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IAS 23 — Over time transfer of constructed good
Deloitte agrees with the IFRS Interpretations Committee’s decision not to add this item onto its agenda for the reasons set out in the tentative agenda decision.
IAS 38 — Customer’s right to access the supplier’s software hosted on the cloud
Deloitte disagrees with the IFRS Interpretations Committee’s decision not to add this item onto its agenda. Deloitte notes that the agenda decision suggests that all licencing agreements are out of the scope of IFRS 16. Deloitte believes that this conclusion is an interpretation of the requirements of IFRS 16.3(e) and of IAS 38.6.
IFRS 9 — Credit enhancement in the measurement of expected credit losses
Deloitte agrees with the IFRS Interpretations Committee’s conclusion that if a credit enhancement is required to be recognised separately by IFRS Standards, an entity cannot include the cash flows expected from it in the measurement of expected credit losses. However, Deloitte notes that IFRS Standards do not specifically address when separate recognition of a purchased credit enhancement is required.
IFRS 9 — Curing of a credit-impaired financial asset
Deloitte agrees with the IFRS Interpretations Committee’s decision not to add this item onto its agenda for the reasons set out in the tentative agenda decision.
IFRS 9 — Physical settlement of contracts to buy or sell a non-financial item
Deloitte agrees with the IFRS Interpretations Committee’s decision not to add this item onto its agenda for the reasons set out in the tentative agenda decision.
IFRS 11 — Sales of output by a joint operator
Deloitte agrees with the IFRS Interpretations Committee’s decision not to add this item onto its agenda for the reasons set out in the tentative agenda decision, but recommend a change to provide clarity that no revenue or income should be recognised until the output is sold (whether it is revenue from contracts with customers or other income).