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