BC56 Paragraphs 14 and 15 of the Basis for Conclusions on ED 8 highlighted a potential difference from SFAS 131. SFAS 131 requires disclosure of 'long‑lived assets' excluding intangible assets, whereas ED 8 proposed disclosure of 'non‑current assets' including intangible assets. The Board reconsidered whether, in the interest of convergence, the IFRS should require disclosure of the subtotal of tangible non‑current assets.

BC57 The Board concluded that a separate disclosure of a subtotal of tangible non‑current assets was unnecessary on the grounds that the incremental benefit does not justify such disclosure. However, the Board noted that entities that wish to provide that information are free to do so.