June 2022 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 14-15 June 2022, and discussed:
Committee's tentative agenda decisions
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Multi-currency Groups of Insurance Contracts (IFRS 17 Insurance Contracts and IAS 21 The Effects of Changes in Foreign Exchange Rates)—Agenda Paper 6
Agenda decisions for the IASB's consideration
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Cash Received via Electronic Transfer as Settlement for a Financial Asset (IFRS 9 Financial Instruments)—Agenda Paper 3
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Negative Low Emission Vehicle Credits (IAS 37 Provisions, Contingent Liabilities and Contingent Assets)—Agenda Paper 4
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Special Purpose Acquisition Companies (SPAC): Classification of Public Shares as Financial Liabilities or Equity (IAS 32 Financial Instruments: Presentation)—Agenda Paper 5
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Transfer of Insurance Coverage under a Group of Annuity Contracts (IFRS 17 Insurance Contracts)—Agenda Paper 7
Other matters
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Consolidation of a Non-hyperinflationary Subsidiary by a Hyperinflationary Parent (IAS 21 The Effects of Changes in Foreign Exchange Rates and IAS 29 Financial Reporting in Hyperinflationary Economies)—Agenda Paper 2
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Work in Progress—Agenda Paper 8
Addendum to IFRIC Update—Committee’s agenda decisions
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Negative Low Emission Vehicle Credits (IAS 37 Provisions, Contingent Liabilities and Contingent Assets)—Agenda Paper 4
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Special Purpose Acquisition Companies (SPAC): Classification of Public Shares as Financial Liabilities or Equity (IAS 32 Financial Instruments: Presentation)—Agenda Paper 5
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Transfer of Insurance Coverage under a Group of Annuity Contracts (IFRS 17 Insurance Contracts)—Agenda Paper 7