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  • IAS 19 — Employee contributions to defined benefit plans
    issue and observed that the wording of paragraph 93 of IAS 19 seemed to suggest that all employee contributions in respect of service should be attributed to periods of service as a negative benefit in accordance with paragraph 93 of IAS 19 However the Interpretations Committee also observed that contributions that are linked solely to the employee s service rendered in the same period in which they are paid e g if the contributions are a fixed percentage of salary throughout the entire period of employment might also be considered to reduce the cost of short term employee benefits It was noted that the existing wording in paragraph 93 of IAS 19 did not make this clear and hence the Committee recommended to the IASB that this should be addressed through a narrow scope amendment to IAS 19 Current status of the project This project has been completed The IASB issued Defined Benefit Plans Employee Contributions Amendments to IAS 19 on 21 November 2013 Project milestones Date Development Comments February 2013 IASB added a narrow scope amendment project to its agenda Project added on recommendation of the IFRS Interpretations Committee 25 March 2013 ED 2013 4 Defined Benefit Plans Employee Contributions Proposed amendments to IAS 19 published Comment deadline 25 July 2013 21 November 2013 Defined Benefit Plans Employee Contributions Amendments to IAS 19 issued Effective for annual periods beginning on or after 1 July 2014 Related Discussions IAS 19 Defined benefit plans Employee contributions 30 Oct 2013 The Board discussed whether all due process steps have been completed IAS 19 Comment letter analysis on ED Employee Contributions 13 Sep 2013 The Board discussed comments received on ED 2013 4 Defined Benefit Plans Employee Contributions Proposed amendments to IAS 19 IAS 19 Employee contributions 10 Sep 2013 The Committee agree that it should propose to the IASB that re exposure is not necessary based on the re exposure criteria and mandatory effective date is set at 1 July 2014 with earlier application permitted subject to the discussions at a future IASB meeting IAS 19 Defined benefit plans employee contributions IASB only 21 Mar 2013 The Board discussed whether it was satisfied that all applicable due process steps have been met to date on the exposure draft proposing amendments to IAS 19 Employee Benefits IFRS Interpretations Committee issues IAS 19 IASB only 21 Feb 2013 The Board was presented with issues from the Interpretations Committee by the Staff on the discount rate IAS 19 and narrow scope amendments IAS 19 discussions IAS 19 Measurement of the net DBO for post employment benefit plans with employee contributions 22 Jan 2013 The Interpretations Committee discussed the classification of employee benefits that involve employee contributions to a defined benefit plan i e whether such contributions reduce short term employee benefits cost or whether they reduce post employment benefits cost by considering some examples where an employee is required to contribute to a defined benefit plan The majority of Committee members tentatively agreed to an

    Original URL path: http://www.iasplus.com/en/projects/completed/employee-benefits/ias-19-employee-contributions (2016-02-10)
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  • IAS 19 — Items not added to the agenda
    ATZ plans in Germany ATZ plans are early retirement programmes designed to create an incentive for employees within a certain age group to smooth the transition from full or part time employment into retirement before the employees legal retirement age IAS 19 Defined contribution plans with vesting conditions 06 Jul 2011 The Interpretations Committee received a request seeking clarification on the effect that vesting conditions have on the accounting for defined contribution plans The Committee was asked whether contributions to such plans should be recognised as an expense in the period for which they are paid or over the vesting period IAS 19 Accounting for a statutory employee profit sharing arrangement 04 Nov 2010 The IFRS Interpretations Committee received a request for clarification of the accounting for a statutory employee profit sharing arrangement that requires an entity to share 10 per cent of profit calculated in accordance with tax law subject to specific exceptions with employees IAS 19 Settlements 07 May 2008 The IFRIC received a request to clarify whether some payments of benefits under a defined benefit plan are settlements as defined in IAS 19 The payments in question arise when an existing plan gives plan members the option to choose to receive a lump sum payment at retirement instead of ongoing payments IAS 19 Definition of plan assets 10 Jan 2008 The IFRIC received a request for guidance on the accounting for investment or insurance policies that are issued by an entity to a pension plan covering its own employees or the employees of an entity that is consolidated in the same group as the entity issuing the policy The request asked for guidance on whether such policies would be part of plan assets in the consolidated and separate financial statements of the sponsor IAS 19 Pension promises based on performance hurdles 10 Jan 2008 The IFRIC received a request to clarify the measurement of the defined benefit obligation when pension promises are based on achieving specific performance targets Performance targets may relate to various forms of pension promises ranging from additional pensionable earnings from performance bonuses to more complex arrangements relating to additional sponsor contributions or years of deemed service The issue is how defined benefit plans with such features should be accounted for in accordance with IAS 19 IAS 19 Death in service benefits 10 Jan 2008 An entity may provide payments to employees if they die while employed death in service benefits In some situations IAS 19 requires these benefits to be attributed to periods of service using the Projected Unit Credit Method The IFRIC received a request for guidance on how an entity should attribute these benefits to periods of service The request noted that different treatments existed in practice IAS 19 Changes to a plan caused by government 01 Nov 2007 The IFRIC was asked to provide guidance on accounting for the effects of a change to a defined benefit plan resulting from action by a government IAS 19 Treatment of employee contributions

    Original URL path: http://www.iasplus.com/en/projects/not-added/ias-19-not-added (2016-02-10)
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  • IAS 19 — Multiemployer plan exemption
    Items not added to the agenda IFRIC Navigation Employee benefits Employee benefits Convergence issues superseded IAS 19 Actuarial gains and losses group plans and disclosures IAS 19 Allocation of benefits to periods of service IAS 19 Changes in employment benefits and actuarial assumptions IAS 19 Discount rate IAS 19 Distinction between curtailments and past service cost IAS 19 Distinguishing between defined benefit and defined contribution plans hybrid plans IAS 19 Effect of minimum funding requirements on asset ceiling IAS 19 Employee benefit plans with a promised return on contributions or notional contributions IAS 19 Employee contributions to defined benefit plans IAS 19 Multiemployer plan exemption IAS 19 Termination benefits IAS 19 The asset ceiling IFRIC 14 Voluntary prepaid contributions under a minimum funding requirement Post employment benefits Amendments to IAS 19 Post employment benefits Discount rate Info IAS 19 Multiemployer plan exemption Background If a multi employer plan is a defined benefit plan but the employer does not have sufficient information to account for it as such IAS 19 30 allows accounting as if the plan were a defined contribution plan with disclosures IFRIC is considering whether further guidance should be provided in applying the exemption criteria The IFRIC discussed two issues How to define a multi employer plan that meets the exemption in IAS 19 30 If the plan does not meet the exemption how it should apply defined benefit plan accounting Current status of the project After issuing a Draft Interpretation the IFRIC did not finalise an Interpretation on this matter Instead the issues became part of of the amendments to IAS 19 Employee Benefits 1998 issued in December 2004 Project milestones Date Development Comments 6 May 2004 Draft Interpretation D6 Multi employer Plans published Comment deadline 9 July 2004 16 December 2004 Amendments to IAS 19 Employee

    Original URL path: http://www.iasplus.com/en/projects/completed/employee-benefits/project133 (2016-02-10)
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  • IAS 19 — Termination benefits
    defined contribution plans hybrid plans IAS 19 Effect of minimum funding requirements on asset ceiling IAS 19 Employee benefit plans with a promised return on contributions or notional contributions IAS 19 Employee contributions to defined benefit plans IAS 19 Multiemployer plan exemption IAS 19 Termination benefits IAS 19 The asset ceiling IFRIC 14 Voluntary prepaid contributions under a minimum funding requirement Post employment benefits Amendments to IAS 19 Post employment benefits Discount rate Info IAS 19 Termination benefits Background In June 2005 the IASB published an Exposure Draft of Amendments to IAS 19 Employee Benefits 1998 dealing with the accounting for termination benefits together with proposed amendments to IAS 37 Provisions Contingent Liabilities and Contingent Assets With regard to termination benefits the IASB proposed termination benefits to encourage employees to leave service voluntarily voluntary termination benefits should be recognised when employees accept the entity s offer of those benefits termination benefits provided as a result of an entity terminating employment involuntary termination benefits should be recognised when the entity has communicated its plan of termination to the affected employees and the plan meets specified criteria unless the involuntary termination benefits are provided in exchange for employees future services i e in substance they are a stay bonus In such cases the liability for those benefits should be recognised over the period of the future service In October 2009 the Board tentatively decided to finalise those IAS 19 amendments separately and that entities should apply the amendments for annual periods beginning on or after 1 January 2011 with early adoption permitted Current status of the project This project has been completed The IASB issued IAS 19 Employee Benefits on 16 June 2011 Project milestones Date Development Comments 30 June 2005 Exposure Draft Proposed Amendments to IAS 37 Provisions Contingent Liabilities and

    Original URL path: http://www.iasplus.com/en/projects/completed/employee-benefits/termination-benefits (2016-02-10)
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  • IAS 19 — The asset ceiling
    19 Distinguishing between defined benefit and defined contribution plans hybrid plans IAS 19 Effect of minimum funding requirements on asset ceiling IAS 19 Employee benefit plans with a promised return on contributions or notional contributions IAS 19 Employee contributions to defined benefit plans IAS 19 Multiemployer plan exemption IAS 19 Termination benefits IAS 19 The asset ceiling IFRIC 14 Voluntary prepaid contributions under a minimum funding requirement Post employment benefits Amendments to IAS 19 Post employment benefits Discount rate Info IAS 19 The asset ceiling Background The IASB decided to revise IAS 19 Employee Benefits 1998 to eliminate inconsistencies and complexities surrounding the accounting for post employee benefit plans The main paragraph identified for revision was paragraph 58 which can result in an actuarial loss being deferred on the balance sheet if there is a surplus in the pension fund The corridor principle was also identified as complex In particular a counter intuitive result can be produced by the interaction of two aspects of IAS 19 the option to defer gains and losses in the pension fund and the limit on the amount that can be recognised as an asset the asset ceiling Because of the wording of the asset ceiling a gain is sometimes recognised solely as a result of deferring and amortising an actuarial loss or added past service cost in the current period Conversely deferral of actuarial gains sometimes causes a loss to be recognised Current status of the project This project has been completed An amendment to IAS 19 Employee Benefits was issued on 31 May 2002 Project milestones Date Development Comments 25 February 2002 Exposure draft published Comment deadline 25 February 2002 31 May 2002 Amendment to IAS 19 Employee Benefits issued Effective for accounting periods ending on or after 31 May 2002 Related Discussions

    Original URL path: http://www.iasplus.com/en/projects/completed/employee-benefits/project88 (2016-02-10)
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  • IAS 20 — Items not added to the agenda
    added to the agenda IAS 16 Items not added to the agenda IAS 17 Items not added to the agenda IAS 18 Items not added to the agenda IAS 19 Items not added to the agenda IAS 20 Items not added to the agenda IAS 21 Items not added to the agenda IAS 23 Items not added to the agenda IAS 24 Items not added to the agenda IAS 26 Items not added to the agenda IAS 27 Items not added to the agenda IAS 28 Items not added to the agenda IAS 29 Items not added to the agenda IAS 31 Items not added to the agenda IAS 32 Items not added to the agenda IAS 33 Items not added to the agenda IAS 34 Items not added to the agenda IAS 36 Items not added to the agenda IAS 37 Items not added to the agenda IAS 38 Items not added to the agenda IAS 39 Items not added to the agenda IAS 40 Items not added to the agenda IAS 41 Items not added to the agenda IFRS 1 Items not added to the agenda IFRS 2 Items not added to the agenda IFRS 3 Items not added to the agenda IFRS 4 Items not added to the agenda IFRS 5 Items not added to the agenda IFRS 6 Items not added to the agenda IFRS 7 Items not added to the agenda IFRS 8 Items not added to the agenda IFRS 9 Items not added to the agenda IFRS 10 Items not added to the agenda IFRS 11 Items not added to the agenda IFRS 12 Items not added to the agenda IFRS 13 Items not added to the agenda IFRS 14 Items not added to the agenda IFRIC 21 Items not added to the agenda

    Original URL path: http://www.iasplus.com/en/projects/not-added/ias-20-not-added (2016-02-10)
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  • IAS 21 — Hedging a net investment
    measurement Financial instruments Derecognition Financial instruments Effective date of IFRS 9 IAS 21 Hedging a net investment IAS 32 Classification of instruments denominated in a foreign currency IAS 32 Classification of rights issues IAS 32 Members shares in co operative entities IAS 32 Puttable financial instruments IAS 32 IAS 39 Improvements to IASC financial instruments standards IAS 39 Cash flow hedge accounting of forecast intragroup transactions IAS 39 Exposures qualifying for hedge accounting IAS 39 Fair value option IAS 39 Macro hedging IAS 39 Reassessment of embedded derivatives IAS 39 Transition and day 1 profit recognition IAS 39 IAS 32 Debt to equity swaps IAS 39 IAS 37 Credit risk in liability measurement IAS 39 IFRS 4 Financial guarantee contracts and credit insurance IAS 39 IFRS 7 Reclassification of financial assets IAS 39 IFRS 9 Novation of OTC derivatives and continuing designation for hedge accounting IFRIC 16 Amendment to the restriction on the entity that can hold hedging instruments IFRIC 9 Scope of IFRIC 9 and revised IFRS 3 IFRS 7 Disclosures about investments in debt instruments IFRS 7 Improved disclosures about financial instruments Financial instruments General hedge accounting Financial instruments Impairment Financial instruments Limited reconsideration of IFRS 9 IAS 32 Put options over non controlling interests NCIs Info IAS 21 Hedging a net investment Background This International Financial Reporting Interpretations Committee IFRIC project considered how to account for a hedge in a net investment hedge in a foreign operation in a group s consolidated financial statements Current status of the project This project has been completed IFRIC 16 Hedges of a New Investment in a Foreign Operation was issued on 3 July 2008 Project milestones Date Development Comments 19 July 2007 IFRIC Draft Interpretation D22 Hedges of a Net Investment in a Foreign Operation published Comment deadline 19 October 2007 3 July 2008 IFRIC 16 Hedges of a New Investment in a Foreign Operation issued Effective for annual periods beginning on or after 1 October 2008 Related Discussions IFRIC D22 Sweep issues and Draft Interpretation 08 May 2008 The IFRIC discussed a revised draft of the Interpretation Hedges of a Net Investment in a Foreign Operation reflecting the decisions made at previous meetings IFRIC D22 Preliminary discussion of comprehensive example 06 Mar 2008 IFRIC considered a comprehensive example to confirm some of the principles underlying Draft Interpretation D22 Hedges of a Net Investment in a Foreign Operation The IFRIC also discussed a number of points whilst reviewing the examples in depth considered other issues raised by commentators and considered the way forward IFRIC D22 Analysis of comment letters and first redeliberations 11 Jan 2008 The staff presented to the IFRIC their analysis of comment letters received on the IFRIC s draft Interpretation D22 Hedges of a Net Investment in a Foreign Operation IAS 21 Hedging a net investment in a foreign operation 03 May 2007 The IFRIC discussed some sweep issues related to a proposed Draft Interpretation on the accounting for a hedge of a net investment in a

    Original URL path: http://www.iasplus.com/en/projects/completed/fi/project125 (2016-02-10)
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  • IAS 21 — Items not added to the agenda
    the agenda IAS 16 Items not added to the agenda IAS 17 Items not added to the agenda IAS 18 Items not added to the agenda IAS 19 Items not added to the agenda IAS 20 Items not added to the agenda IAS 21 Items not added to the agenda IAS 23 Items not added to the agenda IAS 24 Items not added to the agenda IAS 26 Items not added to the agenda IAS 27 Items not added to the agenda IAS 28 Items not added to the agenda IAS 29 Items not added to the agenda IAS 31 Items not added to the agenda IAS 32 Items not added to the agenda IAS 33 Items not added to the agenda IAS 34 Items not added to the agenda IAS 36 Items not added to the agenda IAS 37 Items not added to the agenda IAS 38 Items not added to the agenda IAS 39 Items not added to the agenda IAS 40 Items not added to the agenda IAS 41 Items not added to the agenda IFRS 1 Items not added to the agenda IFRS 2 Items not added to the agenda IFRS 3 Items not added to the agenda IFRS 4 Items not added to the agenda IFRS 5 Items not added to the agenda IFRS 6 Items not added to the agenda IFRS 7 Items not added to the agenda IFRS 8 Items not added to the agenda IFRS 9 Items not added to the agenda IFRS 10 Items not added to the agenda IFRS 11 Items not added to the agenda IFRS 12 Items not added to the agenda IFRS 13 Items not added to the agenda IFRS 14 Items not added to the agenda IFRIC 21 Items not added to the agenda IFRS Interpretations Committee agenda discussions Info IAS 21 Items not added to the agenda Background This page presents a summary of items not added to the IFRS Interpretations Committee s agenda in relation to IAS 21 The Effects of Changes in Foreign Exchange Rates together with the Committee s public explanation of the reasons for not adding those items to its agenda Related Discussions IFRS 10 IFRS 11 Transition provisions in respect of impairment foreign exchange and borrowing costs 13 Nov 2013 The IFRS Interpretations Committee received a request to clarify the transition provisions of IFRS 10 Consolidated Financial Statements and IFRS 11 Joint Arrangements in particular the lack of specific exemptions from retrospective application in respect of the application of IAS 21 The Effects of Changes in Foreign Exchange Rates IAS 23 Borrowing Costs or IAS 36 Impairment of Assets IAS 21 Repayments of investments and foreign currency translation reserve 01 Sep 2010 The Committee received a request for guidance on the reclassification of the foreign currency translation reserve FCTR when a repayment of a foreign investment occurs IAS 21 Determination of functional currency of an investment holding company 04 Mar 2010 The IFRIC received a request for guidance on whether

    Original URL path: http://www.iasplus.com/en/projects/not-added/ias-21-not-added (2016-02-10)
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