Effective date to be determined:
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Amendments to IFRS 10 Consolidated Financial Statements and IAS 28 Investments in Associates and Joint Ventures re:
- Sale or Contribution of Assets between an Investor and its Associate or Joint Venture*
* The effective date for the amendments to these standards are deferred indefinitely until the IASB’s research project on Equity Method of Accounting is completed.
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Prospective
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Effective for annual periods beginning on or after January 1, 2027
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IFRS 18 Presentation and Disclosure in the Financial Statements
(New in 2024; replaces IAS 1)
IFRS 19 Subsidiaries without Public Accountability – Disclosures
(New in 2024)
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In accordance with the specific requirements in IFRS 18
In accordance with the specific requirements in IFRS 19
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Effective for annual periods beginning on or after January 1, 2026:
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Effective for annual periods beginning on or after January 1, 2026:
Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures re:
- Classification and Measurement of Financial Instruments
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In accordance with specific requirements in IFRS 9 and IFRS 7
|
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|
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|
|
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Effective for annual periods beginning on or after January 1, 2025:
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Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates re:
|
In accordance with specific requirements in IAS 21
|
Effective for annual periods beginning on or after January 1, 2024:
|
Amendments to IFRS 16 Leases re:
- Lease Liability in a Sale and Leaseback
|
In accordance with specific requirements in IFRS 16
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Amendments to IAS 1 Presentation of Financial Statements re:
- Classification of Liabilities as Current or Non-Current
- Non-Current Liabilities with Covenants
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Retrospective
Retrospective
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Amendments to IAS 7 Statement of Cash Flows and IFRS 7
Financial Instruments: Disclosures re:
- Supplier Finance Arrangements
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In accordance with specific requirements in IAS 7
|
Effective for annual periods beginning on or after January 1, 2023:
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Amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards and IAS 12 Income Taxes re:
- Deferred Tax related to Assets and Liabilities arising from a Single Transaction
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In accordance with specific requirements in IFRS 1 and IAS 12
|
IFRS 17 Insurance Contracts [New in 2017; replaces IFRS 4; incorporates Amendments to IFRS 17 and Initial Application of IFRS 17 and IFRS 9—Comparative Information (Amendment to IFRS 17)]
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In accordance with specific requirements in IFRS 17
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Amendments to IAS 1 Presentation of Financial Statements re:
- Disclosure of Accounting Policies
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Retrospective
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Amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors re:
- Definition of Accounting Estimates
|
In accordance with specific requirements in IAS 8
|
Amendments to IAS 12 Income Taxes re:
- International Tax Reform – Pillar Two Model Rules
|
In accordance with specific requirements in IAS 12
|
Effective for annual periods beginning on or after January 1, 2022:
|
Annual Improvements (2018-2020 Cycle) to:
- IFRS 1 First-time Adoption of International Financial Reporting Standards
- IFRS 9 Financial Instruments
- IAS 41 Agriculture
|
In accordance with specific requirements in the standard
|
Amendments to IFRS 3 Business Combinations re:
- Reference to the Conceptual Framework
|
In accordance with specific requirements in IFRS 3
|
Amendments to IAS 16 Property, Plant and Equipment re:
- Property, Plant and Equipment—Proceeds before Intended Use
|
In accordance with specific requirements in IAS 16
|
Amendments to IAS 37 Provisions, Contingent Liabilities and Contingent Assets re:
- Onerous Contracts—Cost of Fulfilling a Contract
|
In accordance with specific requirements in IAS 37
|
Effective for annual periods beginning on or after April 1, 2021:
|
Amendments to IFRS 16 Leases re:
- Covid-19-Related Rent Concessions beyond 30 June 2021
|
|
Effective for annual periods beginning on or after January 1, 2021:
|
Amendments to IFRS 9 Financial Instruments, IAS 39 Financial Instruments: Recognition and Measurement, IFRS 7 Financial Instruments: Disclosures, IFRS 4 Insurance Contracts, and IFRS 16 Leases and re:
- Interest Rate Benchmark Reform—Phase 2
|
In accordance with specific requirements in the standards
|
Effective for annual periods beginning on or after January 1, 2020:
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The Conceptual Framework for Financial Reporting (Revised in 2018)
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Prospective
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Amendments to References to the Conceptual Framework in IFRS Standards
|
Prospective
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Amendments to IFRS 3 Business Combinations re:
|
In accordance with specific requirements in IFRS 3
|
Amendments to IFRS 4 Insurance Contracts re:
- Extension of the Temporary Exemption from Applying IFRS 9
|
In accordance with specific requirements of IFRS 4
|
Amendments to IFRS 9 Financial Instruments, IAS 39 Financial Instruments: Recognition and Measurement and IFRS 7 Financial Instruments Disclosures re:
- Interest Rate Benchmark Reform
|
In accordance with specific requirements in the standards
|
Amendment to IFRS 16 Leases re:
- Covid-19-Related Rent Concessions
|
Retrospective
|
Amendments to IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors re:
|
Prospective
|
Effective for annual periods beginning on or after January 1, 2018:
|
Amendments to IFRS 2 Share-based Payment re:
- Classification and Measurement of Share-based Payment Transactions
|
In accordance with specific requirements in IFRS 2
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Amendments to IFRS 4 Insurance Contracts re:
- Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts*
* For qualifying entities that choose to apply the temporary exemption from IFRS 9. For other entities that do not qualify for the temporary exemption, or that choose the overlay approach instead, these amendments are effective for designated assets from the date at which IFRS 9 is applied for the first time.
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In accordance with specific requirements in IFRS 4
|
Amendments to IFRS 7 Financial Instruments: Disclosures
|
Simultaneously with IFRS 9, in accordance with specific requirements in IFRS 7
|
IFRS 9 Financial Instruments
(New in 2014; replaces IAS 39, IFRIC 9 and earlier versions of IFRS 9);
|
In accordance with specific requirements in IFRS 9
|
IFRS 15 Revenue from Contracts with Customers
(New in 2014; replaces IAS 11, IAS 18, IFRIC 13, IFRIC 15, IFRIC 18 and SIC-31); incorporates amendments re:
- Effective Date of IFRS 15
- Clarifications to IFRS 15 Revenue from Contracts with Customers
|
In accordance with specific requirements in IFRS 15
|
Amendments to IAS 40 Investment Property re:
- Transfers of Investment Property
|
In accordance with specific requirements in IAS 40
|
IFRIC 22 Foreign Currency Transactions and Advance Consideration (New in 2016)
|
In accordance with specific requirements in IFRIC 22
|
Annual Improvements (2014-2016 Cycle) to:
- IFRS 1 First-time Adoption of International Financial Reporting Standards
- IAS 28 Investments in Associates and Joint Ventures
|
IFRS 1 – N/A – deletion of short-term exemptions for which the relief periods have passed
IAS 28 – retrospective
|
Effective for annual periods beginning on or after January 1, 2019:
|
Annual Improvements (2015-2017 Cycle) to:
- IFRS 3 Business Combinations
- IFRS 11 Joint Arrangements
- IAS 12 Income Taxes
- IAS 23 Borrowing Costs
|
In accordance with specific requirements in the standard
|
Amendments to IFRS 9 Financial Instruments re:
-
Prepayment Features with Negative Compensation
|
In accordance with specific requirements in IFRS 9
|
IFRS 16 Leases
(New in 2016; replaces IAS 17, IFRIC 4, SIC-15 and SIC-27)
|
In accordance with specific requirements in IFRS 16
|
Amendments to IAS 19 Employee Benefits re:
- Plan Amendment, Curtailment or Settlement
|
In accordance with specific requirements in IAS 19
|
Amendments to IAS 28 Investments in Associates and Joint Ventures re:
- Long-term Interests in Associates and Joint Ventures
|
In accordance with specific requirements in IAS 28
|
IFRIC 23 Uncertainty over Income Tax Treatments (New in 2017)
|
In accordance with specific requirements in IFRIC 23
|
Effective for annual periods beginning on or after January 1, 2017:
|
Amendments to IAS 7 Statement of Cash Flows re:
|
In accordance with specific requirements in IAS 7
|
Amendments to IAS 12 Income Taxes re:
- Recognition of Deferred Tax Assets for Unrealised Losses
|
In accordance with specific requirements in IAS 12
|
Annual Improvements (2014-2016 Cycle) to:
- IFRS 12 Disclosure of Interests in Other Entities
|
Retrospective
|