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Friday 22 January 2021

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The IASB agreed with the Interpretations Committee’s recommendation

 16 November 2011

Following the IFRS Interpretations Committee's recommendation, the IASB agreed that the timing of recognition of compensation for items of property, plant and equipment that were impaired, lost or given up in paragraph 65 of IAS 16 Property, Plant and Equipment (ie 'when the compensation becomes receivable'), is sufficiently understood within IFRSs and no clarification is needed.

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