IFRS Interpretations Committee Meeting March 2018

Tentative agenda decisions reached in previous meetings which are due to be finalised at this meeting include issues on the following topics

• Revenue recognition in real estate contracts under IFRS 15 Revenue from Contracts with Customers
• Revenue recognition in a real estate contract that includes the transfer of land under IFRS 15
• Right to payment for performance to date under IFRS 15
• Presentation of Interest Revenue for particular financial instruments (IAS 1 Presentation of Financial Statements and IFRS 9 Financial Instruments).

New issues to be discussed for the first time include:

• Deferred tax on lease assets and liabilities (IAS 12 Income Tax)
• Costs considered in assessing whether a contract is onerous (IAS 37 Provisions, Contingent Liabilities and Contingent Assets)
• Classification of short-term loans and credit facilities (IAS 7 Statement of Cash Flows)
• Payments related to taxes other than income taxes (IAS 37 Provisions, Contingent Assets and Contingent Liabilities)
• Classification of a particular type of dual currency bonds (IFRS 9 Financial Instruments); and
• Hedge Accounting with load following swaps (IFRS 9 Financial Instruments).

Further information, including the agenda and accompanying papers, is available from the IASB’s web site here.