Three final IFRIC Agenda Decisions published in an addendum to June 2022 IFRIC Update

During the meeting held on 14-15 June 2022, IFRIC had finalised the agenda decisions on:

• Negative Low Emission Vehicle Credits (IAS 37 Provisions, Contingent Liabilities and Contingent Assets)
• Special Purpose Acquisition Companies (SPAC): Classification of Public Shares as Financial Liabilities or Equity (IAS 32 Financial Instruments: Presentation)
• Transfer of Insurance Coverage under a Group of Annuity Contracts (IFRS 17 Insurance Contracts)

In accordance with the Due Process Handbook, the IASB discussed the agenda decision in its July 2022 meeting and did not object to the agenda decision.

The final agenda decisions are now published in an addendum to the June 2022 IFRIC Update.

The addendum to the June 2022 IFRIC Update may be accessed here.