IFRS IC Agenda Decisions

IFRS Interpretations Committee Agenda Decisions

An IFRS Interpretations Committee agenda decision explains why a standard-setting project has not been added to the IFRS IC work plan and, in many cases, includes explanatory material. The objective of including such explanatory material is to improve the consistency of application of IFRS Accounting Standards.

Agenda decisions (including any explanatory material contained within them) cannot add or change requirements in IFRS Accounting Standards. Instead, explanatory material explains how the applicable principles and requirements in IFRS Accounting Standards apply to the transaction or fact pattern described in the agenda decision.

Explanatory material derives its authority from the Accounting Standards themselves. Accordingly, an entity is required to apply the applicable IFRS Accounting Standard(s), reflecting the explanatory material in an agenda decision (subject to sufficient time for the entity to implement that accounting).

As Australian Accounting Standards incorporate IFRS Accounting Standards, entities are expected to reflect the explanatory material in an agenda decision in applying the relevant Standards.

Tables of IFRS IC Agenda Decisions by AASB Pronouncement

These tables identify when there are IFRS IC agenda decisions relating to an Australian Accounting Standard or Interpretation that corresponds with an IFRS Accounting Standard or IFRIC Interpretation. The tables list the date of the latest agenda decision relevant to each pronouncement. Each date is linked to the page on the IASB website that provides all of the agenda decisions relating to the IFRS Accounting Standard or IFRIC Interpretation, not just the latest one. Showing the latest date here should help website users identify when there are new agenda decisions relating to a Standard or Interpretation that they haven’t seen previously.

The IFRS Foundation publishes the IFRS IC agenda decisions as supporting materials for each IFRS Accounting Standard and IFRIC Interpretation. Those listings can be accessed by the following links: Supporting materials for IFRS Accounting Standards and Supporting materials for IFRIC Interpretations.

The IFRS Foundation also publishes IFRS IC agenda decisions listed by date or by periodic compilation (the eighth compilation was published in May 2023). These lists can be accessed by the following link: IFRS Interpretations Committee – Agenda Decisions

Standards

AASB No.	Title	IFRS IC Agenda Decisions (Latest Date)
1	First-time Adoption of Australian Accounting Standards	Sep 2017
2	Share-based Payment	Oct 2022
3	Business Combinations	Apr 2024
4	Insurance Contracts	Jan 2010
5	Non-current Assets Held for Sale and Discontinued Operations	Jan 2016
6	Exploration for and Evaluation of Mineral Resources	Jan 2006
7	Financial Instruments: Disclosures	Dec 2020
8	Operating Segments	Jul 2024
9	Financial Instruments	Oct 2023
10	Consolidated Financial Statements	Mar 2017
11	Joint Arrangements	Mar 2019
12	Disclosure of Interests in Other Entities	Mar 2019
13	Fair Value Measurement	Jan 2015
14	Regulatory Deferral Accounts	none
15	Revenue from Contracts with Customers	May 2022
16	Leases	Apr 2023
17	Insurance Contracts	Oct 2023
101	Presentation of Financial Statements	Dec 2020
102	Inventories	Jun 2021
107	Statement of Cash Flows	Apr 2022
108	Accounting Policies, Changes in Accounting Estimates and Errors	Jan 2019
110	Events after the Reporting Period	Jun 2021
112	Income Taxes	Jun 2020
116	Property, Plant and Equipment	Nov 2019
119	Employee Benefits	May 2021
120	Accounting for Government Grants and Disclosure of Government Assistance	Mar 2022
121	The Effects of Changes in Foreign Exchange Rates	Oct 2022
123	Borrowing Costs	Mar 2019
124	Related Party Disclosures	May 2015
127	Separate Financial Statements	Jan 2024
128	Investments in Associates and Joint Ventures	Jan 2018
129	Financial Reporting in Hyperinflationary Economies	Mar 2020
132	Financial Instruments: Presentation	Oct 2022
133	Earnings per Share	Jun 2017
134	Interim Financial Reporting	Jul 2014
136	Impairment of Assets	May 2016
137	Provisions, Contingent Liabilities and Contingent Assets	Apr 2024
138	Intangible Assets	Apr 2021
139	Financial Instruments: Recognition and Measurement	Mar 2019
140	Investment Property	none
141	Agriculture	Sep 2019

Interpretations

Int. No.	Title	IFRS IC Agenda Decisions (Latest Date)
1	Changes in Existing Decommissioning, Restoration and Similar Liabilities	none
2	Members’ Shares in Co-operative Entities and Similar Instruments	none
5	Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds	none
6	Liabilities arising from Participating in a Specific Market – Waste Electrical and Electronic Equipment	none
7	Applying the Restatement Approach under AASB 129 Financial Reporting in Hyperinflationary Economies	none
10	Interim Financial Reporting and Impairment	none
12	Service Concession Arrangements	Sep 2016
14	AASB 119 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction	Jul 2015
16	Hedges of a Net Investment in a Foreign Operation	none
17	Distributions of Non-cash Assets to Owners	none
19	Extinguishing Financial Liabilities with Equity Instruments	none
20	Stripping Costs in the Production Phase of a Surface Mine	none
21	Levies	Jan 2015
22	Foreign Currency Transactions and Advance Consideration	none
23	Uncertainty over Income Tax Treatments	Sep 2019
107	Introduction of the Euro	none
110	Government Assistance – No Specific Relation to Operating Activities	none
125	Income Taxes – Changes in the Tax Status of an Entity or its Shareholders	none
129	Service Concession Arrangements: Disclosures	none
132	Intangible Assets – Web Site Costs	none