IFRIC July 2008
10 July 2008
The IFRIC considered comments received on Draft Interpretation D23, published for comment in January 2008.
IASB December 2007
12 December 2007
The Board discussed the IFRIC’s proposal to amend IFRS 5. The IFRIC recommended that the requirements in IFRS 5 should be applied to non-current assets held for distribution to owners as well as to non-current assets held for sale. However, the Board is concerned with when IFRS 5 should be applied (ie when an entity is committed to distribute the assets or when an entity has an obligation to distribute the assets). Consequently, the Board directed the IFRIC to invite comments on this issue.
IFRIC November 2007
01 November 2007
The IFRIC continued its discussion. It also approved the publication of the draft Interpretation for public comments.
IASB September 2007
06 September 2007
The IFRIC discussed alternative accounting treatments. In particular, the IFRIC discussed (a) how an entity should measure dividends payable and (b) how any difference between the carrying amount of assets distributed and the carrying amount of the dividends payable at the time of settlement should be accounted for.
IFRIC July 2007
12 July 2007
The IFRIC discussed the scope of the draft Interpretation.
IFRIC May 2007
03 May 2007
The IFRIC decided to take the issue onto its agenda.
IASB March 2007
21 March 2007
The Board decided not to address in phase II of the Business Combinations project the measurement basis of distributions to owners. The Board decided that the revised business combinations standard should clarify that an entity should measure any retained interest in the previously controlled subsidiary at fair value at the date control is lost.
IFRIC November 2006
15 November 2006
The IFRIC directed the staff to ask the Board whether it would consider the issue in its redeliberations on Business Combinations phase II (the accounting for the loss of control of a subsidiary).