IFRIC Update November 2025

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 25-26 November 2025 and discussed:

Committee's tentative agenda decisions

Classification of Gains and Losses on a Derivative Managing a Foreign Currency Exposure (IFRS 18 Presentation and Disclosure in Financial Statements)—Agenda Paper 2
Fair Presentation and Compliance with IFRS Accounting Standards (IAS 1 Presentation of Financial Statements)—Agenda Paper 3
Scope of the Requirement to Disclose Expenses by Nature (IFRS 18 Presentation and Disclosure in Financial Statements)—Agenda Paper 6
Assessment of a Specified Main Business Activity for the purposes of the Separate Financial Statements of a Parent (IFRS 18 Presentation and Disclosure in Financial Statements)—Agenda Paper 7
Presentation of Taxes or Other Charges that are Not Income Taxes within the Scope of IAS 12 Income Taxes (IFRS 18 Presentation and Disclosure in Financial Statements)—Agenda Paper 8

[Draft] Updates to Committee's agenda decisions for IFRS 18

Presentation of payments on non-income taxes (IAS 1 Presentation of Financial Statements and IAS 12 Income Taxes)—Agenda Papers 9–9C
Classification of tonnage taxes (IAS 12 Income Taxes)—Agenda Papers 9–9C

Agenda decisions for the IASB's consideration

Embedded Prepayment Option (IFRS 9 Financial Instruments)—Agenda Paper 4
Determining and Accounting for Transaction Costs (IFRS 9 Financial Instruments)—Agenda Paper 5
Updates to Committee’s agenda decisions for IFRS 18 Presentation and Disclosure in Financial Statements—Agenda Papers 9–9C

Other matters

Business Combinations—Disclosures, Goodwill and Impairment—Agenda Paper 10
Work in Progress—Agenda Paper 11

Addendum to IFRIC Update—Committee’s agenda decisions

Embedded Prepayment Option (IFRS 9 Financial Instruments)—Agenda Paper 4
Determining and Accounting for Transaction Costs (IFRS 9 Financial Instruments)—Agenda Paper 5

Addendum to IFRIC Update—Updates to agenda decisions for IFRS 18

Disclosure of Revenues and Expenses for Reportable Segments (IFRS 8 Operating Segments)—Agenda Papers 9–9C
Demand Deposits with Restrictions on Use arising from a Contract with a Third Party (IAS 7 Statement of Cash Flows)—Agenda Papers 9–9C
Subsequent Expenditure on Biological Assets (IAS 41 Agriculture)—Agenda Papers 9–9C
Disclosure of Changes in Liabilities Arising from Financing Activities (IAS 7 Statement of Cash Flows)—Agenda Papers 9–9C
Physical Settlement of Contracts to Buy or Sell a Non-financial Item (IFRS 9 Financial Instruments)—Agenda Papers 9–9C
Normal operating cycle (IAS 1 Presentation of Financial Statements)—Agenda Papers 9–9C