IASB publishes IFRIC 19, Amendments to IFRIC 14 and ED amending IFRS 1

The IASB has published:
- Interpretation IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments, that provides guidance on how to account for the extinguishment of a financial liability by the issue of equity instruments. The interpretation is effective for annual periods beginning on or after 1 July 2010 with earlier application permitted;
- Amendments to IFRIC 14 Prepayments of a Minimum Funding Requirements. It has an effective date for mandatory adoption of 1 January 2011, with early adoption permitted for 2009 year-end financial statements;
- ED of Proposed amendment to IFRS 1 Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters. It is open for comment until 29 December 2010.

Please find the press releases herewith attached.