IFRS Update

Recommendations

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Section 1: New pronouncements issued as at 28 February 2013 Table of mandatory application New pronouncement IFRS 1 First-Time Adoption of International Financial Reporting Standards (Amendment) — Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters IFRS 7 Financial Instruments: Disclosures (Amendment) IAS 12 Income Taxes (Amendment) — Deferred Taxes: Recovery of Underlying Assets IAS 1 Presentation of Items of Other Comprehensive Income — Amendments to IAS 1 IFRS 1 Government Loans — Amendments to IFRS 1 IFRS 7 Disclosures — Offsetting Financial Assets and Financial Liabilities — Amendments to IFRS 7 IFRS 10 Consolidated Financial Statements, IAS 27 Separate Financial Statements IFRS 11 Joint Arrangements, IAS 28 Investments in Associates and Joint Ventures IFRS 12 Disclosure of Interests in Other Entities IFRS 13 Fair Value Measurement IAS 19 Employee Benefits (Revised) IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine AIP IFRS 1 First-time Adoption of International Financial Reporting Standards — Repeated application of IFRS 1 AIP IFRS 1 First-time Adoption of International Financial Reporting Standards — Borrowing costs AIP IAS 1 Presentation of Financial Statements — Clarification of requirements for comparative information AIP IAS 16 Property, Plant and Equipment — Classification of servicing equipment AIP IAS 32 Financial Instruments: Presentation — Tax effects of distributions to holders of equity instruments AIP IAS 34 Interim Financial Reporting — Interim financial reporting and segment information for total assets and liabilities IFRS 10, IFRS 12 and IAS 27 Investment Entities (Amendments) IAS 32 Offsetting Financial Assets and Financial Liabilities — Amendments to IAS 32 IFRS 9 Financial Instruments 4 IFRS Update of standards and interpretations in issue at 28 February 2013
Effective Date* Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Page 1 Jul 2011 6 1 Jul 2011 7 1 Jan 2012 14 1 Jul 2012 13 1 Jan 2013 6 1 Jan 2013 7 1 Jan 2013 9 1 Jan 2013 11 1 Jan 2013 12 1 Jan 2013 13 1 Jan 2013 14 1 Jan 2013 15 1 Jan 2013 16 1 Jan 2013 16 1 Jan 2013 16 1 Jan 2013 16 1 Jan 2013 17 1 Jan 2013 17 1 Jan 2014 10 1 Jan 2014 15 1 Jan 2015 8 AIP Annual IFRS Improvements Process * Effective for annual periods beginning on or after this date Pronouncements effective for the previous reporting period New pronouncements effective for the current reporting period New pronouncements that will become effective for the next reporting period New pronouncements that will become effective in periods subsequent to the next reporting period IFRS Update of standards and interpretations in issue at 28 February 2013 5
Page 1: Ernst & Young IFRS Core Tools IFRS
Page 4 and 5: Introduction Companies reporting un
Page 8 and 9: IFRS 1 First-time Adoption of Inter
Page 10 and 11: IFRS 9 Financial Instruments IFRS 9
Page 12 and 13: IFRS 10, IFRS 12 and IAS 27 Investm
Page 14 and 15: IFRS 12 Disclosure of Interests in
Page 16 and 17: IAS 12 Income Taxes (Amendment) —
Page 18 and 19: Improvements to International Finan
Page 20 and 21: Section 2: Items not taken onto the
Page 22 and 23: Section 3: Expected pronouncements
Page 25: Ernst & Young Assurance | Tax | Tra

IFRS Update

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