Commission Regulation (EU) 2023/1803 of 13 August 2023 adopting certain internati... (32023R1803)
Commission Regulation (EU) 2023/1803 of 13 August 2023 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council (Text with EEA relevance)
- COMMISSION REGULATION (EU) 2023/1803
- of 13 August 2023
- adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council
- (Text with EEA relevance)
- Article 1
- Article 2
- Article 3
- Article 4
- Article 5
- ANNEX
- INTERNATIONAL ACCOUNTING STANDARDS
- INTERNATIONAL ACCOUNTING STANDARD 1
- Presentation of Financial Statements
- OBJECTIVE
- SCOPE
- DEFINITIONS
- FINANCIAL STATEMENTS
- Purpose of financial statements
- Complete set of financial statements
- General features
- Fair presentation and compliance with IFRSs
- Going concern
- Accrual basis of accounting
- Materiality and aggregation
- Offsetting
- Frequency of reporting
- Comparative information
- Minimum comparative information
- Additional comparative information
- Change in accounting policy, retrospective restatement or reclassification
- Consistency of presentation
- STRUCTURE AND CONTENT
- Introduction
- Identification of the financial statements
- Statement of financial position
- Information to be presented in the statement of financial position
- Current/non-current distinction
- Current assets
- Current liabilities
- Information to be presented either in the statement of financial position or in the notes
- Statement of profit or loss and other comprehensive income
- Information to be presented in the profit or loss section or the statement of profit or loss
- Information to be presented in the other comprehensive income section
- Profit or loss for the period
- Other comprehensive income for the period
- Information to be presented in the statement(s) of profit or loss and other comprehensive income or in the notes
- Statement of changes in equity
- Information to be presented in the statement of changes in equity
- Information to be presented in the statement of changes in equity or in the notes
- Statement of cash flows
- Notes
- Structure
- Disclosure of accounting policies
- Sources of estimation uncertainty
- Capital
- Puttable financial instruments classified as equity
- Other disclosures
- TRANSITION AND EFFECTIVE DATE
- WITHDRAWAL OF IAS 1 (REVISED 2003)
- INTERNATIONAL ACCOUNTING STANDARD 2
- Inventories
- OBJECTIVE
- SCOPE
- DEFINITIONS
- MEASUREMENT OF INVENTORIES
- Cost of inventories
- Costs of purchase
- Costs of conversion
- Other costs
- Cost of agricultural produce harvested from biological assets
- Techniques for the measurement of cost
- Cost formulas
- Net realisable value
- RECOGNITION AS AN EXPENSE
- DISCLOSURE
- EFFECTIVE DATE
- WITHDRAWAL OF OTHER PRONOUNCEMENTS
- INTERNATIONAL ACCOUNTING STANDARD 7
- Statement of Cash Flows
- (2)
- OBJECTIVE
- SCOPE
- BENEFITS OF CASH FLOW INFORMATION
- DEFINITIONS
- Cash and cash equivalents
- PRESENTATION OF A STATEMENT OF A CASH FLOWS
- Operating activities
- Investing activities
- Financing activities
- REPORTING CASH FLOWS FROM OPERATING ACTIVITIES
- REPORTING CASH FLOWS FROM INVESTING AND FINANCING ACTIVITIES
- REPORTING CASH FLOWS ON A NET BASIS
- FOREIGN CURRENCY CASH FLOWS
- INTEREST AND DIVIDENDS
- TAXES ON INCOME
- INVESTMENTS IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES
- CHANGES IN OWNERSHIP INTERESTS IN SUBSIDIARIES AND OTHER BUSINESSES
- NON-CASH TRANSACTIONS
- CHANGES IN LIABILITIES ARISING FROM FINANCING ACTIVITIES
- COMPONENTS OF CASH AND CASH EQUIVALENTS
- OTHER DISCLOSURES
- EFFECTIVE DATE
- INTERNATIONAL ACCOUNTING STANDARD 8
- Accounting Policies, Changes in Accounting Estimates and Errors
- OBJECTIVE
- SCOPE
- DEFINITIONS
- ACCOUNTING POLICIES
- Selection and application of accounting policies
- Consistency of accounting policies
- Changes in accounting policies
- Applying changes in accounting policies
- Retrospective application
- Limitations on retrospective application
- Disclosure
- ACCOUNTING ESTIMATES
- Changes in accounting estimates
- Applying changes in accounting estimates
- Disclosure
- ERRORS
- Limitations on retrospective restatement
- Disclosure of prior period errors
- IMPRACTICABILITY IN RESPECT OF RETROSPECTIVE APPLICATION AND RETROSPECTIVE RESTATEMENT
- EFFECTIVE DATE AND TRANSITION
- WITHDRAWAL OF OTHER PRONOUNCEMENTS
- INTERNATIONAL ACCOUNTING STANDARD 10
- Events after the Reporting Period
- OBJECTIVE
- SCOPE
- DEFINITIONS
- RECOGNITION AND MEASUREMENT
- Adjusting events after the reporting period
- Non-adjusting events after the reporting period
- Dividends
- GOING CONCERN
- DISCLOSURE
- Date of authorisation for issue
- Updating disclosure about conditions at the end of the reporting period
- Non-adjusting events after the reporting period
- EFFECTIVE DATE
- WITHDRAWAL OF IAS 10 (REVISED 1999)
- INTERNATIONAL ACCOUNTING STANDARD 12
- Income Taxes
- OBJECTIVE
- SCOPE
- DEFINITIONS
- Tax base
- RECOGNITION OF CURRENT TAX LIABILITIES AND CURRENT TAX ASSETS
- RECOGNITION OF DEFERRED TAX LIABILITIES AND DEFERRED TAX ASSETS
- TAXABLE TEMPORARY DIFFERENCES
- Business combinations
- Assets carried at fair value
- Goodwill
- Initial recognition of an asset or liability
- Deductible temporary differences
- Goodwill
- Initial recognition of an asset or liability
- Unused tax losses and unused tax credits
- Reassessment of unrecognised deferred tax assets
- Investments in subsidiaries, branches and associates and interests in joint arrangements
- MEASUREMENT
- RECOGNITION OF CURRENT AND DEFERRED TAX
- Items recognised in profit or loss
- Items recognised outside profit or loss
- Deferred tax arising from a business combination
- Current and deferred tax arising from share-based payment transactions
- PRESENTATION
- Tax assets and tax liabilities
- Offset
- Tax expense
- Tax expense (income) related to profit or loss from ordinary activities
- Exchange differences on deferred foreign tax liabilities or assets
- DISCLOSURE
- EFFECTIVE DATE
- WITHDRAWAL OF SIC-21
- INTERNATIONAL ACCOUNTING STANDARD 16
- Property, Plant and Equipment
- OBJECTIVE
- SCOPE
- DEFINITIONS
- RECOGNITION
- Initial costs
- Subsequent costs
- MEASUREMENT AT RECOGNITION
- Elements of cost
- Measurement of cost
- MEASUREMENT AFTER RECOGNITION
- Cost model
- Revaluation model
- Depreciation
- Depreciable amount and depreciation period
- Depreciation method
- Impairment
- Compensation for impairment
- DERECOGNITION
- DISCLOSURE
- TRANSITIONAL PROVISIONS
- EFFECTIVE DATE
- WITHDRAWAL OF OTHER PRONOUNCEMENTS
- INTERNATIONAL ACCOUNTING STANDARD 19
- Employee Benefits
- OBJECTIVE
- SCOPE
- DEFINITIONS
- SHORT-TERM EMPLOYEE BENEFITS
- Recognition and measurement
- All short-term employee benefits
- Short-term paid absences
- Profit-sharing and bonus plans
- Disclosure
- POST-EMPLOYMENT BENEFITS: DISTINCTION BETWEEN DEFINED CONTRIBUTION PLANS AND DEFINED BENEFIT PLANS
- Multi-employer plans
- Defined benefit plans that share risks between entities under common control
- State plans
- Insured benefits
- POST-EMPLOYMENT BENEFITS: DEFINED CONTRIBUTION PLANS
- Recognition and measurement
- Disclosure
- POST-EMPLOYMENT BENEFITS: DEFINED BENEFIT PLANS
- Recognition and measurement
- Accounting for the constructive obligation
- Statement of financial position
- Recognition and measurement: present value of defined benefit obligations and current service cost
- Actuarial valuation method
- Attributing benefit to periods of service
- Actuarial assumptions
- Actuarial assumptions: mortality
- Actuarial assumptions: discount rate
- Actuarial assumptions: salaries, benefits and medical costs
- Past service cost and gains and losses on settlement
- Past service cost
- Gains and losses on settlement
- Recognition and measurement: plan assets
- Fair value of plan assets
- Reimbursements
- Components of defined benefit cost
- Current service cost
- Net interest on the net defined benefit liability (asset)
- Remeasurements of the net defined benefit liability (asset)
- Presentation
- Offset
- Current/non-current distinction
- Components of defined benefit cost
- Disclosure
- Characteristics of defined benefit plans and risks associated with them
- Explanation of amounts in the financial statements
- Amount, timing and uncertainty of future cash flows
- Multi-employer plans
- Defined benefit plans that share risks between entities under common control
- Disclosure requirements in other IFRSs
- OTHER LONG-TERM EMPLOYEE BENEFITS
- Recognition and measurement
- Disclosure
- TERMINATION BENEFITS
- Recognition
- Measurement
- Disclosure
- TRANSITION AND EFFECTIVE DATE
- Appendix A
- Application Guidance
- INTERNATIONAL ACCOUNTING STANDARD 20
- Accounting for Government Grants and Disclosure of Government Assistance
- (9)
- SCOPE
- DEFINITIONS
- GOVERNMENT GRANTS
- Non-monetary government grants
- Presentation of grants related to assets
- Presentation of grants related to income
- Repayment of government grants
- GOVERNMENT ASSISTANCE
- DISCLOSURE
- TRANSITIONAL PROVISIONS
- EFFECTIVE DATE
- INTERNATIONAL ACCOUNTING STANDARD 21
- The Effects of Changes in Foreign Exchange Rates
- OBJECTIVE
- SCOPE
- DEFINITIONS
- Elaboration on the definitions
- Functional currency
- Net investment in a foreign operation
- Monetary items
- SUMMARY OF THE APPROACH REQUIRED BY THIS STANDARD
- REPORTING FOREIGN CURRENCY TRANSACTIONS IN THE FUNCTIONAL CURRENCY
- Initial recognition
- Reporting at the ends of subsequent reporting periods
- Recognition of exchange differences
- Change in functional currency
- USE OF A PRESENTATION CURRENCY OTHER THAN THE FUNCTIONAL CURRENCY
- Translation to the presentation currency
- Translation of a foreign operation
- Disposal or partial disposal of a foreign operation
- TAX EFFECTS OF ALL EXCHANGE DIFFERENCES
- DISCLOSURE
- EFFECTIVE DATE AND TRANSITION
- WITHDRAWAL OF OTHER PRONOUNCEMENTS
- INTERNATIONAL ACCOUNTING STANDARD 23
- Borrowing Costs
- CORE PRINCIPLE
- SCOPE
- DEFINITIONS
- RECOGNITION
- Borrowing costs eligible for capitalisation
- Excess of the carrying amount of the qualifying asset over recoverable amount
- Commencement of capitalisation
- Suspension of capitalisation
- Cessation of capitalisation
- DISCLOSURE
- TRANSITIONAL PROVISIONS
- EFFECTIVE DATE
- WITHDRAWAL OF IAS 23 (REVISED 1993)
- INTERNATIONAL ACCOUNTING STANDARD 24
- Related Party Disclosures
- OBJECTIVE
- SCOPE
- PURPOSE OF RELATED PARTY DISCLOSURES
- DEFINITIONS
- DISCLOSURES
- All entities
- Government-related entities
- EFFECTIVE DATE AND TRANSITION
- WITHDRAWAL OF IAS 24 (2003)
- INTERNATIONAL ACCOUNTING STANDARD 26
- Accounting and Reporting by Retirement Benefit Plans
- SCOPE
- DEFINITIONS
- DEFINED CONTRIBUTION PLANS
- DEFINED BENEFIT PLANS
- Actuarial present value of promised retirement benefits
- Frequency of actuarial valuations
- Financial statement content
- ALL PLANS
- Valuation of plan assets
- Disclosure
- EFFECTIVE DATE
- INTERNATIONAL ACCOUNTING STANDARD 27
- Separate Financial Statements
- OBJECTIVE
- SCOPE
- DEFINITIONS
- PREPARATION OF SEPARATE FINANCIAL STATEMENTS
- DISCLOSURE
- EFFECTIVE DATE AND TRANSITION
- References to IFRS 9
- WITHDRAWAL OF IAS 27 (2008)
- INTERNATIONAL ACCOUNTING STANDARD 28
- Investments in Associates and Joint Ventures
- OBJECTIVE
- SCOPE
- DEFINITIONS
- SIGNIFICANT INFLUENCE
- EQUITY METHOD
- APPLICATION OF THE EQUITY METHOD
- Exemptions from applying the equity method
- Classification as held for sale
- Discontinuing the use of the equity method
- Changes in ownership interest
- Equity method procedures
- Impairment losses
- SEPARATE FINANCIAL STATEMENTS
- EFFECTIVE DATE AND TRANSITION
- References to IFRS 9
- WITHDRAWAL OF IAS 28 (2003)
- INTERNATIONAL ACCOUNTING STANDARD 29
- Financial Reporting in Hyperinflationary Economies
- (13)
- SCOPE
- THE RESTATEMENT OF FINANCIAL STATEMENTS
- Historical cost financial statements
- Statement of financial position
- Statement of comprehensive income
- Gain or loss on net monetary position
- Current cost financial statements
- Statement of financial position
- Statement of comprehensive income
- Gain or loss on net monetary position
- Taxes
- Statement of cash flows
- Corresponding figures
- Consolidated financial statements
- Selection and use of the general price index
- ECONOMIES CEASING TO BE HYPERINFLATIONARY
- DISCLOSURES
- EFFECTIVE DATE
- INTERNATIONAL ACCOUNTING STANDARD 32
- Financial Instruments: Presentation
- OBJECTIVE
- SCOPE
- DEFINITIONS (SEE ALSO PARAGRAPHS AG3-AG23)
- PRESENTATION
- Liabilities and equity (see also paragraphs AG13-AG14J and AG25–AG29A)
- Puttable instruments
- Instruments, or components of instruments, that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation
- Reclassification of puttable instruments and instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation
- No contractual obligation to deliver cash or another financial asset (paragraph 16(a))
- Settlement in the entity's own equity instruments (paragraph 16(b))
- Contingent settlement provisions
- Settlement options
- Compound financial instruments (see also paragraphs AG30-AG35 and Illustrative Examples 9-12)
- Treasury shares (see also paragraph AG36)
- Interest, dividends, losses and gains (see also paragraph AG37)
- Offsetting a financial asset and a financial liability (see also paragraphs AG38A–AG38F and AG39)
- EFFECTIVE DATE AND TRANSITION
- WITHDRAWAL OF OTHER PRONOUNCEMENTS
- Appendix
- APPLICATION GUIDANCE
- IAS 32 Financial Instruments: Presentation
- DEFINITIONS (PARAGRAPHS 11-14)
- Financial assets and financial liabilities
- Equity instruments
- The class of instruments that is subordinate to all other classes (paragraphs 16A(b) and 16C(b))
- Total expected cash flows attributable to the instrument over the life of the instrument (paragraph 16A(e))
- Transactions entered into by an instrument holder other than as owner of the entity (paragraphs 16A and 16C)
- No other financial instrument or contract with total cash flows that substantially fixes or restricts the residual return to the instrument holder (paragraphs 16B and 16D)
- Derivative financial instruments
- Contracts to buy or sell non-financial items (paragraphs 8-10)
- PRESENTATION
- Liabilities and equity (paragraphs 15-27)
- No contractual obligation to deliver cash or another financial asset (paragraphs 17-20)
- Settlement in the entity's own equity instruments (paragraphs 21-24)
- Contingent settlement provisions (paragraph 25)
- Treatment in consolidated financial statements
- Compound financial instruments (paragraphs 28-32)
- Treasury shares (paragraphs 33 and 34)
- Interest, dividends, losses and gains (paragraphs 35-41)
- Offsetting a financial asset and a financial liability (paragraphs 42-50)
- Criterion that an entity ‘currently has a legally enforceable right to set off the recognised amounts’ (paragraph 42(a))
- Criterion that an entity ‘intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously’ (paragraph 42(b))
- INTERNATIONAL ACCOUNTING STANDARD 33
- Earnings per Share
- OBJECTIVE
- SCOPE
- DEFINITIONS
- MEASUREMENT
- Basic earnings per share
- Earnings
- Shares
- Diluted earnings per share
- Earnings
- Shares
- Dilutive potential ordinary shares
- Options, warants and their equivalents
- Convertible instruments
- Contingently issuable shares
- Contracts that may be settled in ordinary shares or cash
- Purchased options
- Written put options
- RETROSPECTIVE ADJUSTMENTS
- PRESENTATION
- DISCLOSURE
- EFFECTIVE DATE
- WITHDRAWAL OF OTHER PRONOUNCEMENTS
- Appendix A
- APPLICATION GUIDANCE
- Profit or loss attributable to the parent entity
- Rights issues
- Control number
- Average market price of ordinary shares
- Options, warrants and their equivalents
- Written put options
- Instruments of subsidiaries, joint ventures or associates
- Participating equity instruments and two-class ordinary shares
- Partly paid shares
- INTERNATIONAL ACCOUNTING STANDARD 34
- Interim Financial Reporting
- OBJECTIVE
- SCOPE
- DEFINITIONS
- CONTENT OF AN INTERIM FINANCIAL REPORT
- Minimum components of an interim financial report
- Form and content of interim financial statements
- Significant events and transactions
- Other disclosures
- Disclosure of compliance with IFRSs
- Periods for which interim financial statements are required to be presented
- Materiality
- DISCLOSURE IN ANNUAL FINANCIAL STATEMENTS
- RECOGNITION AND MEASUREMENT
- Same accounting policies as annual
- Revenues received seasonally, cyclically, or occasionally
- Costs incurred unevenly during the financial year
- Applying the recognition and measurement principles
- Use of estimates
- RESTATEMENT OF PREVIOUSLY REPORTED INTERIM PERIODS
- EFFECTIVE DATE
- INTERNATIONAL ACCOUNTING STANDARD 36
- Impairment of Assets
- OBJECTIVE
- SCOPE
- For impairment of other financial assets, refer to IFRS 9.
- DEFINITIONS
- IDENTIFYING AN ASSET THAT MAY BE IMPAIRED
- MEASURING RECOVERABLE AMOUNT
- Measuring the recoverable amount of an intangible asset with an indefinite useful life
- Fair value less costs of disposal
- Value in use
- Basis for estimates of future cash flows
- Composition of estimates of future cash flows
- Foreign currency future cash flows
- Discount rate
- RECOGNISING AND MEASURING AN IMPAIRMENT LOSS
- CASH-GENERATING UNITS AND GOODWILL
- Identifying the cash-generating unit to which an asset belongs
- Recoverable amount and carrying amount of a cash-generating unit
- Goodwill
- Allocating goodwill to cash - generating units
- Testing cash - generating units with goodwill for impairmént
- Timing of impairment tests
- Corporate assets
- Impairment loss for a cash-generating unit
- REVERSING AN IMPAIRMENT LOSS
- Reversing an impairment loss for an individual asset
- Reversing an impairment loss for a cash-generating unit
- Reversing an impairment loss for goodwill
- DISCLOSURE
- TRANSITIONAL PROVISIONS AND EFFECTIVE DATE
- WITHDRAWAL OF IAS 36 (ISSUED 1998)
- Appendix A
- USING PRESENT VALUE TECHNIQUES TO MEASURE VALUE IN USE
- The components of a present value measurement
- General principles
- Traditional and expected cash flow approaches to present value
- Traditional approach
- Expected cash flow approach
- Discount rate
- Appendix C
- IMPAIRMENT TESTNG CASH-GENERATING UNITS WITH GOODWILL AND NON-CONTROLLING INTERESTS
- Allocation of goodwill
- Testing for impairment
- Allocating an impairment loss
- INTERNATIONAL ACCOUNTING STANDARD 37
- Provisions, Contingent Liabilities and Contingent Assets
- OBJECTIVE
- SCOPE
- DEFINITIONS
- Provisions and other liabilities
- Relationship between provisions and contingent liabilities
- RECOGNITION
- Provisions
- Present obligation
- Past event
- Probable outflow of resources embodying economic benefits
- Reliable estimate of the obligation
- Contingent liabilities
- Contingent assets
- MEASUREMENT
- Best estimate
- Risks and uncertainties
- Present value
- Future events
- Expected disposal of assets
- REIMBURSEMENTS
- CHANGES IN PROVISIONS
- USE OF PROVISIONS
- APPLICATION OF THE RECOGNITION AND MEASUREMENT RULES
- Future operating losses
- Onerous contracts
- Restructuring
- DISCLOSURE
- Comparative information is not required.
- TRANSITIONAL PROVISIONS
- EFFECTIVE DATE
- INTERNATIONAL ACCOUNTING STANDARD 38
- Intangible Assets
- OBJECTIVE
- SCOPE
- DEFINITIONS
- Intangible assets
- Identifiability
- Control
- Future economic benefits
- RECOGNITION AND MEASUREMENT
- Separate acquisition
- Acquisition as part of a business combination
- Intangible asset acquired in a business combination
- Subsequent expenditure on an acquired in-process research and development project
- Acquisition by way of a government grant
- Exchanges of assets
- Internally generated goodwill
- Internally generated intangible assets
- Research phase
- Development phase
- Cost of an internally generated intangible asset
- RECOGNITION OF AN EXPENSE
- Past expenses not to be recognised as an asset
- MEASUREMENT AFTER RECOGNITION
- Cost model
- Revaluation model
- USEFUL LIFE
- INTANGIBLE ASSETS WITH FINITE USEFUL LIVES
- Amortisation period and amortisation method
- Residual value
- Review of amortisation period and amortisation method
- INTANGIBLE ASSETS WITH INDEFINITE USEFUL LIVES
- Review of useful life assessment
- RECOVERABILITY OF THE CARRYING AMOUNT — IMPAIRMENT LOSSES
- RETIREMENTS AND DISPOSALS
- DISCLOSURE
- General
- Intangible assets measured after recognition using the revaluation model
- Research and development expenditure
- Other information
- TRANSITIONAL PROVISIONS AND EFFECTIVE DATE
- Exchanges of similar assets
- Early application
- WITHDRAWAL OF IAS 38 (ISSUED 1998)
- INTERNATIONAL ACCOUNTING STANDARD 39
- Financial Instruments: Recognition and Measurement
- SCOPE
- DEFINITIONS
- HEDGING
- Hedging instruments
- Qualifying instruments
- Designation of hedging instruments
- Hedged items
- Qualifying items
- Designation of financial items as hedged items
- Designation of non-financial items as hedged items
- Designation of groups of items as hedged items
- Hedge accounting
- Fair value hedges
- Cash flow hedges
- Hedges of a net investment
- Temporary exceptions from applying specific hedge accounting requirements
- Highly probable requirement for cash flow hedges
- Reclassifying the cumulative gain or loss recognised in other comprehensive income
- Effectiveness assessment
- Designating financial items as hedged items
- End of application
- Additional temporary exceptions arising from interest rate benchmark reform
- Hedge accounting
- Accounting for qualifying hedging relationships
- Retrospective effectiveness assessment
- Cash flow hedges
- Groups of items
- Designating financial items as hedged items
- EFFECTIVE DATE AND TRANSITION
- WITHDRAWAL OF OTHER PRONOUNCEMENTS
- Appendix A
- Application guidance
- HEDGING (paragraphs 71-102)
- Hedging instruments (paragraphs 72-77)
- Qualifying instruments (paragraphs 72 and 73)
- Hedged items (paragraphs 78-84)
- Qualifying items (paragraphs 78-80)
- Designation of financial items as hedged items (paragraphs 81 and 81A)
- Designation of non-financial items as hedged items (paragraph 82)
- Designation of groups of items as hedged items (paragraphs 83 and 84)
- Hedge accounting (paragraphs 85-102)
- Assessing hedge effectiveness
- Fair value hedge accounting for a portfolio hedge of interest rate risk
- TRANSITION (paragraphs 103–108C)
- INTERNATIONAL ACCOUNTING STANDARD 40
- Investment Property
- OBJECTIVE
- SCOPE
- DEFINITIONS
- CLASSIFICATION OF PROPERTY AS INVESTMENT PROPERTY OR OWNER-OCCUPIED PROPERTY
- RECOGNITION
- MEASUREMENT AT RECOGNITION
- MEASUREMENT AFTER RECOGNITION
- Accounting policy
- Fair value model
- Inability to measure fair value reliably
- Cost model
- TRANSFERS
- DISPOSALS
- DISCLOSURE
- Fair value model and cost model
- Fair value model
- Cost model
- TRANSITIONAL PROVISIONS
- Fair value model
- Cost model
- Business Combinations
- IFRS 16
- Transfers of Investment property
- EFFECTIVE DATE
- WITHDRAWAL OF IAS 40 (2000)
- INTERNATIONAL ACCOUNTING STANDARD 41
- Agriculture
- OBJECTIVE
- SCOPE
- DEFINITIONS
- Agriculture-related definitions
- General definitions
- RECOGNITION AND MEASUREMENT
- Gains and losses
- Inability to measure fair value reliably
- GOVERNMENT GRANTS
- DISCLOSURE
- General
- Additional disclosures for biological assets where fair value cannot be measured reliably
- Government grants
- EFFECTIVE DATE AND TRANSITION
- INTERNATIONAL FINANCIAL REPORTING STANDARD 1
- First-time Adoption of International Financial Reporting Standards
- OBJECTIVE
- SCOPE
- RECOGNITION AND MEASUREMENT
- Opening IFRS statement of financial position
- Accounting policies
- Exceptions to the retrospective application of other IFRSs
- Estimates
- Exemptions from other IFRSs
- PRESENTATION AND DISCLOSURE
- Comparative information
- Non-IFRS comparative information and historical summaries
- Explanation of transition to IFRSs
- Reconciliations
- Designation of financial assets or financial liabilities
- Use of fair value as deemed cost
- Use of deemed cost for investments in subsidiaries, joint ventures and associates
- Use of deemed cost for oil and gas assets
- Use of deemed cost for operations subject to rate regulation
- Use of deemed cost after severe hyperinflation
- Interim financial reports
- EFFECTIVE DATE
- WITHDRAWAL OF IFRS 1 (ISSUED 2003)
- Appendix A
- Defined terms
- Appendix B
- Exceptions to the retrospective application of other IFRSs
- Derecognition of financial assets and financial liabilities
- Hedge accounting
- Non-controlling interests
- Classification and measurement of financial instruments
- Impairment of financial assets
- Embedded derivatives
- Government loans
- Insurance contracts
- Deferred tax related to leases and decommissioning, restoration and similar liabilities
- Appendix C
- Exemptions for business combinations
- Appendix D
- Exemptions from other IFRSs
- Share-based payment transactions
- Deemed cost
- Leases
- Cumulative translation differences
- Investments in subsidiaries, joint ventures and associates
- Assets and liabilities of subsidiaries, associates and joint ventures
- Compound financial instruments
- Designation of previously recognised financial instruments
- Fair value measurement of financial assets or financial liabilities at initial recognition
- Decommissioning liabilities included in the cost of property, plant and equipment
- Financial assets or intangible assets accounted for in accordance with IFRIC 12
- Borrowing costs
- Extinguishing financial liabilities with equity instruments
- Severe hyperinflation
- Joint arrangements
- Stripping costs in the production phase of a surface mine
- Designation of contracts to buy or sell a non-financial item
- Revenue
- Foreign Currency Transactions and Advance Consideration
- Appendix E
- Short-term exemptions from IFRSs
- Exemption from the requirement to restate comparative information for IFRS 9
- Uncertainty over income tax treatments
- INTERNATIONAL FINANCIAL REPORTING STANDARD 2
- Share-based Payment
- OBJECTIVE
- SCOPE
- RECOGNITION
- EQUITY-SETTLED SHARE-BASED PAYMENT TRANSACTIONS
- Overview
- Transactions in which services are received
- Transactions measured by reference to the fair value of the equity instruments granted
- Determining the fair value of equity instruments granted
- Treatment of vesting conditions
- Treatment of non-vesting conditions
- Treatment of a reload feature
- After vesting date
- If the fair value of the equity instruments cannot be estimated reliably
- Modifications to the terms and conditions on which equity instruments were granted, including cancellations and settlements
- CASH-SETTLED SHARE-BASED PAYMENT TRANSACTIONS
- Treatment of vesting and non-vesting conditions
- SHARE-BASED PAYMENT TRANSACTIONS WITH A NET SETTLEMENT FEATURE FOR WITHHOLDING TAX OBLIGATIONS
- SHARE-BASED PAYMENT TRANSACTIONS WITH CASH ALTERNATIVES
- Share-based payment transactions in which the terms of the arrangement provide the counterparty with a choice of settlement
- Share-based payment transactions in which the terms of the arrangement provide the entity with a choice of settlement
- SHARE-BASED PAYMENT TRANSACTIONS AMONG GROUP ENTITIES (2009 AMENDMENTS)
- DISCLOSURES
- TRANSITIONAL PROVISIONS
- EFFECTIVE DATE
- WITHDRAWAL OF INTERPRETATIONS
- Appendix A
- Defined terms
- Appendix B
- Application Guidance
- Estimating the fair value of equity instruments granted
- Shares
- Share options
- Inputs to option pricing models
- Expected early exercise
- Expected volatility
- Newly listed entities
- Unlisted entities
- Expected dividends
- Risk-free interest rate
- Capital structure effects
- Modifications to equity-settled share-based payment arrangements
- Accounting for a modification of a share-based payment transaction that changes its classification from cash-settled to equity-settled
- Share-based payment transactions among group entities (2009 amendments)
- Share-based payment arrangements involving an entity’s own equity instruments
- Share-based payment arrangements involving equity instruments of the parent
- Aparent grantsrights to its equity instruments to the employees of its subsidiary (paragraph B52 (a))
- A subsidiary grants rights to equity instruments of its parent to its employees (paragraph B52 (b))
- Share-based payment arrangements involving cash-settled payments to employees
- Transfer of employees between group entities
- INTERNATIONAL FINANCIAL REPORTING STANDARD 3
- Business Combinations
- OBJECTIVE
- SCOPE
- IDENTIFYING A BUSINESS COMBINATION
- THE ACQUISITION METHOD
- Identifying the acquirer
- Determining the acquisition date
- Recognising and measuring the identifiable assets acquired, the liabilities assumed and any non-controlling interest in the acquiree
- Recognition principle
- Recognition conditions
- Classifying or designating identifiable assets acquired and liabilities assumed in a business combination
- Measurement principle
- Exceptions to the recognition or measurement principles
- Exceptions to the recognition principle
- Liabilities and contingent
- liabilities within the scope of IAS 37 or IFRIC 21
- Contingent liabilities and contingent assets
- Exceptions to both the recognition and measurement principles
- Income taxes
- Employee benefits
- Indemnification assets
- Leases in which the acquiree is the lessee
- Exceptions to the measurement principle
- Reacquired rights
- Share–based payment transactions
- Assets held for sale
- Insurance contracts
- Recognising and measuring goodwill or a gain from a bargain purchase
- Bargain purchases
- Consideration transferred
- Contingent consideration
- Additional guidance for applying the acquisition method to particular types of business combinations
- A business combination achieved in stages
- A business combination achieved without the transfer of consideration
- Measurement period
- Determining what is part of the business combination transaction
- Acquisition-related costs
- SUBSEQUENT MEASUREMENT AND ACCOUNTING
- Reacquired rights
- Contingent liabilities
- Indemnification assets
- Contingent consideration
- DISCLOSURES
- EFFECTIVE DATE AND TRANSITION
- Effective date
- Transition
- Income taxes
- REFERENCE TO IFRS 9
- WITHDRAWAL OF IFRS 3 (2004)
- Appendix A
- Defined terms
- Appendix B
- Application guidance
- BUSINESS COMBINATIONS OF ENTITIES UNDER COMMON CONTROL (APPLICATION OF PARAGRAPH 2(c))
- IDENTIFYING A BUSINESS COMBINATION (APPLICATION OF PARAGRAPH 3)
- DEFINITION OF A BUSINESS (APPLICATION OF PARAGRAPH 3)
- Optional test to identify concentration of fair value
- Elements of a business
- Assessing whether an acquired process is substantive
- IDENTIFYING THE ACQUIRER (APPLICATION OF PARAGRAPHS 6 AND 7)
- REVERSE ACQUISITIONS
- Measuring the consideration transferred
- Preparation and presentation of consolidated financial statements
- Non-controlling interest
- Earnings per share
- RECOGNISING PARTICULAR ASSETS ACQUIRED AND LIABILITIES ASSUMED (APPLICATION OF PARAGRAPHS 10–13)
- Intangible assets
- Reacquired rights
- Assembled workforce and other items that are not identifiable
- MEASURING THE FAIR VALUE OF PARTICULAR IDENTIFIABLE ASSETS AND A NON-CONTROLLING INTEREST IN AN ACQUIREE (APPLICATION OF PARAGRAPHS 18 AND 19)
- Assets with uncertain cash flows (valuation allowances)
- Assets subject to operating leases in which the acquiree is the lessor
- Assets that the acquirer intends not to use or to use in a way that is different from the way other market participants would use them
- Non-controlling interest in an acquiree
- MEASURING GOODWILL OR A GAIN FROM A BARGAIN PURCHASE
- Measuring the acquisition-date fair value of the acquirer’s interest in the acquiree using valuation techniques (application of paragraph 33)
- Special considerations in applying the acquisition method to combinations of mutual entities (application of paragraph 33)
- DETERMINING WHAT IS PART OF THE BUSINESS COMBINATION TRANSACTION (APPLICATION OF PARAGRAPHS 51 AND 52)
- Effective settlement of a pre-existing relationship between the acquirer and acquiree in a business combination (application of paragraph 52(a))
- Arrangements for contingent payments to employees or selling shareholders (application of paragraph 52(b))
- Acquirer share-based payment awards exchanged for awards held by the acquiree’s employees (application of paragraph 52(b))
- Equity-settled share-based payment transactions of the acquiree
- OTHER IFRSS THAT PROVIDE GUIDANCE ON SUBSEQUENT MEASUREMENT AND ACCOUNTING (APPLICATION OF PARAGRAPH 54)
- DISCLOSURES (APPLICATION OF PARAGRAPHS 59 AND 61)
- TRANSITIONAL PROVISIONS FOR BUSINESS COMBINATIONS INVOLVING ONLY MUTUAL ENTITIES OR BY CONTRACT ALONE (APPLICATION OF PARAGRAPH 66)
- INTERNATIONAL FINANCIAL REPORTING STANDARD 5
- Non-current Assets Held for Sale and Discontinued Operations
- OBJECTIVE
- SCOPE
- CLASSIFICATION OF NON-CURRENT ASSETS (OR DISPOSAL GROUPS) AS HELD FOR SALE OR AS HELD FOR DISTRIBUTION TO OWNERS
- Non-current assets that are to be abandoned
- MEASUREMENT OF NON-CURRENT ASSETS (OR DISPOSAL GROUPS) CLASSIFIED AS HELD FOR SALE
- Measurement of a non-current asset (or disposal group)
- Recognition of impairment losses and reversals
- Changes to a plan of sale or to a plan of distribution to owners
- PRESENTATION AND DISCLOSURE
- Presenting discontinued operations
- Gains or losses relating to continuing operations
- Presentation of a non-current asset or disposal group classified as held for sale
- Additional disclosures
- TRANSITIONAL PROVISIONS
- EFFECTIVE DATE
- WITHDRAWAL OF IAS 35
- Appendix A
- Defined terms
- Appendix B
- Application supplement
- EXTENSION OF THE PERIOD REQUIRED TO COMPLETE A SALE
- INTERNATIONAL FINANCIAL REPORTING STANDARD 6
- Exploration for and Evaluation of Mineral Resources
- OBJECTIVE
- SCOPE
- RECOGNITION OF EXPLORATION AND EVALUATION ASSETS
- Temporary exemption from IAS 8 paragraphs 11 and 12
- MEASUREMENT OF EXPLORATION AND EVALUATION ASSETS
- Measurement at recognition
- Elements of cost of exploration and evaluation assets
- Measurement after recognition
- Changes in accounting policies
- PRESENTATION
- Classification of exploration and evaluation assets
- Reclassification of exploration and evaluation assets
- IMPAIRMENT
- Recognition and measurement
- Specifying the level at which exploration and evaluation assets are assessed for impairment
- DISCLOSURE
- EFFECTIVE DATE
- TRANSITIONAL PROVISIONS
- Appendix A
- Defined terms
- INTERNATIONAL FINANCIAL REPORTING STANDARD 7
- Financial Instruments: Disclosures
- OBJECTIVE
- SCOPE
- CLASSES OF FINANCIAL INSTRUMENTS AND LEVEL OF DISCLOSURE
- SIGNIFICANCE OF FINANCIAL INSTRUMENTS FOR FINANCIAL POSITION AND PERFORMANCE
- Statement of financial position
- Categories of financial assets and financial liabilities
- Financial assets or financial liabilities at fair value through profit or loss
- Investments in equity instruments designated at fair value through other comprehensive income
- Reclassification
- Offsetting financial assets and financial liabilities
- Collateral
- Allowance account for credit losses
- Compound financial instruments with multiple embedded derivatives
- Defaults and breaches
- Statement of comprehensive income
- Items of income, expense, gains or losses
- Other disclosures
- Accounting policies
- Hedge accounting
- The risk management strategy
- The amount, timing and uncertainty of future cash flows
- The effects of hedge accounting on financial position and performance
- Option to designate a credit exposure as measured at fair value through profit or loss
- Uncertainty arising from interest rate benchark reform
- Additional disclosures related to interest rate benchmark reform
- Fair value
- NATURE AND EXTENT OF RISKS ARISING FROM FINANCIAL INSTRUMENTS
- Qualitative disclosures
- Quantitative disclosures
- Credit risk
- Scope and objectives
- The credit risk management practices
- Quantitative and qualitative Information about amounts arising from expected credit losses
- Credit risk exposure
- Collateral and other credit enhancements obtained
- Liquidity risk
- Market risk
- Sensitivity analysis
- Other market risk disciosures
- TRANSFERS OF FINANCIAL ASSETS
- Transferred financial assets that are not derecognised in their entirety
- Transferred financial assets that are derecognised in their entirety
- Supplementary information
- INITIAL APPLICATION OF IFRS 9
- EFFECTIVE DATE AND TRANSITION
- WITHDRAWAL OF IAS 30
- Appendix A
- Defined terms
- Appendix B
- Application Guidance
- CLASSES OF FINANCIAL INSTRUMENTS AND LEVEL OF DISCLOSURE (PARAGRAPH 6)
- Other disclosure — accounting policies (paragraph 21)
- NATURE AND EXTENT OF RISKS ARISING FROM FINANCIAL INSTRUMENTS (PARAGRAPHS 31-42)
- Quantitative disclosures (paragraph 34)
- Credit risk management practices (paragraphs 35F–35G)
- Changes in the loss allowance (paragraph 35H)
- Collateral (paragraph 35K)
- Credit risk exposure (paragraphs 35M–35N)
- Maximum credit risk exposure (paragraph 36(a))
- Quantitative liquidity risk disclosures (paragraphs 34(a) and 39(a) and (b))
- Market risk — sensitivity analysis (paragraphs 40 and 41)
- Interest rate risk
- Currency risk
- Other price risk
- DERECOGNITION (PARAGRAPHS 42C–42H)
- Continuing involvement (paragraph 42C)
- Transferred financial assets that are not derecognised in their entirety (paragraph 42D)
- Types of continuing involvement (paragraphs 42E–42H)
- Maturity analysis for undiscounted cash outflows to repurchase transferred assets (paragraph 42E(e))
- Qualitative information (paragraph 42E(f))
- Gain or loss on derecognition (paragraph 42G(a))
- Supplementary information (paragraph 42H)
- Offsetting financial assets and financial liabilities (paragraphs 13A–13F)
- Scope (paragraph 13A)
- Disclosure of quantitative information for recognised financial assets and recognised financial liabilities within the scope of paragraph 13A (paragraph 13C)
- Disclosure of the gross amounts of recognised financial assets and recognised financial liabilities within the scope of paragraph 13A (paragraph 13C(a))
- Disclosure of the amounts that are set off in accordance with the criteria in paragraph 42 of IAS 32 (paragraph 13C(b))
- Disclosure of the net amounts presented in the statement of financial position (paragraph 13C(c))
- Disclosure of the amounts subject to an enforceable master netting arrangement or similar agreement that are not otherwise included in paragraph 13C(b) (paragraph 13C(d))
- Limits on the amounts disclosed in paragraph 13C(d) (paragraph 13D)
- Description of the rights of set-off subject to enforceable master netting arrangements and similar agreements (paragraph 13E)
- Disclosure by type of financial instrument or by counterparty
- Other
- INTERNATIONAL FINANCIAL REPORTING STANDARD 8
- Operating Segments
- CORE PRINCIPLE
- SCOPE
- OPERATING SEGMENTS
- REPORTABLE SEGMENTS
- Aggregation criteria
- Quantitative thresholds
- DISCLOSURE
- General information
- Information about profit or loss, assets and liabilities
- MEASUREMENT
- Reconciliations
- Restatement of previously reported information
- ENTITY-WIDE DISCLOSURES
- Information about products and services
- Information about geographical areas
- Information about major customers
- TRANSITION AND EFFECTIVE DATE
- WITHDRAWAL OF IAS 14
- Appendix A
- Defined term
- INTERNATIONAL FINANCIAL REPORTING STANDARD 9
- Financial Instruments
- CHAPTER 1
- Objective
- CHAPTER 2
- Scope
- CHAPTER 3
- Recognition and derecognition
- 3.1 INITIAL RECOGNITION
- Regular way purchase or sale of financial assets
- 3.2 DERECOGNITION OF FINANCIAL ASSETS
- Transfers that qualify for derecognition
- Transfers that do not qualify for derecognition
- Continuing involvement in transferred assets
- All transfers
- 3.3 DERECOGNITION OF FINANCIAL LIABILITIES
- CHAPTER 4
- Classification
- 4.1 CLASSIFICATION OF FINANCIAL ASSETS
- Option to designate a financial asset at fair value through profit or loss
- 4.2 CLASSIFICATION OF FINANCIAL LIABILITIES
- Option to designate a financial liability at fair value through profit or loss
- 4.3 EMBEDDED DERIVATIVES
- Hybrid contracts with financial asset hosts
- Other hybrid contracts
- 4.4 RECLASSIFICATION
- CHAPTER 5
- Measurement
- 5.1 INITIAL MEASUREMENT
- 5.2 SUBSEQUENT MEASUREMENT OF FINANCIAL ASSETS
- 5.3 SUBSEQUENT MEASUREMENT OF FINANCIAL LIABILITIES
- 5.4 AMORTISED COST MEASUREMENT
- Financial assets
- Effective interest method
- Modification of contractual cash flows
- Write-off
- 5.5 IMPAIRMENT
- Recognition of expected credit losses
- General approach
- Determining significant increases in credit risk
- Modified financial assets
- Purchased or originated credit-impaired financial assets
- Simplified approach for trade receivables, contract assets and lease receivables
- Measurement of expected credit losses
- 5.6 RECLASSIFICATION OF FINANCIAL ASSETS
- 5.7 GAINS AND LOSSES
- Investments in equity instruments
- Liabilities designated as at fair value through profit or loss
- Assets measured at fair value through other comprehensive income
- CHAPTER 6
- Hedge accounting
- 6.1 OBJECTIVE AND SCOPE OF HEDGE ACCOUNTING
- 6.2 HEDGING INSTRUMENTS
- Qualifying instruments
- Designation of hedging instruments
- 6.3 HEDGED ITEMS
- Qualifying items
- Designation of hedged items
- 6.4 QUALIFYING CRITERIA FOR HEDGE ACCOUNTING
- 6.5 ACCOUNTING FOR QUALIFYING HEDGING RELATIONSHIPS
- Fair value hedges
- Cash flow hedges
- Hedges of a net investment in a foreign operation
- Accounting for the time value of options
- Accounting for the forward element of forward contracts and foreign currency basis spreads of financial instruments
- 6.6 HEDGES OF A GROUP OF ITEMS
- Eligibility of a group of items as the hedged item
- Designation of a component of a nominal amount
- Presentation
- Nil net positions
- 6.7 OPTION TO DESIGNATE A CREDIT EXPOSURE AS MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS
- Eligibility of credit exposures for designation at fair value through profit or loss
- Accounting for credit exposures designated at fair value through profit or loss
- 6.8 TEMPORARY EXCEPTIONS FROM APPLYING SPECIFIC HEDGE ACCOUNTING REQUIREMENTS
- Highly probable requirement for cash flow hedges
- Reclassifying the amount accumulated in the cash flow hedge reserve
- Assessing the economic relationship between the hedged item and the hedging instrument
- Designating a component of an item as a hedged item
- End of application
- 6.9 ADDITIONAL TEMPORARY EXCEPTIONS ARISING FROM INTEREST RATE BENCHMARK REFORM
- Accounting for qualifying hedging relationships
- Cash flow hedges
- Groups of items
- Designation of risk components
- CHAPTER 7
- Effective date and transition
- 7.1 EFFECTIVE DATE
- 7.2 TRANSITION
- Transition for classification and measurement (Chapters 4 and 5)
- Impairment (Section 5.5)
- Transition for hedge accounting (Chapter 6)
- Entities that have applied IFRS 9 (2009), IFRS 9 (2010) or IFRS 9 (2013) early
- Transition for Prepayment Features with Negative Compensation
- Transition for Annual Improvements to IFRS Standards
- Transition for IFRS 17 as amended in June 2020
- Transition for Interest Rate Benchmark Reform – Phase 2
- 7.3 WITHDRAWAL OF IFRIC 9, IFRS 9 (2009), IFRS 9 (2010) AND IFRS 9 (2013)
- Appendix A
- Defined terms
- Appendix B
- Application guidance
- SCOPE (CHAPTER 2)
- RECOGNITION AND DERECOGNITION (CHAPTER 3)
- Initial recognition (Section 3.1)
- Regular way purchase or sale of financial assets
- Derecognition of financial assets (Section 3.2)
- Arrangements under which an entity retains the contractual rights to receive the cash flows of a financial asset, but assumes a contractual obligation to pay the cash flows to one or more recipients (paragraph 3.2.4(b))
- Evaluation of the transfer of risks and rewards of ownership (paragraph 3.2.6)
- Evaluation of the transfer of control
- Transfers that qualify for derecognition
- Transfers that do not qualify for derecognition
- Continuing involvement in transferred assets
- All assets
- Assets measured at amortised cost
- Assets measured at fair value
- All transfers
- Examples
- Derecognition of financial liabilities (Section 3.3)
- CLASSIFICATION (CHAPTER 4)
- Classification of financial assets (Section 4.1)
- The entity's business model for managing financial assets
- Abusiness model whose objective is to hold assets in order to collect contractual cash flows
- Abusiness model whose objective is achieved by both collecting contractual cash flows and selling financial assets
- Other business models
- Contractual cash flows that are solely payments of principal and interest on the principal amount outstanding
- Consideration for the time value of money
- Contractual terms that change the timing or amount of contractual cash flows
- Contractually linked instruments
- Option to designate a financial asset or financial liability as at fair value through profit or loss (Sections 4.1 and 4.2)
- Designation eliminates or significantly reduces an accounting mismatch
- A group of financial liabilities or financial assets and financial liabilities is managed and its performance is evaluated on a fair value basis
- Embedded derivatives (Section 4.3)
- Instruments containing embedded derivatives
- Reassessment of embedded derivatives
- Reclassification of financial assets (Section 4.4)
- Reclassification of financial assets
- MEASUREMENT (CHAPTER 5)
- Initial measurement (Section 5.1)
- Subsequent measurement (Sections 5.2 and 5.3)
- Investments in equity instruments and contracts on those investments
- Amortised cost measurement (Section 5.4)
- Effective interest method
- Transaction costs
- Write-off
- Impairment (Section 5.5)
- Collective and individual assessment basis
- Timing of recognising lifetime expected credit losses
- Determining whether credit risk has increased significantly since initial recognition
- More than 30 days past due rebuttable presumption
- Financial instruments that have low credit risk at the reporting date
- Modifications
- Measurement of expected credit losses
- Expected credit losses
- Definition of default
- Period over which to estimate expected credit losses
- Probability-weighted outcome
- Time value of money
- Reasonable and supportable information
- Collateral
- Reclassification of financial assets (Section 5.6)
- Gains and losses (Section 5.7)
- Liabilities designated as at fair value through profit or loss
- The meaning of ‘credit risk’ (paragraphs 5.7.7 and 5.7.8)
- Determining the effects of changes in credit risk
- HEDGE ACCOUNTING (CHAPTER 6)
- Hedging instruments (Section 6.2)
- Qualifying instruments
- Written options
- Designation of hedging instruments
- Hedged items (Section 6.3)
- Qualifying items
- Designation of hedged items
- Risk components
- Components of a nominal amount
- Relationship between components and the total cash flows of an item
- Qualifying criteria for hedge accounting (Section 6.4)
- Hedge effectiveness
- Economic relationship between the hedged item and the hedging instrument
- The effect of credit risk
- Hedge ratio
- Frequency of assessing whether the hedge effectiveness requirements are met
- Methods for assessing whether the hedge effectiveness requirements are met
- Accounting for qualifying hedging relationships (Section 6.5)
- Measurement of hedge ineffectiveness
- Rebalancing the hedging relationship and changes to the hedge ratio
- Discontinuation of hedge accounting
- Accounting for the time value of options
- Accounting for the forward element of forward contracts and foreign currency basis spreads of financial instruments
- Hedge of a group of items (Section 6.6)
- Hedge of a net position
- Eligibility for hedge accounting and designation of a net position
- Application of the hedge effectiveness requirements to a hedge of a net p o s i t i on
- Cash flow hedges that constitute a net position
- Layers of groups of items designated as the hedged item
- Presentation of hedging instrument gains or losses
- EFFECTIVE DATE AND TRANSITION (CHAPTER 7)
- Transition (Section 7.2)
- Financial assets held for trading
- Impairment
- DEFINITIONS (APPENDIX A)
- Derivatives
- Financial assets and liabilities held for trading
- INTERNATIONAL FINANCIAL REPORTING STANDARD 10
- Consolidated Financial Statements
- OBJECTIVE
- Meeting the objective
- SCOPE
- CONTROL
- Power
- Returns
- Link between power and returns
- ACCOUNTING REQUIREMENTS
- Non-controlling interests
- Loss of control
- DETERMINING WHETHER AN ENTITY IS AN INVESTMENT ENTITY
- Paragraphs B85A–B85M provide related application guidance.
- INVESTMENT ENTITIES: EXCEPTION TO CONSOLIDATION
- Appendix A
- Defined terms
- Appendix B
- Application guidance
- ASSESSING CONTROL
- Purpose and design of an investee
- Power
- Relevant activities and direction of relevant activities
- Rights that give an investor power over an investee
- Substantive rights
- Protective rights
- Franchises
- Voting rights
- Power with a majority of the voting rights
- Majority of the voting rights but no power
- Power without a majority of the voting rights
- Contractual arrangement with other vote holders
- Rights from other contractual arrangements
- The investor’s voting rights
- Potential voting rights
- Power when voting or similar rights do not have a significant effect on the investee’s returns
- Exposure, or rights, to variable returns from an investee
- Link between power and returns
- Delegated power
- The scope of the decision-making authority
- Rights held by other parties
- Remuneration
- Exposure to variability of returns from other interests
- Relationship with other parties
- Control of specified assets
- Continuous assessment
- DETERMINING WHETHER AN ENTITY IS AN INVESTMENT ENTITY
- Business purpose
- Exit strategies
- Earnings from investments
- Fair value measurement
- Typical characteristics of an investment entity
- More than one investment
- More than one investor
- Unrelated investors
- Ownership interests
- ACCOUNTING REQUIREMENTS
- Consolidation procedures
- Uniform accounting policies
- Measurement
- Potential voting rights
- Reporting date
- Non-controlling interests
- Changes in the proportion held by non-controlling interests
- Loss of control
- ACCOUNTING FOR A CHANGE IN INVESTMENT ENTITY STATUS
- Appendix C
- Effective date and transition
- EFFECTIVE DATE
- TRANSITION
- References to the ‘immediately preceding period’
- References to IFRS 9
- WITHDRAWAL OF OTHER IFRSs
- INTERNATIONAL FINANCIAL REPORTING STANDARD 11
- Joint Arrangements
- OBJECTIVE
- Meeting the objective
- SCOPE
- JOINT ARRANGEMENTS
- Joint control
- Types of joint arrangement
- FINANCIAL STATEMENTS OF PARTIES TO A JOINT ARRANGEMENT
- Joint operations
- Joint ventures
- SEPARATE FINANCIAL STATEMENTS
- Appendix A
- Defined terms
- Appendix B
- Application guidance
- JOINT ARRANGEMENTS
- Contractual arrangement (paragraph 5)
- Joint control (paragraphs 7–13)
- Assessing joint control
- TYPES OF JOINT ARRANGEMENT (PARAGRAPHS 14–19)
- Classification of a joint arrangement
- Structure of the joint arrangement
- Joint arrangements not structured through a separate vehicle
- Joint arrangements structured through a separate vehicle
- Classification of a joint arrangement: assessment of the parties’ rights and obligations arising from the arrangement
- The legal form of the separate vehicle
- Assessing the terms of the contractual arrangement
- Assessing other facts and circumstances
- Classification of a joint arrangement structured through a separate vehicle
- FINANCIAL STATEMENTS OF PARTIES TO A JOINT ARRANGEMENT (PARAGRAPHS 21A–22)
- Accounting for acquisitions of interests in joint operations
- Accounting for sales or contributions of assets to a joint operation
- Accounting for purchases of assets from a joint operation
- Appendix C
- Effective date, transition and withdrawal of other IFRSs
- EFFECTIVE DATE
- Transition
- Joint ventures—transition from proportionate consolidation to the equity method
- Joint operations—transition from the equity method to accounting for assets and liabilities
- Transition provisions in an entity’s separate financial statements
- References to the ‘immediately preceding period’
- References to IFRS 9
- Accounting for acquisitions of interests in joint operations
- WITHDRAWAL OF OTHER IFRSS
- INTERNATIONAL FINANCIAL REPORTING STANDARD 12
- Disclosure of Interests in Other Entities
- OBJECTIVE
- Meeting the objective
- SCOPE
- SIGNIFICANT JUDGEMENTS AND ASSUMPTIONS
- Investment entity status
- INTERESTS IN SUBSIDIARIES
- The interest that non-controlling interests have in the group’s activities and cash flows
- The nature and extent of significant restrictions
- Nature of the risks associated with an entity’s interests in consolidated structured entities
- Consequences of changes in a parent’s ownership interest in a subsidiary that do not result in a loss of control
- Consequences of losing control of a subsidiary during the reporting period
- INTERESTS IN UNCONSOLIDATED SUBSIDIARIES (INVESTMENT ENTITIES)
- INTERESTS IN JOINT ARRANGEMENTS AND ASSOCIATES
- Nature, extent and financial effects of an entity’s interests in joint arrangements and associates
- Risks associated with an entity’s interests in joint ventures and associates
- INTERESTS IN UNCONSOLIDATED STRUCTURED ENTITIES
- Nature of interests
- Nature of risks
- Appendix A
- Defined terms
- Appendix B
- Application guidance
- AGGREGATION (PARAGRAPH 4)
- INTERESTS IN OTHER ENTITIES
- SUMMARISED FINANCIAL INFORMATION FOR SUBSIDIARIES, JOINT VENTURES AND ASSOCIATES (PARAGRAPHS 12 AND 21)
- COMMITMENTS FOR JOINT VENTURES (PARAGRAPH 23(a))
- INTERESTS IN UNCONSOLIDATED STRUCTURED ENTITIES (PARAGRAPHS 24–31)
- Structured entities
- Nature of risks from interests in unconsolidated structured entities (paragraphs 29–31)
- Appendix C
- Effective date and transition
- EFFECTIVE DATE AND TRANSITION
- REFERENCES TO IFRS 9
- INTERNATIONAL FINANCIAL REPORTING STANDARD 13
- Fair Value Measurement
- OBJECTIVE
- SCOPE
- MEASUREMENT
- Definition of fair value
- The asset or liability
- The transaction
- Market participants
- The price
- Application to non-financial assets
- Highest and best use for non-financial assets
- Valuation premise for non-financial assets
- Application to liabilities and an entity’s own equity instruments
- General principles
- Liabilities and equity instruments held by other parties as assets
- Liabilities and equity instruments not held by other parties as assets
- Non-performance risk
- Restriction preventing the transfer of a liability or an entity’s own equity instrument
- Financial liability with a demand feature
- Application to financial assets and financial liabilities with offsetting positions in market risks or counterparty credit risk
- Exposure to market risks
- Exposure to the credit risk of a particular counterparty
- Fair value at initial recognition
- Valuation techniques
- Inputs to valuation techniques
- General principles
- Inputs based on bid and ask prices
- Fair value hierarchy
- Level 1 inputs
- Level 2 inputs
- Level 3 inputs
- DISCLOSURE
- Appendix A
- Defined terms
- Appendix B
- Application guidance
- THE FAIR VALUE MEASUREMENT APPROACH
- VALUATION PREMISE FOR NON-FINANCIAL ASSETS (PARAGRAPHS 31–33)
- FAIR VALUE AT INITIAL RECOGNITION (PARAGRAPHS 57–60)
- VALUATION TECHNIQUES (PARAGRAPHS 61–66)
- Market approach
- Cost approach
- Income approach
- Present value techniques
- The components of a present value measurement
- General principles
- Risk and uncertainty
- Discount rate adjustment technique
- Expected present value technique
- APPLYING PRESENT VALUE TECHNIQUES TO LIABILITIES AND AN ENTITY’S OWN EQUITY INSTRUMENTS NOT HELD BY OTHER PARTIES AS ASSETS (PARAGRAPHS 40 AND 41)
- INPUTS TO VALUATION TECHNIQUES (PARAGRAPHS 67–71)
- FAIR VALUE HIERARCHY (PARAGRAPHS 72–90)
- Level 2 inputs (paragraphs 81–85)
- Level 3 inputs (paragraphs 86–90)
- MEASURING FAIR VALUE WHEN THE VOLUME OR LEVEL OF ACTIVITY FOR AN ASSET OR A LIABILITY HAS SIGNIFICANTLY DECREASED
- Identifying transactions that are not orderly
- Using quoted prices provided by third parties
- Appendix C
- Effective date and transition
- INTERNATIONAL FINANCIAL REPORTING STANDARD 15
- Revenue from Contracts with Customers
- OBJECTIVE
- Meeting the objective
- SCOPE
- RECOGNITION
- Identifying the contract
- Combination of contracts
- Contract modifications
- Identifying performance obligations
- Promises in contracts with customers
- Distinct goods or services
- Satisfaction of performance obligations
- Performance obligations satisfied over time
- Performance obligations satisfied at a point in time
- Measuring progress towards complete satisfaction of a performance obligation
- Methods for measuring progress
- Reasonable measures of progress
- MEASUREMENT
- Determining the transaction price
- Variable consideration
- Refund liabilities
- Constraining estimates of variable consideration
- Reassessment of variable consideration
- The existence of a significant financing component in the contract
- Non-cash consideration
- Consideration payable to a customer
- Allocating the transaction price to performance obligations
- Allocation based on stand-alone selling prices
- Allocation of a discount
- Allocation of variable consideration
- Changes in the transaction price
- CONTRACT COSTS
- Incremental costs of obtaining a contract
- Costs to fulfil a contract
- Amortisation and impairment
- PRESENTATION
- DISCLOSURE
- Contracts with customers
- Disaggregation of revenue
- Contract balances
- Performance obligations
- Transaction price allocated to the remaining performance obligations
- Significant judgements in the application of this Standard
- Determining the timing of satisfaction of performance obligations
- Determining the transaction price and the amounts allocated to performance obligations
- Assets recognised from the costs to obtain or fulfil a contract with a customer
- Practical expedients
- Appendix A
- Defined terms
- Appendix B
- Application Guidance
- Performance obligations satisfied over time
- Simultaneous receipt and consumption of the benefits of the entity's performance (paragraph 35(a))
- Customer controls the asset as it is created or enhanced (paragraph 35(b))
- Entity's performance does not create an asset with an alternative use (paragraph 35(c))
- Right to payment for performance completed to date (paragraph 35(c))
- Methods for measuring progress towards complete satisfaction of a performance obligation
- Output methods
- Input methods
- Sale with a right of return
- Warranties
- Principal versus agent considerations
- Customer options for additional goods or services
- Customers' unexercised rights
- Non-refundable upfront fees (and some related costs)
- Licensing
- Determining the nature of the entity's promise
- Sales-based or usage-based royalties
- Repurchase agreements
- A forward or a call option
- A put option
- Consignment arrangements
- Bill-and-hold arrangements
- Customer acceptance
- Disclosure of disaggregated revenue
- Appendix C
- Effective date and transition
- EFFECTIVE DATE
- TRANSITION
- References to IFRS 9
- WITHDRAWAL OF OTHER STANDARDS
- INTERNATIONAL FINANCIAL REPORTING STANDARD 16
- Leases
- OBJECTIVE
- SCOPE
- RECOGNITION EXEMPTIONS (PARAGRAPHS B3–B8)
- IDENTIFYING A LEASE (PARAGRAPHS B9–B33)
- Separating components of a contract
- Lessee
- Lessor
- LEASE TERM (PARAGRAPHS B34–B41)
- LESSEE
- Recognition
- Measurement
- Initial measurement
- Initial measurement of the right-of-use asset
- Initial measurement of the lease liability
- Subsequent measurement
- Subsequent measurement of the right-of-use asset
- Cost model
- Other measurement models
- Subsequent measurement of the lease liability
- Reassessment of the lease liability
- Lease modifications
- Presentation
- Disclosure
- LESSOR
- Classification of leases (paragraphs B53–B58)
- Finance leases
- Recognition and measurement
- Initial measurement
- Initial measurement of the lease payments included in the net investment in the lease
- Manufacturer or dealer lessors
- Subsequent measurement
- Lease modifications
- Operating leases
- Recognition and measurement
- Lease modifications
- Presentation
- Disclosure
- Finance leases
- Operating leases
- SALE AND LEASEBACK TRANSACTIONS
- Assessing whether the transfer of the asset is a sale
- Transfer of the asset is a sale
- Transfer of the asset is not a sale
- TEMPORARY EXCEPTION ARISING FROM INTEREST RATE BENCHMARK REFORM
- Appendix A
- Defined terms
- Terms defined in other Standards and used in this Standard with the same meaning
- Appendix B
- Application guidance
- Portfolio application
- Combination of contracts
- Recognition exemption: leases for which the underlying asset is of low value (paragraphs 5–8)
- Identifying a lease (paragraphs 9–11)
- Identified asset
- Substantive substitution rights
- Portions of assets
- Right to obtain economic benefits from use
- Right to direct the use
- How and for what purpose the asset is used
- Decisions determined during and before the period of use
- Protective rights
- Separating components of a contract (paragraphs 12–17)
- Lease term (paragraphs 18–21)
- In-substance fixed lease payments (paragraphs 27(a), 36(c) and 70(a))
- Lessee involvement with the underlying asset before the commencement date
- Costs of the lessee relating to the construction or design of the underlying asset
- Legal title to the underlying asset
- Lessee disclosures (paragraph 59)
- Lessor lease classification (paragraphs 61–66)
- Sublease classification
- Appendix C
- Effective date and transition
- EFFECTIVE DATE
- TRANSITION
- Definition of a lease
- Lessees
- Leases previously classified as operating leases
- Leases previously classified as finance leases
- Disclosure
- Lessors
- Sale and leaseback transactions before the date of initial application
- Amounts previously recognised in respect of business combinations
- References to IFRS 9
- Covid-19-related rent concessions for lessees
- Interest Rate Benchmark Reform – Phase 2
- WITHDRAWAL OF OTHER STANDARDS
- Appendix D
- Amendments to other Standards
- INTERNATIONAL FINANCIAL REPORTING STANDARD 17
- Insurance Contracts
- OBJECTIVE
- SCOPE
- Combination of insurance contracts
- Separating components from an insurance contract (paragraphs B31–B35)
- LEVEL OF AGGREGATION ON INSURANCE CONTRACTS
- RECOGNITION
- Insurance acquisition cash flows (paragraphs B35A–B35D)
- MEASUREMENT (PARAGRAPHS B36–B119F)
- Measurement on initial recognition (paragraphs B36–B95F)
- Estimates of future cash flows (paragraphs B36–B71)
- Discount rates (paragraphs B72–B85)
- Risk adjustment for non-financial risk (paragraphs B86–B92)
- Contractual service margin
- Subsequent measurement
- Contractual service margin (paragraphs B96–B119B)
- Onerous contracts
- Premium allocation approach
- Reinsurance contracts held
- Recognition
- Measurement
- Premium allocation approach for reinsurance contracts held
- Investment contracts with discretionary participation features
- MODIFICATION AND DERECOGNITION
- Modification of an insurance contract
- Derecognition
- PRESENTATION IN THE STATEMENT OF FINANCIAL POSITION
- RECOGNITION AND PRESENTATION IN THE STATEMENT(S) OF FINANCIAL PERFORMANCE (PARAGRAPHS B120–B136)
- Insurance service result
- Insurance finance income or expenses (see paragraphs B128–B136)
- DISCLOSURE
- Explanation of recognised amounts
- Insurance finance income or expenses
- Transition amounts
- Significant judgements in applying IFRS 17
- Nature and extent of risks that arise from contracts within the scope of IFRS 17
- All types of risk—concentrations of risk
- Insurance and market risks—sensitivity analysis
- Insurance risk—claims development
- Credit risk—other information
- Liquidity risk—other information
- Appendix A
- Defined terms
- Appendix B
- Application guidance
- DEFINITION OF AN INSURANCE CONTRACT (APPENDIX A)
- Uncertain future event
- Payments in kind
- The distinction between insurance risk and other risks
- Significant insurance risk
- Changes in the level of insurance risk
- Examples of insurance contracts
- SEPARATING COMPONENTS FROM AN INSURANCE CONTRACT (PARAGRAPHS 10–13)
- Investment components (paragraph 11(b))
- Promises to transfer distinct goods or services other than insurance contract services (paragraph 12)
- INSURANCE ACQUISITION CASH FLOWS (PARAGRAPHS 28A–28F)
- MEASUREMENT (PARAGRAPHS 29–71)
- Estimates of future cash flows (paragraphs 33–35)
- Unbiased use of all reasonable and supportable information available without undue cost or effort (paragraph 33(a))
- Market variables and non-market variables
- Market variables (paragraph 33(b))
- Non – market variables
- Using current estimates (paragraph 33(c))
- Cash flows within the contract boundary (paragraph 34)
- Contracts with cash flows that affect or are affected by cash flows to polIcy holders of other contracts
- Discount rates (paragraph 36)
- Risk adjustment for non-financial risk (paragraph 37)
- Initial recognition of transfers of insurance contracts and business combinations (paragraph 39)
- Asset for insurance acquisition cash flows
- Changes in the carrying amount of the contractual service margin for insurance contracts without direct participation features (paragraph 44)
- Changes in the carrying amount of the contractual service margin for insurance contracts with direct participation features (paragraph 45)
- Risk mitigation
- Recognition of the contractual service margin in profit or loss
- Reinsurance contracts held—recognition of recovery of losses on underlying insurance contracts (paragraphs 66A – 66B)
- INSURANCE REVENUE (PARAGRAPHS 83 AND 85)
- INSURANCE FINANCE INCOME OR EXPENSES (PARAGRAPHS 87–92)
- THE EFFECT OF ACCOUNTING ESTIMATES MADE IN INTERIM FINANCIAL STATEMENTS
- Appendix C
- Effective date and transition
- EFFECTIVE DATE
- TRANSITION
- Modified retrospective approach
- Assessments at inception or initial recognition
- Determining the contractual service margin or loss component for groups of insurance contracts without direct participation features
- Determining the contractual service margin or loss component for groups of insurance contracts with direct participation features
- Insurance finance income or expenses
- Fair value approach
- Asset for insurance acquisition cash flows
- Comparative information
- Entities that first apply IFRS 17 and IFRS 9 at the same time
- Redesignation of financial assets
- WITHDRAWAL OF OTHER IFRS STANDARDS
- IFRIC INTERPRETATION 1
- Changes in Existing Decommissioning, Restoration and Similar Liabilities
- REFERENCES
- BACKGROUND
- SCOPE
- ISSUE
- CONSENSUS
- EFFECTIVE DATE
- TRANSITION
- IFRIC INTERPRETATION 2
- Members' Shares in Cooperative Entities and Similar Instruments
- REFERENCES
- BACKGROUND
- SCOPE
- ISSUE
- CONSENSUS
- DISCLOSURE
- EFFECTIVE DATE
- Appendix
- Examples of application of the consensus
- UNCONDITIONAL RIGHT TO REFUSE REDEMPTION (paragraph 7)
- Example 1
- Facts
- Classification
- Example 2
- Facts
- Classification
- PROHIBITIONS AGAINST REDEMPTION (paragraphs 8 and 9)
- Example 3
- Facts
- Classification
- Before the governing charter is amended
- After the governing charter is amended
- Example 4
- Facts
- Classification
- Example 5
- Facts
- Classification
- Example 6
- Facts
- Classification
- Example 7
- Facts
- Classification
- IFRIC INTERPRETATION 5
- Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds
- REFERENCES
- BACKGROUND
- SCOPE
- ISSUES
- CONSENSUS
- Accounting for an interest in a fund
- Accounting for obligations to make additional contributions
- Disclosure
- EFFECTIVE DATE
- TRANSITION
- IFRIC INTERPRETATION 6
- Liabilities arising from Participating in a Specific Market — Waste Electrical and Electronic Equipment
- REFERENCES
- BACKGROUND
- SCOPE
- ISSUE
- CONSENSUS
- EFFECTIVE DATE
- TRANSITION
- IFRIC INTERPRETATION 7
- Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies
- REFERENCES
- BACKGROUND
- ISSUES
- CONSENSUS
- EFFECTIVE DATE
- IFRIC INTERPRETATION 10
- Interim Financial Reporting and Impairment
- REFERENCES
- BACKGROUND
- ISSUE
- CONSENSUS
- EFFECTIVE DATE AND TRANSITION
- IFRIC INTERPRETATION 12
- Service Concession Arrangements
- REFERENCES
- BACKGROUND
- SCOPE
- ISSUES
- CONSENSUS
- Treatment of the operator’s rights over the infrastructure
- Recognition and measurement of arrangement consideration
- Construction or upgrade services
- Consideration given by the grantor to the operator
- Operation services
- Contractual obligations to restore the infrastructure to a specified level of serviceability
- Borrowing costs incurred by the operator
- Financial asset
- Intangible asset
- Items provided to the operator by the grantor
- EFFECTIVE DATE
- TRANSITION
- Appendix A
- Application Guidance
- SCOPE (paragraph 5)
- IFRIC INTERPRETATION 14
- IAS 19 — The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction
- REFERENCES
- BACKGROUND
- SCOPE
- ISSUES
- CONSENSUS
- Availability of a refund or reduction in future contributions
- The economic benefit available as a refund
- The right to a refund
- Measurement of the economic benefit
- The economic benefit available as a contribution reduction
- The effect of a minimum funding requirement on the economic benefit available as a reduction in future contributions
- When a minimum funding requirement may give rise to a liability
- EFFECTIVE DATE
- TRANSITION
- IFRIC INTERPRETATION 16
- Hedges of a Net Investment in a Foreign Operation
- REFERENCES
- BACKGROUND
- SCOPE
- ISSUES
- CONSENSUS
- Nature of the hedged risk and amount of the hedged item for which a hedging relationship may be designated
- Where the hedging instrument can be held
- Disposal of a hedged foreign operation
- EFFECTIVE DATE
- TRANSITION
- Appendix
- Application guidance
- Nature of hedged risk for which a hedging relationship may be designated (paragraphs 10-13)
- Amount of hedged item for which a hedging relationship may be designated (paragraphs 10-13)
- Where in a group can the hedging instrument be held (paragraphs 14 and 15)?
- Amounts reclassified to profit or loss on disposal of a foreign operation (paragraphs 16 and 17)
- Hedging more than one foreign operation (paragraphs 11, 13 and 15)
- Parent holds both USD and GBP hedging instruments
- Subsidiary B holds the USD hedging instrument
- IFRIC INTERPRETATION 17
- Distributions of Non-cash Assets to Owners
- REFERENCES
- BACKGROUND
- SCOPE
- ISSUES
- CONSENSUS
- When to recognise a dividend payable
- Measurement of a dividend payable
- Accounting for any difference between the carrying amount of the assets distributed and the carrying amount of the dividend payable when an entity settles the dividend payable
- Presentation and disclosures
- EFFECTIVE DATE
- IFRIC INTERPRETATION 19
- Extinguishing Financial Liabilities with Equity Instruments
- REFERENCES
- BACKGROUND
- SCOPE
- ISSUES
- CONSENSUS
- EFFECTIVE DATE AND TRANSITION
- IFRIC INTERPRETATION 20
- Stripping Costs in the Production Phase of a Surface Mine
- REFERENCES
- BACKGROUND
- SCOPE
- ISSUES
- CONSENSUS
- Recognition of production stripping costs as an asset
- Initial measurement of the stripping activity asset
- Subsequent measurement of the stripping activity asset
- Appendix A
- Effective date and transition
- IFRIC INTERPRETATION 21
- Levies
- REFERENCES
- BACKGROUND
- SCOPE
- ISSUES
- CONSENSUS
- Appendix A
- Effective date and transition
- IFRIC INTERPRETATION 22
- Foreign Currency Transactions and Advance Consideration
- REFERENCES
- BACKGROUND
- SCOPE
- ISSUE
- CONSENSUS
- Appendix A
- Effective date and transition
- EFFECTIVE DATE
- TRANSITION
- Appendix B
- IFRIC INTERPRETATION 23
- Uncertainty over Income Tax Treatments
- REFERENCES
- BACKGROUND
- SCOPE
- ISSUES
- CONSENSUS
- Whether an entity considers uncertain tax treatments separately
- Examination by taxation authorities
- Determination of taxable profit (tax loss), tax bases, unused tax losses, unused tax credits and tax rates
- Changes in facts and circumstances
- Appendix A
- Application Guidance
- CHANGES IN FACTS AND CIRCUMSTANCES (PARAGRAPH 13)
- DISCLOSURE
- Appendix B
- Effective date and transition
- EFFECTIVE DATE
- TRANSITION
- SIC INTERPRETATION 7
- Introduction of the Euro
- REFERENCES
- ISSUE
- CONSENSUS
- DATE OF CONSENSUS
- EFFECTIVE DATE
- SIC INTERPRETATION 10
- Government Assistance — No Specific Relation to Operating Activities
- REFERENCES
- ISSUE
- CONSENSUS
- DATE OF CONSENSUS
- EFFECTIVE DATE
- SIC INTERPRETATION 25
- Income Taxes — Changes in the Tax Status of an Entity or its Shareholders
- REFERENCES
- ISSUE
- CONSENSUS
- DATE OF CONSENSUS
- EFFECTIVE DATE
- SIC INTERPRETATION 29
- Service Concession Arrangements: Disclosures
- REFERENCES
- ISSUE
- CONSENSUS
- DATE OF CONSENSUS
- EFFECTIVE DATE
- SIC INTERPRETATION 32
- Intangible Assets — Web Site Costs
- REFERENCES
- ISSUE
- CONSENSUS
- DATE OF CONSENSUS
- EFFECTIVE DATE
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