24 - Related Party Disclosures: Definition of close members of the family of a person 
 8
Agenda Paper 8: IFRS 11 - Joint Arrangements: Becoming a joint operator through acquisition of an additional interest in an existing joint operation
 9
Agenda Paper 9: IAS 23 - Borrowing Costs: If a borrowing made specifically to finance construction of a qualifying asset remains outstanding when the asset is ready for its intended use or sale, does the borrowing form part of the general borrowings pool used to determine the capitilisation rate in accordance with paragraph 14 of IAS 23
10
Agenda Paper 10: Administrative Session: Work in progress
 11
Agenda Paper 11: IAS 21 - The Effects of Changes in Foreign Exchange Rates: Draft interpretation on foreign currency transactions and advance consideration - sweep issue



Note: Agenda Paper 4 will not be used at this meeting.

Documents

 

Related information