Draft IFRIC Interpretations/IFRIC Tentative Agenda Decisions

Tentative Agenda Decisions published in IFRIC Update November 2025:

1. Classification of Gains and Losses on a Derivative Managing a Foreign Currency Exposure (IFRS 18) 

2. Presentation of Taxes or Other Charges that are Not Income Taxes within the Scope of IAS 12 Income Taxes (IFRS 18)

3. Scope of the Requirement to Disclose Expenses by Nature (IFRS 18)

4. Assessment of a Specified Main Business Activity for the purposes of the Separate Financial Statements of a Parent (IFRS 18)

5. Updates to Committee's agenda decisions for IFRS 18 

6. Fair Presentation and Compliance with IFRS Accounting Standards (IAS 1) 

Tentative Agenda Decisions published in IFRIC Update September 2025:

1. Economic Benefits from Use of a Battery under an Offtake Arrangement
(IFRS 16 Leases); and

2. Classification of a Foreign Exchange Difference from an Intragroup Monetary Liability
(or Asset) (IFRS 18 Presentation and Disclosure in Financial Statements)

Tentative Agenda Decisions published in IFRIC Update June 2025:

1. Determining and Accounting for Transaction Costs (IFRS 9 Financial Instruments); 

2. Embedded Prepayment Option (IFRS 9 Financial Instruments); and

3. Updates to Committee’s agenda decisions for IFRS 18

Tentative Agenda Decision published in IFRIC Update September 2024:

1. Guarantees Issued on Obligations of Other Entities; and

2. Recognition of Revenue from Tuition Fees (IFRS 15 Revenue from Contracts with Customers)

Tentative Agenda Decision published in IFRIC Update June 2024:

Classification of Cash Flows related to Variation Margin Calls on ‘Collateralised-to-Market’ Contracts (IAS 7 Statement of Cash Flows)

Tentative Agenda Decision published in IFRIC Update November 2023:

1. Disclosure of Revenues and Expenses for Reportable Segments (IFRS 8 Operating Segments)

2. Climate-related Commitments (IAS 37 Provisions, Contingent Liabilities and Contingent Assets)

Tentative Agenda Decision published in IFRIC Update September 2023:

Payments Contingent on Continued Employment during Handover Periods (IFRS 3)

Tentative Agenda Decision published in IFRIC Update June 2023:

Merger between a Parent and its Subsidiary in Separate Financial Statements (IAS 27)

Tentative Agenda Decision published in IFRIC Update March 2023:

1.  Guarantee over a Derivative Contract (IFRS 9 Financial Instruments)

2.  Homes and Home Loans Provided to Employees

3. Premiums Receivable from an Intermediary (IFRS 17 Insurance Contracts and IFRS 9 Financial Instruments)

Tentative Agenda Decision published in IFRIC Update November 2022:

Definition of a Lease—Substitution Rights (IFRS 16 Leases)

Tentative Agenda Decision published in IFRIC Update June 2022:

Multi-currency Groups of Insurance Contracts (IFRS 17 Insurance Contracts and IAS 21 The Effects of Changes in Foreign Exchange Rates)

Tentative Agenda Decision published in IFRIC Update March 2022:

1. Lessor Forgiveness of Lease Payments (IFRS 9 Financial Instruments and  IFRS 16 Leases)

2. Special Purpose Acquisition Companies (SPAC): Accounting for Warrants at Acquisition

3. Special Purpose Acquisition Companies (SPAC): Classification of Public Shares as Financial Liabilities or Equity (IAS 32 Financial Instruments: Presentation)

4. Transfer of Insurance Coverage under a Group of Annuity Contracts  (IFRS 17 Insurance Contracts)

Tentative Agenda Decision published in IFRIC Update February 2022:

Negative Low Emission Vehicle Credits (IAS 37 Provisions, Contingent Liabilities and Contingent Assets)

Tentative Agenda Decision published in IFRIC Update November 2021:

Principal versus Agent: Software Reseller (IFRS 15 Revenue from Contracts with Customers)

Tentative Agenda Decisions published in IFRIC Update September 2021:

1. Demand Deposits with Restrictions on Use (IAS 7 Statement of Cash Flows)

2. Cash Received via Electronic Transfer as Settlement for a Financial Asset (IFRS 9 Financial Instruments) 

Tentative Agenda Decisions published in IFRIC Update June 2021:

1. TLTRO III Transactions (IFRS 9 Financial Instruments and IAS 20 Accounting for Government Grants and Disclosure of Government Assistance) 

2. Economic Benefits from Use of a Windfarm (IFRS 16 Leases)

Tentative Agenda Decisions published in IFRIC Update March 2021:

1. Accounting for Warrants that are Classified as Financial Liabilities on Initial Recognition (IAS 32 Financial Instruments: Presentation)

2. Non-refundable Value Added Tax on Lease Payments (IFRS 16 Leases)

Tentative Agenda Decisions published in IFRIC Update February 2021:

1. Costs Necessary to Sell Inventories (IAS 2 Inventories)

2. Preparation of Financial Statements when an Entity is No Longer a Going Concern (IAS 10 Events after the Reporting Period)

Tentative Agenda Decision – Classification of Debt with Covenants as Current or Non-current (IAS 1 Presentation of Financial Statements)

15 February 2021

Tentative Agenda Decisions published in IFRIC Update December 2020:

1. Attributing Benefit to Periods of Service (IAS 19 Employee Benefits)

2. Configuration or Customisation Costs in a Cloud Computing Arrangement (IAS 38 Intangible Assets)

15 February 2021

Tentative Agenda Decision published in IFRIC Update September 2020:

Sale and Leaseback of an Asset in a Single-Asset Entity (IFRS 10 and IFRS 16)

23 November 2020

Tentative Agenda Decision published in IFRIC Update June 2020:

Supply Chain Financing Arrangements – Reverse Factoring

30 September 2020

Tentative Agenda Decisions published in IFRIC Update March 2020:

1. Deferred Tax Related to an Investment in a Subsidiary (IAS 12 Income Taxes)

2. Sale and Leaseback with Variable Payments (IFRS 16 Leases)

Tentative Agenda Decisions published in IFRIC Update December 2019:

1. Player Transfer Payments (IAS 38 Intangible Assets) 

2. Multiple Tax Consequences of Recovering an Asset (IAS 12 Income Taxes)

Tentative Agenda Decisions published in IFRIC Update September 2019:

1. Training Costs to Fulfil a Contract (IFRS 15 Revenue from Contracts with Customers)

2. Definition of a Lease: Shipping Contract (IFRS 16 Leases) 

Tentative Agenda Decisions published in IFRIC Update June 2019:

1. Compensation for Delays or Cancellations (IFRS 15 Revenue from Contracts with Customers)

2. Fair Value Hedge of Foreign Currency Risk on Non-Financial Assets (IFRS 9 Financial Instruments)

3. Lessee’s Incremental Borrowing Rate (IFRS 16 Leases)

4. Lease Term and Useful Life of Leasehold Improvements (IFRS 16 Leases and IAS 16 Property, Plant and Equipment)

5. Presentation of Liabilities or Assets Related to Uncertain Tax Treatments (IAS 1 Presentation of Financial Statements)

6. Disclosure of Changes in Liabilities Arising from Financing Activities (IAS 7 Statement of Cash Flows)

7. Subsequent Expenditure on Biological Assets (IAS 41 Agriculture) 

Tentative Agenda Decisions published in IFRIC Update March 2019:

1. Subsurface Rights (IFRS 16 Leases)

2. Effect of a Potential Discount on Plan Classification (IAS 19 Employee Benefits)

3. Holdings of Cryptocurrencies

Tentative Agenda Decisions published in IFRIC Update December 2018:

1. Credit enhancement in the measurement of expected credit losses (IFRS 9 Financial Instruments).

2. Curing of a credit-impaired financial asset (IFRS 9 Financial Instruments).

3. Physical settlement of contracts to buy or sell a non-financial item (IFRS 9 Financial Instruments).

4. Sale of output by a joint operator (IFRS 11 Joint Arrangements).

5. Customer’s right to access the supplier’s software hosted on the cloud (IAS 38 Intangible Assets).

Tentative Agenda Decisions published in IFRIC Update June 2018:

1. Borrowing Costs on Land (IAS 23 Borrowing Costs).

2. Expenditures on Qualifying Asset (IAS 23 Borrowing Costs).

3. Determination of the exchange rate when there is a long-term lack of exchangeability (IAS 21 The Effects of Changes in Foreign Exchange Rates).