|
|
IAS 19 — Effect of a potential discount on plan classification
While Deloitte agrees with the IFRS Interpretations Committee’s decision not to add this item onto its agenda, Deloitte does not believe that the tentative agenda decision adequately identifies the principles applicable to an analysis of the fact pattern. In addition, Deloitte does not believe that the terms and conditions of the plan as presented in the tentative agenda decision are sufficiently detailed to permit a conclusion on the classification of the plan as a defined contribution plan or defined benefit plan.
IFRS 15 — Costs to fulfil a contract
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 16 — Subsurface rights
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.
Cryptocurrencies
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 believe that the usefulness of the agenda decision could be enhanced by addressing two recurring issues related to cryptocurrencies that are accounted for under IAS 38. Deloitte also notes that the tentative agenda decision highlights the poor definition of cash provided in IFRS Standards.