The IFRIC issued IFRIC 19 'Extinguishing Financial Liabilities with Equity Instruments' in November 2009. IFRIC 19 applies in the circumstances that an entity renegotiates the terms of a financial liability and issues equity instruments to extinguish all or part of the financial liability.

IFRIC 19 requires that the equity instruments issued are measured at their fair value. If their fair value cannot be reliably measured the equity instruments are measured to reflect the fair value of the financial liability extinguished. IFRIC 19 states the difference between the financial liability extinguished and the initial measurement amount of the equity instrument issued is included in profit and loss.

The IFRIC is currently developing a draft Interpretation that will address the accounting for production phase stripping costs in the mining industry.

In addition, the IFRIC has decided to take onto its agenda a project to clarify the vesting conditions in accordance with IFRS 2 'Share-based Payment'.