June 1, 2016 admin

Issue 24

Notes on the consolidated financial statements

  • Effects of new or amended standards and interpretations (IAS 8.28)
  • IFRIC 21 Levies
  • Annual Improvements to IFRSs (2011-2013 Cycle)
  • New or amended standards and interpretations not applied (IAS 8.30)
  • Annual Improvements to IFRSs (2010-2012 Cycle)
  • Amendments to IAS 19 “Defined Benefit Plans: Employee Contributions”
  • Amendments to IFRS 11 “Accounting for Acquisitions of Interests in Joint Operations”
  • Amendments to IAS 16 and IAS 38 “Clarification of Acceptable Methods of Depreciation and Amortisation”
  • Amendments to IAS 16 and IAS 41 “Agriculture: Bearer Plants”
  • Annual Improvements to IFRSs (2012-2014 Cycle)
  • Amendments to IAS 1 “Disclosure Initiative”
  • Amendments to IAS 27 “Equity Method in Separate Financial Statements”
  • Amendments to IFRS 10, IFRS 12 and IAS 28 “Investment Entities”
  • Amendments to IFRS 10 and IAS 28 “Sale or Contribution of Assets between an Investor and its Associate or Joint Venture”
  • IFRS 14 “Regulatory Deferral Accounts”
  • IFRS 15 “Revenue from Contracts with Customers”
  • IFRS 16 “Leases”

IASB

  • Draft Interpretation DI/2015/1 on taking into account uncertainty over income tax treatments
  • Draft Interpretation DI/2015/2 on currency translation
  • Leases – current developments regarding the effective date
  • IASB issues Exposure Draft on Annual Improvements to IFRSs 2014-2016 Cycle
  • IASB issues draft on limited amendments to IAS 40
  • IASB proposes narrowly worded amendments to pension accounting
  • IASB issues Exposure Draft on Conceptual Framework
  • First-time application of the amendments to IFRS 10 and IAS 28 to be postponed indefinitely
  • Other Standard Setters
  • ESMA issues final Guidelines on Alternative Performance Measures

Adoption of IFRS standards by the EU

  • EU Endorsement
  • EU Endorsement Status Report
  • IFRS 9 – EU endorsement recommended
  • IFRS 14 will not be endorsed in the EU
IFRS_Link_Q1-Jun2016