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Commission Regulation (EC) No 1725/2003 (repealed)Show full title

Commission Regulation (EC) No 1725/2003 of 29 September 2003 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accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council (Text with EEA relevance) (repealed)

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  1. Introductory Text

  2. Article 1.. . . . . . . . . ....

  3. Article 2.. . . . . . . . . ....

  4. Signature

    1. ANNEX

      1. INTERNATIONAL ACCOUNTING STANDARD 1 Presentation of Financial Statements

        2. OBJECTIVE

        3. SCOPE

        4. PURPOSE OF FINANCIAL STATEMENTS

        5. COMPONENTS OF FINANCIAL STATEMENTS

        6. DEFINITIONS

        7. OVERALL CONSIDERATIONS

          1. Fair Presentation and Compliance with IFRSs

          2. Going Concern

          3. Accrual Basis of Accounting

          4. Consistency of Presentation

          5. Materiality and Aggregation

          6. Offsetting

          7. Comparative Information

        8. STRUCTURE AND CONTENT

          1. Introduction

          2. Identification of the Financial Statements

          3. Reporting Period

          4. Balance Sheet

            1. Current/Non-current Distinction

            2. Current Assets

            3. Current Liabilities

            4. Information to be Presented on the Face of the Balance...

            5. Information to be Presented either on the Face of the...

          5. Income Statement

            1. Profit or Loss for the Period

            2. Information to be Presented on the Face of the Income...

            3. Information to be Presented either on the Face of the...

          6. Statement of Changes in Equity

          7. Cash Flow Statement

          8. Notes

            1. Structure

            2. Disclosure of Accounting Policies

            3. Key Sources of Estimation Uncertainty

            4. Capital

            5. Other Disclosures

        9. EFFECTIVE DATE

        10. WITHDRAWAL OF IAS 1 (REVISED 1997)

      2. APPENDIX Amendments to Other Pronouncements

      3. INTERNATIONAL ACCOUNTING STANDARD 2 Inventories

        2. OBJECTIVE

        3. SCOPE

        4. DEFINITIONS

        5. MEASUREMENT OF INVENTORIES

          2. Cost of Inventories

            2. Costs of Purchase

            3. Costs of Conversion

            4. Other Costs

            5. Cost of Inventories of a Service Provider

            6. Cost of Agricultural Produce Harvested from Biological Assets

            7. Techniques for the Measurement of Cost

          3. Cost Formulas

          4. Net Realisable Value

        6. RECOGNITION AS AN EXPENSE

        7. DISCLOSURE

        8. EFFECTIVE DATE

        9. WITHDRAWAL OF OTHER PRONOUNCEMENTS

      4. APPENDIX Amendments to Other Pronouncements

      5. INTERNATIONAL ACCOUNTING STANDARD IAS 7 (REVISED 1992)

        1. Cash flow statements

          1. CONTENTS

          2. OBJECTIVE

          3. SCOPE

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. . . . . . . . . . ....

          4. BENEFITS OF CASH FLOW INFORMATION

            1. 4. . . . . . . . . . ....

            2. 5. . . . . . . . . . ....

          5. DEFINITIONS

            1. 6. The following terms are used in this Standard with the...

            2. Cash and cash equivalents

              1. 7. . . . . . . . . . ....

              2. 8. . . . . . . . . . ....

              3. 9. . . . . . . . . . ....

          6. PRESENTATION OF A CASH FLOW STATEMENT

            1. 10. . . . . . . . . . ....

            2. 11. . . . . . . . . . ....

            3. 12. . . . . . . . . . ....

            4. Operating activities

              1. 13. . . . . . . . . . ....

              2. 14. Cash flows from operating activities are primarily derived from the...

              3. 15. . . . . . . . . . ....

            5. Investing activities

              1. 16. The separate disclosure of cash flows arising from investing activities...

            6. Financing activities

              1. 17. The separate disclosure of cash flows arising from financing activities...

          7. REPORTING CASH FLOWS FROM OPERATING ACTIVITIES

            1. 18. An enterprise should report cash flows from operating activities using...

            2. 19. Enterprises are encouraged to report cash flows from operating activities...

            3. 20. Under the indirect method, the net cash flow from operating...

          8. REPORTING CASH FLOWS FROM INVESTING AND FINANCING ACTIVITIES

            1. 21. . . . . . . . . . ....

          9. REPORTING CASH FLOWS ON A NET BASIS

            1. 22. Cash flows arising from the following operating, investing or financing...

            2. 23. Examples of cash receipts and payments referred to in paragraph...

            3. 24. Cash flows arising from each of the following activities of...

          10. FOREIGN CURRENCY CASH FLOWS

            1. 25. . . . . . . . . . ....

            2. 26. . . . . . . . . . ....

            3. 27. . . . . . . . . . ....

            4. 28. . . . . . . . . . ....

          11. EXTRAORDINARY ITEMS

            1. 29. . . . . . . . . . ....

            2. 30. . . . . . . . . . ....

          12. INTEREST AND DIVIDENDS

            1. 31. . . . . . . . . . ....

            2. 32. . . . . . . . . . ....

            3. 33. . . . . . . . . . ....

            4. 34. . . . . . . . . . ....

          13. TAXES ON INCOME

            1. 35. . . . . . . . . . ....

            2. 36. . . . . . . . . . ....

          14. INVESTMENTS IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES

            1. 37. . . . . . . . . . ....

            2. 38. . . . . . . . . . ....

          15. ACQUISITIONS AND DISPOSALS OF SUBSIDIARIES AND OTHER BUSINESS UNITS

            1. 39. . . . . . . . . . ....

            2. 40. An enterprise should disclose, in aggregate, in respect of both...

            3. 41. . . . . . . . . . ....

            4. 42. . . . . . . . . . ....

          16. NON-CASH TRANSACTIONS

            1. 43. . . . . . . . . . ....

            2. 44. Many investing and financing activities do not have a direct...

          17. COMPONENTS OF CASH AND CASH EQUIVALENTS

            1. 45. . . . . . . . . . ....

            2. 46. . . . . . . . . . ....

            3. 47. . . . . . . . . . ....

          18. OTHER DISCLOSURES

            1. 48. . . . . . . . . . ....

            2. 49. . . . . . . . . . ....

            3. 50. Additional information may be relevant to users in understanding the...

            4. 51. . . . . . . . . . ....

            5. 52. . . . . . . . . . ....

          19. EFFECTIVE DATE

            1. 53. . . . . . . . . . ....

      6. INTERNATIONAL ACCOUNTING STANDARD 8 Accounting Policies, Changes in Accounting Estimates and Errors

        2. OBJECTIVE

        3. SCOPE

        4. DEFINITIONS

        5. ACCOUNTING POLICIES

          1. Selection and Application of Accounting Policies

          2. Consistency of Accounting Policies

          3. Changes in Accounting Policies

            2. Applying Changes in Accounting Policies

              2. Retrospective application

              3. Limitations on retrospective application

            3. Disclosure

        6. CHANGES IN ACCOUNTING ESTIMATES

          2. Disclosure

        7. ERRORS

          2. Limitations on Retrospective Restatement

          3. Disclosure of Prior Period Errors

        8. IMPRACTICABILITY IN RESPECT OF RETROSPECTIVE APPLICATION AND RETROSPECTIVE RESTATEMENT

        9. EFFECTIVE DATE

        10. WITHDRAWAL OF OTHER PRONOUNCEMENTS

      7. APPENDIX Amendments to Other Pronouncements

      8. INTERNATIONAL ACCOUNTING STANDARD 10 Events after the Balance Sheet Date

        2. OBJECTIVE

        3. SCOPE

        4. DEFINITIONS

        5. RECOGNITION AND MEASUREMENT

          1. Adjusting Events after the Balance Sheet Date

          2. Non-adjusting Events after the Balance Sheet Date

          3. Dividends

        6. GOING CONCERN

        7. DISCLOSURE

          1. Date of Authorisation for Issue

          2. Updating Disclosure about Conditions at the Balance Sheet Date

          3. Non-adjusting Events after the Balance Sheet Date

        8. EFFECTIVE DATE

        9. WITHDRAWAL OF IAS 10 (REVISED 1999)

      9. APPENDIX Amendments to Other Pronouncements

      10. INTERNATIONAL ACCOUNTING STANDARD IAS 11 (REVISED 1993)

        1. Construction Contracts

          1. CONTENTS

          2. OBJECTIVE

          3. SCOPE

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

          4. DEFINITIONS

            1. 3. The following terms are used in this Standard with the...

            2. 4. . . . . . . . . . ....

            3. 5. For the purposes of this Standard, construction contracts include:

            4. 6. . . . . . . . . . ....

          5. COMBINING AND SEGMENTING CONSTRUCTION CONTRACTS

            1. 7. . . . . . . . . . ....

            2. 8. When a contract covers a number of assets, the construction...

            3. 9. A group of contracts, whether with a single customer or...

            4. 10. A contract may provide for the construction of an additional...

          6. CONTRACT REVENUE

            1. 11. Contract revenue should comprise:

            2. 12. Contract revenue is measured at the fair value of the...

            3. 13. A variation is an instruction by the customer for a...

            4. 14. A claim is an amount that the contractor seeks to...

            5. 15. Incentive payments are additional amounts paid to the contractor if...

          7. CONTRACT COSTS

            1. 16. Contract costs should comprise:

            2. 17. Costs that relate directly to a specific contract include:

            3. 18. Costs that may be attributable to contract activity in general...

            4. 19. . . . . . . . . . ....

            5. 20. Costs that cannot be attributed to contract activity or cannot...

            6. 21. . . . . . . . . . ....

          8. RECOGNITION OF CONTRACT REVENUE AND EXPENSES

            1. 22. . . . . . . . . . ....

            2. 23. In the case of a fixed price contract, the outcome...

            3. 24. In the case of a cost plus contract, the outcome...

            4. 25. . . . . . . . . . ....

            5. 26. . . . . . . . . . ....

            6. 27. . . . . . . . . . ....

            7. 28. . . . . . . . . . ....

            8. 29. An enterprise is generally able to make reliable estimates after...

            9. 30. The stage of completion of a contract may be determined...

            10. 31. When the stage of completion is determined by reference to...

            11. 32. When the outcome of a construction contract cannot be estimated...

            12. 33. . . . . . . . . . ....

            13. 34. Contract costs that are not probable of being recovered are...

            14. 35. . . . . . . . . . ....

          9. RECOGNITION OF EXPECTED LOSSES

            1. 36. . . . . . . . . . ....

            2. 37. The amount of such a loss is determined irrespective of:...

          10. CHANGES IN ESTIMATES

            1. 38. . . . . . . . . . ....

          11. DISCLOSURE

            1. 39. An enterprise should disclose:

            2. 40. An enterprise should disclose each of the following for contracts...

            3. 41. . . . . . . . . . ....

            4. 42. An enterprise should present:

            5. 43. The gross amount due from customers for contract work is...

            6. 44. The gross amount due to customers for contract work is...

            7. 45. . . . . . . . . . ....

          12. EFFECTIVE DATE

            1. 46. . . . . . . . . . ....

      11. INTERNATIONAL ACCOUNTING STANDARD IAS 12 (REVISED 2000)

        1. Income taxes

          1. INTRODUCTION

            1. 1. The original IAS 12 required an enterprise to account for...

            2. 2. . . . . . . . . . ....

            3. 3. The original IAS 12 required that:

            4. 4. . . . . . . . . . ....

            5. 5. The original IAS 12 required that taxes payable on undistributed...

            6. 6. . . . . . . . . . ....

            7. 7. . . . . . . . . . ....

            8. 8. The tax consequences of recovering the carrying amount of certain...

            9. 9. . . . . . . . . . ....

            10. 10. . . . . . . . . . ....

            11. 11. . . . . . . . . . ....

            12. 12. The original IAS 12 required disclosure of an explanation of...

            13. 13. New disclosures required by IAS 12 (revised) include:

          2. CONTENTS

          3. OBJECTIVE

          4. SCOPE

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. . . . . . . . . . ....

            4. 4. . . . . . . . . . ....

          5. DEFINITIONS

            1. 5. The following terms are used in this Standard with the...

            2. 6. . . . . . . . . . ....

            3. Tax base

              1. 7. The tax base of an asset is the amount that...

                1. Examples

                  1. 1. . . . . . . . . . ....

                  2. 2. . . . . . . . . . ....

                  3. 3. . . . . . . . . . ....

                  4. 4. . . . . . . . . . ....

                  5. 5. . . . . . . . . . ....

              2. 8. The tax base of a liability is its carrying amount,...

                1. Examples

                  1. 1. . . . . . . . . . ....

                  2. 2. . . . . . . . . . ....

                  3. 3. . . . . . . . . . ....

                  4. 4. . . . . . . . . . ....

                  5. 5. . . . . . . . . . ....

              3. 9. . . . . . . . . . ....

              4. 10. . . . . . . . . . ....

              5. 11. . . . . . . . . . ....

          6. RECOGNITION OF CURRENT TAX LIABILITIES AND CURRENT TAX ASSETS

            1. 12. . . . . . . . . . ....

            2. 13. . . . . . . . . . ....

            3. 14. . . . . . . . . . ....

          7. RECOGNITION OF DEFERRED TAX LIABILITIES AND DEFERRED TAX ASSETS

            1. Taxable temporary differences

              1. 15. A deferred tax liability should be recognised for all taxable...

              2. 16. It is inherent in the recognition of an asset that...

                1. Example

              3. 17. Some temporary differences arise when income or expense is included...

              4. 18. Temporary differences also arise when:

              5. Business combinations

                1. 19. . . . . . . . . . ....

              6. Assets carried at fair value

                1. 20. International Accounting Standards permit certain assets to be carried at...

              7. Goodwill

                1. 21. . . . . . . . . . ....

              8. Initial recognition of an asset or liability

                1. 22. A temporary difference may arise on initial recognition of an...

                2. 23. In accordance with IAS 32, financial instruments: disclosure and presentation,...

                  1. Example illustrating paragraph 22(c)

            2. Deductible temporary differences

              1. 24. A deferred tax asset should be recognised for all deductible...

              2. 25. It is inherent in the recognition of a liability that...

                1. Example

              3. 26. The following are examples of deductible temporary differences which result...

              4. 27. . . . . . . . . . ....

              5. 28. It is probable that taxable profit will be available against...

              6. 29. When there are insufficient taxable temporary differences relating to the...

              7. 30. Tax planning opportunities are actions that the enterprise would take...

              8. 31. . . . . . . . . . ....

              9. Negative goodwill

                1. 32. . . . . . . . . . ....

              10. Initial recognition of an asset or liability

                1. 33. . . . . . . . . . ....

            3. Unused tax losses and unused tax credits

              1. 34. . . . . . . . . . ....

              2. 35. . . . . . . . . . ....

              3. 36. An enterprise considers the following criteria in assessing the probability...

            4. Reassessment of unrecognised deferred tax assets

              1. 37. . . . . . . . . . ....

            5. Investments in subsidiaries, branches and associates and interests in joint...

              1. 38. Temporary differences arise when the carrying amount of investments in...

              2. 39. An enterprise should recognise a deferred tax liability for all...

              3. 40. . . . . . . . . . ....

              4. 41. . . . . . . . . . ....

              5. 42. . . . . . . . . . ....

              6. 43. . . . . . . . . . ....

              7. 44. An enterprise should recognise a deferred tax asset for all...

              8. 45. . . . . . . . . . ....

          8. MEASUREMENT

            1. 46. . . . . . . . . . ....

            2. 47. . . . . . . . . . ....

            3. 48. . . . . . . . . . ....

            4. 49. . . . . . . . . . ....

            5. 50. . . . . . . . . . ....

            6. 51. . . . . . . . . . ....

            7. 52. In some jurisdictions, the manner in which an enterprise recovers...

              1. Example A

              2. Example B

              3. Example C

            8. 52A. . . . . . . . . . ....

            9. 52B. In the circumstances described in paragraph 52A, the income tax...

              1. Example illustrating paragraphs 52A and 52B

            10. 53. . . . . . . . . . ....

            11. 54. . . . . . . . . . ....

            12. 55. . . . . . . . . . ....

            13. 56. . . . . . . . . . ....

          9. RECOGNITION OF CURRENT AND DEFERRED TAX

            1. 57. . . . . . . . . . ....

            2. Income statement

              1. 58. Current and deferred tax should be recognised as income or...

              2. 59. Most deferred tax liabilities and deferred tax assets arise where...

              3. 60. The carrying amount of deferred tax assets and liabilities may...

            3. Items credited or charged directly to equity

              1. 61. . . . . . . . . . ....

              2. 62. International Accounting Standards require or permit certain items to be...

              3. 63. In exceptional circumstances it may be difficult to determine the...

              4. 64. . . . . . . . . . ....

              5. 65. . . . . . . . . . ....

              6. 65A. . . . . . . . . . ....

            4. Deferred tax arising from a business combination

              1. 66. . . . . . . . . . ....

              2. 67. . . . . . . . . . ....

              3. 68. When an acquirer did not recognise a deferred tax asset...

                1. Example

          10. PRESENTATION

            1. Tax assets and tax liabilities

              1. 69. . . . . . . . . . ....

              2. 70. . . . . . . . . . ....

              3. Offset

                1. 71. An enterprise should offset current tax assets and current tax...

                2. 72. . . . . . . . . . ....

                3. 73. . . . . . . . . . ....

                4. 74. An enterprise should offset deferred tax assets and deferred tax...

                5. 75. . . . . . . . . . ....

                6. 76. . . . . . . . . . ....

            2. Tax expense

              1. Tax expense (income) related to profit or loss from ordinary...

                1. 77. . . . . . . . . . ....

              2. Exchange differences on deferred foreign tax liabilities or assets

                1. 78. . . . . . . . . . ....

          11. DISCLOSURE

            1. 79. . . . . . . . . . ....

            2. 80. Components of tax expense (income) may include:

            3. 81. The following should also be disclosed separately:

            4. 82. . . . . . . . . . ....

            5. 82A. . . . . . . . . . ....

            6. 83. . . . . . . . . . ....

            7. 84. . . . . . . . . . ....

            8. 85. . . . . . . . . . ....

            9. 86. . . . . . . . . . ....

            10. 87. . . . . . . . . . ....

            11. 87A. . . . . . . . . . ....

            12. 87B. . . . . . . . . . ....

            13. 87C. . . . . . . . . . ....

            14. 88. An enterprise discloses any tax-related contingent liabilities and contingent assets...

              1. Example illustrating paragraph 85

          12. EFFECTIVE DATE

            1. 89. . . . . . . . . . ....

            2. 90. . . . . . . . . . ....

            3. 91. . . . . . . . . . ....

      12. INTERNATIONAL ACCOUNTING STANDARD IAS 14 (REVISED 1997)

        1. Segment reporting

          1. INTRODUCTION

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. . . . . . . . . . ....

            4. 4. . . . . . . . . . ....

            5. 5. . . . . . . . . . ....

            6. 6. . . . . . . . . . ....

            7. 7. . . . . . . . . . ....

            8. 8. . . . . . . . . . ....

            9. 9. The original IAS 14 required four principal items of information...

            10. 10. . . . . . . . . . ....

            11. 11. . . . . . . . . . ....

            12. 12. . . . . . . . . . ....

            13. 13. . . . . . . . . . ....

          2. CONTENTS

          3. OBJECTIVE

          4. SCOPE

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. . . . . . . . . . ....

            4. 4. . . . . . . . . . ....

            5. 5. . . . . . . . . . ....

            6. 6. . . . . . . . . . ....

            7. 7. . . . . . . . . . ....

          5. DEFINITIONS

            1. Definitions from other international accounting standards

              1. 8. The following terms are used in this Standard with the...

            2. Definitions of business segment and geographical segment

              1. 9. The terms business segment and geographical segment are used in...

              2. 10. . . . . . . . . . ....

              3. 11. . . . . . . . . . ....

              4. 12. . . . . . . . . . ....

              5. 13. The predominant sources of risks affect how most enterprises are...

              6. 14. . . . . . . . . . ....

              7. 15. . . . . . . . . . ....

            3. Definitions of segment revenue, expense, result, assets, and liabilities

              1. 16. The following additional terms are used in this Standard with...

              2. 17. . . . . . . . . . ....

              3. 18. . . . . . . . . . ....

              4. 19. . . . . . . . . . ....

              5. 20. . . . . . . . . . ....

              6. 21. . . . . . . . . . ....

              7. 22. . . . . . . . . . ....

              8. 23. . . . . . . . . . ....

              9. 24. . . . . . . . . . ....

              10. 25. . . . . . . . . . ....

          6. IDENTIFYING REPORTABLE SEGMENTS

            1. Primary and secondary segment reporting formats

              1. 26. . . . . . . . . . ....

              2. 27. An enterprise's internal organisational and management structure and its system...

              3. 28. . . . . . . . . . ....

              4. 29. . . . . . . . . . ....

              5. 30. . . . . . . . . . ....

            2. Business and geographical segments

              1. 31. . . . . . . . . . ....

              2. 32. If an enterprise's internal organisational and management structure and its...

              3. 33. . . . . . . . . . ....

            3. Reportable segments

              1. 34. Two or more internally reported business segments or geographical segments...

              2. 35. A business segment or geographical segment should be identified as...

              3. 36. If an internally reported segment is below all of the...

              4. 37. . . . . . . . . . ....

              5. 38. . . . . . . . . . ....

              6. 39. . . . . . . . . . ....

              7. 40. . . . . . . . . . ....

              8. 41. . . . . . . . . . ....

              9. 42. . . . . . . . . . ....

              10. 43. . . . . . . . . . ....

          7. SEGMENT ACCOUNTING POLICIES

            1. 44. . . . . . . . . . ....

            2. 45. . . . . . . . . . ....

            3. 46. . . . . . . . . . ....

            4. 47. . . . . . . . . . ....

            5. 48. . . . . . . . . . ....

          8. DISCLOSURE

            1. 49. . . . . . . . . . ....

            2. Primary reporting format

              1. 50. . . . . . . . . . ....

              2. 51. . . . . . . . . . ....

              3. 52. . . . . . . . . . ....

              4. 53. . . . . . . . . . ....

              5. 54. . . . . . . . . . ....

              6. 55. . . . . . . . . . ....

              7. 56. . . . . . . . . . ....

              8. 57. . . . . . . . . . ....

              9. 58. . . . . . . . . . ....

              10. 59. . . . . . . . . . ....

              11. 60. . . . . . . . . . ....

              12. 61. . . . . . . . . . ....

              13. 62. . . . . . . . . . ....

              14. 63. . . . . . . . . . ....

              15. 64. . . . . . . . . . ....

              16. 65. . . . . . . . . . ....

              17. 66. . . . . . . . . . ....

              18. 67. . . . . . . . . . ....

            3. Secondary segment information

              1. 68. Paragraphs 50 to 67 identify the disclosure requirements to be...

              2. 69. If an enterprise's primary format for reporting segment information is...

              3. 70. If an enterprise's primary format for reporting segment information is...

              4. 71. . . . . . . . . . ....

              5. 72. If an enterprise's primary format for reporting segment information is...

            4. Illustrative segment disclosures

              1. 73. . . . . . . . . . ....

            5. Other disclosure matters

              1. 74. . . . . . . . . . ....

              2. 75. . . . . . . . . . ....

              3. 76. . . . . . . . . . ....

              4. 77. . . . . . . . . . ....

              5. 78. . . . . . . . . . ....

              6. 79. . . . . . . . . . ....

              7. 80. . . . . . . . . . ....

              8. 81. . . . . . . . . . ....

              9. 82. . . . . . . . . . ....

              10. 83. . . . . . . . . . ....

          9. EFFECTIVE DATE

            1. 84. . . . . . . . . . ....

      13. INTERNATIONAL ACCOUNTING STANDARD IAS 15 (REFORMATTED 1994)

        1. Information reflecting the effects of changing prices

          1. CONTENTS

          2. BOARD STATEMENT OCTOBER 1989

          3. SCOPE

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. . . . . . . . . . ....

            4. 4. . . . . . . . . . ....

            5. 5. . . . . . . . . . ....

          4. EXPLANATION

            1. 6. . . . . . . . . . ....

            2. 7. . . . . . . . . . ....

          5. RESPONDING TO CHANGING PRICES

            1. 8. . . . . . . . . . ....

            2. 9. . . . . . . . . . ....

            3. 10. . . . . . . . . . ....

            4. General purchasing power approach

              1. 11. . . . . . . . . . ....

            5. Current cost approach

              1. 12. . . . . . . . . . ....

              2. 13. . . . . . . . . . ....

              3. 14. . . . . . . . . . ....

              4. 15. . . . . . . . . . ....

              5. 16. . . . . . . . . . ....

              6. 17. . . . . . . . . . ....

              7. 18. . . . . . . . . . ....

            6. Current status

              1. 19. . . . . . . . . . ....

              2. 20. . . . . . . . . . ....

          6. MINIMUM DISCLOSURES

            1. 21. The items to be presented are:

            2. 22. . . . . . . . . . ....

            3. 23. . . . . . . . . . ....

            4. 24. . . . . . . . . . ....

            5. 25. . . . . . . . . . ....

          7. OTHER DISCLOSURES

            1. 26. . . . . . . . . . ....

          8. EFFECTIVE DATE

            1. 27. . . . . . . . . . ....

      14. INTERNATIONAL ACCOUNTING STANDARD 16 Property, Plant and Equipment

        2. OBJECTIVE

        3. SCOPE

        4. DEFINITIONS

        5. RECOGNITION

          2. Initial Costs

          3. Subsequent Costs

        6. MEASUREMENT AT RECOGNITION

          2. Elements of Cost

          3. Measurement of Cost

        7. MEASUREMENT AFTER RECOGNITION

          2. Cost Model

          3. Revaluation Model

          4. Depreciation

            2. Depreciable Amount and Depreciation Period

            3. Depreciation Method

          5. Impairment

          6. Compensation for Impairment

        8. DERECOGNITION

        9. DISCLOSURE

        10. TRANSITIONAL PROVISIONS

        11. EFFECTIVE DATE

        12. WITHDRAWAL OF OTHER PRONOUNCEMENTS

      15. APPENDIX Amendments to Other Pronouncements

      16. INTERNATIONAL ACCOUNTING STANDARD 17 Leases

        2. OBJECTIVE

        3. SCOPE

        4. DEFINITIONS

        5. CLASSIFICATION OF LEASES

        6. LEASES IN THE FINANCIAL STATEMENTS OF LESSEES

          1. Finance Leases

            1. Initial Recognition

            2. Subsequent Measurement

          2. Operating Leases

        7. LEASES IN THE FINANCIAL STATEMENTS OF LESSORS

          1. Finance Leases

            1. Initial Recognition

            2. Subsequent Measurement

          2. Operating Leases

        8. SALE AND LEASEBACK TRANSACTIONS

        9. TRANSITIONAL PROVISIONS

        10. EFFECTIVE DATE

        11. WITHDRAWAL OF IAS 17 (REVISED 1997)

      17. APPENDIX Amendments to Other Pronouncements

      18. INTERNATIONAL ACCOUNTING STANDARD IAS 18 (REVISED 1993)

        1. Revenue

          1. CONTENTS

          2. OBJECTIVE

          3. SCOPE

            1. 1. This Standard should be applied in accounting for revenue arising...

            2. 2. . . . . . . . . . ....

            3. 3. . . . . . . . . . ....

            4. 4. . . . . . . . . . ....

            5. 5. The use by others of enterprise assets gives rise to...

            6. 6. This Standard does not deal with revenue arising from:

          4. DEFINITIONS

            1. 7. The following terms are used in this Standard with the...

            2. 8. . . . . . . . . . ....

          5. MEASUREMENT OF REVENUE

            1. 9. . . . . . . . . . ....

            2. 10. . . . . . . . . . ....

            3. 11. In most cases, the consideration is in the form of...

            4. 12. . . . . . . . . . ....

          6. IDENTIFICATION OF THE TRANSACTION

            1. 13. . . . . . . . . . ....

          7. SALE OF GOODS

            1. 14. Revenue from the sale of goods should be recognised when...

            2. 15. . . . . . . . . . ....

            3. 16. If the enterprise retains significant risks of ownership, the transaction...

            4. 17. . . . . . . . . . ....

            5. 18. . . . . . . . . . ....

            6. 19. . . . . . . . . . ....

          8. RENDERING OF SERVICES

            1. 20. When the outcome of a transaction involving the rendering of...

            2. 21. . . . . . . . . . ....

            3. 22. . . . . . . . . . ....

            4. 23. An enterprise is generally able to make reliable estimates after...

            5. 24. The stage of completion of a transaction may be determined...

            6. 25. . . . . . . . . . ....

            7. 26. . . . . . . . . . ....

            8. 27. . . . . . . . . . ....

            9. 28. . . . . . . . . . ....

          9. INTEREST, ROYALTIES AND DIVIDENDS

            1. 29. Revenue arising from the use by others of enterprise assets...

            2. 30. Revenue should be recognised on the following bases:

            3. 31. . . . . . . . . . ....

            4. 32. . . . . . . . . . ....

            5. 33. . . . . . . . . . ....

            6. 34. . . . . . . . . . ....

          10. DISCLOSURE

            1. 35. An enterprise should disclose:

            2. 36. . . . . . . . . . ....

          11. EFFECTIVE DATE

            1. 37. . . . . . . . . . ....

      19. INTERNATIONAL ACCOUNTING STANDARD IAS 19 (REVISED 2002)

        1. Employee Benefits

          1. INTRODUCTION

            1. 1. . . . . . . . . . ....

            2. 2. The Standard identifies five categories of employee benefits:

            3. 3. . . . . . . . . . ....

            4. 4. . . . . . . . . . ....

            5. 5. . . . . . . . . . ....

            6. 6. All other post-employment benefit plans are defined benefit plans. Defined...

            7. 7. . . . . . . . . . ....

            8. 8. Termination benefits are employee benefits payable as a result of...

            9. 9. . . . . . . . . . ....

            10. 10. . . . . . . . . . ....

            11. 11. . . . . . . . . . ....

            12. 12. . . . . . . . . . ....

            13. 13. . . . . . . . . . ....

          2. CONTENTS

          3. OBJECTIVE

          4. SCOPE

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. This Standard applies to all employee benefits, including those provided:...

            4. 4. Employee benefits include:

            5. 5. . . . . . . . . . ....

            6. 6. . . . . . . . . . ....

          5. DEFINITIONS

            1. 7. The following terms are used in this Standard with the...

          6. SHORT-TERM EMPLOYEE BENEFITS

            1. 8. Short-term employee benefits include items such as:

            2. 9. . . . . . . . . . ....

            3. Recognition and measurement

              1. All short-term employee benefits

                1. 10. When an employee has rendered service to an enterprise during...

              2. Short-term compensated absences

                1. 11. An enterprise should recognise the expected cost of short-term employee...

                2. 12. An enterprise may compensate employees for absence for various reasons...

                3. 13. . . . . . . . . . ....

                4. 14. . . . . . . . . . ....

                5. 15. The method specified in the previous paragraph measures the obligation...

                  1. Example illustrating paragraphs 14 and 15

                6. 16. . . . . . . . . . ....

              3. Profit-sharing and bonus plans

                1. 17. An enterprise should recognise the expected cost of profit-sharing and...

                2. 18. Under some profit-sharing plans, employees receive a share of the...

                  1. Example illustrating paragraph 18

                3. 19. . . . . . . . . . ....

                4. 20. An enterprise can make a reliable estimate of its legal...

                5. 21. . . . . . . . . . ....

                6. 22. . . . . . . . . . ....

            4. Disclosure

              1. 23. . . . . . . . . . ....

          7. POST-EMPLOYMENT BENEFITS: DISTINCTION BETWEEN DEFINED CONTRIBUTION PLANS AND DEFINED BENEFIT...

            1. 24. Post-employment benefits include, for example:

            2. 25. Post-employment benefit plans are classified as either defined contribution plans...

            3. 26. Examples of cases where an enterprise's obligation is not limited...

            4. 27. Under defined benefit plans:

            5. 28. . . . . . . . . . ....

            6. Multi-employer plans

              1. 29. An enterprise should classify a multi-employer plan as a defined...

              2. 30. When sufficient information is not available to use defined benefit...

              3. 31. One example of a defined benefit multi-employer plan is one...

              4. 32. Where sufficient information is available about a multi-employer plan which...

              5. 32A. There may be a contractual agreement between the multi-employer plan...

              6. 32B. IAS 37 Provisions, contingent liabilities and contingent assets requires an...

              7. 33. . . . . . . . . . ....

              8. Defined benefit plans that share risks between various entities under...

                1. 34. . . . . . . . . . ....

                2. 34A. . . . . . . . . . ....

                3. 34B. Participation in such a plan is a related party transaction...

              9. 35. IAS 37, provisions, contingent liabilities and contingent assets, requires an...

            7. State plans

              1. 36. . . . . . . . . . ....

              2. 37. . . . . . . . . . ....

              3. 38. . . . . . . . . . ....

            8. Insured benefits

              1. 39. An enterprise may pay insurance premiums to fund a post-employment...

              2. 40. . . . . . . . . . ....

              3. 41. Where an enterprise funds a post-employment benefit obligation by contributing...

              4. 42. . . . . . . . . . ....

          8. POST-EMPLOYMENT BENEFITS: DEFINED CONTRIBUTION PLANS

            1. 43. . . . . . . . . . ....

            2. Recognition and measurement

              1. 44. When an employee has rendered service to an enterprise during...

              2. 45. . . . . . . . . . ....

            3. Disclosure

              1. 46. . . . . . . . . . ....

              2. 47. . . . . . . . . . ....

          9. POST-EMPLOYMENT BENEFITS: DEFINED BENEFIT PLANS

            1. 48. . . . . . . . . . ....

            2. Recognition and measurement

              1. 49. . . . . . . . . . ....

              2. 50. Accounting by an enterprise for defined benefit plans involves the...

              3. 51. . . . . . . . . . ....

              4. Accounting for the constructive obligation

                1. 52. . . . . . . . . . ....

                2. 53. . . . . . . . . . ....

              5. Balance sheet

                1. 54. The amount recognised as a defined benefit liability should be...

                2. 55. . . . . . . . . . ....

                3. 56. . . . . . . . . . ....

                4. 57. . . . . . . . . . ....

                5. 58. The amount determined under paragraph 54 may be negative (an...

                6. 58A. The application of paragraph 58 should not result in a...

                7. 58B. . . . . . . . . . ....

                8. 59. An asset may arise where a defined benefit plan has...

                9. 60. The limit in paragraph 58(b) does not over-ride the delayed...

                  1. Example illustrating paragraph 60

              6. Profit or loss

                1. 61. An entity shall recognise the net total of the following...

                2. 62. . . . . . . . . . ....

            3. Recognition and measurement: present value of defined benefit obligations and...

              1. 63. The ultimate cost of a defined benefit plan may be...

              2. Actuarial valuation method

                1. 64. . . . . . . . . . ....

                2. 65. . . . . . . . . . ....

                3. 66. An enterprise discounts the whole of a post-employment benefit obligation,...

                  1. Example illustrating paragraph 65

              3. Attributing benefit to periods of service

                1. 67. In determining the present value of its defined benefit obligations...

                2. 68. The projected unit credit method requires an enterprise to attribute...

                  1. Examples illustrating paragraph 68

                    1. 1. A defined benefit plan provides a lump-sum benefit of 100...

                    2. 2. A plan provides a monthly pension of 0,2 % of...

                3. 69. Employee service gives rise to an obligation under a defined...

                  1. Examples illustrating paragraph 69

                    1. 1. A plan pays a benefit of 100 for each year...

                    2. 2. A plan pays a benefit of 100 for each year...

                4. 70. The obligation increases until the date when further service by...

                  1. Examples illustrating paragraph 70

                    1. 1. A plan pays a lump-sum benefit of 1 000 that...

                    2. 2. A plan pays a lump-sum retirement benefit of 2 000...

                    3. 3. A post-employment medical plan reimburses 40 % of an employee's...

                    4. 4. A post-employment medical plan reimburses 10 % of an employee's...

                5. 71. Where the amount of a benefit is a constant proportion...

                  1. Example illustrating paragraph 71

              4. Actuarial assumptions

                1. 72. . . . . . . . . . ....

                2. 73. Actuarial assumptions are an enterprise's best estimates of the variables...

                3. 74. . . . . . . . . . ....

                4. 75. . . . . . . . . . ....

                5. 76. . . . . . . . . . ....

                6. 77. . . . . . . . . . ....

              5. Actuarial assumptions: discount rate

                1. 78. . . . . . . . . . ....

                2. 79. . . . . . . . . . ....

                3. 80. . . . . . . . . . ....

                4. 81. . . . . . . . . . ....

                5. 82. . . . . . . . . . ....

              6. Actuarial assumptions: salaries, benefits and medical costs

                1. 83. Post-employment benefit obligations should be measured on a basis that...

                2. 84. . . . . . . . . . ....

                3. 85. If the formal terms of a plan (or a constructive...

                4. 86. Actuarial assumptions do not reflect future benefit changes that are...

                5. 87. . . . . . . . . . ....

                6. 88. . . . . . . . . . ....

                7. 89. . . . . . . . . . ....

                8. 90. . . . . . . . . . ....

                9. 91. . . . . . . . . . ....

              7. Actuarial gains and losses

                1. 92. In measuring its defined benefit liability in accordance with paragraph...

                2. 93. . . . . . . . . . ....

                3. 93A. If, as permitted by paragraph 93, an entity adopts a...

                4. 93B. . . . . . . . . . ....

                5. 93C. . . . . . . . . . ....

                6. 93D. . . . . . . . . . ....

                7. 94. Actuarial gains and losses may result from increases or decreases...

                8. 95. . . . . . . . . . ....

              8. Past service cost

                1. 96. . . . . . . . . . ....

                2. 97. Past service cost arises when an enterprise introduces a defined...

                  1. Example illustrating paragraph 97

                3. 98. Past service cost excludes:

                4. 99. . . . . . . . . . ....

                5. 100. . . . . . . . . . ....

                6. 101. . . . . . . . . . ....

            4. Recognition and measurement: plan assets

              1. Fair value of plan assets

                1. 102. . . . . . . . . . ....

                2. 103. . . . . . . . . . ....

                3. 104. . . . . . . . . . ....

              2. Reimbursements

                1. 104A. . . . . . . . . . ....

                2. 104B. . . . . . . . . . ....

                3. 104C. When an insurance policy is not a qualifying insurance policy,...

                  1. Example illustrating paragraphs 104A-C

                4. 104D. . . . . . . . . . ....

              3. Return on plan assets

                1. 105. . . . . . . . . . ....

                2. 106. . . . . . . . . . ....

                3. 107. In determining the expected and actual return on plan assets,...

                  1. Example illustrating paragraph 106

            5. Business combinations

              1. 108. In a business combination that is an acquisition, an enterprise...

            6. Curtailments and settlements

              1. 109. An enterprise should recognise gains or losses on the curtailment...

              2. 110. . . . . . . . . . ....

              3. 111. A curtailment occurs when an enterprise either:

              4. 112. . . . . . . . . . ....

              5. 113. . . . . . . . . . ....

              6. 114. . . . . . . . . . ....

              7. 115. Where a curtailment relates to only some of the employees...

                1. Example illustrating paragraph 115

            7. Presentation

              1. Offset

                1. 116. An enterprise should offset an asset relating to one plan...

                2. 117. . . . . . . . . . ....

              2. Current/non-current distinction

                1. 118. . . . . . . . . . ....

              3. Financial components of post-employment benefit costs

                1. 119. . . . . . . . . . ....

            8. Disclosure

              1. 120. . . . . . . . . . ....

              2. 120A. An entity shall disclose the following information about defined benefit...

              3. 121. . . . . . . . . . ....

              4. 122. When an enterprise has more than one defined benefit plan,...

              5. 123. . . . . . . . . . ....

              6. 124. Where required by IAS 24, related party disclosures, an enterprise...

              7. 125. . . . . . . . . . ....

          10. OTHER LONG-TERM EMPLOYEE BENEFITS

            1. 126. Other long-term employee benefits include, for example:

            2. 127. The measurement of other long-term employee benefits is not usually...

            3. Recognition and measurement

              1. 128. The amount recognised as a liability for other long-term employee...

              2. 129. For other long-term employee benefits, an enterprise should recognise the...

              3. 130. . . . . . . . . . ....

            4. Disclosure

              1. 131. . . . . . . . . . ....

          11. TERMINATION BENEFITS

            1. 132. . . . . . . . . . ....

            2. Recognition

              1. 133. An enterprise should recognise termination benefits as a liability and...

              2. 134. An enterprise is demonstrably committed to a termination when, and...

              3. 135. An enterprise may be committed, by legislation, by contractual or...

              4. 136. . . . . . . . . . ....

              5. 137. . . . . . . . . . ....

              6. 138. . . . . . . . . . ....

            3. Measurement

              1. 139. . . . . . . . . . ....

              2. 140. . . . . . . . . . ....

            4. Disclosure

              1. 141. . . . . . . . . . ....

              2. 142. . . . . . . . . . ....

              3. 143. . . . . . . . . . ....

          12. EQUITY COMPENSATION BENEFITS

            1. 144. Equity compensation benefits include benefits in such forms as:

            2. Recognition and measurement

              1. 145. . . . . . . . . . ....

            3. Disclosure

              1. 146. The disclosures required below are intended to enable users of...

              2. 147. An enterprise should disclose:

              3. 148. An enterprise should also disclose:

              4. 149. . . . . . . . . . ....

              5. 150. . . . . . . . . . ....

              6. 151. The disclosures required by paragraphs 147 and 148 are intended...

              7. 152. . . . . . . . . . ....

          13. TRANSITIONAL PROVISIONS

            1. 153. . . . . . . . . . ....

            2. 154. On first adopting this Standard, an enterprise should determine its...

            3. 155. If the transitional liability is more than the liability that...

            4. 156. On the initial adoption of the Standard, the effect of...

              1. Example illustrating paragraphs 154 to 156

          14. EFFECTIVE DATE

            1. 157. . . . . . . . . . ....

            2. 158. . . . . . . . . . ....

            3. 159. The following become operative for annual financial statements covering periods...

            4. 159A. . . . . . . . . . ....

            5. 159B. . . . . . . . . . ....

            6. 159C. . . . . . . . . . ....

            7. 160. . . . . . . . . . ....

        2. APPENDIX F Amendments to other Standards

            1. A1. . . . . . . . . . ....

              1. 96. . . . . . . . . . ....

            2. A2. . . . . . . . . . ....

              1. 20. . . . . . . . . . ....

            3. A3. . . . . . . . . . ....

              1. 20A. . . . . . . . . . ....

      20. INTERNATIONAL ACCOUNTING STANDARD IAS 20 (REFORMATTED 1994)

        1. Accounting for government grants and disclosure of government assistance

          1. CONTENTS

          2. SCOPE

            1. 1. . . . . . . . . . ....

            2. 2. This Standard does not deal with:

          3. DEFINITIONS

            1. 3. The following terms are used in this Standard with the...

            2. 4. . . . . . . . . . ....

            3. 5. . . . . . . . . . ....

            4. 6. . . . . . . . . . ....

          4. GOVERNMENT GRANTS

            1. 7. Government grants, including non-monetary grants at fair value, should not...

            2. 8. . . . . . . . . . ....

            3. 9. . . . . . . . . . ....

            4. 10. . . . . . . . . . ....

            5. 11. . . . . . . . . . ....

            6. 12. . . . . . . . . . ....

            7. 13. . . . . . . . . . ....

            8. 14. Those in support of the capital approach argue as follows:...

            9. 15. Arguments in support of the income approach are as follows:...

            10. 16. . . . . . . . . . ....

            11. 17. . . . . . . . . . ....

            12. 18. . . . . . . . . . ....

            13. 19. . . . . . . . . . ....

            14. 20. . . . . . . . . . ....

            15. 21. . . . . . . . . . ....

            16. 22. . . . . . . . . . ....

            17. Non-monetary government grants

              1. 23. . . . . . . . . . ....

            18. Presentation of grants related to assets

              1. 24. . . . . . . . . . ....

              2. 25. . . . . . . . . . ....

              3. 26. . . . . . . . . . ....

              4. 27. . . . . . . . . . ....

              5. 28. . . . . . . . . . ....

            19. Presentation of grants related to income

              1. 29. . . . . . . . . . ....

              2. 30. . . . . . . . . . ....

              3. 31. . . . . . . . . . ....

            20. Repayment of government grants

              1. 32. . . . . . . . . . ....

              2. 33. . . . . . . . . . ....

          5. GOVERNMENT ASSISTANCE

            1. 34. . . . . . . . . . ....

            2. 35. . . . . . . . . . ....

            3. 36. . . . . . . . . . ....

            4. 37. . . . . . . . . . ....

            5. 38. . . . . . . . . . ....

          6. DISCLOSURE

            1. 39. The following matters should be disclosed:

          7. TRANSITIONAL PROVISIONS

            1. 40. An enterprise adopting the Standard for the first time should:...

          8. EFFECTIVE DATE

            1. 41. . . . . . . . . . ....

      21. INTERNATIONAL ACCOUNTING STANDARD 21 The Effects of Changes in Foreign Exchange Rates

        2. OBJECTIVE

        3. SCOPE

        4. DEFINITIONS

          1. Elaboration on the Definitions

            1. Functional Currency

            2. Net Investment in a Foreign Operation

            3. Monetary Items

        5. SUMMARY OF THE APPROACH REQUIRED BY THIS STANDARD

        6. REPORTING FOREIGN CURRENCY TRANSACTIONS IN THE FUNCTIONAL CURRENCY

          1. Initial Recognition

          2. Reporting at Subsequent Balance Sheet Dates

          3. Recognition of Exchange Differences

          4. Change in Functional Currency

        7. USE OF A PRESENTATION CURRENCY OTHER THAN THE FUNCTIONAL CURRENCY...

          1. Translation to the Presentation Currency

          2. Translation of a Foreign Operation

          3. Disposal of a Foreign Operation

        8. TAX EFFECTS OF ALL EXCHANGE DIFFERENCES

        9. DISCLOSURE

        10. EFFECTIVE DATE AND TRANSITION

        11. WITHDRAWAL OF OTHER PRONOUNCEMENTS

      22. APPENDIX Amendments to Other Pronouncements

      23. INTERNATIONAL FINANCIAL REPORTING STANDARD 3 Business combinations

        1. OBJECTIVE

        2. SCOPE

          2. Identifying a business combination

          3. Business combinations involving entities under common control

        3. METHOD OF ACCOUNTING

        4. APPLICATION OF THE PURCHASE METHOD

          2. Identifying the acquirer

          3. Cost of a business combination

            2. Adjustments to the cost of a business combination contingent on...

          4. Allocating the cost of a business combination to the assets...

            2. Acquiree’s identifiable assets and liabilities

            3. Acquiree’s intangible assets

            4. Acquiree’s contingent liabilities

            5. Goodwill

            6. Excess of acquirer’s interest in the net fair value of...

            7. Business combination achieved in stages

          5. Initial accounting determined provisionally

            2. Adjustments after the initial accounting is complete

            3. Recognition of deferred tax assets after the initial accounting is...

        5. DISCLOSURE

        6. TRANSITIONAL PROVISIONS AND EFFECTIVE DATE

          2. Previously recognised goodwill

          3. Previously recognised negative goodwill

          4. Previously recognised intangible assets

          5. Equity accounted investments

          6. Limited retrospective application

        7. WITHDRAWAL OF OTHER PRONOUNCEMENTS

      24. APPENDIX A Defined terms

      25. APPENDIX B Application supplement

        1. Reverse acquisitions

          2. Cost of the business combination

          3. Preparation and presentation of consolidated financial statements

          4. Minority interest

          5. Earnings per share

        2. Allocating the cost of a business combination

      26. APPENDIX C Amendments to other IFRSs

      27. INTERNATIONAL FINANCIAL REPORTING STANDARD 4 Insurance contracts

        1. OBJECTIVE

        2. SCOPE

          1. Embedded derivatives

          2. Unbundling of deposit components

        3. RECOGNITION AND MEASUREMENT

          1. Temporary exemption from some other IFRSs

            1. Liability adequacy test

            2. Impairment of reinsurance assets

          2. Changes in accounting policies

            1. Current market interest rates

            2. Continuation of existing practices

            3. Prudence

            4. Future investment margins

            5. Shadow accounting

          3. Insurance contracts acquired in a business combination or portfolio transfer...

          4. Discretionary participation features

            1. Discretionary participation features in insurance contracts

            2. Discretionary participation features in financial instruments

        4. DISCLOSURE

          1. Explanation of recognised amounts

          2. Amount, timing and uncertainty of cash flows

        5. EFFECTIVE DATE AND TRANSITION

          1. Disclosure

          2. Redesignation of financial assets

      28. APPENDIX A Defined terms

      29. APPENDIX B Definition of an insurance contract

        3. Uncertain future event

        4. Payments in kind

        5. Distinction between insurance risk and other risks

        6. Examples of insurance contracts

        7. Significant insurance risk

        8. Changes in the level of insurance risk

      30. APPENDIX C Amendments to other IFRSs

        2. Amendments to IAS 32 and IAS 39

        3. Amendments to other IFRSs

      31. INTERNATIONAL ACCOUNTING STANDARD IAS 23 (REVISED 1993)

        1. Borrowing costs

          1. CONTENTS

          2. OBJECTIVE

          3. SCOPE

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. . . . . . . . . . ....

          4. DEFINITIONS

            1. 4. The following terms are used in this Standard with the...

            2. 5. Borrowing costs may include:

            3. 6. . . . . . . . . . ....

          5. BORROWING COSTS — BENCHMARK TREATMENT

            1. Recognition

              1. 7. . . . . . . . . . ....

              2. 8. . . . . . . . . . ....

            2. Disclosure

              1. 9. . . . . . . . . . ....

          6. BORROWING COSTS — ALLOWED ALTERNATIVE TREATMENT

            1. Recognition

              1. 10. . . . . . . . . . ....

              2. 11. . . . . . . . . . ....

              3. 12. . . . . . . . . . ....

              4. Borrowing costs eligible for capitalisation

                1. 13. . . . . . . . . . ....

                2. 14. . . . . . . . . . ....

                3. 15. . . . . . . . . . ....

                4. 16. . . . . . . . . . ....

                5. 17. . . . . . . . . . ....

                6. 18. . . . . . . . . . ....

              5. Excess of the carrying amount of the qualifying asset over...

                1. 19. . . . . . . . . . ....

              6. Commencement of capitalisation

                1. 20. The capitalisation of borrowing costs as part of the cost...

                2. 21. . . . . . . . . . ....

                3. 22. . . . . . . . . . ....

              7. Suspension of capitalisation

                1. 23. . . . . . . . . . ....

                2. 24. . . . . . . . . . ....

              8. Cessation of capitalisation

                1. 25. . . . . . . . . . ....

                2. 26. . . . . . . . . . ....

                3. 27. . . . . . . . . . ....

                4. 28. . . . . . . . . . ....

          7. DISCLOSURE

            1. 29. The financial statements should disclose:

          8. TRANSITIONAL PROVISIONS

            1. 30. . . . . . . . . . ....

          9. EFFECTIVE DATE

            1. 31. . . . . . . . . . ....

      32. INTERNATIONAL ACCOUNTING STANDARD 24 Related Party Disclosures

        2. OBJECTIVE

        3. SCOPE

        4. PURPOSE OF RELATED PARTY DISCLOSURES

        5. DEFINITIONS

        6. DISCLOSURE

        7. EFFECTIVE DATE

        8. WITHDRAWAL OF IAS 24 (REFORMATTED 1994)

      33. APPENDIX Amendment to IAS 30

      34. INTERNATIONAL ACCOUNTING STANDARD IAS 26 (REFORMATTED 1994)

        1. Accounting and reporting by retirement benefit plans

          1. CONTENTS

          2. SCOPE

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. . . . . . . . . . ....

            4. 4. . . . . . . . . . ....

            5. 5. . . . . . . . . . ....

            6. 6. . . . . . . . . . ....

            7. 7. . . . . . . . . . ....

          3. DEFINITIONS

            1. 8. The following terms are used in this Standard with the...

            2. 9. . . . . . . . . . ....

            3. 10. . . . . . . . . . ....

            4. 11. . . . . . . . . . ....

            5. 12. . . . . . . . . . ....

          4. DEFINED CONTRIBUTION PLANS

            1. 13. . . . . . . . . . ....

            2. 14. . . . . . . . . . ....

            3. 15. . . . . . . . . . ....

            4. 16. The objective of reporting by a defined contribution plan is...

          5. DEFINED BENEFIT PLANS

            1. 17. The report of a defined benefit plan should contain either:...

            2. 18. . . . . . . . . . ....

            3. 19. . . . . . . . . . ....

            4. 20. . . . . . . . . . ....

            5. 21. . . . . . . . . . ....

            6. 22. The objective of reporting by a defined benefit plan is...

            7. Actuarial present value of promised retirement benefits

              1. 23. . . . . . . . . . ....

              2. 24. The reasons given for adopting a current salary approach include:...

              3. 25. Reasons given for adopting a projected salary approach include:

              4. 26. . . . . . . . . . ....

            8. Frequency of actuarial valuations

              1. 27. . . . . . . . . . ....

            9. Report content

              1. 28. For defined benefit plans, information is presented in one of...

              2. 29. . . . . . . . . . ....

              3. 30. . . . . . . . . . ....

              4. 31. . . . . . . . . . ....

          6. ALL PLANS

            1. Valuation of plan assets

              1. 32. . . . . . . . . . ....

              2. 33. . . . . . . . . . ....

            2. Disclosure

              1. 34. The report of a retirement benefit plan, whether defined benefit...

              2. 35. Reports provided by retirement benefit plans include the following, if...

              3. 36. The report of a retirement benefit plan contains a description...

          7. EFFECTIVE DATE

            1. 37. . . . . . . . . . ....

      35. INTERNATIONAL ACCOUNTING STANDARD 27 Consolidated and Separate Financial Statements

        2. SCOPE

        3. DEFINITIONS

        4. PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS

        5. SCOPE OF CONSOLIDATED FINANCIAL STATEMENTS

        6. CONSOLIDATION PROCEDURES

        7. ACCOUNTING FOR INVESTMENTS IN SUBSIDIARIES, JOINTLY CONTROLLED ENTITIES AND ASSOCIATES...

        8. DISCLOSURE

        9. EFFECTIVE DATE

        10. WITHDRAWAL OF OTHER PRONOUNCEMENTS

      36. APPENDIX Amendments to Other Pronouncements

      37. INTERNATIONAL ACCOUNTING STANDARD 28 Investments in Associates

        2. SCOPE

        3. DEFINITIONS

          2. Significant Influence

          3. Equity Method

        4. APPLICATION OF THE EQUITY METHOD

          2. Impairment Losses

          3. Separate Financial Statements

        5. DISCLOSURE

        6. EFFECTIVE DATE

        7. WITHDRAWAL OF OTHER PRONOUNCEMENTS

      38. APPENDIX Amendments to Other Pronouncements

      39. INTERNATIONAL ACCOUNTING STANDARD IAS 29 (REFORMATTED 1994)

        1. Financial reporting in hyperinflationary economies

          1. CONTENTS

          2. SCOPE

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. This Standard does not establish an absolute rate at which...

            4. 4. . . . . . . . . . ....

          3. THE RESTATEMENT OF FINANCIAL STATEMENTS

            1. 5. . . . . . . . . . ....

            2. 6. . . . . . . . . . ....

            3. 7. . . . . . . . . . ....

            4. 8. . . . . . . . . . ....

            5. 9. . . . . . . . . . ....

            6. 10. . . . . . . . . . ....

            7. Historical cost financial statements

              1. Balance sheet

                1. 11. . . . . . . . . . ....

                2. 12. . . . . . . . . . ....

                3. 13. . . . . . . . . . ....

                4. 14. . . . . . . . . . ....

                5. 15. . . . . . . . . . ....

                6. 16. . . . . . . . . . ....

                7. 17. . . . . . . . . . ....

                8. 18. . . . . . . . . . ....

                9. 19. . . . . . . . . . ....

                10. 20. . . . . . . . . . ....

                11. 21. . . . . . . . . . ....

                12. 22. . . . . . . . . . ....

                13. 23. . . . . . . . . . ....

                14. 24. . . . . . . . . . ....

                15. 25. . . . . . . . . . ....

              2. Income statement

                1. 26. . . . . . . . . . ....

              3. Gain or loss on net monetary position

                1. 27. . . . . . . . . . ....

                2. 28. . . . . . . . . . ....

            8. Current cost financial statements

              1. Balance sheet

                1. 29. . . . . . . . . . ....

              2. Income statement

                1. 30. . . . . . . . . . ....

              3. Gain or loss on net monetary position

                1. 31. . . . . . . . . . ....

              4. Taxes

                1. 32. . . . . . . . . . ....

            9. Cash flow statement

              1. 33. . . . . . . . . . ....

            10. Corresponding figures

              1. 34. . . . . . . . . . ....

            11. Consolidated financial statements

              1. 35. . . . . . . . . . ....

              2. 36. . . . . . . . . . ....

            12. Selection and use of the general price index

              1. 37. . . . . . . . . . ....

          4. ECONOMIES CEASING TO BE HYPERINFLATIONARY

            1. 38. . . . . . . . . . ....

          5. DISCLOSURES

            1. 39. The following disclosures should be made:

            2. 40. . . . . . . . . . ....

          6. EFFECTIVE DATE

            1. 41. . . . . . . . . . ....

      40. INTERNATIONAL FINANCIAL REPORTING STANDARD 7 Financial Instruments: Disclosures

        1. OBJECTIVE

        2. SCOPE

        3. CLASSES OF FINANCIAL INSTRUMENTS AND LEVEL OF DISCLOSURE

        4. SIGNIFICANCE OF FINANCIAL INSTRUMENTS FOR FINANCIAL POSITION AND PERFORMANCE

          2. Balance sheet

            1. Categories of financial assets and financial liabilities

            2. Financial assets or financial liabilities at fair value through profit...

            3. Reclassification

            4. Derecognition

            5. Collateral

            6. Allowance account for credit losses

            7. Compound financial instruments with multiple embedded derivatives

            8. Defaults and breaches

          3. Income statement and equity

            1. Items of income, expense, gains or losses

          4. Other disclosures

            1. Accounting policies

            2. Hedge accounting

            3. Fair value

        5. NATURE AND EXTENT OF RISKS ARISING FROM FINANCIAL INSTRUMENTS

          2. Qualitative disclosures

          3. Quantitative disclosures

            2. Credit risk

              2. Financial assets that are either past due or impaired

              3. Collateral and other credit enhancements obtained

            3. Liquidity risk

            4. Market risk

              1. Sensitivity analysis

              2. Other market risk disclosures

        6. EFFECTIVE DATE AND TRANSITION

        7. WITHDRAWAL OF IAS 30

        8. APPENDIX A Defined terms

        9. APPENDIX B Application guidance

          2. CLASSES OF FINANCIAL INSTRUMENTS AND LEVEL OF DISCLOSURE (PARAGRAPH 6)...

          3. SIGNIFICANCE OF FINANCIAL INSTRUMENTS FOR FINANCIAL POSITION AND PERFORMANCE

            1. Financial liabilities at fair value through profit or loss (paragraphs...

            2. Other disclosure — accounting policies (paragraph 21)

          4. NATURE AND EXTENT OF RISKS ARISING FROM FINANCIAL INSTRUMENTS (PARAGRAPHS...

            2. Quantitative disclosures (paragraph 34)

            3. Maximum credit risk exposure (paragraph 36(a))

            4. Contractual maturity analysis (paragraph 39(a))

            5. Market risk — sensitivity analysis (paragraphs 40 and 41)

              2. Interest rate risk

              3. Currency risk

              4. Other price risk

        10. APPENDIX C Amendments to other IFRSs

        11. APPENDIX D Amendments to IFRS 7 if the Amendments to IAS 39...

      41. INTERNATIONAL ACCOUNTING STANDARD 31 Interests in Joint Ventures

        2. SCOPE

        3. DEFINITIONS

          2. Forms of Joint Venture

          3. Joint Control

          4. Contractual Arrangement

        4. JOINTLY CONTROLLED OPERATIONS

        5. JOINTLY CONTROLLED ASSETS

        6. JOINTLY CONTROLLED ENTITIES

          2. Financial Statements of a Venturer

            1. Proportionate Consolidation

            2. Equity Method

            3. Exceptions to Proportionate Consolidation and Equity Method

          3. Separate Financial Statements of a Venturer

        7. TRANSACTIONS BETWEEN A VENTURER AND A JOINT VENTURE

        8. REPORTING INTERESTS IN JOINT VENTURES IN THE FINANCIAL STATEMENTS OF...

        9. OPERATORS OF JOINT VENTURES

        10. DISCLOSURE

        11. EFFECTIVE DATE

        12. WITHDRAWAL OF IAS 31 (REVISED 2000)

      42. APPENDIX Amendments to Other Pronouncements

      43. INTERNATIONAL ACCOUNTING STANDARD 32 Financial Instruments: Disclosure and Presentation

        2. OBJECTIVE

        3. SCOPE

        4. DEFINITIONS (see also paragraphs AG3-AG24)

        5. PRESENTATION

          1. Liabilities and Equity (see also paragraphs AG25-AG29)

            2. No Contractual Obligation to Deliver Cash or Another Financial Asset...

            3. Settlement in the Entity’s Own Equity Instruments (paragraph 16(b))

            4. Contingent Settlement Provisions

            5. Settlement Options

          2. Compound Financial Instruments (see also paragraphs AG30-AG35 and Illustrative Examples...

          3. Treasury Shares (see also paragraph AG36)

          4. Interest, Dividends, Losses and Gains (see also paragraph AG37)

          5. Offsetting a Financial Asset and a Financial Liability (see also...

        6. DISCLOSURE

          2. Format, Location and Classes of Financial Instruments

          3. Risk Management Policies and Hedging Activities

          4. Terms, Conditions and Accounting Policies

          5. Interest Rate Risk

          6. Credit Risk

          7. Fair Value

          8. Other Disclosures

            1. Derecognition

            2. Collateral

            3. Compound financial instruments with multiple embedded derivatives

            4. Financial assets and financial liabilities at fair value through profit...

            5. Reclassification

            6. Income statement and equity

            7. Impairment

            8. Defaults and breaches

        7. EFFECTIVE DATE

        8. WITHDRAWAL OF OTHER PRONOUNCEMENTS

      44. APPENDIX A Application Guidance IAS 32 Financial Instruments: Disclosure and Presentation

        2. Definitions (paragraphs 11-14)

          1. Financial Assets and Financial Liabilities

          2. Equity Instruments

          3. Derivative Financial Instruments

          4. Contracts to Buy or Sell Non-Financial Items (paragraphs 8-10)

        3. Presentation

          1. Liabilities and Equity (paragraphs 15-27)

            1. No Contractual Obligation to Deliver Cash or Another Financial Asset...

            2. Settlement in the Entity’s Own Equity Instruments (paragraphs 21-24)

            3. Contingent Settlement Provisions (paragraph 25)

            4. Treatment in Consolidated Financial Statements

          2. Compound Financial Instruments (paragraphs 28-32)

          3. Treasury Shares (paragraphs 33 and 34)

          4. Interest, Dividends, Losses and Gains (paragraphs 35-41)

          5. Offsetting a Financial Asset and a Financial Liability (paragraphs 42-50)...

        4. Disclosure

          1. Financial Assets and Financial Liabilities at Fair Value Through Profit...

      45. INTERNATIONAL ACCOUNTING STANDARD 33 Earnings per Share

        2. OBJECTIVE

        3. SCOPE

        4. DEFINITIONS

        5. MEASUREMENT

          1. Basic Earnings per Share

            2. Earnings

            3. Shares

          2. Diluted Earnings per Share

            2. Earnings

            3. Shares

            4. Dilutive Potential Ordinary Shares

              2. Options, warrants and their equivalents

              3. Convertible instruments

              4. Contingently issuable shares

              5. Contracts that may be settled in ordinary shares or cash...

              6. Purchased options

              7. Written put options

        6. RETROSPECTIVE ADJUSTMENTS

        7. PRESENTATION

        8. DISCLOSURE

        9. EFFECTIVE DATE

        10. WITHDRAWAL OF OTHER PRONOUNCEMENTS

      46. APPENDIX A Application Guidance

        1. Profit or Loss Attributable to the Parent Entity

        2. Rights Issues

        3. Control Number

        4. Average Market Price of Ordinary Shares

        5. Options, Warrants and Their Equivalents

        6. Written Put Options

        7. Instruments of Subsidiaries, Joint Ventures or Associates

        8. Participating Equity Instruments and Two-Class Ordinary Shares . . . . . . . . . ....

        9. Partly Paid Shares . . . . . . . . . ....

      47. APPENDIX B Amendments to Other Pronouncements

      48. INTERNATIONAL ACCOUNTING STANDARD IAS 34

        1. Interim financial reporting

          1. INTRODUCTION

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. . . . . . . . . . ....

            4. 4. This Standard:

            5. 5. . . . . . . . . . ....

            6. 6. . . . . . . . . . ....

            7. 7. . . . . . . . . . ....

            8. 8. . . . . . . . . . ....

            9. 9. . . . . . . . . . ....

          2. CONTENTS

          3. OBJECTIVE

          4. SCOPE

            1. 1. This Standard does not mandate which enterprises should be required...

            2. 2. . . . . . . . . . ....

            3. 3. . . . . . . . . . ....

          5. DEFINITIONS

            1. 4. The following terms are used in this Standard with the...

          6. CONTENT OF AN INTERIM FINANCIAL REPORT

            1. 5. IAS 1 defines a complete set of financial statements as...

            2. 6. . . . . . . . . . ....

            3. 7. . . . . . . . . . ....

            4. Minimum components of an interim financial report

              1. 8. An interim financial report should include, at a minimum, the...

            5. Form and content of interim financial statements

              1. 9. . . . . . . . . . ....

              2. 10. . . . . . . . . . ....

              3. 11. . . . . . . . . . ....

              4. 12. . . . . . . . . . ....

              5. 13. . . . . . . . . . ....

              6. 14. . . . . . . . . . ....

            6. Selected explanatory notes

              1. 15. . . . . . . . . . ....

              2. 16. An enterprise should include the following information, as a minimum,...

              3. 17. Examples of the kinds of disclosures that are required by...

              4. 18. . . . . . . . . . ....

            7. Disclosure of compliance with IAS

              1. 19. . . . . . . . . . ....

            8. Periods for which interim financial statements are required to be...

              1. 20. Interim reports should include interim financial statements (condensed or complete)...

              2. 21. . . . . . . . . . ....

              3. 22. . . . . . . . . . ....

            9. Materiality

              1. 23. . . . . . . . . . ....

              2. 24. . . . . . . . . . ....

              3. 25. . . . . . . . . . ....

          7. DISCLOSURE IN ANNUAL FINANCIAL STATEMENTS

            1. 26. . . . . . . . . . ....

            2. 27. . . . . . . . . . ....

          8. RECOGNITION AND MEASUREMENT

            1. Same accounting policies as annual

              1. 28. . . . . . . . . . ....

              2. 29. . . . . . . . . . ....

              3. 30. To illustrate:

              4. 31. . . . . . . . . . ....

              5. 32. . . . . . . . . . ....

              6. 33. . . . . . . . . . ....

              7. 34. . . . . . . . . . ....

              8. 35. . . . . . . . . . ....

              9. 36. . . . . . . . . . ....

            2. Revenues received seasonally, cyclically, or occasionally

              1. 37. . . . . . . . . . ....

              2. 38. . . . . . . . . . ....

            3. Costs incurred unevenly during the financial year

              1. 39. . . . . . . . . . ....

            4. Applying the recognition and measurement principles

              1. 40. . . . . . . . . . ....

            5. Use of estimates

              1. 41. . . . . . . . . . ....

              2. 42. . . . . . . . . . ....

          9. RESTATEMENT OF PREVIOUSLY REPORTED INTERIM PERIODS

            1. 43. A change in accounting policy, other than one for which...

            2. 44. . . . . . . . . . ....

            3. 45. . . . . . . . . . ....

          10. EFFECTIVE DATE

            1. 46. . . . . . . . . . ....

      49. INTERNATIONAL FINANCIAL REPORTING STANDARD 5 Non-current assets held for sale and discontinued operations

        1. OBJECTIVE

        2. SCOPE

        3. CLASSIFICATION OF NON-CURRENT ASSETS (OR DISPOSAL GROUPS) AS HELD FOR...

          2. Non-current assets that are to be abandoned

        4. MEASUREMENT OF NON-CURRENT ASSETS (OR DISPOSAL GROUPS) CLASSIFIED AS HELD...

          1. Measurement of a non-current asset(or disposal group)

          2. Recognition of impairment losses and reversals

          3. Changes to a plan of sale

        5. PRESENTATION AND DISCLOSURE

          2. Presenting discontinued operations

          3. Gains or losses relating to continuing operations

          4. Presentation of a non-current asset or disposal group classified as...

          5. Additional disclosures

        6. TRANSITIONAL PROVISIONS

        7. EFFECTIVE DATE

        8. WITHDRAWAL OF IAS 35

      50. APPENDIX A Defined terms

      51. APPENDIX B Application supplement

        1. EXTENSION OF THE PERIOD REQUIRED TO COMPLETE A SALE

      52. APPENDIX C Amendments to other IFRSs

      53. INTERNATIONAL ACCOUNTING STANDARD 36 Impairment of assets

        2. OBJECTIVE

        3. SCOPE

        4. DEFINITIONS

        5. IDENTIFYING AN ASSET THAT MAY BE IMPAIRED

        6. MEASURING RECOVERABLE AMOUNT

          2. Measuring the Recoverable Amount of an Intangible Asset with an...

          3. Fair Value less Costs to Sell

          4. Value in Use

            2. Basis for Estimates of Future Cash Flows

            3. Composition of Estimates of Future Cash Flows

            4. Foreign Currency Future Cash Flows

            5. Discount Rate

        7. RECOGNISING AND MEASURING AN IMPAIRMENT LOSS

        8. CASH-GENERATING UNITS AND GOODWILL

          2. identifying the cash-generating unit to which an asset belongs

          3. Recoverable Amount and Carrying Amount of a Cash-generating Unit

            2. Goodwill

              1. Allocating Goodwill to Cash-generating Units

              2. Testing Cash-generating Units with Goodwill for Impairment

              3. Minority Interest

              4. Timing of Impairment Tests

            3. Corporate Assets

          4. Impairment Loss for a Cash-generating Unit

        9. REVERSING AN IMPAIRMENT LOSS

          2. Reversing an Impairment Loss for an Individual Asset

          3. Reversing an Impairment Loss for a Cash-generating Unit

          4. Reversing an Impairment Loss for Goodwill

        10. DISCLOSURE

          2. Estimates used to Measure Recoverable Amounts of Cash-generating Units Containing...

        11. TRANSITIONAL PROVISIONS AND EFFECTIVE DATE

        12. WITHDRAWAL OF IAS 36 (ISSUED 1998)

      54. APPENDIX A Using PresentValue Techniques to Measure Value in Use

        2. The Components of a Present Value Measurement

        3. General Principles

        4. Traditional and Expected Cash Flow Approaches to Present Value

          1. Traditional Approach

          2. Expected Cash Flow Approach

        5. Discount Rate

      55. APPENDIX B Amendment to IAS 16

      56. INTERNATIONAL ACCOUNTING STANDARD IAS 37

        1. Provisions, contingent liabilities and contingent assets

          1. INTRODUCTION

            1. 1. IAS 37 prescribes the accounting and disclosure for all provisions,...

            2. Provisions

              1. 2. The Standard defines provisions as liabilities of uncertain timing or...

              2. 3. The Standard defines a constructive obligation as an obligation that...

              3. 4. . . . . . . . . . ....

              4. 5. . . . . . . . . . ....

              5. 6. The Standard requires that an enterprise should, in measuring a...

              6. 7. An enterprise may expect reimbursement of some or all of...

              7. 8. . . . . . . . . . ....

              8. 9. . . . . . . . . . ....

            3. Provisions — specific applications

              1. 10. . . . . . . . . . ....

              2. 11. . . . . . . . . . ....

              3. 12. . . . . . . . . . ....

              4. 13. The Standard defines a restructuring as a programme that is...

              5. 14. A provision for restructuring costs is recognised only when the...

              6. 15. A management or board decision to restructure does not give...

              7. 16. . . . . . . . . . ....

              8. 17. A restructuring provision should include only the direct expenditures arising...

            4. Contingent liabilities

              1. 18. The Standard supersedes the parts of IAS 10, contingencies and...

              2. 19. . . . . . . . . . ....

            5. Contingent assets

              1. 20. . . . . . . . . . ....

              2. 21. . . . . . . . . . ....

              3. 22. . . . . . . . . . ....

            6. Effective date

              1. 23. . . . . . . . . . ....

          2. CONTENTS

          3. OBJECTIVE

          4. SCOPE

            1. 1. This Standard should be applied by all enterprises in accounting...

            2. 2. . . . . . . . . . ....

            3. 3. . . . . . . . . . ....

            4. 4. . . . . . . . . . ....

            5. 5. Where another International Accounting Standard deals with a specific type...

            6. 6. . . . . . . . . . ....

            7. 7. . . . . . . . . . ....

            8. 8. . . . . . . . . . ....

            9. 9. . . . . . . . . . ....

          5. DEFINITIONS

            1. 10. The following terms are used in this Standard with the...

            2. Provisions and other liabilities

              1. 11. Provisions can be distinguished from other liabilities such as trade...

            3. Relationship between provisions and contingent liabilities

              1. 12. . . . . . . . . . ....

              2. 13. This Standard distinguishes between:

          6. RECOGNITION

            1. Provisions

              1. 14. A provision should be recognised when:

              2. Present obligation

                1. 15. . . . . . . . . . ....

                2. 16. In almost all cases it will be clear whether a...

              3. Past event

                1. 17. A past event that leads to a present obligation is...

                2. 18. . . . . . . . . . ....

                3. 19. . . . . . . . . . ....

                4. 20. . . . . . . . . . ....

                5. 21. . . . . . . . . . ....

                6. 22. . . . . . . . . . ....

              4. Probable outflow of resources embodying economic benefits

                1. 23. . . . . . . . . . ....

                2. 24. . . . . . . . . . ....

              5. Reliable estimate of the obligation

                1. 25. . . . . . . . . . ....

                2. 26. . . . . . . . . . ....

            2. Contingent liabilities

              1. 27. . . . . . . . . . ....

              2. 28. . . . . . . . . . ....

              3. 29. . . . . . . . . . ....

              4. 30. . . . . . . . . . ....

            3. Contingent assets

              1. 31. . . . . . . . . . ....

              2. 32. . . . . . . . . . ....

              3. 33. . . . . . . . . . ....

              4. 34. . . . . . . . . . ....

              5. 35. . . . . . . . . . ....

          7. MEASUREMENT

            1. Best estimate

              1. 36. . . . . . . . . . ....

              2. 37. . . . . . . . . . ....

              3. 38. . . . . . . . . . ....

              4. 39. . . . . . . . . . ....

              5. Example

              6. 40. . . . . . . . . . ....

              7. 41. . . . . . . . . . ....

            2. Risks and uncertainties

              1. 42. . . . . . . . . . ....

              2. 43. . . . . . . . . . ....

              3. 44. . . . . . . . . . ....

            3. Present value

              1. 45. . . . . . . . . . ....

              2. 46. . . . . . . . . . ....

              3. 47. . . . . . . . . . ....

            4. Future events

              1. 48. . . . . . . . . . ....

              2. 49. . . . . . . . . . ....

              3. 50. . . . . . . . . . ....

            5. Expected disposal of assets

              1. 51. . . . . . . . . . ....

              2. 52. . . . . . . . . . ....

          8. REIMBURSEMENTS

            1. 53. . . . . . . . . . ....

            2. 54. . . . . . . . . . ....

            3. 55. . . . . . . . . . ....

            4. 56. . . . . . . . . . ....

            5. 57. . . . . . . . . . ....

            6. 58. . . . . . . . . . ....

          9. CHANGES IN PROVISIONS

            1. 59. . . . . . . . . . ....

            2. 60. . . . . . . . . . ....

          10. USE OF PROVISIONS

            1. 61. . . . . . . . . . ....

            2. 62. . . . . . . . . . ....

          11. APPLICATION OF THE RECOGNITION AND MEASUREMENT RULES

            1. Future operating losses

              1. 63. . . . . . . . . . ....

              2. 64. . . . . . . . . . ....

              3. 65. . . . . . . . . . ....

            2. Onerous contracts

              1. 66. . . . . . . . . . ....

              2. 67. . . . . . . . . . ....

              3. 68. . . . . . . . . . ....

              4. 69. . . . . . . . . . ....

            3. Restructuring

              1. 70. The following are examples of events that may fall under...

              2. 71. . . . . . . . . . ....

              3. 72. A constructive obligation to restructure arises only when an enterprise:...

              4. 73. . . . . . . . . . ....

              5. 74. . . . . . . . . . ....

              6. 75. A management or board decision to restructure taken before the...

              7. 76. . . . . . . . . . ....

              8. 77. . . . . . . . . . ....

              9. 78. . . . . . . . . . ....

              10. 79. . . . . . . . . . ....

              11. 80. A restructuring provision should include only the direct expenditures arising...

              12. 81. A restructuring provision does not include such costs as:

              13. 82. . . . . . . . . . ....

              14. 83. . . . . . . . . . ....

          12. DISCLOSURE

            1. 84. For each class of provision, an enterprise should disclose:

            2. 85. An enterprise should disclose the following for each class of...

            3. 86. Unless the possibility of any outflow in settlement is remote,...

            4. 87. . . . . . . . . . ....

            5. 88. . . . . . . . . . ....

            6. 89. . . . . . . . . . ....

            7. 90. . . . . . . . . . ....

            8. 91. . . . . . . . . . ....

            9. 92. . . . . . . . . . ....

          13. TRANSITIONAL PROVISIONS

            1. 93. . . . . . . . . . ....

            2. 94. . . . . . . . . . ....

          14. EFFECTIVE DATE

            1. 95. . . . . . . . . . ....

            2. 96. . . . . . . . . . ....

      57. INTERNATIONAL ACCOUNTING STANDARD 38 Intangible assets

        2. OBJECTIVE

        3. SCOPE

        4. DEFINITIONS

          2. Intangible Assets

            2. Identifiability

            3. Control

            4. Future Economic Benefits

        5. RECOGNITION AND MEASUREMENT

          2. Separate Acquisition

          3. Acquisition as Part of a Business Combination

            2. Measuring the Fair Value of an Intangible Asset Acquired in...

            3. Subsequent Expenditure on an Acquired In-process Research and Development Project...

          4. Acquisition by way of a Government Grant

          5. Exchanges of Assets

          6. Internally Generated Goodwill

          7. Internally Generated Intangible Assets

            2. Research Phase

            3. Development Phase

            4. Cost of an Internally Generated Intangible Asset

        6. RECOGNITION OF AN EXPENSE

          2. Past Expenses not to be Recognised as an Asset

        7. MEASUREMENT AFTER RECOGNITION

          2. Cost Model

          3. Revaluation Model

        8. USEFUL LIFE

        9. INTANGIBLE ASSETS WITH FINITE USEFUL LIVES

          1. Amortisation Period and Amortisation Method

          2. Residual Value

          3. Review of Amortisation Period and Amortisation Method

        10. INTANGIBLE ASSETS WITH INDEFINITE USEFUL LIVES

          2. Review of Useful Life Assessment

        11. RECOVERABILITY OF THE CARRYING AMOUNT - IMPAIRMENT LOSSES

        12. RETIREMENTS AND DISPOSALS

        13. DISCLOSURE

          1. General

          2. Intangible Assets Measured after Recognition using the Revaluation Model

          3. Research and Development Expenditure

          4. Other Information

        14. TRANSITIONAL PROVISIONS AND EFFECTIVE DATE

          2. Exchanges of Similar Assets

          3. Early Application

        15. WITHDRAWAL OF IAS 38 (ISSUED 1998)

      58. INTERNATIONAL ACCOUNTING STANDARD 39 Financial Instruments: Recognition and Measurement

        2. OBJECTIVE

        3. SCOPE

        4. DEFINITIONS

        5. EMBEDDED DERIVATIVES

        6. RECOGNITION AND DERECOGNITION

          1. Initial Recognition

          2. Derecognition of a Financial Asset

            2. Transfers that Qualify for Derecognition (see paragraph 20(a) and (c)(i))

            3. Transfers that Do Not Qualify for Derecognition (see paragraph 20(b))

            4. Continuing Involvement in Transferred Assets (see paragraph 20(c)(ii))

            5. All Transfers

          3. Regular Way Purchase or Sale of a Financial Asset

          4. Derecognition of a Financial Liability

        7. MEASUREMENT

          1. Initial Measurement of Financial Assets and Financial Liabilities

          2. Subsequent Measurement of Financial Assets

          3. Subsequent Measurement of Financial Liabilities

          4. Fair Value Measurement Considerations

          5. Reclassifications

          6. Gains and Losses

          7. Impairment and Uncollectibility of Financial Assets

            2. Financial Assets Carried at Amortised Cost

            3. Financial Assets Carried at Cost

            4. Available-for-Sale Financial Assets

        8. HEDGING

          2. Hedging Instruments

            1. Qualifying Instruments

            2. Designation of Hedging Instruments

          3. Hedged Items

            1. Qualifying Items

            2. Designation of Financial Items as Hedged Items

            3. Designation of Non-Financial Items as Hedged Items

            4. Designation of Groups of Items as Hedged Items

          4. Hedge Accounting

            2. Fair Value Hedges

            3. Cash Flow Hedges

            4. Hedges of a Net Investment

        9. EFFECTIVE DATE AND TRANSITIONAL PROVISIONS

        10. WITHDRAWAL OF OTHER PRONOUNCEMENTS

      59. APPENDIX A Application Guidance

        2. Scope (paragraphs 2-7)

        3. Definitions (paragraphs 8-9)

          1. Effective Interest Rate

          2. Derivatives

          3. Transaction Costs

          4. Financial Assets and Financial Liabilities Held for Trading

          5. Held-to-Maturity Investments

          6. Loans and Receivables

        4. Embedded Derivatives (paragraphs 10-13)

        5. Recognition and Derecognition (paragraphs 14-42)

          1. Initial Recognition (paragraph 14)

          2. Derecognition of a Financial Asset (paragraphs 15-37)

            1. Transfers that Qualify for Derecognition

            2. Transfers that Do Not Qualify for Derecognition

            3. Continuing Involvement in Transferred Assets

            4. All Transfers

            5. Examples

          3. Regular Way Purchase or Sale of a Financial Asset (paragraph...

          4. Derecognition of a Financial Liability (paragraphs 39-42)

        6. Measurement (paragraphs 43-70)

          1. Initial Measurement of Financial Assets and Financial Liabilities (paragraph 43)...

          2. Subsequent Measurement of Financial Assets (paragraphs 45 and 46)

          3. Fair Value Measurement Considerations (paragraphs 48 and 49)

            1. Active Market: Quoted Price

            2. No Active Market: Valuation Technique

            3. No Active Market: Equity Instruments

            4. Inputs to Valuation Techniques

          4. Gains and Losses (paragraphs 55-57)

          5. Impairment and Uncollectibility of Financial Assets (paragraphs 58-70)

            1. Financial Assets Carried at Amortised Cost (paragraphs 63-65)

          6. Interest Income After Impairment Recognition

        7. Hedging (paragraphs 71-102)

          1. Hedging Instruments (paragraphs 72-77)

            1. Qualifying Instruments (paragraphs 72 and 73)

          2. Hedged Items (paragraphs 78-84)

            1. Qualifying Items (paragraphs 78-80)

            2. Designation of Financial Items as Hedged Items (paragraphs 81 and...

            3. Designation of Non-Financial Items as Hedged Items (paragraph 82)

            4. Designation of Groups of Items as Hedged Items (paragraphs 83...

          3. Hedge Accounting (paragraphs 85-102)

            1. Assessing Hedge Effectiveness

            2. Fair Value Hedge Accounting for a Portfolio Hedge of Interest...

      60. APPENDIX B Amendments to Other Pronouncements

        2. Amendments to IFRS 1

          2. APPENDIX A

        3. Amendments to IAS 12

        4. Amendments to IAS 18

        5. Amendments to IAS 19

        6. Amendments to IAS 30

        7. Amendments to IAS 32

        8. Amendments to IAS 36

        9. Amendments to IAS 37

        10. Amendments to SIC 27

      61. AMENDMENTS TO INTERNATIONAL ACCOUNTING STANDARD 39 Financial Instruments: Recognition and Measurement

        1. DEFINITIONS

          1. 9. . . . . . . . . . ....

            1. Definitions of Four Categories of Financial Instruments

        2. EMBEDDED DERIVATIVES

          1. 11A. . . . . . . . . . ....

          2. 12. . . . . . . . . . ....

          3. 13. . . . . . . . . . ....

        3. FAIR VALUE MEASUREMENT CONSIDERATIONS

          1. 48A. . . . . . . . . . ....

        4. EFFECTIVE DATE AND TRANSITION

          1. 105. . . . . . . . . . ....

            1. 105A. . . . . . . . . . ....

            2. 105B. . . . . . . . . . ....

            3. 105C. . . . . . . . . . ....

            4. 105D. . . . . . . . . . ....

      62. . . . . . . . . . ....

      63. APPENDIX A Application Guidance

        1. DEFINITIONS (paragraphs 8 and 9)

          1. Designation as at Fair Value through Profit or Loss

            1. AG4B. . . . . . . . . . ....

            2. AG4C. . . . . . . . . . ....

          2. Paragraph 9(b)(i): Designation eliminates or significantly reduces a measurement or...

            1. AG4D. . . . . . . . . . ....

            2. AG4E. . . . . . . . . . ....

            3. AG4F. . . . . . . . . . ....

            4. AG4G. . . . . . . . . . ....

          3. Paragraph 9(b)(ii): A group of financial assets, financial liabilities or...

            1. AG4H. . . . . . . . . . ....

            2. AG4I. . . . . . . . . . ....

            3. AG4J. . . . . . . . . . ....

            4. AG4K. . . . . . . . . . ....

        2. Instruments containing Embedded Derivatives

          1. AG33A. . . . . . . . . . ....

          2. AG33B. . . . . . . . . . ....

      64. INTERNATIONAL ACCOUNTING STANDARD 40 Investment Property

        2. OBJECTIVE

        3. SCOPE

        4. DEFINITIONS

        5. RECOGNITION

        6. MEASUREMENT AT RECOGNITION

        7. MEASUREMENT AFTER RECOGNITION

          1. Accounting Policy

          2. Fair Value Model

            2. Inability to Determine Fair Value Reliably

          3. Cost Model

        8. TRANSFERS

        9. DISPOSALS

        10. DISCLOSURE

          1. Fair Value Model and Cost Model

            2. Fair Value Model

            3. Cost Model

        11. TRANSITIONAL PROVISIONS

          1. Fair Value Model

          2. Cost Model

        12. EFFECTIVE DATE

        13. WITHDRAWAL OF IAS 40 (2000)

      65. INTERNATIONAL ACCOUNTING STANDARD IAS 41

        1. Agriculture

          1. INTRODUCTION

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. . . . . . . . . . ....

            4. 4. . . . . . . . . . ....

            5. 5. . . . . . . . . . ....

            6. 6. . . . . . . . . . ....

            7. 7. . . . . . . . . . ....

            8. 8. . . . . . . . . . ....

            9. 9. . . . . . . . . . ....

          2. CONTENTS

          3. OBJECTIVE

          4. SCOPE

            1. 1. This Standard should be applied to account for the following...

            2. 2. This Standard does not apply to:

            3. 3. . . . . . . . . . ....

            4. 4. . . . . . . . . . ....

          5. DEFINITIONS

            1. Agriculture-related definitions

              1. 5. The following terms are used in this Standard with the...

              2. 6. Agricultural activity covers a diverse range of activities; for example,...

              3. 7. Biological transformation results in the following types of outcomes:

            2. General definitions

              1. 8. The following terms are used in this Standard with the...

              2. 9. . . . . . . . . . ....

          6. RECOGNITION AND MEASUREMENT

            1. 10. An enterprise should recognise a biological asset or agricultural produce...

            2. 11. . . . . . . . . . ....

            3. 12. . . . . . . . . . ....

            4. 13. . . . . . . . . . ....

            5. 14. . . . . . . . . . ....

            6. 15. . . . . . . . . . ....

            7. 16. . . . . . . . . . ....

            8. 17. . . . . . . . . . ....

            9. 18. If an active market does not exist, an enterprise uses...

            10. 19. . . . . . . . . . ....

            11. 20. . . . . . . . . . ....

            12. 21. . . . . . . . . . ....

            13. 22. . . . . . . . . . ....

            14. 23. . . . . . . . . . ....

            15. 24. Cost may sometimes approximate fair value, particularly when:

            16. 25. . . . . . . . . . ....

            17. Gains and losses

              1. 26. . . . . . . . . . ....

              2. 27. . . . . . . . . . ....

              3. 28. . . . . . . . . . ....

              4. 29. . . . . . . . . . ....

            18. Inability to measure fair value reliably

              1. 30. . . . . . . . . . ....

              2. 31. . . . . . . . . . ....

              3. 32. . . . . . . . . . ....

              4. 33. . . . . . . . . . ....

          7. GOVERNMENT GRANTS

            1. 34. . . . . . . . . . ....

            2. 35. . . . . . . . . . ....

            3. 36. . . . . . . . . . ....

            4. 37. . . . . . . . . . ....

            5. 38. . . . . . . . . . ....

          8. PRESENTATION AND DISCLOSURE

            1. Presentation

              1. 39. . . . . . . . . . ....

            2. Disclosure

              1. General

                1. 40. . . . . . . . . . ....

                2. 41. . . . . . . . . . ....

                3. 42. . . . . . . . . . ....

                4. 43. . . . . . . . . . ....

                5. 44. . . . . . . . . . ....

                6. 45. . . . . . . . . . ....

                7. 46. If not disclosed elsewhere in information published with the financial...

                8. 47. . . . . . . . . . ....

                9. 48. . . . . . . . . . ....

                10. 49. An enterprise should disclose:

                11. 50. An enterprise should present a reconciliation of changes in the...

                12. 51. . . . . . . . . . ....

                13. 52. . . . . . . . . . ....

                14. 53. . . . . . . . . . ....

              2. Additional disclosures for biological assets where fair value cannot be...

                1. 54. If an enterprise measures biological assets at their cost less...

                2. 55. If, during the current period, an enterprise measures biological assets...

                3. 56. If the fair value of biological assets previously measured at...

              3. Government grants

                1. 57. An enterprise should disclose the following related to agricultural activity...

          9. EFFECTIVE DATE AND TRANSITION

            1. 58. . . . . . . . . . ....

            2. 59. . . . . . . . . . ....

      66. INTERNATIONAL FINANCIAL REPORTING STANDARD 2 Share-based Payment

        1. OBJECTIVE

        2. SCOPE

        3. RECOGNITION

        4. EQUITY-SETTLED SHARE-BASED PAYMENT TRANSACTIONS

          1. Overview

          2. Transactions in which services are received

          3. Transactions measured by reference to the fair value of the...

            1. Determining the fair value of equity instruments granted

            2. Treatment of vesting conditions

            3. Treatment of a reload feature

            4. After vesting date

            5. If the fair value of the equity instruments cannot be...

          4. Modifications to the terms and conditions on which equity instruments...

        5. CASH-SETTLED SHARE-BASED PAYMENT TRANSACTIONS

        6. SHARE-BASED PAYMENT TRANSACTIONS WITH CASH ALTERNATIVES

          1. Share-based payment transactions in which the terms of the arrangement...

          2. Share-based payment transactions in which the terms of the arrangement...

        7. DISCLOSURES

        8. TRANSITIONAL PROVISIONS

        9. EFFECTIVE DATE

        10. APPENDIX A Defined terms

        11. APPENDIX B Application Guidance

          2. Estimating the fair value of equity instruments granted

            1. Shares

            2. Share options

            3. Inputs to option pricing models

            4. Expected early exercise

            5. Expected volatility

              1. Newly listed entities

              2. Unlisted entities

            6. Expected dividends

            7. Risk-free interest rate

            8. Capital structure effects

          3. Modifications to equity-settled share-based payment arrangements

        12. APPENDIX C Amendments to other IFRSs

      67. INTERNATIONAL FINANCIAL REPORTING STANDARD 6 Exploration for and evaluation of mineral resources

        1. OBJECTIVE

          1. 1. . . . . . . . . . ....

          2. 2. In particular, the IFRS requires:

        2. SCOPE

          1. 3. . . . . . . . . . ....

          2. 4. . . . . . . . . . ....

          3. 5. An entity shall not apply the IFRS to expenditures incurred:...

        3. RECOGNITION OF EXPLORATION AND EVALUATION ASSETS Temporary exemption from IAS 8 paragraphs 11 and 12

          1. 6. . . . . . . . . . ....

          2. 7. . . . . . . . . . ....

        4. MEASUREMENT OF EXPLORATION AND EVALUATION ASSETS

          1. Measurement at recognition

            1. 8. . . . . . . . . . ....

          2. Elements of cost of exploration and evaluation assets

            1. 9. An entity shall determine a policy specifying which expenditures are...

            2. 10. . . . . . . . . . ....

            3. 11. . . . . . . . . . ....

          3. Measurement after recognition

            1. 12. . . . . . . . . . ....

          4. Changes in accounting policies

            1. 13. . . . . . . . . . ....

            2. 14. . . . . . . . . . ....

        5. PRESENTATION

          1. Classification of exploration and evaluation assets

            1. 15. . . . . . . . . . ....

            2. 16. . . . . . . . . . ....

          2. Reclassification of exploration and evaluation assets

            1. 17. . . . . . . . . . ....

        6. IMPAIRMENT

          1. Recognition and measurement

            1. 18. . . . . . . . . . ....

            2. 19. . . . . . . . . . ....

            3. 20. One or more of the following facts and circumstances indicate...

          2. Specifying the level at which exploration and evaluation assets are...

            1. 21. . . . . . . . . . ....

            2. 22. . . . . . . . . . ....

        7. DISCLOSURE

          1. 23. . . . . . . . . . ....

          2. 24. To comply with paragraph 23, an entity shall disclose:

          3. 25. . . . . . . . . . ....

        8. EFFECTIVE DATE

          1. 26. . . . . . . . . . ....

        9. TRANSITIONAL PROVISIONS

          1. 27. . . . . . . . . . ....

        10. APPENDIX A Defined terms

        11. APPENDIX B Amendments to other IFRSs

            1. B1. . . . . . . . . . ....

              1. Exemption from the requirement to provide comparative disclosures for IFRS...

                1. 36B . . . . . . . . . ....

            2. B2. . . . . . . . . . ....

              1. 3. . . . . . . . . . ....

            3. B3. . . . . . . . . . ....

              1. 2. . . . . . . . . . ....

      68. INTERNATIONAL FINANCIAL REPORTING STANDARDS 8 Operating Segments

        1. CORE PRINCIPLE

          1. 1. . . . . . . . . . ....

        2. SCOPE

          1. 2. This IFRS shall apply to:

          2. 3. . . . . . . . . . ....

          3. 4. . . . . . . . . . ....

        3. OPERATING SEGMENTS

          1. 5. An operating segment is a component of an entity:

          2. 6. . . . . . . . . . ....

          3. 7. . . . . . . . . . ....

          4. 8. . . . . . . . . . ....

          5. 9. . . . . . . . . . ....

          6. 10. . . . . . . . . . ....

        4. REPORTABLE SEGMENTS

          1. 11. An entity shall report separately information about each operating segment...

          2. Aggregation criteria

            1. 12. Operating segments often exhibit similar long-term financial performance if they...

          3. Quantitative thresholds

            1. 13. An entity shall report separately information about an operating segment...

            2. 14. . . . . . . . . . ....

            3. 15. . . . . . . . . . ....

            4. 16. . . . . . . . . . ....

            5. 17. . . . . . . . . . ....

            6. 18. . . . . . . . . . ....

            7. 19. . . . . . . . . . ....

        5. DISCLOSURE

          1. 20. . . . . . . . . . ....

          2. 21. To give effect to the principle in paragraph 20, an...

          3. General information

            1. 22. An entity shall disclose the following general information:

          4. Information about profit or loss, assets and liabilities

            1. 23. An entity shall report a measure of profit or loss...

            2. 24. An entity shall disclose the following about each reportable segment...

        6. MEASUREMENT

          1. 25. . . . . . . . . . ....

          2. 26. . . . . . . . . . ....

          3. 27. An entity shall provide an explanation of the measurements of...

          4. Reconciliations

            1. 28. An entity shall provide reconciliations of all of the following:...

          5. Restatement of previously reported information

            1. 29. . . . . . . . . . ....

            2. 30. . . . . . . . . . ....

        7. ENTITY-WIDE DISCLOSURES

          1. 31. . . . . . . . . . ....

          2. Information about products and services

            1. 32. . . . . . . . . . ....

          3. Information about geographical areas

            1. 33. An entity shall report the following geographical information, unless the...

          4. Information about major customers

            1. 34. . . . . . . . . . ....

        8. TRANSITION AND EFFECTIVE DATE

          1. 35. . . . . . . . . . ....

          2. 36. . . . . . . . . . ....

        9. WITHDRAWAL OF IAS 14

          1. 37. . . . . . . . . . ....

        10. APPENDIX A Defined term

        11. APPENDIX B Amendments to other IFRSs

          1. B1 References to IAS 14 Segment Reporting are amended to IFRS...

          2. B2 In IFRS 5 Non-current Assets Held for Sale and Discontinued...

          3. B3 In IFRS 6 Exploration for and Evaluation of Mineral Resources,...

          4. B4 In IAS 2 Inventories, paragraphs 26 and 29 are amended...

          5. B5 In IAS 7 Cash Flow Statements, paragraph 50 is amended...

          6. B6 In IAS 19 Employee Benefits, the example illustrating paragraph 115...

          7. B7 In IAS 33 Earnings per Share, paragraph 2 is replaced...

          8. B8 In IAS 34 Interim Financial Reporting, paragraph 16 is amended...

          9. B9 IAS 36 Impairment of Assets is amended as described below....

      69. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-1

        1. Consistency — different cost formulas for inventories

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

          2. Consensus

            1. 3. An enterprise should use the same cost formula for all...

      70. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-2

        1. Consistency — capitalisation of borrowing costs

          1. Issue

            1. 1. IAS 23.07 and 23.11 allow the choice of either:

            2. 2. . . . . . . . . . ....

          2. Consensus

            1. 3. Where an enterprise adopts the allowed alternative treatment, that treatment...

      71. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-3

        1. Elimination of unrealised profits and losses on transactions with associates...

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

          2. Consensus

            1. 3. . . . . . . . . . ....

            2. 4. Unrealised losses should not be eliminated to the extent that...

      72. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-6

        1. Costs of modifying existing software

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. The issues are:

            3. 3. . . . . . . . . . ....

          2. Consensus

            1. 4. . . . . . . . . . ....

          3. Disclosure

            1. 5. A need for major software modifications may give rise to...

      73. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-7

        1. Introduction of the euro

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

          2. Consensus

            1. 3. . . . . . . . . . ....

            2. 4. This means that, in particular:

      74. IFRS 1 — FIRST-TIME ADOPTION OF INTERNATIONAL FINANCIAL REPORTING STANDARD...

        1. INTRODUCTION

          1. Reasons for issuing the IFRS

            1. IN1. The IFRS replaces SIC-8 First-time Application of IASs as the...

          2. Main features of the IFRS

            1. IN2. . . . . . . . . . ....

            2. IN3. In general, the IFRS requires an entity to comply with...

            3. IN4. . . . . . . . . . ....

            4. IN5. . . . . . . . . . ....

            5. IN6. . . . . . . . . . ....

          3. Changes from previous requirements

            1. IN7. Like SIC-8, the IFRS requires retrospective application in most areas....

        2. INTERNATIONAL FINANCIAL REPORTING STANDARD 1

          1. First-time adoption of International Financial Reporting Standards

            1. OBJECTIVE

              1. 1. The objective of this IFRS is to ensure that an...

            2. SCOPE

              1. 2. An entity shall apply this IFRS in:

              2. 3. An entity's first IFRS financial statements are the first annual...

              3. 4. This IFRS applies when an entity first adopts IFRSs. It...

              4. 5. This IFRS does not apply to changes in accounting policies...

            3. RECOGNITION AND MEASUREMENT

              1. Opening IFRS balance sheet

                1. 6. . . . . . . . . . ....

              2. Accounting policies

                1. 7. . . . . . . . . . ....

                2. 8. . . . . . . . . . ....

                  1. Example: Consistent application of latest version of IFRSs

                    1. BACKGROUND

                    2. APPLICATION OF REQUIREMENTS

                3. 9. . . . . . . . . . ....

                4. 10. Except as described in paragraphs 13 to 34, an entity...

                5. 11. . . . . . . . . . ....

                6. 12. This IFRS establishes two categories of exceptions to the principle...

              3. Exemptions from other IFRSs

                1. 13. An entity may elect to use one or more of...

                2. 14. . . . . . . . . . ....

              4. Business combinations

                1. 15. . . . . . . . . . ....

              5. Fair value or revaluation as deemed cost

                1. 16. . . . . . . . . . ....

                2. 17. A first-time adopter may elect to use a previous GAAP...

                3. 18. The elections in paragraphs 16 and 17 are also available...

                4. 19. . . . . . . . . . ....

              6. Employee benefits

                1. 20. . . . . . . . . . ....

                2. 20A. . . . . . . . . . ....

              7. Cumulative translation differences

                1. 21. IAS 21 The Effects of Changes in Foreign Exchange Rates...

                2. 22. However, a first-time adopter need not comply with these requirements...

              8. Compound financial instruments

                1. 23. . . . . . . . . . ....

              9. Assets and liabilities of subsidiaries, associates and joint ventures

                1. 24. If a subsidiary becomes a first-time adopter later than its...

                2. 25. . . . . . . . . . ....

              10. LEASES

                1. IFRIC 4 Determining whether an arrangement contains a lease

                  1. 25F. . . . . . . . . . ....

              11. Exceptions to retrospective application of other IFRSs

                1. 26. This IFRS prohibits retrospective application of some aspects of other...

              12. Derecognition of financial assets and financial liabilities

                1. 27. A first-time adopter shall apply the derecognition requirements in IAS...

              13. Hedge accounting

                1. 28. As required by IAS 39 Financial Instruments: Recognition and Measurement,...

                2. 29. . . . . . . . . . ....

                3. 30. . . . . . . . . . ....

              14. Estimates

                1. 31. . . . . . . . . . ....

                2. 32. . . . . . . . . . ....

                3. 33. . . . . . . . . . ....

                4. 34. . . . . . . . . . ....

            4. PRESENTATION AND DISCLOSURE

              1. 35. . . . . . . . . . ....

              2. Comparative information

                1. 36. . . . . . . . . . ....

                2. Exemption from the requirement to present comparative information for IFRS...

                  1. 36B. . . . . . . . . . ....

                3. 37. Some entities present historical summaries of selected data for periods...

              3. Explanation of transition to IFRSs

                1. 38. . . . . . . . . . ....

              4. Reconciliations

                1. 39. To comply with paragraph 38, an entity's first IFRS financial...

                2. 40. . . . . . . . . . ....

                3. 41. . . . . . . . . . ....

                4. 42. . . . . . . . . . ....

                5. 43. . . . . . . . . . ....

              5. Use of fair value as deemed cost

                1. 44. If an entity uses fair value in its opening IFRS...

              6. Interim financial reports

                1. 45. To comply with paragraph 38, if an entity presents an...

                2. 46. . . . . . . . . . ....

            5. EFFECTIVE DATE

              1. 47. . . . . . . . . . ....

      75. APPENDIX A Defined terms

      76. APPENDIX B Business combinations

        1. B1. . . . . . . . . . ....

        2. B2. If a first-time adopter does not apply IAS 22 retrospectively...

        3. B3. . . . . . . . . . ....

        4. B4. . . . . . . . . . ....

      77. APPENDIX C Amendments to other IFRSs

        1. C1 . . . . . . . . . ....

        2. C2 This IFRS amends paragraph 172(h) of IAS 39 Financial Instruments:...

      78. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-9

        1. Business combinations — classification either as acquisitions or unitings of...

          1. ISSUE

            1. 1. . . . . . . . . . ....

            2. 2. The issues are:

            3. 3. . . . . . . . . . ....

          2. Consensus

            1. 4. . . . . . . . . . ....

            2. 5. . . . . . . . . . ....

            3. 6. . . . . . . . . . ....

            4. 7. All business combinations under IAS 22 are either an ‘acquisition’...

      79. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-10

        1. Government assistance — no specific relation to operating activities

          1. Issue

            1. 1. In some countries government assistance to enterprises may be aimed...

            2. 2. . . . . . . . . . ....

          2. Consensus

            1. 3. Government assistance to enterprises meets the definition of government grants...

      80. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-11

        1. Foreign exchange — capitalisation of losses resulting from severe currency...

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. The issues are:

          2. Consensus

            1. 3. . . . . . . . . . ....

            2. 4. . . . . . . . . . ....

            3. 5. . . . . . . . . . ....

            4. 6. ‘Recent’ acquisitions of assets are acquisitions within 12 months prior...

      81. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-12

        1. Consolidation — special purpose entities

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. . . . . . . . . . ....

            4. 4. . . . . . . . . . ....

            5. 5. . . . . . . . . . ....

            6. 6. . . . . . . . . . ....

            7. 7. . . . . . . . . . ....

          2. Consensus

            1. 8. . . . . . . . . . ....

            2. 9. . . . . . . . . . ....

            3. 10. In addition to the situations described in IAS 27.12, the...

            4. 11. Predetermination of the ongoing activities of an SPE by an...

        2. International Financial Reporting Interpretations Committee IFRIC

          1. IFRIC AMENDMENT TO SIC-12 Scope of SIC-12 Consolidation — Special Purpose Entities REFERENCES ....Consolidation — Special Purpose Entities REFERENCES . . . ....

            1. REFERENCES

            2. BACKGROUND

              1. 1. . . . . . . . . . ....

              2. 2. IFRS 2 is effective for annual periods beginning on or...

              3. 3. . . . . . . . . . ....

            3. ISSUES

              1. 4. . . . . . . . . . ....

              2. 5. . . . . . . . . . ....

            4. AMENDMENT

              1. 6. Paragraph 6 of SIC-12 is amended as follows.

            5. EFFECTIVE DATE

              1. 7. . . . . . . . . . ....

      82. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-13

        1. Jointly controlled entities — non-monetary contributions by venturers

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. The issues are:

            4. 4. . . . . . . . . . ....

          2. Consensus

            1. 5. In applying IAS 31.39 to non-monetary contributions to a JCE...

            2. 6. . . . . . . . . . ....

            3. 7. Unrealised gains or losses on non-monetary assets contributed to JCEs...

      83. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-14

        1. Property, plant and equipment — compensation for the impairment or...

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. Examples of such cases may include:

            3. 3. The issue is how an enterprise should account for:

          2. Consensus

            1. 4. Impairments or losses of items of property, plant and equipment,...

          3. Disclosure

            1. 5. Monetary or non-monetary compensation recognised for the impairment or loss...

      84. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-15

        1. Operating leases — incentives

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

          2. Consensus

            1. 3. . . . . . . . . . ....

            2. 4. . . . . . . . . . ....

            3. 5. . . . . . . . . . ....

            4. 6. Costs incurred by the lessee, including costs in connection with...

      85. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-18

        1. Consistency — alternative methods

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

          2. Consensus

            1. 3. . . . . . . . . . ....

            2. 4. Once the appropriate initial policy has been selected under the...

      86. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-19

        1. Reporting currency — measurement and presentation of financial statements under...

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. The issues are:

            4. 4. . . . . . . . . . ....

          2. Consensus

            1. 5. . . . . . . . . . ....

            2. 6. . . . . . . . . . ....

            3. 7. If the measurement currency, determined in accordance with paragraph 5...

            4. 8. . . . . . . . . . ....

            5. 9. . . . . . . . . . ....

          3. Disclosure

            1. 10. The following should be disclosed:

      87. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-20

        1. Equity accounting method — recognition of losses

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. In applying the equity method, the issues are:

            4. 4. . . . . . . . . . ....

          2. Consensus

            1. 5. . . . . . . . . . ....

            2. 6. . . . . . . . . . ....

            3. 7. . . . . . . . . . ....

            4. 8. . . . . . . . . . ....

            5. 9. . . . . . . . . . ....

          3. Disclosure

            1. 10. If an investor discontinues recognition of its share of losses...

      88. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-21

        1. Income taxes — recovery of revalued non-depreciable assets

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. . . . . . . . . . ....

            4. 4. . . . . . . . . . ....

          2. Consensus

            1. 5. The deferred tax liability or asset that arises from the...

      89. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-22

        1. Business combinations — subsequent adjustment of fair values and goodwill...

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. IAS 22.71 (revised 1998) indicates that in accounting for a...

            3. 3. The issues are, in making adjustments in the limited circumstances...

            4. 4. This interpretation does not apply to the following items as...

          2. Consensus

            1. 5. . . . . . . . . . ....

            2. 6. . . . . . . . . . ....

            3. 7. . . . . . . . . . ....

          3. Disclosure

            1. 8. Adjustments to the carrying amounts of identifiable assets or liabilities...

      90. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-23

        1. Property, plant and equipment — major inspection or overhaul costs...

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. . . . . . . . . . ....

            4. 4. . . . . . . . . . ....

          2. Consensus

            1. 5. The cost of a major inspection or overhaul of an...

      91. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-24

        1. Earnings per share — financial instruments and other contracts that...

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. . . . . . . . . . ....

          2. Consensus

            1. 4. All financial instruments or other contracts that may result in...

      92. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-25

        1. Income taxes — changes in the tax status of an...

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. . . . . . . . . . ....

          2. Consensus

            1. 4. A change in the tax status of an enterprise or...

      93. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-27

        1. Evaluating the substance of transactions involving the legal form of...

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. When an arrangement with an investor involves the legal form...

          2. Consensus

            1. 3. . . . . . . . . . ....

            2. 4. . . . . . . . . . ....

            3. 5. IAS 17 applies when the substance of an arrangement includes...

            4. 6. The definitions and guidance in paragraphs 49 to 64 of...

            5. 7. . . . . . . . . . ....

            6. 8. The criteria in paragraph 20 of IAS 18 should be...

            7. 9. . . . . . . . . . ....

          3. Disclosure

            1. 10. All aspects of an arrangement that does not, in substance,...

            2. 11. The disclosures required in accordance with paragraph 10 of this...

      94. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-28

        1. Business combinations — ‘date of exchange’ and fair value of...

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. The issues are:

            4. 4. . . . . . . . . . ....

          2. Consensus

            1. 5. . . . . . . . . . ....

            2. 6. . . . . . . . . . ....

          3. Disclosure

            1. 7. When a published price of an equity instrument issued as...

            2. 8. When an equity instrument issued as purchase consideration does not...

      95. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-29

        1. Disclosure — service concession arrangements

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. A service concession arrangement generally involves the concession provider conveying...

            3. 3. . . . . . . . . . ....

            4. 4. . . . . . . . . . ....

            5. 5. . . . . . . . . . ....

          2. Consensus

            1. 6. All aspects of a service concession arrangement should be considered...

            2. 7. The disclosures required in accordance with paragraph 6 of this...

      96. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-30

        1. Reporting currency — translation from measurement currency to presentation currency...

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. . . . . . . . . . ....

            4. 4. The issues are:

            5. 5. . . . . . . . . . ....

          2. Consensus

            1. 6. When financial statements are presented in a currency other than...

            2. 7. When financial statements are presented in a currency other than...

          3. Disclosure

            1. 8. . . . . . . . . . ....

            2. 9. . . . . . . . . . ....

            3. 10. When additional information not required by International Accounting Standards is...

      97. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-31

        1. Revenue — barter transactions involving advertising services

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. . . . . . . . . . ....

            3. 3. . . . . . . . . . ....

            4. 4. . . . . . . . . . ....

          2. Consensus

            1. 5. Revenue from a barter transaction involving advertising cannot be measured...

      98. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-32

        1. Intangible assets — web site costs

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. The stages of a web site's development can be described...

            3. 3. . . . . . . . . . ....

            4. 4. When accounting for internal expenditure on the development and operation...

            5. 5. . . . . . . . . . ....

            6. 6. . . . . . . . . . ....

          2. Consensus

            1. 7. . . . . . . . . . ....

            2. 8. . . . . . . . . . ....

            3. 9. Any internal expenditure on the development and operation of an...

            4. 10. A web site that is recognised as an intangible asset...

      99. STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-33

        1. Consolidation and equity method — potential voting rights and allocation...

          1. Issue

            1. 1. . . . . . . . . . ....

            2. 2. The issues are:

          2. Consensus

            1. 3. . . . . . . . . . ....

            2. 4. . . . . . . . . . ....

            3. 5. . . . . . . . . . ....

            4. 6. When applying the consolidation and the equity method of accounting,...

      100. IFRIC INTERPRETATION 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities

        1. REFERENCES

        2. BACKGROUND

        3. SCOPE

        4. ISSUE

        5. CONSENSUS

        6. EFFECTIVE DATE

        7. TRANSITION

      101. APPENDIX Amendments to IFRS 1 First-time Adoption of International Financial Reporting...

        2. Changes in existing decommissioning, restoration and similar liabilities included in...

      102. IFRIC INTERPRETATION 2 Members’ Shares in Cooperative Entities and Similar Instruments

        1. REFERENCES

        2. BACKGROUND

          1. 1 . . . . . . . . . ....

          2. 2 . . . . . . . . . ....

        3. SCOPE

          1. 3 . . . . . . . . . ....

        4. ISSUE

          1. 4 . . . . . . . . . ....

        5. CONSENSUS

          1. 5 . . . . . . . . . ....

          2. 6 . . . . . . . . . ....

          3. 7 . . . . . . . . . ....

          4. 8 . . . . . . . . . ....

          5. 9 . . . . . . . . . ....

          6. 10 . . . . . . . . . ....

          7. 11 . . . . . . . . . ....

          8. 12 . . . . . . . . . ....

        6. DISCLOSURE

          1. 13 . . . . . . . . . ....

        7. EFFECTIVE DATE

          1. 14 . . . . . . . . . ....

        8. APPENDIX

          1. EXAMPLES OF APPLICATION OF THE CONSENSUS

            1. This appendix is an integral part of the Interpretation.

              1. A1 . . . . . . . . . ....

            2. UNCONDITIONAL RIGHT TO REFUSE REDEMPTION (paragraph 7)

              1. Example 1

                1. Facts

                  1. A2 . . . . . . . . . ....

                2. Classification

                  1. A3 The entity has the unconditional right to refuse redemption and...

              2. Example 2

                1. Facts

                  1. A4 . . . . . . . . . ....

                2. Classification

                  1. A5 The entity does not have the unconditional right to refuse...

            3. PROHIBITIONS AGAINST REDEMPTION (paragraphs 8 and 9)

              1. Example 3

                1. Facts

                  1. A6 A cooperative entity has issued shares to its members at...

                  2. A7 . . . . . . . . . ....

                2. Classification

                  1. Before the governing charter is amended

                    1. A8 . . . . . . . . . ....

                    2. A9 . . . . . . . . . ....

                  2. After the governing charter is amended

                    1. A10 . . . . . . . . . ....

              2. Example 4

                1. Facts

                  1. A11 . . . . . . . . . ....

                2. Classification

                  1. A12 In this case, CU 750 000 would be classified as...

                  2. A13 . . . . . . . . . ....

              3. Example 5

                1. Facts

                  1. A14 . . . . . . . . . ....

                2. Classification

                  1. A15 . . . . . . . . . ....

              4. Example 6

                1. Facts

                  1. A16 . . . . . . . . . ....

                2. Classification

                  1. A17 . . . . . . . . . ....

              5. Example 7

                1. Facts

                  1. A18 . . . . . . . . . ....

                2. Classification

                  1. A19 . . . . . . . . . ....

      103. IFRIC INTERPRETATION 4 Determining whether an arrangement contains a lease

        1. REFERENCES

        2. BACKGROUND

          1. 1. An entity may enter into an arrangement, comprising a transaction...

          2. 2. . . . . . . . . . ....

          3. 3. . . . . . . . . . ....

        3. SCOPE

          1. 4. . . . . . . . . . ....

        4. ISSUES

          1. 5. The issues addressed in this Interpretation are:

        5. CONSENSUS

          1. Determining whether an arrangement is, or contains, a lease

            1. 6. Determining whether an arrangement is, or contains, a lease shall...

            2. Fulfilment of the arrangement is dependent on the use of...

              1. 7. . . . . . . . . . ....

              2. 8. . . . . . . . . . ....

            3. Arrangement conveys a right to use the asset

              1. 9. An arrangement conveys the right to use the asset if...

          2. Assessing or reassessing whether an arrangement is, or contains, a...

            1. 10. The assessment of whether an arrangement contains a lease shall...

            2. 11. A reassessment of an arrangement shall be based on the...

          3. Separating payments for the lease from other payments

            1. 12. . . . . . . . . . ....

            2. 13. . . . . . . . . . ....

            3. 14. . . . . . . . . . ....

            4. 15. If a purchaser concludes that it is impracticable to separate...

        6. EFFECTIVE DATE

          1. 16. . . . . . . . . . ....

        7. TRANSITION

          1. 17. . . . . . . . . . ....

        8. APPENDIX Amendments to IFRS 1 first-time adoption of International Financial Reporting...

            1. A1. . . . . . . . . . ....

              1. LEASES

                1. IFRIC 4 Determining whether an arrangement contains a lease

                  1. 25F . . . . . . . . . ....

      104. IFRIC INTERPRETATION 5 (incorporating an Amendment to IAS 39) Rights to Interests arising from decommissioning, restoration and environmental rehabilitation...

        1. REFERENCES

        2. BACKGROUND

          1. 1. . . . . . . . . . ....

          2. 2. Contributions to these funds may be voluntary or required by...

          3. 3. Such funds generally have the following features:

        3. SCOPE

          1. 4. This Interpretation applies to accounting in the financial statements of...

          2. 5. . . . . . . . . . ....

        4. ISSUES

          1. 6. The issues addressed in this interpretation are:

        5. CONSENSUS

          1. Accounting for an interest in a fund

            1. 7. . . . . . . . . . ....

            2. 8. . . . . . . . . . ....

            3. 9. If a contributor does not have control, joint control or...

          2. Accounting for obligations to make additional contributions

            1. 10. . . . . . . . . . ....

          3. Disclosure

            1. 11. . . . . . . . . . ....

            2. 12. . . . . . . . . . ....

            3. 13. . . . . . . . . . ....

        6. EFFECTIVE DATE

          1. 14. . . . . . . . . . ....

        7. TRANSITION

          1. 15. . . . . . . . . . ....

        8. APPENDIX Amendment to IAS 39 Financial instruments: recognition and measurement

            1. A1. . . . . . . . . . ....

              1. 2. . . . . . . . . . ....

      105. IFRIC INTERPRETATION 6 Liabilities arising from Participating in a Specific Market — Waste...

        1. REFERENCES

        2. BACKGROUND

        3. SCOPE

        4. ISSUE

        5. CONSENSUS

        6. EFFECTIVE DATE

        7. TRANSITION

      106. IFRIC INTERPRETATION 7

        1. Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies

          1. REFERENCES

          2. BACKGROUND

            1. 1 . . . . . . . . . ....

          3. ISSUES

            1. 2 The questions addressed in this Interpretation are:

          4. CONSENSUS

            1. 3 . . . . . . . . . ....

            2. 4 At the closing balance sheet date, deferred tax items are...

            3. 5 . . . . . . . . . ....

          5. EFFECTIVE DATE

            1. 6 . . . . . . . . . ....

      107. IFRIC INTERPRETATION 8 Scope of IFRS 2

        1. REFERENCES

        2. BACKGROUND

          1. 1. . . . . . . . . . ....

          2. 2. . . . . . . . . . ....

          3. 3. . . . . . . . . . ....

          4. 4. . . . . . . . . . ....

          5. 5. . . . . . . . . . ....

        3. SCOPE

          1. 6. . . . . . . . . . ....

        4. ISSUE

          1. 7. . . . . . . . . . ....

        5. CONSENSUS

          1. 8. . . . . . . . . . ....

          2. 9. . . . . . . . . . ....

          3. 10. . . . . . . . . . ....

          4. 11. . . . . . . . . . ....

          5. 12. . . . . . . . . . ....

        6. EFFECTIVE DATE

          1. 13. . . . . . . . . . ....

        7. TRANSITION

          1. 14. . . . . . . . . . ....

      108. IFRIC INTERPRETATION 9 Reassessment of Embedded Derivatives

        1. REFERENCES

        2. BACKGROUND

          1. 1. . . . . . . . . . ....

          2. 2. IAS 39 paragraph 11 requires an embedded derivative to be...

        3. SCOPE

          1. 3. . . . . . . . . . ....

          2. 4. . . . . . . . . . ....

          3. 5. . . . . . . . . . ....

        4. ISSUE

          1. 6. IAS 39 requires an entity, when it first becomes a...

        5. CONSENSUS

          1. 7. . . . . . . . . . ....

          2. 8. . . . . . . . . . ....

        6. EFFECTIVE DATE AND TRANSITION

          1. 9. . . . . . . . . . ....

      109. IFRIC INTERPRETATION 10 Interim Financial Reporting and Impairment

        1. REFERENCES

        2. BACKGROUND

          1. 1. . . . . . . . . . ....

          2. 2. . . . . . . . . . ....

        3. ISSUE

          1. 3. . . . . . . . . . ....

          2. 4. . . . . . . . . . ....

          3. 5. . . . . . . . . . ....

          4. 6. . . . . . . . . . ....

          5. 7. The Interpretation addresses the following issue:

        4. CONSENSUS

          1. 8. . . . . . . . . . ....

          2. 9. . . . . . . . . . ....

        5. EFFECTIVE DATE AND TRANSITION

          1. 10. . . . . . . . . . ....

      110. IFRIC INTERPRETATION 11 IFRS 2 — Group and Treasury Share Transactions

        1. REFERENCES

        2. ISSUES

          1. 1. This Interpretation addresses two issues. The first is whether the...

          2. 2. The second issue concerns share-based payment arrangements that involve two...

          3. 3. Therefore, the second issue addresses the following share-based payment arrangements:...

          4. 4. . . . . . . . . . ....

          5. 5. . . . . . . . . . ....

          6. 6. . . . . . . . . . ....

        3. CONSENSUS

          1. Share-based payment arrangements involving an entity’s own equity instruments (paragraph...

            1. 7. Share-based payment transactions in which an entity receives services as...

          2. SHARE-BASED PAYMENT ARRANGEMENTS INVOLVING EQUITY INSTRUMENTS OF THE PARENT

            1. A parent grants rights to its equity instruments to the...

              1. 8. . . . . . . . . . ....

              2. 9. . . . . . . . . . ....

              3. 10. . . . . . . . . . ....

            2. A subsidiary grants rights to equity instruments of its parent...

              1. 11. . . . . . . . . . ....

        4. EFFECTIVE DATE

          1. 12. . . . . . . . . . ....

        5. TRANSITION

          1. 13. . . . . . . . . . ....

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