March 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 15-16 March 2022, and discussed:

Committee's tentative agenda decisions

Transfer of Insurance Coverage under a Group of Annuity Contracts (IFRS 17 Insurance Contracts)—Agenda Paper 2
Lessor Forgiveness of Lease Payments (IFRS 9 Financial Instruments and IFRS 16 Leases)—Agenda Paper 4
Special Purpose Acquisition Companies (SPAC): Classification of Public Shares as Financial Liabilities or Equity (IAS 32 Financial Instruments: Presentation)—Agenda Paper 5
Special Purpose Acquisition Companies (SPAC): Accounting for Warrants at Acquisition—Agenda Paper 6

Agenda decisions for the IASB's consideration

Demand Deposits with Restrictions on Use arising from a Contract with a Third Party (IAS 7 Statement of Cash Flows)—Agenda Paper 3

Other matters

Forgiveness of Lease Payments—Lessees (IFRS 9 Financial Instruments and IFRS 16 Leases)—Agenda Paper 4
Work in Progress—Agenda Paper 7

Addendum to IFRIC Update—Committee’s agenda decisions

Demand Deposits with Restrictions on Use arising from a Contract with a Third Party (IAS 7 Statement of Cash Flows)—Agenda Paper 3