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.