February 2021 IFRIC Update available

The February 2021 IFRIC Update is now available.

The IFRS Interpretations Committee met on 2 February 2021 and discussed:

Items on the current agenda

• Sale and Leaseback of an Asset in a Single-Asset Entity (IFRS 10 Consolidated Financial Statements and IFRS 16 Leases)

Committee’s tentative agenda decisions

• Costs Necessary to Sell Inventories (IAS 2 Inventories)
• Preparation of Financial Statements when an Entity is No Longer a Going Concern (IAS 10 Events after the Reporting Period)