Annual Report 2011 - The Malaysian Institute Of Certified Public ...

44Technical PronouncementsPresident’s StatementIC Interpretations**Preface to IC InterpretationsMASBOperationalDateIC Interpretation 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities Jan. 1, 2012IC Interpretation 2 Members’ Shares in Co-operative Entities and Similar Instruments Jan. 1, 2012IC Interpretation 4 Determining whether an Arrangement contains a Lease Jan. 1, 2012IC Interpretation 5IC Interpretation 6IC Interpretation 7IC Interpretation 9Rights to Interests arising from Decommissioning, Restoration andEnvironmental Rehabilitation FundsLiabilities arising from Participating in a Specific Market – Waste Electrical andElectronic EquipmentApplying the Restatement Approach under MFRS 129, Financial Reporting inHyperinflationary EconomiesReassessment of Embedded Derivatives[will be superseded by MFRS 9, Financial Instruments (IFRS 9 issued byIASB in Oct. 2010), with effect from Jan. 1, 2013]Jan. 1, 2012Jan. 1, 2012Jan. 1, 2012Jan. 1, 2012IC Interpretation 10 Interim Financial Reporting and Impairment Jan. 1, 2012IC Interpretation 12 Service Concession Arrangements Jan. 1, 2012IC Interpretation 13 Customer Loyalty Programmes Jan. 1, 2012IC Interpretation 14FRS 119 – The Limit on a Defined Benefit Asset, Minimum FundingRequirements and their InteractionJan. 1, 2012IC Interpretation 15 Agreements for the Construction of Real Estate Jan. 1, 2012IC Interpretation 16 Hedges of a Net Investment in a Foreign Operation Jan. 1, 2012IC Interpretation 17 Distributions of Non-cash Assets to Owners Jan. 1, 2012IC Interpretation 18 Transfers of Assets from Customers Jan. 1, 2012IC Interpretation 19 Extinguishing Financial Liabilities with Equity Instruments Jan. 1, 2012IC Interpretation 20 Stripping Costs in the Production Phase of a Surface Mine Jan. 1, 2013IC Interpretation 107 Introduction of the Euro Jan. 1, 2012IC Interpretation 110 Government Assistance – No Specific Relation to Operating Activities Jan. 1, 2012IC Interpretation 112Consolidation – Special Purpose Entities[will be superseded by MFRS 12, Disclosure of Interests in Other Entities,with effect from Jan. 1, 2013]Jan. 1, 2012IC Interpretation 113Jointly Controlled Entities – Non-Monetary Contributions by Venturers[will be superseded by MFRS 11, Joint Arrangements, with effect fromJan. 1, 2013]Jan. 1, 2012IC Interpretation 115 Operating Leases – Incentives Jan. 1, 2012IC Interpretation 125 Income Taxes – Changes in the Tax Status of an Entity or its Shareholders Jan. 1, 2012IC Interpretation 127 Evaluating the Substance of Transactions Involving the Legal Form of a Lease Jan. 1, 2012IC Interpretation 129 Service Concession Arrangements: Disclosures Jan. 1, 2012IC Interpretation 131 Revenue – Barter Transactions Involving Advertising Services Jan. 1, 2012IC Interpretation 132 Intangible Assets – Web Site Costs Jan. 1, 2012