IFRIC Update June 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 June 2025 and discussed:
Committee's tentative agenda decisions
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Determining and Accounting for Transaction Costs (IFRS 9 Financial Instruments)—Agenda Paper 2
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Embedded Prepayment Option (IFRS 9 Financial Instruments)—Agenda Paper 3
[Draft] Updates to Committee agenda decisions for IFRS 18
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Disclosure of Revenues and Expenses for Reportable Segments (IFRS 8 Operating Segments)—Agenda Paper 5A
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Demand Deposits with Restrictions on Use arising from a Contract with a Third Party (IAS 7 Statement of Cash Flows)—Agenda Paper 5A
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Subsequent Expenditure on Biological Assets (IAS 41 Agriculture)—Agenda Paper 5A
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Disclosure of Changes in Liabilities Arising from Financing Activities (IAS 7 Statement of Cash Flows)—Agenda Paper 5A
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Physical Settlement of Contracts to Buy or Sell a Non-financial Item (IFRS 9 Financial Instruments)—Agenda Paper 5A
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Income and expenses arising on financial instruments with a negative yield—presentation in the statement of comprehensive income (IAS 39 Financial Instruments: Recognition and Measurement and IAS 1 Presentation of Financial Statements)—Agenda Paper 5A
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Presentation of payments on non-income taxes (IAS 1 Presentation of Financial Statements and IAS 12 Income Taxes)—Agenda Paper 5A
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Classification of tonnage taxes (IAS 12 Income Taxes)—Agenda Paper 5A
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Normal operating cycle (IAS 1 Presentation of Financial Statements)—Agenda Paper 5A
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Supply Chain Financing Arrangements—Reverse Factoring—Agenda Paper 5B
Agenda decisions for the IASB's consideration
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Assessing Indicators of Hyperinflationary Economies (IAS 29 Financial Reporting in Hyperinflationary Economies)—Agenda Paper 4