FICE project – IASB tentative decisions on disclosures

• the presentation and disclosure requirements in the Exposure Draft Financial Instruments with Characteristics of Equity, in the form of amendments to IFRS 18 and IFRS 7; and 
• the timetable for issuing these proposed amendments.  

The proposed amendments to IFRS 18 and IFRS 7 regarding presentation and disclosures mainly concern: 

• presentation of the profit or loss attributable to owners of the parent company based on their respective contractual rights to profit or loss participation; 
• the objective, scope and general principles of IFRS 7; 
• the nature and priority of claims relating to financial instruments, determined at the reporting date; 
• the contractual characteristics of compound and other financial instruments; 
• the maximum dilution of ordinary shares. 

The Board’s proposals on each of these topics will be presented in detail in a future issue.  

The IASB tentatively reached a unanimous decision not to separate the publication of these amendments from that of amendments relating to classification and other disclosures. This decision signals the end of the approach envisaged in July 2024, which was to publish the presentation and disclosure amendments described above on an accelerated basis in order to align their effective date with that of IFRS 18.