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- Point in Time (03/11/2008)
- Original (As adopted by EU)
Commission Regulation (EC) No 1126/2008 of 3 November 2008 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)
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Version Superseded: 31/12/2020
Point in time view as at 03/11/2008.
There are currently no known outstanding effects for the Commission Regulation (EC) No 1126/2008, Notes.
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present information about the basis of preparation of the financial statements and the specific accounting policies used in accordance with paragraphs 108-115;
disclose the information required by IFRSs that is not presented on the face of the balance sheet, income statement, statement of changes in equity or cash-flow statement; and
provide additional information that is not presented on the face of the balance sheet, income statement, statement of changes in equity or cash-flow statement, but is relevant to an understanding of any of them.
a statement of compliance with IFRSs (see paragraph 14);
a summary of significant accounting policies applied (see paragraph 108);
supporting information for items presented on the face of the balance sheet, income statement, statement of changes in equity and cash-flow statement, in the order in which each statement and each line item is presented; and
other disclosures, including:
contingent liabilities (see IAS 37) and unrecognised contractual commitments; and
non-financial disclosures, e.g. the entity's financial risk management objectives and policies (see IFRS 7).
the measurement basis (or bases) used in preparing the financial statements; and
the other accounting policies used that are relevant to an understanding of the financial statements.
whether financial assets are held-to-maturity investments;
when substantially all the significant risks and rewards of ownership of financial assets and lease assets are transferred to other entities;
whether, in substance, particular sales of goods are financing arrangements and therefore do not give rise to revenue; and
whether the substance of the relationship between the entity and a special purpose entity indicates that the special purpose entity is controlled by the entity.
their nature; and
their carrying amount as at the balance sheet date.
the nature of the assumption or other estimation uncertainty;
the sensitivity of carrying amounts to the methods, assumptions and estimates underlying their calculation, including the reasons for the sensitivity;
the expected resolution of an uncertainty and the range of reasonably possible outcomes within the next financial year in respect of the carrying amounts of the assets and liabilities affected; and
an explanation of changes made to past assumptions concerning those assets and liabilities, if the uncertainty remains unresolved.
qualitative information about its objectives, policies and processes for managing capital, including (but not limited to):
a description of what it manages as capital;
when an entity is subject to externally imposed capital requirements, the nature of those requirements and how those requirements are incorporated into the management of capital; and
how it is meeting its objectives for managing capital;
summary quantitative data about what it manages as capital. Some entities regard some financial liabilities (e.g. some forms of subordinated debt) as part of capital. Other entities regard capital as excluding some components of equity (e.g. components arising from cash flow hedges);
any changes in (a) and (b) from the previous period;
whether during the period it complied with any externally imposed capital requirements to which it is subject;
when the entity has not complied with such externally imposed capital requirements, the consequences of such non-compliance.
These disclosures shall be based on the information provided internally to the entity's key management personnel.
the amount of dividends proposed or declared before the financial statements were authorised for issue but not recognised as a distribution to equity holders during the period, and the related amount per share; and
the amount of any cumulative preference dividends not recognised.
the domicile and legal form of the entity, its country of incorporation and the address of its registered office (or principal place of business, if different from the registered office);
a description of the nature of the entity's operations and its principal activities; and
the name of the parent and the ultimate parent of the group.
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