21 June 2018

June 2018 IFRIC Update published

The June 2018 IFRS Interpretations Committee Update (IFRIC Update) has been published.

View this IFRIC Update or view previous Updates.

Topics discussed at the June 2018 meeting:

Items on the current agenda

  • Costs Considered in Assessing Whether a Contract is Onerous
  • Deferred Tax—Tax Base of Assets and Liabilities

Committee's Tentative Agenda Decisions

  • Determination of the Exchange Rate When There is a Long-term Lack of Exchangeability (IAS 21 The Effects of Changes in the Exchange Rate)
  • Expenditures on a Qualifying Asset (IAS 23 Borrowing Costs)
  • Borrowing Costs on Land (IAS 23 Borrowing Costs)

Committee's Agenda Decisions

  • Classification of Short-term Loans and Credit Facilities (IAS 7 Statement of Cash Flows)

Other matters

  • Proceeds before Intended Use (IAS 16 Property, Plant and Equipment)
  • Committee work in progress

To view the agenda and agenda papers, please click here.

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