21 June 2019

June 2019 IFRIC Update published

The June 2019 IFRS Interpretations Committee Update (IFRIC Update) is now available. 

Topics discussed at the June 2019 meeting were:

Committee’s tentative agenda decisions

  • Fair Value Hedge of Foreign Currency Risk on Non-Financial Assets (IFRS 9 Financial Instruments)—Agenda Paper 4
  • Compensation for Delays or Cancellations (IFRS 15 Revenue from Contracts with Customers)—Agenda Paper 8
  • Lessee’s Incremental Borrowing Rate (IFRS 16 Leases)—Agenda Paper 2
  • Lease Term and Useful Life of Leasehold Improvements (IFRS 16 Leases and IAS 16 Property, Plant and Equipment)—Agenda Paper 3
  • Presentation of Liabilities or Assets Related to Uncertain Tax Treatments (IAS 1 Presentation of Financial Statements)—Agenda Paper 7
  • Disclosure of Changes in Liabilities Arising from Financing Activities (IAS 7 Statement of Cash Flows)—Agenda Papers 5‒5A
  • Subsequent Expenditure on Biological Assets (IAS 41 Agriculture)—Agenda Paper 9

Committee’s agenda decisions

  • Holdings of Cryptocurrencies—Agenda Paper 12
  • Costs to Fulfil a Contract (IFRS 15 Revenue from Contracts with Customers)—Agenda Paper 10
  • Subsurface Rights (IFRS 16 Leases)—Agenda Paper 11
  • Effect of a Potential Discount on Plan Classification (IAS 19 Employee Benefits)—Agenda Paper 13

Items on the current agenda

  • Sale of a Single Asset Entity Containing Real Estate (IFRS 10 Consolidated Financial Statements)—Agenda Paper 6
  • Lack of Exchangeability (IAS 21 The Effects of Changes in Foreign Exchange Rates)—Agenda Papers 14‒14C

Other matters

  • Matters Reported to the Board—Agenda Paper 15
  • Committee Work in Progress—Agenda Paper 16

Access the June 2019 IFRIC Update here.

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