Comment on ED/2018/2 Onerous contracts – Cost of Fulfilling a Contract

"Grant Thornton" refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or
more member firms, as the context requires. Grant Thornton International Ltd (GTIL) and the member firms are not a worldwide partnership. GTIL and each member
firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and
do not obligate, one another and are not liable for one another’s acts or omissions.
International Accounting Standards Board
Columbus Building
7 Westferry Circus
Canary Wharf
London
E14 4HD
April 5, 2019
Submitted electronically through the IFRS Foundation website (www.ifrs.org)
ED/2018/2 Onerous contracts – Cost of Fulfilling a Contract
(Proposed amendments to IAS 37)
Grant Thornton International Ltd is pleased to comment on the International Accounting
Standards Board's (the Board) Exposure Draft ED/2018/2 Onerous contracts – Cost of
Fulfilling a Contract (Proposed amendments to IAS 37). We have considered the ED, as well
as the accompanying draft Basis for Conclusions.
We generally support the proposed amendments subject to the comments and
recommendations which we have set out in the attached Appendix.
If you have any questions on our response, or wish us to expand on our comments, please
contact me by email ([e-mail]) or telephone (+ 44 (0)207 391 9587).
Yours sincerely,
Stephen Miller
Director, IFRS
Grant Thornton International Ltd.
Grant Thornton International Ltd
20 Fenchurch Street
Level 25
London EC3M 3BY