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  • IFRS Interpretations Committee

IFRS Interpretations Committee

14 June 2018

The IFRS Interpretations Committee met on 21 June 2018

Matters on the agenda included

  • IAS 21 The Effects of Changes in Foreign Exchange rates – Extreme long-term lack of exchangeability
  • IAS 23 Borrowing Costs – Expenditures on a qualifying asset
  • IAS 23 Borrowing Costs – Borrowing costs on land
  • IAS 7 Statement of Cash Flows – Classification of short-term loans and credit facilities
  • IAS 12 Income Taxes – Deferred tax – Tax Base of assets and liabilities
  • IAS 37 Provisions, Contingent Assets and Contingent Liabilities – Costs considered in assessing whether a contract is onerous
  • IAS 16 Property, Plant and Equipment – Proceeds before intended use

Further information, including access to agenda papers and a webinar of the meeting, is available from the IASB’s web site here.