INTERNATIONAL ACCOUNTING STANDARDS
<Strong>Improvements to International Financial Reporting Standards</Strong>
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Improvements to IFRSs
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Amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards
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<CommentaryRef Ref="key-b63c32d10a4aaac720c6194943afcc15"/>PRESENTATION AND DISCLOSURE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Use of deemed cost for operations subject to rate regulation
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31B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Interim financial reports
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32To comply with paragraph 23, if an entity presents an interim financial report in accordance with IAS 34 for part of the period covered by its first IFRS financial statements, the entity shall satisfy the following requirements in addition to the requirements of IAS 34:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<CommentaryRef Ref="key-b63c32d10a4aaac720c6194943afcc15"/>EFFECTIVE DATE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
39E. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Amendment to Appendix D of IFRS 1 First-time Adoption of International Financial Reporting Standards
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D1An entity may elect to use one or more of the following exemptions:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Deemed cost
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D8A first-time adopter may have established a deemed cost in accordance with previous GAAP for some or all of its assets and liabilities by measuring them at their fair value at one particular date because of an event such as a privatisation or initial public offering.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
D8B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Amendments to IFRS 3 Business Combinations
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<CommentaryRef Ref="key-b63c32d10a4aaac720c6194943afcc15"/>THE ACQUISITION METHOD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Measurement principle
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19For each business combination, the acquirer shall measure at the acquisition date components of non-controlling interests in the acquiree that are present ownership interests and entitle their holders to a proportionate share of the entity’s net assets in the event of liquidation at either:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Exceptions to the recognition or measurement principles
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Exceptions to the measurement principle
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Share-based payment transactions
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<CommentaryRef Ref="key-b63c32d10a4aaac720c6194943afcc15"/>EFFECTIVE DATE AND TRANSITION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Effective date
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64B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
64C. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Transition
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65A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
65B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
65C. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
65D. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
65E. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Application guidance
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<CommentaryRef Ref="key-b63c32d10a4aaac720c6194943afcc15"/>DETERMINING WHAT IS PART OF THE BUSINESS COMBINATION TRANSACTION (APPLICATION OF PARAGRAPHS 51 AND 52). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Acquirer share-based payment awards exchanged for awards held by the acquiree’s employees (application of paragraph 52(b))
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B56An acquirer may exchange its share-based payment awards (replacement awards) for awards held by employees of the acquiree. Exchanges of share options or other share-based payment awards in conjunction with a business combination are accounted for as modifications of share-based payment awards in accordance with IFRS 2 <Emphasis>Share-based Payment</Emphasis>. If the acquirer replaces the acquiree awards, either all or a portion of the market-based measure of the acquirer’s replacement awards shall be included in measuring the consideration transferred in the business combination. Paragraphs B57–B62 provide guidance on how to allocate the market-based measure.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Equity-settled share-based payment transactions of the acquiree
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B62A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
B62B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Appendix to amendments to IFRS 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Amendments to other IFRSs
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IFRS 7
<Strong>
<Emphasis>Financial Instruments: Disclosures</Emphasis>
</Strong>
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<CommentaryRef Ref="key-b63c32d10a4aaac720c6194943afcc15"/>EFFECTIVE DATE AND TRANSITION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
44B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
44K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
IAS 32
<Strong>
<Emphasis>Financial Instruments: Presentation</Emphasis>
</Strong>
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<CommentaryRef Ref="key-b63c32d10a4aaac720c6194943afcc15"/>EFFECTIVE DATE AND TRANSITION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
97B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
97G. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
IAS 39
<Strong>
<Emphasis>Financial Instruments: Recognition and Measurement</Emphasis>
</Strong>
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<CommentaryRef Ref="key-b63c32d10a4aaac720c6194943afcc15"/>EFFECTIVE DATE AND TRANSITION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
103D. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
103N. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Amendments to IFRS 7
<Strong>
<Emphasis>Financial Instruments: Disclosures</Emphasis>
</Strong>
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<CommentaryRef Ref="key-b63c32d10a4aaac720c6194943afcc15"/>NATURE AND EXTENT OF RISKS ARISING FROM FINANCIAL INSTRUMENTS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
32A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Quantitative disclosures
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34For each type of risk arising from financial instruments, an entity shall disclose:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Credit risk
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36An entity shall disclose by class of financial instrument:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Financial assets that are either past due or impaired
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37An entity shall disclose by class of financial asset:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Collateral and other credit enhancements obtained
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38When an entity obtains financial or non-financial assets during the period by taking possession of collateral it holds as security or calling on other credit enhancements (eg guarantees), and such assets meet the recognition criteria in other IFRSs, an entity shall disclose for such assets held at the reporting date:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<CommentaryRef Ref="key-b63c32d10a4aaac720c6194943afcc15"/>EFFECTIVE DATE AND TRANSITION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
44L. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Amendments to IAS 1
<Strong>
<Emphasis>Presentation of Financial Statements</Emphasis>
</Strong>
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<CommentaryRef Ref="key-b63c32d10a4aaac720c6194943afcc15"/>STRUCTURE AND CONTENT. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Statement of changes in equity
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Information to be presented in the statement of changes in equity
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106
<Strong>An entity shall present a statement of changes in equity as required by paragraph 10. The statement of changes in equity includes the following information:</Strong>
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Information to be presented in the statement of changes in equity or in the notes
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106A
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107
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<CommentaryRef Ref="key-b63c32d10a4aaac720c6194943afcc15"/>TRANSITION AND EFFECTIVE DATE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
139F. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transition requirements for amendments arising as a result of IAS 27
<Strong>
<Emphasis>Consolidated and Separate Financial Statements</Emphasis>
</Strong>
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Amendments to IFRSs
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IAS 21
<Strong>
<Emphasis>The Effects of Changes in Foreign Exchange Rates</Emphasis>
</Strong>
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<CommentaryRef Ref="key-b63c32d10a4aaac720c6194943afcc15"/>EFFECTIVE DATE AND TRANSITION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
60B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
60D. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
IAS 28
<Strong>
<Emphasis>Investments in Associates</Emphasis>
</Strong>
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<CommentaryRef Ref="key-b63c32d10a4aaac720c6194943afcc15"/>EFFECTIVE DATE AND TRANSITION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
41B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
41E. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
IAS 31
<Strong>
<Emphasis>Interests in Joint Ventures</Emphasis>
</Strong>
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<CommentaryRef Ref="key-b63c32d10a4aaac720c6194943afcc15"/>EFFECTIVE DATE AND TRANSITION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
58A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
58D. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Amendments to IAS 34
<Strong>
<Emphasis>Interim Financial Reporting</Emphasis>
</Strong>
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<CommentaryRef Ref="key-b63c32d10a4aaac720c6194943afcc15"/>CONTENT OF AN INTERIM FINANCIAL REPORT. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Significant events and transactions
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15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15BThe following is a list of events and transactions for which disclosures would be required if they are significant: the list is not exhaustive.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15C. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16–18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Other disclosures
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16A
<Strong>In addition to disclosing significant events and transactions in accordance with paragraphs 15–15C, an entity shall include the following information, in the notes to its interim financial statements, if not disclosed elsewhere in the interim financial report. The information shall normally be reported on a financial year-to-date basis.</Strong>
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<CommentaryRef Ref="key-b63c32d10a4aaac720c6194943afcc15"/>EFFECTIVE DATE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
49. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Amendment to IFRIC 13
<Strong>
<Emphasis>Customer Loyalty Programmes</Emphasis>
</Strong>
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<CommentaryRef Ref="key-b63c32d10a4aaac720c6194943afcc15"/>EFFECTIVE DATE AND TRANSITION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Appendix
<Strong>Application guidance</Strong>
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AG2An entity may estimate the fair value of award credits by reference to the fair value of the awards for which they could be redeemed. The fair value of the award credits takes into account, as appropriate:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .