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      What's the issue?

      In its September meeting, the IFRS® Interpretations Committee discussed how foreign exchange differences arising on intercompany loans should be classified in consolidated financial statements under IFRS 18 Presentation and Disclosure in Financial Statements. Companies will need to keep a close eye on the outcome of these discussions as they prepare financial statements using IFRS 18.

      In our latest video, part of a series on key discussions by the Committee, Brian O’Donovan summarises what was covered.

      Brian O'Donovan
      Brian O'Donovan

      Global IFRS and Corporate Reporting Leader

      KPMG International

      These exchange differences can be big, volatile, unpredictable – so this question could have a material impact on your consolidated profit and loss account.

      Brian O’Donovan,

      KPMG Global IFRS and Corporate Reporting Leader, and IFRS Interpretations Committee member

      Find out more

      Visit our IFRIC agenda decisions page for previous videos from Brian, summarising key discussions at the IFRS Interpretations Committee.

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