 |
|
|
| Standards
and interpretations |
Details
of amendment |
Effective
for annual periods beginning
on or after |
| IFRS 1 First
time Adoption of International Financial Reporting
Standards |
- Measurement of the cost of investments in
subsidiaries, jointly controlled entities and
associates when adopting IFRS for the first time.
|
1 July 2009 |
| IFRS 2 Share-based
Payment |
- Amendments to vesting conditions and cancellations
- Clarification of scope of IFRS 2 and IFRS 3 revised
- Accounting for group cash-settled share-based
payment transactions – clarity of the definition
of the term “group”
|
1 January 2009
1 July 2009
1 January 2010 |
| IFRS 3 Business
Combinations |
- Amendments to accounting for business combinations
|
1 July 2009 |
| IFRS 5 Non-current
Assets Held for Sale and Discontinued Operations |
- Plan to sell the controlling interest in a
subsidiary
- Disclosures of non-current assets (or disposal
groups) classified as held for sale or discontinued
operations
- Amendments resulting from IFRIC 17 for assets
held for distribution to owners
|
1 July 2009
1 January 2010
1 July 2009 |
| IFRS 7 Financial
Instruments: Disclosures |
- Presentation of finance costs
- Amendments dealing with improving disclosures
about financial instruments
- Amendments enhancing disclosures about, for value
and liquidity risk
|
1 January 2009
1 January 2009
1 January 2009 |
| IFRS 8 Operating
Segments |
- New standard on segment reporting (replaces
IAS 14)
- Disclosure of information about segment assets
|
1 January 2009
1 January 2010 |
| IAS 1 Presentation
of Financial Statements |
- Amendments to structure of financial statements
- Current/non-current classification of derivatives
- Current /non-current classification of convertible
instruments
|
1 January 2009
1 January 2010 |
| IAS 7 Statement
of Cash Flows |
- Cash flows from assets held for rental classified
as operating activities
- Classification of expenditures on unrecognised
assets
|
1 January 2009
1 January 2010 |
| IAS 8 Accounting
Policies, Changes in Accounting Estimates and Errors |
- Status of implementation guidance
|
1 January 2009 |
| IAS 10 Events
after the Reporting Period |
- Dividends declared after the end of the reporting
period
- Amendment resulting from the issue of IFRIC 17
|
1 January 2009
1 July 2009 |
IAS 16 Property,
Plant and Equipment |
- Recoverable amount
- Sale of assets held for rental
|
1 January 2009 |
| IAS 17 Leases |
- Classification of leases of land and buildings
|
1 January 2010 |
| IAS 18 Revenue |
- Costs of originating a loan
|
1 January 2009 |
| IAS 19 Employee
Benefits |
- Curtailments and negative past service costs
- Plan administration costs
- Replacement of term ‘fall due’
- Guidance on contingent liabilities
|
1 January 2009 |
IAS 20 Accounting
for Government Grants and Disclosure of Government
Assistance |
- Government loans with a below-market rate of
interest
- Consistency of terminology with other IFRS
|
1 January 2009 |
| IAS 23 Borrowing
Costs |
- Amendment requiring capitalisation model only
- Components of borrowing costs
|
1 January 2009 |
| IAS 27 Consolidated
and Separate Financial Statements |
- Amendment dealing with measurement of the cost
of investments when adopting IFRS for the first
time
- Consequential amendments from changes to business
combinations
- Measurement of subsidiary held for sale in separate
financial statements
|
1 January 2009
1 July 2009 |
| IAS 29 Financial
Reporting in Hyperinflationary Economies |
- Description of measurement basis in financial
statements
- Consistency of terminology with other IFRS
|
1 January 2009 |
| IAS 31 Interests
in Joint Ventures |
- Required disclosures when interest in jointly
controlled entities are accounted for at fair
value through profit or loss
- Consequential amendments from changes to business
combinations
|
1 January 2009
1 July 2009 |
| IAS 34 Interim
Financial Reporting |
- Earnings per share disclosures in interim financial
reports
|
1 January 2009 |
| IAS 36 Impairment
of Assets |
- Disclosure of estimates used to determine recoverable
amount
- Unit of accounting for goodwill impairment test
|
1 January 2009
1 January 2010 |
| IAS 38 Intangible
Assets |
- Advertising and promotional activities
- Unit of production method of amortisation
- Additional consequential amendments arising from
revised IFRS 3
- Measuring the fair value of an intangible asset
acquired in a business combination
|
1 January 2009
1 July 2009 |
| IAS 39 Financial
Instruments: Recognition and Measurement |
- Reclassification of derivatives into or out
of the classification “at fair value through
profit or loss”
- Designation and documenting hedges at the segment
level
- Applicable effective interest rate on cessation
of fair value hedge accounting
- Clarifies hedge accounting issues:
– Inflation in a financial hedged item
– A one-sided risk in a hedged item
- Amendments for embedded derivatives when reclassifying
financial instruments
- Treating loan prepayment penalties as closely
related embedded derivatives
- Scope exemption for business combination contracts
- Cash flow hedge accounting
|
1 January 2009
1 July 2009
Annual periods ending on or after 30 June 2009
1 January 2010 |
| IAS 40 Investment
Property |
- Property under construction or development
for future use as investment property
- Consistency of terminology with IAS 8
- Investment property held under lease
|
1 January 2009 |
| IFRIC 9 (amended) Re-assessment
of Embedded Derivatives |
- Scope of IFRIC 9 and revised IFRS 3
|
1 July 2009 |
| IFRIC 16 (amended) Hedges
of a Net Investment in a Foreign Operation |
- Amendment to the restriction on the entity
that the entity can hold hedging instruments
|
1 July 2009 |
| IFRIC 17 Distribution
of Non-cash Assets to Owners |
|
1 July 2009 |
| IFRIC 18 Transfers
of Assets from Customers |
|
1 July 2009 |
