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June 2025 IFRIC Update available

The IFRS Interpretations Committee (IFRIC) met on 25 June 2025, and the topics discussed were as follows:

Committee's tentative agenda decisions

  • Determining and Accounting for Transaction Costs (IFRS 9 Financial Instruments)
  • Embedded Prepayment Option (IFRS 9 Financial Instruments)

[Draft] Updates to Committee agenda decisions for IFRS 18

  • Disclosure of Revenues and Expenses for Reportable Segments (IFRS 8 Operating Segments)
  • Demand Deposits with Restrictions on Use arising from a Contract with a Third Party (IAS 7 Statement of Cash Flows)
  • Subsequent Expenditure on Biological Assets (IAS 41 Agriculture)
  • Disclosure of Changes in Liabilities Arising from Financing Activities (IAS 7 Statement of Cash Flows)
  • Physical Settlement of Contracts to Buy or Sell a Non-financial Item (IFRS 9 Financial Instruments)
  • Income and expenses arising on financial instruments with a negative yield—presentation in the statement of comprehensive income (IAS 39 Financial Instruments: Recognition and Measurement and IAS 1 Presentation of Financial Statements)
  • Presentation of payments on non-income taxes (IAS 1 Presentation of Financial Statements and IAS 12 Income Taxes)
  • Classification of tonnage taxes (IAS 12 Income Taxes)
  • Normal operating cycle (IAS 1 Presentation of Financial Statements)
  • Supply Chain Financing Arrangements—Reverse Factoring

Agenda decisions for the IASB's consideration

  • Assessing Indicators of Hyperinflationary Economies (IAS 29 Financial Reporting in Hyperinflationary Economies)

Other matters

  • Business Combinations—Disclosures, Goodwill and Impairment
  • Work in Progress

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