21/09/2022 - EFRAG invites companies to participate in roundtable discussions on the IASB’s project Primary Financial Statements

EFRAG in coordination with the IASB and European national standard setters will conduct roundtable discussions with preparers focused on a selection of tentative decisions made by the IASB. These represent a change to the proposals in the Exposure Draft General Presentation and Disclosures (‘the ED’) issued in 2019.

EFRAG would like to invite you to participate in the roundtable discussions taking place on 24 October and 2 November 2022, from 9h to 11h (CET) (closed online event).

If you are interested to participate and express your views, please contact ioana.kiss@efrag.org by 30 September 2022.

Targeted Outreach: EFRAG invites companies to participate in roundtable discussions on the IASB’s project Primary Financial Statements

In December 2019, the IASB published the ED that focuses on improving how information is communicated in the financial statements, with a focus on information about performance in the statement of profit or loss.
Early in 2021, the IASB discussed the feedback received and has since made tentative decisions on key aspects of the proposals in response to the feedback received. Some of these decisions represent a change to the proposals in the ED.

The objective of the roundtable discussions is to receive feedback from a range of stakeholders that will help the IASB to assess whether the selected tentative decisions will function as intended and achieve the intended balance of costs and benefits. The topics to be addressed include, among others, the definition of the financing category, management performance measures and disclosure of operating expenses by nature. Your input is important for EFRAG's contributions to the IASB's redelibarations on the project.

When and how will the roundtable discussions be conducted?

The roundtable discussions will take place on 24 October and 2 November 2022, from 9h to 11h (CET) (until 11h30 depending on the number of participants). It will be a closed online event.

Participants will receive a set of documents prepared by the EFRAG Secretariat and the IASB Staff that includes background information on the project, the selected tentative decisions the IASB is seeking feedback on and specific questions for participants.

EFRAG will prepare a summary report on an anonymous basis which will be published on our website and discussed by EFRAG in public meetings.

Would you like to participate?

The roundtable discussions represent an opportunity to discuss the latest developments on this project and share your experience. All companies are welcome to participate, including:

Corporates (e.g. Energy, Industrials, Healthcare, Technology, Telecoms, Utilities, etc)
Corporates that conduct investing or financing activities as part or in the course of their main business activities (e.g. manufacturer providing financing to customers)
Financial Institutions (e.g. banks and insurance companies)
Conglomerates
Investment property companies

If you are interested to participate in the roundtables, please contact ioana.kiss@efrag.org by 30 September 2022.

Related project: IFRS 18 Presentation and Disclosure in Financial Statements