November 2021 IFRS Interpretations Committee Update
IFRIC Update is a summary of the decisions reached by the IFRS
Interpretations Committee (Committee) in its public meetings. Past Updates can be
found in the IFRIC Update archive.
The Committee met on 30 November–1 December 2021. The Committee did not discuss feedback
on the Tentative Agenda Decision TLTRO III Transactions (IFRS 9 Financial
Instruments and IAS 20 Accounting for Government Grants and Disclosure of
Government Assistance)—Agenda Paper 5. The Committee will discuss the feedback
at a future meeting.
The Committee discussed:
Committee's tentative agenda decisions
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Principal versus Agent: Software Resellers (IFRS 15 Revenue from Contracts with Customers)—Agenda Paper 2
Agenda decisions for the IASB's consideration
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Economic Benefits from Use of a Windfarm (IFRS 16 Leases)—Agenda Paper 3
Other matters
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Negative Low Emission Vehicle Credits (IAS 37 Provisions, Contingent Liabilities and Contingent Assets)—Agenda Paper 4
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Work in Progress—Agenda Paper 6