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  • 15 May 2020 Supplementary IASB meeting papers and agenda available

15 May 2020 Supplementary IASB meeting papers and agenda available

13 May 2020

The agenda and papers for the IASB’s upcoming 15 May supplementary meeting have been posted.

The meeting will be to deliberate the comments received relating to the IASB’s exposure draft on amendments to IFRS 16, covid-19 related rent concessions. The comment period for that exposure draft ended on 8 May 2020.

The staff paper recommends that:

  • No practical expedient be provided to lessors;
  • The eligibility criteria be extended in paragraph 46B(b) to capture covid-19-related rent concessions for which any reduction in lease payments affects only payments originally due on or before 30 June 2021.
  • Introduce a new disclosure requirement, which would require lessees applying the practical expedient to disclose the amount recognised in profit or loss to reflect changes in lease payments that arise from COVID-19 rent concessions.

These are only staff recommendations, and the Board will make its decisions on 15 May.

The agenda and meeting papers for the 15 May meeting may be accessed here.