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Issue - IAS 27 — Investment in a subsidiary accounted for at cost — partial disposal
Agenda decision supported?
Yes; although Deloitte does not find the analogies to IAS 28 Investments in Associates and Joint Ventures and to the investment entity requirements of IAS 27 persuasive in terms of the recognition of any difference between cost and fair value when IFRS 9 Financial Instruments is first applied.
Issue - IAS 27 — Investment in a subsidiary accounted for at cost — step acquisition
Agenda decision supported?
Yes.
Issue - IAS 37 — Payments relating to taxes other than income tax
Agenda decision supported?
Yes.
Issue - IFRS 9 — Application of the highly probable requirement in a cash flow hedge relationship
Agenda decision supported?
Yes.
Issue - IFRS 11 — Liabilities in relation to a joint operator’s interest in a joint operation
Agenda decision supported?
Yes; however, Deloitte believes additional clarity could be added by specifying that (a) in the circumstances described in the tentative agenda decision, the lead operator has primary responsibility for the lease liability; and (b) the Committee did not opine on the accounting for any contractual arrangements which may exist between joint operators in respect of a leased asset.
Issue - IFRS 15 — Assessment of promised goods or services
Agenda decision supported?
Yes.