Checklist 1

International GAAP Disclosure Checklist October 2013
Created By: Entity: Checklist:

darvin.r.oliver
os@ph.ey.co
m
Central Azucarera
de Tarlac
International GAAP Disclosure Checklist Octoer
!"#$ %&ev'd Octoer !"#$(
Financial
Reporting
Date:
Status: Ernst & Young Reviewer:
$")"*)#+ Dra,t -ustine.c.sta.ana@ey.com
International !!"# Disclosure Checklist
$cto%er &'() *$cto%er &'()+ , English
-his checklist re.lects only those /uestions that have %een dee0ed applica%le during the initial
1scoping1 e2ercise3 -o view the scoping /uestions presented and the answers provided4 please
re.er to !ppendi2 ! o. this checklist3
-his checklist docu0ent has %een .iltered to show the .ollowing
in.or0ation:
A..
A..
Printed /eptemer !01 !"#+
Pa2e # o, #!$
A..
Pa2e ! o, #!$
E5ER!6
Identi.ication and co0ponents o. .inancial
state0ents
3es 4o 4)A Comments
(3 I!S (378
Are the ,inancial statements identi,ied clearly
%usin2 an unami2uous title( and
distin2uished ,rom other in,ormation in the
same document
5
3es 4o 4)A Comments
&3 I!S (3('
Does the entity present a complete set o,
,inancial statements 6hich comprises7
a( a statement o, ,inancial position as at
the end o, the period
5
( a statement o, pro,it or loss and other
comprehensive income ,or the period
5
c( a statement o, chan2es in e8uity ,or
the period
5
d( a statement o, cash ,lo6s ,or the
period
5
e( notes1 comprisin2 a summary o,
si2ni,icant accountin2 policies and
other e9planatory in,ormation
5
,( comparative in,ormation in respect o,
the precedin2 period as speci,ied in
para2raphs $0 and $0A
5
2( a statement o, ,inancial position as at
the e2innin2 o, the precedin2 period
6hen an entity applies an accountin2
policy retrospectively or makes a
retrospective restatement o, items in
its ,inancial statements1 or 6hen it
reclassi,ies items in its ,inancial
statements in accordance 6ith IA/ #.
+"A:+"D
IA/ #.#"A
An entity may present a sin2le
statement o, pro,it or loss and other
comprehensive income1 6ith pro,it or
loss and other comprehensive income
presented in t6o sections. The
sections shall e presented to2ether1
6ith the pro,it or loss section
presented ,irst ,ollo6ed directly y the
other comprehensive income section.
5
3es 4o 4)A Comments
Pa2e $ o, #!$
)3 I!S (3('*.+
Do the ,inancial statements include a
statement o, ,inancial position as at the
e2innin2 o, the earliest comparative period1
i, the entity either7
a( Applies an accountin2 policy
retrospectively
5
( ;akes a retrospective restatement o,
items in its ,inancial statements
Or
5
c( &eclassi,ies items in its ,inancial
statements
5
3es 4o 4)A Comments
73 I!S (39(
Does the entity prominently display the
,ollo6in2 at least once in the ,inancial
statements7
a( The name o, the reportin2 entity or
other means o, identi,ication1 and any
chan2e in that in,ormation ,rom the
end o, the precedin2 reportin2 period
5
( <hether the ,inancial statements cover
the individual entity or a 2roup o,
entities
5
c( The end o, the reportin2 period or the
period covered y the ,inancial
statements or notes
5
I!S &(3:
d( The presentation currency as
de,ined in IA/ !#.0
5
e( The level o, roundin2 used in the
presentation o, amounts in the
,inancial statements
5
Corporate in.or0ation
3es 4o 4)A Comments
93 I!S (3():
I, not disclosed else6here in in,ormation
pulished 6ith the ,inancial statements1 does
the entity disclose the ,ollo6in27
a( The domicile o, the entity 5
( The le2al ,orm o, the entity 5
c( The entity=s country o, incorporation 5
d( The address o, the re2istered o,,ice %or
principal place o, usiness1 i, di,,erent
,rom the re2istered o,,ice(
5
e( The nature o, the entity=s operations
and its principal activities
5
,( The name o, the parent 5
2( The name o, the ultimate parent o, the
2roup
5
Pa2e + o, #!$
Co0pliance with International Financial Reporting
Standards
3es 4o 4)A Comments
;3 I!S (3(94 I!S (3(<4 I!S (3((&
Does the entity provide additional disclosures
i, the re8uirements in I>&/ are insu,,icient to
enale users to understand the impact o,
particular transactions1 other events1 and
conditions on the entity=s ,inancial position
and ,inancial per,ormance
I>&/ ?.?@
>or instance1 additional disclosures aout
nonAcurrent assets %or disposal 2roups(
classi,ied as held ,or sale or discontinued
operations %eyond those re8uired
speci,ically y I>&/ ? or other I>&/( may e
necessary to comply 6ith this re8uirement.
5
3es 4o 4)A Comments
<3 I!S (3(;
Does the entity disclose an e9plicit and
unreserved statement o, compliance 6ith
I>&/
IA/ #.#*
The entity does not descrie ,inancial
statements as complyin2 6ith I>&/ unless
they comply 6ith all the re8uirements o,
I>&/. In some -urisdictions1 additional
disclosure re8uirements apply1 6hich1 as lon2
as they do not con,lict 6ith I>&/16ould not
dis8uali,y a statement o, compliance 6ith
I>&/. /imilarly1 in certain -urisdictions1 the
applicale standards may e the same as
under I>&/1 ut may e the su-ect o, a
re2ulatory approval or endorsement
mechanism e,ore they ecome e,,ective.
Bntities in these -urisdictions may only re,er to
compliance 6ith I>&/ as issued y the IA/@
i, the applicale version o, I>&/ endorsed
and complied 6ith is consistent 6ith I>&/.
This is ,or instance the case in the BC1 6here
entities comply 6ith DI>&/ as endorsed y
the BCE and not DI>&/ issued y the IA/@E.
5
3es 4o 4)A Comments
Pa2e ? o, #!$
:3 I!S (3(84 I!S (3&'
In the e9tremely rare circumstances in 6hich
mana2ement concludes that compliance 6ith
a re8uirement in I>&/ 6ould e so
misleadin2 that it 6ould con,lict 6ith the
o-ective o, ,inancial statements set out in the
Framework1 and departs ,rom that
re8uirement %i, the relevant re2ulatory
,rame6ork re8uires or other6ise does not
prohiit such a departure(1 does the entity
disclose7
a( That mana2ement concluded that the
,inancial statements ,airly present the
entity=s ,inancial position1 ,inancial
per,ormance and cash ,lo6s
5
( That it complies 6ith applicale I>&/
e9cept that it departs ,rom a
re8uirement o, I>&/ to achieve a ,air
presentation
5
c( The title o, the I>&/ ,rom 6hich the
entity departs
5
d( The nature o, the departure 5
e( The treatment that I>&/ 6ould re8uire 5
,( The reason 6hy that treatment 6ould
e so misleadin2 in the circumstances
that it 6ould con,lict 6ith the o-ective
o, ,inancial statements set out in the
Framework
5
2( The treatment adopted1 and 5
h( >or each period presented1 the
,inancial impact o, the departure on
each item in the ,inancial statements
that 6ould have een reported in
complyin2 6ith the re8uirement
5
3es 4o 4)A Comments
83 I!S (3&(4 I!S (3&'
I, the entity departed ,rom a re8uirement o,
I>&/ in a prior period1 and the departure
a,,ects the amounts reco2nised in the
,inancial statements ,or the current reportin2
period1 does the entity disclose7
a( The title o, the I>&/ ,rom 6hich the
entity departs
5
( The nature o, the departure 5
c( The treatment that the I>&/ 6ould
re8uire
5
d( The reason 6hy that treatment 6ould
e so misleadin2 in the circumstances
that it 6ould con,lict 6ith the o-ective
o, ,inancial statements set out in the
Framework
5
e( The treatment adopted1 and 5
Pa2e * o, #!$
,( >or each period presented1 the
,inancial impact o, the departure on
each item in the ,inancial statements
that 6ould have een reported in
complyin2 6ith the re8uirement
5
3es 4o 4)A Comments
('3 I!S (3&)
In the e9tremely rare circumstances in 6hich
mana2ement concludes that compliance 6ith
a re8uirement in I>&/ 6ould e so
misleadin2 that it 6ould con,lict 6ith the
o-ective o, ,inancial statements set out in the
Framework1 ut the relevant re2ulatory
,rame6ork prohiits departure ,rom the
re8uirement1 does the entity1 to the ma9imum
e9tent possile1 reduce the perceived
misleadin2 aspects o, compliance y
disclosin27
a( The title o, the I>&/ in 8uestion 5
( The nature o, the re8uirement 5
c( The reason 6hy mana2ement
concluded that complyin2 6ith that
re8uirement is so misleadin2 in the
circumstances that it con,licts 6ith the
o-ective o, ,inancial statements set
out in the Framework
5
d( >or each period presented1 the
ad-ustments to each item in the
,inancial statements that mana2ement
has concluded 6ould e necessary to
achieve a ,air presentation
5
oing concern
IA/ #.!?1 IA/ #".#+ The entity does not prepare its ,inancial statements on a 2oin2
concern asis i, mana2ement determines e,ore or a,ter the reportin2 period either that
it intends to li8uidate the entity or to cease tradin21 or that it has no realistic alternative
ut to do so.
3es 4o 4)A Comments
((3 I!S (3&9
Does the entity disclose material
uncertainties related to events or conditions
that may cast si2ni,icant dout upon the
entity=s aility to continue as a 2oin2 concern
5
3es 4o 4)A Comments
(&3 I!S (3&9
I, the ,inancial statements are not prepared
on a 2oin2 concern asis1 does the entity
disclose7
a( The ,act that the ,inancial statements
are not prepared on a 2oin2 concern
asis
5
( The asis on 6hich the ,inancial
statements are prepared
5
Pa2e F o, #!$
c( The reason 6hy the entity is not
re2arded as a 2oin2 concern
5
Fre/uency o. reporting
3es 4o 4)A Comments
()3 I!S (3);
I, the entity=s reportin2 period chan2es and
the annual ,inancial statements are presented
,or a period lon2er or shorter than one year1
does the entity disclose7
a( The reportin2 period covered y the
5
( The reason ,or usin2 lon2er or shorter
periods
5
c( The ,act that amounts presented in the
,inancial statements are not entirely
comparale
5
Co0parative in.or0ation
3es 4o 4)A Comments
(73 I!S (3):
Does the entity disclose comparative
in,ormation ,or the previous period ,or all
amounts reported in the ,inancial statements1
unless an I>&/ permits or re8uires other6ise
5
3es 4o 4)A Comments
(93 I!S (3):
Does the entity include comparative
in,ormation ,or narrative and descriptive
in,ormation1 i, it is relevant to an
understandin2 o, the current reportin2
period=s ,inancial statements
5
3es 4o 4)A Comments
(;3 I!S (37(
I, the presentation or classi,ication o, items in
the ,inancial statements is amended and
comparative amounts are reclassi,ied %unless
the reclassi,ication cannot e applied a,ter
makin2 every reasonale e,,ort to do so(1
a( The nature o, the reclassi,ication 5
( The amount o, each item or class o,
items that is reclassi,ied
5
I!S (37&
c( The reason ,or the reclassi,ication
5
i( I, the entity cannot reclassity
comparative amounts a,ter makin2
every reasonale e,,ort to do so1
The reason ,or not reclassi,yin2 the
amounts
5
Pa2e 0 o, #!$
ii( The nature o, the ad-ustments that
6ould have een made i, the
amounts 6ere reclassi,ied
5
3es 4o 4)A Comments
(<3 I!S (3):!
Does the entity present1 as a minimum1 t6o
statements o, ,inancial position1 t6o
statements o, pro,it or loss and other
comprehensive income1 t6o separate
statements o, pro,it or loss %i, presented(1 t6o
statements o, cash ,lo6s and t6o statements
o, chan2es in e8uity1 and related notes
IA/ #.$0@In some cases1 narrative
in,ormation provided in the ,inancial
statements ,or the precedin2 period%s(
continues to e relevant in the current period.
5
Pa2e G o, #!$
I!S (3):C
a( <hen an entity voluntarily presents
comparative in,ormation in addition to
the minimum comparative ,inancial
statements re8uired y I>&/s1 does
the entity present related note
in,ormation ,or those additional
statements
IA/ #.$0C1 IA/ #.$0DAn entity may
present comparative in,ormation in
addition to the minimum comparative
,inancial statements re8uired y
I>&/s1 as lon2 as that in,ormation is
prepared in accordance 6ith I>&/s.
This comparative in,ormation may
consist o, one or more statements
re,erred to in IA/ #.#"1 ut need not
comprise a complete set o, ,inancial
statements.>or e9ample1 an entity may
present a third statement o, pro,it or
loss and other comprehensive income
%therey presentin2 the current period1
the precedin2 period and one
additional comparative period(.
Ho6ever1 the entity is not re8uired to
present a third statement o, ,inancial
position1 a third statement o, cash
,lo6s or a third statement o, chan2es
in e8uity %i.e.1 an additional ,inancial
statement comparative(. The entity is
re8uired to present1 in the notes to the
,inancial statements1 the comparative
in,ormation related to that additional
comprehensive income.IA/ #.+"AAn
entity must present a third statement
o, ,inancial position as at the e2innin2
o, the precedin2 period in addition to
the minimum comparative ,inancial
statements re8uired in IA/ #.$0A i,7%a(
It applies an accountin2 policy
retrospectively1 makes a retrospective
restatement o, items in its ,inancial
statements or reclassi,ies items in its
,inancial statements%( The
retrospective application1 retrospective
restatement or the reclassi,ication has
a material e,,ect on the in,ormation in
the statement o, ,inancial position at
the e2innin2 o, the precedin2 period.
5
I!S (37'B
( In the circumstances descried in
IA/ #.+"A1 does an entity present
three statements o, ,inancial position
as at7
5
Pa2e #" o, #!$
i( The end o, the current period 5
ii( The end o, the precedin2 period 5
iii( The e2innin2 o, the precedin2
period
5
I!S (37'C
c( <hen an entity is re8uired to
present an additional statement o,
,inancial position in accordance 6ith
IA/ #.+"A1 does the entity disclose the
in,ormation re8uired y IA/ #.+#:++
and IA/ 0
IA/ #.+"CHo6ever1 it need not
present the related notes to the
openin2 statement o, ,inancial position
as at the e2innin2 o, the precedin2
period.
5
I!S (37'D
d( <hen an entity presents an
openin2 statement o, ,inancial position
in accordance 6ith IA/ #.+"A1 is the
date o, this statement the e2innin2 o,
the precedin2 period even i, additional
comparative in,ormation is presented
in terms o, IA/ #.$0C
5
Consistency o. presentation
3es 4o 4)A Comments
(:3 I!S (379
Does the entity retain in the ,inancial
statements ,rom one period to the ne9t7
IA/ #.+?
The entity presents and classi,ies items on
the same asis in the ,inancial statements
,rom one reportin2 period to the ne9t unless it
is apparent1 ,ollo6in2 a si2ni,icant chan2e in
the nature o, the entity's operations or a
revie6 o, its ,inancial statement
demonstrates1 that another presentation or
classi,ication is more appropriate1 or unless a
chan2e in presentation is re8uired y I>&/.
a( The presentation o, items 5
( The classi,ication o, items 5
Date o. authorisation
3es 4o 4)A Comments
(83 I!S ('3(<
Does the entity disclose7
a( The date 6hen the ,inancial
statements 6ere authorised ,or issue
5
( <ho authorised the ,inancial
statements
5
Pa2e ## o, #!$
c( The ,act that the entity=s o6ners or
others have the po6er to amend the
,inancial statements a,ter issue1 i,
applicale
5
S-!-E=E5- $F FI5!5CI!6 "$SI-I$5
eneral
3es 4o 4)A Comments
)<3 I!S (3&8
Does the entity present each material class o,
similar items separately in the statement o,
,inancial position
5
3es 4o 4)A Comments
):3 I!S (3)&
Cnless re8uired or permitted y another
I>&/1 does the entity present separately and
not o,,set assets and liailities
IA/ #!.F#1 IA/ #!.F+1 IA/ $!.+!1 IA/ $G.$*1
IA/ #G.#$#Guidance on o,,settin2 current and
de,erred ta9 assets and liailities is in IA/
#!.F# and IA/ #!.F+1 respectively. Guidance
on o,,settin2 a ,inancial asset and a ,inancial
liaility is in IA/ $!.+! and IA/ $G.$*1
respectively. Guidance on o,,settin2 an asset
relatin2 to one plan a2ainst a liaility relatin2
to another plan is in IA/ #G.#$#.
5
Current>non,current distinction
3es 4o 4)A Comments
)83 I!S (3;'
I, the entity does not present separately
current and nonAcurrent assets in its
statement o, ,inancial position1 does it present
all assets in order o, li8uidity
IA/ #.*"
The entity shall present current and nonA
current assets separately in its statement o,
,inancial position1 e9cept 6hen a li8uidity
presentation is more reliale and more
relevant.
5
3es 4o 4)A Comments
7'3 I!S (3;'
I, the entity does not present separately
current and nonAcurrent liailities in its
statement o, ,inancial position1 does it present
all liailities in order o, li8uidity
IA/ #.*"
The entity shall present current and nonA
current liailities separately in its statement o,
,inancial position1 e9cept 6hen a li8uidity
presentation is more reliale and more
relevant.
5
Pa2e #! o, #!$
3es 4o 4)A Comments
7(3 I!S (3;'
I, the entity separately presents current and
nonAcurrent assets1 and current and nonA
current liailities in its statement o, ,inancial
position1 does the entity7
I!S (3;;
a( Classi,y an asset as current 6hen it7
i( Is e9pected to e realised in1 or is
intended ,or sale or consumption
in1 the entity=s normal operatin2
cycle
5
ii( Is held primarily ,or tradin2 5
iii( Is e9pected to e realised 6ithin #!
months a,ter the reportin2 period1
or
5
iv( Is cash or a cash e8uivalent asset
unless it is restricted ,rom ein2
e9chan2ed or used to settle a
liaility ,or at least #! months a,ter
the reportin2 period
IA/ #.*0
Current assets also include assets
held primarily ,or tradin2 %e9amples
include some ,inancial assets
classi,ied as held ,or tradin2 under
IA/ $G( and the current portion o,
nonAcurrent ,inancial assets.
5
I!S (3;8
( Classi,y a liaility as current i, it7
i( Is e9pected to e settled in the
entity=s normal operatin2 cycle
5
ii( Is held primarily ,or ein2 traded 5
iii( Is due to e settled 6ithin #!
months a,ter the reportin2 period1
or
5
Pa2e #$ o, #!$
iv( Does not have an unconditional
ri2ht to de,er settlement o, the
liaility ,or at least #! months a,ter
the reportin2 period. Terms o, a
liaility that can e settled 6ith
e8uity instruments at the option o,
the counterparty1 do not a,,ect its
classi,ication
IA/ #.F#
Other current liailities are not
settled as part o, the normal
operatin2 cycle1 ut are due ,or
settlement 6ithin #! months a,ter
the reportin2 period or held
primarily ,or tradin2. B9amples are
some ,inancial liailities classi,ied
as held ,or tradin2 under IA/ $G1
ank overdra,ts1 and the current
portion o, nonAcurrent ,inancial
liailities1 dividends payale1
income ta9es and other nonAtrade
payales.
5
I!S (3<&
c( Classi,y its ,inancial liailities as
current1 i, they are due to e settled
6ithin #! months a,ter the reportin2
period1 even i,7
i( The ori2inal term 6as ,or a period
lon2er than #! months
5
ii( An a2reement to re,inance1 or to
reschedule payments1 on a lon2A
term asis is completed a,ter the
reportin2 period and e,ore the
,inancial statements are authorised
,or issue
IA/ #.F$
Ho6ever1 i, the entity e9pects1 and
has the discretion to re,inance or
rollover an oli2ation ,or at least #!
months a,ter the reportin2 period
under an e9istin2 loan ,acility1 a
,inancial liaility is classi,ied as
nonAcurrent.
5
Pa2e #+ o, #!$
I!S (3<7
d( Classi,y its lon2Aterm liaility as
current i, the entity reaches a lon2A
term loan a2reement on or e,ore the
end o, the reportin2 period 6ith the
e,,ect that the liaility ecomes
payale on demand1 even i, the lender
a2rees %a,ter the reportin2 period and
e,ore the authorisation o, the ,inancial
statements ,or issue( not to demand
payment as a conse8uence o, the
reach
IA/ #.F?
Ho6ever1 an entity classi,ies a lon2A
term loan arran2ement as nonAcurrent
i,7
a. The lender a2reed y the end o, the
reportin2 period to provide a period o,
2race endin2 at least #! months a,ter
the reportin2 period1 6ithin 6hich the
entity can recti,y the reach
And
. Durin2 the 2race period the lender
cannot demand immediate repayment
5
3es 4o 4)A Comments
7&3 I!S (3;(
Does the entity disclose the amount e9pected
to e recovered or settled a,ter more than #!
months ,or each asset and liaility line item
that comines amounts e9pected to e
recovered or settled 6ithin t6elve months and
amounts e9pected to e recovered or settled
more than #! months a,ter the reportin2
period.
5
3es 4o 4)A Comments
7)3 I!S (39;
I, the entity distin2uishes et6een current
and nonAcurrent assets in its ,inancial
statements1 does it present de,erred ta9
assets as nonAcurrent assets
5
3es 4o 4)A Comments
773 I!S (39;
I, the entity distin2uishes et6een current
and nonAcurrent liailities in its ,inancial
statements1 does it present de,erred ta9
liailities as nonAcurrent liailities
5
In.or0ation presented in the state0ent o. .inancial
position
Pa2e #? o, #!$
3es 4o 4)A Comments
7;3 I!S (397
As a minimum1 does the entity include the
,ollo6in2 line items in its statement o,
,inancial position7
a( Property1 plant and e8uipment 5
( Investment property 5
c( Intan2ile assets 5
d( >inancial assets %e9cludin2 amounts
sho6n under %e(1 %h( and %i((
5
e( Investments accounted ,or usin2 the
e8uity method
5
,( @iolo2ical assets 5
2( Inventories 5
h( Trade and other receivales 5
i( Cash and cash e8uivalents 5
-( Trade and other payales 5
k( Provisions 5
l( >inancial liailities %e9cludin2 amounts
sho6n under %-( and %k(
5
m( .iailities and assets ,or current ta9 5
n( De,erred ta9 liailities and de,erred ta9
assets
5
o( 4onAcontrollin2 interest1 presented
6ithin e8uity
5
p( Issued capital and reserves
attriutale to o6ners o, the parent
IA/ #.?F
An entity may amend the descriptions
and orderin2 o, items or a22re2ation o,
similar items accordin2 to the nature o,
the entity and its transactions1 to
provide in,ormation that is relevant to
an understandin2 o, the entity=s
,inancial position.
5
3es 4o 4)A Comments
7<3 I!S (3974 IFRS 93):
Does the entity include the ,ollo6in2 line
items in the statement o, ,inancial position7
a( Total assets classi,ied as held ,or sale
and assets included in disposal 2roups
classi,ied as held ,or sale in
accordance 6ith I>&/ ?
5
( .iailities included in disposal 2roups
classi,ied as held ,or sale in
accordance 6ith I>&/ ?
5
3es 4o 4)A Comments
Pa2e #* o, #!$
7:3 I!S (3994 I!S (39<
Does the entity present additional line items1
headin2s and sutotals in the statement o,
,inancial position i, such presentation is
relevant to an understandin2 o, the entity=s
,inancial position
IA/ #.?F
>or e9ample7%a( line items are included 6hen
the size1 nature or ,unction o, an item or
a22re2ation o, similar items is such that
separate presentation is relevant to an
understandin2 o, the entity's ,inancial
positionI%( the descriptions used and the
orderin2 o, items or a22re2ation o, similar
items may e amended accordin2 to the
nature o, the entity and its transactions1 to
provide in,ormation that is relevant to an
understandin2 o, the entity's ,inancial
position. >or e9ample1 a ,inancial institution
may amend the aove descriptions to provide
in,ormation that is relevant to the operations
o, a ,inancial institution.
5
In.or0ation presented either in the state0ent o.
.inancial position or in the notes
3es 4o 4)A Comments
783 I!S (3<<
Does the entity disclose ,urther suA
classi,ications o, the line items presented1
classi,ied in a manner appropriate to the
entity=s operations
5
3es 4o 4)A Comments
9'3 IFRS 93):4 IFRS 93)8
Does the entity disclose separately the ma-or
classes o, assets and liailities classi,ied as
held ,or sale1 e9cept i, the disposal 2roup is a
ne6ly ac8uired susidiary that meets the
criteria to e classi,ied as held ,or sale at
ac8uisition
5
S-!-E=E5- $F "R$FI- $R 6$SS !5D $-?ER
C$="RE?E5SI@E I5C$=E
IA/ #.F The components o, other comprehensive income include7a. Chan2es in
revaluation surplus %see IA/ #* and IA/ $0(. &emeasurements o, de,ined ene,it
plans %see IA/ #G(c. Gains and losses arisin2 ,rom translatin2 the ,inancial statements
o, a ,orei2n operation %see IA/ !#(d. Gains and losses on remeasurin2 availaleA,orA
sale ,inancial assets %see IA/ $G(e. Gains and losses ,rom investments in e8uity
instruments measured at ,air value throu2h other comprehensive income in accordance
6ith para2raph ?.F.? o, I>&/ G i, the entity early adopts I>&/ G,. The e,,ective portion o,
2ains and losses on the hed2in2 instrument in a cash ,lo6 hed2e %see IA/ $G(2. >or
particular liailities desi2nated as at ,air value throu2h pro,it or loss1 the amount o, the
chan2e in ,air value that is attriutale to chan2es in the liaility's credit risk %see I>&/ G
i, the entity early adopts I>&/ G(
Pa2e #F o, #!$
eneral
3es 4o 4)A Comments
9(3 I!S (3:(!
Does the entity present in the statement o,
pro,it or loss and other comprehensive
income %statement o, comprehensive
income(1 in addition to the pro,it or loss and
other comprehensive income sections7
a( Pro,it or loss 5
( Total other comprehensive income 5
c( Comprehensive income ,or the period1
ein2 the total o, pro,it or loss and
other comprehensive income
5
3es 4o 4)A Comments
9&3 I!S (3:(!
I, an entity presents a separate statement o,
pro,it or loss1 does the statement presentin2
comprehensive income not include the pro,it
or loss section.
5
3es 4o 4)A Comments
9)3 I!S (3:(B
Does the entity present the ,ollo6in2 items1 in
addition to the pro,it or loss and other
comprehensive income sections1 as
allocation o, pro,it or loss and other
comprehensive income ,or the period7
a( Pro,it or loss ,or the period attriutale
to7
i( 4onAcontrollin2 interestsand 5
ii( O6ners o, the parent 5
( Comprehensive income ,or the period
attriutale to7
i( 4onAcontrollin2 interestsand 5
ii( O6ners o, the parent 5
3es 4o 4)A Comments
973 I!S (3:(B
I, an entity presents pro,it or loss in a
separate statement1 does the entity present
the allocation o, pro,it or loss et6een nonA
controllin2 interests and o6ners o, the parent
in that statement
5
3es 4o 4)A Comments
993 I!S (3&8
income
5
3es 4o 4)A Comments
Pa2e #0 o, #!$
9;3 I!S (3)&
Cnless re8uired or permitted y another
I>&/1 does the entity present separately1 and
not o,,set1 income and e9penses
IA/ #.$+1 IA/ #.$?
B9amples o, items that are or may e o,,set
in the statement o, pro,it or loss and other
comprehensive income include the ,ollo6in27
a. Gains and losses on the disposal o, nonA
current assets1 includin2 investments and
operatin2 assets1 are reported y deductin2
,rom the proceeds on disposal the carryin2
amount o, the asset and related sellin2
e9penses
. B9penditure related to a provision that is
reco2nised in accordance 6ith IA/ $F and
reimursed under a contractual arran2ement
6ith a third party %,or e9ample1 a supplier=s
6arranty a2reement( may e netted a2ainst
the related reimursement
c. Gains and losses arisin2 ,rom a 2roup o,
similar transactions are reported on a net
asis1 ,or e9ample1 ,orei2n e9chan2e 2ains
and losses or 2ains and losses arisin2 on
,inancial instruments held ,or tradin2.
Ho6ever1 an entity presents such 2ains and
losses separately i, they are material.
5
3es 4o 4)A Comments
Pa2e #G o, #!$
9<3 I!S (3::
Does the entity include all items o, income
and e9pense in a reportin2 period in pro,it or
loss %unless an I>&/ re8uires other6ise(
IA/ #.0G1 IA/ $!.+"
IA/ 0 speci,ies t6o circumstances in 6hich
the entity reco2nises items outside o, pro,it or
loss : corrections o, errors and the e,,ect o,
chan2es in accountin2 policies. Other I>&/
re8uire or permit an entity to e9clude items o,
other comprehensive income that meet the
>rame6ork=s de,inition o, income or e9pense
,rom pro,it or loss.
An entity may classi,y dividends reco2nised
as an e9pense either 6ith interest on other
liailities1 or as a separate item in the
statement%s( o, pro,it or loss and other
comprehensive income. Disclosure o, interest
and dividends is su-ect to the re8uirements
o, IA/ # and I>&/ F. In some circumstances1
ecause o, si2ni,icant di,,erences et6een
interest and dividends on matters such as ta9
deductiility1 it is desirale to disclose them
separately 6ithin the statement%s( o, pro,it or
loss and other comprehensive income.
Disclosures o, the ta9 e,,ects are made in
accordance 6ith IA/ #!.
5
In.or0ation to %e presented in the state0ent o.
co0prehensive inco0e
3es 4o 4)A Comments
9:3 I!S (3:&
Does the entity present in addition to items
re8uired y other I>&/1 in the pro,it or loss
section or the statement o, pro,it or loss line
items 6ith the ,ollo6in2 amounts ,or the
period7
a( &evenue 5
( Gains and losses arisin2 ,rom the
dereco2nition o, ,inancial assets
measured at amortised cost %i, the
entity early adopts I>&/ G(
5
c( >inance costs 5
d( /hare o, the pro,it or loss o, associates
and -oint ventures accounted ,or usin2
the e8uity method7
5
Pa2e !" o, #!$
e( I, a ,inancial asset is reclassi,ied so
that it is measured at ,air value1 any
2ain or loss arisin2 ,rom a di,,erence
et6een the previous carryin2 amount
and its ,air value at the reclassi,ication
date %as de,ined in I>&/ G i, the entity
early adopts I>&/ G(
5
,( Ta9 e9pense 5
2( A sin2le amount ,or the total o,
discontinued operations %see I>&/ ?(
5
3es 4o 4)A Comments
983 I!S (3:&!
Does the entity include under the other
comprehensive income section line items ,or
amounts o, other comprehensive income in
the period1 classi,ied y nature %includin2 the
share o, the other comprehensive income o,
associates and -oint ventures accounted ,or
usin2 the e8uity method(
5
3es 4o 4)A Comments
;'3 I!S (3:&!
Does the entity 2roup the line items ?G1 in
those that1 in accordance 6ith other I>&/7
a( <ill not e reclassi,ied suse8uently to
pro,it or loss
5
( <ill e reclassi,ied suse8uently to
pro,it or loss 6hen speci,ic conditions
are met
5
3es 4o 4)A Comments
;73 I!S (3:94 I!S (3:;
Does the entity present additional line items1
headin2s and sutotals in the statement o,
income i, such presentation is relevant to an
understandin2 o, the entity=s ,inancial
per,ormance
IA/ #.0F
The entity must not present any items o,
income and e9pense as e9traordinary items.
5
In.or0ation presented either in state0ent o. pro.it
or loss and other co0prehensive inco0e or in the
notes
3es 4o 4)A Comments
Pa2e !# o, #!$
;93 I!S (38<
I, items o, income and e9pense are material1
does the entity disclose the ,ollo6in27
IA/ #.G0
Circumstances that may result in the
separate disclosure o, items o, income and
e9pense7 a) The write-down of inventories to
net realisable value or property, plant and
equipment to recoverable amount, as well as
reversals of such write-downs
b) A restructuring of the activities of an entity
and reversals of any provisions for the costs
of restructuring
c) Disposals of items of property, plant and
equipment
d) Disposals of investments
e) Discontinued operations
f) itigation settlements
g) !ther reversals of provisions
a( The amount 5
( The nature o, the item 5
3es 4o 4)A Comments
;;3 I!S (388
Does the entity present or disclose an
analysis o, e9penses usin2 a classi,ication
%6hichever is reliale and more relevant(
ased on either7
I!S (3('&
a( The nature o, e9penses1 or
5
I!S (3(')
( The ,unction o, e9penses 6ithin the
entity %in 6hich case the entity
discloses1 as a minimum1 its cost o,
sales(
5
3es 4o 4)A Comments
;<3 I!S (3(''
Does the entity present the analysis o,
e9penses1 as descried in IA/ #.GG1 in its
comprehensive income
5
3es 4o 4)A Comments
;:3 I!S (3('7
I, the entity classi,ies e9penses y ,unction1
does it disclose additional in,ormation on the
nature o, e9penses1 includin27
a( depreciation and amortisation e9pense 5
( employee ene,its e9pense. 5
3es 4o 4)A Comments
Pa2e !! o, #!$
;83 I!S (38'4 I!S (&3:(
Does the entity disclose the income ta9
relatin2 to each item o, other comprehensive
income1 includin2 reclassi,ication
ad-ustments.
IA/ #.G#
The entity may present items o, other
comprehensive income either net o, related
ta9 e,,ects1 or e,ore related ta9 e,,ects1 6ith
one amount sho6n ,or the a22re2ate amount
o, income ta9 relatin2 to those components.
5
a( I, an entity presents reclassi,ication
ad-ustments in the notes1 are the items
o, other comprehensive income
presented in the statement a,ter any
reclassi,ication ad-ustments
5
3es 4o 4)A Comments
<'3 I!S (38&
Does the entity disclose reclassi,ication
ad-ustments relatin2 to components o, other
comprehensive income
IA/ #.G? B9amples o, reclassi,ication
ad-ustments include7a( disposal o, a ,orei2n
operation %see IA/ !#(I( dereco2nition o,
availaleA,orAsale ,inancial assets %see IA/
$G(c( <hen a hed2ed ,orecast cash ,lo6
a,,ects pro,it or loss %see IA/ $G( IA/
#.G*&eclassi,ication ad-ustments do not arise
on chan2es in revaluation surplus reco2nised
under IA/ #* or IA/ $01 or on actuarial 2ains
and losses on remeasurements o, de,ined
ene,it plans. These are not reclassi,ied to
pro,it or loss. JltIrJ2tIChan2es in
revaluation surplus may e trans,erred to
retained earnin2s in suse8uent periods as
the asset is used or 6hen it is deco2nised
%see IA/ #*.+# and IA/ $0.0F(.
5
Distri%utions o. non,cash assets to owners *IFRIC
(<+
3es 4o 4)A Comments
<&3 IFRIC (<3(74 IFRIC (<3(9
I, the entity settles a dividend payale y
distriutin2 nonAcash assets1 does the entity
present any di,,erence et6een the carryin2
amount o, the assets distriuted and the
carryin2 amount o, the dividend payale as a
separate line item in pro,it or loss.
5
S-!-E=E5- $F C!S? F6$AS
eneral
3es 4o 4)A Comments
Pa2e !$ o, #!$
:73 I!S (3&8
cash ,lo6s.
5
"resentation
3es 4o 4)A Comments
:93 I!S <3('
Are the cash ,lo6s durin2 the period
classi,ied y operatin21 investin2 and
,inancin2 activities.
IA/ F.*1 IA/ F.#+A#FDe,initions o, di,,erent
cate2ories o, cash ,lo6s are presented in IA/
F.* and e9amples are presented in IA/ F.#+A
#F.
5
3es 4o 4)A Comments
:;3 I!S <3(:
Does the entity report cash ,lo6s ,rom
operatin2 activities usin2 either7
a( The direct method1 disclosin2 ma-or
classes o, 2ross cash receipts and
2ross cash payments %this method is
encoura2ed(1 Or
5
( The indirect method1 in 6hich the
entity ad-usts net pro,it or loss ,or the
e,,ects o, transactions o, a nonAcash
nature1 any de,errals or accruals o,
past or ,uture operatin2 cash receipts
or payments and items o, income or
e9pense associated 6ith investin2 or
,inancin2 cash ,lo6s
The startin2 point ,or the reconciliation
o, cash ,lo6s ,rom operatin2 activities
in the statement o, cash ,lo6s1
prepared usin2 the indirect method1 is
pro,it or loss1 either e,ore or a,ter ta9.
5
3es 4o 4)A Comments
:<3 I!S <3&(
Does the entity report ma-or classes o, 2ross
receipts and 2ross cash payments arisin2
,rom investin2 and ,inancin2 activities
separately1 e9cept as descried in IA/ F.!!
elo6.
5
3es 4o 4)A Comments
Pa2e !+ o, #!$
::3 I!S <3&&
Are cash ,lo6s arisin2 ,rom the ,ollo6in2
operatin21 investin2 or ,inancin2 activities
reported on a net asis7
IA/ F.!+ Cash ,lo6s arisin2 ,rom each o, the
,ollo6in2 activities o, a ,inancial institution
may e reported on a net asis7a( Cash
receipts and payments ,or the acceptance
and repayment o, deposits 6ith a ,i9ed
maturity date( The placement o, deposits
6ith and 6ithdra6al o, deposits ,rom other
,inancial institutionsc( Cash advances and
loans made to customers and the repayment
o, those advances and loans
a( Cash receipts and payments on ehal,
o, customers1 i, the cash ,lo6s re,lect
the activities o, the customer rather
than those o, the entity
5
( Cash receipts and payments ,or items
in 6hich the turnover is 8uick1 the
amounts are lar2e1 and the maturities
are short
5
Co0ponents o. cash and cash e/uivalents
IA/ F.0@ank orro6in2s are 2enerally considered to e ,inancin2 activities. Ho6ever1 in
some countries1 ank overdra,ts that are repayale on demand ,orm an inte2ral part o,
the entity=s cash mana2ement. In these circumstances1 ank overdra,ts are included as
a component o, cash and cash e8uivalents. A characteristic o, such ankin2
arran2ements is that the ank alance o,ten ,luctuates ,rom ein2 positive to
overdra6n.
3es 4o 4)A Comments
:83 I!S <379
Does the entity disclose the components o,
cash and cash e8uivalents
5
3es 4o 4)A Comments
8'3 I!S <37;
Does the entity disclose the policy ,or
determinin2 the composition o, cash and
cash e8uivalents
5
3es 4o 4)A Comments
8(3 I!S <379
Does the entity reconcile the amounts o, cash
and cash e8uivalents in the statement o, cash
,lo6s 6ith the e8uivalent items in the
statement o, ,inancial position
5
$ther cash .low in.or0ation
3es 4o 4)A Comments
8;3 I!S <3)(
Does the entity separately disclose the
,ollo6in27
a( Cash in,lo6 ,rom interest 5
( Cash out,lo6 ,rom interest 5
c( Cash in,lo6 ,rom dividends 5
Pa2e !? o, #!$
d( Cash out,lo6 ,rom dividends 5
3es 4o 4)A Comments
8<3 I!S <3)94 I!S <3);
Cash ,lo6s arisin2 ,rom ta9es on income
mustl e separately disclosed and must e
classi,ied as cash ,lo6s ,rom operatin2
activities unless they can e speci,ically
identi,ied 6ith ,inancin2 and investin2
activities. I, the entity allocates ta9 cash ,lo6s
to more than one class o, activity1 or all to
operatin2 activities1 does the entity disclose
the total amount o, ta9es paid
5
3es 4o 4)A Comments
8:3 I!S <37)
Are investin2 and ,inancin2 transactions that
do not re8uire the use o, cash or cash
e8uivalents7
a( B9cluded ,rom the statement o, cash
,lo6s
5
( Disclosed else6here in the ,inancial
statements in a 6ay that provides all
the relevant in,ormation aout these
investin2 and ,inancin2 activities
5
3es 4o 4)A Comments
883 I!S <37:
Does the entity disclose the ,ollo6in2
re2ardin2 si2ni,icant cash and cash
e8uivalent alances held1 that are not
availale ,or use y the 2roup7
a( The amount 5
( A commentary y mana2ement 5
3es 4o 4)A Comments
(''3 I!S <39'
a( The amount o, undra6n orro6in2
,acilities that may e availale in the
,uture ,or the operatin2 activities and
settlin2 capital commitments1 and
indicate any restrictions on the use o,
these ,acilities
5
( The a22re2ate amount o, cash ,lo6s
that represent increases in operatin2
capacity separately ,rom those cash
,lo6s that are re8uired to maintain
operatin2 capacity
5
I!S <39&
c( Cash ,lo6s o, each reportale
se2ment arisin2 ,rom7
i( Operatin2 activities 5
ii( Investin2 activities 5
iii( >inancin2 activities 5
Pa2e !* o, #!$
S-!-E=E5- $F C?!5ES I5 EBCI-Y
eneral
3es 4o 4)A Comments
('(3 I!S (3&8
chan2es in e8uity.
5
3es 4o 4)A Comments
('&3 I!S (3(';
Does the statement o, chan2es in e8uity
include the ,ollo6in27
a( Total comprehensive income ,or the
period1 sho6in2 separately the total
amounts attriutale to o6ners o, the
parent and to nonAcontrollin2 interests
5
I!S :3&&
( >or each component o, e8uity1 the
e,,ects o, retrospective application or
retrospective restatement reco2nised
in accordance 6ith IA/ 0
5
c( >or each component o, e8uity1 a
reconciliation et6een the carryin2
amount at the e2innin2 and the end
o, the period1 separately disclosin2
chan2es resultin2 ,rom7
IA/ #.#"0 >or e9ample1 components
o, e8uity include each class o,
contriuted e8uity1 the accumulated
alance o, each class o, other
comprehensive income and retained
earnin2s.
i( Pro,it or loss 5
ii( Other comprehensive income 5
iii( Transactions 6ith o6ners in their
capacity as o6ners1 sho6in2
separately contriutions y and
distriutions to o6ners and
chan2es in o6nership interests in
susidiaries that do not result in a
loss o, control
5
3es 4o 4)A Comments
(')3 I!S (3(';!
Does the entity disclose ,or each component
o, e8uity1 either in the statement o, chan2es
in e8uity or in the notes1 an analysis o, other
comprehensive income y item
5
3es 4o 4)A Comments
('73 I!S (3('<
Does the entity disclose1 either in the
statement o, chan2es in e8uity1 or in the
notes7
Pa2e !F o, #!$
a( The amount o, dividends reco2nised
as distriutions to o6ners durin2 the
period
5
( The related amount o, dividends per
share
IA/ $!.$?1 IA/ $!.$?A I>&/
$.?$Interest1 dividends1 losses and
2ains relatin2 to a ,inancial instrument
or a component that is a ,inancial
liaility shall e reco2nised as income
or e9pense in pro,it or loss.
Distriutions to holders o, an e8uity
instrument shall e reco2nised y the
entity directly in e8uity. Transaction
costs o, an e8uity transaction shall e
accounted ,or as a deduction ,rom
e8uity.Income ta9 relatin2 to
distriutions to holders o, an e8uity
instrument and to transaction costs o,
an e8uity transaction shall e
accounted ,or in accordance 6ith IA/
#! Income Ta9es.
5
3es 4o 4)A Comments
('93 I!S )&3)84 I!S (3('8
amount o, transaction costs accounted ,or as
a deduction ,rom e8uity in the reportin2
period in the statement o, chan2es in e8uity
5
3es 4o 4)A Comments
(';3 I!S )&3)84 I!S (&3:(4 I!S )&38<=
Does the entity include the income ta9es
associated 6ith transaction costs accounted
,or as a deduction ,rom e8uity in the
a22re2ate amount o, current and de,erred ta9
credited or char2ed to e8uity
5
5$-ES -$ -?E FI5!5CI!6 S-!-E=E5-S
IA/ #.##+1 IA/ #.#*1 IA/ #.0F1 IA/ #.##F4otes are normally presented in the ,ollo6in2
order1 6hich assists users in understandin2 the ,inancial statements and comparin2
them 6ith ,inancial statements o, other entities7a( a statement o, compliance 6ith
I>&/I( a summary o, si2ni,icant accountin2 policies appliedIc( supportin2 in,ormation
,or items presented on the ,ace o, each ,inancial statement in the order in 6hich each
statement and each line item is presentedd( other disclosures1 includin27 i( contin2ent
liailities and unreco2nised contractual commitments ii( nonA,inancial disclosures1
such as the entity=s ,inancial risk mana2ement o-ectives and policies.The entity does
not present any items o, income or e9pense as e9traordinary items in the notes.
eneral
3es 4o 4)A Comments
('<3 I!S (3((&
Do the notes to the ,inancial statements
disclose7
a( The asis o, preparation o, the
5
( The speci,ic accountin2 policies used 5
Pa2e !0 o, #!$
c( The in,ormation re8uired y I>&/ that
is not presented in the statement o,
,inancial position1 statement o, pro,it or
loss and other comprehensive income1
statement o, chan2es in e8uity or the
statement o, cash ,lo6s
5
d( In,ormation that is not presented in the
statement o, ,inancial position1
statement o, comprehensive income1
statement o, chan2es in e8uity or the
statement o, cash ,lo6s ut is relevant
to an understandin2 o, any o, them
5
3es 4o 4)A Comments
(':3 I!S (3(()
Does the entity present notes to the ,inancial
statements in a systematic manner1 as ,ar as
practical
5
3es 4o 4)A Comments
('83 I!S (3(()
Does the entity crossAre,erence each item in
the statement o, ,inancial position1 statement
o, comprehensive income1 statement o,
chan2es in e8uity and statement o, cash
,lo6s to any related in,ormation in the notes
5
!ccounting policies4 key 0easure0ent
assu0ptions and capital
Su00ary o. signi.icant accounting policies
3es 4o 4)A Comments
(('3 I!S (3((<
Does the entity disclose in the summary o,
si2ni,icant accountin2 policies7
a( The measurement asis or ases %,or
e9ample1 historical cost1 current cost1
net realisale value1 ,air value or
recoverale amount( used in preparin2
the ,inancial statements
5
( the other accountin2 policies used that
are relevant to an understandin2 o, the
IA/ #.##0I, an entity uses more than
one measurement asis in the
,inancial statements1 it is su,,icient to
indicate the measurement asis ,or
cate2ories o, assets and liailities %,or
e9ample1 6hen particular classes o,
assets are revalued(.
5
3es 4o 4)A Comments
(((3 I!S (3(&(4 I!S :3('
Does the entity disclose each si2ni,icant
accountin2 policy that is not speci,ically
re8uired y I>&/1 ut is selected and applied
under IA/ 0
5
Pa2e !G o, #!$
3es 4o 4)A Comments
((&3 I!S (3(&&
Does the entity disclose the -ud2ements
%apart ,rom those involvin2 estimations( y
mana2ement that have the most si2ni,icant
e,,ect on the amounts reco2nised in the
IA/ #.#!+ /ome o, the disclosures re8uired
y IA/ #.#!! are re8uired y other I>&/. >or
e9ample1 IA/ !F re8uires the entity to
disclose the reasons 6hy the entity=s
o6nership interest does not constitute control
,or an investee that is not a susidiary
althou2h more than hal, o, its votin2 or
potential votin2 po6er is o6ned directly or
indirectly throu2h susidiaries.Disclosure
re8uirements relatin2 to speci,ic accountin2
policies are included in the suse8uent
sections o, this checklist.
5
Capital
3es 4o 4)A Comments
((83 I!S (3()7
Does the entity disclose in,ormation that
enales users o, its ,inancial statements to
evaluate the entity=s o-ectives1 policies and
processes ,or mana2in2 capital
5
3es 4o 4)A Comments
(&'3 I!S (3()9
Does the entity disclose the ,ollo6in21 ased
on the in,ormation provided internally to the
entity=s key mana2ement personnel7
IA/ #.#$*The entity may mana2e capital in
many 6ays and e su-ect to many di,,erent
capital re8uirements. >or e9ample1 a
con2lomerate may include entities that
undertake insurance activities and ankin2
activities1 and those entities may operate in
several -urisdictions. I, an a22re2ate
disclosure o, capital re8uirements and ho6
the entity mana2es capital does not provide
use,ul in,ormation or distorts a ,inancial
statement user=s understandin2 o, an entity=s
capital resources1 the entity discloses
separate in,ormation ,or each capital
re8uirement to 6hich the entity is su-ect.IA/
#.#$? %a(%ii(B9ternally imposed capital
re8uirements re,erred to in IA/ #.#$?%a(%ii(
only re,lect capital re8uirements imposed y
a re2ulator or a prudential supervisor. Capital
re8uirements1 as imposed y a ank or
creditor are considered a contractual
oli2ation and are there,ore not in the scope
o, IA/ #.#$?%a(%ii(.
Pa2e $" o, #!$
a( Kualitative in,ormation aout its
o-ectives1 policies and processes ,or
mana2in2 capital1 includin2 %ut not
limited to(7
i( A description o, 6hat it mana2es as
capital
5
ii( I, the entity is su-ect to e9ternally
imposed capital re8uirements1 the
nature o, those re8uirements and
ho6 those re8uirements are
incorporated into the mana2ement
o, capital
5
iii( Ho6 it is meetin2 its o-ectives ,or
mana2in2 capital
5
( /ummary 8uantitative data aout 6hat
it mana2es as capital
/ome entities re2ard some ,inancial
liailities %,or e9ample1 some ,orms o,
suordinated det( as part o, capital.
Other entities re2ard capital as
e9cludin2 some components o, e8uity
%,or e9ample1 components arisin2 ,rom
cash ,lo6 hed2es(.
5
c( Any chan2es in %a( and %( ,rom the
previous period
5
d( <hether durin2 the period it complied
6ith any e9ternally imposed capital
re8uirements to 6hich it is su-ect
5
e( I, the entity did not comply 6ith the
e9ternally imposed capital
re8uirements to 6hich it is su-ect1 the
conse8uences o, such nonA
compliance
5
Structured entities *.or0er special purpose
entities+
I>&/ #! @!#1 I>&/ #! @!!A structured entity is an entity that has een desi2ned so
that votin2 or similar ri2hts are not the dominant ,actor in decidin2 6ho controls the
entity1 such as 6hen any votin2 ri2hts relate to administrative tasks only and the
relevant activities are directed y means o, contractual arran2ements.A structured entity
o,ten has some or all o, the ,ollo6in2 ,eatures or attriutes7%a( &estricted activities%( A
narro6 and 6ellAde,ined o-ective1 such as to e,,ect a ta9Ae,,icient lease1 carry out
research and development activities1 provide a source o, capital or ,undin2 to an entity
or provide investment opportunities ,or investors y passin2 on risks and re6ards
associated 6ith the assets o, the structured entity to investors%c( Insu,,icient e8uity to
permit the structured entity to ,inance its activities 6ithout suordinated ,inancial
support%d( >inancin2 in the ,orm o, multiple contractually linked instruments to investors
that create concentrations o, credit or other risks %tranches(I, structured entities are
consolidated ecause they are controlled1 they are su-ect to the same disclosure
re8uirements as susidiaries. In addition there are certain ,urther disclosure
re8uirements detailed elo6.
3es 4o 4)A Comments
Pa2e $# o, #!$
(:73 IFRS (&3(7
Does the entity disclose the terms o, any
contractual arran2ements that could re8uire
the parent or its susidiaries to provide
,inancial support to a consolidated structured
entity1 includin2 events or circumstances that
could e9pose the reportin2 entity to a loss
%e.2.1 li8uidity arran2ements or credit ratin2
tri22ers associated 6ith oli2ations to
purchase assets o, the structured entity or
provide ,inancial support(
5
3es 4o 4)A Comments
(:93 IFRS (&3(9
I, durin2 the reportin2 period a parent or any
o, its susidiaries has1 6ithout havin2 a
contractual oli2ation to do so1 provided
,inancial or other support to a consolidated
structured entity %e.2.1 purchasin2 assets o, or
instruments issued y the structured entity(1
a( The type and amount o, support
provided1 includin2 situations in 6hich
the parent or its susidiaries assisted
the structured entity in otainin2
,inancial support
And
5
( The reasons ,or providin2 the support 5
3es 4o 4)A Comments
(:;3 IFRS (&3(;
I,1 durin2 the reportin2 period1 a parent or any
o, its susidiaries has1 6ithout havin2 a
contractual oli2ation to do so1 provided
,inancial or other support to a previously
unconsolidated structured entity and that
provision o, support resulted in the entity
controllin2 the structured entity1 does the
entity disclose an e9planation o, the relevant
,actors in reachin2 that decision
5
3es 4o 4)A Comments
(:<3 IFRS (&3(<
Does the entity disclose any current
intentions to provide ,inancial or other support
to a consolidated structured entity1 includin2
intentions to assist the structured entity in
otainin2 ,inancial support
5
Cnconsolidated structured entities
I>&/ #!.!+ An entity shall disclose in,ormation that enales users o, its ,inancial
statements7 a. To understand the nature and e9tent o, its interests in unconsolidated
structured entities %para2raphs !*A!0(I and. To evaluate the nature o,1 and chan2es in1
the risks associated 6ith its interests in unconsolidated structured entities %para2raphs
!GA$#(
3es 4o 4)A Comments
Pa2e $! o, #!$
(::3 IFRS (&3&;
Does the entity disclose 8ualitative and
8uantitative in,ormation aout its interests in
unconsolidated structured entities1 includin21
ut not limited to1 the nature1 purpose1 size
and activities o, the structured entity and ho6
the structured entity is ,inanced
I>&/ #!.!0An entity shall present the
in,ormation in para2raph !F%( and %c( in
taular ,ormat1 unless another ,ormat is more
appropriate1 and classi,y its sponsorin2
activities into relevant cate2ories %see
para2raphs @!A@*(.
5
3es 4o 4)A Comments
(:83 IFRS (&3&<
I, an entity has sponsored an unconsolidated
structured entity ,or 6hich it does not provide
in,ormation %e.2.1 ecause it does not have an
interest in the entity at the reportin2 date(1
a( Ho6 it has determined 6hich
structured entities it has sponsored
5
( Income ,rom those structured entities
durin2 the reportin2 period1 includin2 a
description o, the types o, income
presented
5
c( The carryin2 amount %at the time o,
trans,er( o, all assets trans,erred to
those structured entities durin2 the
reportin2 period
5
3es 4o 4)A Comments
(8'3 IFRS (&3&8
Does the entity %in taular ,ormat unless
another ,ormat is more appropriate( disclose
a summary o,7
a( The carryin2 amounts o, the assets
and liailities reco2nised in its ,inancial
statements relatin2 to its interests in
unconsolidated structured entities
5
( The line items in the statement o,
,inancial position in 6hich those assets
and liailities are reco2nised
5
c( The amount that est represents the
entity=s ma9imum e9posure to loss
,rom its interests in unconsolidated
structured entities1 includin2 ho6 the
ma9imum e9posure to loss is
determined1 unless the entity cannot
8uanti,y its ma9imum e9posure to loss
structured entities1 then that ,act and
the reasons
5
Pa2e $$ o, #!$
d( A comparison o, the carryin2 amounts
o, the assets and liailities o, the entity
that relate to its interests in
unconsolidated structured entities and
the entity=s ma9imum e9posure to loss
,rom those entities
5
3es 4o 4)A Comments
(8(3 IFRS (&3B&;
e9ample o, additional in,ormation that1
dependin2 on the circumstances1 mi2ht e
relevant to an assessment o, the risks to
6hich an entity is e9posed 6hen it has an
interest in an unconsolidated structured
entity7
a( The terms o, an arran2ement that could
re8uire the entity to provide ,inancial
support to an unconsolidated
structured entity %e.2.1 li8uidity
arran2ements or credit ratin2 tri22ers
associated 6ith oli2ations to
purchase assets o, the structured
entity or provide ,inancial support(1
includin27
i( A description o, events or
circumstances that could e9pose
the reportin2 entity to a loss
5
ii( <hether there are any terms that
6ould limit the oli2ation
5
iii( <hether there are any other
parties that provide ,inancial
support and1 i, so1 ho6 the
reportin2 entity=s oli2ation ranks
6ith those o, other parties
5
( .osses incurred y the entity durin2
the reportin2 period relatin2 to its
interests in unconsolidated structured
entities
5
c( The types o, income the entity
received durin2 the reportin2 period
structured entities
5
d( <hether the entity is re8uired to
asor losses o, an unconsolidated
structured entity e,ore other parties1
the ma9imum limit o, such losses ,or
the entity1 and %i, relevant( the rankin2
and amounts o, potential losses orne
y parties 6hose interests rank lo6er
than the entity=s interest in the
unconsolidated structured entity
5
Pa2e $+ o, #!$
e( In,ormation aout any li8uidity
arran2ements1 2uarantees or other
commitments 6ith third parties that
may a,,ect the ,air value or risk o, the
entity=s interests in unconsolidated
structured entities
5
,( Any di,,iculties an unconsolidated
structured entity has e9perienced in
,inancin2 its activities durin2 the
reportin2 period
5
3es 4o 4)A Comments
(8&3 IFRS (&3)'
I,1 durin2 the reportin2 period1 the entity has1
6ithout havin2 a contractual oli2ation to do
so1 provided ,inancial or other support to an
unconsolidated structured entity in 6hich it
previously had or currently has an interest
%,or e9ample1 purchasin2 assets o, or
instruments issued y the structured entity(1
a( The type and amount o, support
provided1 includin2 situations in 6hich
the entity assisted the structured entity
in otainin2 ,inancial support
5
( The reasons ,or providin2 the support 5
3es 4o 4)A Comments
(8)3 IFRS (&3)(
Does the entity disclose any current
intentions to provide ,inancial or other support
to an unconsolidated structured entity1
includin2 intentions to assist the structured
entity in otainin2 ,inancial support
5
Pa2e $? o, #!$
-ransition to IFRS (' and IFRS ((
I>&/ #".C!1 I>&/ #".C!A1 I>&/ #".C!@An entity must apply this I>&/ retrospectively1
in accordance 6ith IA/ 0 Accountin2 Policies1 Chan2es in Accountin2 Bstimates and
Brrors1 e9cept as speci,ied in para2raphs C!A:C*. 4ot6ithstandin2 the re8uirements o,
para2raph !0 o, IA/ 01 6hen this I>&/ is ,irst applied1 an entity need only present the
8uantitative in,ormation re8uired y para2raph %!0,( o, IA/ 0 ,or the annual period
immediately precedin2 the date o, initial application o, this I>&/ %the Limmediately
precedin2 periodL(. An entity may also resent this in,ormation ,or the current period or
,or earlier comparative period1 ut is not re8uired to do so.I>&/ #".C$>or the purposes
o, this I>&/1 the date o, initial application is the e2innin2 o, the annual reportin2 period
,or 6hich this I>&/ is applied ,or the ,irst time.I>&/ #".C+1 I>&/ #".C+A1 I>&/ #".C+@1
I>&/ #".C+CAt the date o, initial application1 an entity is not re8uired to make
ad-ustments to the previous accountin2 ,or its involvement 6ith either7%a( Bntities that
6ould e consolidated at that date in accordance 6ith IA/ !F Consolidated and
/eparate >inancial /tatements and /ICA#! ConsolidationM/pecial Purpose Bntities
and1 are still consolidated in accordance 6ith this I>&/ or%( Bntities that 6ould not e
consolidated at that date in accordance 6ith IA/ !F and /ICA#! and1 are not
consolidated in accordance 6ith this I>&/I,1 at the date o, initial application1 an investor
concludes that it must consolidate an investee that 6as not consolidated in accordance
6ith IA/ !F and /ICA#!1 the investor must7%a( i, the investee is a usiness %as de,ined in
I>&/ $ @usiness Cominations(1 measure the assets1 liailities and nonAcontrollin2
interests in that previously unconsolidated investee as i, that investee had een
consolidated %and thus had applied ac8uisition accountin2 in accordance 6ith I>&/ $(
,rom the date 6hen the investor otained control o, that investee on the asis o, the
re8uirements o, this I>&/. The investor must ad-ust retrospectively the annual period
immediately precedin2 the date o, initial application. <hen the date that control 6as
otained is earlier than the e2innin2 o, the immediately precedin2 period1 the investor
must reco2nise1 as an ad-ustment to e8uity at the e2innin2 o, the immediately
precedin2 period1 any di,,erence et6een7 %i( the amount o, assets1 liailities and nonA
controllin2 interests reco2nisedI and%ii( the previous carryin2 amount o, the investor's
involvement 6ith the investee.%( i, the investee is not a usiness %as de,ined in I>&/
$(1 measure the assets1 liailities and nonAcontrollin2 interests in that previously
unconsolidated investee as i, that investee had een consolidated %applyin2 the
ac8uisition method as descried in I>&/ $ ut 6ithout reco2nisin2 any 2ood6ill ,or the
investee( ,rom the date 6hen the investor otained control o, that investee on the asis
o, the re8uirements o, this I>&/. The investor must ad-ust retrospectively the annual
period immediately precedin2 the date o, initial application. <hen the date that control
6as otained is earlier than the e2innin2 o, the immediately precedin2 period1 the
investor must reco2nise1 as an ad-ustment to e8uity at the e2innin2 o, the immediately
precedin2 period1 any di,,erence et6een7%i( the amount o, assets1 liailities and nonA
controllin2 interests reco2nised%ii( the previous carryin2 amount o, the investor's
involvement 6ith the investee.<hen an investor applies para2raphs C+:C+A and the
date that control 6as otained in accordance 6ith this I>&/ is later than the e,,ective
date o, I>&/ $ as revised in !""0 %I>&/ $ %!""0((1 the re,erence to I>&/ $ in
para2raphs C+ and C+A must e to I>&/ $ %!""0(. I, control 6as otained e,ore the
e,,ective date o, I>&/ $ %!""0(1 an investor must apply either I>&/ $ %!""0( or I>&/ $
%issued in !""+(.<hen an investor applies para2raphs C+:C+A and the date that
control 6as otained in accordance 6ith this I>&/ is later than the e,,ective date o, IA/
!F as revised in !""0 %IA/ !F %!""0((1 an investor must apply the re8uirements o, this
I>&/ ,or all periods that the investee is retrospectively consolidated in accordance 6ith
para2raphs C+:C+A. I, control 6as otained e,ore the e,,ective date o, IA/ !F %!""0(1
an investor must apply either7%a( The re8uirements o, this I>&/ ,or all periods that the
investee is retrospectively consolidated in accordance 6ith para2raphs C+:C+AOr%(
The re8uirements o, the version o, IA/ !F issued in !""$ %IA/ !F %!""$(( ,or those
periods prior to the e,,ective date o, IA/ !F %!""0( and therea,ter the re8uirements o,
this I>&/ ,or suse8uent periods.I>&/ #".C?1 I>&/ #".C?A1 I>&/ #".C*I,1 at the date
Pa2e $* o, #!$
3es 4o 4)A Comments
(873 IFRS ((3C7
Does the entity disclose1 6hen chan2in2 ,rom
proportionate consolidation to e8uity method
and all previously proportionately
consolidated assets and liailities results in
ne2ative net assets1 ut the entity does not
have le2al or constructive oli2ations in
relation to these ne2ative net assets7
a( This ,act and the ad-ustment made to
retained earnin2s at the e2innin2 o,
the immediately precedin2 period
5
( Its cumulative unreco2nised share o,
losses o, its -oint ventures as at the
e2innin2 o, the immediately
procedin2 period and at the date at
6hich I>&/ ## is ,irst applied
5
3es 4o 4)A Comments
Pa2e $F o, #!$
(893 IFRS ((3C9
<hen chan2in2 ,rom proportionate
consolidation to the e8uity method1does the
entity disclose a reakdo6n o, the assets and
liailities that have een a22re2ated into the
sin2le line investment alance as at the
e2innin2 o, the earliest period presented.
That disclosure shall e prepared in an
a22re2ated manner ,or all -oint ventures ,or
6hich an entity applies the transition
re8uirements re,erred to in I>&/ ##.C!:C*.
I>&/ ##.CF<hen chan2in2 ,rom the e8uity
method to accountin2 ,or assets and liailities
in respect o, its interest in a -oint operation1
an entity must1 at the e2innin2 o, the earliest
immediately precedin2 period presented1
dereco2nise the investment that 6as
previously accounted ,or usin2 the e8uity
method and any other items that ,ormed part
o, the entity's net investment in the
arran2ement in accordance 6ith para2raph
$0 o, IA/ !0 %as amended in !"##( and
reco2nise its share o, each o, the assets and
the liailities in respect o, its interest in the
-oint operation1 includin2 any 2ood6ill that
mi2ht have ,ormed part o, the carryin2
amount o, the investment. I>&/ ## C0An
entity shall determine its interest in the assets
and liailities relatin2 to the -oint operation on
the asis o, its ri2hts and oli2ations in a
speci,ied proportion in accordance 6ith the
contractual arran2ement. An entity measures
the initial carryin2 amounts o, the assets and
liailities y disa22re2atin2 them ,rom the
carryin2 amount o, the investment at the
e2innin2 o, the earliest immediately
precedin2 period presented on the asis o,
the in,ormation used y the entity in applyin2
the e8uity method.I>&/ ##.CGAny di,,erence
arisin2 ,rom the investment previously
accounted ,or usin2 the e8uity method
to2ether 6ith any other items that ,ormed part
o, the entity's net investment in the
arran2ement in accordance 6ith para2raph
$0 o, IA/ !0 %as amended in !"##(1 and the
net amount o, the assets and liailities1
includin2 any 2ood6ill1 reco2nised must e7
%a( O,,set a2ainst any 2ood6ill relatin2 to
the investment 6ith any remainin2 di,,erence
ad-usted a2ainst retained earnin2s at the
e2innin2 o, the immediately precedin2
period1 i, the net amount o, the assets and
liailities1 includin2 any 2ood6ill1 reco2nised
is hi2her than the investment %and any other
items that ,ormed part o, the entity's net
investment( dereco2nised%( Ad-usted
5
Pa2e $0 o, #!$
3es 4o 4)A Comments
(8;3 IFRS ((3C('
I, an entity chan2es ,rom the e8uity method to
accountin2 ,or assets and liailities1 does the
entity provides a reconciliation et6een the
investment dereco2nised1 and the assets and
liailities reco2nised1 to2ether 6ith any
remainin2 di,,erence ad-usted a2ainst
retained earnin2s1 at the e22inin2 o, the
immediately precedin2 period
I>&/ ##.C#" The initial reco2nition e9ception
in I>&/ #!.#? and !+ does not apply 6hen
the entity reco2nises assets and liailities
relatin2 to its interest in a -oint operation.
5
"arentDs and investorDs separate .inancial
state0ents
3es 4o 4)A Comments
(8<3 IFRS ((3C(&*%+
Does an entity1 in its separate ,inancial
statements1 that 6as previously accountin2 in
its separate ,inancial statements ,or its
interest in a -oint operation as an investment
at cost or in accordance 6ith IA/ $G)I>&/ G
provide a reconcilitation et6een the
investment dereco2nised1 and the assets and
liailities reco2nised1 to2ether 6ith any
remainin2 di,,erence ad-usted in retained
earnin2s1 at the e2innin2 o, the immediately
precedin2 period
5
3es 4o 4)A Comments
(8:3 I!S &<3(;
a( In the parent=s separate ,inancial
statements %6here consolidated
,inancial statements are not presented
in accordance 6ith I>&/ #"(1 does the
entity disclose7
i( That the ,inancial statements are
separate ,inancial statements
5
ii( That the e9emption ,rom
consolidation has een used
5
iii( The name1 principal place o,
usiness and country o,
incorporation o, the entity 6hose
consolidated ,inancial statements
that comply 6ith I>&/ have een
produced ,or pulic use %and the
address 6here these are
otainale(
5
Pa2e $G o, #!$
iv( A list o, si2ni,icant investments in
susidiaries1 -oint ventures or
associates1 includin2 the name1
principal place o, usiness %and
country o, incorporation i,
di,,erent(1 proportion o, o6nership
interest and1 i, di,,erent1 proportion
o, votin2 po6er held
5
v( The method used to account ,or
investments in susidiaries1
associates and -oint ventures
IA/ !F.#"Please note that 6hen an
entity prepares separate ,inancial
statements1 it shall account ,or
investments in susidiaries1 -ointly
controlled entities and associates
either at cost or in accordance 6ith
IA/ $G ) I>&/ G. I, an entity elects
to measure such investments at
,air value in accordance 6ith IA/
$G ) I>&/ G1 ,air value 6ould e
measured in accordance 6ith I>&/
#$.
5
IFRS ()39,<
vi( I, the method used to account
,or investments in susidiaries1
associates and -oint ventures is ,air
value1 the ,air value measurement
disclosures re8uired y I>&/ #$
5
I!S &<3(<
( <hen a parent %other than a parent
covered y para2raph #*( or an
investor 6ith -oint control o,1 or
si2ni,icant in,luence over1 an investee
prepares separate ,inancial
statements1 the parent or investor shall
identi,y the ,inancial statements
prepared in accordance 6ith I>&/ #"1
I>&/ ## or IA/ !0 %as amended in
!"##( to 6hich they relate1 does the
parent or investor disclose in its
separate ,inancial statements7
i( The statements are separate
5
ii( The reasons 6hy those statements
are prepared i, not re8uired y la6
5
Pa2e +" o, #!$
iii( A list o, si2ni,icant investments in
susidiaries1 -oint ventures and
associates1 includin2 the name o,
those investees1 the principal place
o, usiness %and country o,
incorporation1 i, di,,erent( o, those
investees and its proportion o, the
o6nership interest %and its
proportion o, the votin2 ri2hts1 i,
di,,erent( held in those investees
5
iv( A description o, the method used to
account ,or the investments listed
under %(
5
IFRS ()39,<
v( I, the method used to account
,or the investments listed under %(
is ,air value1 the ,air value
measurement disclosures re8uired
y I>&/ #$
IA/ !F.#"Please note that 6hen an
entity prepares separate ,inancial
statements1 it shall account ,or
investments in susidiaries1 -oint
ventures and associates either at
cost or in accordance 6ith IA/ $G )
I>&/ G
5
Dividends
eneral
3es 4o 4)A Comments
&')3 I!S (3()<
a( The amount o, dividends proposed or
declared e,ore the ,inancial
ut not reco2nised as a distriution to
o6ners durin2 the period
5
( The related amount per share 5
c( The amount o, any cumulative
pre,erence dividends not reco2nised
5
Distri%utions o. non,cash assets to owners *IFRIC (<+
"tem #$%& - #'(& set out the disclosure requirements if an entity )A*+ AD!,T- "F*".
#'&
3es 4o 4)A Comments
&'73 IFRIC (<3(;
In a distriution o, nonAcash assets to
o6ners1 does the entity disclose7
a( The carryin2 amount o, the dividend
payale at the e2innin2 and end o,
5
Pa2e +# o, #!$
( The increase or decrease in the
carryin2 amount o, the dividend
payale reco2nised in the reportin2
period1 ecause o, a chan2e in the ,air
value o, the assets to e distriuted
5
3es 4o 4)A Comments
&'93 IFRS ()39,<
>or ,air value measurements re8uired y
I>&IC #F1 does the entity provide the
5
3es 4o 4)A Comments
&';3 IFRIC (<3(<
I, the entity declares a dividend to distriute a
nonAcash asset a,ter the end o, a reportin2
period ut e,ore the ,inancial statements are
authorised ,or issue1 does the entity disclose7
a( The nature o, the asset to e
distriuted
5
( The carryin2 amount o, the asset to e
distriuted as o, the end o, the
reportin2 period
5
c( The ,air value o, the asset to e
distriuted as o, the end o, the
reportin2 period1 i, it is di,,erent ,rom
the asset's carryin2 amount
5
d( I, the ,air value o, the asset to e
distriuted is disclosed in accordance
6ith %c( aove1 the ,ollo6in2
disclosures re8uired y I>&/ #$7
5
IFRS ()388
i( Kuantitative disclosures re8uired
y I>&/ #$ in a taular ,ormat1
unless another ,ormat is more
appropriate
5
IFRS ()38)*%+
ii( The level o, the ,air value
hierarchy 6ithin 6hich the ,air
value measurements are
cate2orised in their entirety %.evel
#1 ! or $(
5
IFRS ()38)*d+
iii( >or ,air value measurements
cate2orised 6ithin .evel ! and
.evel $ o, the hierarchy7
5
#( A description o, the valuation
techni8ue%s( and the inputs
used in the measurement
5
!( I, there has een a chan2e in
valuation techni8ue1 that
chan2e and the reason%s( ,or
makin2 it
5
Pa2e +! o, #!$
$( >or ,air value measurements
cate2orised 6ithin .evel $ o,
the ,air value hierarchy1
8uantitative in,ormation aout
the si2ni,icant unoservale
inputs used in the ,air value
measurement
I>&/ #$.G$%d(An entity is not
re8uired to created 8uantitative
in,ormation to comply 6ith this
disclosure re8uirements i,
si2ni,icant unoservale inputs
are not developed y the entity
6hen measurin2 ,air value
%e.2.1 6hen an entity uses
prices ,rom prior transactions or
thirdAparty pricin2 in,ormation
6ithout ad-ustment(. Ho6ever1
an entity cannot i2nore
8uantitative unoservale
inputs that are si2ni,icant to the
,air value measurement and are
reasonaly availale to the
entity.
5
IFRS ()38)*g+
iv( >or ,air value measurements
cate2orised 6ithin .evel $ o, the
,air value hierarchy1 a description
o, the valuation processes used y
the entity %includin2 ,or e9ample1
ho6 an entity decides its valuation
policies and procedures and
analyses chan2es in ,air value
measurements ,rom period to
period(
5
IFRS ()38)*i+
v( I, the hi2hest and est use o, a
nonA,inancial asset di,,ers ,rom its
current use1 that ,act and 6hy the
nonA,inancial asset is ein2 used in
a manner that di,,ers ,rom its
hi2hest and est use
5
De.ined %ene.it plans that share risks %etween
various entities under co00on control
IA/ #G.+"1 IA/ #G.+#De,ined ene,it plans that share risks et6een various entities
under common control %,or e9ample1 a parent and its susidiaries( are not multiA
employer plans. Participation in such a plan is a related party transaction ,or each entity.
The disclosure re8uirements in IA/ #G.#+G elo6 only relate to the entity=s separate
,inancial statements.
3es 4o 4)A Comments
Pa2e +$ o, #!$
&'83 I!S (83(78
I, the entity participates in a de,ined ene,it
plan that shares risks et6een various
entities under common control1 does the
entity disclose the ,ollo6in27
a( The contractual a2reement or stated
policy ,or char2in2 the net de,ined
ene,it cost or the ,act that there is no
such policy
5
( The policy ,or determinin2 the
contriution to e paid y the entity
5
c( I, the entity accounts ,or an allocation
o, the net de,ined ene,it cost under
para2raph +#1 does the entity disclose
all the in,ormation aout the plan as a
6hole re8uired y IA/ #G. #$?A#+F.
This 6ould occur 6hen the risks o, a
de,ined en,it plan are shared
et6een entities under common
control and there is a contractual
a2reement or stated policy ,or
allocatin2 the net de,ined ene,it cost
or
5
d( I, the entity accounts ,or the
contriution payale ,or the period as
noted in IA/ #G.+#1 the in,ormation
aout the plan as a 6hole re8uired y
IA/ #G.#$?A#$F1 #$G1 #+!A#++ and
#+F%a( and %(
The in,ormation re8uired y items c.
and d. aove can e disclosed y
crossAre,erence to disclosures in
another 2roup entity's ,inancial
statements i,7
5
De.ined contri%ution plans
3es 4o 4)A Comments
&((3 I!S (83974 I!S &73(<
Does the entity disclose contriutions to
de,ined contriution plans ,or key
mana2ement personnel
5
Pa2e ++ o, #!$
De.ined %ene.it plans
IA/ #G.#$?1 IA/ #G.#$*1 IA/ #G.#$F1 IA/ #G.#$0IA/ #G re8uires disclosure o,
im,ormation that7 a. B9plains the characteristics o, its de,ined ene,it plans and risks
associated 6ith them . Identi,ies and e9plains the amounts in its ,inancial statements
arisin2 ,rom its de,ined ene,it plansc. Descries ho6 its de,ined ene,it plans may
a,,ect the amount1 timin2 and uncertainty o, the entity's ,uture cash ,lo6sTo meet the
o-ectives in IA/ #G.#$? aove1 an entity shall consider all the ,ollo6in27The level o,
detail necessary to satis,y the disclosure re8uirementsIHo6 much emphasis to place on
each o, the various re8uirementsI Ho6 much a22re2ation or disa22re2ation to
undertakeI and <hether users o, ,inancial statements need additional in,ormation to
evaluate the 8uantitative in,ormation disclosed.I, the disclosures provided in accordance
6ith the re8uirements in this /tandard and other I>&/s are insu,,icient to meet the
o-ectives in IA/ #G.#$? aove1 an entity shall disclose additional in,ormation necessary
to meet those o-ectives. >or e9ample1 an entity may present an analysis o, the present
value o, the de,ined ene,it oli2ation that distin2uishes the nature1 characteristics and
risks o, the oli2ation. /uch a disclosure could distin2uish7Amounts o6in2 to active
memers1 de,erred memers1 and pensionersNested ene,its and accrued ut not
vested ene,itsConditional ene,its1 amounts attriutale to ,uture salary increases and
other ene,itsAn entity shall assess 6hether all or some disclosures should e
disa22re2ated to distin2uish plans or 2roups o, plans 6ith materially di,,erent risks. >or
e9ample1 an entity may disa22re2ate disclosure aout plans sho6in2 one or more o, the
,ollo6in2 ,eatures7Di,,erent 2eo2raphical locationsDi,,erent characteristics such as ,lat
salary pension plans1 ,inal salary pension plans or postAemployment medical
plansDi,,erent re2ulatory environmentsDi,,erent reportin2 se2mentsDi,,erent ,undin2
arran2ements %e2 6holly un,unded1 6holly or partly ,unded(
Characteristics and risks associated with the0
3es 4o 4)A Comments
&(&3 I!S (83()8
a( In,ormation aout the characteristics o,
its de,ined ene,it plans1 includin27
i( The nature o, the ene,its provided
y the plan %e2 ,inal salary de,ined
ene,it plan or contriutionAased
plan 6ith 2uarantee(
5
ii( A description o, the re2ulatory
,rame6ork in 6hich the plan
operates1 ,or e9ample the level o,
any minimum ,undin2
re8uirements1 and any e,,ect o, the
re2ulatory ,rame6ork on the plan1
such as the asset ceilin2
5
iii( A description o, any other entity's
responsiilities ,or the 2overnance
o, the plan1 ,or e9ample1
responsiilities o, trustees or o,
oard memers o, the plan
5
Pa2e +? o, #!$
( A description o, the risks to 6hich the
plan e9poses the entity1 ,ocused on
any unusual1 entityAspeci,ic or planA
speci,ic risks1 and o, any si2ni,icant
concentrations o, risk.
>or e9ample1 i, plan assets are
invested primarily in one class o,
investments1 e.2.1 property1 the plan
may e9pose the entity to a
concentration o, property market risk.
5
c( A description o, any plan amendments1
curtailments and settlements
5
E2planations o. the a0ounts in the .inancial state0ents
3es 4o 4)A Comments
&()3 I!S (83(7'
Does the entity provide a reconciliation ,rom
the openin2 alance to the closin2 alance
,or each o, the ,ollo6in21 i, applicale7
a( The net de,ined ene,it liaility %asset(1
sho6in2 separate reconciliations ,or7
i( Plan assets 5
ii( The present value o, the de,ined
ene,it oli2ation
5
iii( The e,,ect o, the asset ceilin2 5
( Any reimursement ri2hts1 and a
description o, the relationship et6een
any reimursement ri2ht and the
related oli2ation
5
3es 4o 4)A Comments
&(73 I!S (83(7(
Does each reconciliation listed in item aove
sho6 each o, the ,ollo6in21 i, applicale7
a( Current service cost 5
( Interest income or e9pense 5
c( &emeasurements o, the net de,ined
ene,it liaility %asset(1 sho6in2
separately7
5
ii( Actuarial 2ains and losses arisin2
,rom chan2es in demo2raphic
assumptions
IA/ #G.F* %a( Demo2raphic
assumptions deal 6ith matters
such as7;ortality&ates o,
employee turnover1 disaility and
early retirementThe proportion o,
plan memers 6ith dependants
6ho 6ill e eli2ile ,or ene,itsThe
proportion o, plan memers 6ho
6ill select each ,orm o, payment
option availale under the plan
termsClaim rates under medical
plans
5
Pa2e +* o, #!$
iii( Actuarial 2ains and losses arisin2
,rom chan2es in ,inancial
assumptions
IA/ #G.F* %( >inancial
assumptions deal 6ith items such
as7The discount rate@ene,it levels1
e9cludin2 any cost o, the ene,its
to e met y employees1 and ,uture
salaryIn the case o, medical
ene,its1 ,uture medical costs1
includin2 claim handlin2 costs %i.e.1
the costs that 6ill e incurred in
processin2 and resolvin2 claims1
includin2 le2al and ad-uster's
,ees(Ta9es payale y the plan on
contriutions relatin2 to service
e,ore the reportin2 date or on
ene,its resultin2 ,rom that service
5
iv( Chan2es in the e,,ect o, limitin2 a
net de,ined ene,it asset to the
asset ceilin21 e9cludin2 amounts
included in interest in .1 and ho6 it
determined the ma9imum
economic ene,it availale1 i.e.1
6hether those ene,its 6ould e in
the ,orm o, re,unds1 reductions in
,uture contriutions or a
comination o, oth
5
d( Past service cost and 2ains and losses
arisin2 ,rom settlements
Past service cost and 2ains and losses
arisin2 ,rom settlements need not e
distin2uished i, they occur to2ether.
5
e( The e,,ect o, chan2es in ,orei2n
e9chan2e rates
5
2( Payments ,rom the plan1 sho6in2
separately the amount paid in respect
o, any settlements
5
h( The e,,ects o, usiness cominations
and disposals
5
3es 4o 4)A Comments
&(93 I!S (83(7&
Does the entity disa22re2ate the ,air value o,
the plan assets into classes that distin2uish
the nature and risks o, those assets1
sudividin2 each class o, plan asset into
those that have a 8uoted market price in an
active market as de,ined in I>&/ #$ and
those that do not1 includin21 ,or e9ample7
a( Cash and cash e8uivalents 5
( B8uity instruments %se2re2ated y
industry type1 company size1
2eo2raphy1 etc.(
5
Pa2e +F o, #!$
c( Det instruments %se2re2ated y type
o, issuer1 credit 8uality1 2eo2raphy1
etc.(
5
d( &eal estate %se2re2ated y 2eo2raphy1
etc.(
5
e( Derivatives %se2re2ated y type o,
underlyin2 risk in the contract1 ,or
e9ample1 interest rate contracts1
,orei2n e9chan2e contracts1 e8uity
contracts1 credit contracts1 lon2evity
s6aps1 etc.(
5
,( Investment ,unds %se2re2ated y type
o, ,und(
5
2( AssetAacked securitiesOr
And
5
h( /tructured det
Disclosures aove are stated y IA/
#G.#+! as a su22estion. Considerin2
that in,ormation to e provided under
this para2raph 6ants to o,,er to third
parties all re8uired in,ormation to
understand risks associated 6ith
de,ined ene,it plan assets
considerin2 the level o, detail o,
disclosure1 a22ere2ation and
emphasis discussed in IA/ #G.#$*
aove.
5
3es 4o 4)A Comments
&(;3 I!S (83(7)
Does the entity disclose the ,air value o, the
entity's o6n trans,erale ,inancial instruments
held as plan assets1 and the ,air value o, plan
assets that are property occupied y1 or other
assets used y1 the entity
5
3es 4o 4)A Comments
&(<3 I!S (83(77
Does the entity disclose the si2ni,icant
actuarial assumptions used to determine the
present value o, the de,ined ene,it oli2ation
%see e9amples o, actuarial assumptions in
item !#+%c(. aove(16hich must e in
asolute terms %e2 as an asolute
percenta2e1 and not -ust as a mar2in et6een
di,,erent percenta2es and other variales(.
<hen an entity provides disclosures in total
,or a 2roupin2 o, plans1 it shall provide such
disclosures in the ,orm o, 6ei2hted avera2es
or relatively narro6 ran2es
5
Cash Flows In.or0ation
3es 4o 4)A Comments
&(:3 I!S (83(79
Pa2e +0 o, #!$
a( A sensitivity analysis ,or each
si2ni,icant actuarial assumption
disclosed in terms o, IA/ #G.#++
aove %see e9amples o, actuarial
assumptions in I>&/ #G.F* aove( as
o, the end o, the reportin2 period1
sho6in2 ho6 the de,ined ene,it
oli2ation 6ould have een a,,ected
y chan2es in the relevant actuarial
assumption that 6ere reasonaly
possile at that date
5
( The methods and assumptions used in
preparin2 the sensitivity analyses
re8uired y item a. and the limitations
o, those methods
5
c( Chan2es ,rom the previous period in
the methods and assumptions used in
preparin2 the sensitivity analyses1 and
the reasons ,or such chan2es
5
3es 4o 4)A Comments
&(83 I!S (83(7;
Does the entity disclose a description o, any
assetAliaility matchin2 strate2ies used y the
plan or the entity1 includin2 the use o,
annuities and other techni8ues1 such as
lon2evity s6aps1 to mana2e risk
5
3es 4o 4)A Comments
&&'3
Does the entity disclose the ,ollo6in2 related
to ,uture cash ,lo6s plan e,,ects7
a( A description o, any ,undin2
arran2ements and ,undin2 policy that
a,,ect ,uture contriutions
5
( The e9pected contriutions to the plan
,or the ne9t annual reportin2 period
5
c( In,ormation aout the maturity pro,ile
o, the de,ined ene,it oli2ation1
includin2 the 6ei2hted avera2e
duration o, the de,ined ene,it
oli2ation and other in,ormation aout
the distriution o, the timin2 o, ene,it
payments1 such as a maturity analysis
o, the ene,it payments
5
-ransition
An entity shall apply this /tandard retrospectively1 in accordance 6ith IA/ 0 Accountin2
Policies1 Chan2es in Accountin2 Bstimates and Brrors1 e9cept that7 %a( an entity need
not ad-ust the carryin2 amount o, assets outside the scope o, this /tandard ,or chan2es
in employee ene,it costs that 6ere included in the carryin2 amount e,ore the date o,
initial application. The date o, initial application is the e2innin2 o, the earliest prior
period presented in the ,irst ,inancial statements in 6hich the entity adopts this
/tandard. %( in ,inancial statements ,or periods e2innin2 e,ore # Panuary !"#+1 an
entity need not present comparative in,ormation ,or the disclosures re8uired y
para2raph #+? aout the sensitivity o, the de,ined ene,it oli2ation.
Pa2e +G o, #!$
-he li0it on a de.ined %ene.it asset4 0ini0u0 .unding re/uire0ents
and their interaction *IFRIC (7+
3es 4o 4)A Comments
&&(3 IFRIC (73('
Does the entity disclose any restrictions on
the current realisaility o, the surplus %,rom a
de,ined ene,it plan( or the asis used to
determine the economic ene,it availale
I>&IC #+.#"1 IA/ #.#!?Cnder IA/ #1 the
entity discloses key sources o, estimation
uncertainty at the end o, the reportin2 period
that have a si2ni,icant risk o, causin2 a
material ad-ustment to the carryin2 amount o,
the net asset or liaility on the statement o,
,inancial position.
5
E/uity
IA/ #.0"An entity 6ithout share capital1 such as a partnership1 discloses in,ormation
e8uivalent to that re8uired in IA/ #.FG elo61 sho6in2 movements durin2 the reportin2
period in each cate2ory o, e8uity interest1 and the ri2hts1 pre,erences and restrictions
attachin2 to each cate2ory o, e8uity interest.
eneral
3es 4o 4)A Comments
&&&3 I!S (3<8
Does the entity disclose all o, the ,ollo6in2 ,or
each class o, share capital %or ,or each
cate2ory o, e8uity interest ,or an entity
6ithout share capital(7
a( The numer o, shares authorised 5
( The numer o, shares issued and ,ully
paid1 and issued ut not ,ully paid
5
c( Par value per share1 or that the shares
have no par value
5
d( A reconciliation o, the shares
outstandin2 at the e2innin2 and at
the end o, the period
5
e( The ri2hts1 pre,erences and
restrictions attachin2 to that class
includin2 restrictions on the distriution
o, dividends and the repayment o,
capital
5
I!S )&3)74 I!S &73(<
,( /hares in the entity held y the
entity or y its susidiaries or
associates %Ltreasury sharesL(
5
2( /hares reserved ,or issue under
options and contracts ,or the sale o,
shares1 includin2 terms and amounts
5
3es 4o 4)A Comments
&&)3 I!S (3<8
Does the entity disclose the nature and
purpose o, each reserve 6ithin e8uity
5
3es 4o 4)A Comments
Pa2e ?" o, #!$
&&73 I!S )&3)74 I!S &73(<
Does the entity provide disclosures in
accordance 6ith IA/ !+1 i, the entity
reac8uires its o6n shares ,rom related parties
5
=e0%ersD shares in co,operative entities and si0ilar instru0ents
*IFRIC &+
3es 4o 4)A Comments
&&93 IFRIC &3()
I, a chan2e in the redemption prohiition o,
memers= shares leads to a trans,er et6een
,inancial liailities and e8uity1 does the entity
disclose the amount1 timin2 and reason ,or
the trans,er
I>&IC !.?1 I>&IC !.0 The contractual ri2ht o,
the holder o, a ,inancial instrument %includin2
memers= shares in coAoperative entities( to
re8uest redemption does not1 in itsel,1 re8uire
a ,inancial instrument to e classi,ied as a
,inancial liaility. &ather1 the entity must
consider all o, the terms and conditions o, the
,inancial instrument in determinin2 its
classi,ication as a ,inancial liaility or e8uity.
Those terms and conditions include relevant
local la6s1 re2ulations and the entity=s
2overnin2 charter that can impose various
types o, prohiitions on the redemption o,
memers= shares.
5
Events a.ter the reporting period
3es 4o 4)A Comments
&&;3 I!S ('3(8
Do the disclosures in the ,inancial statements
re,lect in,ormation received a,ter the reportin2
period that relates to conditions that e9isted
at the end o, the reportin2 period
5
3es 4o 4)A Comments
&&<3 I!S ('3&(4 I!S ('3&&
I, nonAad-ustin2 events a,ter the reportin2
period are material1 and thus nonAdisclosure
could in,luence the economic decisions o,
users taken on the asis o, the ,inancial
statements1 does the entity disclose the
,ollo6in2 ,or each material cate2ory o, nonA
ad-ustin2 events a,ter the reportin2 period
%IA/ #".!! provides e9amples o, such
events(7
a( The nature o, the event 5
Pa2e ?# o, #!$
( An estimate o, its ,inancial e,,ect1 or a
statement that such an estimate
cannot e made
Please note that the disclosure mi2ht
e re8uired i, applicale in other
sections o, this checklist as under
I>&/ $.@*" %re2ardin2 post year end
ac8uisitions( and IA/ $$.*+ %re2ardin2
post year end earnin2s per share
chan2es due to capitalisation1 share
split1 onus issue1 reverse share split(.
5
Fair @alue =easure0ent
I>&/ #$ is applicale ,or annual periods e2innin2 on1 or a,ter1 # Panuary !"#$. I>&/
#$ speci,ies ho6 to measure ,air value1 6hen ,air value %and measures ased on ,air
value1 such as ,air value less costs to sell( is re8uired or permitted y another I>&/.
/uch ,air value measurements may e reco2nised in the statement o, ,inancial position
or disclosed in the notes to the ,inancial statements %,or e9ample1 the comparison o,
carryin2 value and ,air value re8uired y I>&/ F(. I>&/ #$.?1 I>&/ #$.* I>&/ #$
applies 6hen another I>&/ re8uires or or permits measurement%s( or disclosure%s( o,
,air value1 e9cept ,or7%a( /hareAased payment transactions 6ithin the scope o, I>&/
!%( .easin2 transactions 6ithin the scope o, IA/ #F %c( ;easurements that have some
similarities to ,air value ut are not ,air value1 such as net realisale value in IA/ ! or
value in use in IA/ $*I>&/ #$.FI>&/ #$ also re8uires disclosures aout ,air value
measurements. I, ,air value is measured in accordance 6ith I>&/ #$ a,ter initial
reco2nition %6hether reco2nised or only disclosed(1 the disclosure re8uirements in I>&/
#$ 6ill apply1 unless I>&/ #$ provides a speci,ic e9emption. The disclosures re8uired y
I>&/ #$ are not re8uired ,or the ,ollo6in27%a( Plan assets measured at ,air value in
accordance 6ith IA/ #G%( &etirement ene,it plan investments measured at ,air value
in accordance 6ith IA/ !*%c( Assets ,or 6hich recoverale amount is ,air value less
costs o, disposal in accordance 6ith IA/ $*I>&/ #$.C$The disclosure re8uirements o,
I>&/ #$ need not e applied in comparative in,ormation provided ,or periods e,ore
initial application o, I>&/ #$.
Disclosure o%Eectives
3es 4o 4)A Comments
&&:3 IFRS ()38(
helps users o, its ,inancial statements assess
oth o, the ,ollo6in27
a( ,or assets and liailities that are
measured at ,air value on a recurrin2
or nonArecurrin2 asis in the statement
o, ,inancial position a,ter initial
reco2nition1 the valuation techni8ues
and inputs used to develop those
measurements
5
( ,or recurrin2 ,air value measurements
usin2 si2ni,icant unoservale inputs
%.evel $(1 the e,,ect o, the
measurements on pro,it or loss or
other comprehensive income ,or the
period
5
3es 4o 4)A Comments
Pa2e ?! o, #!$
&&83 IFRS ()38&
I, the disclosures provided in accordance 6ith
I>&/ #$ and other I>&/s are insu,,icient to
meet the o-ectives in I>&/ #$.G#1 does the
entity disclose additional in,ormation in order
to meet those o-ectives
I>&/ #$.G! To meet the o-ectives in I>&/
#$.G#1 an entity is re8uired to consider all o,
the ,ollo6in27a. The level o, detail necessary
to satis,y the disclosure re8uirements. Ho6
much emphasis to place on each o, the
various re8uirementsc. Ho6 much
a22re2ation or disa22re2ation to
undertakeAndd. <hether users o, ,inancial
statements need additional in,ormation to
evaluate the 8uantitative in,ormation
disclosed.I>&/ #$.G$In addition1 I>&/ #$.G$
estalishes the minimum disclosure
re8uirements ,or ,air value measurements
%and those ased on ,air value( that are
reco2nised in the statement o, ,inancial
position a,ter initial reco2nition. The
re8uirements vary dependin2 on 6hether the
,air value measurements are recurrin2 or
nonArecurrin2 and their cate2orisation 6ithin
the ,air value hierarchy %i.e.1 .evel #1 !1 or
$(.In order to determine the appropriate
cate2orisation o, a ,air value measurement
%as a 6hole( 6ithin the hierarchy1 an entity
determines the cate2orisation o, the inputs
used to measure ,air value and cate2orisation
o, the ,air value measurement %as a 6hole(%i(
cate2orisation o, the inputs in the ,air value
hierarchy7I>&/ #$=s ,air value hierarchy
cate2orises inputs to valuation techni8ues
into the ,ollo6in2 levels1 ased on their
oservaility7I>&/ #$ Appendi9 A.evel #
inputs7 Kuoted prices %that are unad-usted( in
active markets ,or identical assets or liailities
that the entity can access at the
measurement date.evel ! inputs7 Inputs1
other than 8uoted prices included 6ithin .evel
#1 that are oservale ,or the asset or liaility1
either directly or indirectly.evel $ inputs7
Cnoservale inputs ,or the asset or
liailityI>&/ #$.F$1 I>&/ #$.F?%ii(
cate2orisation o, the ,air value measurement
%as a 6hole( in the ,air value hierarchy7A ,air
value measurement %as a 6hole( is
cate2orised 6ithin the ,air value hierarchy1
ased on the lo6est level input that is
si2ni,icant to the entire measurement %.evel #
inputs ein2 the hi2hest and .evel $ inputs1
the lo6est(. >or measures ased on ,air value
%such as ,air value less costs to sell(1 this
determination does not consider the Qcosts to
sell=<hen measured ased on 8uoted prices
5
Pa2e ?$ o, #!$
!ccounting "olicies
3es 4o 4)A Comments
&)'3 IFRS ()3894 IFRS ()38)*c+4 IFRS
()38)*eiv+
Does the entity disclose its policy ,or
determinin2 6hen trans,ers et6een levels o,
the ,air value hierarchy are deemed to have
occurred
I>&/ #$.G$%e(%iv(1 I>&/ #$.G?I>&/ #$.G?
re8uires that an entity determine %and
consistently ,ollo6( its policy ,or determinin2
6hen trans,ers et6een levels in the ,air
value hierarchy are deemed to have
occurred. The policy aout the timin2 o,
recon2isin2 trans,ers is re8uired to e the
same ,or trans,ers into and out o, levels.
B9amples o, policys include7%a( the date o,
the event or chan2e in circumstances that
caused the trans,er%( the e2innin2 o, the
reportin2 period%c( The end o, the reportin2
period
5
3es 4o 4)A Comments
&)(3 IFRS ()38;4 IFRS ()37:4 IFRS ()39'
I, an entity makes an accountin2 policy
decision to use the e9ception in I>&/ #$.+01
does the entity disclose that policy1 includin2
its policy ,or allocatin2 idAask spread
ad-ustments and credit ad-ustments
I>&/ #$.+01 I>&/ #$.?"I, an entity that holds
a 2roup o, ,inancial assets and ,inancial
liailities is e9posed to market risks %as
de,ined in I>&/ F( and to the credit risk %as
de,ined in I>&/ F( o, each o, the
counterparties and mana2es that 2roup o,
assets and liailities on the asis o, its net
e9posure1 I>&/ #$.+0 permits the use o, a
measurement e9ception ,or measurin2 ,air
value1 provided the criteria that are set out in
I>&/ #$.+G. Cnder this e9ception1 an entity
measures the ,air value o, the 2roup o,
,inancial assets and liailities consistently
6ith ho6 market participants 6ould price the
net e9posure at the measurement date. 4ote7
the e9ception does not a,,ect ,inancial
statement presentation re8uirements.
5
Class o. assets and lia%ilities
3es 4o 4)A Comments
&)&3 IFRS ()387
Does the entity classi,y assets and liailities
under the scope o, I>&/ #$ ased on oth7
5
a( The nature1 characteristics and risks o,
the asset or liaility
5
Pa2e ?+ o, #!$
( The level o, the ,air value hierarchy
6ithin 6hich the ,air value
measurement is cate2orised
I>&/ #$.G+The numer o, classes o,
assets and liailities may need to e
2reater ,or ,air value measurements
cate2orised 6ithin .evel $ ecause
those measurements have a 2reater
de2ree o, uncertainty and su-ectivity.
Determinin2 the appropriate classes o,
assets and liailities re8uires
-ud2ement and o,ten may re8uire more
disa22re2ation than the line items
presented in the statement o, ,inancial
position.4ote7 I, another I>&/
speci,ies the class ,or an asset or
liaility1 an entity may use that class
6hen providin2 the disclosures
re8uired y I>&/ #$1 provided that
class meets the I>&/ #$=s
re8uirements ,or determinin2 classes.
5
3es 4o 4)A Comments
&))3 IFRS ()387
Does the entity provide su,,icient in,ormation
to permit reconciliation et6een the classes
o, assets and liailities and the line items
position
5
Fair value disclosures
eneral
3es 4o 4)A Comments
&)73 IFRS ()388
Does the entity present the 8uantitative
disclosures re8uired y I>&/ #$ in a taular
,ormat1 unless another ,ormat is more
appropriate
5
3es 4o 4)A Comments
&)93 IFRS ()38:
>or a liaility measured at ,air value and
issued 6ith an inseparale thirdAparty credit
enhancement1 does the entity disclose the
e9istence o, that credit enhancement and
6hether it is re,lected in the ,air value
measurement o, the liaility
5
!ssets and lia%ilities not 0easured at .air value4 %ut .or which .air
value is disclosed
3es 4o 4)A Comments
&);3 IFRS ()38<
>or each class o, assets and liailities not
measured at ,air value in the statement o,
,inancial position1 ut ,or 6hich ,air value is
disclosed1 does the entity disclose7
Pa2e ?? o, #!$
IFRS ()38)*%+
a( The level o, ,air value hierarchy
measurement%s( are cate2orised in
their entirety
5
IFRS ()38)*d+
( >or ,air value measurement%s(
cate2orised 6ithin .evels ! and $ o,
the ,air value hierarchy7
5
i( A description o, the valuation
techni8ue%s( and the inputs used in
the measurement
5
ii( I, there has een a chan2e in
valuation techni8ue1 that chan2e
and the reason%s( ,or makin2 it
5
IFRS ()38)*i+
c( I, the hi2hest and est use o, a
current use1 that ,act and 6hy the nonA
,inancial asset is ein2 used in a
manner that di,,ers ,rom its hi2hest
and est use
5
Recurring .air value 0easure0ents o. assets and lia%ilities
3es 4o 4)A Comments
&)<3 IFRS ()38)
>or each class o, assets and liailities that
are measured at ,air value on a recurrin2
asis in the statement o, ,inancial position
a,ter initial reco2nition1 does the entity
disclose7
I>&/ #$.G$ %a(&ecurrin2 ,air value
measurements o, assets or liailities are
those that other I>&/s re8uire or permit in
the statement o, ,inancial position at the end
o, each reportin2 period. 4onArecurrin2 ,air
value measurements o, assets or liailities
are those that other I>&/ re8uire or permit in
the statement o, ,inancial position in particular
circumstances %e.2.1 6hen an entity
measures an asset held ,or sale at ,air value
less costs to sell in accordance 6ith I>&/ ?
4onAcurrent Assets Held ,or /ale and
Discontinued Operations ecause the asset=s
,air value less costs to sell is lo6er than its
carryin2 amount(.
IFRS ()38)*a+
a( The ,air value measurement at the
end o, the reportin2 period
5
IFRS ()38)*%+
( The level o, the ,air value hierarchy
measurements are cate2orised in their
entirety %.evel #1 ! or $(
5
Pa2e ?* o, #!$
IFRS ()38)*c+
c( >or assets and liailities held at the
end o, the reportin2 period1 the
amount o, any trans,ers et6een .evel
# and .evel !1 separately disclosin2
trans,ers into each level ,rom trans,ers
out o, each level1 and the reasons ,or
those trans,ers
5
IFRS ()38)*d+
d( >or ,air value measurements
cate2orised 6ithin .evel ! and .evel $
o, the hierarchy7
the measurement
5
5
,air value hierarchy1 8uantitative
in,ormation aout the si2ni,icant
unoservale inputs used in the
,air value measurement
I>&/ #$.G$%d( An entity is not
si2ni,icant unoservale inputs are
not developed y the entity 6hen
measurin2 ,air value %e.2.1 6hen an
entity uses prices ,rom prior
transactions or thirdAparty pricin2
in,ormation 6ithout ad-ustment(.
Ho6ever1 an entity cannot i2nore
8uantitative unoservale inputs
that are si2ni,icant to the ,air value
measurement and are reasonaly
availale to the entity.
5
IFRS ()38)*e+
e( >or ,air value measurements
cate2orised 6ithin .evel $ o, the ,air
value hierarchy1 a reconciliation ,rom
the openin2 alances to the closin2
alances disclosin2 separately
chan2es durin2 the period attriutale
to the ,ollo6in27
i( Total 2ains and losses reco2nised
durin2 the period in pro,it or loss1
and the line item%s( in pro,it or loss
in 6hich those 2ains or losses are
reco2nised
5
Pa2e ?F o, #!$
ii( The amounts o, any trans,ers into
and out o, .evel $ o, the ,air value
hierarchy1 separately disclosin2
trans,ers into .evel $ ,rom
trans,ers out o, .evel $1 and the
reasons ,or those trans,ers
5
iii( Purchases1 sales1 issues and
settlements %each disclosed
separately(
5
iv( The amounts o, any trans,ers into
and out o, .evel $ o, the ,air value
hierarchy1 separately disclosin2
trans,ers into .evel $ ,rom
trans,ers out o, .evel $1 and the
reasons ,or those trans,ers
5
IFRS ()38)*.+
,( >or total 2ains and losses
reco2nised durin2 the period in pro,it
or loss in accordance 6ith I>&/
#$.G$%e(%i( %see e. aove(1 the amount
that is attriutale to the chan2e in
unrealised 2ains or losses relatin2 to
those assets and liailities held at the
end o, the period1 and the line item%s(
in pro,it or loss in 6hich those
unrealised 2ains or losses are
reco2nised
5
IFRS ()38)*g+
2( >or ,air value measurements
value hierarchy1 a description o, the
valuation processes used y the entity
%includin2 ,or e9ample1 ho6 an entity
decides its valuation policies and
procedures and analyses chan2es in
,air value measurements ,rom period
to period(
5
IFRS ()38)*h+
h( >or ,air value measurements
value hierarchy7
i( A narrative description o, the
sensitivity i, a chan2e in an
unoservale input %includin2 at a
minimum those unoservale
inputs disclosed in accordance 6ith
I>&/ #$.G$%d(1 see d. aove( to a
di,,erent amount mi2ht result in a
si2ni,icantly hi2her or lo6er ,air
value measurement
5
Pa2e ?0 o, #!$
ii( I, there are interrelationships
et6een si2ni,icant unoservale
inputs and other unoservale
inputs used in the ,air value
measurement1 a narrative
description o, those
interrelationships and o, ho6 they
mi2ht ma2ni,y or miti2ate the e,,ect
o, chan2es in the unoservale
inputs on the ,air value
measurement
5
iii( >or ,inancial assets and ,inancial
liailities1 i, chan2in2 one or more
o, the unoservale inputs to
re,lect reasonaly possile
alternative assumptions 6ould
chan2e ,air value si2ni,icantly1 that
,act1 the e,,ect o, those chan2es
and ho6 the e,,ect o, a chan2e
6as calculated
>or the sensitivity analysis ,or
,inancial assets and ,inancial
liailities1 si2ni,icance is -ud2ed
6ith respect to pro,it or loss1 and
total assets or total liailities1 or1
6hen chan2es in ,air value are
reco2nised in other comprehensive
income1 total e8uity
5
IFRS ()38)*i+
iv( I, the hi2hest and est use o, a
current use1 that ,act and 6hy the
nonA,inancial asset is ein2 used in
a manner that di,,ers ,rom its
hi2hest and est use
I>&/ #$ Appendi9 AThe hi2hest
and est use o, a nonA,inancial
asset is the use y market
participants that 6ould ma9imise
the value o, the asset or the 2roup
o, assets and liailities %e2 a
usiness( 6ithin 6hich the asset
6ould e used.
5
5on,recurring .air value 0easure0ents assets and lia%ilities
3es 4o 4)A Comments
Pa2e ?G o, #!$
&):3 IFRS ()38)
Does the entity disclose ,or assets and
liailities that are measured at ,air value on a
nonArecurrin2 asis in the statement o,
,inancial position a,ter initial reco2nition7
4onArecurrin2 ,air value measurements o,
assets or liailities are those that other I>&/s
re8uire or permit in the statement o, ,inancial
position in particular circumstances %e2 6hen
an entity measures an asset held ,or sale at
,air value less costs to sell in accordance 6ith
I>&/ ? 4onAcurrent Assets Held ,or /ale and
Discontinued Operations ecause the asset's
,air value less costs to sell is lo6er than its
carryin2 amount(.
IFRS ()38)*a+
a( The ,air value measurement at the
end o, the reportin2 period
5
IFRS ()38)*a+
( The reasons ,or the ,air value
measurement
5
IFRS ()38)*%+
c( The level o, the ,air value hierarchy
measurements are cate2orised in their
entirety %.evel #1 ! or $(
5
IFRS ()38)*d+
d( >or ,air value measurements
cate2orised 6ithin .evel ! and .evel $
o, the hierarchy7
the measurement
5
5
Pa2e *" o, #!$
,air value hierarchy1 8uantitative
in,ormation aout the si2ni,icant
unoservale inputs used in the
,air value measurement
I>&/ #$.G$%d(An entity is not
si2ni,icant unoservale inputs are
not developed y the entity 6hen
measurin2 ,air value %e.2.1 6hen an
entity uses prices ,rom prior
transactions or thirdAparty pricin2
in,ormation 6ithout ad-ustment(.
Ho6ever1 an entity cannot i2nore
8uantitative unoservale inputs
that are si2ni,icant to the ,air value
measurement and are reasonaly
availale to the entity.
5
IFRS ()38)*g+
e( >or ,air value measurements
value hierarchy1 a description o, the
valuation processes used y the entity
%includin2 ,or e9ample1 ho6 an entity
decides its valuation policies and
procedures and analyses chan2es in
,air value measurements ,rom period
to period(
5
IFRS ()38)*i+
,( I, the hi2hest and est use o, a nonA
,inancial asset di,,ers ,rom its current
use1 that ,act and 6hy the nonA
,inancial asset is ein2 used in a
manner that di,,ers ,rom its hi2hest
and est use
5
Financial guarantee contracts
IA/ $G.G A ,inancial 2uarantee contract is de,ined as a contract that re8uires the issuer
to make speci,ied payments to reimurse the holder ,or a loss it incurs ecause a
speci,ied detor ,ails to make payment 6hen due in accordance 6ith the ori2inal or
modi,ied terms o, a det instrument.
3es 4o 4)A Comments
Pa2e *# o, #!$
&)83 I!S (3((<4 IFRS <3):*a+4 IFRS <3B('*c+
Does the entity disclose its accountin2 policy
,or ,inancial 2uarantee contracts Does the
entity disclose a maturity analysis ,or nonA
derivative ,inancial liailities %includin2 issued
,inancial 2uarantee contracts( that sho6s the
remainin2 contractual maturitiesDoes the
entity disclose ma9imum credit risk e9posure
I>&/ F.@##C%c(>or issued ,inancial
2uarantee contracts the ma9imum amount o,
the 2uarantee is allocated to the earliest
period in 6hich the 2uarantee could e
called.
5
Financial instru0ents
Classes o. .inancial instru0ents and level o. disclosure
3es 4o 4)A Comments
Pa2e *! o, #!$
&7'3 IFRS <3;
I, disclosures are re8uired y class o,
,inancial instrument1 does the entity7
I, the entity adopted I>&/ G >inancial
Instruments1 re,er to items set out in Q4e6
pronouncements= section.I>&/ F.@# A
@$I>&/ F.* re8uires an entity to 2roup
,inancial instruments into classes that are
appropriate to the nature o, the in,ormation
disclosed and that take into account the
characteristics o, those ,inancial instruments.
These classes are determined y the entity
and as such1 are distinct ,rom the cate2ories
o, ,inancial instruments speci,ied in IA/ $G. In
determinin2 classes o, ,inancial instruments1
an entity7a( distin2uishes et6een
instruments measured at amortised cost ,rom
those measured at ,air valueI ( treats as
those ,inancial instruments outside the scope
o, this I>&/ a separate class or classes.The
entity decides ho6 much detail it provides to
satis,y the re8uirements o, I>&/ F1 ho6 much
emphasis it places on di,,erent aspects o, the
re8uirements and ho6 it a22re2ates
in,ormation to display the overall picture
6ithout cominin2 in,ormation 6ith di,,erent
characteristics1 in the li2ht o, its
circumstances. It is necessary to strike a
alance et6een overurdenin2 ,inancial
statements 6ith e9cessive detail that may not
assist users o, ,inancial statements and
oscurin2 important in,ormation as a result o,
too much a22re2ation. >or e9ample1 an entity
must not oscure important in,ormation y
includin2 it amon2 a lar2e amount o,
insi2ni,icant detail. /imilarly1 an entity must
not a22re2ate in,ormation so that it oscures
important di,,erences et6een individual
transactions or associated risks.
a( 2roup ,inancial instruments into
classes that are appropriate to the
nature o, the in,ormation disclosed and
that take into account the
characteristics o, those ,inancial
instruments
5
( provide su,,icient in,ormation to permit
reconciliation to the relevant items
position
5
Signi.icance o. .inancial instru0ents .or .inancial position and
per.or0ance
3es 4o 4)A Comments
Pa2e *$ o, #!$
&7(3 IFRS <3<
evaluate the si2ni,icance o, ,inancial
instruments to its ,inancial position and
per,ormance
5
State0ent o. .inancial position: Categories o. .inancial assets and
.inancial lia%ilities
3es 4o 4)A Comments
&7&3 IFRS <3:4 I!S )838
Does the entity disclose1 the carryin2
amounts o, each o, the ,ollo6in2 cate2ories1
as de,ined in IA/ $G.G7
a( ,inancial assets at ,air value throu2h
pro,it or loss1 sho6in2 separately7
i( those desi2nated as such upon
initial reco2nitionI
5
ii( those classi,ied as held ,or tradin2I 5
( heldAtoAmaturity investmentsI 5
c( loans and receivalesI 5
d( availaleA,orAsale ,inancial assetsI 5
e( ,inancial liailities at ,air value throu2h
pro,it or loss1 sho6in2 separately7
i( those desi2nated as such upon
initial reco2nitionI
5
ii( those classi,ied as held ,or tradin2I 5
,( ,inancial liailities measured at
amortised cost.
5
Financial assets or .inancial lia%ilities at .air value through pro.it or
loss
3es 4o 4)A Comments
&7)3 IFRS <38
I, the entity has desi2nated a loan or
receivale %or a 2roup o, loans or
receivales( at ,air value throu2h pro,it or
loss1 does it disclose as a minimum7
a( The ma9imum e9posure to credit risk
o, the loan or receivale %or 2roup o,
loans or receivales( at the end o, the
reportin2 period %re,er to item !!+(
5
( the amount y 6hich any related credit
derivatives or similar instruments
miti2ate that ma9imum e9posure to
credit riskI
5
Pa2e *+ o, #!$
c( the amount o, chan2e1 durin2 the
period and cumulatively1 in the ,air
value o, the loan or receivale %or
2roup o, loans or receivales( that is
attriutale to chan2es in the credit
risk o, the ,inancial asset determined
either7
I>&/ F.G Chan2es in market
conditions that 2ive rise to market risk
include chan2es in an oserved
%enchmark( interest rate1 commodity
price1 ,orei2n e9chan2e rate or inde9
o, prices or rates.
i( as the chan2e in its ,air value that is
not attriutale to chan2es in
market conditions that 2ive rise to
market risk
or
5
ii( usin2 an alternative method the
entity elieves more ,aith,ully
represents the amount o, chan2e
in its ,air value that is attriutale to
chan2es in credit risk o, the asset.
5
d( the amount o, the chan2e in the ,air
value o, any related credit derivatives
or similar instruments that has
occurred durin2 the period and
cumulatively since the loan or
receivale 6as desi2nated.
5
3es 4o 4)A Comments
&773 IFRS <3('4 I!S )838
I, the entity has desi2nated a ,inancial liaility
as at ,air value throu2h pro,it or loss in
accordance 6ith IA/ $G.G1 does it disclose7
a( the amount o, chan2e1 durin2 the
period and cumulatively1 in the ,air
value o, the ,inancial liaility that is
attriutale to chan2es in the credit
risk o, that liaility determined either7
I>&/ F.#" Chan2es in market
conditions that 2ive rise to market risk
include chan2es in a enchmark
interest rate1 price o, another entity=s
,inancial instrument1 commodity price1
,orei2n e9chan2e rate or an inde9 o,
prices or rates. >or contracts that
include a unitAlinkin2 ,eature1 chan2es
in market conditions include chan2es
in the per,ormance o, the related
internal or e9ternal investment ,und.
Pa2e *? o, #!$
IFRS <3B7
i( as the amount o, chan2e in its
,air value that is not attriutale to
chan2es in market conditions that
2ive rise to market riskI or
5
ii( Csin2 an alternative method that
the entity elieves more ,aith,ully
represents the chan2e in its ,air
value that is attriutale to
chan2es in the credit risk o, the
liaility
5
( the di,,erence et6een the ,inancial
liaility=s carryin2 amount and the
amount the entity 6ould e
contractually re8uired to pay at
maturity to the holder o, the oli2ation.
5
3es 4o 4)A Comments
&793 IFRS <3((
Does the entity disclose as a minimum7
a( The methods used to comply 6ith the
re8uirements in I>&/ F.G%c( and I>&/
F.#"%a( aove.
5
( I, the entity elieves that the disclosure
it has 2iven to comply 6ith the
re8uirements in I>&/ F.G%c(. and #
I>&/ F.#"%a( aove. does not ,aith,ully
represent the chan2e in the ,air value
o, the ,inancial asset or ,inancial
liaility attriutale to chan2es in the
credit risk7
i( The reasons ,or reachin2 this
conclusion and
5
ii( The ,actors the entity elieves are
relevant
5
Reclassi.ication
3es 4o 4)A Comments
&7;3 IFRS <3(&4 I!S )839(,97
I, the entity has reclassi,ied a ,inancial asset
as one measured7
a( a( At cost or amortised cost1 rather
than at ,air value Or
5
( At ,air value1 rather than at cost or
amortised cost Does it disclose the
amount reclassi,ied into and out o,
each cate2ory and the reason ,or that
reclassi,ication
5
3es 4o 4)A Comments
&7<3 IFRS <3(&!4 I!S )839'B4 I!S )839'D4
I!S )839'E
I, the entity reclassi,ies a ,inancial asset out
o, the ,air value throu2h pro,it or loss
cate2ory O& out o, the availaleA,orAsale
cate2ory1 does it disclose7
Pa2e ** o, #!$
a( the amount reclassi,ied into and out o,
each cate2oryI
5
( ,or each reportin2 period until
dereco2nition1 the carryin2 amounts
and ,air values o, all ,inancial assets
that the entity reclassi,ied in the
current and previous reportin2 periodsI
5
c( i, a ,inancial asset is reclassi,ied out o,
,air value throu2h pro,it or loss due to
rare circumstances1 the rare situation
and the ,acts and circumstances
indicatin2 that the situation 6as rareI
5
d( ,or the reportin2 period 6hen the
,inancial asset 6as reclassi,ied1 the
,air value 2ain or loss on the ,inancial
asset reco2nised in pro,it or loss or
other comprehensive income in that
reportin2 period and in the previous
reportin2 periodI
5
e( ,or each reportin2 period ,ollo6in2 the
reclassi,ication %includin2 the reportin2
period in 6hich the ,inancial asset 6as
reclassi,ied( until dereco2nition o, the
,inancial asset1 the ,air value 2ain or
loss that the entity 6ould have
reco2nised in pro,it or loss or other
comprehensive income i, the ,inancial
asset had not een reclassi,ied1 and
the 2ain1 loss1 income and e9pense
reco2nised in pro,it or lossI
5
Pa2e *F o, #!$
,( the e,,ective interest rate and estimated
amounts o, cash ,lo6s the entity
e9pects to recover1 as at the date o,
reclassi,ication o, the ,inancial asset.
IA/ $G.?"@The entity may reclassi,y a
,inancial asset to 6hich IA/ $G.?"%c(
applies %e9cept a ,inancial asset as
descried in IA/ $G.?"D( out o, the ,air
value throu2h pro,it or loss cate2ory
only in rare circumstances.IA/
$G.?"DThe entity may reclassi,y a
,inancial asset to 6hich IA/ $G.?"%c(
applies that 6ould have met the
de,inition o, loans and receivales %i,
the ,inancial asset had not een
re8uired to e classi,ied as held ,or
tradin2 at initial reco2nition( out o, the
,air value throu2h pro,it or loss
cate2ory i, the entity has the intention
and aility to hold the ,inancial asset
,or the ,oreseeale ,uture or until
maturity.IA/ $G.?"BThe entity may
reclassi,y a ,inancial asset classi,ied
as availaleA,orAsale that 6ould have
met the de,inition o, loans and
receivales %i, it had not een
desi2nated as availaleA,orAsale( out o,
the availaleA,orAsale cate2ory to the
loans and receivales cate2ory i, the
entity has the intention and aility to
hold the ,inancial asset ,or the
,oreseeale ,uture or until maturity.
5
-rans.ers o. .inancial assets
3es 4o 4)A Comments
&7:3 IFRS <37&!
Does the entity present the disclosures
re8uired in I>&/ F.+!@A+!H in a sin2le note
in its ,inancial statements
5
3es 4o 4)A Comments
&783 IFRS <37&B
enales users o, its ,inancial statements to7
a( Cnderstand the relationship et6een
trans,erred ,inancial assets that are
not dereco2nised in their entirety and
the associated liailities
5
Pa2e *0 o, #!$
( Bvaluate the nature o,1 and risks
associated 6ith1 the entity=s continuin2
involvement in dereco2nised ,inancial
assets
I>&/ F +!AI>&/ F.+!@A+!H
supplement the other disclosure
re8uirements o, I>&/ F. The entity
provides these disclosures ,or all
trans,erred ,inancial assets that are
not dereco2nised and ,or any
continuin2 involvement in a trans,erred
asset1 e9istin2 at the reportin2 date1
irrespective o, 6hen the related
trans,er transaction occurred.>or these
disclosure re8uirements1 an entity
trans,ers all or part o, a ,inancial asset
%the trans,erred ,inancial asset(1 only i,
it either7a. Trans,ers the contractual
ri2hts to receive the cash ,lo6s o, that
,inancial assetOr. &etains the
contractual ri2hts to receive the cash
,lo6s o, that ,inancial asset1 ut
assumes a contractual oli2ation to
pay the cash ,lo6s to one or more
recipients in an arran2ement
%commonly re,erred to as a =passA
throu2h arran2ement=( 4ote7 the
meanin2 o, Qtrans,er= in I>&/ F di,,ers
,rom that in IA/ $G %I>&/ G( 6ith
respect to =passAthrou2h
arran2ements=. In particular1 ,or passA
throu2h arran2ements to 8uali,y as
trans,ers under IA/ $G %I>&/ G(1 all
three conditions in IA/ $G.#G %I>&/
G.$.!.?( %commonly re,erred to as the
Qpass throu2h conditions=( need to e
met. In contrast1 passAthrou2h
conditions need not e met ,or passA
throu2h arran2ements to e 6ithin the
scope o, I>&/ F. Accordin2ly1 an
arran2ement 6herey a reportin2
entity %includin2 any consolidated
special purpose entity( issues notes
payale to investors that are
contractually re,erenced to speci,ied
assets1 and are nonArecourse to the
2roup1 ,alls 6ithin the scope o, these
disclosure re8uirements1 irrespective
o, 6hether such an arran2ement
meets all the IA/ $G %I>&/G( =passA
throu2h= conditions.
5
-rans.erred .inancial assets that are not derecognised in their
entirety
3es 4o 4)A Comments
Pa2e *G o, #!$
&9'3 IFRS <37&D4 IFRS <3B)&
To meet the o-ectives in I>&/ F.+!@%a(
aove1 does the entity disclose ,or each class
o, trans,erred ,inancial assets that are not
dereco2nised in their entirety %i.e. trans,ers
that result in partial or no dereco2nition(7
a( The nature o, the trans,erred assets 5
( The nature o, the risks and re6ards o,
o6nership to 6hich the entity remains
e9posed
5
c( A description o, the nature o, the
relationship et6een the trans,erred
assets and the associated liailities1
includin2 any restrictions arisin2 ,rom
the trans,er on the entity=s use o, the
trans,erred assets
5
d( <hen the counterparty %counterparties(
to the associated liailities has %have(
recourse only to the trans,erred
assets1 a schedule that sets out
i( The ,air value o, the trans,erred
assets
5
ii( The ,air value o, the associated
liailities
5
iii( The net position 5
e( <hen the entity continues to reco2nise
all o, the trans,erred assets1 the
carryin2 amounts o, the trans,erred
assets and the associated liailities
5
I!S )83&'*c+*ii+4 I!S )83)'
,( <hen the entity continues to
reco2nise the assets to the e9tent o,
its continuin2 involvement7
i( The total carryin2 amount o, the
ori2inal assets e,ore the trans,er
5
ii( The carryin2 amount o, the assets
that the entity continues to
reco2nise
5
iii( The carryin2 amount o, the
associated liailities
Those disclosures are re8uired at
each reportin2 date at 6hich the
entity continues to reco2nise the
trans,erred ,inancial assets1
re2ardless o, 6hen the trans,ers
occurred.
5
-rans.erred .inancial assets that are derecognised in their entirety
3es 4o 4)A Comments
Pa2e F" o, #!$
&9(3 IFRS <37&E4 I!S )83&'*a+4 I!S )83&'*ci+
To meet the o-ectives in I>&/ F.+!@%(
aove1 6hen the entity dereco2nises ,inancial
assets in their entirety1 ut has continuin2
involvement in them1 does the entity disclose1
as a minimum1 ,or each type o, continuin2
involvement at the reportin2 date7
a( The carryin2 amount o, the assets and
liailities that are reco2nised in the
entity=s statement o, ,inancial position
and represent the entity=s continuin2
involvement in the dereco2nised
,inancial assets1 and the line items in
6hich those assets and liailities are
reco2nised
5
( The ,air value o, the assets and
liailities that represent the entity=s
continuin2 involvement in the
dereco2nised ,inancial assets
5
c( The amount that est represents the
entity=s ma9imum e9posure to loss
,rom its continuin2 involvement in the
dereco2nised ,inancial assets1 and
ho6 the ma9imum e9posure to loss is
determined
5
d( The undiscounted cash out,lo6s that
6ould or may e re8uired to
repurchase the dereco2nised ,inancial
assets or other amounts payale to
the trans,eree ,or the trans,erred
assets.
B9amples o, cash out,lo6s to
repurchase the dereco2nised ,inancial
assets include the strike price in an
option a2reement or the repurchase
price in a repurchase a2reement. I, the
cash out,lo6 is variale1 then the
amount disclosed is ased on the
conditions that e9ist at each reportin2
date.
5
Pa2e F# o, #!$
IFRS <3B)74 IFRS <3B)94 IFRS <3B);
e( A maturity analysis o, the
undiscounted cash out,lo6s that 6ould
or may e re8uired to repurchase the
dereco2nised ,inancial assets or other
amounts payale to the trans,eree in
respect o, the trans,erred assets1
sho6in2 the remainin2 contractual
maturities o, the entity's continuin2
involvement
I>&/ F. @$+ The maturity analysis
should distin2uish cash ,lo6s that are
re8uired to e paid %e.2.1 ,or6ard
contracts(1 cash ,lo6s that the entity
may e re8uired to pay %e.2.1 6ritten
put options( and cash ,lo6s that the
entity mi2ht choose to pay %e.2.1
purchased call options(.An entity uses
its -ud2ement to determine an
appropriate numer o, time ands in
preparin2 the maturity analysis. I,
there is a ran2e o, possile maturities1
the cash ,lo6s are included on the
asis o, the earliest date on 6hich the
entity can e re8uired or is permitted
to pay. %see I>&/ F.@$? ,or e9amples
o, time ands(.
5
IFRS <3B)<
,( Kualitative in,ormation that e9plains
and supports the 8uantitative
disclosures in %a(:%e(1 that includes a
description o,7
i( the dereco2nised ,inancial assets
and the nature and purpose o, the
continuin2 involvement retained
a,ter trans,errin2 those assets
5
ii( the risks to 6hich an entity is
e9posed1 includin27
#( A description o, ho6 the entity
mana2es the risk inherent in its
continuin2 involvement in the
dereco2nised ,inancial assets
5
!( <hether the entity is re8uired to
ear losses e,ore other
parties1 and the rankin2 and
amounts o, losses orne y
parties 6hose interests rank
lo6er than the entity=s interest
in the asset %i.e.1 its continuin2
involvement in the asset(
5
Pa2e F! o, #!$
$( A description o, any tri22ers
associated 6ith oli2ations to
provide ,inancial support or to
repurchase a trans,erred
,inancial asset
I>&/ F.+!>An entity may
a22re2ate the in,ormation
re8uired y I>&/ F.+!B.aove
,or a particular asset i, the entity
has more than one type o,
continuin2 involvement in that
dereco2nised ,inancial asset1
and report it under one type o,
continuin2 involvement.
5
3es 4o 4)A Comments
&9&3 IFRS <37&
Does the entity disclose1 ,or each reportin2
period ,or 6hich a statement o,
comprehensive income is presented1 ,or each
type o, continuin2 involvement7
IFRS <3B):
a( The 2ain or loss reco2nised at the
date o, trans,er o, the assets includin27
i( <hether that 2ain or loss on
dereco2nition arose ecause the
,air values o, the components o,
the previously reco2nised asset
%i.e.1 the interest in the asset
dereco2nised and the interest
retained y the entity( 6ere
di,,erent ,rom the ,air value o, the
previously reco2nised asset as a
6hole
5
ii( I, that 2ain or loss on dereco2nition
arose ecause the ,air values o,
the components o, the previously
reco2nised asset 6ere di,,erent
,rom the ,air value o, the previously
reco2nised asset as a 6hole1
6hether the ,air value
measurements included si2ni,icant
inputs that 6ere not ased on
oservale market data
5
( Income and e9penses reco2nised1
oth in the reportin2 period and
cumulatively1 ,rom the entity=s
continuin2 involvement %,or e9ample1
,air value chan2es in derivative
instruments(
5
Pa2e F$ o, #!$
c( I, the total amount o, proceeds ,rom
trans,er activity %that 8uali,ies ,or
dereco2nition( in a reportin2 period is
not evenly distriuted throu2hout the
reportin2 period %,or e9ample1 i, a
sustantial proportion o, the total
amount o, trans,er activity takes place
in the closin2 days o, a reportin2
period(7
i( <hen the 2reatest trans,er activity
took place 6ithin that reportin2
period %,or e9ample1 the last ,ive
days e,ore the end o, the
reportin2 period(
5
ii( The amount reco2nised %,or
e9ample1 related 2ains or losses(
,rom trans,er activity in that part o,
5
iii( The total amount o, proceeds ,rom
trans,er activity in that part o, the
reportin2 period.
5
Supple0entary in.or0ation
3es 4o 4)A Comments
Pa2e F+ o, #!$
&9)3 IFRS <37&?4 IFRS <3B)8
Does the entity disclose any additional
in,ormation necessary to meet the disclosure
o-ectives in I>&/ F.+!@.
I>&/ F.+!C1 I>&/ F.@!G1 I>&/ F.@$"1 I>&/
F. @$#>or I>&/ F. +!BA+!H1 an entity has
,inancial asset i,1 as part o, the trans,er1 the
entity retains any o, the contractual ri2hts or
oli2ations inherent in the trans,erred
,inancial asset or otains any ne6 contractual
ri2hts or oli2ations relatin2 to the trans,erred
,inancial asset. Continuin2 involvement in a
trans,erred ,inancial asset may result ,rom
contractual provisions in the trans,er
a2reement or in a separate a2reement 6ith
the trans,eree or a third party entered into in
connection 6ith the trans,er. Ho6ever1the
,ollo6in2 do not constitute continuin2
involvement7a. 4ormal representations and
6arranties relatin2 to ,raudulent trans,er and
concepts o, reasonaleness1 2ood ,aith and
,air dealin2s that could invalidate a trans,er
as a result o, le2al action. >or6ard1 option
and other contracts to reac8uire the
trans,erred ,inancial asset ,or 6hich the
contract price %or e9ercise price( is the ,air
value o, the trans,erred ,inancial assetc. An
arran2ement 6herey an entity retains the
contractual ri2hts to receive the cash ,lo6s o,
a ,inancial asset1 ut assumes a contractual
oli2ation to pay the cash ,lo6s to one or
more entities and the conditions in IA/
$G.#G%a(:%c( are metThe assessment o,
,inancial asset ,or the purposes o, the
disclosure re8uirements in I>&/ F. +!BA+!H
is made at the level o, the reportin2 entity.
I>&/ F. +!BA+!H re8uire 8ualitative and
8uantitative disclosures ,or each type o,
continuin2 involvement in dereco2nised
,inancial assets.I>&/ F.@$$An entity
a22re2ates its continuin2 involvement into
cate2ories that are representative o, the
entity's e9posure to risks. >or e9ample1 y
type o, ,inancial instrument %,or e9ample1
2uarantees or call options( or y type o,
trans,er %,or e9ample1 ,actorin2 o,
receivales1 securitisations and secured
lendin2(.
5
Collateral
3es 4o 4)A Comments
&973 IFRS <3(74 I!S )83)<
Pa2e F? o, #!$
a( the carryin2 amount o, ,inancial assets
pled2ed as collateral ,or liailities or
contin2ent liailities1 includin2
amounts that have een reclassi,ied in
accordance 6ith IA/ $G.$F%a(I
IA/ $G.$F I, a trans,eror provides nonA
cash collateral %such as det or e8uity
instruments( to the trans,eree1 the
accountin2 ,or the collateral y the
trans,eror and the trans,eree depends
on 6hether the trans,eree has the ri2ht
to sell or repled2e the collateral and
6hether the trans,eror has de,aulted. I,
the trans,eree has the ri2ht y contract
or custom to sell or repled2e the
collateral1 then the trans,eror
reclassi,ies that asset in its statement
o, ,inancial position %,or e9ample1 as a
loaned asset1 pled2ed e8uity
instruments or repurchase receivale(
separately ,rom other assets./ome
transactions involvin2 the provision o,
nonAcash ,inancial collateral may e
considered trans,ers that ,all 6ithin the
scope o, I>&/ F. +! D %e.2. non cash
collateral trans,erred in a repo(. This
6ould normally e the case 6hen %a(
the trans,eree=s ri2hts to control the
asset are not conditional on the
trans,eror=s de,ault. This is o,ten
evidenced y the trans,er o, le2al
o6nership and)or the trans,eree=s
aility to reAsell or reApled2e the
,inancial assetI or %( 6hen the
arran2ement is considered a Q QpassA
throu2h= arran2ement %see item #G!
aove(.Collateral pled2ed or received
su-ect to a nettin2 arran2ement 6ould
also ,all 6ithin the scope o, the
o,,settin2 disclosures irrespective o,
6hether or not the collateral met the
o,,settin2 criteria %see items !$$A!$*
elo6(.
5
( the terms and conditions relatin2 to the
pled2e.
5
3es 4o 4)A Comments
&993 IFRS <3(9
I, the entity holds collateral %o, ,inancial or
nonA,inancial assets( and may sell or
repled2e the collateral in the asence o,
de,ault y the o6ner o, the collateral1 does
the entity disclose as a minimum7
a( the ,air value o, the collateral heldI 5
Pa2e F* o, #!$
( the ,air value o, any such collateral
sold or repled2ed and 6hether the
entity has an oli2ation to return itI
5
c( the terms and conditions associated
6ith its use o, this collateral.
5
!llowance account .or credit losses
3es 4o 4)A Comments
&9;3 IFRS <3(;
I, ,inancial assets are impaired y credit
losses and the entity records the impairment
in a separate account %,or e9ample1 an
allo6ance account or similar account used to
record a collective impairment o, assets(
rather than directly reducin2 the carryin2
amount o, the asset1 does the entity disclose
a reconciliation o, chan2es in that account
durin2 the period ,or each class o, ,inancial
assets
5
Co0pound .inancial instru0ents with 0ultiple e0%edded
derivatives
3es 4o 4)A Comments
&9<3 IFRS <3(<
I, the entity issued an instrument that
contains oth a liaility and an e8uity
component and the instrument has multiple
emedded derivatives 6hose values are
interdependent %such as a callale
convertile det instrument(1 does the entity
disclose the e9istence o, those ,eatures
5
De.aults and %reaches
3es 4o 4)A Comments
&9:3 IFRS <3(:
>or loans payale reco2nised at the end o,
the reportin2 period1 does the entity disclose7
a( details o, any de,aults durin2 the
period o, principal1 interest1 sinkin2
,und1 or redemption terms o, those
loans payaleI
5
( the carryin2 amount o, the loans
payale in de,ault at the end o, the
reportin2 periodI
5
c( 6hether the de,ault 6as remedied1 or
the terms o, the loans payale 6ere
rene2otiated1 e,ore the ,inancial
5
3es 4o 4)A Comments
Pa2e FF o, #!$
&983 IFRS <3(8
I,1 durin2 the reportin2 period1 there are
reaches o, loan a2reement terms other than
those descried in I>&/ F.#0 aove1 does the
entity disclose the same in,ormation as
re8uired y I>&/ F.#0 i, those reaches
permit the lender to demand accelerated
repayment %unless the reaches 6ere
remedied1 or the terms o, the loan 6ere
rene2otiated on or e,ore the end o, the
reportin2 period(
5
State0ent o. co0prehensive inco0e and e/uity: Ite0s o. inco0e4
e2pense4 gains and losses
3es 4o 4)A Comments
&;'3 IFRS <3&'
Does the entity disclose the ,ollo6in2 items o,
income1 e9pense1 2ains or losses7
a( net 2ains or net losses on7
i( ,inancial assets or ,inancial liailities
at ,air value throu2h pro,it or loss1
sho6in2 separately7
#( those on ,inancial assets or
,inancial liailities desi2nated
as such upon initial reco2nition1
5
I!S )838
!( those on ,inancial assets or
,inancial liailities that are
classi,ied as held ,or tradin2 in
accordance 6ith IA/ $GI
5
ii( availaleA,orAsale ,inancial assets1
sho6in2 separatelyI
#( the 2ain or loss reco2nised in
other comprehensive income
durin2 the reportin2 periodI
5
!( the amount reclassi,ied ,rom
e8uity to pro,it or loss as a
reclassi,ication ad-ustment ,or
the reportin2 periodI
5
iii( heldAtoAmaturity investmentsI 5
iv( loans and receivalesI 5
v( ,inancial liailities measured at
amortised cost.
5
Pa2e F0 o, #!$
( total interest income and total interest
e9pense %calculated usin2 the e,,ective
interest method( ,or ,inancial assets or
,inancial liailities that are not at ,air
value throu2h pro,it or lossI
I>&/ +.$?%d(1 I>&/ F.!"%( >or
,inancial instruments that contain a
discretionary participation ,eature1 the
entity shall disclose the total interest
e9pense reco2nised in pro,it or loss as
re8uired under I>&/ F.!"%( ut does
not need to calculate such interest
e9pense usin2 the e,,ective interest
method.
5
c( ,ee income and e9pense %other than
amounts included in determinin2 the
e,,ective interest rate( arisin2 ,rom7
i( ,inancial assets or ,inancial liailities
that are not at ,air value throu2h
pro,it or lossI
5
ii( trust and other ,iduciary activities
that result in the holdin2 or
investin2 o, assets on ehal, o,
individuals1 trusts1 retirement
ene,it plans and other institutionsI
5
I!S )83!8)
d( interest income on impaired
,inancial assets accrued in accordance
6ith o, IA/ $G.AGG$I
5
e( any impairment loss ,or each class o,
,inancial asset
5
$ther disclosures !ccounting policies
3es 4o 4)A Comments
&;(3 IFRS <3&(
Does the entity disclose1 in the summary o,
si2ni,icant accountin2 policies1 the
measurement asis %or ases( used in
preparin2 the ,inancial statements and the
other accountin2 policies that are relevant to
an understandin2 o, the ,inancial statements
in relation to ,inancial instruments
5
3es 4o 4)A Comments
&;&3 IFRS <3B9
Does the entity disclose ,or ,inancial assets or
,inancial liailities desi2nated as at ,air value
throu2h pro,it or loss7
a( the nature o, the ,inancial assets or
,inancial liailities the entity has
desi2nated as at ,air value throu2h
pro,it or lossI
5
( the criteria ,or so desi2natin2 such
,inancial assets or ,inancial liailities
on initial reco2nitionI
5
Pa2e FG o, #!$
I!S )8384 I!S )83((!4 I!S )83(&
c( Ho6 the entity satis,ied the
conditions in IA/ $G.G1 IA/ $G.##A or
IA/ $G.#! ,or such desi2nation7
I!S )838*%+
i( >or instruments desi2nated in
accordance 6ith the de,inition o, a
,inancial asset or ,inancial liaility
at ,air value throu2h pro,it or loss in
IA/ $G.G%(%i(1 that disclosure
includes the circumstances
underlyin2 the measurement or
reco2nition inconsistency that
6ould other6ise arise
5
I!S )838*%+
ii( ,or instruments desi2nated in
accordance 6ith the de,inition o, a
,inancial asset or ,inancial liaility
at ,air value throu2h pro,it or loss in
IA/ $G.G%(%ii(1 that disclosure
includes a narrative description o,
ho6 desi2nation at ,air value
throu2h pro,it or loss is consistent
6ith the entity=s documented risk
mana2ement or investment
strate2y.
5
3es 4o 4)A Comments
&;)3 IFRS <3B9
a( the criteria ,or desi2natin2 ,inancial
assets as availaleA,orAsaleI
5
I!S )83):
( 6hether re2ular 6ay purchases
and sales o, ,inancial assets are
accounted ,or at trade date or at
settlement dateI
5
c( I, the entity uses an allo6ance to
reduce the carryin2 amount o, ,inancial
assets impaired y credit losses7
i( the criteria ,or determinin2 6hen the
carryin2 amount o, impaired
,inancial assets is reduced directly
%or1 in a reversal o, a 6riteAdo6n1
increased directly( and 6hen the
allo6ance account is usedI
5
IFRS <3(;
ii( the criteria ,or 6ritin2 o,,
amounts char2ed to the allo6ance
account a2ainst the carryin2
amount o, impaired ,inancial
assetsI
5
Pa2e 0" o, #!$
IFRS <3&'*a+
d( ho6 net 2ains or net losses on
each cate2ory o, ,inancial instrument
are determined1 ,or e9ample1 6hether
the net 2ains or net losses on items at
,air value throu2h pro,it or loss include
interest or dividend incomeI
5
IFRS <3&'*e+
e( the criteria the entity uses to
determine that there is o-ective
evidence that an impairment loss has
occurredI
5
IFRS <3);*d+
,( i, the terms o, ,inancial assets that
6ould other6ise e past due or
impaired have een rene2otiated1 the
accountin2 policy ,or ,inancial assets
that are the su-ect o, rene2otiated
terms.
5
3es 4o 4)A Comments
&;73 IFRS <3B94 I!S (3(&&
Does the entity disclose mana2ement's
-ud2ements ,or ,inancial instruments that
have the most si2ni,icant e,,ect on the
,inancial statements.
5
?edge accounting
3es 4o 4)A Comments
&;93 IFRS <3&&4 I!S )83:;
separately ,or each type o, hed2e in IA/ $G
%that is1 ,air value hed2es1 cash ,lo6 hed2es
and hed2es o, a net investment in a ,orei2n
operations(7
a( A description o, each type o, hed2e 5
( a description o, the ,inancial
instruments desi2nated as hed2in2
instruments
5
c( Their ,air values at the end o, the
reportin2 period
5
d( The nature o, the risks ein2 hed2ed 5
3es 4o 4)A Comments
&;;3 IFRS <3&)
>or cash ,lo6 hed2es1 does the entity
disclose7
a( the periods 6hen the cash ,lo6s are
e9pected to occur and 6hen they are
e9pected to a,,ect pro,it or lossI
5
( any ,orecast transaction ,or 6hich
hed2e accountin2 had previously een
used ut 6hich is no lon2er e9pected
to occurI
5
Pa2e 0# o, #!$
c( The amount reco2nised in other
comprehensive income durin2 the
reportin2 period
5
d( the amount that 6as reclassi,ied ,rom
e8uity to pro,it or loss as a
reclassi,ication ad-ustment ,or the
reportin2 period1 sho6in2 the amount
included in each line item in the
statement o, comprehensive incomeI
5
e( The amount that 6as removed ,rom
e8uity durin2 the reportin2 period and
included in the initial cost or other
carryin2 amount o, a nonA,inancial
asset or nonA,inancial liaility 6hose
ac8uisition or incurrence 6as a
hed2ed hi2hly proale ,orecast
transaction
5
3es 4o 4)A Comments
&;<3 IFRS <3&7
Does the entity disclose separately7
a( in ,air value hed2es1 2ains or lossesI
i( on the hed2in2 instrumentI 5
ii( on the hed2ed item attriutale to
the hed2ed riskI
5
( the ine,,ectiveness reco2nised in pro,it
or loss that arises ,rom cash ,lo6
hed2esI
5
c( the ine,,ectiveness reco2nised in pro,it
or loss that arises ,rom hed2es o, net
investment in ,orei2n operations.
5
Fair value
3es 4o 4)A Comments
Pa2e 0! o, #!$
&;:3 IFRS <3&94 IFRS <3&8
Does the entity disclose ,or each class o,
,inancial assets and ,inancial liailities the ,air
value o, that class o, assets and liailities in a
6ay that permits it to e compared 6ith its
carryin2 amount %e9cept ,or those noted in
I>&/ F.!G(
I>&/ F.!G1 I>&/ +.App.A The entity is not
re8uired to disclose ,air value7a( I, the
carryin2 amount is a reasonale
appro9imation o, ,air value1 ,or e9ample1 ,or
,inancial instruments such as shortAterm trade
receivales and payales( >or an
investment in e8uity instruments that do not
have a 8uoted price in an active market ,or an
identical instrument %i.e. a .evel # input(1 or
derivatives linked to such e8uity instruments1
that is measured at cost in accordance 6ith
IA/ $G ecause its ,air value cannot
other6ise e measured relialyOrc( >or a
contract containin2 a discretionary
participation ,eature i, the ,air values o, that
,eature cannot e measured relialy.
5
3es 4o 4)A Comments
&;83 IFRS <3&;
In disclosin2 ,air values1 does the entity 2roup
,inancial assets and ,inancial liailities into
classes1 ut o,,set them only to the e9tent
that their carryin2 amounts are o,,set in the
statement o, ,inancial position.
I>&/ #.B$1 I>&/ F.++G>irstAtime adopters
are e9empt ,rom disclosin2 comparative
in,ormation %see Q>irstAtime adoption= section(
5
3es 4o 4)A Comments
&<'3 IFRS ()39,<
>or ,air value measurements %6hether
reco2nised or only disclosed(1 does the entity
provide the disclosures re8uired y I>&/ #$
5
3es 4o 4)A Comments
&<(3 IFRS <3&:
I, an entity does not reco2nise a 2ain or loss
on initial reco2nition o, a ,inancial asset or
,inancial liaility ecause the ,air value is
neither evidenced y a 8uoted price in an
active market ,or an identical asset or liaility
%i.e. level # input( nor ased on a valuation
techni8ue that uses only data ,rom
oservale markets %see IA/ $G AGF*(1 then
the entity shall disclose y class o, ,inancial
asset or liaility7
Pa2e 0$ o, #!$
I!S )83!<;*%+
a( Its accountin2 policy ,or
reco2nisin2 the di,,erence et6een the
,air value at initial reco2nition and the
transaction price in pro,it or loss to
re,lect a chan2e in ,actors %includin2
time( that market participants 6ould
take into account 6hen pricin2 the
asset or liaility
IA/ $G.AGF*AAn entity suse8uently
measures a ,inancial asset or ,inancial
liaility and the suse8uent reco2nition
o, 2ains and losses consistently 6ith
the re8uirements o, IA/ $G.
5
IFRS <3&:*%+
( The a22re2ate di,,erence yet to e
reco2nised in pro,it or loss at the
e2innin2 and end o, the reportin2
period and reconciliation o, chan2es in
the alance o, this di,,erence
5
IFRS <3&:*c+
c( <hy the entity has concluded that
the transaction price 6as not the est
evidence o, ,air value1 includin2 a
description o, the evidence that
supports the ,air value
5
3es 4o 4)A Comments
&<&3 IFRS <3)'
In the cases descried in I>&/ F.!G%( and
%c(1 does the entity disclose in,ormation to
help users o, the ,inancial statements make
their o6n -ud2ements aout the e9tent o,
possile di,,erences et6een the carryin2
amount o, those ,inancial assets or ,inancial
liailities and their ,air value1 includin27
a( The ,act that the entity does not
disclose ,air value ,or these
instruments ecause their ,air value
cannot e measured relialy
5
( A description o, the ,inancial
instruments1 their carryin2 amount and
an e9planation o, 6hy ,air value
5
c( The market ,or the instruments 5
d( <hether and ho6 the entity intends to
dispose o, the ,inancial instruments
5
e( I, ,inancial instruments 6hose ,air value
previously could not e relialy
measured are dereco2nised
i( That ,act 5
ii( Their carryin2 amount at the time o,
dereco2nition
5
iii( The amount o, 2ain or loss
reco2nised
5
Pa2e 0+ o, #!$
5ature and e2tent o. risk arising .ro0 .inancial instru0ents
3es 4o 4)A Comments
&<)3 IFRS <3)(
evaluate the nature and e9tent o, risks arisin2
,rom ,inancial instruments to 6hich the entity
is e9posed at the reportin2 period.
I>&/ F.@*1 I>&/ F.$!The disclosures
re8uired y items !F$A!0+ ,ocus on the risks
that arise ,rom ,inancial instruments and ho6
they have een mana2ed. These risks
typically include1 ut are not limited to1 credit
risk1 li8uidity risk and market risk. The
disclosures are either 2iven in the ,inancial
statements or incorporated y crossA
re,erence in the ,inancial statements to some
other statement1 such as a mana2ement
commentary or risk report1 that is availale to
users o, the ,inancial statements on the same
terms as the ,inancial statements and at the
same time. <ithout the in,ormation
incorporated y crossAre,erence1 the ,inancial
statements are incomplete.I>&/
F.$!AKualitative disclosures in comination
6ith 8uantitative disclosures enale users to
2ain an understandin2 o, the nature and
e9tent o, risks arisin2 ,rom ,inancial
instruments and evaluate the entity's
e9posure to risk.
5
Bualitative disclosures
3es 4o 4)A Comments
&<73 IFRS <3))
>or each type o, risk arisin2 ,rom ,inancial
instruments1 does the entity disclose7
a( the e9posures to risk and ho6 they
ariseI
5
( its o-ectives1 policies and processes
,or mana2in2 the risk and the methods
used to measure the riskI
5
c( any chan2es in %a( or %( ,rom the
previous period.
5
Buantitative disclosures
3es 4o 4)A Comments
&<93 IFRS <3)74 I!S &738
>or each type o, risk arisin2 ,rom ,inancial
instruments1 does the entity disclose7
Pa2e 0? o, #!$
a( /ummary 8uantitative data aout its
e9posure to that risk at the end o, the
reportin2 period ased on the
in,ormation provided internally to key
mana2ement personnel o, the entity
%as de,ined in IA/ !+(1 ,or e9ample1
the entity=s oard o, directors and chie,
e9ecutive o,,icer
I>&/ F.@F1 IA/ 0.#"I, the entity uses
several methods to mana2e a risk or
an e9posure1 the entity discloses
in,ormation usin2 the method or
methods that are most relevant and
reliale. IA/ 0.#" also discusses
relevance and reliaility.
5
( The disclosures re8uired y items !F0A
!0+ to the e9tent not provided in
accordance 6ith %a(
5
c( Concentrations o, risk i, not apparent
,rom the disclosures made in
accordance 6ith %a( and %(
I>&/ F.@01 I>&/
F.IG#0Concentrations o, risk arise
,rom ,inancial instruments that have
similar characteristics and are a,,ected
similarly y chan2es in economic or
other conditions. The identi,ication o,
concentrations o, risk re8uires
-ud2ement takin2 into account the
circumstances o, the entity %see I>&/
F.IG#0(.
5
3es 4o 4)A Comments
&<;3 IFRS <3B:
>or concentrations o, risk1 does the entity
disclose7
I>&/ F.IG#G In accordance 6ith I>&/ F.@01
disclosures o, concentrations o, risk includes
the shared characteristic that identi,ies each
concentration. >or e9ample1 the shared
characteristic may re,er to 2eo2raphical
distriution o, counterparties y 2roups o,
countries1 individual countries or re2ions
6ithin countries.
a( ho6 mana2ement determines
concentrationsI
5
( the shared characteristic that identi,ies
each concentration %,or e9ample1
counterparty1 2eo2raphical area1
currency and)or market(I
5
c( the amount o, the risk e9posure
associated 6ith all ,inancial
instruments sharin2 that characteristic.
5
Credit risk
3es 4o 4)A Comments
Pa2e 0* o, #!$
&<:3 IFRS <3);
Does the entity disclose y class o, ,inancial
instrument7
I>&/ F.@G1 I>&/ F.@#"I>&/ F.$*%a( re8uires
disclosure o, the amount that est represents
the entity=s ma9imum e9posure to credit risk.
>or a ,inancial asset1 this is typically the 2ross
carryin2 amount1 net o, 7a( any amounts
o,,set in accordance 6ith IA/ $!I and( any
impairment losses reco2nised in accordance
6ith IA/ $G.Activities that 2ive rise to credit
risk and the associated ma9imum e9posure
to credit risk include1 ut are not limited to7a(
Grantin2 loans and receivales to customers
and placin2 deposits 6ith other entities. In
these cases1 the ma9imum e9posure to credit
risk is the carryin2 amount o, the related
,inancial assets.( Bnterin2 into derivative
contracts such as ,orei2n e9chan2e
contracts1 interest rate s6aps and credit
derivatives. I, the entity measures the
resultin2 asset at ,air value1 the ma9imum
e9posure to credit risk at the end o, the
reportin2 period 6ill e8ual the carryin2
amount.c( Grantin2 ,inancial 2uarantees. In
this case1 the ma9imum e9posure to credit
risk is the ma9imum amount the entity could
have to pay i, the 2uarantee is called on1
6hich may e si2ni,icantly 2reater than the
amount reco2nised as a liaility.d( ;akin2 a
loan commitment that is irrevocale over the
li,e o, the ,acility or is revocale only in
response to a material adverse chan2e. I, the
issuer cannot settle the loan commitment net
in cash or another ,inancial instrument1 the
ma9imum credit e9posure is the ,ull amount
o, the commitment. This is ecause it is
uncertain 6hether the amount o, any
undra6n portion may e dra6n upon in the
,uture. This may e si2ni,icantly 2reater than
the amount reco2nised as a liaility.
a( The amount that est represents its
ma9imum e9posure to credit risk at the
end o, the reportin2 period 6ithout
takin2 account o, any collateral held or
other credit enhancements %,or
e9ample1 nettin2 a2reements that do
not 8uali,y ,or o,,set in accordance
6ith IA/ $!.+!(1 i, the carryin2 amount
does not represent the ma9imum
e9posure to credit risk
5
Pa2e 0F o, #!$
IFRS <3);4 IFRS <3I&&
( A description o, collateral held as
security and o, other credit
enhancements1 and their ,inancial
e,,ect %,or e9ample1 a 8uanti,ication o,
the e9tent to 6hich collateral and other
credit enhancements miti2ate credit
risk( ,or the amount that est
represents the ma9imum e9posure to
credit risk %6hether disclosed in
accordance 6ith %a( or represented y
the carryin2 amount o, a ,inancial
instrument(
5
IFRS <3);4 IFRS <3I&),&9
c( The credit 8uality o, ,inancial assets
that are neither past due nor impaired
5
Financial assets that are either past due or i0paired
3es 4o 4)A Comments
&<83 IFRS <3)<
Does the entity disclose y class o, ,inancial
asset7
IFRS <3I&:
a( An analysis o, the a2e o, ,inancial
assets that are past due as at the end
o, the reportin2 period ut not impaired
5
IFRS <3I&8
( An analysis o, ,inancial assets that
are individually determined to e
impaired as at the end o, the reportin2
period1 includin2 the ,actors the entity
considered in determinin2 that they
are impaired
5
Collateral and other credit enhance0ents o%tained
3es 4o 4)A Comments
&:'3 IFRS <3):
I, the entity otains ,inancial or nonA,inancial
assets durin2 the period y takin2 possession
o, collateral it holds as security or callin2 on
other credit enhancements %,or e9ample1
2uarantees(1 and such assets meet the
reco2nition criteria in other I>&/1 does the
entity disclose ,or such assets held at the
reportin2 date7
a( The nature and carryin2 amount o, the
assets otained
5
( I, the assets are not readily convertile
into cash1 its policies ,or disposin2 o,
such assets or ,or usin2 them in its
operations
5
6i/uidity risk
3es 4o 4)A Comments
&:(3 IFRS <3)8
Pa2e 00 o, #!$
a( a maturity analysis ,or nonAderivative
,inancial liailities %includin2 issued
,inancial 2uarantee contracts( that
sho6s the remainin2 contractual
maturitiesI
I>&/ F.@#"A1 I>&/ F.@##1 I>&/
F.@##A1 I>&/ F.@##C1 I>&/ F.@##DAn
entity discloses summary 8uantitative
data aout its e9posure to li8uidity risk
on the asis o, in,ormation provided
internally to key mana2ement
personnel. An entity e9plains ho6
those data are determined.In
preparin2 the maturity analyses1 the
entity uses its -ud2ement to determine
appropriate time ands1 6hich are
consistent 6ith ho6 the entity
mana2es risk.In preparin2 the maturity
analyses1 the entity does not separate
an emedded derivative ,rom a hyrid
%comined( ,inancial instrument.I, the
counterparty has a choice o, 6hen an
amount is paid1 the liaility is included
on the earliest date on 6hich the entity
can e re8uired to pay. >or e9ample1
,inancial liailities that an entity must
repay on demand %such as demand
deposits( are included in the earliest
time and.I, the entity is committed to
make amounts availale in
instalments1 each instalment is
allocated to the earliest period in 6hich
the entity can e re8uired to pay. >or
e9ample1 an undra6n loan
commitment is included in the time
and containin2 the earliest date it can
e dra6n do6n.>or issued 2uarantee
contracts1 the ma9imum amount o, the
2uarantee is allocated to the earliest
period in 6hich the 2uarantee could e
called.The amounts in the maturity
analysis are the contractual
undiscounted cash ,lo6s1 ,or e9ample7
2ross ,inance lease oli2ations %e,ore
deductin2 ,inance char2es(1 prices
speci,ied in ,or6ard a2reements to
purchase ,inancial assets ,or cash1 net
amounts ,or payA,loatin2)receiveA,i9ed
interest rate s6aps ,or 6hich net cash
,lo6s are e9chan2ed1 contractual
amounts to e e9chan2ed in a
derivative ,inancial instrument %e.2. a
currency s6ap( ,or 6hich 2ross cash
,lo6s are e9chan2ed and 2ross loan
commitments./uch undiscounted cash
,lo6s di,,er ,rom the amount included
in the statement o, ,inancial position
5
Pa2e 0G o, #!$
( a maturity analysis ,or derivative
,inancial liailities1 6hich includes the
remainin2 contractual maturities ,or
those derivative ,inancial liailities ,or
6hich contractual maturities are
essential ,or an understandin2 o, the
timin2 o, the cash ,lo6sI
I>&/ F.@##@>or e9ample7 a. an
interest rate s6ap 6ith a remainin2
maturity o, ,ive years in a cash ,lo6
hed2e o, a variale rate ,inancial asset
or liailityI . all loan commitments.
5
c( ho6 it mana2es the li8uidity risk
inherent in %a( and %(I
I>&/ F.@##B1 I>&/ @##>The entity
discloses a maturity analysis o,
,inancial assets it holds ,or mana2in2
li8uidity risk %,or e9ample1 ,inancial
assets that are readily saleale or
e9pected to 2enerate cash in,lo6s to
meet cash out,lo6s on ,inancial
liailities(1 i, that in,ormation is
necessary to enale users o, its
,inancial statements to evaluate the
nature and e9tent o, li8uidity risk.Other
,actors that the entity considers in
I>&/ F.$G %c( aove include1 ut are
not limited to1 6hether the entity has
the ,ollo6in277 a. committed orro6in2
,acilities %,or e9ample1 commercial
paper ,acilities( or other lines o, credit
%,or e9ample1 standAy credit ,acilities(
that it can access to meet li8uidity
needsI. deposits at central anks to
meet li8uidity needsIc. very diverse
,undin2 sourcesId. si2ni,icant
concentrations o, li8uidity risk in either
its assets or its ,undin2 sourcesIe.
internal control processes and
contin2ency plans ,or mana2in2
li8uidity riskI,. instruments that include
accelerated repayment terms %,or
e9ample1 upon the do6n2rade o, the
entity=s credit ratin2(I2. instruments
that could re8uire the postin2 o,
collateral %,or e9ample1 mar2in calls ,or
derivatives(Ih. instruments that allo6
the entity to choose 6hether it settles
its ,inancial liailities y deliverin2
cash %or another ,inancial asset( or y
deliverin2 its o6n sharesI Ori.
instruments that are su-ect to master
nettin2 a2reements.
5
Pa2e G" o, #!$
IFRS <3B('!
d( Cnless the in,ormation is included in
the contractual maturity analysis
re8uired y I>&/ F.$G %a( or I>&/ F.$G
%( aove1 does the entity state that
,act and provide 8uantitative
in,ormation that enales users o, its
,inancial statements to evaluate the
e9tent o, this risk i, the out,lo6 o, cash
%or another ,inancial asset( could
either7
i( occur si2ni,icantly earlier than
indicated in the data Or
5
ii( e ,or si2ni,icantly di,,erent
amounts ,rom those indicated in
the data %,or e9ample1 ,or a
derivative that is included in the
data on a net settlement asis ut
,or 6hich the counterparty has the
option to re8uire 2ross settlement(.
5
=arket risk Sensitivity analysis
3es 4o 4)A Comments
&:&3 IFRS <37'
Cnless the entity complies 6ith I>&/ F.+#
elo61 does the entity disclose7
IFRS <3I))4 IFRS <3I)7
a( a sensitivity analysis ,or each type
o, market risk to 6hich the entity is
e9posed at the end o, the reportin2
period1 sho6in2 ho6 pro,it or loss and
e8uity 6ould have een a,,ected y
chan2es in the relevant risk variale
that 6ere reasonaly possile at the
end o, the reportin2 periodI
5
( the methods and assumptions used in
preparin2 the sensitivity analysisI
5
Pa2e G# o, #!$
c( chan2es ,rom the previous period in
the methods and assumptions used
and reasons ,or such chan2es.
I>&/ F.@#FA@!# In accordance 6ith
I>&/ F.@$1 the entity decides ho6 it
a22re2ates in,ormation to display the
overall picture 6ithout cominin2
in,ormation 6ith the di,,erent
characteristics aout e9posures to
risks ,rom si2ni,icantly di,,erent
economic environments.I, the entity is
e9posed to only one type o, market
risk in only one economic
environment1 it does not sho6
disa22re2ated in,ormation. >or this
purpose7a( Bntities disclose the e,,ect
on pro,it or loss and e8uity at the end
o, the reportin2 period1 assumin2 that
a reasonaly possile chan2e in the
relevant risk variale had occurred at
the end o, the reportin2 period and
had een applied to the risk e9posures
in e9istence at that date. >or e9ample1
i, an entity has a ,loatin2 rate liaility at
the end o, the year1 the entity 6ould
disclose the e,,ect on pro,it or loss
%that is1 interest e9pense( ,or the
current year i, interest rates had varied
y reasonaly possile amounts.(
Bntities are not re8uired to disclose
the e,,ect on pro,it or loss and e8uity
,or each chan2e 6ithin a ran2e o,
reasonaly possile chan2es o, the
relevant risk variale. Disclosure o, the
e,,ects o, the chan2es at the limits o,
the reasonaly possile ran2e are
su,,icient.In determinin2 6hat a
reasonaly possile chan2e in the
relevant risk variale is1 the entity
considers the ,ollo6in27a. The
economic environments in 6hich it
operates. A reasonaly possile
chan2e does not include remote or
Q6orst case= scenarios or Qstress tests=.
;oreover1 i, the rate o, chan2e in the
underlyin2 risk variale is stale1 the
entity need not alter the chosen
reasonaly possile chan2e in the risk
variale. The entity discloses the e,,ect
on pro,it or loss and e8uity i, interest
rates 6ere to chan2e to ?R or *R.
The entity is not re8uired to revise its
assessment that interest rates mi2ht
reasonaly ,luctuate1 unless there is
evidence that interest rates have
ecome si2ni,icantly more volatile..
The time ,rame over 6hich it is makin2
5
Pa2e G! o, #!$
3es 4o 4)A Comments
&:)3 IFRS <37(
I, the entity prepares a sensitivity analysis1
such as a valueAatArisk1 that re,lects
interdependencies et6een risk variales %,or
e9ample1 interest rates and e9chan2e rates(
and uses it to mana2e ,inancial risks1 it may
use that sensitivity analysis in place o, the
analysis in I>&/ F.+" aove. I, the entity uses
such a sensitivity analysis does the entity
also e9plain7
a( the method used in preparin2 such a
sensitivity analysis1 and the main
parameters and assumptions
underlyin2 the dataI
5
Pa2e G$ o, #!$
( the o-ective o, the method used and
o, limitations that may result in the
in,ormation not ,ully re,lectin2 the ,air
value o, the assets and liailities
involved.
I>&/ F.@!"This applies even i, such
methodolo2y measures only the
potential ,or loss and does not
measure the potential ,or 2ain. /uch
an entity mi2ht comply 6ith I>&/ F.+#
%a( y disclosin2 the type o, valueAatA
risk model used %e2 6hether the model
relies on ;onte Carlo simulations(1 an
e9planation aout ho6 the model
6orks and the main assumptions %e2
the holdin2 period and con,idence
level(. Bntities mi2ht also disclose the
historical oservation period and
6ei2htin2s applied to oservations
6ithin that period1 an e9planation o,
ho6 options are dealt 6ith in the
calculations1 and 6hich volatilities and
correlations %or1 alternatively1 ;onte
Carlo proaility distriution
simulations( are used.I>&/ F.@!$A@!+
JltI@&J2tIJltI@&J2tIJltI/T&O4GJ2tI
Currency riskJltI)/T&O4GJ2tI
JltI@&J2tIJltI@&J2tICurrency risk
does not arise ,rom ,inancial
instruments that are nonAmonetary
items or ,rom ,inancial instruments
denominated in the ,unctional
currency.JltIDINJ2tIJltI)DINJ2tIJltIPJ
2tIAn entity discloses a sensitivity
analysis ,or each currency to 6hich it
has si2ni,icant
e9posure.JltI@&J2tIJltI@&J2tII>&/Ja
mpInspIF.@!?A
@!0JltI@&J2tIJltI@&J2tIJltI/T&O4G
J2tIOther price
riskJltI)/T&O4GJ2tIJltI)PJ2tIJltIPJ2t
IOther price risk arises on ,inancial
instruments ecause o, chan2es in1 ,or
e9ample1 commodity prices or e8uity
prices. To comply 6ith I>&/ F.+"1 the
entity mi2ht disclose the e,,ect o, a
decrease in a speci,ied stock market
inde91 commodity price1 or other risk
variale. >or e9ample1 i, the entity
2ives residual value 2uarantees that
are ,inancial instruments1 the entity
discloses an increase or decrease in
the value o, the assets to 6hich the
2uarantee
applies.JltI)PJ2tIJltIPJ2tIT6o
e9amples o, ,inancial instruments that
2ive rise to e8uity price risk are a
5
Pa2e G+ o, #!$
$ther 0arket risk disclosures
3es 4o 4)A Comments
&:73 IFRS <37&
I, the sensitivity analyses in I>&/ F.+" and
I>&/ F.+#aove are unrepresentative o, a
risk inherent in a ,inancial instrument %,or
e9ample1 ecause the e9posure at the end o,
the reportin2 period does not re,lect the
e9posure durin2 the reportin2 period(1 does
the entity disclose that ,act and the reason it
elieves the sensitivity analyses are
unrepresentative.
I>&/ F.IG$FAIG+" An entity discloses
additional in,ormation 6hen the sensitivity
analysis is unrepresentative o, a risk inherent
in a ,inancial instrument. >or e9ample1 this
can occur 6hen7I>&/ F.IG$0a. A ,inancial
instrument contains terms and conditions
6hose e,,ects are not apparent ,rom the
sensitivity analysis. >or e9ample1 options that
remain out o, %or in( the money ,or the chosen
chan2e in the risk variale.I>&/ F.IG$G.
>inancial assets are illi8uid. >or e9ample1 i,
there is a lo6 volume o, transactions in
similar assets and the entity ,inds it di,,icult to
,ind a counterparty.I>&/ F.IG+"c. an entity
has a lar2e holdin2 o, a ,inancial asset that1 i,
sold in its entirety1 6ould e sold at a discount
or premium to the 8uoted market price ,or a
smaller holdin2I
5
"utta%le instru0ents and other si0ilar instru0ents classi.ied as
e/uity
3es 4o 4)A Comments
&:93 I!S (3:'!
I, the entity reclassi,ies7 A puttale ,inancial
instrument classi,ied as an e8uity
instrumentI or An instrument that imposes on
the entity an oli2ation to deliver to another
party a pro rata share o, the net assets o, the
entity only on li8uidation1 and is classi,ied as
an e8uity instrument et6een ,inancial
liailities and e8uity1 does it disclose7
a( the amount reclassi,ied into and out o,
each cate2ory %,inancial liailities or
e8uity(I
5
( the timin2 o, the reclassi,icationI 5
c( the reason ,or the reclassi,ication. 5
3es 4o 4)A Comments
&:;3 I!S (3();!
>or puttale ,inancial instruments classi,ied
as e8uity instruments1 does the entity
disclose7
Pa2e G? o, #!$
a( summary 8uantitative data aout the
amount classi,ied as e8uityI
5
( its o-ectives1 policies and processes
,or mana2in2 its oli2ation to
repurchase or redeem the instruments
i, re8uired to do so y the instrument
holders1 includin2 any chan2es ,rom
the previous periodI
5
c( the e9pected cash out,lo6 on
redemption or repurchase o, that class
o, ,inancial instrumentsI
5
d( in,ormation aout ho6 the e9pected
cash out,lo6 on redemption or
repurchase 6as determined.
5
3es 4o 4)A Comments
&:<3 I!S (3():
I, the entity is a limited li,e entity1 does it
disclose the len2th o, its li,e.
5
$..set Financial !ssets and Financial 6ia%ilities
3es 4o 4)A Comments
Pa2e G* o, #!$
&::3 IFRS <3()C4 IFRS <3()D
Does the entity disclose1 in a taular ,ormat
%unless another ,ormat is more appropriate(1
separately ,or reco2nised ,inancial assets and
reco2nised ,inancial liailities that have een
setAo,, in accordance 6ith IA/ $!.+! or that
are su-ect to an en,orceale master nettin2
arran2ement or similar a2reement1 the
,ollo6in2 8uantitative in,ormation7
IA/ $!.+$<hen an entity has the ri2ht to
receive or pay a sin2le net amount and
intends to do so1 it has1 in e,,ect1 only a sin2le
,inancial asset or ,inancial liaility. In other
circumstances1 ,inancial assets and
consistently 6ith their characteristics as
resources or oli2ations o, the,inancial
liailities are presented separately ,rom each
other entity.IA/ $!.GF.1 I>&/ F.++&1I>&/
F.#$AThe amendments to the I>&/ F
DisclosuresAO,,settin2 >inancial Assets and
>inancial .iailities include the disclosures
elo6 and is applicale ,or annual periods
e2innin2 on or a,ter # Panuary !"#$ and
interim periods 6ithin those annual periods.
The amendments to the I>&/ F DisclosuresA
O,,settin2 >inancial Assets and >inancial
.iailities include the disclosures elo6 and
is applicale ,or annual periods e2innin2 on
or a,ter # Panuary !"#$ and interim periods
6ithin those annual periods. The disclosure
re8uirements on o,,settin2 ,inancial assets
and ,inancial liailities applies not only to all
reco2nised ,inancial instruments that are set
o,, in accordance 6ith IA/ $!.+! ut also to
all reco2nised ,inancial instruments that are
su-ect to an en,orceale master nettin2
arran2ement or similar a2reement that covers
similar ,inancial instruments and transactions1
irrespective o, 6hether they are set o,, in
accordance 6ith IA/ $!.+!. Bntities have to
care,ully analyse 6hether they have master
nettin2 arran2ements or similar a2reements
in place. In particular1 trade receivales and
payales su-ect to some ,orm o, a nettin2
arran2ement %normally 6here an entity=s
customer is also a supplier1 and vice versa(
could ,all 6ithin the scope o, these disclosure
re8uirements. These I>&/ F amendments do
not include any mention o, early adoption
permission. 4evertheless1 Amendment to IA/
$!1 O,,settin2 >inancial Assets and >inancial
.iailities1 althou2h mandatory ,or annual
periods e2inin2 on or a,ter # Panuary !"#+1
permits its early application 6ith the
re8uirement o, includin2 the disclosures
included in the amendments to I>&/ F.I, an
entity adopt the amendments to the I>&/ F
Pa2e GF o, #!$
a( The 2ross amounts o, those
reco2nised ,inancial assets and
reco2nised ,inancial liailities
5
( The amounts that are set o,, in
accordance 6ith the criteria in
para2raph +! o, IA/ $! 6hen
determinin2 the net amounts
position
5
c( The net amounts presented in the
5
d( The amounts su-ect to an en,orceale
master nettin2 arran2ement or similar
a2reement that are not other6ise
included in . aove %,or each
instrument limited to the amount
included in c. aove(1 includin27
i( Amounts related to reco2nised
,inancial instruments that do not
meet some or all o, the o,,settin2
criteria in para2raph +! o, IA/ $!
And
5
ii( Amounts related to ,inancial
collateral %includin2 cash collateral(
5
e( The net amount a,ter deductin2 the
amounts in %d( ,rom the amounts in c.
aove
5
3es 4o 4)A Comments
&:83 IFRS <3()E
Does the entity disclose a description o, the
ri2hts o, setAo,, associated 6ith the entity=s
reco2nised ,inancial assets and reco2nised
,inancial liailities su-ect to en,orceale
master nettin2 arran2ements and similar
a2reements that are disclosed in accordance
6ith #$C%d( o, I>&/ F aove1 includin2 the
nature o, those ri2hts
5
3es 4o 4)A Comments
&8'3 IFRS <3()F
Does the entity crossAre,er the in,ormation
re8uired y #$@A#$B o, I>&/ F i, it is
disclosed in more than one note to the
5
E2tinguishing .inancial lia%ilities with e/uity instru0ents *IFRIC (8+
3es 4o 4)A Comments
Pa2e G0 o, #!$
&8(3 IFRIC (83((
Does the entity disclose a 2ain or loss
reco2nised in accordance 6ith para2raphs G
and #" o, I>&IC #G as a separate line item in
pro,it or loss or in the notes
I>&IC #G provides 2uidance ,or the
accountin2 6hen an entity rene2otiates terms
o, a liaility1 6ith the result that a detor
e9tin2uishes a ,inancial liaility ,ully or
partially y issuin2 e8uity instruments to the
creditor.
5
Inco0e ta2es
IA/ #!.F0I, the entity reco2nises e9chan2e di,,erences on de,erred ,orei2n ta9 liailities
or assets in the statement o, comprehensive income1 it may classi,y such di,,erences as
de,erred ta9 e9pense %income(1 i, that presentation is most use,ul to ,inancial statement
users.
3es 4o 4)A Comments
)(&3 I!S (&3<84 I!S (&3:'
a( The current ta9 e9pense %income( 5
( Any ad-ustments reco2nised in the
period ,or current ta9 o, prior periods
5
c( The de,erred ta9 e9pense %income(
relatin2 to the ori2ination and reversal
o, temporary di,,erences
5
d( the de,erred ta9 e9pense %income(
relatin2 to chan2es in ta9 rates or the
imposition o, ne6 ta9es
5
e( The ene,it arisin2 ,rom a previously
unreco2nised ta9 loss1 ta9 credit or
temporary di,,erence o, a prior period
that is used to reduce current ta9
e9pense
5
,( The ene,it ,rom a previously
unreco2nised ta9 loss1 ta9 credit or
temporary di,,erence o, a prior period
that is used to reduce de,erred ta9
e9pense
5
2( The de,erred ta9 e9pense arisin2 ,rom
the 6riteAdo6n1 or reversal o, a
previous 6riteAdo6n1 o, a de,erred ta9
asset
5
h( The ta9 e9pense %income( relatin2 to
those chan2es in accountin2 policies
and errors that are included in pro,it or
loss in accordance 6ith IA/ 0 ecause
they cannot e accounted ,or
retrospectively
5
3es 4o 4)A Comments
)()3 I!S (&3:(
,ollo6in2 in,ormation7
Pa2e GG o, #!$
a( The a22re2ate current and de,erred
ta9 relatin2 to items that are char2ed
or credited directly to e8uity %IA/
#!.*!A(
5
c( The relationship et6een ta9 e9pense
%income( and accountin2 pro,it or loss
in either or oth o, the ,ollo6in2 ,orms7
i( A numerical reconciliation et6een
ta9 e9pense %income( and the
product o, accountin2 pro,it
multiplied y the applicale ta9
rate%s(1 disclosin2 also the asis on
6hich the applicale ta9 rate%s( is
%are( computed or
5
ii( A numerical reconciliation et6een
the avera2e e,,ective ta9 rate and
the applicale ta9 rate1 disclosin2
also the asis on 6hich the
applicale ta9 rate is computed
5
d( The chan2es in the applicale ta9
rate%s( compared to the previous
accountin2 period
5
e( >or deductile temporary di,,erences1
unused ta9 losses and unused ta9
credits ,or 6hich no de,erred ta9 asset
is reco2nised in the statement o,
,inancial position7
i( The amount 5
ii( B9piry date1 i, any. 5
I!S (&3)8
,( The a22re2ate amount o, temporary
di,,erences associated 6ith
investments in susidiaries1 ranches
and associates and interests in -oint
ventures1 ,or 6hich de,erred ta9
liailities have not een reco2nised
5
2( >or each type o, temporary di,,erence
and ,or each type o, unused ta9 losses
and unused ta9 credits7
i( The amount o, the de,erred ta9
assets and liailities reco2nised in
the statement o, ,inancial position
,or each period presented
5
ii( The amount o, the de,erred ta9
income or e9pense reco2nised in
pro,it and loss i, this is not
apparent ,rom the chan2es in the
amounts reco2nised in the
5
h( >or discontinued operations1 the ta9
e9pense relatin2 to7
i( The 2ain or loss on discontinuance 5
Pa2e #"" o, #!$
ii( The pro,it or loss ,rom the
discontinuin2 operation ,or the
period1 to2ether 6ith the
correspondin2 amounts ,or each
prior period presented
5
i( The amount o, income ta9
conse8uences o, dividends to
shareholders o, the entity that 6ere
proposed or declared e,ore the
,inancial statements 6ere authorised
,or issue1 ut are not reco2nised as a
liaility in the ,inancial statements
5
3es 4o 4)A Comments
)(93 I!S (&3:<
Does the entity disclose the unreco2nised
de,erred ta9 liailities associated 6ith
investments in susidiaries1 ranches and
associates and interests in -oint ventures1 ,or
6hich de,erred ta9 liailities have not een
reco2nised1 6hen this disclosure does not
re8uire undue cost or e,,ort.
5
3es 4o 4)A Comments
)(;3 I!S (&3:&
I, %#( the utilisation o, the de,erred ta9 asset is
dependent on ,uture ta9ale pro,its in e9cess
o, the pro,its arisin2 ,rom the reversal o,
e9istin2 ta9ale temporary di,,erences and %!(
the entity has su,,ered a loss in either the
current or precedin2 period in the ta9
-urisdiction to 6hich the de,erred ta9 asset
relates1 does the entity disclose7
a( The amount o, a de,erred ta9 asset 5
( The nature o, the evidence supportin2
its reco2nition
5
3es 4o 4)A Comments
)(<3 I!S (&3:&!4 I!S (&39&!
In some -urisdictions1 income ta9es are
payale at a hi2her or lo6er rate i, part or all
o, the net pro,it or retained earnin2s is paid
out as a dividend to shareholders o, the
entity. In some other -urisdictions1 income
ta9es may e re,undale or payale i, part or
all o, the net pro,it or retained earnin2s is paid
out as a dividend to shareholders o, the
entity. In these circumstances1 does the entity
disclose7
Pa2e #"# o, #!$
I!S (&3:<!
a( The nature o, the potential income
ta9 conse8uences that 6ould result
,rom the payment o, dividends to its
shareholders1 includin2 the important
,eatures o, the income ta9 systems
and the ,acts that 6ill a,,ect the
amount o, the potential income ta9
conse8uences o, dividends
5
( The amounts o, the potential income
ta9 conse8uences practicaly
determinale
5
c( The amounts o, the potential income
ta9 conse8uences practicaly
determinale<hether there are any
potential income ta9 conse8uences
not practicaly determinale
5
3es 4o 4)A Comments
)(:3 I!S (&3:<B
It may sometimes not e practicale to
compute the total amount o, the potential
income ta9 conse8uences that 6ould result
,rom the payment o, dividends to
shareholders. Ho6ever1 in such
circumstances1 it may e possile to compute
some portions o, the total1 ,or e9ample7
a( I, in a consolidated 2roup1 a parent
and some o, its susidiaries %#( have
paid income ta9es at a hi2her rate on
undistriuted pro,its and %!( are a6are
o, the amount that 6ould e re,unded
on the payment o, ,uture dividends to
shareholders ,rom consolidated
retained earnin2s1 does the entity
disclose the re,undale amount
5
( I, applicale1 does the entity disclose
that there are additional potential
income ta9 conse8uences that are not
practicaly determinale
5
c( Do the parent=s separate ,inancial
statements1 i, any1 disclose the
potential income ta9 conse8uences
relatin2 to the parent=s retained
earnin2s
5
3es 4o 4)A Comments
)(83 I!S (&3::4 I!S )<3:;
Does the entity disclose any ta9Arelated
contin2ent liailities and contin2ent assets in
accordance 6ith IA/ $F.
IA/ #!.00 Contin2ent liailities and
contin2ent assets may arise1 ,or e9ample1
,rom unresolved disputes 6ith the ta9ation
authorities.
5
Research and develop0ent
Pa2e #"! o, #!$
3es 4o 4)A Comments
)&)3 I!S ):3(&;
Does the entity disclose the a22re2ate
amount o, research and development
e9penditure reco2nised as an e9pense durin2
the reportin2 period.
5
Inventories
3es 4o 4)A Comments
)&93 I!S &3);
a( the accountin2 policies ,or measurin2
inventories1 includin2 the cost ,ormula
usedI
5
( the total carryin2 amount o, inventories
and the carryin2 amount in
classi,ications appropriate to the entityI
IA/ !.$F Common classi,ications o,
inventories are merchandise1
production supplies1 materials1 6ork in
pro2ress and ,inished 2oods. A service
provider may descrie inventories as
6ork in pro2ress.
5
c( the carryin2 amount o, inventories
carried at ,air value less costs to sellI
5
d( the amount o, inventories reco2nised
as an e9pense durin2 the periodI
5
e( the amount o, any 6riteAdo6n o,
inventories reco2nised as an e9pense
in the periodI
5
,( the amount o, any reversal o, any 6riteA
do6n that is reco2nised as a reduction
in the amount o, inventories
reco2nised as e9pense in the periodI
5
2( the circumstances or events that led to
the reversal o, a 6riteAdo6n o,
inventories
5
h( the carryin2 amount o, inventories
pled2ed as security ,or liailities.
5
Invest0ent property
IA/ +".F+The disclosures set out in this section apply in addition to those in IA/ #F.
Cnder IA/ #F1 an o6ner o, an investment property provides lessor's disclosures aout
leases into 6hich it has entered. Cnder IA/ #F1 an entity that holds an investment
property under a ,inance or an operatin2 lease provides lessee's disclosures ,or ,inance
leases and lessor's disclosures ,or any operatin2 leases into 6hich it has entered.
Fair value 0odel and cost 0odel
3es 4o 4)A Comments
)&;3 I!S 7'3<9
a( 6hether it applies the ,air value model
or the cost modelI
5
Pa2e #"$ o, #!$
( i, it applies the ,air value model1
6hether1 and in 6hat circumstances1
property interests held under operatin2
leases are classi,ied and accounted
,or as investment propertyI
5
I!S 7'3(7
c( i, classi,ication is di,,icult1 the
criteria the entity uses to distin2uish
investment property ,rom o6nerA
occupied property and ,rom property
held ,or sale in the ordinary course o,
usinessI
5
IFRS ()39,<
d( the ,air value measurement
5
e( the e9tent to 6hich the ,air value o,
investment property %as measured or
disclosed in the ,inancial statements(
is ased on a valuation y an
independent valuer 6ho holds a
reco2nised and relevant pro,essional
8uali,ication and 6ho has recent
e9perience in the location and
cate2ory o, the investment property
ein2 valuedI
5
,( i, there is no valuation y an
independent valuer as descried in %,(1
that ,actI
5
2( the amounts included in the pro,it or
loss ,or7
i( rental income ,rom investment
propertyI
5
ii( direct operatin2 e9penses
%includin2 repairs and
maintenance( arisin2 ,rom
investment property that 2enerated
rental income durin2 the periodI
5
iii( direct operatin2 e9penses
%includin2 repairs and
maintenance( arisin2 ,rom
investment property that do not
2enerate rental income durin2 the
period
5
I!S 7'3)&C
iv( the cumulative chan2e in ,air
value reco2nised in pro,it or loss
on a sale o, investment property
,rom a pool o, assets in 6hich the
cost model is used into a pool in
6hich the ,air value model is usedI
5
h( the e9istence and amounts o,
restrictions on the realisaility o,
investment property or the remittance
o, income and proceeds o, disposal
5
Pa2e #"+ o, #!$
i( the contractual oli2ations to purchase1
construct or develop investment
property or ,or repairs1 maintenance or
enhancements.
5
Fair value 0odel
3es 4o 4)A Comments
)&<3 I!S 7'3<;
I, the entity applies the ,air value model1 does
it also reconcile the carryin2 amount o,
investment property at the e2innin2 and end
o, the reportin2 period sho6in2 the ,ollo6in27
a( additions1 disclosin2 separately those
additions resultin2 ,rom ac8uisitions
and those resultin2 ,rom suse8uent
e9penditure reco2nised in the carryin2
amount o, an assetI
5
( additions resultin2 ,rom ac8uisitions
throu2h usiness cominationsI
5
IFRS 93;
c( assets classi,ied as held ,or sale or
included in a disposal 2roup classi,ied
as held ,or sale in accordance 6ith
I>&/ ? and other disposalsI
5
d( net 2ains or losses ,rom ,air value
ad-ustmentsI
5
e( the net e9chan2e di,,erences arisin2
on the translation o, the ,inancial
statements into a di,,erent
presentation currency and on the
translation o, a ,orei2n operation into
the presentation currency o, the
reportin2 entityI
5
,( trans,ers to and ,rom inventories and
o6nerAoccupied property
5
2( other chan2es. 5
3es 4o 4)A Comments
)&:3 I!S 7'3<<
I, the entity ad-usts a valuation ,or an
investment property si2ni,icantly ,or the
,inancial statements1 does the entity reconcile
et6een the valuation otained and the
ad-usted valuation included in the ,inancial
statements1 sho6in2 separately7
a( the a22re2ate amount o, any
unreco2nised lease oli2ations that
have een added ack
5
( any other si2ni,icant ad-ustments. 5
3es 4o 4)A Comments
Pa2e #"? o, #!$
)&83 I!S 7'3<:
In the e9ceptional cases in 6hich the entity=s
policy is to account ,or investment properties
at ,air value1 ut ecause o, the lack o, a
reliale ,air value1 it measures investment
property at cost less any accumulated
depreciation and any accumulated
impairment losses1 does the entity disclose7
a( a reconciliation : relatin2 to that
investment property separately : o,
the carryin2 amount at the e2innin2
and end o, the periodI
5
( a description o, the investment
propertyI
5
c( An e9planation o, 6hy ,air value cannot
e measured relialy
5
d( i, possile1 the ran2e o, estimates
6ithin 6hich ,air value is hi2hly likely to
lie
5
e( on disposal o, investment property not
carried at ,air value7
i( the ,act that the entity has disposed
o, investment property not carried
at ,air valueI
5
ii( the carryin2 amount o, that
investment property at the time o,
sale
5
iii( the amount o, 2ain or loss
reco2nised.
5
6ease disclosures %y lessees
$perating leases
3es 4o 4)A Comments
))&3 I!S (<3)9
in,ormation ,or operatin2 leases %in 6hich it is
the lessee(7
IA/ #F.$? The presentation
re8uirements under IA/ $! and disclosure
re8uirements o, I>&/ F also apply to
operatin2 leases.
a( The ,uture minimum lease payments
under nonAcancellale operatin2
leases ,or each o, the ,ollo6in2
periods7
i( not later than one yearI 5
ii( later than one year and not later
than ,ive yearsI
5
iii( later than ,ive yearsI 5
( The ,uture minimum sulease
payments e9pected to e received
under nonAcancellale suleases at
the end o, the reportin2 period
5
Pa2e #"* o, #!$
c( The lease and sulease payments
reco2nised as an e9pense in the
period1 6ith separate amounts ,or7
i( minimum lease paymentsI 5
ii( contin2ent rents 5
iii( sulease paymentsI 5
d( The lessee=s material leasin2
arran2ements includin21 ut not limited
to1 the ,ollo6in27
i( the asis on 6hich contin2ent rent
payale is determinedI
5
ii( the e9istence and terms o, rene6al
or purchase options and escalation
clauses
5
iii( restrictions imposed y lease
arran2ements1 such as those
concernin2 dividends1 additional
det and ,urther leasin2.
5
Sale and lease%ack transactions
3es 4o 4)A Comments
)))3 I!S (<3;9
Does the description o, material leasin2
arran2ements include the uni8ue or unusual
provisions o, the a2reement or terms o, the
sale and leaseack transactions.
IA/ #F.**1 IA/ #.$!1 IA/ #.$$1 IA/
#.G0Disclosure re8uirements ,or lesses and
lessors apply e8ually to sale and leaseack
transactions. /ale and leaseack
transactions may also tri22er the separate
disclosure criteria in IA/ #1 6hich re8uire that
an entity does not o,,set income and
e9pense1 unless re8uired or permitted y an
I>&/1 and that the entity disclose material
items o, income or e9pense.
5
Evaluating the su%stance o. transactions involving the legal .or0 o.
a lease
3es 4o 4)A Comments
))73 SIC &<3('4 SIC &<3((4 I!S (<3&
I, the entity has arran2ements that are leases
in ,orm ut not in sustance1 does the entity
disclose1 separately ,or each arran2ement or
each class o, arran2ements1 the ,ollo6in2
in,ormation7
a( A description o, the arran2ement
includin27
i( the underlyin2 asset and any
restrictions on its useI
5
ii( the li,e and other si2ni,icant terms
o, the arran2ement
5
iii( the transactions that are linked
to2ether1 includin2 any optionsI
5
Pa2e #"F o, #!$
( The accountin2 treatment applied to
any ,ee received
5
c( The amount o, ,ees reco2nised as
income in the period
5
d( The line item o, the statement o,
comprehensive income in 6hich the
,ee income is included
Deter0ining whether an arrange0ent contains a lease *IFRIC 7+
3es 4o 4)A Comments
))93 I!S (3((<
,or determinin2 6hether an arran2ement
contains a lease.
I>&IC +.#!1 I>&IC +.#$I>&IC + provides
2uidance ,or determinin2 6hether an
arran2ement that does not take the le2al ,orm
o, a lease ut conveys a ri2ht to use an asset
is1 or contains1 a lease that is accounted ,or
under IA/ #F. Cnder IA/ #F1 the entity
separates lease payments ,rom other
consideration re8uired y the arran2ement. In
some cases1 it is impracticale to separate
the payments ,or the lease ,rom payments ,or
other elements in the arran2ement relialy.
5
3es 4o 4)A Comments
));3 IFRIC 73(94 I!S (<3)9
I, in an operatin2 lease the entity is a
purchaser and concludes that it is
impracticale to relialy separate the
payments ,or the lease ,rom payments ,or
other elements in the arran2ement1 does the
entity7
a( Treat all payments under the
arran2ement as lease payments to
comply 6ith the disclosure
re8uirements o, IA/ #F1 ut7
i( Disclose those payments separately
,rom minimum lease payments o,
other arran2ements that do not
include payments ,or nonAlease
elements
5
ii( /tate that the disclosed payments
also include payments ,or nonA
lease elements in the arran2ement
5
Pa2e #"0 o, #!$
5on,current assets held .or sale and discontinued
operations
I>&/ ?.$# A 'component' o, an entity comprises operations and cash ,lo6s that can e
clearly distin2uished1 operationally and ,or ,inancial reportin21 ,rom the rest o, the entity.
In other 6ords1 a component o, an entity 6as a cashA2eneratin2 unit or a 2roup o, cashA
2eneratin2 units 6hile ein2 held ,or use.I>&/ ?.$!A 'discontinued operation' is a
component o, an entity that either has een disposed o,1 or is classi,ied as held ,or sale1
anda( represents a separate ma-or line o, usiness or 2eo2raphical area o,
operationsI( is part o, a sin2le coordinated plan to dispose o, a separate ma-or line o,
usiness or 2eo2raphical area o, operationsI orc( is a susidiary ac8uired e9clusively
6ith a vie6 to resale.I>&/ ?.$*AI, an entity commits to a sale plan involvin2 a loss o,
control o, a susidiary and the susidiary is a disposal 2roup that meets the de,inition o,
discontinued operation under I>&/ ?.$!1 it discloses items $$FA$$G ,or this susidiary.
3es 4o 4)A Comments
)7'3 IFRS 937(
In a period in 6hich a nonAcurrent asset %or
disposal 2roup( is either classi,ied as held ,or
sale or sold1 does the entity disclose7
a( A description o, the nonAcurrent asset
%or disposal 2roup(
5
( The ,acts and circumstances o, the
sale1 or leadin2 to the e9pected
disposal1 and the e9pected manner
and timin2 o, that disposal
5
IFRS 93&'4 IFRS 93&(4 IFRS 93&&
c( The 2ain or loss reco2nised in
accordance 6ith I>&/ ?.!"A!! and1 i,
not separately presented in the
the caption in the statement o,
comprehensive income that includes
that 2ain or loss
5
IFRS :3&(
d( The reportale se2ment in 6hich
the nonAcurrent asset %or disposal
2roup( is presented under I>&/ 01 i,
applicale
5
3es 4o 4)A Comments
)7(3 IFRS 93&;4 IFRS 93&84 IFRS 937&
I, the entity ceases to classi,y the asset %or
disposal 2roup( as held ,or sale1 does the
entity disclose the ,ollo6in2 in,ormation in the
period o, the decision to chan2e the plan to
sell the nonAcurrent asset %or disposal 2roup(7
a( The ,acts and circumstances leadin2
to the decision
5
( The e,,ect o, the decision on the
results o, operations ,or the period and
any prior periods presented
5
"roperty4 plant and e/uip0ent
eneral
3es 4o 4)A Comments
Pa2e #"G o, #!$
)983 I!S (;37&4 I!S (&3;9
Does the entity disclose the e,,ects o, ta9es
on income1 i, any1 resultin2 ,rom the
revaluation o, property1 plant and e8uipment
in accordance 6ith IA/ #!.
5
3es 4o 4)A Comments
);'3 I!S (;3<)
>or each class o, property1 plant and
e8uipment1 does the entity disclose7
a( the measurement ases used ,or
determinin2 the 2ross carryin2
amountI
5
I!S (;3<9
( the depreciation methods usedI
5
I!S (;3<9
c( the use,ul lives or the depreciation
rates usedI
5
d( the 2ross carryin2 amount and the
accumulated depreciation %a22re2ated
6ith accumulated impairment losses(
at the e2innin2 and end o, the period
5
e( a reconciliation o, the carryin2 amount
at the e2innin2 and end o, the period
sho6in27
IA/ #*.F0An entity discloses
in,ormation on impaired property1 plant
and e8uipment under IA/ $* in
addition to the in,ormation re8uired y
IA/ #*.F$%e( %iv(A%vi(.
i( additionsI 5
IFRS 93;
ii( assets classi,ied as held ,or sale
or included in a disposal 2roup
classi,ied as Qheld ,or sale= in
accordance 6ith I>&/ ? and other
disposalsI
5
iii( ac8uisitions throu2h usiness
cominationsI
5
I!S (;3)(
iv( Increases or decreases durin2
the reportin2 period resultin2 ,rom
revaluations and
5
I!S (;3)8
v( impairment losses reco2nised
or reversed in other
comprehensive income under
IA/ $*
5
vi( impairment losses reversed in
pro,it or loss durin2 the period
under IA/ $*I
5
I!S (;3<9
vii( depreciation %6hether
reco2nised in pro,it or loss or as a
part o, the cost o, other assets(I
5
Pa2e ##" o, #!$
viii( the net e9chan2e di,,erences
arisin2 on the translation o, the
,inancial statements ,rom the
,unctional currency into a di,,erent
presentation currency1 includin2
the translation o, a ,orei2n
operation into the presentation
currency o, the reportin2 entity
5
i9( other chan2es. 5
3es 4o 4)A Comments
);(3 I!S (;3<7
a( the e9istence and amounts o,
restrictions on title1 and property1 plant
and e8uipment pled2ed as security ,or
liailitiesI
5
( the amount o, e9penditures reco2nised
in the carryin2 amount o, an item o,
property1 plant and e8uipment durin2
its constructionI
5
c( the amount o, contractual
commitments ,or the ac8uisition o,
property1 plant and e8uipment
5
d( i, it is not disclosed separately in the
the amount o, compensation ,rom third
parties ,or items o, property1 plant and
e8uipment that 6ere impaired1 lost or
2iven up that is included in pro,it or
loss.
5
3es 4o 4)A Comments
);&3 I!S (;3<<
I, items o, property1 plant and e8uipment are
stated at revalued amounts under the
revaluation model1 does the entity disclose
the ,ollo6in2 in,ormation7
a( the e,,ective date o, the revaluationI 5
( 6hether an independent valuer 6as
involvedI
5
c( the ,air value measurement
5
d( ,or each revalued class o, property1
plant and e8uipment1 the carryin2
amount that 6ould have een
reco2nised had the assets een
carried under the cost model
5
e( the revaluation surplus1 indicatin2 the
chan2e ,or the period and any
restrictions on the distriution o, the
alance to shareholders
5
3es 4o 4)A Comments
);)3 I!S (;3<8
Pa2e ### o, #!$
a( The carryin2 amount o, temporarily
idle property1 plant and e8uipment
5
( The 2ross carryin2 amount o, any ,ully
depreciated property1 plant and
e8uipment that is still in use
5
I!S (;3<8
c( The carryin2 amount o, property1
plant and e8uipment retired ,rom
active use and held ,or disposal
5
d( <hen the cost model is used1 the ,air
value o, property1 plant and
e8uipment1 i, this is materially di,,erent
,rom the carryin2 amount
IA/ #*.0 Items such as spare parts1
standAy e8uipment and servicin2
e8uipment are reco2nised in
accordance 6ith this I>&/ 6hen they
meet the de,inition o, property1 plant
and e8uipment. Other6ise1 such items
are classi,ied as inventory.
5
Related parties
IA/ !+.!1 IA/ !+.$1 IA/ !+.+The disclosure re8uirements o, IA/ !+ ,or related party
transactions and outstandin2 alances1 includin2 commitments1 apply ,or consolidated
and separate ,inancial statements o, a parent1 venturer or investor presented under IA/
!F %or I>&/ #"1 i, applied early(. The standard also applies to individual ,inancial
statements.IA/ !+.!!1 IA/ !+.!+An entity discloses related party transactions and
outstandin2 alances 6ith other entities in a 2roup in the entity=s separate ,inancial
statements. IntraA2roup related party transactions and outstandin2 alances are
eliminated in the preparation o, consolidated ,inancial statements o, the 2roup.An entity
may disclose items o, a similar nature in a22re2ate e9cept 6hen separate disclosure is
necessary ,or an understandin2 o, the e,,ects o, related party transactions on the
,inancial statements o, the entity.
3es 4o 4)A Comments
)<;3 I!S &73(&4 I!S &73()4 I!S &73(74 I!S
&73(9
Does the entity disclose relationships
et6een parents and susidiaries1
irrespective o, 6hether there are transactions
et6een them
The re8uirement to disclose related party
relationships et6een a parent and its
susidiaries is in addition to the disclosure
re8uirements in IA/ !F1 IA/ !0 and IA/ $#
5
3es 4o 4)A Comments
)<<3 I!S &73(&4 I!S &73()
a( The name o, the entity=s parent 5
( I, di,,erent1 the ultimate controllin2
partyOr
5
Pa2e ##! o, #!$
c( i, neither the entity=s parent nor the
ultimate controllin2 party produces
,inancial statements availale ,or
pulic use1 the name o, the ne9t most
senior parent that does so
5
3es 4o 4)A Comments
)<:3 I!S &73(;4 I!S &73(<
Does the entity disclose key mana2ement
personnel compensation in total and ,or each
o, the ,ollo6in2 cate2ories7
a( /hortAterm employee ene,its 5
( PostAemployment ene,its 5
c( Other lon2Aterm ene,its 5
d( Termination ene,its 5
e( /hareAased payments 5
3es 4o 4)A Comments
)<83 I!S &73(<4 I!S &73(:
I, there are related party transactions durin2
the reportin2 period 6ith related parties1 does
the entity disclose the ,ollo6in2 in,ormation7
a( The nature o, the related party
relationship
5
( In,ormation aout the transactions and
outstandin2 alances includin2
commitments necessary ,or an
understandin2 o, the potential e,,ect o,
the relationship on the ,inancial
statements1 includin2 the ,ollo6in2
disclosures7
i( The amount o, the transactions 5
ii( The amount o, outstandin2
alances1 includin2 commitments
5
#( Their terms and conditions1
includin2 6hether they are
secured and the nature o, the
consideration to e provided in
settlement and
5
!( Details o, any 2uarantees 2iven
or received
5
iii( Provisions ,or dout,ul dets
related to the amount o,
outstandin2 alances and
5
iv( The e9pense reco2nised durin2
the reportin2 period ,or ad or
dout,ul dets due ,rom related
parties
5
3es 4o 4)A Comments
):'3 I!S &73(:4 I!S &73(8
Does the entity disclose the in,ormation
re8uired y IA/ !+.#0 aove separately ,or
each o, the ,ollo6in2 cate2ories7
a( The parent 5
Pa2e ##$ o, #!$
( Bntities 6ith -oint control or si2ni,icant
in,luence over the entity
5
c( /usidiaries 5
d( Associates 5
e( Point ventures in 6hich the entity is a
venturer
5
,( Sey mana2ement personnel o, the
entity or its parent
5
2( Other related parties 5
3es 4o 4)A Comments
):(3 I!S &73&'4 I!S &73&(
Does the entity disclose1 ,or e9ample1 the
,ollo6in2 transactions i, they are 6ith a
related party7
a( Purchases or sales o, 2oods %,inished
or un,inished(
5
( Purchases or sales o, property and
other assets
5
c( &enderin2 or receivin2 o, services 5
d( .eases 5
e( Trans,er o, research and development 5
,( Trans,er under licence a2reements 5
2( Trans,ers under ,inance arran2ements
%includin2 loans and e8uity
contriutions in cash or in kind(
5
h( Provision o, 2uarantees or collateral 5
I!S &73&(*i+
i( Commitments to do somethin2 i, a
particular event occurs or does not
occur in the ,uture1 includin2 e9ecutory
contracts %reco2nised and
unreco2nised(
5
-( /ettlement o, liailities on ehal, o, the
entity or y the entity on ehal, o, that
related party
5
3es 4o 4)A Comments
):&3 I!S &73&(4 I!S &73&)
I, the entity discloses that related party
transactions are on terms e8uivalent to arm=s
len2th transactions1 are such terms
sustantiated.
5
3es 4o 4)A Comments
):)3 I!S &73&;
Does the entity disclose the ,ollo6in2 aout
transactions and outstandin2 alances1
includin2 commitments7
a( The name o, the 2overnment and the
nature o, its relationship 6ith the
reportin2 entity %i.e.1 control1 -oint
control or si2ni,icant in,luence(
5
Pa2e ##+ o, #!$
( The ,ollo6in2 in,ormation in su,,icient
detail to enale users o, the entity's
,inancial statements to understand the
e,,ect o, related party transactions on
its ,inancial statements7
i( The nature and amount o, each
individually si2ni,icant transaction
5
ii( >or other transactions1 6hich are
collectively1 ut not individually
si2ni,icant1 a 8ualitative or
8uantitative indication o, their
e9tent
IA/ !+.!FIn usin2 its -ud2ement to
determine the level o, detail to e
disclosed in accordance 6ith the
re8uirements in IA/ !+.!*%(
aove1 the reportin2 entity
considers the closeness o, the
related party relationship and other
,actors relevant in estalishin2 the
level o, si2ni,icance o, the
transaction such as 6hether it
is7/i2ni,icant in terms o,
sizeCarried out on nonAmarket
termsOutside normal dayAtoAday
usiness operations1 such as the
purchase and sale o,
usinessesDisclosed to re2ulatory
or supervisory authorities&eported
to senior mana2ement/u-ect to
shareholder approval
5
Revenue
eneral
3es 4o 4)A Comments
):73 I!S (:3)9
a( the accountin2 policies ,or reco2nisin2
revenueI
5
( the methods adopted to determine the
sta2e o, completion o, transactions
involvin2 the renderin2 o, servicesI
c( the amount o, each si2ni,icant cate2ory
o, revenue reco2nised durin2 the
period includin2 revenue arisin2 ,rom7
i( the sale o, 2oodsI 5
ii( the renderin2 o, servicesI 5
iii( interestI 5
iv( royaltiesI 5
v( dividends 5
d( the amount o, revenue arisin2 ,rom
e9chan2es o, 2oods or services
included in each si2ni,icant cate2ory o,
revenue.
5
Pa2e ##? o, #!$
3es 4o 4)A Comments
):93 I!S (:3);
Does the entity disclose any contin2ent
liailities and contin2ent assets that may
arise ,rom items such as 6arranty costs1
claims1 penalties or possile losses in
accordance 6ith IA/ $F.
5
Service concession arrange0ents *IFRIC (&+
3es 4o 4)A Comments
):;3 SIC &83;4 SIC &83<
The entity %as an Operator( may enter into an
arran2ement 6ith another entity %the Grantor(
to provide services that 2ive the pulic
access to ma-or economic and social
,acilities. The entity considers all aspects o, a
service concession arran2ement in
determinin2 the appropriate disclosures in the
notes to the ,inancial statements. I, the entity
is an Operator or a Provider1 does the entity
disclose the ,ollo6in2 ,or each service
concession arran2ement or each class o,
service concession arran2ements7
a( a description o, the arran2ementI 5
( si2ni,icant terms o, the arran2ement
that may a,,ect the amount1 timin2 and
certainty o, ,uture cash ,lo6s such as
the period o, the concession1 reApricin2
dates and the asis upon 6hich reA
pricin2 or reAne2otiation is determinedI
5
c( the nature and e9tent %,or e9ample1
8uantity1 period1 or amount( o, the
,ollo6in27
i( ri2hts to use speci,ied assetsI 5
ii( oli2ations to provide or ri2hts to
e9pect provision o, servicesI
5
iii( oli2ations to ac8uire or uild items
o, property1 plant and e8uipmentI
5
iv( oli2ations to deliver or ri2hts to
receive speci,ied assets at the end
o, the concession periodI
5
v( rene6al and termination options 5
vi( other ri2hts and oli2ationsI 5
d( chan2es in the arran2ement occurrin2
durin2 the reportin2 periodI
5
e( ho6 the service arran2ement is
classi,ied
5
,( the revenue and pro,its or losses
reco2nised in the reportin2 period on
e9chan2in2 construction services ,or a
,inancial asset or an intan2ile asset.
5
6E!SE DISC6$SCRES BY 6ESS$RS
Pa2e ##* o, #!$
$perating leases
IA/ #F.?F The re8uirements on disclosure under the ,ollo6in2 I>&/ also apply ,or
assets under operatin2 leases7a( IA/ #* A LProperty1 Plant and B8uipmentLI( IA/ $* A
LImpairment o, AssetsLIc( IA/ $0 A LIntan2ile AssetsLId( IA/ +" A LInvestment
PropertyLe( IA/ +# A LA2ricultureL
3es 4o 4)A Comments
7&73 I!S (<378
Does the entity present assets su-ect to
operatin2 leases in the statement o, ,inancial
position accordin2 to the nature o, the asset.
5
3es 4o 4)A Comments
7&93 I!S (<39;
in,ormation ,or operatin2 leases7
a( The ,uture minimum lease payments
under nonAcancellale operatin2
leases in the a22re2ate and ,or each
o, the ,ollo6in2 periods7
i( 4ot later than one year 5
ii( .ater than one year and not later
than ,ive years
5
iii( .ater than ,ive years 5
( Total contin2ent rents reco2nised as
5
c( A 2eneral description o, the lessor=s
leasin2 arran2ements
5
Sale and lease%ack transactions
3es 4o 4)A Comments
7&;3 I!S (<3;9
Does the disclosure o, material leasin2
arran2ements include the uni8ue or unusual
provisions o, the a2reement or terms o, the
sale and leaseack transactions
IA/ #F.**The disclosure re8uirements ,or
lessees and lessors apply e8ually to sale and
leaseack transactions. /ale and leaseack
transactions may tri22er the separate
disclosure criteria in IA/ #1 6hich re8uires
that the entity does not o,,set income and
e9pense1 unless re8uired or permitted y an
I>&/1 and that the entity disclose material
items o, income or e9pense.
5
Evaluating the su%stance o. transactions involving
the legal .or0 o. a lease
3es 4o 4)A Comments
Pa2e ##F o, #!$
7&<3 SIC &<3('4 SIC &<3((4 I!S (<3&
I, the entity enters into arran2ements that are
leases in ,orm ut not in sustance1 does the
entity disclose the ,ollo6in2 in,ormation in
each reportin2 period that an arran2ement
e9ists1 separately ,or each arran2ement or
each class o, arran2ements7
a( A description o, the arran2ement
includin27
i( The underlyin2 asset and any
restrictions on its use
5
ii( The li,e and other si2ni,icant terms
o, the arran2ement
5
iii( The transactions that are linked
to2ether1 includin2 any options
5
( The accountin2 treatment applied to
any ,ee received
5
c( The amount o, ,ees reco2nised as
5
d( The line item o, the statement o,
comprehensive income in 6hich the
,ee income is included
5
Deter0ining whether an arrange0ent contains a
lease *IFRIC 7+
3es 4o 4)A Comments
7&:3 I!S (3((<
,or determinin2 6hether an arran2ement
contains a lease.
I>&IC +.#!1 I>&IC +.#$ I>&IC + provides
2uidance ,or determinin2 6hether an
arran2ement that does not take the le2al ,orm
o, a lease1 ut conveys a ri2ht to use an
asset is1 or contains1 a lease that is
accounted ,or in accordance 6ith IA/ #F. In
applyin2 IA/ #F1 the entity separates
payments ,rom other consideration re8uired
y the arran2ement. In some cases1 it 6ill e
impracticale to separate the payments ,or
the lease ,rom payments ,or other elements
in the arran2ement relialy.
5
!doption o. IFRS 8 Financial Instru0ents *issued
in &'('+4 disclosures .or .inancial instru0ents4
IFRS 8 *&'('+ and I!S )&
$ther disclosures
Fair value
3es 4o 4)A Comments
Pa2e ##0 o, #!$
78<3 IFRS <3&94 IFRS <3&8
Does the entity disclose ,or each class o,
,inancial assets and ,inancial liailities the ,air
value o, that class o, assets and liailities in a
6ay that permits it to e compared 6ith its
carryin2 amount %e9cept ,or those noted in
I>&/ F.!G(.
I>&/ G @?.+.#+ and @?.+.#?In limited
circumstances1 cost may e an appro9imate
estimate o, ,air value ,or some investments in
e8uity instruments. 4o ,air value disclosures
are re8uired ,or these investments unless
indicators included in I>&/ G @?.+.#? indicate
that cost mi2ht not e representative o, ,air
valueI>&/ F.!G1 I>&/ +.App AThe entity is
not re8uired to disclose ,air value7a. I, the
carryin2 amount is a reasonale
appro9imation o, ,air value1 ,or e9ample1 ,or
,inancial instruments such as shortAterm trade
receivales and payalesOr. >or a contract
containin2 a discretionary participation
,eature1 i, the ,air values o, that ,eature
5
3es 4o 4)A Comments
78:3 IFRS <3&;
In disclosin2 ,air values1 does the entity 2roup
,inancial assets and ,inancial liailities into
classes1 ut o,,set them only to the e9tent
that their carryin2 amounts are o,,set in the
statement o, ,inancial position.
5
Pa2e ##G o, #!$
!ppendi2 !
"reli0inary Deter0inations
3es 4o 4)A Comments
Is the checklist
applied to an
interim ,inancial
report %as
opposed to
annual ,inancial
statements(T
4o

Is the entity only
presentin2 a
condensed1 not a
complete1 set o,
,inancial
statementsT
4o

Scoping FBRG
3es 4o 4)A Comments
(3 Is the entity presenting .inancial
state0ents that report the position o.:
#.# Only a sin2le entityT O& 5
#.! Only a 2roup entityT O& 5
#.$ @oth1 a sin2le entity and a 2roupT 5
#.+ A retirement ene,it planT 5
3es 4o 4)A Comments
&3 Business co0%inations:
!.# Does the entity have usiness
cominations in the current
reportin2 periodT
5
!.! Does the entity have usiness
cominations in the previous
reportin2 periodT
5
!.$ Does the entity have usiness
cominations a,ter the reportin2
periodT
5
3es 4o 4)A Comments
)3 Did the entity dispose o. any
%usinesses or su%sidiaries:
$.# in the current reportin2 periodT 5
$.! in the previous reportin2 periodT 5
3es 4o 4)A Comments
73 Does the entity have any %usiness
transactions *i3e34 was 5$- dor0ant or
inactive+ in either the current or
previous reporting periodH
5
Pa2e #!" o, #!$
3es 4o 4)A Comments
93 Does the entity at any ti0e in the
current or previous reporting period:
*tick all appropriate responses+
?.# Cndertakin2 insurance contractsT 5
?.! Cndertake e9ploration and
evaluation o, mineral resourcesT
5
?.$ Cndertakin2 construction contractsT 5
?.+ Cndertakin2 a2ricultural activitiesT 5
?.? Cndertake related party
transactionsT
5
?.* Have items 6hich should e
disclosed under I>&/ #$
5
3es 4o 4)A Comments
;3 Does the entity have at any ti0e in the
current or previous .inancial reporting
period: *tick all appropriate responses+
*.# Property1 plant and e8uipmentT 5
*.! Intan2ile assetsT 5
*.$ Government 2rants or assistanceT 5
*.+ Investment in associatesT 5
*.? Point arran2ementsT 5
*.* Investments in propertiesT 5
;3;3( Ahich 0odel is used to
value the invest0ent
propertiesH
*.*.#.# Cost model 5
*.*.#.! >air value model 5
*.F >inancial assets or ,inancial
liailitiesT
5
*.0 .eases1 or assets ac8uired under
lease contractsT
5
;3:3( Ahat type o. lease
arrange0ent e2istsH
*.0.#.# Operatin2 lease 5
;3:3(3(3( Is the entity
lessee or
lessorH
*.0.#.#.#.# .essee 5
*.0.#.#.#.! .essor 5
*.0.#.! >inance lease 5
*.G @orro6in2 costsT 5
*.#" 4onAcurrent assets or disposal
2roups classi,ied as held ,or
saleT
5
*.## InventoriesT 5
*.#! B8uity 5
*.#$ /hareAased payment
arran2ementsT
5
Pa2e #!# o, #!$
*.#+ Provisions1 contin2ent liailities or
contin2ent assets at the reportin2
dateT
5
3es 4o 4)A Comments
<3 Does the entity have at any ti0e in the
current or previous .inancial reporting
period: *tick all appropriate responses+
F.# Income ta9es %includin2 de,erred
ta9 assets and liailities(T
5
F.! &evenueT 5
F.$ Discontinued operations %includin2
those o, associates(T
5
F.+ Bmployee ene,itsT 5
F.+.# <hat types o, ene,its are
providedT
5
F.+.#.# ;ultiAemployer plans 5
F.+.#.! De,ined contriution
plans
5
F.+.#.$ De,ined ene,it plans 5
F.+.#.+ Termination ene,its 5
3es 4o 4)A Comments
:3 Is the entity adopting IFRS .or the .irst
ti0eH
5
3es 4o 4)A Comments
83 !re there any changes in accounting
policies or accounting esti0atesH
Does the entity use key esti0ation o.
assu0ptionsH
5
3es 4o 4)A Comments
('3 !re there any .oreign operations4
.oreign currency transactions4 or4
does the .unctional and presentation
currency di..erH
5
3es 4o 4)A Comments
((3 ?ave any 0aterial prior period errors
%een discovered in the current
.inancial periodH
5
3es 4o 4)A Comments
(&3 Does the entity or an entity included
in the consolidated group4 report in
the currency o. a hyperin.lationary
econo0yH
5
3es 4o 4)A Comments
()3 ?ave any assets %een i0paired4 or
any previously recognised
i0pair0ent loss %een reversedH
5
3es 4o 4)A Comments
(73 $perating Seg0ents & Earnings per
Share
Pa2e #!! o, #!$
#+.# Have det or e8uity securities
%ordinary shares or potential
ordinary shares( o, the entity
een traded in a pulic market %a
domestic or ,orei2n stock
e9chan2e or an overAtheAcounter
market1 includin2 local and
re2ional markets(TI O&
5
#+.! Does the entity ,ile %or are they in
the process o, ,ilin2( ,inancial
statements 6ith a securities
commission or other re2ulatory
or2anisation ,or issuin2 any class
o, instruments in a pulic marketT
O&
5
#+.$ Does the entity voluntarily disclose
se2ment in,ormation in
accordance 6ith I>&/ 0T
5
#+.+ Does the entity voluntarily disclose
earnin2s per share in,ormationT
5
3es 4o 4)A Comments
(93 ?ave there %een any events a.ter the
end o. the reporting period %e.ore the
.inancial state0ents are authorised
.or issueH
5
3es 4o 4)A Comments
(;3 Does the entity disclose a
0anage0ent reportH
5
3es 4o 4)A Comments
(<3 Does the entity disclose an interi0
reportH
5
3es 4o 4)A Comments
(:3 Did the entity adopt any o. the
.ollowing pronounce0ents this
reporting period:
5
Pa2e #!$ o, #!$

Checklist 1

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Checklist 1

Uploaded by

Copyright:

Available Formats

International GAAP Disclosure Checklist October 2013

Created By: Entity: Checklist:

You might also like