IFRS Disclosure Checklist 2016

IFRS disclosure
checklist
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Introduction
IFRS disclosure checklist 2016
The IFRS disclosure checklist has been updated to outline the disclosures required for December 2016 year
ends. It also contains a section (Section C) which provides the disclosures required of entities that early-adopt IFRSs effective f
The most recently issued standards and interpretations from the IASB and IFRIC are:
Amendment to IAS 1, 'Presentation of financial statements' on disclosure initiative
Amendment to IAS 16 and IAS 38 - Clarification of acceptable methods of

depreciation and amortisation
Amendment to IAS 16 regarding bearer plants
Amendment to IAS 27, 'Separate financial statements'
Amendment to IAS 41 regarding bearer plants
Amendment to IFRS 10 and IAS 28 on investment entities applying the consolidation

exception
Amendment to IFRS 11,'Joint arrangements' on acquisition of an interest in a joint
operation
IFRS 14, 'Regulatory deferral accounts'
Annual improvements (2012-2014)
Forthcoming standards and interpretations are:

Amendment to IAS 7 on disclosure initiative
Amendment to IAS 12 on recognition of deferred tax assets for unrealised losses
IFRS 2, Share-based payment Amendment on clarifying share- based payment

transactions
IFRS 9, Financial instruments
Amendment to IFRS 9, Financial instruments on general hedge accounting
Amendment to IFRS 10 and IAS 28 on sale or contribution of assets IFRS 15,

'Revenue from contracts with customers'
Amendments to IFRS 15 ' Revenue from contracts with customers' - Clarifications
IFRS 16, 'Leases'
Introduction
uired for December 2016 year
uired of entities that early-adopt IFRSs effective for annual periods beginning after 1 January 2017.
IFRS effective date

Annual periods beginning on or after 1 January
2016
2016
Annual periods on or after 1 January 2016

2016

2016
Annual periods beginning on or after 1

January 2017
2017
2018
2018
2018 to be determined
2018
2018
2019
Contents
Section A Disclosures for consideration by all entities
A1 General requirements
A2 Accounting policies
A3 Statement of Comprehensive Income/Income Statement
A4 Statement of Financial Position (Balance Sheet)
A5 Statement of Cash Flows
A6 Statement of Changes in Equity
A7 Statement of Recognised Income and Expense
A8 Capital Disclosure
A9 Fair Value Hierarchy Transfers
Section B Additional Disclosures
B1 IFRS 1 First time adoption
B2 IAS 29 Hyperinflation
B3 IAS 33 Earnings per Share
B4 IAS 41 Agriculture
B5 IFRS 4 Insurance contracts
B6 IFRS 8 Operating Segments
B7 IFRS 14 - Regulatory deferral accounts
Section C Standards not yet effective
C1 Revenue from contracts with customers
C2 Financial instruments - new disclosures required by IFRS 9 (2014)
C3 Cash flow statements - new disclosures required by IAS 7
C4 Leases - new disclosures required by IFRS 16

Contents
checklist 2016
Section A
by all entities
Page
14
30
155
158
160
160
161
167
172
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197
205
225
226
IFRS disclosure checklist 2016 – Section A
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A1 General requirements
1 Financial statement components IAS 1

Financial statements should include the following components:
(a) a statement of financial position as at the end of the period; IAS 1 (2007) -
10(a)
(b) a statement of profit or loss and other comprehensive income for the IAS 1 (2007) -
period; 10(b)
(c) a statement of changes in equity for the period; IAS 1 (2007) -

10(c)
(d) a statement of cash flows for the period; IAS 1 (2007) -

10(d)
(e) notes, comprising significant accounting policies and other explanatory IAS 1 (2007) -
information; and 10(e)
(ea) comparative information in respect of the preceding period. IAS 1 (2007) -

10 (ea)
(f) a statement of financial position at the beginning of the preceding IAS 1 (2007) -
period when an entity applies an accounting policy retrospectively or 10 (f)
makes a retrospective restatement of items in its financial statements or
when it classifies items in its financial statements (in accordance with IAS
1 paragraphs 40A-40D .
2 Equal Prominence of financial statements IAS 1 (2007) -

Has the entity presented all of the financial statements required in a 11
complete set of IFRS financial statements with equal prominence?
3 Presentation of similar items IAS 1 (2007) -

Present each material class of similar items separately in the financial 29
statements.
4 Items of dissimilar nature of function IAS 1 (2007) -

Present items of a dissimilar nature or function separately unless they are 29
immaterial.
5 Offsetting IAS 1 (2007) -

Do not offset assets and liabilities, or income and expenditure, unless 32
required or permitted by an IFRS (Standard or Interpretation).
The next question is 7
7 Comparative Information IAS 1 (2007) -

Except when an IFRSs permit or require otherwise, an entity shall present 38
comparative information in respect of the preceding period for all amounts
presented in the current period's financial statements. An entity shall
include comparative information for narrative and
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descriptive information if it is relevant to an understanding the current

period's financial statements.
8 Comparative Information - Minimum Requirements An entity shall present, IAS 1

as a minimum:
(a) two statements of financial position; IAS 1 (2007) - 38A
(b) two statements of profit or loss and other comprehensive income; IAS 1 (2007) - 38A
(c) two separate statements of profit or loss (if presented); IAS 1 (2007) - 38A
(d) two separate statements of cash flows IAS 1 (2007) - 38A
(e) two statements of changes in equity; and IAS 1 (2007) - 38A
(f) related notes. IAS 1 (2007) - 38A
9 Third Statement of Financial Position IAS 1 (2007) - 40D

In addition to the above minimum requirements, if the entity makes the IAS 1 (2007) - 40B
retrospective application, retrospective restatement or reclassification, the IAS 1 (2007) - 40A
entity shall present a third statement of financial position as at the IAS 1 (2007) - 40C
beginning of the preceding period if:
(a) it applies an accounting policy retrospectively, makes a retrospective
restatement of items in its financial statements or reclassifies items in its
financial statements; and
(b) the retrospective application, retrospective restatement or the
reclassification has a material effect on the information in the statement of
financial position at the beginning of the preceding period..
Note (1): The entity is not required to present the related notes to the
opening statement of financial position at the beginning of the preceding
period (third statement of financial position).
Note (2): The date of that opening statement of financial position shall be
at the beginning of the preceding period regardless of whether the entities
present additional comparative information for earlier years.
Note (3): The entity is only required to present the third statement of
financial position if the effect of the retrospective application, retrospective
restatement or reclassification has a material impact on that statement.
10 Comparative Information - Additional Comparatives Where an entity IAS 1 (2007) - 38C
presents additional comparative
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information in addition to the minimum requirements in IAS 1 as long as

that information is prepared in accordance with IFRSs.
11 Comparative Information - Additional Statements IAS 1 (2007) - 38C

Where additional comparative information consists of one or more of the
statements referred to in question 1 in sectionA1, but does not comprise a
complete set of financial statements the entity shall present related note
information for those additional statements.
Next question is 13
13 Reclassification of comparative amounts IAS 1

If an entity changes the presentation or classification of items in the
financial statements it shall reclassify comparative amounts (unless
reclassification is impracticable). When an entity reclassifies comparative
amounts it shall disclose (including as at the beginning of the preceding
period):
(a) the nature of the reclassification; IAS 1 (2007) -

41
(b) the amount of each item or class of items that it reclassified; and IAS 1 (2007) -
41
(c) the reason for the reclassification. IAS 1 (2007) -

41
14 When reclassification of amounts is impracticable When it is impracticable IAS 1
to reclassify comparative amounts, disclose:
(a) the reason for not reclassifying the amounts; and IAS 1 (2007) - 42(a)
(b) the nature of the adjustments that would have been made if amounts IAS 1 (2007) - 42(b)
had been reclassified.
15 Identification of financial statements and other information Clearly identify IAS 1 (2007) -
and distinguish financial statements from other information in the same 49
published document.
16 Identification of component of financial statements Clearly identify each IAS 1 (2007) -
financial statement and the notes. 51
17 Identification of the financial statements
Display the following information prominently, and repeat when it is
necessary for the information presented to be understandable:
(a) name of the reporting entity or other means of identification, and any IAS 1 (2007) - 51(a)
change in that information from the preceding period;
(b) whether the financial statements cover the individual entity or a group IAS 1 (2007) - 51(b)
of entities;
(c) the date of the end of the reporting period or the period covered by the IAS 1 (2007) - 51(c)
financial statements or notes;
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(d) the presentation currency as defined in IAS 21; IAS 1 (2007) -

51(d)
(e) the level of rounding used in presenting amounts in the financial IAS 1 (2007) -
statements. 51(e)
18 Presentation Currency IAS 21 - 55
When the presentation currency is different from the functional currency, IAS 21 - 53
disclose that fact together with the functional currency and the reason for
using a different presentation currency.
Ensure the translation method used conforms with paragraphs 39 and 42
of IAS 21.
19 Presentation currency different to functional currency When financial IAS 21 - 57

statements or other financial information is displayed in a currency that is
different from the functional currency or presentation currency and(i) the
translation method required by paragraphs 39 and 42 of IAS 21 has not
been used; and(ii) the financial statements state that they are in
compliance with International Financial Reporting Standards
then:
a) clearly identify the information as supplementary information to IAS 21 - 57(a)

distinguish it from the information that complies with International
Financial Reporting Standards;
b) disclose the currency in which the supplementary information is IAS 21 - 57(b)

displayed; and
c) disclose the entity's functional currency and the method of translation IAS 21 - 57(c)
used to determine the supplementary information
20 Change in functional currency IAS 21 - 54

When there is a change in the functional currency of either the reporting
entity or a significant foreign operation, disclose:-
(a) that fact; IAS 21 - 54
(b) the reason for the change in functional currency. IAS 21 - 54
21 Frequency of reporting - change in reporting date When an entity

changes the end of its reporting period and presents financial statements
for a period longer or shorter than one year, disclose, in addition to the
period covered by the financial statements:
(a) the reason for a using a longer or shorter period; and IAS 1 (2007) -
36(a)
(b) the fact that amounts presented in the financial statements are not IAS 1 (2007) -
entirely comparable. 36(a)
22 Information to be disclosed in the notes Disclose in the notes to the
financial statements:
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(a) information required by IFRSs that is not presented elsewhere in the IAS 1 (2007) -
financial statements; 112(b)
(b) additional information that is not presented elsewhere in the financial IAS 1 (2007) -
statements, but is relevant to an understanding of any of them. 112(c)
23 Notes to the financial statements IAS 1 (2007) -

As far as practicable, present notes in a systematic manner. In 113
determining a systematic manner, the entity shall consider the effect on
the understandability and comparability of its financial statements.
24 Notes to the financial statements IAS 1 (2007) -

Has each item in the statements of financial position and of 113
comprehensive income, in the separate income statement (if presented),
and in the statements of changes in equity and of cash flows been cross-
referenced to any related information in the notes?
Next question is 26
26 Other information to be disclosed

If not disclosed elsewhere in information published with the financial
statements, disclose:
(a) the domicile and legal form of the entity, its country of incorporation IAS 1 (2007) -
and the address of its registered office (or principal place of business, if 138(a)
different from the registered office);
(b) a description of the nature of the entity's operations and its principal IAS 1 (2007) -
activities; and 138(b)
(c) the name of the parent and the ultimate parent of the group. IAS 24 - 12
IAS 1 (2007) -
138(c)
(d) if it is a limited life entity, information regarding the length of its life. IAS 1 (2007) -
138(d)
27 Prior period errors IAS 8 - 49

Disclose for each prior period error:
(a) the nature of the error; IAS 8 - 49(a)
28 Prior period errors

Disclose for each prior period error:
(b) for each prior period presented, to the extent practicable, the amount
of the correction:
(i) for each financial statement line item affected; and IAS 8 - 49(b)
(ii) for basic and diluted earnings per share IAS 8 - 49(b)
(c) the amount of the correction at the beginning of the earliest period IAS 8 - 49(c)
presented;
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(d) if retrospective restatement is impracticable, the circumstances that IAS 8 - 49(d)

led to the existence of that condition and a description of how and from
when the error has been corrected.
29 Authorisation of financial statements IAS 10 - 17

Disclose the date when the financial statements were authorised for
issue and who gave that authorisation.
30 Amendment of statements after issue IAS 10 - 17

If the entity's owners or others have the power to amend the financial
statements after issue, disclose that fact.
31 Going concern basis IAS 1 (2007) -

When management is aware of material uncertainties related to events 25
or conditions that may cast significant doubt upon the entity's ability to
continue as a going concern, disclose those uncertainties.
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A2. Accounting policies
1 Going concern basis IAS 1 (2007) -

If the financial statements are not prepared on a going concern basis, 25
disclose that fact together with the basis on which the financial statements
are prepared and the reason why the entity is not considered to be a going
concern.
2 Compliance with IFRS IAS 1 (2007) -

An entity whose financial statements comply with IFRSs shall make an 16
explicit and unreserved statement of such compliance in the notes.
Do not describe financial statements as complying
with IFRSs unless they comply with all the requirements of IFRSs.
3 Departure from an IFRS (Standard or Interpretation) If the entity departs

from a requirement of an IFRS (Standard or an Interpretation) disclose:
(a) that management has concluded that the financial statements present IAS 1 (2007) -
fairly the entity's financial position, financial performance and cash flows; 20(a)
(b) that it has complied with applicable IFRSs (Standards and IAS 1 (2007) -
Interpretations), except that it has departed from a particular requirement 20(b)
to achieve a presentation;
(c) the title of the IFRS (Standard or Interpretation) from which the entity IAS 1 (2007) -
has departed, including the treatment that the IFRS (Standard or 20(c)
Interpretation) would require, the reason why that treatment would be so
misleading in the circumstances that it would conflict with the objective of
financial statements set out in the Framework, and the treatment adopted;
and
(d) for each period presented, the financial impact of the departure on each IAS 1 (2007) -
item in the financial statements that would have been reported in 20(d)
complying with the requirement.
4 Departure from an IFRS (Standard or Interpretation) in a prior period

If the entity has departed from a requirement of an IFRS (Standard or an
Interpretation) in a prior period, and that departure affects the amounts
recognised in the financial statements for the current period, disclose:
a) the title of the IFRS (Standard or Interpretation) from which the entity IAS 1 (2007) -
has departed, including the treatment that the IFRS (Standard or 21
Interpretation) would require, the reason why the treatment would be so
misleading in the circumstances that it would conflict with the objective of
financial statements set out in the Framework, and the treatment adopted;
and
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b) for each period presented, the financial impact of the departure on each IAS 1 (2007) -
item in the financial statements that would have been reported in 21
complying with the requirement.
5 Departure from an IFRS (Standard or Interpretation) In the extremely rare

circumstances in which management concludes that compliance with a
requirement in an IFRS (Standard or Interpretation) would be so
misleading that it would conflict with the
objective of financial statements set out in the Framework, but the relevant
regulatory framework prohibits departure from the requirement, to the
maximum extent possible reduce the perceived misleading aspects of
compliance by disclosing:
a) the title of the IFRS (Standard or Interpretation) in question, the nature IAS 1 (2007) -
of the requirement, and the reason why management has concluded that 23(a)
complying with that requirement is so misleading in the circumstances that
it conflicts with the objective of financial statements set out in the
Framework; and
b) for each period presented, the adjustments to each item in the financial IAS 1 (2007) -
statements that management has concluded would be necessary to 23(b)
achieve a fair presentation.
6 Inappropriate accounting treatments IAS 1 (2007) -

Inappropriate accounting treatments are not rectified either by disclosure 18
of the accounting policies used or by notes or explanatory material.
7 New Standard or Interpretation not applied early When the entity has not IAS 8 - 30
applied a new Standard or Interpretation that has been issued but is not
yet effective, disclose:
(b) known or reasonably estimable information relevant to assessing the IAS 8 - 30

possible impact that application of the Standard or Interpretation will have
on the entity's financial statements in the period of initial application
8 Basis of preparation IAS 1 (2007) -

Present in the notes to the financial statements information about the basis 112(a)
of preparation of the financial statements and the specific accounting
policies selected and applied for significant transactions and events.
9 Summary of significant accounting policies Disclose significant accounting

policies comprising:
(a) the measurement basis (or bases) used in preparing the financial IAS 1 (2007) -
statements; and 117(a)
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(b) the accounting policies that are relevant to an understanding of the IAS 1 (2007) -
financial statements. 117(b)
10 Judgements by management IAS 1 (2007) -

Disclose along with significant accounting policies the judgements 122
management has made in the process of applying the entity's accounting
policies that have the most significant effect on the amounts recognised
in the financial statements.
11 Key assumptions and sources of estimation Disclose information about

the key assumptions
concerning the future, and other key sources of estimation uncertainty at
the balance sheet date, that have a significant risk of causing a material
adjustment to the carrying amounts of assets and liabilities within the
next financial year . In respect of those assets and liabilities, include
details in the notes of:
(a) their nature; and IAS 1 (2007) -

125(a)
(b) their carrying amount as at the balance sheet date. IAS 1 (2007) -
125(b)
12 Effect of the limit on defined benefit assets

Where the entity has a net defined benefit asset and the key sources of
estimation uncertainty at the end of the reporting period have a
significant risk of causing a material adjustment disclose:
(a) any restrictions on the current realisability of the surplus; or IFRIC 14 - 10
(b) the basis used to determine the economic benefits available. IFRIC 14 - 10
13 Significant change to estimated amounts reported in interim accounts IAS 34 - 26

If an estimate of an amount reported in an interim period is changed
significantly during the final interim period of the financial year but a
separate financial report is not published for that final interim period
disclose the nature and amount of that change in estimate in a note to
the annual financial statements.
14 Initial application of a Standard or an Interpretation When initial

application of a Standard or Interpretation - has an effect on the current
period or any prior period; -
would have an effect on the current or prior period except that it is
impracticable to determine the amount of the adjustment; or - might have
an effect on future periods then disclose:
(a) the title of the Standard or Interpretation IAS 8 - 28(a)

(b) when applicable, that the change in accounting policy is made in IAS 8 - 28(b)
accordance with its transitional provisions;
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(c) the nature of the change in accounting policy; IAS 8 - 28(c)
(d) when applicable, a description of the transitional provisions; IAS 8 - 28(d)
(e) when applicable the transitional provisions that might have an effect IAS 8 - (e)
on future periods.
15 Initial application of a Standard or an Interpretation
When initial application of a Standard or Interpretation - has an effect on
the current period or any prior period; - would have an effect on the
current or prior period except that it is impracticable to determine the
amount of the adjustment; or - might have an effect on future periods
then disclose:(f) for the current period and each prior period presented,
to the extent practicable, the amount of the adjustment
(i) for each financial line item affected; and IAS 8 - 28(f)(i)
Note: When an entity applies the amendments to amendments to IAS 16
and IAS 41 Agriculture: Bearer Plants for the first time it is not required to
present the quantitative information required by this question for the
current period but is required to present the information for each prior
period presented.
Note: {Per IFRS 10 C2A} In the first period when the amendments to
IFRS 10 in respect of Investment Entities is first applied the quantitative
information required by this disclosure is only required for the annual
period immediately preceding the date of initial application of the
amendments. An entity may disclosure this information in the current
period or for earlier comparative periods but is not required to do so.
(ii) for basic and diluted earnings per share IAS 8 -28(f)(ii)
Note: When an entity applies the amendments to amendments to IAS 16
and IAS 41 Agriculture: Bearer Plants for the first time it is not required to
present the quantitative information required by this question for the
current period but is required to present the information for each prior
period presented.
Note: {Per IFRS 10 C2A} In the first period when the amendments to
IFRS 10 in respect of Investment Entities is first applied the quantitative
information required by this disclosure is only required for the annual
period immediately preceding the date of initial application of the
amendments. An entity may disclosure this information in the current
period or for earlier comparative periods but is not required to do so.
(g) the amount of the adjustment relating to periods before those IAS 8 - 28(g)
presented, to the extent practicable;
(h) if retrospective application is impracticable for a particular period, or IAS 8 - 28(h)
for periods before those presented, the circumstances that led to the
existence of that
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condition and a description of how and from when the change in

accounting policy has been applied.
Financial statements of subsequent periods need not repeat these
disclosures.
16 Voluntary change in accounting policy

When a voluntary change in an accounting policy: - has an effect on the
current period or any prior period; - would have an effect on the current or
prior period except that it is impracticable to determine the amount of the
adjustment; or - might have an effect on future periods then disclose:
(a) the nature of the change in accounting policy; IAS 8 - 29(a)
(b) the reasons why applying the new accounting policy provides reliable IAS 8 - 29(b)
and more relevant information;
17 Voluntary change in accounting policy

When a voluntary change in an accounting policy: - has an effect on the
current period or any prior period; - would have an effect on the current or
prior period except that it is impracticable to determine the amount of the
adjustment; or - might have an effect on future periods then disclose:(c)
for the current period and each prior period presented, to the extent
practicable, the amount of the adjustment;
(i) for each financial line item affected; IAS 8 - 29(c)(i)
(ii) for basic and diluted earnings per share; IAS 8 -

29(c)(ii)
(d) the amount of the adjustment relating to periods before those IAS 8 - 29(d)
presented, to the extent practicable;
(e) if retrospective application is impracticable for a particular period, or IAS 8 - (e)

for periods before those presented, the circumstances that led to the
existence of that condition and a description of how and from when the
change in accounting policy has been applied
Financial statements of subsequent periods need not repeat these
disclosures.
18 Changes in accounting estimates IAS 8 - 39
Disclose the nature and amount of a change in an accounting estimate
that has an effect in the current period or is expected to have an effect in
future periods, except for the disclosure of the effect on future periods
when it is impracticable to estimate that effect.
If the amount of the effect in future periods of a change in an accounting
estimate is not disclosed because estimating it is impracticable, disclose
that fact.
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19 Inventories IAS 2 - 36(a)

Disclose the accounting policy adopted in measuring inventories,
including the cost formula used.
20 Construction contracts
For construction contracts, disclose:
(a) methods used to determine contract revenue recognised in the period; IAS 11 - 39(b)
(b) methods used to determine the stage of completion of contracts in IAS 11 - 39(c)
progress.
Property, plant and equipment IAS 16 - 60

Disclose for each class of property, plant and equipment:
(a) measurement bases for determining the gross carrying amount. IAS 16 - 73(a)
(b) depreciation methods used; IAS 16 - 73(b)
(c) useful lives or the depreciation rates used. IAS 16 - 73(c)
21 Revenue recognition IAS 18 - 35(a)

Disclose the accounting policies adopted for the recognition of revenue
including the methods adopted to determine the stage of completion of
transactions involving the rendering of services.
Revenue - accounting policies
22 Recognition of revenue under contracts for the construction of real estate

When an entity recognises revenue using the percentage of completion
method for agreements that meet all the criteria in paragraph 14 of IAS 18
continuously as construction progresses (see paragraph 17 of the
Interpretation), it shall disclose:
(a) how it determines which agreements meet all the criteria in paragraph IFRIC 15 - 20(a)
14 of IAS 18 continuously as construction progresses;
(b) the amount of revenue arising from such agreements in the period; IFRIC 15 - 20(b)
and
(c) the methods used to determine the stage of completion of agreements IFRIC 15 - 20(c)
in progress.
23 Agreements for the construction of real estate in progress at the reporting

date
For such agreements that are in progress at the reporting date, the entity
shall also disclose:
(a) the aggregate amount of costs incurred and recognised profits (less IFRIC 15 - 21(a)
recognised losses) to date; and
(b) the amount of advances received. IFRIC 15 - 21(b)
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24 Government grants IAS 20 - 39(a)

Disclose the accounting policy adopted for government grants, including
the methods of presentation adopted in the financial statements.
25 Intangible assets
For each class of intangible assets, distinguishing between internally
generated intangible assets and other intangible assets, disclose:
(a) whether the useful lives are indefinite or finite; IAS 38 - 118(a)
(b) if finite, the useful lives or the amortisation rates used; IAS 38 - 118(a)
(c) the amortisation methods used for intangible assets with finite useful IAS 38 - 118(b)
lives
(d) the line item(s) of the income statement in which any amortisation of IAS 38 - 118(d)
intangible assets is included.
26 Revalued intangible assets IAS 38 - 124(c)

Disclose the methods and significant assumptions applied in estimating
the fair values of intangible assets accounted for at revalued amounts
27 Indefinite lived intangible assets

If an intangible is assessed as having an indefinite useful life, disclose:
(a) the carrying amount of that asset; IAS 38 - 122(a)
(b) the reasons supporting the assessment of an indefinite useful life. In IAS 38 - 122(a)
giving these reasons, describe the factor(s) that played a significant role
in determining that the asset has an indefinite useful life
28 Exploration for and evaluation of mineral resources – accounting policies

Disclose information that identifies and explains the amounts recognised
in its financial statements arising from the exploration for and evaluation
of mineral resources:
(a) accounting policies for exploration and evaluation expenditures; and IFRS 6 - 24(a)
(b) accounting policies for recognition of exploration and evaluation IFRS 6 - 24(a)
assets.
29 Borrowing costs capitalised Disclose:
(a) the amount of borrowing costs capitalised during the period; and IAS 23 (Rev2007) -
26(a)
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(b) the capitalisation rate used to determine the amount of borrowing IAS 23 (Rev2007) -
costs eligible for capitalisation. 26(b)
30 Classification of investment property IAS 40 - 75(c)

When classification is difficult, disclose the criteria developed by the entity
to distinguish investment property from owner-occupied property and from
property held for sale in the ordinary course of business.
31 Investment property - cost model Disclose:
(a) that the entity applies the cost model in accounting for investment IAS 40 - 75(a)
property;
(b) the depreciation methods used; IAS 40 - 79(a)
(c) the useful lives or the depreciation methods used. IAS 40 - 79(a)
32 Investment property - fair value model Disclose:
(a) that the entity applies the fair value model in accounting for investment IAS 40 - 75(a)
property;
(b) whether, and in what circumstances, property held under operating IAS 40 - 75(b)
leases are classified and accounted for as investment property
33 Accounting policies - Financial Instruments IFRS7

Disclose in the summary of significant accounting policies:
(a) the measurement basis (or bases) used in preparing the financial IFRS 7 - 21
statements; and
(b) other accounting policies used that are relevant to an understanding of IFRS 7 - 21
the financial statements.
A3 Statement of Comprehensive Income/Income Statement
1 Face of the Statement of Comprehensive Income As a minimum, present

in the statement of comprehensive income the following line items:
(a) revenue; IAS 1 (2007) - 82(a)
(aa) gains and losses arising from the derecognition of financial assets IAS 1 (2007) - (82)
measured at amortised cost; (aa)
(b) finance costs; IAS 1 (2007) - 82(b)
(c) share of the profit or loss of associates and joint ventures accounted IAS 1 (2007) - 82(c)
for using the equity method;
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(d) tax expense; IAS 1 (2007) - 82(d)
(e) a single amount comprising the total of: IAS 1 (2007) - 82(e)
(i) the post-tax profit or loss of discontinued operations and IFRS 5 -
(ii) the post-tax gain or loss recognised on the measurement to fair value 33(a)(i) and (ii)
less costs to sell or on the disposal of the assets or disposal group(s)
constituting the discontinued operation.
(f) profit or loss; IAS 1 (2007) - 82(f)
(g) each component of other comprehensive income classified by nature IAS 1 (2007) - 82(g)
(excluding amounts relating to equity accounted associates and joint
ventures);
(h) share of the other comprehensive income of associates and joint IAS 1 (2007) - 82(h)
ventures accounted for using the equity method; and IAS 28 - 39
(j) For impairment losses outside of profit or loss: IAS 36 - 126(c)

(i) the amount of impairment losses on revalued assets recognised directly
in equity during the period;
(ii) the amount of reversals of impairment losses on revalued assets IAS 36 - 126(d)
recognised directly in equity during the period.
2 Information presented in single statement of profit or loss and other

comprehensive income
(a) Present a single statement of profit or loss and other comprehensive IAS 1 (2007) - 10A
income, with profit or loss and other comprehensive income presented in
two sections. Note: The sections shall be presented together, with the
profit or loss section presented first followed directly by the other
comprehensive income section.
(b) Present (in addition to other items required by IFRSs) the following IAS 1 (2007) - 82(a)
amounts for the period in the profit or loss section:(i) revenue;
(ii) finance costs; IAS 1 (2007) - 82(b)
(iii) share of the profit or loss of associates and joint ventures accounted IAS 1 (2007) - 82(c)
for using the equity method;
(iv) tax expense; IAS 1 (2007) - 82(d)

(v) a single amount for the total of discontinued operations (as defined in IAS 1 (2007) -
IFRS 5 Assets Held for Sale and Discontinued Operations) 82(ea)
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(vi) profit or loss; IAS 1 (2007) -

81A (a)
(c) Present in the other comprehensive income section the following line IAS 1 (2007) -
items:. 82A
i) items of other comprehensive income (excluding amounts in (ii) below), IAS 1 (2007) -
classified by nature and grouped into those that, in accordance with other 82A (a)
IFRSs:
- will not be reclassified subsequently to profit or loss; and
- will be reclassified subsequently to profit or loss when specific conditions
are met.
ii) the share of the other comprehensive income of associates and joint IAS 1 (2007) -
ventures accounted for using the equity method, separated into the share 82A (b)
of items that, in accordance with other IFRSs:
- will not be reclassified subsequently to profit or loss; and
- will be reclassified subsequently to profit or loss when specific conditions
are met.
(v) For impairment losses:(a) the amount of impairment losses on revalued IAS 36 - (126)(c)
assets recognised directly in equity during the period;
(b) the amount of reversals of impairment losses on revalued assets IAS 36 - (126)(d)
(v) total other comprehensive income. IAS 1 (2007) -

81A (b)
(vi) total comprehensive income. IAS 1 (2007) -

81A (c)
4 Split of controlling and non-controlling interests Present the following IAS 1 (2007) -
items, in addition to the profit or loss and other comprehensive income 81B (a)(i)
sections, as allocations of profit or loss and other comprehensive income
for the period:
(a) profit or loss for the period attributable to: IAS 1 (2007) -
(i) non-controlling interests, and 81B (a)(i)
(ii) owners of the parent. IAS 1 (2007) -

81B (a)(ii)
(b) total comprehensive income for the period attributable to:(i) non- IAS 1 (2007) -
controlling interests, and 81B (b)(i)

81B (b)(ii)
5 Separate Income Statement
The entity may present in a separate income statement the following line
items and disclosures:
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(a) revenue; IAS 1 (2007) -

82(a)
(b) finance costs; IAS 1 (2007) -

82(b) & 84
(c) share of the profit or loss of associates and joint ventures accounted for IAS 1 (2007) -
using the equity method; 82(c) & 84
(d) tax expense; IAS 1 (2007) -

82(d)
(e) a single amount comprising the total of: IFRS 5 - 33A IAS
(i) the post-tax profit or loss of discontinued operations; and 1 (2007) -
(ii) the post-tax gain or loss recognised on the measurement to fair value 82(e) & 84
less costs to sell or on the disposal of the assets or disposal group(s)
constituting the discontinued operation.
(ea) If an entity presents the items of profit or loss in a separate income IFRS 5 - (33A)
statement (as described in paragraph 10A of IAS 1 (as amended in June
2011) a section identified as relating to discontinued operations is
presented in that statement.
(f) profit or loss for the period; IAS 1 (2007) -

82(f) & 84
(g) In terms of non controlling interest present profit or loss for the period IAS 1 (2007) -
attributable to: (i) non-controlling interests; and 83(a)(i) & 84

83(a)(ii) & 84
6 Separate statement of profit or loss
(a) Present a separate statement of profit or loss immediately preceding IAS 1 (2007) -
the separate statement presenting other comprehensive income. 10A
Note: This statement should immediately precede the separate statement
of other comprehensive income.
(b) Present (in addition to other items required by IFRSs) the following IAS 1 (2007) -
amounts for the period in the separate statement of profit or loss:(i) 82(a)
revenue;
(ii) gains and losses arising from the derecognition of financial assets IAS 1 (2007) -
measured at amortised cost; (82)(aa)
(iii) finance costs; IAS 1 (2007) -

82(b)
(iv) share of the profit or loss of associates and joint ventures accounted IAS 1 (2007) -
for using the equity method; 82(c)
(vi) tax expense; IAS 1 (2007) -
82(d)
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(vii) a single amount for the total of discontinued IAS 1 (2007) - operations (as
defined in IFRS 5 Assets Held for Sale and 82(ea) Discontinued Operations)
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(viii) profit or loss; IAS 1 (2007) -

81A (a)
(b) profit or loss for the period attributable to: IAS 1 (2007) -
(i) non-controlling interests, and 81B (a)(i)

81B (a)(ii)
7 Separate statement of comprehensive income
(a) Present a separate statement of other comprehensive income. IAS 1 (2007) -

Note: This statement should immediately follow the separate statement of 10A
profit or loss.
(b) Present in the other comprehensive income section:(i) Profit or loss. IAS 1 (2007) -
10A
(ii) line items for amounts of other comprehensive income for the period. IAS 1 (2007) -
Note: These line items are required to reflect items classified by nature 82A
(iii) the above line items shall include the share of the other comprehensive IAS 1 (2007) -
income of associates and joint ventures accounted for using the equity 82A
method.
(iv)Further, the above line items shall be grouped into those that (in IAS 1 (2007) -
accordance with other IFRSs)that:(a) Will not be reclassified subsequently 82A(a)
to profit or loss; and
(b) Will be reclassified subsequently to profit or loss when specific IAS 1 (2007) -
conditions are met, 82A(b)
(v) For impairment losses:(a) the amount of impairment losses on revalued IAS 36 - (126)(c)
(b) the amount of reversals of impairment losses on revalued assets IAS 36 - (126)(d)
(vi) total other comprehensive income. IAS 1 (2007) -

81A (b)
(vii) total comprehensive income. IAS 1 (2007) -

81A (c)
(c) total comprehensive income for the period attributable to: (i) non- IAS 1 (2007) -
controlling interests, and 81B (b)(i)

81B (b)(ii)
(d) For impairment losses:(i) the amount of impairment losses on revalued IAS 36 - 126(c)
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(ii) the amount of reversals of impairment losses on revalued assets IAS 36 - 126(d)
(e) total comprehensive income. IAS 1 (2007) - 82(i)
(f) total comprehensive income for the period attributable to: (i) non- IAS 1 (2007) - 83(b)
controlling interests; and (i)

83(b)(ii)
8 Tax effects on other comprehensive income IAS 1 (2007) -

An entity shall disclose the amount of income tax relating to each 90
component of other comprehensive income, including reclassification
adjustments, either in the statement of comprehensive income or in the
notes.
Next question is 10

Present the components of other comprehensive income either:(a) net of 91(a) & (b)
related tax effects; or(b) before related tax effects with one amount shown
for the aggregate amount of income tax relating to those components.

Present the components of other comprehensive income net of related 91
tax effects.
12 Tax effects on other comprehensive income Present:
(a) the components of other comprehensive income before related tax IAS 1 (2007) -
effects with one amount shown for the aggregate amount of income tax 91
relating to these items; and
(b) allocate the tax between the items that might be reclassified IAS 1 (2007) -
subsequently to the profit or loss section and those that will not be 91
reclassified subsequently to the profit or loss section.
13 Effects of reclassifications on other comprehensive income IAS 1 (2007) -

Disclose reclassification adjustments relating to components of other 92
comprehensive income.
Next question is 15
15 Additional line items, headings and sub-totals Present additional line IAS 1 (2007) -
items (including by disaggregating the line items listed in paragraph 82), 85
headings and subtotals in the statement(s) presenting profit or loss and
other comprehensive income when such presentation is relevant to an
understanding of the entity’s financial performance.
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16 Additional line items, headings and sub-totals IAS 1 (2007) - 85A

When an entity presents subtotals in accordance with paragraph 85 of
IAS 1 above, are those subtotals:
(a) comprised of line items made up of amounts recognised and IAS 1 (2007) - 85A
measured in accordance with IFRS;
(b) presented and labelled in a manner that makes the line items that IAS 1 (2007) - 85A
constitute the subtotal clear and understandable;
(c) be consistent from period to period, in accordance with paragraph 45; IAS 1 (2007) - 85A
and
(d) not displayed with more prominence than the subtotals and totals IAS 1 (2007) - 85A
required in IFRS for the statement(s) presenting profit or loss and other
Present the line items in the statement(s) presenting profit or loss and IAS 1 (2007)
other comprehensive income that reconcile any subtotals presented in – 85B
accordance with paragraph 85 with the subtotals or totals required in
IFRS for such statement(s).
17 Material items of income and expenditure IAS 1 (2007) -

When items of income or expense are material, an entity shall disclose 97
their nature and amount separately.

An entity shall not present any items of income or expense as 87
extraordinary items, in the statement of comprehensive income or the
separate income statement (if presented), or in the notes.

An entity shall not present any items of income or expense as (87)
extraordinary items, in the statement(s) presenting profit or loss and other
comprehensive income, or in the notes.
20 Expenses IAS 1 (2007) -

An entity shall present an analysis of expenses recognised in profit or loss 99 & 100
using a classification based on either their nature or their function within
the entity, whichever provides information that is reliable and more
relevant.
Entities are encouraged to present the analysis in the statement of
comprehensive income or in the separate income statement (if
presented).
21 Expenses IAS 1 (2007) -

Present an analysis of expenses recognised in profit or loss using a (99)&(100)
classification based on either their nature or their function within the entity,
whichever provides information that is reliable and more relevant.
Entities are encouraged to present the analysis in the
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statement of comprehensive income or in the separate income

statement (if presented).
22 Expenses by function IAS 1 (2007) -
Where expenses are classified by function, disclose additional 104
information on the nature of expenses, including depreciation,
amortisation expense and employee benefits expense.
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23 Income statement and equity IAS 32 - 94(h)

Disclose material items of income, expense and gains and losses
resulting from financial assets and financial liabilities, whether included in
profit or loss or as a separate component of equity.
24 Income statement and equity

For this purpose, disclose at least the following items:
(a) total interest income and total interest expense (calculated using the IAS 32 - 94(h)
effective interest method) for financial assets and financial liabilities that
are not at fair value through profit or loss;
(b) for available-for-sale financial assets, the amount of any gain or loss IAS 32 - 94(h)
recognised directly in equity during the period and the amount that was
removed from equity and recognised in profit or loss for the period;
(c) the amount of interest income accrued on impaired financial assets IAS 32 - 94(h)
Income
25 Categories of revenue IAS 18 - 35

Disclose the amount of each significant category of revenue recognised
during the period including revenue arising from:
(a) sale of goods; IAS 18 - 35(b)
(b) rendering of services; IAS 18 - 35(b)
(c) interest; IAS 18 - 35(b)
(d) royalties; IAS 18 - 35(b)
(e) dividends. IAS 18 - 35(b)
26 Exchanges of goods and services IAS 18 - 35(c)

Disclose the amount of revenue arising from exchanges of goods and
services in each significant category of revenue.
27 Construction contract revenue IAS 11 - 39(a)

Disclose the amount of construction contract revenue recognised as
revenue in the period.
28 Lessors - finance leases

In respect of finance leases, lessors should disclose:
(a) unearned finance income; IAS 17 - 47(b)
(b) contingent rents recognised as income in the period IAS 17 - 47(e)
29 Lessors - operating leases IAS 17 - 56(b)

In respect of operating leases, lessors should disclose total contingent
rents recognised in income.
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30 Government grants IAS 20 - 39(b)

Disclose the nature and extent of government grants recognised in the
financial statements and an indication of other forms of government
assistance from which the entity has directly benefited.
31 Property, plant and equipment - compensation received If it is not IAS 16 - 74(d)

presented separately on the face of the income statement, disclose the
amount of compensation from third parties for items of property, plant and
equipment that were impaired, lost or given up that is included in profit or
loss
32 Investment property - Amounts recognised in profit or loss Disclose:
(a) rental income from investment property; IAS 40 - 75(f)
(b) direct operating expenses (including repairs and maintenance) arising IAS 40 - 75(f)
from investment property that generated rental income during the period;
(c) direct operating expenses (including repairs and maintenance) arising IAS 40 - 75(f)
from investment property that did not generate rental income during the
period;
(d) the cumulative change in fair value recognised in profit or loss on a IAS 40 - 75(f)
sale of investment property from a pool of assets in which the cost model
is used into a pool in which the fair value model is used
Expense items
33 Cost of Sales Disclose:
(a) the amount of inventories recognised as an expense during the period; IAS 2 - 36(d)
(b) the amount of any write-down of inventories to fair value less costs to IAS 2 - 36(e)
sell recognised as an expense in the period;
(c) the amount of any reversal of any write-down of inventories IAS 2 - 36(f)
recognised during the period arising from an increase in net realisable
value;
(d) the circumstances or events that led to the reversal of a write-down of IAS 2 - 36(g)
inventories.
34 Finance leases - contingent rents IAS 17 - 31(c)
In respect of finance leases, lessees should disclose contingent rents
recognised as an expense in the period.
35 Lessees - Operating Lease Expense IAS 17 - 35(c)
In respect of operating leases, the lessee should disclose lease and
sublease payments recognised as an expense in the period, with
separate amounts for minimum lease payments, contingent rents, and
sublease payments.
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36 Arrangement contains a Lease - Operating lease If a purchaser concludes

that it is impracticable to separate the payments reliably, it shall:
(i) in the case of an operating lease, treat all payments under the IFRIC 4 - (15)(b)
arrangement as lease payments for the purposes of complying with the
disclosure requirements of IAS 17 (see question 3.25 above), but
(ii) state that the disclosed payments also include payments for non-lease IFRIC 4 - (15)(b)(ii)
elements in the arrangement.
37 Impairment losses
For each class of asset, disclose:
(a) the amount of impairment losses recognised in profit or loss during the IAS 36 - 126(a)
period and the line item(s) of the income statement in which those
impairment losses are included;
(b) the amount of reversals of impairment losses recognised in profit or IAS 36 - 126(b)
loss during the period and the line item(s) of the income statement in
which those impairment losses are reversed.
38 Share based payment transactions - P&L effect Disclose:
(a) the total expense recognised immediately in profit and loss arising IFRS 2 - 51(a)
from share-based payment transactions;
(b) the total expense recognised immediately in profit and loss arising IFRS 2 - 51(a)
from equity-settled share-based payment transactions included in that
total;
(c) any other information necessary to enable users of the financial IFRS 2 - 52
statements to understand the effect of share- based payment transactions
on the entity's profit or loss for the period.
39 Early adoption amendments to IFRS 2 IFRS 2 – 63D

Has the entity disclosed the fact that is has early adopted amendments to
IFRS 2, Classification and measurement of share-based payment
transactions? (There are no additional disclosure requirements in the
amendment other than a disclosure on early adoption)
40 Cost of defined contributions plans IAS 19 (2011)

An entity shall disclose the amount recognised as an expense for defined - (53)
contribution plans.
Note: Where required by IAS 24 an entity discloses information about
contributions to defined contribution plans for key management
personnel.
41 Exchange differences IAS 21 - (52)(a)

Disclose the amount of exchange differences recognised in profit or loss
except for those arising on financial
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instruments measured at fair value through profit or loss (in accordance

with IFRS 9 or IAS 39).
42 Research and development costs IAS 38 - 126
Disclose the aggregate amount of research and development expenditure
recognised as an expense during the period.
Taxation
43 Components of tax expense

Disclose the major components of tax expense/income separately,
including:
(a) current tax expense (income) IAS 12 - 80(a)
(b) any adjustments recognised in the period for current tax of prior IAS 12 - 80(b)
periods;
(c) the amount of deferred tax expense (income) relating to the origination IAS 12 - 80(c)
and reversal of temporary differences;
(d) the amount of deferred tax expense (income) relating to changes in IAS 12 - 80(d)
tax rates or the imposition of new taxes;
(e) the amount of the benefit arising from a previously unrecognised tax IAS 12 - 80(e)
loss, tax credit or temporary difference of a prior period that is used to
reduce current tax expense;
(f) the amount of the benefit from a previously unrecognised tax loss, tax IAS 12 - 80(f)
credit or temporary difference of a prior period that is used to reduce
deferred tax expense;
(g) deferred tax expense arising from the write-down, or reversal of a IAS 12 - 80(g)
previous write-down, of a deferred tax asset; and
(h) the amount of tax expense (income) relating to those changes in IAS 12 - 80(h)
accounting policies and errors that are included profit or loss in
accordance with the allowed alternative treatment in IAS 8, because they
cannot be accounted for retrospectively
44 Tax reconciliation IAS 12 - 81(c)

Disclose an explanation of the relationship between tax and accounting
result in either or both of the following forms(a) a numerical reconciliation
between tax charge (income) and the product of accounting profit
multiplied by the applicable tax rate(s), disclosing also the basis on which
the applicable tax rates are computed; or(b) a numerical reconciliation
between the average effective tax rate and the applicable tax rate,
disclosing also the basis on which the applicable tax rate is computed.
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45 Changes in applicable tax rates IAS 12 - 81(d)

Disclose an explanation of changes in applicable tax rate(s) compared to
the previous accounting period.
46 Aggregate Current and Deferred Tax Relating to Items Taken to Equity IAS 12 - 81(a)
Disclose separately the aggregate current and deferred tax relating to
items that are charged or credited directly to equity.
47 Income tax relating to each component of comprehensive income IAS 12 -

Disclose the amount of income tax relating to each component of other 81(ab)
48 Business Combinations - entity is acquirer IAS 12 - 81(j)

If a business combination in which the entity is the acquirer causes a
change in the amount recognised for its pre-acquisition deferred tax
assets disclose the amount of that change.
49 Business Combinations - deferred tax benefits IAS 12 - 81(k)

If the deferred tax benefits acquired in a business combination are not
recognised at the acquisition date but are recognised after the acquisition
date (per paragraph 68 of IAS 12 disclose a description of the event or
change in circumstances that caused the deferred tax benefits to be
recognised.
50 Difference between carrying amount of assets distributed and carrying IFRIC 17 - 14

amount of dividend payable & 15
When an entity settles the dividend payable, it shall recognise the
difference, if any, between the carrying amount of the assets distributed
and the carrying amount of the dividend payable in profit or loss as
separate line item in profit or loss.
51 Disclosures in respect of distributions of non-cash assets to owners

during the period
Disclose the following information, if applicable:
(a) the carrying amount of the dividend payable at the beginning and end IFRIC 17 - 16(a)
of the period; and
(b) the increase or decrease in the carrying amount recognised in the IFRIC 17 - 16(b)
period in accordance with paragraph 13 as result of a change in the fair
value of the assets to be distributed.
52 Disclosures in respect of distributions of non-cash assets to owners after

end of period
Disclose the following information:
(a) the nature of the asset to be distributed; IFRIC 17 - 17(a)

(b) the carrying amount of the asset to be distributed as of the end of the IFRIC 17 - 17(b)
reporting period;
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(c) the estimated fair value of the asset to be distributed as of the end IFRIC 17 - 17(c)
of the reporting period, if it is different from its carrying amount; and
(d) and the information about the method used to determine that fair IFRIC 17 - 17(c)
value (required by IFRS 7 paragraphs 27(a) and (b)
(da) the information about the method(s) used to measure that fair IFRS 13 - (93)(b)
value (required by paragraphs 93(b),(d),(g) and (i) and 99 of IFRS 13) IFRIC 17 - (17)(d)
being:(i) for recurring and non- recurring fair value measurements,
the level of the fair value hierarchy within which the fair value
measurements are categorised in their entirety (Level 1, 2 or 3).
(ii) for recurring and non-recurring fair value measurements IFRS 13 - (93)(d)
categorised within Level 2 and Level 3 of the fair value hierarchy, a IFRIC 17 - (17)(d)
description of the valuation technique(s) and the inputs used in the
fair value measurement.
(iii) If there has been a change in valuation technique (eg changing IFRIC 17 - (17)(d)
from a market approach to an income approach or the use of an IFRS 13 - (93)(d)
additional valuation technique), the entity shall disclose that change
and the reason(s) for making it.
(iv) For fair value measurements categorised within Level 3 of the fair IFRS 13 - (93)(d)
value hierarchy, an entity shall provide quantitative information about IFRIC 17 - (17)(d)
the significant unobservable inputs used in the fair value
measurement. Note: An entity is not required to create quantitative
information to comply with this disclosure requirement if quantitative
unobservable inputs are not developed by the entity when measuring
fair value (eg when an entity uses prices from prior transactions or
third-party pricing information without adjustment). However, when
providing this disclosure an entity cannot ignore quantitative
unobservable inputs that are significant to the fair value measurement
and are reasonably available to the entity.
(v) for recurring and non-recurring fair value measurements IFRIC 17 - (17)(d)
categorised within Level 3 of the fair value hierarchy, a description of IFRS 13 - (93)(g)
the valuation processes used by the entity (including, for example,
how an entity decides its valuation policies and procedures and
analyses changes in fair value measurements from period to period).
(vi) for recurring and non-recurring fair value measurements, if the IFRS 13 - (93)(i)
highest and best use of a non- financial asset differs from its current IFRIC 17 - (17)(d)
use, an entity shall disclose that fact and why the non-financial asset
is being used in a manner that differs from its highest and best use.
(vii) An entity shall present the quantitative disclosures required in this IFRIC 17 - (17)(d)
question 3.37.3(d) in a tabular format unless another format is more
appropriate.
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IFRS 13 -
(99)
53 Income tax consequences of dividends IAS 12 - 81(i)
Disclose the amount of income tax consequences of dividends to
shareholders of the entity that were proposed or declared before the
financial statements were authorised for issue, but are not recognised as
a liability in the financial statements.
54 Potential income tax consequences of dividends IAS 12 - 82A

Where income taxes are payable at a higher / lower rate or income taxes
are refundable / payable should the entity pay dividends, disclose:
(a) the nature of the potential income tax consequences that would result IAS 12 - 82A
from the payment of dividends to its shareholders
(b) the amounts of the potential income tax consequences practicably IAS 12 - 82A
determinable
(c) whether there are any potential income tax consequences not IAS 12 - 82A
practicably determinable.
(ca) the fair value of the asset to be distributed as of the end of the IFRIC 17 - (17)(c)
reporting period, if it is different from its carrying amount; and
55 Early adoption amendments to IAS 12 IAS 12 – 98G

Has the entity disclosed the fact that is has early adopted amendments to
IAS 12, Recognition of deferred tax assets for unrealised losses? (There
are no additional disclosure requirements in the amendment other than a
disclosure on early adoption)
Discontinued activities
56 Discontinued operations
Disclose on the face of the income statement or in the notes the following
items for the total presented on the face of the income statement for
· the post-tax profit or loss of discontinued operations; and· the post-tax
gain or loss recognised on the measurement to fair value less costs to sell
or on the disposal of the assets or disposal group(s) constituting the
discontinued operation:(Note: Disclosure not required for disposal groups
that are newly acquired subsidiaries meeting the criteria to be classified
as held for sale)
(a) revenue; IFRS 5 - 33(b)
(b) expenses; IFRS 5 - 33(b)

(c) pre-tax profit or loss; IFRS 5 - 33(b)
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(d) income tax expense related to the profit or loss from discontinued IFRS 5 - 33(b)
operations, the tax expense relating to:(i) the gain or loss on IAS 12 - 81(h)
discontinuance; and(ii) the profit or loss from the ordinary activities of the
discontinued operation for the period, together with the corresponding
amounts for each prior period presented;
(e) the gain or loss recognised on the measurement to fair value less costs IFRS 5 - 33(b)
to sell or on the disposal of the assets or disposal group(s) constituting the
discontinued operation;
(f) income tax expense related to the gain or loss recognised on the IFRS 5 - 33(b)
measurement to fair value less costs to sell or on the disposal of the
assets or disposal group(s) constituting the discontinued operation;
(g) where the above information is disclosed on the face of the income IFRS 5 - 33(b)
statement, present it in a section identified as relating to discontinued
operations (i.e. separately from continuing operations)
(h) Re-present the above income statement disclosures for prior periods IFRS 5 - 34
presented in the financial statements so that the disclosures relate to all
operations that have been discontinued by the balance sheet date for the
latest period presented.
(i) the amount of income from continuing operations and from discontinued IFRS 5 - 33(d)
operations attributable to owners of the parent.(In statement of
comprehensive income or notes).
A4 Statement of Financial Position (Balance Sheet)
General
1 Assets and liabilities IAS 1 (2007) -

Present either:(a) current and non-current assets, and current and non- 60 & 61
current liabilities as separate classifications in its statement of financial
position (balance sheet); or(b) assets and liabilities broadly in order of their
liquidity, if this is reliable or more relevant. Whichever method of
presentation is adopted, for each asset and liability item that combines
amounts expected to be recovered or settled (i) no more than 12 months
from the balance sheet date and (ii) more than 12 months after the balance
sheet date, disclose the amount expected to be recovered or settled after
more than 12 months.
2 Face of the statement of financial position

The statement of financial position shall include line items that present the
following amounts:
(a) property, plant and equipment; IAS 1 (2007) - 54(a)

(b) investment property; IAS 1 (2007) - 54(b)
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(c) intangible assets; IAS 1 (2007) - 54(c)
(d) financial assets (excluding investments accounted for using the equity IAS 1 (2007) - 54(d)
method, trade and other receivables, and cash and cash equivalents);
(e) investments accounted for using the equity method; IAS 1 (2007) - 54(e)
(f) biological assets; IAS 1 (2007) - 54(f)
(g) inventories; IAS 1 (2007) - 54(g)
(h) trade and other receivables; IAS 1 (2007) - 54(h)
(i) cash and cash equivalents; IAS 1 (2007) - 54(i)
(j) the total of assets classified as held for sale and assets included in IAS 1 (2007) - 54(j)
disposal groups classified as held for sale (in accordance with IFRS 5 Non-
current Assets Held for Sale and Discontinued Operations);
(k) trade and other payables; IAS 1 (2007) - 54(k)
(l) provisions; IAS 1 (2007) - 54(l)
(m) financial liabilities (excluding amounts shown under trade and other IAS 1 (2007) - 54(m)
payables and provisions);
(n) liabilities and assets for current tax (as defined in IAS 12 Income IAS 1 (2007) - 54(n)
Taxes);
(o) deferred tax liabilities and deferred tax assets (as defined in IAS 12 IAS 1 (2007) - 54(o)
Income Taxes);
(p) liabilities included in disposal groups classified as held for sale (in IAS 1 (2007) - 54(p)
accordance with IFRS 5 Non-current Assets Held for Sale and
Discontinued Operations);
(q) non-controlling interest, presented within equity; and IAS 1 (2007) - 54(q)
(r) issued capital and reserves attributable to owners of the parent. IAS 1 (2007) - 54(r)
3 Additional line items in statement of financial position (balance sheet) IAS 1 (2007) -
Present additional line items (including by disaggregating the line items 55
listed in paragraph 54 above), headings and sub-totals in the statement of
financial position (on the face of the balance sheet) when such
presentation is
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relevant to an understanding of the entity's financial position.
Presenting subtotals IAS 1 (2007)

When an entity presents subtotals in accordance with the above, has the – 55A
entity ensured that the subtotals are:
(a) comprised of line items made up of amounts recognised and measured

in accordance with IFRS;
(b) presented and labelled in a manner that makes the line items that
constitute the subtotal clear and understandable;
(c) consistent from period to period; and
(d) not displayed with more prominence than the subtotals and totals
required in IFRS for the statement of financial position?
4 Presentation of deferred tax IAS 1 (2007) -

When an entity presents current and non-current assets, and non-current 56
and current liabilities, as separate classifications in the statement of
financial position (balance sheet), it shall not classify deferred tax assets
(liabilities) as current assets (liabilities).
5 Sub-classifications of items in the statement of financial position (balance IAS 1 (2007) -

sheet) 77
Disclose either in the statement of financial position (balance sheet) or in
the notes, further sub-classifications of the line items presented, classified
in a manner appropriate to the entity's operations.
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Recognition and reversal of impairment losses
6 For each impairment loss recognised or reversed during the period for an
individual asset, including goodwill, or a cash generating unit, disclose:
For each material impairment loss recognised or reversed during the

period for an individual asset, including goodwill, or a cash generating unit,
disclose:
(a) the events and circumstances that led to the recognition or reversal of IAS 36 - 130(a)
the impairment loss;
(b) the amount of the impairment loss recognised or reversed; IAS 36 - 130(b)
(c) for an individual asset: IAS 36 - 130(c)(i)

(i) the nature of the asset;
(ii) where applicable the reportable segment to which the asset IAS 36 - 130(c)(ii)
belongs(based on the entity's primary format if IAS 14 is being applied or if
IFRS 8 is applied the reportable segment);
(d) for a cash generating unit; IAS 36 - 130(d)(i)

(i) a description of the cash generating unit (such as whether it is a product
line, a plant, a business operation, a geographical area, or a reportable
segment);
(ii) the amount of the impairment loss recognised or reversed by class of IAS 36 - 130(d)(ii)
assets and, if the entity reports segment information in accordance with
IAS 14, by reportable segment based on the entity's primary format (as
defined in IAS 14) or by reportable segment under IFRS 8 if IAS 14 is no
longer applied;
(iii) if the aggregation of assets for identifying the cash generating unit has IAS 36 -
changed since the previous estimate of the cash generating unit's 130(d)(iii)
recoverable amount (if any), describe the current and former way of
aggregating assets and the reasons for changing the way the cash-
generating unit is identified;
(e) whether the recoverable amount of the asset (cash generating unit) is IAS 36 - 130(e)
its fair value less costs to sell or its value in use;
(ea) the recoverable amount of the asset (cash- generating unit) and IAS 36 - 130
whether the recoverable amount of the asset (cash-generating unit) is its (e)
fair value less costs of disposal or its value in use.
(f) if recoverable amount is fair value less costs to sell, the basis used to IAS 36 - 130(f)
determine fair value less costs to sell (such as whether fair value was
determined by reference to an active market);
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(fa) if recoverable amount is fair value less costs of disposal, the basis IAS 36 - (130)(f)
used to measure fair value less costs of disposal (such as whether fair
value was measured by reference to a quoted price in an active market for
an identical asset);
Note: An entity is not required to provide the disclosures required by IFRS
13 Fair Value Measurement.
(fb) if the recoverable amount is fair value less costs of disposal, disclose
the following information:
(i) the level of the fair value hierarchy (see IFRS 13) within which the fair IAS 36 - 130
value measurement of the asset (cash- generating unit) is categorised in (f)(i)
its entirety (without taking into account whether the ‘costs of disposal’ are
observable);
(ii) for fair value measurements categorised within Level 2 and Level 3 of IAS 36 - 130
the fair value hierarchy, a description of the valuation technique(s) used to (f)(ii)
measure fair value less costs of disposal. If there has been a change in
valuation technique, the entity shall disclose that change and the reason(s)
for making it; and
(iii) for fair value measurements categorised within Level 2 and Level 3 of IAS 36 - 130
the fair value hierarchy, each key assumption on which management has (f)(iii)
based its determination of fair value less costs of disposal. Key
assumptions are those to which the asset’s (cash- generating unit’s)
recoverable amount is most sensitive. The entity shall also disclose the
discount rate(s) used in the current measurement and previous
measurement if fair value less costs of disposal is measured using a
present value technique.
(g) if recoverable amount is value in use, the discount rate(s) used in the IAS 36 - 130(g)
current estimate and previous estimate (if any) of value in use.
7 Recognition and reversal of impairment losses Where no individual

impairment loss recognised or reversed during the period is material,
disclose the
following information for the aggregate impairment losses and the
aggregate reversals of impairment losses recognised during the period:
(a) the main classes of assets affected by impairment losses and the main IAS 36 - 131(a)
classes of assets affected by reversals of impairment losses;
(b) the main events and circumstances that led to the recognition of these IAS 36 - 131(a)
impairment losses and reversals of impairment losses.
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8 Recoverable amount - assumptions IAS 36 - 132

An entity is ENCOURAGED to disclose assumptions used to determine
the recoverable amount of assets with definite useful lives and cash
generating units to which
· goodwill and· intangible assets with infinite useful lives have not been
allocated.
Note: Paragraph 134 of IAS 36 requires an entity to disclose information
about the estimates used to measure the recoverable amount of a cash-
generating unit when goodwill or an intangible asset with an indefinite
useful economic life is included in the carrying amount of that unit.
9 Unallocated goodwill IAS 36 - 133

If any portion of the goodwill acquired in a business combination during
the period has not been allocated to a cash-generating unit (group of
units) at the reporting date, disclose:
(a) the amount of the unallocated goodwill; IAS 36 - 133
(b) the reasons why that amount remains unallocated IAS 36 - 133
10 CGUs containing g/w or intangibles with indefinite UELs For each cash-
generating unit (group of units) for which the carrying amount of goodwill
or intangible assets with indefinite useful lives allocated to that unit (group
of units) is significant in comparison with the entity's total carrying amount
of goodwill or intangible assets with indefinite useful lives, disclose:
(a) the carrying amount of goodwill allocated to the unit (group of units); IAS 36 - 134(a)
(b) the carrying amount of intangible assets with indefinite useful lives IAS 36 - 134(b)
allocated to the unit (group of units);
(c) the basis on which the unit's (group of units') recoverable amount has IAS 36 - 134(c)
been determined (i.e. value in use or fair value less costs to sell)
(ca) the recoverable amount of the unit (or group of units); and IAS 36 - (134)(c)
(cb) the basis on which the unit's (group of units') recoverable amount has IAS 36 - (134)(c)
been determined (i.e. value in use or fair value less costs of disposal)
11 Estimates used to measure value in use of CGUs
If· the carrying amount of goodwill or intangible assets with indefinite
useful lives allocated to a cash-generating unit (group of units) is
significant in comparison with the entity's total carrying amount of goodwill
or intangible assets with indefinite useful lives; and· the recoverable
amount of the unit (group of units) is based on value in use
disclose for each such cash-generating unit:
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(a) description of each key assumption on which management has based IAS 36 - 134(d)
its cash flow projections for the period covered by the most recent
budgets / forecasts. Key assumptions are those to which the unit's (group
of units') recoverable amount is most sensitive;
(aa) each key assumption on which management has based its cash flow IAS 36 - (134)(d)(i)
projections for the period covered by the most recent budgets / forecasts.
Key assumptions are those to which the unit's (group of units')
recoverable amount is most sensitive;
(b) a description of management's approach to determining the value(s) IAS 36 - 134(d)

assigned to each key assumption;
(c) whether those value(s) reflect past experience or, if appropriate, are IAS 36 - 134(d)
consistent with external sources of information;
(ca) the basis on which the unit’s (group of units’) recoverable amount has IAS 36 - 134
been determined (ie value in use or fair value less costs of disposal). (c)
(d) if the key assumptions differ from past experience or external sources IAS 36 - 134(d)
of information, how and why they differ;
(e) the period over which management has projected cash flows based on IAS 36 - 134(d)
financial budgets/forecasts approved by management;
(f) when a period greater than five years is used in the cash flow IAS 36 - 134(d)
projections of a cash-generating unit (group of units), an explanation of
why that longer period is justified;
(g) the growth rate used to extrapolate cash flow projections beyond the IAS 36 - 134(d)
period covered by the most recent budgets/forecasts;
(h) the justification for using any growth rate that exceeds the long-term IAS 36 - 134(d)
average growth rate for the products, industries, or country or countries in
which the entity operates, or for the market to which the unit (group of
units) is dedicated;
(i) the discount rate(s) applied to the cash flow projections. IAS 36 - 134(d)
12 Estimates used to measure fair value less costs to sell of CGUs
If· the carrying amount of goodwill or intangible assets with indefinite
or intangible assets with indefinite useful lives; and· the recoverable
amount of the unit (group of units) is based on fair value less costs to sell
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(a) the methodology used to determine fair value less costs to sell; IAS 36 - 134(e)
13 Estimates used to measure fair value less costs to sell of CGUs(b) If fair IAS 36 - 134(e)
value less costs to sell is not determined using an observable market
price for the unit (group of units)
(i) a description of each key assumption on which management has IAS 36 - 134(e)
based its determination of fair value less costs to sell. Key assumptions
are those to which the unit's (group of units') recoverable amount is most
sensitive
(ii) a description of management's approach to determining the value(s) IAS 36 - 134(e)

(iii) whether those value(s) reflect past experience, or, if appropriate are IAS 36 - 134(e)
(iv) if the key assumptions differ from past experience or external sources IAS 36 - 134(e)
of information, how and why they differ
14 Estimates used to measure fair value less costs of disposal of CGUs

If
• the carrying amount of goodwill or intangible assets with indefinite useful
lives allocated to a cash-generating unit (group of units) is significant in
comparison with the entity's total carrying amount of goodwill or intangible
assets with indefinite useful lives; and
• the recoverable amount of the unit (group of units) is based on fair value
less costs of disposal
disclose for each such cash-generating unit
:Note: An entity is not required to provide the disclosures by IFRS 13 Fair
Value Measurement.
(a) the valuation technique(s) used to measure fair value less costs of IAS 36 - (134)(e)(i)
disposal;
Estimates used to measure fair value less costs to sell of CGUs
(b) If fair value less costs of disposal is not measured using a quoted IAS 36 - (134)(e)(i)
price a unit (group of units) disclose:
(i) each key assumption on which management has based its
determination of fair value less costs to sell. Key assumptions are those
to which the unit's (group of units') recoverable amount is most sensitive
(ii) a description of management's approach to determining the value(s) IAS 36 - (134)(e)(ii)

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(iia) the level of the fair value hierarchy (per IFRS 13) within which the fair IAS 36 - (134)(e)
value measurement is categorised in its entirety (without giving regard to (iiA)
the observability of 'costs of disposal');
(iib) if there has been a change in valuation technique, the change and IAS 36 - (134)(e)
the reason(s) for making it. (iiB)
(iii) whether those value(s) reflect past experience, or, if appropriate are IAS 36 - (134)(e)
consistent with external sources of information; (i)
(iv) if the key assumptions differ from past experience or external sources IAS 36 - (134)(e)
of information, how and why they differ (i)
15 Fair value less costs to sell determined by using discounted cash flows
If fair value less costs to sell is determined using discounted cash flow
projections, the following information shall also be disclosed:
a) the period over which management has projected cash flows; IAS 36 -
134(e)(iii)
b) the growth rate used to extrapolate cash flow projections; IAS 36 - 134(e)(iv)
c) the discount rate(s) applied to the key assumptions. IAS 36 - 134(e)(v)
16 Fair value less costs of disposal determined by using discounted cash

flows
If fair value less costs of disposal is determined using discounted cash
flow projections, the following information shall also be disclosed:
a) the period over which management has projected cash flows; IAS 36 -
(134)(e)(iii)
b) the growth rate used to extrapolate cash flow projections; IAS 36 - (134)(e)
(iv)
c) the discount rate(s) applied to the cash flow projections IAS 36 - (134)(e)
(v)
17 Sensitivity of changes in assumptions on recoverable amount
If:· the carrying amount of goodwill or intangible assets with indefinite
or intangible assets with indefinite useful lives; and· a reasonably possible
change in a key assumption on which management has based its
determination of the unit's (group of units') recoverable amount would
cause the units' (group of units') carrying amount to exceed its
recoverable amount
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(a) the amount by which the unit's (group of units') recoverable amount IAS 36 - 134(f)
exceeds its carrying amount;
(b) the value assigned to the key assumption; IAS 36 - 134(f)
(c) the amount by which the value assigned to the key assumption must IAS 36 - 134(f)
change, after incorporating any consequential effects of that change on
the other variables used to measure recoverable amount, in order for the
unit's (group of units') recoverable amount to be equal to its carrying
amount.
18 Allocation of g/w and intangibles with indefinite lives insignificant

If
· the carrying amount of goodwill or intangible assets with indefinite useful
lives is allocated across multiple cash- generating units (groups of units);
and
· the amount so allocated to each unit (group of units) is not significant in
assets with indefinite useful lives, disclose:
(b) the aggregate carrying amount of goodwill and intangible assets with IAS 36 - 135
indefinite useful lives allocated to those units (groups of units).
19 Allocation of g/w and intangibles with indefinite lives insignificant

If:· the carrying amount of goodwill or intangible assets with indefinite
useful lives is allocated across multiple cash-generating units (groups of
units);
· the amount so allocated to each unit (group of units) is not significant in
assets with indefinite useful lives, and
· the recoverable amounts of any of those units (groups of units) are
based on the same key assumptions disclose:
(b) the aggregate carrying amount of goodwill allocated to those units IAS 36 - 135(a)
(groups of units);
(c) the aggregate carrying amount of intangible assets with indefinite IAS 36 - 135(b)
useful lives allocated to those units;
(d) a description of the key assumption(s); IAS 36 - 135(c)
(e) a description of management's approach to determining the value(s) IAS 36 - 135(d)

assigned to the key assumption(s);
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(f) whether those value(s) reflect past experience or, if appropriate, are IAS 36 - 135(d)
(g) if the key assumptions differ from past experience or external sources IAS 36 - 135(d)
of information, how and why they differ;
20 Allocation of g/w and intangibles with indefinite lives insignificant(h) if a

reasonably possible change in the key assumption(s) would cause the
aggregate of the units' (group of units') carrying amounts to exceed the
aggregate of their recoverable amounts:
(i) the amount by which the aggregate of the unit's (group of units') IAS 36 - 135(e)
recoverable amounts exceeds the aggregate of their carrying amounts;
(ii) the values assigned to the key assumptions; IAS 36 - 135(e)
(iii) the amount by which the value assigned to the key assumption(s) IAS 36 - 135(e)
must change, after incorporating any consequential effects of the change
on the other variables used to measure recoverable amount, in order for
the aggregate of the units' (group of units') recoverable amounts to be
equal to the aggregate of their carrying amounts.
Intangible assets
21 Intangible assets - carrying amounts IAS 38 - 118(c)

For each class of intangible asset, distinguishing between internally
generated intangible assets (such as capitalised development costs) and
other intangible assets, disclose the gross carrying amount and the
accumulated amortisation (aggregated with accumulated impairment
losses) at the beginning and end of the period.
22 Intangible assets - reconciliation IAS38

For each class of intangible asset, distinguishing between internally
generated intangible assets (such as capitalised development costs) and
other intangible assets, disclose a reconciliation of the carrying amount at
the beginning and end of the period showing:
(a) additions, indicating separately those from internal development, those IAS 38 - 118(e)
acquired separately, and those acquired through business combinations;
(b) assets classified as held for sale or included in a disposal group IAS 38 - 118(e)
classified as held for sale in accordance with IFRS 5 and other disposals
(c) increases or decreases during the period resulting from revaluations IAS 38 - 118(e)
and from impairment losses recognised or reversed directly in equity in
accordance with IAS 36 (Impairment of assets);
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(d) impairment losses recognised in profit or loss during the period in IAS 38 - 118(e)
accordance with IAS 36;
(e) impairment losses reversed in profit or loss during the period in IAS 38 - 118(e)
accordance with IAS 36;
(f) amortisation recognised during the period; IAS 38 - 118(e)
(g) net exchange differences arising on the translation of the financial IAS 38 - 118(e)
statements into the presentation currency, and on the translation of a
foreign operation into the presentation currency of the entity;
(h) other changes in the carrying amount during the period. IAS 38 - 118(e)
23 Material intangible assets IAS38

For any individual intangible asset that is material to the entity's financial
statements disclose:
(a) a description of the intangible asset; IAS 38 - 122(b)
(b) the carrying amount of the intangible asset; IAS 38 - 122(b)
(c) remaining amortisation period of the intangible asset. IAS 38 - 122(b)
24 Intangible assets acquired by government grant IAS 38 - 111

For intangible assets acquired by way of a government grant and initially
recognised at fair value, disclose:
(a) the fair value initially recognised for these assets; IAS 38 - 122(c)
(b) their carrying amount; IAS 38 - 122(c)
(c) whether they are measured after recognition under the cost model or IAS 38 - 122(c)
the revaluation model.
25 Intangible assets pledged as security IAS 38 - 122(d)

Disclose the existence and carrying amounts of intangible assets whose
title is restricted and the carrying amounts of intangible assets pledged as
security for liabilities.
26 Commitments to acquire intangible assets IAS 38 - 122(e)

Disclose the amount of contractual commitments for the acquisition of
intangible assets.
27 Revalued intangible assets IAS38

If intangible assets are accounted for at revalued amounts, disclose:
(a) by class of intangible asset; IAS 38 - 124(a)

(i) the effective date of the revaluation;
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(ii) the carrying amount of revalued intangible assets; IAS 38 - 124(a)
(iii) the carrying amount that would have been recognised had the IAS 38 - 124(a)
revalued class of intangible assets been measured after recognition using
the cost model;
(b) the amount of the revaluation surplus that relates to intangible assets IAS 38 - 124(b)
at the beginning and end of the period, indicating the changes during the
period and any restrictions on the distribution of the balance to
shareholders.
28 Revalued intangible assets IAS38

If intangible assets are accounted for at revalued amounts, disclose (in
addition to the disclosures required by IFRS 13 Fair Value Measurement):
(a) by class of intangible asset; IAS 38 - (124)

(i) the effective date of the revaluation; (a)(i)
(ii) the carrying amount of revalued intangible assets; IAS 38 - (124)

(a)(ii)
(iii) the carrying amount that would have been recognised had the IAS 38 - (124)
revalued class of intangible assets been measured after recognition using (a)(iii)
the cost model;
(b) the amount of the revaluation surplus that relates to intangible assets IAS 38 - (124)
at the beginning and end of the period, indicating the changes during the (b)
period and any restrictions on the distribution of the balance to
shareholders.
29 Intangible assets - voluntary disclosures IAS38

An entity is ENCOURAGED, but not required, to disclose:
(a) a description of any fully amortised intangible asset that is still in use; IAS 38 - 128(a)
(b) a brief description of significant intangible assets controlled by the IAS 38 - 128(b)
entity, but not recognised as assets because they did not meet the
recognition criteria in IAS 38 (revised 2004) or because they were
acquired or generated before the version of IAS 38 'Intangible assets'
issued in 1998 was effective
30 Goodwill(a) Disclose a reconciliation of the carrying amount of goodwill at

the beginning and end of the reporting period showing separately:
(i) the gross amount and accumulated impairment losses at the beginning IFRS 3 (2008)
of the reporting period. - 67(d)(i)
(ii) additional goodwill recognised during the reporting period (except IFRS 3 (2008)
goodwill included in a disposal group that, on acquisition, meets the - 67(d)(ii)
criteria to be classified as held for sale in accordance with IFRS 5 Non-
current Assets Held for Sale and Discontinued Operations).
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(iii) adjustments resulting from the subsequent recognition of deferred tax IFRS 3 (2008)
assets during the reporting period (in accordance with paragraph IFRS - 67(d)(iii)
3(2008) paragraph 67 .
(iv) goodwill included in a disposal group classified as held for sale in IFRS 3 (2008)
accordance with IFRS 5 and goodwill derecognised during the reporting - 67(d)(iv)
period without having previously been included in a disposal group
classified as held for sale.
(v) impairment losses recognised during the reporting period in IFRS 3 (2008)
accordance with IAS 36. (IAS 36 requires disclosure of information about - 67(d)(v)
the recoverable amount and impairment of goodwill in addition to this
requirement.)
(vi) net exchange rate differences arising during the reporting period in IFRS 3 (2008)
accordance with IAS 21 The Effects of Changes in Foreign Exchange - 67(d)(vi)
Rates.
(vii) any other changes in the carrying amount during the reporting period. IFRS 3 (2008)
- 67(d)(vii)
(viii) the gross amount and accumulated impairment losses at the end of IFRS 3 (2008)
the reporting period. - 67(d)(viii)
(b) Where the specific disclosures required by IFRS 3 and other IFRSs do IFRS 3 (2008)
not meet the objectives set out in those standards then disclose whatever - 63
additional information necessary to enable users of the financial
statements to evaluate the changes in the carrying amount of goodwill
during the period.
Property, plant & equipment
31 Property, plant & equipment - Carrying amounts Disclose for each class IAS 16 - 73(d)
of property, plant and equipment the gross carrying amount and
accumulated depreciation (aggregated with accumulated impairment
32 Property, plant & equipment IAS 16 - 60(e)

Disclose for each class of property, plant and equipment a reconciliation
of the carrying amount at the beginning and end of the period, showing:
(a) additions; IAS 16 - 73(e)
(b) assets classified as held for sale or included in a disposal group IAS 16 - 73(e)
classified as held for sale in accordance with IFRS 5 and other disposals;
(c) acquisitions through business combinations; IAS 16 - 73(e)
(d) increases or decreases resulting from revaluations and from IAS 16 - 73(e)
impairment losses recognised or reversed directly in equity in accordance
with IAS 36;
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(e) impairment losses recognised in profit or loss in accordance with IAS IAS 16 - 73(e)
36;
(f) impairment losses reversed in accordance with IAS 36; IAS 16 - 73(e)
(g) depreciation; IAS 16 - 73(e)
(h) net exchange differences arising on the retranslation of the financial IAS 16 - 73(e)
statements from the functional currency into a different presentation
currency, including the translation of a foreign operation into the
presentation currency of the reporting entity;
(i) other changes. IAS 16 - 73(e)
33 Property, plant and equipment - Security for liabilities Disclose the IAS 16 - 74(a)
existence and amounts of restrictions on title, and property, plant and
equipment pledged as security for liabilities.
34 Property, plant and equipment in the course of construction IAS 16 - 74(b)

Disclose the amount of expenditures recognised in the carrying amount of
an item of property, plant and equipment in the course of its construction
35 Contractual commitments IAS 16 - 74(c)

property, plant and equipment.
36 Revalued items of property, plant and equipment IAS 16 - 77

If items of property, plant and equipment are stated at revalued amounts,
disclose:
(a) the effective date of the revaluation; IAS 16 - 77(a)
(b) whether an independent valuer was involved; IAS 16 - 77(b)
(c) the methods and significant assumptions applied in estimating the IAS 16 - 77(c)
items' fair values;
(d) the extent to which the items' fair values were obtained directly by IAS 16 - 77(d)
reference to observable prices in an active market or recent market
transactions on arm's length terms or were estimated using other
valuation techniques;
(e) for each revalued class of property, plant and equipment, the carrying IAS 16 - 77(e)
amount that would have been recognised had the assets been carried
under the cost model
37 Revalued items of property, plant and equipment

If items of property, plant and equipment are stated at revalued amounts,
disclose (in addition to the disclosures required by IFRS 13 Fair Value
Measurement):
(a) the effective date of the revaluation; IAS 16 - (77)(a)
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(b) whether an independent valuer was involved; IAS 16 - (77)(b)
(c) for each revalued class of property, plant and equipment, the carrying IAS 16 - (77)(e)
under the cost model
38 Additional disclosures
Disclosure of the following may be useful
(a) carrying amount of temporary idle property, plant and equipment; IAS 16 - 79(a)
(b) gross carrying amount of any fully depreciated property, plant and IAS 16 - 79(b)
equipment that is still in use;
(c) carrying amount of property, plant and equipment retired from active IAS 16 - 79(c)
use and not classified as held for sale in accordance with IFRS 5
(d) when the cost model is used, the fair value of property, plant and IAS 16 - 79(d)
equipment when this is materially different from the carrying amount.
Exploration and evaluation
39 Exploration for and evaluation of mineral resources

In respect of the exploration for and evaluation of mineral resources
disclose:
(a) amount of assets; IFRS 6 - 24(b)
(b) amount of liabilities; IFRS 6 - 24(b)
(c) income; and IFRS 6 - 24(b)
(d) expense. IFRS 6 - 24(b)
40 Exploration and evaluation assets – tangible assets Where exploration IFRS 6 - 25

and evaluation assets are treated as tangible assets have they been
shown as a separate class of assets?
41 Exploration and evaluation assets – tangible assets Disclose for

exploration and evaluation assets classified as tangible assets:
(a) measurement basis for the gross carrying amount; IAS 16 - 73(a)
(b) depreciation methods used; IAS 16 - 73(b)
(c) useful lives of the depreciation rates used; IAS 16 - 73(c)

(d) gross carrying amount at the beginning and end of the period; and IAS 16 - 73(d)
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(e) accumulated depreciation (aggregated with accumulated impairment IAS 16 - 73(d)

42 Exploration and evaluation assets – tangible assets Disclose for

exploration and evaluation assets classified as tangible assets a
reconciliation of the carrying amount at the beginning and end of the
period showing:
(a) additions; IAS 16 - 73(e)(i)
(b) assets classified as held for sale or included in a disposal group IAS 16 -
classified as held for sale in accordance with IFRS 5 and other disposals; 73(e)(ii)
(c) acquisitions through business combinations; IAS 16 -

73(e)(iii)
(d) increases or decreases resulting from revaluations recognised or IAS 16 -

reversed directly in equity; 73(e)(iv)
(e) impairment losses recognised in profit or loss in accordance with IAS IAS 16 - 73(e)(v)
36;
(f) impairment losses reversed in accordance with IAS 36; IAS 16 -

73(e)(vi)
(g) depreciation; IAS 16 -

73(e)(vii)
(h) net exchange differences arising on the retranslation of the financial IAS 16 -
statements from the functional currency into a different presentation 73(e)(viii)
currency, including the translation of a foreign operation into the
presentation currency of the reporting entity; and
(i) other changes. IAS 16 -

73(e)(ix)
43 Existence, amounts and restrictions on title on exploration and evaluation IAS 16 - 74(a)
assets - tangible assets
Disclose the existence and amounts of restrictions on title, and
exploration and evaluation assets pledged as security for liabilities.
44 Exploration and evaluation assets in the course of construction - tangible IAS 16 - 74(b)
assets
Disclose the amount of expenditures recognised in the carrying amount of
an item of exploration and evaluation assets in the course of its
construction.
45 Contractual commitments respect of exploration and evaluation assets - IAS 16 - 74(c)

tangible assets
exploration and evaluation assets.
Y-NM-NA Comments
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46 Compensation received in respect of exploration and evaluation assets - IAS 16 - 74(d)

tangible assets
If it is not presented separately on the face of the income statement,
disclose the amount of compensation from third parties for items of
exploration and evaluation assets that were impaired, lost or given up that
is included in profit or loss.
47 Depn of exploration and evaluation tangibles recognised as part of cost of IAS 16 - 75

intangible
Disclose:
(a) amount of depreciation capitalised as part of the cost of other assets IAS 16 - 75(a)
and the amount recognised in profit or loss during a period; and
(b) accumulated depreciation at the end of the period. IAS 16 - 75(b)
48 Changes in accounting estimates in respect of exploration and evaluation

assets - tangible assets
For changes in accounting estimates arising for example from:
(a) residual values; IAS 16 - 76
(b) the estimated costs of dismantling, removing or restoring exploration IAS 16 - 76

and evaluation assets;
(c) useful lives; and IAS 16 - 76
(d) depreciation methods. IAS 16 - 76
49 Nature and amount of change in accounting estimate Disclose: IAS 16 - 76
(a) Nature and amount of a change in an accounting estimate that has an IAS 8 - 39
effect in the current period or is expected to have an effect in future
periods, except for the disclosure effect in future periods when it is
impractical to estimate that effect; and
(b) If the amount of the effect in future periods is not disclosed because IAS 8 - 40
estimating is impractical, then disclose that fact.
50 Revalued items of exploration and evaluation assets - tangible assets

If items of exploration and evaluation assets are stated at revalued
amounts, disclose:
(a) the effective date of the revaluation; IAS 16 - 77(a)
(b) whether an independent valuer was involved; IAS 16 - 77(b)
(c) the methods and significant assumptions applied in estimating the IAS 16 - 77(c)
items’ fair values;
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(d) the extent to which the items’ fair values were obtained directly by IAS 16 - 77(d)
reference to observable prices in an active market or recent market
transactions on arm’s length terms or were estimated using other
valuation techniques;
(e) for each revalued class of property. Plant and equipment, the carrying IAS 16 - 77(e)
under the cost model; and
(f) the revaluation surplus, indicating the change for the period and any IAS 16 - 77(f)
restrictions on the distribution of the balance to shareholders.
51 Revalued items of exploration and evaluation assets - tangible assets

If items of exploration and evaluation assets are stated at revalued
amounts, disclose (in addition to the disclosures required by IFRS 13 Fair
Value Measurement):
(a) the effective date of the revaluation; IAS 16 - (77)(a)
(b) whether an independent valuer was involved; IAS 16 - (77)(b)
(c) for each revalued class of property. Plant and equipment, the carrying IAS 16 - (77)(e)
under the cost model; and
(d) the revaluation surplus, indicating the change for the period and any IAS 16 - (77)(f)
restrictions on the distribution of the balance to shareholders.
52 Voluntary disclosures re tangible assets arising from exploration &

evaluation of mineral resources
An entity is ENCOURAGED, but not required, to disclose a description of
the following:
(a) the carrying amount of temporarily idle exploration and evaluation IAS 16 - 79(a)
assets;
(b) the gross carrying amount of fully depreciated exploration and IAS 16 - 79(b)
evaluation assets;
(c) the carrying amount of exploration and evaluation assets retired from IAS 16 - 79(c)
active use and not classified as held for sale in accordance with IFRS 5;
and
(d) when the cost model is used, the fair value of exploration and IAS 16 - 79(d)
evaluation assets when it is materially different from the carrying amount.
53 Exploration and evaluation assets - intangible assets Where exploration IFRS 6 - 25
and evaluation assets are treated as intangible assets have they been
shown as a separate class of assets?
Y-NM-NA Comments
Sources
54 Changes in estimates re intangible assets arising from exploration &

evaluation of mineral resources
For changes in accounting estimates arising for example from:
(a) the assessment of an intangible asset's useful life; and IAS 38 - 121(a)
(b) the amortisation method; and IAS 38 - 121(b)
(c) residual values. IAS 38 - 121(c)
55 Nature and amount of a change in an accounting estimate Disclose:
(a) Disclose nature and amount of a change in an accounting estimate IAS 8 - 39

that has an effect in the current period or is expected to have an effect in
future periods, except for the disclosure effect in future periods when it is
impractical to estimate that effect
(b) If the amount of the effect in future periods is not disclosed because IAS 8 - 40
estimating is impractical, then disclose that fact.
56 Changes in policy re exploration of mineral resources with indefinite lives - IFRS 6 - 27

intangible assets
If it is impracticable to apply the recognition and measurement criteria to
comparative information that relates to annual periods beginning before 1
January 2006 then this fact should be disclosed.
57 Rights to interests arising from decommissioning, restoration and IFRIC 5 - 5 11

environmental rehabilitation funds
A contributor shall disclose the nature of its interest in a fund and any
restrictions on access to the assets in the fund.
58 When a contributor has an obligation to make potential additional IFRIC 5 - 5 12

contributions that is not recognised as a liability
, give the disclosures required by IAS 37 paragraph 86.
59 When a contributor accounts for its interest in the fund in accordance with IFRIC 5 - 5 13
paragraph 9, give the disclosures required by IAS 37 paragraph 85(c).
Investment properties
60 Investment properties
For investment properties disclose:
(a) the methods and significant assumptions applied in determining the IAS 40 - 75(d)
fair value of investment property (as measured or disclosed in the
financial statements) including a statement whether the determination of
fair value was supported by market evidence or was more heavily based
on other factors (which the entity should disclose) because of the nature
of the property and lack of comparable market data;
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(b) the extent to which the fair value of investment property (as measured IAS 40 - 75(e)
or disclosed in the financial statements) is based on a valuation by an
independent valuer who holds a recognised and relevant professional
qualification and has recent experience in the location and category of the
investment property being valued. If there has been no such valuation,
that fact should be disclosed;
(c) the existence and amounts of restrictions on the realisability of IAS 40 - 75(g)
investment property or the remittance of income and proceeds of
disposal;
(d) contractual obligations to purchase, construct or develop investment IAS 40 - 75(h)

property for repairs, maintenance or enhancements.
61 Investment properties
For investment properties disclose (in addition to those disclosures
required by IFRS 13 Fair Value Measurement):
(a) the extent to which the fair value of investment property (as measured IAS 40 - (75)(e)
or disclosed in the financial statements) is based on a valuation by an
independent valuer who holds a recognised and relevant professional
qualification and has recent experience in the location and category of the
investment property being valued. If there has been no such valuation,
that fact should be disclosed;
(b) the existence and amounts of restrictions on the realisability of IAS 40 - (75)(g)
investment property or the remittance of income and proceeds of
disposal;
(c) contractual obligations to purchase, construct or develop investment IAS 40 - (75)(h)

property for repairs, maintenance or enhancements.
62 Investment property - Fair value model

Disclose a reconciliation between the carrying amount of investment
property at the beginning and end of the period showing the following:
(a) additions, disclosing separately those additions resulting from IAS 40 - 76(a)
acquisitions and those resulting from subsequent expenditure recognised
in the carrying amount of an asset;
(b) additions resulting from acquisitions through business combinations; IAS 40 - 76(b)
(c) assets classified as held for sale or included in a disposal group IAS 40 - 76(c)
classified as held for sale in accordance with IFRS 5 and other disposals
(d) net gains or losses from fair value adjustments; IAS 40 - 76(d)
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(e) the net exchange differences arising on the translation of the financial IAS 40 - 76(e)
statements into a different presentation currency, and on translation of a
foreign operation into the presentation currency of the reporting entity;
(f) transfers to and from inventories and owner-occupied property; IAS 40 - 76(f)
(g) other changes IAS 40 - 76(g)
63 Investment property - fair value model IAS 40 - 78

In the exceptional cases where an entity measures investment property
using the cost model in IAS 16 (because of the lack of a reliable fair
value) disclose:
(a) in the reconciliation of movements on investment property amounts IAS 40 - 78

relating to that investment property separately from amounts relating to
other investment property.
(b) a description of the investment property; IAS 40 - 78(a)
(c) an explanation of why fair value cannot be determined reliably; IAS 40 - 78(b)
(ca) an explanation of why fair value cannot be measured reliably; IAS 40 - (78)(b)
(d) if possible, the range of estimates within which fair value is highly likely IAS 40 - 78(c)
to lie;
(e) on disposal of investment property not carried at fair value: IAS 40 - 78(d)
(i) The fact that the entity has disposed of investment property not carried
at fair value;
(ii) The carrying amount of that investment property at the time of sale; IAS 40 - 78(d)
(iii) The amount of gain or loss recognised. IAS 40 - 78(d)

64 Double-counting of assets within investment property valuations IAS 40 - 77
When a valuation obtained for investment property is adjusted
significantly for the purpose of the financial statements, for example to
avoid double-counting of assets or liabilities that are recognised as
separate assets and liabilities, disclose a reconciliation between the
valuation obtained and the adjusted valuation included in the financial
statements, showing separately the aggregate amount of any recognised
lease obligations that have been added back, and any other significant
adjustments
65 Investment Property - Cost model

In respect of investment property disclose:
(a) the gross carrying amount and the accumulated depreciation IAS 40 - 9(c)
(aggregated with accumulated impairment losses) at the beginning and
end of the period;
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(b) a reconciliation of the carrying amount of investment property at the IAS 40 - 79(d)
beginning and end of the period showing the following
(i) additions, disclosing separately those additions resulting from
acquisitions and those resulting from subsequent expenditure recognised
as an asset;
(ii) additions resulting from acquisitions through business combinations; IAS 40 - 79(d)
(iii) assets classified as held for sale or included in a disposal group IAS 40 - 79(d)
classified as held for sale in accordance with IFRS 5 and other disposals;
(iv) depreciation; IAS 40 - 79(d)
(v) the amount of impairment losses recognised, and the amount of IAS 40 - 79(d)
impairment losses reversed, during the period in accordance with IAS 36;
(vi) the net exchange differences arising on the translation of the financial IAS 40 - 79(d)
statements into a different presentation currency, and on translation of a
foreign operation into the presentation currency of the reporting entity;
(vii) transfers to and from inventories and owner- occupied property; IAS 40 - 79(d)
(viii) other changes; IAS 40 - 79(d)
(c) the fair value of investment property. IAS 40 - 79(e)
In the exceptional cases when an entity cannot determine the fair value of IAS 40 - 79(e)
the investment property reliably, disclose:
(i) a description of the investment property;
(ii) an explanation of why fair value cannot be reliably measured; IAS 40 - 79(e)
(iia) an explanation of why fair value cannot be reliably measured; IAS 40 - (79)(e)
(iii) if possible, the range of estimates within which fair value is highly IAS 40 - 79(e)
likely to lie.
66 Understanding composition of group IFRS 12 -

Disclose information that enables users of its consolidated financial (10) (a)(i)
statements to UNDERSTAND the composition of the group.
67 Separate presentation of information

An entity shall present information separately for interests in:
(a) subsidiaries; IFRS 12 - B4(a)

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(b) joint ventures; IFRS 12 - B4(b)
(c) joint operations; IFRS 12 - B4(c)
(d) associates; and IFRS 12 - B4(d)
(e) unconsolidated structured entities. IFRS 12 - B4(e)
68 Aggregation of interests in similar entity IFRS 12 - (4)

Disclose how the entity has aggregated its interests in similar entities (as
noted in question 4.7.1A.1 above). Note 1: An entity may aggregate the
disclosures required by IFRS 12 for interests in similar entities if
aggregation is consistent with the disclosure objective and the
requirements in question 4.7.1A.1 above.
Note 2: An entity shall aggregate or disaggregate disclosures so that
useful information is not obscured by either the inclusion of a large
amount of insignificant detail or the aggregation of items that have
different characteristics.
69 Consolidation - significant judgements and assumptions Disclose IFRS 12 - (7)(a)

information about significant judgements and assumptions it has made
(and changes to those judgements and assumptions) in determining that
it has control of another entity, ie an investee (as described in paragraphs
5 and 6 of IFRS 10 Consolidated Financial Statements).
70 Consolidation - significant judgements and assumptions To comply with

the requirements of question 4.7.1A.3 above, an entity shall disclose, for
example, significant judgements and assumptions made in determining
that:
(a) it controls another entity even though it holds less than half of the IFRS 12 - (9)(b)
voting rights of the other entity.
(b) it is an agent or a principal. IFRS 12 - (9)(c)
(c) it does not have significant influence even though it holds 20 per cent IFRS 12 - (9)(d)
or more of the voting rights of another entity.
71 Consolidation - subsidiary financial statements with different reporting

period
When the financial statements of a subsidiary used in the preparation of
consolidated financial statements are as of a date or for a period that is
different from that of the consolidated financial statements, disclose:
(a) the date of the end of the reporting period of the financial statements IFRS 12 - (11)(a)
of that subsidiary; and
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(b) the reason for using a different date or period. IFRS 12 - (11)(b)
72 Consolidation - Understanding non-controlling interests Disclose IFRS 12 -

information that enables users of its consolidated financial statements to (10) (a)(ii)
UNDERSTAND the interest that non-controlling interests have in the
group’s activities and cash flows.
73 Consolidation - subsidiaries that have a material non- controlling interest

Disclose for each of its subsidiaries that have non- controlling interests
that are material to the reporting entity:
(a) the name of the subsidiary. IFRS 12 - (12)(a)
(b) the principal place of business (and country of incorporation if different IFRS 12 - (12)(b)
from the principal place of business) of the subsidiary.
(c) the proportion of ownership interests held by non- controlling interests. IFRS 12 - (12)(c)
(d) the proportion of voting rights held by non-controlling interests, if IFRS 12 - (12)(d)
different from the proportion of ownership interests held.
(e) the profit or loss allocated to non-controlling interests of the subsidiary IFRS 12 - (12)(e)
during the reporting period.
(f) accumulated non-controlling interests of the subsidiary at the end of IFRS 12 - (12)(f)
the reporting period.
(g) dividends paid to non-controlling interests. IFRS 12 - B10(a)

IFRS 12 - (12)(g)
(h) For each subsidiary that has non-controlling interests that are material IFRS 12 - B11 IFRS
to the reporting entity disclose: 12 - B10(b) IFRS 12
Note 1: This summarised information shall be the amounts before inter- - (12)(g)
company eliminations
Note 2: When an entity’s interest in a subsidiary is classified as held for
sale in accordance with IFRS 5 Non- current Assets Held for Sale and
Discontinued Operations, the entity is not required to disclose
summarised financial information for that subsidiary in accordance with
paragraphs B10–B16 of IFRS 12.(i) Assets .
(ii) Liabilities . IFRS 12 - (12)(g)
IFRS 12 - B10(b)
IFRS 12 - B11
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(iii) Profit or loss . IFRS 12 - B11 IFRS

12 - (12)(g) IFRS 12
- B10(b)
(iv) Cash flows . IFRS 12 - B10(b)

IFRS 12 - B11 IFRS
12 - (12)(g)
74 Consolidation - Evaluation and extent of restrictions Disclose information IFRS 12 -

that enables users of its consolidated financial statements to EVALUATE (10) (b)(i)
the nature and extent of significant restrictions on its ability to access or
use assets, and settle liabilities, of the group.
75 Consolidation - the nature and extent of significant restrictions

Disclose:
(a) significant restrictions on its ability to access or use the assets and IFRS 12 - (13)(a)(i)
settle the liabilities of the group, such as:(i) those that restrict the ability of
a parent or its subsidiaries to transfer cash or other assets to (or from)
other entities within the group.
(ii) guarantees or other requirements that may restrict dividends and other IFRS 12 - (13)(a)(ii)
capital distributions being paid, or loans and advances being made or
repaid, to (or from) other entities within the group.
(b) the nature and extent to which protective rights of non- controlling IFRS 12 - (13)(b)
interests can significantly restrict the entity’s ability to access or use the
assets and settle the liabilities of the group (such as when a parent is
obliged to settle liabilities of a subsidiary before settling its own liabilities,
or approval of non-controlling interests is required either to access the
assets or to settle the liabilities of a subsidiary).
(c) the carrying amounts in the consolidated financial statements of the IFRS 12 - (13)(c)
assets and liabilities to which those restrictions apply.
76 Consolidation - Evaluation of Changes in ownership interests no loss of IFRS 12 -

control (10) (b)(iii)
Disclose information that enables users of its consolidated financial
statements to EVALUATE the consequences of changes in its ownership
interest in a subsidiary that do not result in a loss of control.
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77 Consolidation - Consequences of changes in ownership interests no loss IFRS 12 -

of control (18)
An entity shall present a schedule that shows the effects on the equity
attributable to owners of the parent of any changes in its ownership
interest in a subsidiary that do not result in a loss of control.
78 Consolidation - Evaluation of consequences of losing control of a IFRS 12 -

subsidiary (10) (b)(iv)
Disclose information that enables users of its consolidated financial
statements to EVALUATE the consequences of losing control of a
subsidiary during the reporting period.
79 Consolidation - Consequences of losing control of a subsidiary

Disclose:
(a) the gain or loss, if any . IFRS 12 -

(19)
(b) the portion of that gain or loss attributable to measuring any IFRS 12 - (19)(a)
investment retained in the former subsidiary at its fair value at the date
when control is lost; and
(c) the line item(s) in profit or loss in which the gain or loss is recognised IFRS 12 - (19)(b)
(if not presented separately).
80 Subsidiaries - additional disclosure to meet disclosure objective IFRS 12 - (3)

If the disclosures required by this IFRS, together with disclosures required
by other IFRSs, do not meet the objective in paragraph 1 of IFRS 12 , an
entity shall disclose whatever additional information is necessary to meet
that objective.
81 Consolidated structured entities - Evaluation of changes in risks IFRS 12 -

Disclose information that enables users of its consolidated financial (10) (b)(ii)
statements to EVALUATE the nature of, and changes in, the risks
associated with its interests in consolidated structured entities.
82 Consolidated structured entities - contracts that could require financial

support
Disclose:
(a) the terms of any contractual arrangements that could require the IFRS 12 -
parent or its subsidiaries to provide financial support to a consolidated (14)
structured entity.
(b) Events or circumstances that could expose the reporting entity to a IFRS 12 -
loss (eg liquidity arrangements or credit rating triggers associated with (14)
obligations to purchase assets of the structured entity or provide financial
support).
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83 Consolidated structured entities - financial or other support from parent or

subsidiaries
If during the reporting period a parent or any of its subsidiaries has,
without having a contractual obligation to do so, provided financial or
other support to a consolidated structured entity (eg purchasing assets of
or instruments issued by the structured entity), disclose:
(a) the type and amount of support provided, including situations in which IFRS 12 - (15)(a)
the parent or its subsidiaries assisted the structured entity in obtaining
financial support; and
(b) the reasons for providing the support. IFRS 12 - (15)(b)
84 Consolidated structured entities - financial or other support leading to IFRS 12 -

consolidation (16)
If during the reporting period a parent or any of its subsidiaries has,
without having a contractual obligation to do so, provided financial or
other support to a previously unconsolidated structured entity and that
provision of support resulted in the entity controlling the structured entity,
disclose an explanation of the relevant factors in reaching that decision.
85 Consolidated structured entities - intentions to provide financial or other IFRS 12 -

support (17)
Disclose any current intentions to provide financial or other support to a
consolidated structured entity, including intentions to assist the structured
entity in obtaining financial support.
86 Consolidated Structured entities - additional disclosure to meet disclosure IFRS 12 - (3)

objective
that objective.
87 Initial Application of IFRS 10 Consolidated Financial Statements IFRS 10 - C4

Where the initial application of IFRS 10 Consolidated Financial
Statements resulted in consolidation of an investee for the first time has
the investor provided comparative information and disclosures in
accordance with IAS 8 - Accounting Policies, Changes in Accounting
Estimates and Errors?
88 Initial Application of IFRS 10 Consolidated Financial Statements IFRS 10 - C5
Where the initial application of IFRS 10 Consolidated Financial
Statements resulted in no longer consolidating an investee that was
previously consolidated under either IAS 27 (as amended in 2008) or SIC
12 has the investor provided comparative information and disclosures in
accordance with IAS 8 - Accounting Policies, Changes in Accounting
Estimates and Errors?
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89 Impracticability of IFRS 10 Transitional Arrangements? Where it was IFRS 10 - C4

impracticable to apply certain of the transitional requirements of IFRS 10
Consolidated Financial Statements when consolidating an investee for
the first time have the required disclosures in accordance with IAS 8 -
Accounting Policies, Changes in Accounting Estimates and Errors
included ?
90 Investment entity - significant judgements and assumptions IFRS 12 -

Disclose information about the significant judgements and assumptions 9AIFRS 12 -
that have been made when determining that the entity met the definition 2(a)(iii)
of an investment entity.
91 Investment entity - not having one or more typical characteristics IFRS 12 - 9A

If the investment entity does not have one or more of the typical
characteristics of an investment entity it shall disclose its reasons for
concluding that it is nevertheless an investment entity.
92 Investment entity - became investment entity during period

In respect of the entity which became an investment entity during the
period disclose:
(a) that change of investment entity status; IFRS 12 - 9B
(b) the reasons for that change; and IFRS 12 - 9B
(c) the effect of the change of status on the financial statements for the IFRS 12 - 9B(a)
period presented including:(i) the total fair value, as of the date of change IFRS 12 - 9B
of status, of the subsidiaries that cease to be consolidated;
(ii) the total gain or loss (if any calculated as in accordance with IFRS 12 - 9B(b)
paragraph B101 of IFRS 10 ; and IFRS 12 - 9B
(iii) the line item(s) in profit or loss in which the gain or loss is recognised IFRS 12 - 9B(b)
(if not presented separately). IFRS 12 - 9B
93 Investment entity - investment entity status ceased during period

In respect of the entity which ceased to be an investment entity during the
period disclose:
(i) that change of investment entity status; and IFRS 12 - 9B
(ii) the reasons for that change. IFRS 12 - 9B

94 Investment entity - application of exception to consolidation IFRS 12 - 19A
Disclose the fact that the entity has accounted for its investment in a
subsidiary at fair value through profit or loss.
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95 Investment entity - information on unconsolidated subsidiaries

For each unconsolidated subsidiary, an investment entity shall disclose:
(a) the subsidiary’s name; IFRS 12 - 19B(a)
(b) the principal place of business (and country of incorporation if IFRS 12 - 19B(b)
different from the principal place of business) of the subsidiary; and
(c) the proportion of ownership interest held by the investment entity and, IFRS 12 - 19B(c)
if different, the proportion of voting rights held; and
(d) the proportion of voting rights held (if different to (c)). IFRS 12 - 19B(c)
96 Investment entity - information on unconsolidated subsidiaries - parent of

investment entity
For each unconsolidated subsidiary which is controlled by the investment
entity subsidiary disclose:
Note: These disclosures may be provided by including, in the financial
statements of the parent, the financial statements of the subsidiary (or
subsidiaries) that contain the information.
(a) the subsidiary’s name; IFRS 12 -

19CIFRS 12 -
19B(a)
(b) the principal place of business (and country of incorporation if IFRS 12 - 19B(b)
different from the principal place of business) of the subsidiary; and IFRS 12 - 19C
(c) the proportion of ownership interest held by the investment entity and, IFRS 12 - 19B(c)
if different, the proportion of voting rights held. IFRS 12 - 19C
(d) the proportion of voting rights held (if different to (c)). IFRS 12 -
19CIFRS 12 -
19B(c)
97 Investment entity - Nature and extent of any significant restrictions

Disclose the nature and extent of any significant restrictions on the ability
of an unconsolidated subsidiary to:
(a) transfer funds to the investment entity in the form of cash dividends; IFRS 12 - 19D(a)
or
(b) to repay loans or advances made to the unconsolidated subsidiary by IFRS 12 - 19D(a)
the investment entity.
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98 Investment entity - commitments or intentions to provide support

Disclose any current commitments or intentions to provide:
(a) financial support to an unconsolidated subsidiary IFRS 12 - 19D(b)
(b) other support to an unconsolidated subsidiary IFRS 12 - 19D(b)
(c) commitments to assist an unconsolidated subsidiary in obtaining IFRS 12 - 19D(b)

financial support
(d) intentions to assist an unconsolidated subsidiary in obtaining financial IFRS 12 - 19D(b)
support
99 Investment entity - provision of financial or other support If, during the
reporting period, an investment entity (or where applicable any of its
subsidiaries) has, without having a contractual obligation to do so, provided
financial or other support disclose:
Note: Examples include purchasing assets of, or instruments issued by, the
subsidiary or assisting the subsidiary in obtaining financial support.
(a) the type and amount of support provided to each unconsolidated IFRS 12 - 19 E(a)
subsidiary; and
(b) the reasons for providing the support to each unconsolidated subsidiary. IFRS 12 - 19 E(a)
100 Investment entity - exposure to loss in respect of unconsolidated controlled IFRS 12 - 19F
structured entity
Disclose the terms of any contractual arrangements that could require the
entity (or where applicable its unconsolidated subsidiaries) to provide
financial support to an unconsolidated, controlled, structured entity.
Note: for example liquidity arrangements or credit rating triggers associated
with obligations to purchase assets of the structured entity or to provide
financial support
101 Investment entity - provision of financial support to unconsolidated IFRS 12 - 9F

controlled structured entity
Disclose the events or circumstances that could expose the reporting entity
to a loss in respect of an unconsolidated, controlled, structured entity.
Note: for example liquidity arrangements or credit rating triggers associated
with obligations to purchase assets of the structured entity or to provide
financial support.
102 Investment entity - provision of financial support to an unconsolidated IFRS 12 - 19G
structured entity
When the there was no contractual obligation to provide support but the
provision of support led to the investment entity controlling an
unconsolidated structured entity (that the investment entity did previously
control) disclose an explanation of the relevant factors in reaching the
decision to provide financial or other support by the investment entity (or
any of its unconsolidated subsidiaries).
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103 Unconsolidated structured entities - nature and extent of interests IFRS 12 - (24)(a)
Disclose information that enables users of its financial statements to
understand the nature and extent of its interests in unconsolidated
structured entities.
104 Unconsolidated structured entities - interests - qualitative and quantitative

disclosure
An entity shall disclose qualitative and quantitative information about its
interests in unconsolidated structured entities, including, but not limited to:
(a) the nature of the structured entity. IFRS 12 -

(25)
(b) the purpose of the structured entity. IFRS 12 -

(25)
(c) the size of the structured entity. IFRS 12 -

(25)
(d) how the structured entity is financed. IFRS 12 -

(25)
105 Unconsolidated structured entities - sponsorship of entity where no interest IFRS 12 - (27)(a)
held
If an entity has sponsored an unconsolidated structured entity for which it
does not have an interest in the entity at the reporting date, the entity shall
disclose how it has determined which structured entities it has sponsored.
106 Unconsolidated structured entities - sponsorship of entity where no interest

held
If an entity has sponsored an unconsolidated structured entity for which it
does not have an interest in the entity at the reporting date, disclose:
Note: An entity shall present the following information in tabular format,
unless another format is more appropriate, and classify its sponsoring
activities into relevant categories .
(a) income from those structured entities during the reporting period IFRS 12 - (27)(b)
(b) a description of the types of income presented; and IFRS 12 - (27)(b)
(c) the carrying amount (at the time of transfer) of all assets transferred to IFRS 12 - (27)(c)
those structured entities during the reporting period.
107 Unconsolidated structured entities - nature and extent of risks IFRS 12 - (24)(b)
Disclose information that enables users of its financial statements to
evaluate the nature of, and changes in, the risks associated with its
interests in unconsolidated structured entities.
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Note: This information required includes information about an entity’s

exposure to risk from involvement that it had with unconsolidated structured
entities in previous periods (eg sponsoring the structured entity), even if the
entity no longer has any contractual involvement with the structured entity at
the reporting date.
108 Unconsolidated structured entities - carrying amounts of assets and

liabilities
Disclose in tabular format, unless another format is more appropriate, a
summary of:
(a) the carrying amounts of the assets and liabilities recognised in its IFRS 12 - (29)(a)
financial statements relating to its interests in unconsolidated structured
entities.
(b) the line items in the statement of financial position in which those assets IFRS 12 - (29)(b)
and liabilities are recognised.
109 Unconsolidated structured entities - exposure to loss Disclose in tabular

format, unless another format is more appropriate, a summary of:
(a) the amount that best represents the entity’s maximum exposure to loss IFRS 12 - (29)(c)
from its interests in unconsolidated structured entities, including how the
maximum exposure to loss is determined. If an entity cannot quantify its
maximum exposure to loss from its interests in unconsolidated structured
entities it shall disclose that fact and the reasons.
(b) a comparison of the carrying amounts of the assets and liabilities of the IFRS 12 - (29)(c)
entity that relate to its interests in unconsolidated structured entities and the
entity’s maximum exposure to loss from those entities.
110 Unconsolidated structured entities - provision of financial or other support

If during the reporting period an entity has, without having a contractual
obligation to do so, provided financial or other support to an unconsolidated
structured entity in which it previously had or currently has an interest (for
example, purchasing assets of or instruments issued by the structured
entity), the entity shall disclose:
(a) the type and amount of support provided, including situations in which IFRS 12 - (30)(a)
the entity assisted the structured entity in obtaining financial support; and
(b) the reasons for providing the support. IFRS 12 - (30)(b)

111 Unconsolidated structured entities - intentions to provide financial or other IFRS 12 -
support (31)
Disclose any current intentions to provide financial or other support to an
unconsolidated structured entity, including intentions to assist the structured
entity in obtaining financial support.
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112 Unconsolidated structured entities - additional disclosures With regard to

interests in unconsolidated structured entities:
(A) Disclose additional information that enables users of its financial IFRS 12 - B25
statements to evaluate the nature of, and changes in, the risks associated
with its interests in unconsolidated structured entities.
(B) Examples of additional information that, depending on the IFRS 12 - B26(a)(i)

circumstances, might be relevant to an assessment of the risks to which an
entity is exposed when it has an interest in an unconsolidated structured
entity may include disclosure of:(a) the terms of an arrangement that could
require the entity to provide financial support to an unconsolidated
structured entity (eg liquidity arrangements or credit rating triggers
associated with obligations to purchase assets of the structured entity or
provide financial support), including:(i) a description of events or
circumstances that could expose the reporting entity to a loss.
(ii) whether there are any terms that would limit the obligation. IFRS 12 - B26(a)(ii)
(iii) whether there are any other parties that provide financial support and, if IFRS 12 -
so, how the reporting entity’s obligation ranks with those of other parties. B26(a)(iii)
(b) losses incurred by the entity during the reporting period relating to its IFRS 12 - B26(b)
interests in unconsolidated structured entities.
(c) the types of income the entity received during the reporting period from IFRS 12 - B26(c)
its interests in unconsolidated structured entities.
(d) whether the entity is required to absorb losses of an unconsolidated IFRS 12 - B26(d)
structured entity before other parties, the maximum limit of such losses for
the entity, and (if relevant) the ranking and amounts of potential losses
borne by parties whose interests rank lower than the entity’s interest in the
unconsolidated structured entity.
(e) information about any liquidity arrangements, guarantees or other IFRS 12 - B26(e)
commitments with third parties that may affect the fair value or risk of the
entity’s interests in unconsolidated structured entities.
(f) any difficulties an unconsolidated structured entity has experienced in IFRS 12 - B26(f)
financing its activities during the reporting period.
(g) in relation to the funding of an unconsolidated structured entity, the forms IFRS 12 - B26(g)
of funding (eg commercial paper or medium-term notes) and their weighted-
average life. That information might include maturity analyses of the assets
and funding of an unconsolidated structured entity if the structured entity
has longer-term assets funded by shorter-term funding.
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113 Unconsolidated structured entities - additional disclosure to meet disclosure IFRS 12 - (3)
objective
Interests in If the disclosures required by this IFRS, together with
disclosures required by other IFRSs, do not meet the objective in paragraph
1 of IFRS 12 , an entity shall disclose whatever additional information is
necessary to meet that objective.
114 Consolidation of associates - significant judgements and assumptions IFRS 12 - 7(b)

Disclose information about significant judgements and assumptions it has
made (and changes to those judgements and assumptions) in determining
that it has significant influence over another entity.
115 Consolidation of associates - significant judgements and assumptions

To comply with the requirements of question 4.7.3A above, an entity shall
disclose, for example, significant judgements and assumptions made in
determining that:
(a) it does not control another entity even though it holds more than half of IFRS 12 - (9)(a)
the voting rights of the other entity.
(b) it has significant influence even though it holds less than 20 per cent of IFRS 12 - (9)(e)
the voting rights of another entity.
116 Extent of nature and interests in associates

An entity shall disclose information that enables users of its financial
statements to evaluate:
(a) the nature, extent and financial effects of its interests in associates, IFRS 12 - (20)(a)
including the nature and effects of its contractual relationship with the other
investors with significant influence over associates; and
(b) the nature of, and changes in, the risks associated with its interests in IFRS 12 - (20)(b)
associates.
117 Disclosures for each material associate - qualitative information

For each associate that is material to the reporting entity disclose:
(i) the name of the associate. IFRS 12 - (21)(a) (i)
(ii) the nature of the entity’s relationship with the associate (by, for example, IFRS 12 - (21)(a) (ii)
describing the nature of the activities of the associate and whether they are
strategic to the entity’s activities).
(iii) the principal place of business (and country of incorporation, if IFRS 12 -

applicable and different from the principal place of business) of the (21)(a) (iii)
associate.
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(iv) the proportion of ownership interest or participating share held by the IFRS 12 - 21
entity and, if different, the proportion of voting rights held (if applicable). (a )(iv)
(v) whether the investment in the associate is measured using the equity IFRS 12 - (21)(b)
method or at fair value. (i)
118 Disclosures for each material associate - quantitative information
Disclose for each associate that is material to the reporting entity the
following :
Note: When an entity’s interest in an associate (or a portion of its interest in
an associate) is classified as held for sale in accordance with IFRS 5 Non-
current Assets Held for Sale and Discontinued Operations, the entity is not
required to disclose summarised financial information for that associate in
accordance with paragraphs B10– B16 of IFRS 12.
(a) dividends received from the associate. IFRS 12 - (21)(b)

(ii) IFRS 12 -
B12(a)
(b) summarised financial information for the associate including, but not IFRS 12 - (21)(b)
necessarily limited to:(i) current assets. (ii) IFRS 12 -
B12(b)(i)
(ii) non-current assets. IFRS 12 - B12(b)

(ii) IFRS 12 - (21)
(b)(ii)
(iii) current liabilities. IFRS 12 - (21)(b)

(ii) IFRS 12 -
B12(b)(iii)
(iv) non-current liabilities. IFRS 12 - (21)(b)

(ii) IFRS 12 -
B12(b)(iv)
(v) revenue. IFRS 12 - B12(b)

(v) IFRS 11 - (21)
(b)(ii)
(vi) profit or loss from continuing operations. IFRS 12 - B12(b)

(vi) IFRS 12 - (21)
(b)(ii)
(vii) post-tax profit or loss from discontinued operations. IFRS 12 -
B12(b)(vii) IFRS
12 - (21)(b)(ii)
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(viii) other comprehensive income. IFRS 12 - (21)(b)(ii)

IFRS 12 -
B12(b)(vii)
(ix) total comprehensive income. IFRS 12 - (21)(b)(ii)

IFRS 12 - B12(b)(ix)
(c) whether the investment in the associate is measured using the equity IFRS 12 - (21)(b)(i)
method or at fair value.
(d) if the associate is accounted for using the equity method, the fair value IFRS 12 -
of its investment in the associate, if there is a quoted market price for the (21)(b)(iii)
investment.
119 Associate carried at fair value - IFRS preparation impracticable or at undue IFRS 12 - B15
cost or effort
Where an interest in an associate is carried at fair value in accordance with
IAS 28 (as amended in 2011) and the associate does not prepare IFRS
financial statements and preparation of such financial statements is either
impracticable or causes undue cost or effort disclose the basis on which
summarised information has been prepared.
Note: When an entity’s interest in an associate (or a portion of its interest in
an associate) is classified as held for sale in accordance with IFRS 5 Non-
current Assets Held for Sale and Discontinued Operations, the entity is not
required to disclose summarised financial information for that associate in
accordance with paragraphs B10– B16 of IFRS 12.
120 Disclosures for equity accounted associates that are not individually material
Disclose, in aggregate:
Note 1: An entity provides these disclosures separately for joint ventures
and associates.
Note 2: When an entity’s interest in an associate (or a portion of its interest
in an associate) is classified as held for sale in accordance with IFRS 5
Non-current Assets Held for Sale and Discontinued Operations, the entity is
not required to disclose summarised financial information for that associate
in accordance with paragraphs B10– B16 of IFRS 12.
(a) the carrying amount of its interests in all individually immaterial IFRS 12 - (21)(c)(ii)
associates that are accounted for using the equity method. IFRS 12 - B16
(b) the aggregate amount of its share of those associates’:(i) profit or loss IFRS 12 - (21)(c)(ii)
from continuing operations. IFRS 12 - B16(a)
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(ii) post-tax profit or loss from discontinued operations. IFRS 12 - B16(b)

IFRS 12 - (21)(c)(ii)
(iii) other comprehensive income IFRS 12 - B16(c)

IFRS 12 - (21)(c)(ii)
(iv) total comprehensive income. IFRS 12 - B16(d)

IFRS 12 - (21)(c)(ii)
121 Interests in Associates - Significant restrictions Disclose the nature and

extent of any significant restrictions (eg resulting from borrowing
arrangements, regulatory requirements or contractual arrangements
between investors with significant influence over an associate) on the
ability of associates to:
(a) transfer funds to the entity in the form of cash dividends; or IFRS 12 - (22)(a)
(b) to repay loans or advances made by the entity. IFRS 12 - (22)(b)
122 Interests in Associates - Equity accounting and different reporting period

When the financial statements of an associate used in applying the equity
method are as of a date or for a period that is different from that of the
entity disclose:
(i) the date of the end of the reporting period of the financial statements of IFRS 12 - (22)(b)(i)
that associate; and
(ii) the reason for using a different date or period. IFRS 12 - (22)(b)(ii)
123 Interests in associates - Equity accounting and unrecognised share of

losses
If the entity has stopped recognising its share of losses under the equity
method disclose:
(a) the unrecognised share of losses of an associate for the reporting IFRS 12 - (22)(c)
period; and
(b) the unrecognised share of losses of the associate cumulatively. IFRS 12 - (22)(c)
124 Interests in associates - additional disclosure to meet disclosure objective IFRS 12 - (3)
that objective.
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125 Consolidation - significant judgements and assumptions - joint

arrangements
Disclose information about significant judgements and assumptions it has
made (and changes to those judgements and assumptions) in determining:
(a) that it has joint control of an arrangement . IFRS 12 - 7(b)
(b) the type of joint arrangement (ie joint operation or joint venture) when IFRS 12 - 7(c)
the arrangement has been structured through a separate vehicle.
126 Extent and nature of interests in Joint Arrangements Disclose information

that enables users of its financial statements to evaluate:
(a) the nature, extent and financial effects of its interests in joint IFRS 12 - (20)(a)
arrangements, including the nature and effects of its contractual relationship
with the other investors with joint control of joint arrangements; and
(b) the nature of, and changes in, the risks associated with its interests in IFRS 12 - (20)(b)
joint ventures.
127 Disclosures for each material joint arrangement - qualitative information

For each joint arrangement that is material to the reporting entity disclose:
(i) the name of the joint arrangement. IFRS 12 - (21)(a)

(i)
(ii) the nature of the entity’s relationship with the joint arrangement (by, for IFRS 12 - (21)(a)
example, describing the nature of the activities of the joint arrangement and (ii)
whether they are strategic to the entity’s activities).
(iii) the principal place of business (and country of incorporation, if IFRS 12 -

applicable and different from the principal place of business) of the joint (21)(a)(iii)
arrangement.
(iv) the proportion of ownership interest or participating share held by the IFRS 12 - (21)(a)
entity and, if different, the proportion of voting rights held (if applicable). (iv)
128 Disclosures for each material joint venture - quantitative information
For each joint venture that is material to the reporting entity disclose:
Note: When an entity’s interest in a joint venture (or a portion of its interest
in a joint venture) is classified as held for sale in accordance with IFRS 5
not required to disclose summarised financial information for that joint
venture in accordance with paragraphs B10–B16 of IFRS 12.
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(a) dividends received from the joint venture. IFRS 12 - B12(a)

IFRS 12 - (21)(b)
(ii)
(b) summarised financial information for the joint venture including, IFRS 12 - B12(b)
but not necessarily limited to:(i) current assets. (i) IFRS 12 - (21)
(b)(ii)
(ii) cash and cash equivalents included in the above. IFRS 12 - B13(a)
IFRS 12 - (21)(b)
(ii)
(iii) non-current assets. IFRS 12 - (21)(b)

(ii) IFRS 12 -
B12(b)(ii)
(iv) current liabilities. IFRS 12 -

B12(b)(iii) IFRS 12
- (21)(b)(ii)
(v) current financial liabilities (excluding trade and other payables IFRS 12 - (21)(b)
and provisions) included in the above. (ii) IFRS 12 -
B13(b)
(vi) non-current liabilities. IFRS 12 - B12(b)

(iv) IFRS 12 - (21)
(b)(ii)
(vii) non-current financial liabilities (excluding trade and other IFRS 12 - B13(c)
payables and provisions) included in the above. IFRS 12 - (21)(b)
(ii)
(viii) revenue. IFRS 12 - (21)(b)

(ii) IFRS 12 -
B12(b)(v)
(ix) profit or loss from continuing operations. IFRS 12 - B12(b)

(vi) IFRS 12 - (21)
(b)(ii)
(x) post-tax profit or loss from discontinued operations. IFRS 12 - (21)(b)

(ii) IFRS 12 -
B12(b)(vii)
(xi) other comprehensive income. IFRS 12 -
B12(b)(viii) IFRS
12 - (21)(b)(ii)
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(xii) total comprehensive income. IFRS 12 - B12(b)

(ix) IFRS 12 - (21)
(b)(ii)
(xiii) depreciation and amortisation. IFRS 12 - (21)(b)

(ii) IFRS 12 -
B13(d)
(xiv) interest income. IFRS 12 - (21)(b)

(ii) IFRS 12 -
B13(e)
(xv) interest expense. IFRS 12 - (21)(b)

(ii) IFRS 12 -
B13(f)
(xvi) income tax expense or income. IFRS 12 - (21)(b)

(ii) IFRS 12 -
B13(g)
(c) whether the investment in the joint venture is measured using the equity IFRS 12 - (21)(b)
method or at fair value. (i)
(d) if the joint venture is accounted for using the equity method, the fair IFRS 12 -
value of its investment in the joint venture, if there is a quoted market price (21)(b)(iii)
for the investment.
129 Joint ventures carried at fair value where IFRS preparation impracticable or IFRS 12 - B15
at undue cost
Where an interest in a joint venture is carried at fair value in accordance
with IAS 28 (as amended in 2011) and the joint venture does not prepare
IFRS financial statements and preparation of such financial statements is
either impracticable or causes undue cost or effort disclose the basis on
which summarised information has been prepared.
Note: When an entity’s interest in a joint venture (or a portion of its interest
in a joint venture) is classified as held for sale in accordance with IFRS 5
not required to disclose summarised financial information for that joint
venture in accordance with paragraphs B10–B16 of IFRS 12.
130 Disclosures for equity accounted joint ventures that are not individually
material
Disclose, in aggregate:
Note 1: An entity provides these disclosures separately for joint ventures
and associates.
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Note 2: When an entity’s interest in a joint venture (or a portion of its

interest in a joint venture) is classified as held for sale in accordance with
IFRS 5 Non-current Assets Held for Sale and Discontinued Operations, the
entity is not required to disclose summarised financial information for that
joint venture in accordance with paragraphs B10–B16 of IFRS 12.
(a) the carrying amount of its interests in all individually immaterial joint IFRS 12 -
ventures that are accounted for using the equity method. B16IFRS 12 - (21)
(c)(i)
(b) the aggregate amount of its share of those joint ventures’:(i) profit or IFRS 12 - (21)(c)
loss from continuing operations. (i) IFRS 12 -
B16(a)
(ii) post-tax profit or loss from discontinued operations. IFRS 12 - (21)(c)

(i) IFRS 12 -
B16(b)
(iii other comprehensive income IFRS 12 - (21)(c)

(i) IFRS 12 -
B16(c)
(iv) total comprehensive income. IFRS 12 - B16(d)

IFRS 12 - (21)(c)
(i)
131 Interests in Joint Ventures - Significant restrictions Disclose the nature and
extent of any significant restrictions (eg resulting from borrowing
arrangements, regulatory requirements or contractual arrangements
between investors with joint control of a joint venture) on the ability of joint
ventures to:
(a) transfer funds to the entity in the form of cash dividends; or IFRS 12 - (22)(a)
(b) to repay loans or advances made by the entity. IFRS 12 - (22)(a)
132 Interests in Joint Ventures - Equity accounting and different reporting period
When the financial statements of a joint venture used in applying the equity
method are as of a date or for a period that is different from that of the
entity disclose:
(i) the date of the end of the reporting period of the financial statements of IFRS 12 - (22)(b)
that joint venture; and
(ii) the reason for using a different date or period. IFRS 12 - (22)(b)
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133 Interests in Joint Ventures - Equity accounting and unrecognised share of

losses
If the entity has stopped recognising its share of losses under the equity
method disclose:
(a) the unrecognised share of losses of a joint venture for the reporting IFRS 12 - (22)(c)
period; and
(b) the unrecognised share of losses of a joint venture cumulatively. IFRS 12 - (22)(c)
134 Interests in Joint Ventures - Commitments In respect of commitments: IFRS 12 - (23)(a)

Disclose separately from other commitments the total commitments the IFRS 12 - B18
entity has made but not recognised at the reporting date (including its share
of commitments made jointly with other investors with joint control of a joint
venture) relating to its interests in joint ventures.
Note: Commitments are those that may give rise to a future outflow of cash
or other resources.
135 Joint arrangements - additional disclosure to meet disclosure objective IFRS 12 - (3)
that objective.
136 Joint Ventures - Transition from proportionate consolidation to equity method

under IFRS 1
Where on transition from proportionate consolidation to equity method a
negative net asset arisen, it been concluded that the entity does not have a
legal or constructive obligation in relation in relation to the negative net
assets disclose:
(a) That fact; and IFRS 11 - C4
(b) The cumulative unrecognised share of losses of its joint ventures at:(i) IFRS 11 - C4
the date of the beginning of the earliest period presented; and
(ii) the date of at which IFRS 11 Joint Arrangements is first applied. IFRS 11 - C4
137 Joint Venture - Transition from proportionate consolidation to equity method IFRS 11 - C5
under IFRS 11
Disclose a breakdown of the assets and liabilities that have been
aggregated into the single line investment balance as at the beginning of the
earliest period presented.
Note: This disclosure shall be prepared in an aggregated manner for all joint
ventures for which an entity applies the transition requirements relating to a
transition from proportionate consolidation to the equity method.
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138 Joint Operations - Transition from equity method to accounting for assets IFRS 11 - C10
and liabilities
Has the entity, changing from the equity method to accounting for assets
and liabilities, provided a reconciliation between the investment
derecognised, and the assets and liabilities recognised, together with any
remaining difference adjusted against retained earnings, at the beginning of
the earliest period presented?
139 Transition provisions of IFRS 11 to joint operation - separate financial IFRS 11 - C12 (b)
statements
Where the entity previously account for an investment in a joint operation at
cost or in accordance with IAS 39 (IFRS
9) and is now required to recognise the assets and liabilities of the joint
operation in accordance with IFRS 11 Joint Arrangements has it provided a
reconciliation between the investment derecognised, and the assets and
liabilities recognised, together with any remaining difference adjusted in
retained earnings, at the beginning of the earliest period presented?
140 Disclosures - separate financial statements IAS 27 (2011)

An entity shall apply all applicable IFRSs when providing disclosures in its - (15)
separate financial statements.
141 Parent company electing not to prepare consolidated financial statements

When a parent, in accordance with paragraph 4(a) of IFRS 10 , elects not to
prepare consolidated financial statements and instead prepares separate
financial statements, it shall disclose in those separate financial statements:
(a) the fact that the financial statements are separate financial statements IAS 27 (2011)
- (16)(a)
(b) that the exemption from consolidation has been used; IAS 27 (2011)
- (16)(a)
(c) the name and principal place of business (and country of incorporation, if IAS 27 (2011)
different) of the entity whose consolidated financial statements that comply - (16)(a)
with International Financial Reporting Standards have been produced for
public use;
(d) the address where those consolidated financial statements are IAS 27 (2011)
obtainable. - (16)(a)
(e) a list of significant investments in:(i) subsidiaries IAS 27 (2011)

- (16)(b)
(ii) joint ventures IAS 27 (2011)

- (16)(b)
(iii) associates IAS 27 (2011)

- (16)(b)
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(f) the name of those investees included in the list referred to in question IAS 27 (2011)
element (e) above - (16)(b)(i)
(ii) the principal place of business (and country of incorporation, if different) IAS 27 (2011)
of those investees included in the list referred to in question element (e) - (16)(b)(ii)
above.
(iii) its proportion of the ownership interest (and its proportion of the voting IAS 27 (2011)
rights, if different) held in those investees included in the list referred to i (e) - (16)(b)(iii)
above.
(c) a description of the method used to account for the investments listed in IAS 27 (2011)
question element (e) above. - (16)(c)
142 Separate financial statements of parent not exempt from consolidation, or IAS 27 (2011)
investor - (17)
A parent that is not exempt from the preparation of consolidated financial
statements (under paragraph 4(a) of IFRS 10), or an investor with joint
control of, or significant influence over, an investee which prepares separate
financial statements shall identify the financial statements prepared in
accordance with IFRS 10, IFRS 11 or IAS 28 (as amended in 2011) to which
they relate.
143 Separate financial statements of parent not exempt from consolidation, or

investor
In its separate financial statements a parent or investor shall disclose:
(a) the fact that the statements are separate financial statements. IAS 27 (2011)
- (17)(a)
(b) the reasons why separate financial statements are prepared if not IAS 27 (2011)
required by law. - (17)(a)
(c) a list of significant investments in subsidiaries, joint ventures and IAS 27 (2011)
associates, including:(i) the name of those investees. - (17)(b)(i)
(ii) the principal place of business (and country of incorporation, if different) IAS 27 (2011)
of those investees. - (17)(b)(ii)
(iii) its proportion of the ownership interest (and its proportion of the voting IAS 27 (2011)
rights, if different) held in those investees - (17)(b)(iii)
(c) a description of the method used to account for the investments listed IAS 27 (2011)
under (b). - (17)(c)
(c) financial risk management strategies related to agricultural activity
Inventories
144 Inventories Disclose:

(a) total carrying amount of inventories and the carrying amount in IAS 2 - 36(b)
appropriate classifications to the entity;
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(b) carrying amount of inventories carried at fair value less costs to sell; IAS 2 - 36(c)
(c) carrying amount of inventories pledged as security for liabilities. IAS 2 - 36(h)
Construction contracts
145 Construction contracts

For contracts in progress at the balance sheet date disclose each of the
following:
(a) aggregate amount of costs incurred and recognised profits (less IAS 11 - 40(a)
recognised losses) to date;
(b) the amount of advances received; IAS 11 - 40(b)
(c) the amount of retentions. IAS 11 - 40(c)
146 Construction contracts IAS 11 - 42

Present gross amount due from customers for contract work as an asset
and gross amount due to customers for contract work as a liability.
Debtors
147 Lessors - Amounts receivable under finance leases In respect of finance

leases, lessors should disclose:
(a) a reconciliation between the gross investment in the lease at the balance IAS 17 - 47(a)
sheet date, and the present value of minimum lease payments receivable at
the balance sheet date;
(b) the gross investment in lease and the present value of minimum lease IAS 17 - 47(a)
payments receivable at the balance sheet date for each of the following
periods:
(i) Not later than one year;
(ii) Later than one year and not later than five years;
(iii) Later than five years;
(c) the unguaranteed residual values accruing to the benefit of the lessor; IAS 17 - 47(c)
(d) the accumulated allowance for uncollectible minimum lease payments IAS 17 - 47(d)
receivable;
(e) a general description of the lessor's significant leasing arrangements. IAS 17 - 47(f)
148 Lessors - assets leased under operating leases

In respect of operating leases, a lessor should disclose:
(a) the future minimum lease payments under non- cancellable operating IAS 17 - 56(a)
leases in aggregate and for each of the following periods:
(i) not later than one year;
(ii) later than one year but not later than five years;
(iii) later than five years.
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(b) a general description of the lessor's significant leasing arrangements. IAS 17 - 56(c)
149 Investment property and lessors IAS 40 - 74

Ensure that lessors disclosures required by IAS 17 'Leases' are made where
investment property is leased out under an operating lease
Next question is 151
Creditors
151 Liabilities arising from share-based payment transactions For liabilities

arising from share-based payment transactions, disclose:
(a) the total carrying amount at the end of the period; IFRS 2 - 51(b)
(b) the total intrinsic value at the end of the period of liabilities for which the IFRS 2 - 51(b)
counterparty's right to cash or other assets had vested by the end of the
period (e.g. vested share appreciation rights);
(c) any other information necessary to enable users of the financial IFRS 2 - 52
statements to understand the effect of cash- settled share-based payment
transactions on the entity's financial position.
152 Finance leases

In respect of finance leases, the lessee should disclose:
(a) for each class of asset, the net carrying amount at the balance sheet IAS 17 - 31(a)
date;
(b) a reconciliation between the total of future minimum lease payments at IAS 17 - 31(b)
the balance sheet date, and their present value;
(c) in addition the total of minimum lease payments at the balance sheet IAS 17 - 31(b)
date and their present value for each of the following periods:
(i) not later than one year;
(ii) later than one year and not later than five years;
(iii) later than five years;
(d) total of future minimum sublease payments expected to be received IAS 17 - 31(d)
under non-cancellable subleases at the balance sheet date;
(e) a general description of the lessee's significant leasing arrangements IAS 17 - 31(e)
including, but not limited to, the following:
(i) basis on which contingent rent payable is determined;
(ii) existence and terms of renewal or purchase options and escalation
clauses;
(iii) restrictions imposed by lease arrangements, such as those concerning
dividends, additional debt and further leasing.
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153 Operating leases

In respect of operating leases, the lessee should disclose:
(a) total of future minimum lease payments under non- cancellable operating IAS 17 - 35(a)
leases for each of the following periods:
(i) Not later than one year;
(ii) Later than one year and not later than five years;
(iii) Later than five years;
(b) total of future minimum sublease payments expected to be received IAS 17 - 35(b)
under non-cancellable subleases at the balance sheet date;
(c) a general description of the lessee's significant leasing arrangements IAS 17 - 35(d)
including, but not limited to:
(i) basis on which contingent rent payable is determined;
(ii) the existence and terms of renewal or purchase options and escalation
clauses;
(iii) restrictions imposed by lease arrangements such as those concerning
dividends, additional debt, and further leasing.
154 Arrangement contains a Lease - Operating lease If a purchaser concludes

that it is impracticable to separate the payments reliably, it shall:
(i) in the case of an operating lease, treat all payments under the IFRIC 4 - (15)(b)
arrangement as lease payments for the purposes of complying with the
disclosure requirements of IAS 17 (see question 4.9.4 above), but
(ii) disclose those payments separately from minimum lease payments of IFRIC 4 - (15)(b)(i)
other arrangements that do not include payments for non-lease elements,
and
(iii) state that the disclosed payments also include payments for non-lease IFRIC 4 - (15)(b)(ii)
elements in the arrangement.
155 Arrangement with the legal form but not substance of a lease SIC 27
All aspects of an arrangement that does not, in substance, involve a lease
under IAS 17 'Leases' should be considered in determining the appropriate
disclosures that are necessary to understand the arrangement and the
accounting treatment adopted. Disclose either individually for each
arrangement or in aggregate for each class of arrangement the following in
each period that such an arrangement exists:
(a) a description of the arrangement including:
SIC 27 - 10(a)
(i) the underlying asset and any restriction on its use;
SIC 27 - 10(a)
(ii) the life and other significant terms of the arrangement;
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SIC 27 - 10(a)
(iii) the transactions that are linked together; and
(b) the accounting treatment applied to any fee received, the amount SIC 27 - 10(b)
recognised as income in the period and the line item of the income
statement in which it is included
Next question is 157
157 Members' shares in Co-Operative entities and similar instruments IFRIC 2 - 13

When a change in the redemption prohibition leads to a transfer between
financial liabilities and equity, disclose separately the amount, timing and
reason for the transfer.
158 Investment property and lessees IAS 40 - 74

Ensure that lessees' disclosures for finance leases required by IAS 17
'Leases' are made where investment property is held under a finance or
operating lease
Provisions, Contingent liabilities & contingent assets
159 Provisions
For each class of provision disclose: (comparative information is not
required)
(a) the carrying amount at the beginning and end of the period; IAS 37 - 84(a)
(b) additional provisions made during the period, including increases to IAS 37 - 84(b)
existing provisions;
(c) amounts used (i.e. incurred and charged against the provision) during IAS 37 - 84(c)
the period;
(d) unused amounts reversed during the period; IAS 37 - 84(d)
(e) the increase during the period in the discounted amount arising from the IAS 37 - 84(e)
passage of time and the effect of any change in the discount rate.
160 Details of provisions

Disclose the following for each class of provision:
(a) a brief description of the nature of the obligation and the expected timing IAS 37 - 85(a)
of any resulting outflows of economic benefits;
(b) an indication of the uncertainties about the amount or timing of those IAS 37 - 85(b)
outflows. Where necessary to provide adequate information, an entity
should disclose the major assumptions made concerning future events;
(c) the amount of any expected reimbursement, stating the amount of any IAS 37 - 85(c)
asset that has been recognised for that expected reimbursement.
161 Contingent liabilities
Unless the possibility of any outflow in settlement is
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remote, disclose for each class of contingent liability at the balance sheet
date a brief description of the nature of the contingent liability and, where
practicable:
(a) an estimate of its financial effect; IAS 37 - 86(a)
(b) an indication of the uncertainties relating to the amount or timing of any IAS 37 - 86(b)
inflow;
(c) the possibility of any reimbursement. IAS 37 - 86(c)
162 Contingent liabilities in relation to joint ventures Disclose (in accordance with IFRS 12 - (23)(b)
IAS 37 Provisions, contingent assets and contingent liabilities) unless the
probability of loss is remote, contingent liabilities incurred relating to the
entity's interests in joint ventures (including its share of contingent liabilities
incurred jointly with other investors with joint control of the joint ventures),
separately from the amount of other contingent liabilities.
163 Contingent assets IAS 37 - 89

Where an inflow of economic benefits is probable, disclose:
(a) a brief description of the nature of the contingent asset at the balance IAS 37 - 89
sheet date;
(b) where practicable, an estimate of their financial effect. IAS 37 - 89
164 Government grants IAS 20 - 39(c)

Disclose details of unfulfilled conditions and other contingencies attaching to
government assistance that has been recognised.
165 Contingent assets and liabilities IAS 37 - 91

Where information on contingent assets and contingent liabilities is not
disclosed because it is impracticable to do so, that fact should be stated.
166 Provisions, contingent assets and contingent liabilities Where disclosure of IAS 37 - 92
information about provisions, contingent assets or liabilities would seriously
prejudice the position of the entity in a dispute with other parties, it need not
make the disclosures required by paragraphs 84-89 of IAS 37 (Provisions,
contingent liabilities and
contingent assets), but should disclose the general nature of the dispute,
together with the fact that, and reason why, the information has not been
disclosed.
Deferred tax
167 Deferred tax - Details of temporary differences Disclose separately:

(a) the amount (and expiry date if any) of deductible temporary differences, IAS 12 - 81(e)
unused tax losses, and unused tax credits for which no deferred tax asset is
recognised in the balance sheet;
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(b) the aggregate amount of temporary differences associated with IAS 12 - 81(f)
investments in subsidiaries, branches and associates and interests in joint
ventures, for which deferred tax liabilities have not been recognised;
(c) in respect of each type of temporary difference and unused tax IAS 12 - 81(g)
losses/credits:
(i) the amount of the deferred tax assets and liabilities recognised in the
balance sheet;
(ii) the amount of deferred tax recognised in the income statement if not IAS 12 - 81(g)
apparent from changes in the amounts recognised in the balance sheet.
168 Deferred tax asset IAS 12 - 82(a)

Disclose the amount of a deferred tax asset and the nature of the evidence - (b)
supporting its recognition, when:(a) the utilisation of the deferred tax asset is
dependent on future taxable profits in excess of the profits arising from the
reversal of existing taxable temporary differences; and(b) the entity has
suffered a loss in either the current or preceding period in the tax jurisdiction
to which the deferred tax assets relates.
169 Share Capital and Reserves

Disclose the following, either in the statement of financial position or the
statement of changes in equity, or in the notes for each class of share
capital:
(i) the number of shares authorised; IAS 1 (2007) - 79(a)

(i)
(ii) the number of shares issued and fully paid, and issued but not fully paid; IAS 1 (2007) -
79(a)(ii)
(iii) par value per share, or that the shares have no par value; IAS 1 (2007) -
79(a)(iii)
(iv) a reconciliation of the number of shares outstanding at the beginning IAS 1 (2007) -
and at the end of the period; 79(a)(iv)
(v) the rights, preferences and restrictions attaching to that class including IAS 1 (2007) - 79(a)
restrictions on the distribution of dividends and the repayment of capital; (v)
(vi) shares in the entity held by the entity (treasury shares) or by its IAS 1 (2007) -
subsidiaries or associates; and 79(a)(vi) IAS 32 - 34
(vii) shares reserved for issue under options and contracts for the sale of IAS 1 (2007) -
shares, including terms and amounts. 79(a)(vii)
Entities without share capital IAS 1 (2007) -
Disclose information equivalent to that required by entities with share 80
capital, showing movements in the period in each category of equity interest
and the rights, preferences and restrictions attaching to each category of
equity interest. Entities with share capital are required to disclose the
following for each class of share capital:
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(i) the number of shares authorised ;

(ii) number of shares issued and fully paid, and issued but not fully paid;
(iii) par value per share, or that the shares have no par value;
(iv) a reconciliation of the number of shares outstanding at the beginning
and at the end of the year; (v) the rights, preferences and restrictions
attaching to that class including restrictions on the distribution of dividends
and the repayments of capital;
(vi) shares in the entity held by the entity itself or by subsidiaries or
associates of the entity;
(vii) shares reserved for issuance under options and sales contracts,
including the terms and amounts;
170 Transaction costs IAS 32 - 39

Disclose the amount of transaction costs accounted for as a deduction from
equity separately.
171 Own shares acquired from related parties IAS 32 - 34
Provide disclosures in accordance with IAS 24 'Related party transactions' if
the entity reacquires its own equity instruments from related parties.
172 Revaluation surplus IAS 16 - 77(f)

When items of property, plant and equipment are stated at revalued
amounts, disclose the revaluation surplus, indicating the change for the
period and any restrictions on the distribution of the balance to shareholders
173 Purpose of each reserve in equity IAS 1 (2007) - 79(b)

Disclose a description of the nature and purpose of each reserve within
equity.
174 Proposed dividends Disclose in the notes:
(a) the amount of dividends proposed or declared before the financial IAS 1 (2007) -
statements were authorised for issue but not recognised as a distribution to 137(a)
equity holders during the period, and the related amount per share
(b) the amount of any cumulative preference dividends not recognised. IAS 1 (2007) -
137(b)
175 Exchange differences recognised directly in equity Disclose net exchange IAS 21 - 52(b)
differences recognised in other comprehensive income (classified) in a
separate component of equity, and a reconciliation of the amount of such
exchange differences at the beginning and end of the period.
176 Exchange differences recognised directly in equity Disclose net exchange IAS 21 - (52)(b)
differences recognised in other comprehensive income accumulated in a
separate component of equity, and a reconciliation of the amount of such
exchange differences at the beginning and end of the period.
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177 Reclassification of puttable instruments between financial liabilities and IAS 1 (2007) - 80A
equity
If an entity has reclassified a puttable financial instrument classified as an
equity instrument, between financial liabilities and equity, disclose the
amount reclassified into and out of each category (financial liabilities or
equity), and the timing and reason for that reclassification.
178 Reclassification of puttable instruments between financial liabilities and IAS 1 (2007) - 80A
equity
If an entity has reclassified an instrument that imposes on the entity an
obligation to deliver to another party a pro rata share of the net assets of the
entity only on liquidation and is classified as an equity instrument between
financial liabilities and equity, disclose the amount reclassified into and out
of each category (financial liabilities or equity), and the timing and reason for
that reclassification.
179 Puttable financial instruments classified as equity instruments

For puttable financial instruments classified as equity instruments, an entity
shall disclose (to the extent not disclosed elsewhere):
(a) summary quantitative data about the amount classified as equity; IAS 1 (2007) -
136A(a)
(b) its objectives, policies and processes for managing its obligation to IAS 1 (2007) -
repurchase or redeem the instruments when required to do so by the 136A(b)
instrument holders, including any changes from the previous period;
(c) the expected cash outflow on redemption or repurchase of that class of IAS 1 (2007) -
financial instruments; and 136A(c)
(d) information about how the expected cash outflow on redemption or IAS 1 (2007) -
repurchase was determined. 136A(d)
180 Defined Benefit Plans - disaggregation of information disclosed IAS 19 (2011)

Are disclosures disaggregated to distinguish plans or groups of plans with - (138)
materially different risks ?
181 Information about defined benefit plans Disclose:
(a) Information about defined benefit plans including:(i) the characteristics of IAS 19 (2011)
the entity's defined benefit plans. - (139)(a)
(ii) the nature of the benefits provided by the plan . IAS 19 (2011)
- (139)(a)(i)
(iii) a description of the regulatory framework in which the plan operates . IAS 19 (2011)
- (139)(a)(ii)
(iv) a description of any other entity's responsibilities for the governance of IAS 19 (2011)
the plan . - (139)(a)(iii)
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(b) a description of the risks to which the plan exposes the entity, focused on IAS 19 (2011)
any unusual, entity-specific or plan- specific risks, and of any significant - (139)(b)
concentrations of risk
.
(c) a description of any plan amendments, curtailments and settlements. IAS 19 (2011)
- (139)(c)
182 Characteristics of and risks attached to defined benefit plans IAS 19 (2011)
Disclose information that explains the characteristics of its defined benefit - (135)(a)
plans and risks associated with defined benefit plans . IAS 19 (2011)
- (136)
183 Explanations of amounts in financial statements relating do defined benefit IAS 19 (2011)
plans - (135)(b)
Disclose information that identifies and explains the amounts in its financial IAS 19 (2011)
statements arising from its defined benefit plans . - (136)
184 Defined Benefit Plans - Explanation of amounts in the financial statements IAS 19 (2011)
Provide a reconciliation from the opening balance to the closing balance for - (140)(a)
the net defined benefit liability (asset).
185 Defined Benefit Plans - Reconciliation of plan assets In respect of the IAS 19 (2011)
reconciliation described in question 4.14.5A.1 show a separate - (140)(a)(i)
reconciliation from the
opening balance to the closing balance for plan assets.
186 Defined Benefit Plans - Reconciliation of defined benefit obligation IAS 19 (2011)
In respect of the reconciliation described in question 4.14.5A.1 show a - (140)(a)(ii)
separate reconciliation from the opening balance to the closing balance for
the present value of the defined benefit obligation.
187 Defined Benefit Plans - Reconciliation of reimbursement rights IAS 19 (2011)

In respect of the reconciliation described in question 4.14.5A.1 show a - (140)(a)(iii)
separate reconciliation from the opening balance to the closing balance for
the effect of the asset ceiling.
188 Defined Benefit Plans - Reconciliation of reimbursement rights IAS 19 (2011)

Provide a reconciliation from the opening balance to the closing balance for - (140)(b)
any reimbursement rights.
189 Defined Benefit Plans - Reimbursement rights Describe the relationship IAS 19 (2011)
between any reimbursement right and the related obligation. - (140)(b)
190 Defined Benefit Plans -Additional reconciliations Each reconciliation listed in
questions 4.14.5A.1,
4.14.5A.2, 4.14.5A.3, 4.14.5A.4, 4.14.5A.5, and 4.14.5A.6
(as applicable) show each of the following (if applicable):
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(a) current service cost. IAS 19 (2011)

- (141)(a)
(b) interest income or expense. IAS 19 (2011)

- (141)(b)
(c) remeasurements of the net defined benefit liability (asset), showing IAS 19 (2011)
separately:(i) the return on plan assets, excluding amounts included in - (141)(c)(i)
interest in (b).
(ii) actuarial gains and losses arising from changes in demographic IAS 19 (2011)
assumptions . - (141)(c)(ii)
(iii) actuarial gains and losses arising from changes in financial assumptions IAS 19 (2011)
. - (141)(c)(iii)
(iv) changes in the effect of limiting a net defined benefit asset to the asset IAS 19 (2011)
ceiling, excluding amounts included in interest income and interest expense. - (141)(c)(iv)
(v) An entity shall also disclose how it determined the maximum economic IAS 19 (2011)
benefit available, ie whether those benefits would be in the form of refunds, - (141)(c)(iv)
reductions in future contributions or a combination of both.
(d) past service cost and gains and losses arising from settlements. IAS 19 (2011)
Note: Past service cost and gains and losses arising from settlements need - (141)(d)
not be distinguished if they occur together .
(e) the effect of changes in foreign exchange rates. IAS 19 (2011)

- (141)(e)
(f) contributions to the plan, showing separately those by the employer and IAS 19 (2011)
by plan participants. - (141)(f)
(g) payments from the plan, showing separately the amount paid in respect IAS 19 (2011)
of any settlements. - (141)(g)
(h) the effects of business combinations and disposals. IAS 19 (2011)

- (141)(h)
191 Fair value of plan assets IAS 19 (2011)

Disaggregate the fair value of the plan assets into classes that distinguish - (142)
the nature and risks of those assets, subdividing each class of plan asset
into those that have a quoted market price in an active market and those
that do not .
192 Fair value of plan assets - own equity instruments Disclose:
(a) the fair value of the entity's own transferable financial instruments held IAS 19 (2011)
as plan assets - (143)
(b) the fair value of plan assets that are property occupied by, or other IAS 19 (2011)
assets used by, the entity. - (143)
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193 Significant actuarial assumptions - defined benefit obligation IAS 19 (2011)

Disclose the significant actuarial assumptions used to determine the present - (144)
value of the defined benefit obligation .
Note 1: Such disclosure shall be in absolute terms (eg as an absolute
percentage, and not just as a margin between different percentages and
other variables).
194 Significant actuarial assumptions - grouping of plans When an entity IAS 19 (2011)
provides disclosures in total for a grouping of plans, it shall provide such - (144)
disclosures in the form of weighted averages or relatively narrow ranges.
195 Defined benefit plans - amount, timing and uncertainty of future cash flows IAS 19 (2011)
Disclose information that describes how its defined benefit plans may affect - (135)(c)
the amount, timing and uncertainty of the entity's future cash flows. IAS 19 (2011)
- (136)
196 Defined Benefit Plans - amount, timing and uncertainty of future cash flows
Disclose:
(a) a sensitivity analysis for each significant actuarial assumption (as IAS 19 (2011)
disclosed per question 4.15.7A and 4.15.7A.1 where applicable) as of the - (145)(a)
end of the reporting period, showing how the defined benefit obligation
would have been affected by changes in the relevant actuarial assumption
that were reasonably possible at that date.
(b) the methods and assumptions used in preparing the sensitivity analyses IAS 19 (2011)
required by (a) and the limitations of those methods. - (145)(b)
(c) changes from the previous period in the methods and assumptions used IAS 19 (2011)
in preparing the sensitivity analyses, and the reasons for such changes. - (145)(c)
197 Defined Benefit Plans - asset and liability matching strategies IAS 19 (2011)
An entity shall disclose a description of any asset-liability matching - (146)
strategies used by the plan or the entity, including the use of annuities and
other techniques, such as longevity swaps, to manage risk.
198 Defined Benefit Plans - effect of plan on entity's future cash flows
To provide an indication of the effect of the defined benefit plan on the
entity's future cash flows, an entity shall disclose:
(a) a description of any funding arrangements and funding policy that affect IAS 19 (2011)
future contributions. - (147)(a)
(b) the expected contributions to the plan for the next annual reporting IAS 19 (2011)
period. - (147)(b)
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(c) information about the maturity profile of the defined benefit obligation. IAS 19 (2011)
Note: This will include the weighted average duration of the defined benefit - (147)(a)
obligation and may include other information about the distribution of the
timing of benefit payments, such as a maturity analysis of the benefit
payments.
199 Multi-employer defined benefit plans

Where an entity participates in a multi-employer defined benefit plan, it
shall disclose:
(a) a description of the funding arrangements, including the method used IAS 19 (2011)
to determine the entity's rate of contributions and any minimum funding - (148)(a)
requirements.
(b) a description of the extent to which the entity can be liable to the plan IAS 19 (2011)
for other entities' obligations under the terms and conditions of the multi- - (148)(b)
employer plan.
(c) a description of any agreed allocation of a deficit or surplus on:(i) wind- IAS 19 (2011)
up of the plan; or - (148)(c)(i)
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(ii) the entity's withdrawal from the plan. IAS 19 (2011)

- (148)(c)(ii)
(d) Where the entity accounts for that plan as if it were a defined IAS 19 (2011)
contribution plan additionally disclose the following.(i) the fact that the plan - (148)(d)(i)
is a defined benefit plan.
(ii) the reason why sufficient information is not available to enable the entity IAS 19 (2011)
to account for the plan as a defined benefit plan. - (148)(d)(ii)
(iii) the expected contributions to the plan for the next annual reporting IAS 19 (2011)
period. - (148)(d)(iii)
(iv) information about any deficit or surplus in the plan that may affect the IAS 19 (2011)
amount of future contributions, including the basis used to determine that - (148)(d)(iv)
deficit or surplus and the implications, if any, for the entity.
(v) an indication of the level of participation of the entity in the plan IAS 19 (2011)
compared with other participating entities . - (148)(d)(v)
200 Defined benefit plan that shares risk between entities under common control
Where an entity participates in a defined benefit plan that shares risks
between entities under common control, it shall disclose:
(a) the contractual agreement or stated policy for charging the net defined IAS 19 (2011)
benefit cost. - (149)(a)
(aa) the fact that there is no such policy for charging the net defined benefit IAS 19 (2011)
cost. - (149)(a)
(b) the policy for determining the contribution to be paid by the entity. IAS 19 (2011)
- (149)(b)
(c) if the entity accounts for an allocation of the net defined benefit cost
information about the plan as a whole. Disclose:
Note
This information can be disclosed by cross-reference to disclosures in
another group entity's financial statements if:(a) that group entity's financial
statements separately identify and disclose the information required about
the plan; and(b) that group entity's financial statements are available to
users of the financial statements on the same terms as the financial
statements of the entity and at the same time as, or earlier than, the
financial statements of the entity.
(A) Information in a disaggregated to distinguish plans or groups of plans IAS 19 (2011)

with materially different risks . - (149)(c)
IAS 19 (2011)
- (138)
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(B) Information that explains the characteristics of its defined benefit IAS 19 (2011)
plans and risks associated with defined benefit plans . - (135)(a)
IAS 19 (2011)
- (136)
IAS 19 (2011)
- (149)(c)
(C) Information about defined benefit plans including:(i) the IAS 19 (2011)
characteristics of the entity's defined benefit plans. - (139)(a)
IAS 19 (2011)
- (149)(c)
- (a)(i)
IAS 19 (2011)
- (149)(c)
(iii) a description of the regulatory framework in which the plan IAS 19 (2011)
operates . - (149)(c)
IAS 19 (2011)
- (139)(a)(ii)
(iv) a description of any other entity's responsibilities for the IAS 19 (2011)
governance of the plan . - (149)(c)
IAS 19 (2011)
- (139)(a)(iii)
(D) a description of the risks to which the plan exposes the entity, IAS 19 (2011)
focused on any unusual, entity-specific or plan- specific risks, and of - (149)(c)
any significant concentrations of risk IAS 19 (2011)
. - (139)(b)
(E) a description of any plan amendments, curtailments and IAS 19 (2011)

settlements. - (149)(c)
IAS 19 (2011)
- (139)(c)
(F) Information that identifies and explains the amounts in its financial IAS 19 (2011)
IAS 19 (2011)
- (149)(c)
IAS 19 (2011)
- (135)(b)
(G) Provide a reconciliation from the opening balance to the closing IAS 19 (2011)
balance for the net defined benefit liability (asset). - (140)(a)
IAS 19 (2011)
- (149)(c)
(H) In respect of the reconciliation described in question 4.14.5A.1 IAS 19 (2011)

show a separate reconciliation from the opening balance to the - (149)(c)
closing balance for plan assets. IAS 19 (2011)
- (140)(a)(i)
(I) In respect of the reconciliation described in question 4.14.5A.1 IAS 19 (2011)
show a separate reconciliation from the opening balance to the - (149)(c)
closing balance for the present value of the defined benefit obligation. IAS 19 (2011)
- (140)(a)(ii)
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(J) In respect of the reconciliation described in question 4.14.5A.1 IAS 19 (2011)

show a separate reconciliation from the opening balance to the - (140)(a)(iii) IAS
closing balance for the effect of the asset ceiling. 19 (2011)
- (149)(c)
(K) Provide a reconciliation from the opening balance to the closing IAS 19 (2011)
balance for any reimbursement rights. - (149)(c)
IAS 19 (2011)
- (140)(b)
(L) Describe the relationship between any reimbursement right and IAS 19 (2011)
the related obligation. - (140)(b)
IAS 19 (2011)
- (149)(c)
(M) Each reconciliation listed in G to L (as applicable) show each of IAS 19 (2011)
the following (if applicable):(a) current service cost. - (141)(a)
IAS 19 (2011)
- (149)(c)
(b) interest income or expense. IAS 19 (2011)

- (141)(b)
IAS 19 (2011)
- (149)(c)
(c) remeasurements of the net defined benefit liability (asset), IAS 19 (2011)
showing separately:(i) the return on plan assets, excluding amounts - (149)(c)
included in interest in (b). IAS 19 (2011)
- (141)(c)(i)
(ii) actuarial gains and losses arising from changes in demographic IAS 19 (2011)
assumptions . - (141)(c)(ii) IAS
19 (2011)
- (149)(c)
(iii) actuarial gains and losses arising from changes in financial IAS 19 (2011)
assumptions . - (149)(c)
IAS 19 (2011)
- (141)(c)(iii)
(iv) changes in the effect of limiting a net defined benefit asset to the IAS 19 (2011)
asset ceiling, excluding amounts included in interest income and - (141)(c)(iv) IAS
interest expense. 19 (2011)
- (149)(c)
(v) An entity shall also disclose how it determined the maximum IAS 19 (2011)
economic benefit available, ie whether those benefits would be in the - (141)(c)(iv) IAS
form of refunds, reductions in future contributions or a combination of 19 (2011)
both. - (149)(c)
(d) past service cost and gains and losses arising from settlements. IAS 19 (2011)
Note - (149)(c)
Past service cost and gains and losses arising from settlements need IAS 19 (2011)
not be distinguished if they occur together . - (141)(d)
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(e) the effect of changes in foreign exchange rates. IAS 19 (2011)

- (141)(e)
IAS 19 (2011)
- (149)(c)
(f) contributions to the plan, showing separately those by the IAS 19 (2011)
employer and by plan participants. - (141)(f)
IAS 19 (2011)
- (149)(c)
(g) payments from the plan, showing separately the amount paid in IAS 19 (2011)
respect of any settlements. - (149)(c)
IAS 19 (2011)
- (141)(g)
(h) the effects of business combinations and disposals. IAS 19 (2011)

- (141)(h)
IAS 19 (2011)
- (149)(c)
(N) Disaggregate the fair value of the plan assets into classes that IAS 19 (2011)
distinguish the nature and risks of those assets, subdividing each - (149)(c)
class of plan asset into those that have a quoted market price in an IAS 19 (2011)
active market and those that do not . - (142)
(O) the fair value of the entity's own transferable financial instruments IAS 19 (2011)
held as plan assets. - (149)(c)
IAS 19 (2011)
- (143)
(P) the fair value of plan assets that are property occupied by, or IAS 19 (2011)
other assets used by, the entity. - (143)
IAS 19 (2011)
- (149)(c)
(Q) The significant actuarial assumptions used to determine the IAS 19 (2011)
present value of the defined benefit obligation . - (149)(c)
Note 1: Such disclosure shall be in absolute terms (eg as an absolute IAS 19 (2011)
percentage, and not just as a margin between different percentages - (144)
and other variables).
(R) When an entity provides disclosures in total for a grouping of IAS 19 (2011)
plans, it shall provide such disclosures in the form of weighted - (149)(c)
averages or relatively narrow ranges. IAS 19 (2011)
- (144)
(S) Information that describes how its defined benefit plans may IAS 19 (2011)
affect the amount, timing and uncertainty of the entity's future cash - (135)(c)
flows. IAS 19 (2011)
- (136)
IAS 19 (2011)
- (149)(c)
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(T) a sensitivity analysis for each significant actuarial assumption (as IAS 19 (2011)
disclosed per question 4.15.7A and 4.15.7A.1 where applicable) as of - (149)(c)
the end of the reporting period, showing how the defined benefit IAS 19 (2011)
obligation would have been affected by changes in the relevant - (145)(a)
actuarial assumption that were reasonably possible at that date.
(U) the methods and assumptions used in preparing the sensitivity IAS 19 (2011)
analyses required by (a) and the limitations of those methods. - (145)(b)
IAS 19 (2011)
- (149)(c)
(V) changes from the previous period in the methods and IAS 19 (2011)
assumptions used in preparing the sensitivity analyses, and the - (145)(c)
reasons for such changes. IAS 19 (2011)
- (149)(c)
(W) a description of any asset-liability matching strategies used by IAS 19 (2011)

the plan or the entity, including the use of annuities and other - (149)(c)
techniques, such as longevity swaps, to manage risk. IAS 19 (2011)
- (146)
(X) Information in order to provide an indication of the effect of the IAS 19 (2011)
defined benefit plan on the entity's future cash flows, including:(a) a - (149)(c)
description of any funding arrangements and funding policy that IAS 19 (2011)
affect future contributions. - (147)(a)
(b) the expected contributions to the plan for the next annual IAS 19 (2011)
reporting period. - (149)(c)
IAS 19 (2011)
- (147)(b)
(c) information about the maturity profile of the defined benefit IAS 19 (2011)
obligation. - (149)(c)
Note: This will include the weighted average duration of the defined IAS 19 (2011)
benefit obligation and may include other information about the - (147)(c)
distribution of the timing of benefit payments, such as a maturity
analysis of the benefit payments.
(d) if the entity accounts for the contribution payable for the period IAS 19 (2011)
disclose information about the plan as a whole. Disclose: - (136)
Note IAS 19 (2011)
This information can be disclosed by cross-reference to disclosures - (149)(d)
in another group entity's financial statements if:(i) that group entity's IAS 19 (2011)
financial statements separately identify and disclose the information - (135)(a)
required about the plan; and(ii) that group entity's financial
statements are available to users of the financial statements on the
same terms as the financial statements of the entity and at the same
time as, or earlier than, the financial statements of the entity.(A)
information that explains the characteristics of its defined benefit
plans and risks associated with defined benefit plans .
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(B) Information about defined benefit plans including:(i) the IAS 19 (2011)
characteristics of the entity's defined benefit plans. - (149)(d)
IAS 19 (2011)
- (139)(a)
- (149)(d)
IAS 19 (2011)
- (a)(i)
(iii) a description of the regulatory framework in which the plan IAS 19 (2011)
operates . - (139)(a)(ii) IAS 19
(2011)
- (149)(d)
(iv) a description of any other entity's responsibilities for the IAS 19 (2011)
governance of the plan ., for example responsibilities of trustees or of - (149)(d)
board members of the plan. IAS 19 (2011)
- (139)(a)(iii)
(C) A description of the risks to which the plan exposes the entity, IAS 19 (2011)
focused on any unusual, entity-specific or plan- specific risks, and of - (149)(d)
any significant concentrations of risk IAS 19 (2011)
. - (139)(b)
(D) a description of any plan amendments, curtailments and IAS 19 (2011)

settlements. - (149)(d)
IAS 19 (2011)
- (139)(c)
(E) information that identifies and explains the amounts in its financial IAS 19 (2011)
IAS 19 (2011)
- (135)(b)
IAS 19 (2011)
- (149)(d)
(F) Disaggregate the fair value of the plan assets into classes that IAS 19 (2011)
distinguish the nature and risks of those assets, subdividing each - (142)
class of plan asset into those that have a quoted market price in an IAS 19 (2011)
active market and those that do not . - (149)(d)
(H) the fair value of the entity's own transferable financial instruments IAS 19 (2011)
held as plan assets - (149)(d)
IAS 19 (2011)
- (143)
(I) the fair value of plan assets that are property occupied by, or other IAS 19 (2011)
assets used by, the entity. - (149)(d)
IAS 19 (2011)
- (143)
(J) The significant actuarial assumptions used to determine the IAS 19 (2011)
present value of the defined benefit obligation . - (149)(d)
Note 1: Such disclosure shall be in absolute terms (eg as an absolute IAS 19 (2011)
percentage, and not just as a margin between different percentages - (144)
and other variables).
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(K) When an entity provides disclosures in total for a grouping of plans, it IAS 19 (2011)
shall provide such disclosures in the form of weighted averages or relatively - (144)
narrow ranges. IAS 19 (2011)
- (149)(d)
(L) Information that describes how its defined benefit plans may affect the IAS 19 (2011)
amount, timing and uncertainty of the entity's future cash f lows. - (135)(c)
IAS 19 (2011)
- (149)(d)
IAS 19 (2011)
- (136)
(M) In order to provide an indication of the effect of the defined benefit plan IAS 19 (2011)
on the entity's future cash flows, the following:(a) a description of any - (149)(d)
funding arrangements and funding policy that affect future contributions. IAS 19 (2011)
- (147)(a)
(b) the expected contributions to the plan for the next annual reporting IAS 19 (2011)
period. - (147)(b)
IAS 19 (2011)
- (149)(d)
201 Post employment Benefit plans - related party disclosure Where required by
IAS 24 an entity discloses information about:
(a) related party transactions with post-employment benefit plans; and IAS 19 (2011)
- (151)
(b) post-employment benefits for key management personnel. IAS 19 (2011)

- (151)
202 Post employment Benefit plans - contingent liabilities Where required by IAS IAS 19 (2011)
37 an entity discloses information about contingent liabilities arising from - (152)
post-employment benefit obligations.
203 Defined Benefit Obligations - Additional Disclosures If the disclosures IAS 19 (2011)
provided in accordance with the - (137)
requirements of IAS 19 (June 2011) and other IFRSs are insufficient to meet
the disclosure objectives , disclose additional information necessary to meet
those objectives.
Financial Instruments

205 Classes of financial instrument and level of disclosure When IFRS 7 IFRS 7 - 6
requires disclosures by class of financial instrument, an entity shall provide
sufficient information to permit reconciliation to the line items presented in
the balance sheet.
206 Associates and/or jointly controlled entities accounted for at FVTPL IFRS 7 - 3(a)
An entity that accounts for its investments in associates and/or jointly
controlled entities at fair value through profit
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or loss or as held for trading shall apply the requirements of IFRS 7 in

respect of required disclosures.
207 Categories of financial assets and financial liabilities

The carrying amounts of each of the following categories shall be disclosed
either on the face of the balance sheet or in the notes:
(a) financial assets at fair value through profit or loss, showing separately (i) IFRS 7 - 8(a)
those designated as such upon initial recognition and (ii) those classified as
held for trading;
(b) held-to-maturity investments; IFRS 7 - 8(b)
(c) loans and receivables; IFRS 7 - 8(c)
(d) available-for-sale financial assets; IFRS 7 - 8(d)
(e) financial liabilities at fair value through profit or loss, showing separately IFRS 7 - 8(e)
(i) those designated as such upon initial recognition and (ii) those classified
as held for trading; and
(f) financial liabilities measured at amortised cost. IFRS 7 - 8(f)
208 Categories of Financial Liability (IAS 39)

The carrying amounts of each of the following categories of financial liability
shall be disclosed either on the face of the balance sheet or in the notes:
(a) financial liabilities at fair value through profit or loss, showing separately IFRS 7 - (8)(e)
(i) those designated as such upon initial recognition and (ii) those classified
as held for trading; and
(b) financial liabilities measured at amortised cost. IFRS 7 - (8)(e)
209 Financial assets at fair value through profit or loss

If the entity has designated a loan or receivable (or group of loans or
receivables) as at fair value through profit or loss, disclose:
(a) the maximum exposure to credit risk of the loan or receivable (or group IFRS 7 - 9(a)
of loans or receivables) at the reporting date;
(b) the amount by which any related credit derivatives or similar instruments IFRS 7 - 9(b)
mitigate that maximum exposure to credit risk;
(c) the amount of change, during the period and cumulatively, in the fair IFRS 7 - 9(c)
value of the loan or receivable (or group of loans or receivables) that is
attributable to changes in the credit risk of the financial asset;
(d) the methods used to arrive at the above amounts; IFRS 7 - 11
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(e) if the entity believes that the disclosure given to comply with the above IFRS 7 - 11
does not faithfully represent the change in the fair value of the financial
asset attributable to changes in its credit risk, disclose the reasons for
reaching this conclusion and the factors it believes are relevant and;
(f) the amount of the change in the fair value of any related credit IFRS 7 - 9(d)
derivatives or similar instruments that has occurred during the period and
cumulatively since the loan or receivable was designated.
210 Financial liabilities at fair value through profit or loss

If the entity has designated a financial liability as at fair value through profit
or loss disclose:
(a) the amount of change, during the period and cumulatively, in the fair IFRS 7 - 10(a)
value of the financial liability that is attributable to changes in the credit risk
of that liability;
(b) the difference between the financial liability’s carrying amount and the IFRS 7 - 10(b)
amount the entity would be contractually required to pay at maturity to the
holder of the obligation;
(c) the methods used to arrive at the above amounts; and IFRS 7 - 11
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(d) if the entity believes that the disclosure given to comply with the above IFRS 7 - 11
does not faithfully represent the change in the fair value of the financial
liability attributable to changes in its credit risk, disclose the reasons for
reaching this conclusion and the factors is believes are relevant.
211 Reclassification of financial assets in respect of their measurement IFRS 7 - 12

If the entity has reclassified a financial asset as one measured at cost or
amortised cost, rather than at fair value; or at fair value, rather than at cost
or amortised cost, disclose:
(a) the amount reclassified into and out of each category; and IFRS 7 - 12
(b) the reason for that reclassification. IFRS 7 - 12

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212 Reclassification of financial assets in respect of their measurement

If the entity has reclassified a financial asset (in accordance with paragraphs
51-54 of IAS 39 (as amended in October 2008) as one measured at cost or
amortised cost, rather than at fair value; or at fair value, rather than at cost
or amortised cost, disclose:
(a) the amount reclassified into and out of each category; and IFRS 7 - 12
(b) the reason for that reclassification. IFRS 7 - 12
213 Reclassification
If the entity has reclassified a financial asset (In accordance with
Paragraphs 51 - 54 of IAS 39 as one measured at cost or amortised cost,
rather than at fair value; or at fair value, rather than at cost or amortised
cost, disclose:
(a) the amount reclassified into and out of each category; IFRS 7 - 12A
(b) for each reporting date until derecognition, the carrying amount and fair IFRS 7 - 12A
values of all financial assets that have been reclassified in the current and
previous periods;
(c) if a financial asset was reclassified in accordance with paragraph 50B of IFRS 7 - 12A
IAS 39 (October 2008 amendment), the rare situation, and the facts and
circumstances indicating that the situation was rare;
(d) for the reporting period when the financial asset was reclassified, the fair IFRS 7 - 12A
value gain or loss on the financial asset recognised in profit or loss or other
comprehensive income in that reporting period and in the previous reporting
period;
(e) for each reporting period following the reclassification (including the IFRS 7 - 12A
reporting period in which the financial asset was reclassified) until
derecognition of the financial asset, the fair value gain or loss that would
have been recognised in profit or loss or other comprehensive income if the
financial asset had not been reclassified, and the gain, loss, income and
expense recognised in profit or loss; and
(f) the effective interest rate and estimated amounts of cash flows the entity IFRS 7 - 12A
expects to recover, at the date of the reclassification of the financial assets.
214 Transfer of financial assets that do not qualify for derecognition

Where the entity has transferred financial assets in such a way that part or
all of the financial assets do not qualify for derecognition then for each class
of financial asset disclose:
(a) the nature of the assets; IFRS 7 - 13(a)
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(b) the nature of the risks and rewards of ownership to which the entity IFRS 7 - 13(b)
remains exposed;
(c) when the entity continues to recognise all of the assets, the carrying IFRS 7 - 13(c)
amounts of the assets and of the associated liabilities; and
(d) when the entity continues to recognise the assets to the extent of its IFRS 7 - 13(d)
continuing involvement, the total carrying amount of the original assets, the
amount of the assets that the entity continues to recognise, and the carrying
amount of the associated liabilities.
215 Presentation of Transferred Financial Asset Disclosures The entity shall IFRS 7 - 42A
present the disclosures required in respect of transfers of financial assets
required by IFRS 7 in a single note in its financial statements.
Note: An entity need not provide the disclosures required by Disclosures -
Transfers of Financial Assets (Amendments to IFRS 7) for any period
presented that begins before 1 July 2011.
216 Transfer of Financial Assets (Assets not derecognised) IFRS 7 - 42B(a)

In respect of transfers of financial assets disclose information to enable
users to understand the relationship between transferred financial assets
that are not derecognised in their entirety and the associated liabilities.
217 Transfer of Financial Assets (Assets not derecognised but continuing IFRS 7 - 42A
involvement)
An entity shall provide the required disclosures for all transferred financial
assets that are not derecognised existing at the reporting date irrespective
of the date when the related transfer transaction occurred.
218 Transfer of Financial Assets (Assets not derecognised but continuing IFRS 7 - 42A
involvement)
An entity shall provide the required disclosures for any continuing
involvement in a transferred financial asset existing at the reporting date
irrespective of the date when the related transfer transaction occurred.
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219 Transferred financial assets that are not derecognised in their entirety
Where the entity has transferred financial assets in such a way that part or
all of the financial assets do not qualify for derecognition the entity shall
disclose at each reporting date FOR EACH CLASS OF FINANCIAL ASSET
that at
are not derecognised in their entirety:
(a) the nature of the transferred assets; IFRS 7 - 42D(a)
(b) the nature of the risks and rewards of ownership to which the entity is IFRS 7 - 42D(b)
exposed;
(c) a description of the nature of the relationship between the transferred IFRS 7 - 42D(c)
assets and the associated liabilities, including restrictions arising from the
transfer on the reporting entity's use of the transferred assets.
(d) when the counterparty(counterparties) to the associated liabilities has IFRS 7 - 42D(d)
(have) recourse only to the transferred financial assets, as schedule that
sets out:(i) the fair value of the transferred assets;
(ii) the fair value of the associated liabilities; and IFRS 7 - 42D(d)
(iii) the net position IFRS 7 - 42D(d)
(e) when the entity continues to recognise all of the transferred assets, the IFRS 7 - 42D(e)
carrying amounts of: (i) the transferred assets; and
(ii) the transferred liabilities. IFRS 7 - 42D(e)
(f) when the entity continues to recognise the assets to the extent of its IFRS 7 - 42D(f)
continuing involvement (per IAS 39 20(c)(ii) and 30 the carrying amounts of:
(i) the assets that the entity continues to recognise; and
(ii) the carrying amount of the associated liabilities. IFRS 7 - 42D(f)
220 Transfers of financial assets (not derecognised) - supplementary information IFRS 7 - 42H
In respect of the requirement to disclose information to enable users to
understand the relationship between transferred financial assets that are not
derecognised in their entirety and the associated liabilities disclose any
additional information that is considered necessary to meet this disclosure
objective.
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221 Entity's continuing involvement in derecognised transferred financial assets IFRS 7 - 42B(b)
In respect of transfers of financial assets disclose information to enable
users to evaluate the nature of, and risks associated with, the entity's
continuing involvement in derecognised financial assets.
222 Transferred financial assets that are derecognised - aggregation IFRS 7 - B33
In making the qualitative and quantitative disclosures in respect of
continuing involvement in derecognised financial assets an entity shall
aggregate its continuing involvement into types that are representative of
the entity's exposure to risks.
223 Transferred financial assets that are derecognised in their entirety

(continuing involvement)
Where the entity has derecognised transferred financial assets in their
entirety (per paragraphs 20(a) and 20(c)(i) of IAS 39 but has continuing
involvement in them, the entity shall disclose as a minimum FOR EACH
TYPE OF CONTINUING INVOLVEMENT at each reporting date: Note: Per
IFRS 7 paragraph 42F an entity may aggregate the information required by
this question in respect of a particular asset if the entity has more than one
type of continuing involvement in that derecognised financial asset, and
report it under one type of continuing involvement.
(a) the carrying amount of the assets and liabilities that are recognised in IFRS 7 - 42E(a)
the entity's statement of financial position and represent the entity's
continuing involvement in the derecognised financial assets;
(b) the line items in which the carrying amounts of those assets and IFRS 7 - 42E(a)
liabilities (in question 4.15.35B.1) are recognised;
(c) the fair value of the assets and liabilities that represent the entity's IFRS 7 - 42E(b)
continuing involvement in the derecognised financial assets;
(d) the amount that best represents the entity's maximum exposure to loss IFRS 7 - 42E(c)
from its continuing involvement in the derecognised financial assets;
(e) information on how the maximum exposure to loss (above in question IFRS 7 - 42E(c)
4.15.35B.1 (d)) is determined;
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(f) the undiscounted cash outflows that would or may be required to IFRS 7 - 42E(d)
repurchase derecognised financial assets or the amounts payable to the
transferee in respect of the transferred assets.
Note: where cash outflows are variable then the amount disclosed should
be based on the conditions that existed at each reporting date.
(g) a maturity analysis of the undiscounted cash outflows that:(i) that would IFRS 7 - 42E(e)
be required to repurchase the derecognised financial assets showing the
remaining contractual maturities of the entity's continuing involvement;
(ii) that may be required to repurchase the derecognised financial assets, IFRS 7 - 42E(e)
showing the remaining contractual maturities of the entity's continuing
involvement;
(iii) other amounts payable to the transferee in respect of the transferred IFRS 7 - 42E(e)
financial assets, showing the remaining contractual maturities of the entity's
continuing involvement.
(h) qualitative information that explains and supports the quantitative IFRS 7 - 42E(f)
disclosures in parts (a) to (g) above.
224 Additional disclosures

The entity shall disclose for EACH TYPE of continuing involvement:
Note: This information is required for each period for which a statement of
comprehensive income is presented.

(a) the gain or loss recognised at the date of transfer of the financial assets; IFRS 7 - 42G(a)
(b) if a gain or loss on derecognition arose because the fair values of the IFRS 7 - 42G(a)
components of the previously recognised asset (i.e. the interest in the asset IFRS 7 - B38
derecognised and the interest retained by the entity) were different from the
fair value of the previous recognised asset as a whole.
(c) In that situation, the entity shall disclose whether the fair value IFRS 7 - 42G(a)
measurements included significant inputs that were not based on IFRS 7 - B38
observable market data (as described in paragraph 27A of IFRS 7 .
(d) income and expenses recognised in the reporting period from the entity's IFRS 7 - 42G(b)
continuing involvement in the derecognised financial assets
(e) income and expense recognised cumulatively from the entity's IFRS 7 - 42G(b)
continuing involvement in the derecognised financial assets.
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(f) if the total amount of proceeds from the transfer activity (that qualifies for IFRS 7 - 42G(c)(i)
derecognition) in a reporting period is not distributed evenly throughout the
reporting period disclose: (i) when the greatest transfer activity took place
within that reporting period ;
(ii) the amount (e.g. related gains and losses) recognised from transfer IFRS 7 - 42G(c)
activity in that part of the reporting period; (ii)
(iii) the total amount of proceeds from transfer activity in that part of the IFRS 7 -
reporting period. 42G(c)(iii)
225 Transfers of financial assets IFRS 7 - 42H
In respect of the requirement to disclose information to enable users to
evaluate the nature of, and risks associated with, the entity's continuing
involvement in derecognised financial assets disclose any additional
information that is considered necessary to meet this disclosure objective.
226 Financial assets pledged as collateral for liabilities or contingent liabilities

Where financial assets are pledged as collateral for liabilities or contingent
liabilities disclose:
(a) the carrying amount of financial assets it has pledged as collateral IFRS 7 - 14(a)
including amounts that have been reclassified in accordance with IAS 39
paragraph 37(a); and
(b) the terms and conditions relating to its pledge. IFRS 7 - 14(b)
227 Collateral held for financial and non-financial assets When an entity holds
collateral (of financial or non- financial assets) and is permitted to sell or
repledge the collateral in the absence of default by the owner of the
collateral disclose:
(a) the fair value of the collateral held; IFRS 7 - 15(a)
(b) the fair value of any such collateral sold or repledged and whether the IFRS 7 - 15(b)
entity has an obligation to return it; and
(c) the terms and conditions associated with its use of the collateral. IFRS 7 - 15(c)
228 Allowance for credit losses IFRS 7 - 16
When financial assets are impaired by credit losses and the entity records
the impairment in a separate account rather than directly reducing the
carrying amount of the asset, disclose a reconciliation of changes in that
account during the period for each class of financial asset.
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229 Allowance for credit losses

The carrying amount of financial assets measured at fair value through
other comprehensive income is not reduced by a loss allowance and an
entity shall not present the loss allowance separately in the statement of
financial position as a reduction of the carrying amount of the financial
asset. However, an entity shall disclose the loss allowance in the notes to
the financial statements.
230 Compound financial instruments with multiple embedded derivatives IFRS 7 - 17

Where a financial instrument contains both a liability and an equity
component and the instrument has multiple embedded derivatives whose
values are interdependent, disclose the existence of those features.
231 Defaults and breaches of loans payable

For loans payable recognised at the reporting date disclose:
(a) details of any defaults during the period of principal, interest, sinking IFRS 7 - 18(a)
fund, or redemption terms of those loans payable;
(b) the carrying amount of the loans payable in default at the reporting date; IFRS 7 - 18(b)
and
(c) whether the default was remedied, or the terms of the loans payable IFRS 7 - 18(c)
were renegotiated, before the financial statements were authorised for
issue.
232 Other defaults and breaches of loans payable

Where other breaches permitted the lender to demand accelerated
repayment (unless these breaches were remedied, or the terms of the loan
were renegotiated, on or before the reporting date) disclose:
(a) the details of the default; IFRS 7 - 19
(b) the carrying amount of the loans payable in default at the reporting date; IFRS 7 - 19
and
(c) whether the default was remedied, or the terms of the loans payable IFRS 7 - 19
were renegotiated, before the financial statements were authorised for
issue.
233 Items of income, expense, gain or losses

Disclose on the face of the financial statements or in the notes:
(a) net gains or net losses on financial assets or financial liabilities at fair IFRS 7 - 20(a)(i)
value through profit or loss, showing separately those on financial assets or
financial liabilities designated as such upon initial recognition, and those on
financial assets or financial liabilities that are classified as held for trading;
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(b) net gains or net losses on available-for-sale financial assets, showing IFRS 7 -
separately the amount of gain or loss recognised in other comprehensive 20(a)(ii)
income (directly in equity if not applying IAS 1 (2007) presentation
terminology) during the period and the amount reclassified (removed) from
equity and recognised in profit or loss for the period;
(c) net gains or net losses on held-to-maturity investments; IFRS 7 -

20(a)(iii)
(d) net gains or net losses on loans and receivables; IFRS 7 -
20(a)(iv)
(e) net gains or net losses on financial liabilities measured at amortised cost; IFRS 7 - 20(a)(v)
(f) total interest income and total interest expense (calculated using the IFRS 7 - 20(b)
effective interest method) for financial assets or financial liabilities that are
not at fair value through profit or loss;
(g) fee income and expense (other than amounts included in determining IFRS 7 - 20(c)(i)
the effective interest rate) arising from financial assets or financial liabilities
that are not at fair value through profit or loss;
(h) fee income and expense (other than amounts included in determining IFRS 7 -
the effective interest rate) arising from trust and other fiduciary activities that 20(c)(ii)
result in the holding or investing of assets on behalf of individuals, trusts,
retirement benefit plans, and other institutions;
(i) interest income on impaired financial assets; and IFRS 7 - 20(d)
(j) the amount of any impairment loss for each class of financial asset. IFRS 7 - 20(e)
234 Items of income, expense, gain or losses - IAS 39 Financial Liabilities

Disclose the following items of income, expense, gains or losses either in
the statement of comprehensive income or in the notes:
(a) net gains or net losses on:(i) financial liabilities at fair value through profit IFRS 7 - (20)(a)(i)
or loss for financial liabilities designated as such upon initial recognition.
(ii) financial liabilities at fair value through profit or loss for financial liabilities IFRS 7 - (20)(a)(i)
that are classified as held for trading.
(iii) financial liabilities measured at amortised cost. IFRS 7 - (20)(a)(v)
(b) total interest income and total interest expense (calculated using the IFRS 7 - (20)(b)
effective interest method) for financial liabilities that are not at fair value
through profit or loss.
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(c) fee income and expense (other than amounts included in determining IFRS 7 - (20)(c)(i)
the effective interest rate) arising from financial liabilities that are not at fair
value through profit or loss.
235 Financial Assets measured at amortised cost - derecognition IFRS 7 - (20A)

Disclose an analysis of the gain or loss recognised in the statement of
comprehensive income arising from the derecognition of financial assets
measured at amortised cost, showing separately gains and losses arising
from derecognition of those financial assets.
236 Financial Assets measured at amortised cost - derecognition IFRS 7 - (20A)

Disclose the reasons for derecognising the financial assets as per question
4.15.42D above.
237 Gain or loss on extinguishing financial liabilities with equity instruments IFRIC 19 - 11
Disclose the gain or loss recognised on extinguishing a financial liability (or
part of a financial liability) by issuing equity instruments either as a separate
line in profit or loss, or in the notes.
238 Hedge accounting

For each type of hedge (for example fair value hedges, cash flow hedges,
and hedges of net investments in foreign operations) separately disclose:
(a) a description of each type of hedge; IFRS 7 - 22(a)
(b) a description of the financial instruments designated as hedging IFRS 7 - 22(b)

instruments and their fair values at the reporting date; and
(c) the nature of the risks being hedged. IFRS 7 - 22(c)
239 Cash flow hedges

For cash flow hedges disclose:
(a) the periods when the cash flows are expected to occur and when they IFRS 7 - 23(a)
are expected to affect profit or loss;
(b) a description of any forecast transaction for which hedge accounting had IFRS 7 - 23(b)
previously been used, but which is no longer expected to occur;
(c) the amount that was recognised in other comprehensive income (in IFRS 7 - 23(c)
equity if not applying IAS 1 (2007) presentation terminology) during the
period;
(d) the amount that was reclassified (removed) from equity and included in IFRS 7 - 23(d)
profit or loss for the period, showing the amount included in each line item in
the income statement; and
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(e) the amount that was removed from equity during the period and IFRS 7 - 23(e)
included in the initial cost or other carrying amount of a non-financial asset
or non-financial liability whose acquisition or incurrence was a hedged
highly probable forecast transaction.
240 Hedging Arrangements Disclose separately:
(a) In fair value hedges gains or losses on the hedging instrument; IFRS 7 - 24(a)
(b) In fair value hedges gains or losses on the hedged item attributable to IFRS 7 - 24(b)
the hedged risk;
(c) the ineffectiveness recognised in profit or loss that arises from cash flow IFRS 7 - 24(b)
hedges; and
(d) the ineffectiveness recognised in profit or loss that arises from hedges IFRS 7 - 24(c)
of net investments in foreign operations.
b) Information that allows uses to evaluate how the entity manages each
risk (this includes whether the item is hedged in its entirety for all risks or
hedges a risk component(s) of the item and why)
c) Information that allows uses to evaluate the extent of risk exposures that
the entity manages
d) A description of the hedging instruments that are used (and how they
are used) to hedge risk exposures
e) A description of how the entity determines the economic relationship
between the hedged item and the hedging instrument for the purpose of
assessing hedge effectiveness
f) A description of how the entity establishes the hedge ratio and what the
sources of hedge ineffectiveness are
g) For each separate risk component designated as a hedged item
disclose qualitative or quantitative information about how the entity
determined the risk component that is designated as the hedged item
(including a description of the nature of the relationship between the risk
component and the item as a whole);
h) For each separate risk component designated as a hedged item

disclose qualitative or quantitative information about how the risk
component relates to the item in its entirety.
241 Hedging: The amount, timing and uncertainty of future cash flows
For each risk category the entity shall disclose:
(For situations in which the hedge relationship is not frequently reset)a)
quantitative information to allow users of its financial statements to
evaluate the terms and conditions of hedging instruments and how they
affect the
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amount, timing and uncertainty of future cash flows of the entity. These disclosures shall include:
a-i) a profile of the timing of the nominal amount of the hedging instrument; and
a-ii) if applicable, the average price or rate (for example strike or forward prices etc) of the hedging
instrument.
(For situations in which an entity frequently resets hedging relationships because both the hedging
instrument and the hedged item frequently change)b-i) information about what the ultimate risk
management strategy is in relation to those hedging relationships;
b-ii) a description of how it reflects its risk management strategy by using hedge accounting and
designating those particular hedging relationships; and
b-iii) an indication of how frequently the hedging relationships are discontinued and restarted as
part of the entity’s process in relation to those hedging relationships
c) description of the sources of hedge ineffectiveness that are expected to affect the hedging
relationship during its term
(If other sources of hedge ineffectiveness emerge in a hedging relationship)d) the other sources of
hedge ineffectiveness along with an explanation of the resulting hedge ineffectiveness
(For cash flow hedges)e) a description of any forecast transaction for which hedge accounting had
been used in the previous period, but which is no longer expected to occur
242 Fair Value Hedges: Effects on financial position and performance

An entity must disclose the following in tabular format separately for each risk category:
a) for items designated as hedging instruments: a-i) the carrying amount of the hedging
instruments (financial assets separately from financial liabilities);
a-ii) the line item in the statement of financial position that includes the hedging instrument;
a-iii) the change in fair value of the hedging instrument used as the basis for recognising hedge
ineffectiveness for the period;
a-iv) the nominal amounts (including quantities such as tonnes or cubic metres) of the hedging
instruments.
b) the following amounts related to hedged items: b-i) the carrying amount of the hedged item
recognised in the
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statement of financial position (presenting assets separately from liabilities);
b-ii) (ii) the accumulated amount of fair value hedge adjustments on the hedged item included in
the carrying amount of the hedged item recognised in the statement of financial position
(presenting assets separately from liabilities);
b-iii) the line item in the statement of financial position that includes the hedged item;
b-iv) the change in value of the hedged item used as the basis for recognising hedge
ineffectiveness for the period; and
b-v) the accumulated amount of fair value hedge adjustments remaining in the statement of
financial position for any hedged items that have ceased to be adjusted for hedging gains and
losses
c) the amount of: c-i)hedge ineffectiveness—ie the difference between the hedging gains or losses
of the hedging instrument and the hedged item—recognised in profit or loss (or other
comprehensive income for hedges of an equity instrument for which an entity has elected to
present changes in fair value in other comprehensive income);
c-ii) the line item in the statement of comprehensive income that includes the recognised hedge
ineffectiveness
243 Cash Flow Hedges and Hedges of a Net Investment: Effects on financial position and performance
An entity must disclose separately for both cash flow hedges and hedges of net investment in a
foreign operation the following in tabular format separately for each risk category:
a) for items designated as hedging instruments: a-i) the carrying amount of the hedging
instruments (financial assets separately from financial liabilities);
a-ii) the line item in the statement of financial position that includes the hedging instrument;
a-iii) the change in fair value of the hedging instrument used as the basis for recognising hedge
ineffectiveness for the period;
a-iv) the nominal amounts (including quantities such as tonnes or cubic metres) of the hedging
instruments.
b) the following amounts related to hedged items: b-i) the change in value of the hedged item used
as the basis for recognising hedge ineffectiveness for the period (ie for
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cash flow hedges the change in value used to determine the recognised
hedge ineffectiveness);
b-ii) the balances in the cash flow hedge reserve and the foreign currency
translation reserve for continuing hedges that are accounted for
b-iii) the balances remaining in the cash flow hedge reserve and the foreign
currency translation reserve from any hedging relationships for which hedge
accounting is no longer applied
c) the amount of: c-i) hedging gains or losses of the reporting period that
were recognised in other comprehensive income;
c-ii) hedge ineffectiveness recognised in profit or loss;
c-iii) the line item in the statement of comprehensive income that includes
the recognised hedge ineffectiveness;
c-iv) the amount reclassified from the cash flow hedge reserve or the foreign
currency translation reserve into profit or loss as a reclassification
adjustment (see IAS 1) (differentiating between amounts for which hedge
accounting had previously been used, but for which the hedged future cash
flows are no longer expected to occur, and amounts that have been
transferred because the hedged item has affected profit or loss);
c-v) the line item in the statement of comprehensive income that includes
the reclassification adjustment
(For hedges of net position only)c-vi) the hedging gains or losses

recognised in a separate line item in the statement of comprehensive
income
244 Unrepresentive volumes of hedges

For situations in which an entity frequently resets hedging relationships
because both the hedging instrument and the hedged item frequently
change and the frequency of these resets is unrepresentative of normal
volumes during the period (ie the volume at the reporting date does not
reflect the volumes during the period) an entity shall disclose that fact and
the reason it believes the volumes are unrepresentative.
245 Fair value disclosures for classes of assets and liabilities Where disclosure IFRS 7 - 25
of fair value is required, disclose the fair value of each class of assets and
liabilities in a way that permits it to be compared with its carrying amount.
246 Fair value disclosures – grouping and offset IFRS 7 - 26
Are financial assets and financial liabilities grouped into classes and offset
only to the extent that their carrying amounts are offset in the balance
sheet?
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247 Fair value Disclose:
(a) the methods and, when a valuation technique is used, the assumptions IFRS 7 - 27(a)
applied in determining fair values of each class of financial assets or
financial liabilities; and
(b) whether fair values are determined, in whole or in part, directly by IFRS 7 - 27(b)
reference to published price quotations in an active market or are estimated
using a valuation technique.
248 Fair value disclosures

An entity shall disclose for each class of financial instruments:
(i) the methods applied in determining fair values of each class of financial IFRS 7 - 27
assets or financial liabilities
(ii) when a valuation technique is used the assumptions applied in IFRS 7 - 27
determining fair values of each class of financial assets or financial
liabilities.
249 Changes in fair value technique
If there has been a change in valuation technique, the entity shall disclose:
(i) that change; and IFRS 7 - 27

(ii) the reasons for making that change. IFRS 7 - 27
250 Fair values recognised or disclosed are determined in whole or in part using
a valuation technique
Fair values recognised or disclosed are determined in whole or in part using
a valuation technique based on assumptions that are not supported by
prices from observable current market transactions in the same instrument
(ie without modification or repackaging) and not based on available
observable market data
If changing one or more of the assumptions to reasonable possible
alternative assumptions would change the fair value significantly, disclose:
(a) that fact; IFRS 7 - 27(c)

(b) the effect of those changes; and IFRS 7 - 27(c)
(c) the total amount of the change in fair value estimated using such a IFRS 7 - 27(d)
valuation technique that was recognised in profit or loss during the period.
251 Fair value disclosures - hierarchy
For fair value measurements recognised in the statement of financial
position an entity shall disclose for each class of financial instruments:
Note for question 4.15.49A: The entity need not provide the disclosures
required by the amendment to IFRS 7 'Improving Disclosures about financial
instruments' FOR:(1) any annual or interim period, including any statement
of financial position, presented within an annual comparative period ending
before 31 December 2009;
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or(2) any statement of financial position as at the beginning of the

earliest comparative period as at a date before 31 December 2009.
An entity taking advantage of this exemption is required to disclose
that fact.
(a) the level in the fair value hierarchy into which the fair value IFRS 7 - 27B(a)
measurements are categorised in their entirety, segregating fair value
measurements in accordance with the levels (defined in paragraph
27A of IFRS 7 :
(b) any significant transfers between Level 1 and Level 2 of the fair IFRS 7 - 27B(b)
value hierarchy and the reasons for those transfers. (Significance
shall be judged with respect of profit or loss, and total assets or total
liabilities).
Note: transfers into each level shall be disclosed separately from
transfers out of each level.
(c) for fair value measurements in Level 3 of the fair value hierarchy, IFRS 7 - 27B(c)(i)
a reconciliation from the beginning balances to the ending balances,
disclosing separately changes during the period attributable to the
following:(i) total gains or total losses for the period recognised in
profit or loss, and a description of where they are presented in the
statement of comprehensive income or the separate income
statement (if presented).
(ca) for fair value measurements in Level 3 of the fair value hierarchy,
a reconciliation from the beginning balances to the ending balances,
disclosing separately changes during the period attributable to the
following:
(i) total gains or total losses for the period recognised in profit or loss, IFRS 7 - 27B
and a description of where they are presented in the statement(s) of (c)(i)
profit or loss and other comprehensive income.
(ii) total gains or losses recognised in other comprehensive income IFRS 7 - 27B(c)(ii)
(iii) purchases, sales, issues and settlements (each type of IFRS 7 -

movement disclosed separately); and 27B(c)(iii)
(iv) transfers into or out of Level 3 (e.g. transfers attributable to IFRS 7 - 27B(c)(iv)
changes in the observability of market data) and the reasons for
those transfers.
Note: For significant transfers, transfers into and out of Level 3 shall
be disclosed and discussed separately from transfers out of level 3.
(d) the amount of total gains or losses for the period in question IFRS 7 - 27B(d)
4.15.49 c(i) above included in profit or loss that are attributable to
gains or losses relating to those assets and liabilities held at the end
of the reporting period and a description of where those gains or
losses are presented in the statement of comprehensive income or
the separate income statement (if presented).
(e) for fair value measurements in Level 3, if changing one or more of IFRS 7 - 27B(e)(i)
the inputs to reasonably possible
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alternative assumptions would change fair values significantly the entity

shall:(i) state that fact;
(ii) disclose the effect of those changes; and IFRS 7 - 27B(e)(ii)
(iii) disclose how the effect of a change to a reasonably possible alternative IFRS 7 -
assumption was calculated. 27B(e)(iii)
252 Presentation of quantitative fair value disclosures IFRS 7 - 27B

The information required by IFRS 7 in question 4.15.49A above in respect of
the quantitative disclosures shall be presented in a tabular format unless
another format is more appropriate.
253 Financial instruments with no active market

Where an entity establishes its fair value using a valuation technique and
there is a difference between the fair value at initial recognition and the
amount that would be determined at that date using the valuation technique
then, unless conditions described in paragraph AG76 of IAS 39 are met,
disclose by class of asset:
(a) the accounting policy for recognising that difference in profit or loss to IFRS 7 - 28(a)
reflect a change in factors (including time) that market participants would
consider in setting a price; and
(b) the aggregate difference yet to be recognised in profit or loss at the IFRS 7 - 28(b)
beginning and end of the period and a reconciliation of changes in the
balance of this difference.
254 Financial assets with nil gain or loss on initial recognition Where no gain or
loss arises on initial recognition of a financial asset (because fair value is
neither evidenced by a quoted price in an active market for an identical
asset or liability nor based on a valuation technique that uses only data from
observable markets) disclose by class of financial asset:
(a) its accounting policy for recognising in profit or loss the difference IFRS 7 - (28)(a)
between fair value at initial recognition and the transaction price (to reflect a
change in factors (including time) that market participants would take into
account when pricing that asset;
(b) the aggregate difference yet to be recognised in profit or loss at the IFRS 7 - (28)(b)
beginning and end of the period;
(c) a reconciliation of changes in the balance of that difference as noted IFRS 7 - (28)(b)
above;
(d) why the entity concluded that the transaction price was not the best IFRS 7 - (28)(c)
evidence of fair value, including a description of the evidence that supports
the fair value.
255 Financial liabilities with nil gain or loss on initial recognition
Where no gain or loss arises on initial recognition of a
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financial liability (because fair value is neither evidenced by a quoted price

in an active market for an identical asset or liability nor based on a valuation
technique that uses only data from observable markets) disclose by class of
financial liability
(a) its accounting policy for recognising in profit or loss the difference IFRS 7 - (28)(a)
between fair value at initial recognition and the transaction price (to reflect a
change in factors (including time) that market participants would take into
account when pricing that asset;
beginning and end of the period;
(c) a reconciliation of changes in the balance of that difference as noted IFRS 7 - (28)(b)
above;
(d) why the entity concluded that the transaction price was not the best IFRS 7 - (28)(c)
evidence of fair value, including a description of the evidence that supports
the fair value.
256 Investments in equity instruments that do not have a quoted price in an

active market or derivatives Investments in equity instruments that do not
have a quoted price in an active market or derivatives linked to such equity
instruments measured at cost as fair value cannot be measured reliably
Disclose:
(a) the fact that fair value information has not been disclosed for these IFRS 7 - 30
instruments because their fair value cannot be measured reliably;
(b) a description of the financial instruments, their carrying amount, and an IFRS 7 - 30
explanation of why fair value cannot be measured reliably;
(c) information about the market for the instruments; IFRS 7 - 30
(d) information about whether and how the entity intends to dispose of the IFRS 7 - 30
financial instruments; and
(e) if financial instruments whose fair value previously could not be reliably IFRS 7 - 30
measured are derecognised, that fact, their carrying amount at the time of
derecognition, and the amount of gain or loss recognised.
257 Contracts containing a discretionary participating feature which cannot be

reliably fair valued
Disclose:
(a) the fact that fair value information has not been disclosed for these IFRS 7 - 30
instruments because their fair value cannot be measured reliably;
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(b) a description of the financial instruments, their carrying amount, IFRS 7 - 30

and an explanation of why fair value cannot be measured reliably;
(c) information about the market for the instruments; IFRS 7 - 30
(d) information about whether and how the entity intends to dispose IFRS 7 - 30
of the financial instruments; and
(e) if financial instruments whose fair value previously could not be IFRS 7 - 30
reliably measured are derecognised, that fact, their carrying amount
at the time of derecognition, and the amount of gain or loss
recognised.
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258 Financial Instruments - offsetting IFRS 7 - 13B

Has the entity disclosed information to enable users of its financial
statements to evaluate the effect or potential effect of netting arrangements
on the entity’s financial position. Note: This includes the effect or potential
effect of rights of set-off associated with the entity’s recognised financial
assets and recognised financial liabilities.
259 Financial assets - offsetting

Disclose, at the end of the reporting period, the following quantitative
information separately for recognised financial assets:
(a) the gross amounts of those recognised financial assets. IFRS 7 - 13C(a)
(b) the amounts that are set off (in accordance with the criteria in paragraph IFRS 7 - 13C(b)
42 of IAS 32) when determining the net amounts presented in the statement
of financial position.
(c) the net amounts presented in the statement of financial position. Note: IFRS 7 - 13C(c)
The amount required to be disclosed must be reconciled to the individual
line item amounts presented in the statement of financial position.
(d) the amounts subject to an enforceable master netting arrangement or IFRS 7 - 13C(d)(i)
similar agreement that are not otherwise set off (in accordance with the IFRS 7 - 13D
criteria in paragraph 42 of IAS 32) when determining the net amounts
presented in the statement of financial position , including:"(i) amounts
related to recognised financial instruments that do not meet some or all of
the offsetting criteria in paragraph 42 of IAS 32; and Note: The total amount
disclosed for an instrument shall be limited to the amount disclosed in part
(c) for that instrument.
(ii) amounts related to financial collateral (including cash collateral); and IFRS 7 -
Note: The total amount disclosed for an instrument shall be limited to the 13DIFRS 7 -
amount disclosed in part 13C(d)(ii)
(iii)Disclose the fair value of those financial instruments that have been IFRS 7 -
pledged or received as collateral. B48IFRS 7 -
13C(d)(ii)
(e) the net amount after deducting the amounts in part (d) above from the IFRS 7 - 13C(e)
amounts in part (c) above.
(f) A description of resulting measurement differences in the amounts IFRS 7 - B42
disclosed in parts (a) to (e) (to extent relevant) of this question. Note: When
making the disclosures in this question the financial instruments are
disclosed at their recognised amounts.
(g) Where disclosures made in accordance with parts (a) to (e) (to extent IFRS 7 - B52
relevant) is provided by counterparty have:(i) amounts that are individually
significant in terms of total counterparty amounts been separately
disclosed?
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(ii) are the remaining individually insignificant counterparty amounts been IFRS 7 - B52
aggregated into one line item?
260 Financial assets - offsetting - tabular format IFRS 7 - 13C

The information required by this paragraph shall be presented in a tabular
format separately for financial assets unless another format is more
appropriate.
261 Financial assets - descriptions and rights
Has the entity included with regard to the arrangements disclosed in
questions 4.15.52B above, descriptions of:
(a) The types of rights of set off and similar arrangements? IFRS 7 -
13EIFRS 7 - B50
(b) The nature of those rights? IFRS 7 -

B50IFRS 7 - 13E
(c) The entity's conditional rights? IFRS 7 -

B50IFRS 7 - 13E
(d) For instruments subject to rights of set off that are not contingent on a IFRS 7 -
future event but that do meet the remaining criteria of IAS 32 paragraph 42, B50IFRS 7 - 13E
the reasons why the criteria are not met?
(e) For any financial collateral received or pledged, the terms of the IFRS 7 -
collateral agreement (for example, when the collateral is restricted)? B50IFRS 7 - 13E
262 Offsetting - Financial liabilities

Disclose, at the end of the reporting period, the following quantitative
information separately for recognised financial liabilities:
(a) the gross amounts of those recognised financial liabilities. IFRS 7 - 13C(a)
(b) the amounts that are set off (in accordance with the criteria in paragraph IFRS 7 - 13C(b)
42 of IAS 32) when determining the net amounts presented in the statement
of financial position.
(c) the net amounts presented in the statement of financial position. Note: IFRS 7 - 13C(c)
The amount required to be disclosed must be reconciled to the individual
line item amounts presented in the statement of financial position.
(d) the amounts subject to an enforceable master netting arrangement or IFRS 7 - 13C(d)(i)
similar agreement that are not otherwise set off (in accordance with the IFRS 7 - 13D
criteria in paragraph 42 of IAS 32) when determining the net amounts
presented in the statement of financial position, including:(i) amounts related
to recognised financial instruments that do not meet some or all of the
offsetting criteria in paragraph 42 of IAS 32; and Note: The total amount
disclosed for an instrument shall be limited to the amount disclosed in part
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(ii) amounts related to financial collateral (including cash collateral); and IFRS 7 - 13C(d)(ii)
Note: The total amount disclosed for an instrument shall be limited to the IFRS 7 - 13D
amount disclosed in part
(iii)Disclose the fair value of those financial instruments that have been IFRS 7 - 13C(d)(ii)
pledged or received as collateral. IFRS 7 - B48
(e) the net amount after deducting the amounts in part (d) above from the IFRS 7 - 13C(e)
amounts in part (c) above.
(f) A description of resulting measurement differences in the amounts IFRS 7 - B42

disclosed in parts (a) to (e) of this question. Note: When making the
disclosures in this question the financial instruments are disclosed at their
recognised amounts.
(g) Where disclosures made in accordance with parts (a) to (e) (to extent IFRS 7 - B52
relevant) is provided by counterparty have:(i) amounts that are individually
significant in terms of total counterparty amounts been separately
disclosed?
(ii) are the remaining individually insignificant counterparty amounts been IFRS 7 - B52
aggregated into one line item?
263 Financial liabilities - offsetting - tabular format IFRS 7 - 13C

The information required by this paragraph shall be presented in a tabular
format, separately for financial liabilities, unless another format is more
appropriate.
264 Financial liabilities - - descriptions and rights

Has the entity included with regard to the arrangements disclosed in
question 4.15.52C above, descriptions of:
(a) The types of rights of set off and similar arrangements? IFRS 7 - 13E
(b) The nature of those rights? IFRS 7 -

B50IFRS 7 - 13E
(c) The entity's conditional rights? IFRS 7 -

13EIFRS 7 - B50
(d) For instruments subject to rights of set off that are not contingent on a IFRS 7 -
future event but that do meet the remaining criteria of IAS 32 paragraph 42, 13EIFRS 7 - B50
the reasons why the criteria are not met?
(e) For any financial collateral received or pledged, the terms of the IFRS 7 -
collateral agreement (for example, when the collateral is restricted)? B50IFRS 7 - 13E
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265 Financial Instruments - off-setting - note linkage IFRS 7 - 13F

Where the information required by questions 4.15.52A to 4.15.52C.2 as
above is disclosed in more than one note to the financial statements, an
entity shall cross-refer between those notes.
266 Qualitative risk disclosures

For each type of risk arising from financial instruments, an entity shall
disclose:
(a) the exposures to risk and how they arise; IFRS 7 - 33
(b) its objectives, policies and processes for managing the risk and the IFRS 7 - 33
methods used to measure the risk;
(c) any changes from the previous period in the exposures to risk and how IFRS 7 - 33
they arise; and
(d) any changes from the previous period in the entity’s objectives, policies IFRS 7 - 33
and processes for managing the risk and the methods to measure the risk.
267 Quantitative risk disclosures

disclose:
(a) summary quantitative data about the entity’s exposure to that risk at the IFRS 7 - 34
reporting date; and
(b) concentrations of risk if not apparent from the quantitative data prepared. IFRS 7 - 34
268 Quantitative risk disclosures IFRS 7 - 35

Disclose further information that is representative where the quantitive data
disclosed at the reporting date is unrepresentative of an entity's exposure to
risk during the period.
269 Credit risk

Unless credit risk is not material, disclose by class of financial instrument:
(a) the amount that best represents its maximum exposure to credit risk at IFRS 7 - 36
the reporting date without taking account of any collateral held or other
credit enhancements (e.g. netting agreements that do not qualify for offset
in accordance with IAS 32);
(b) in respect of the amount disclosed in (a), a description of collateral held IFRS 7 - 36
as security and other credit enhancements;
(c) information about the credit quality of financial assets that are neither IFRS 7 - 36
past due nor impaired; and
(d) the carrying amount of financial assets that would otherwise be past due IFRS 7 - 36
or impaired whose terms have been renegotiated.
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270 Credit Risk

Disclose by class of financial instrument:
(a) the amount that best represents its maximum exposure to credit risk at IFRS 7 - 36(a)
the reporting date without taking account of any collateral held or other
credit enhancements (e.g. netting agreements that do not qualify for offset
in accordance with IAS 32); Note: This disclosure is not required for
financial instruments whose carrying amount best represents the maximum
exposure to credit risk
(b) a description of collateral held as security IFRS 7 - 36(b)
(c) the financial effect of collateral held as security (eg a quantification of the IFRS 7 - 36(b)
extent to which collateral mitigates credit risk) in respect of the amount that
best represents the maximum exposure to credit risk (whether the maximum
exposure to credit risk is separately disclosed or is represented by the
carrying amount of a financial instrument);
(d) a description of other credit enhancements; IFRS 7 - 36(b)
(e)the financial effect of other credit enhancements (eg a quantification of IFRS 7 - 36(b)
the extent to which other credit enhancements mitigate credit risk) in
respect of the amount that best represents the maximum exposure to credit
risk (whether the maximum exposure to credit risk is separately disclosed or
is represented by the carrying amount of a financial instrument);
(f) information about the credit quality of financial instruments that are IFRS 7 - 36(c)
neither past due nor impaired.
271 Credit risk – Financial Assets that are either past due or impaired IFRS 7 - 37
Unless credit risk is not material disclose by class of financial asset:
(a) an analysis of the age of financial assets that are past due as at the IFRS 7 - 37
reporting date but not impaired;
(b) an analysis of financial assets that are individually determined to be IFRS 7 - 37

impaired as at the reporting date, including the factors the entity considered
in determining that they are impaired; and
(c) for the amounts disclosed in (a) and (b), a description of collateral held IFRS 7 - 37
by the entity as security and other credit enhancements and, unless
impracticable, an estimate of their fair value.
272 Credit Risk - Financial Assets that are past due or impaired IFRS 7 - 37
Disclose by class of financial asset:
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(a) an analysis of the age of financial assets that are past due as at the end IFRS 7 - 37(a)
of the reporting date but not impaired; and
(b) an analysis of financial assets that are individually determined to be IFRS 7 - 37(b)
impaired as at the reporting date, including the factors the entity considered
in determining that they are impaired.
273 Credit risk – Collateral and other credit enhancements obtained IFRS 7 - 38
Unless credit risk is not material, where the entity obtains financial or non-
financial assets during the period by taking possession of collateral it holds
as security or calling on other credit enhancements and such assets meet
the recognition criteria in other standards, an entity shall disclose:
(a) the nature and carrying amount of the assets obtained; and IFRS 7 - 38
(b) when the assets are not readily convertible into cash, its policies for IFRS 7 - 38
disposing of such assets or for using them in its operations.
274 Credit risk – Collateral and other credit enhancements obtained IFRS 7 - 38(a)
When an entity obtains financial or non-financial assets during the period by
taking possession of collateral it holds as security or calling on other credit
enhancements (eg guarantees) and such assets meet the recognition
criteria in other standards, an entity shall for such assets held at the
reporting date disclose:
(a) the nature and carrying amount of the assets ; and IFRS 7 - 38(a)
(b) when the assets are not readily convertible into cash, its policies for IFRS 7 - 38(b)
disposing of such assets or for using them in its operations.
275 Liquidity risk IFRS 7 - 39

Unless liquidity risk is not material, disclose:
(a) a maturity analysis for financial liabilities that shows the remaining IFRS 7 - 39
contractual maturities; and
(b) a description of how the entity manages the liquidity risk inherent in the IFRS 7 - 39
financial liabilities appearing in the maturity analysis.
276 Liquidity Risk IFRS 7 - 39(a)

Unless liquidity risk is not material, disclose:
(a) a maturity analysis for non-derivative financial liabilities (including issued IFRS 7 - 39(a)
financial guarantee contracts) that shows the remaining contractual
maturities;
Y-NM-NA Comments
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(b) a description of how it manages the liquidity risk in the above; IFRS 7 - 39(c)
(c) a maturity analysis for derivative financial liabilities; Note: the maturity IFRS 7 - 39(b)
analysis shall include the remaining contractual maturities for those
derivative financial liabilities for which contractual maturities are essential for
an understanding of the timing of the cash flows (see IFRS 7 B11B .
(d) a description of how it manages the liquidity risk in the above; IFRS 7 - 39(c)
277 Market Risk – Sensitivity analysis not prepared by the entity IFRS 7 - 40
Unless market risk is not material, where the entity does not prepare a
sensitivity analysis then disclose:
(a) a sensitivity analysis for each type of market risk to which the entity is IFRS 7 - 40
exposed at the reporting date, showing how profit or loss and equity would
have been affected by changes in the relevant risk variable that were
reasonably possible at that date;
(b) the methods and assumptions used in preparing the sensitivity analysis; IFRS 7 - 40
and
(c) changes from the previous period in the methods and assumptions used, IFRS 7 - 40
and the reasons for such changes.
278 Market Risk – Sensitivity analysis IFRS 7 - 41

Where market risk is material, and the entity prepares a sensitivity analysis
(such as value-at-risk) that reflects interdependencies between risk
variables, which is used to manage financial risks, that sensitivity analysis
may be used for disclosure purposes and the entity shall disclose:
(a) the sensitivity analysis; IFRS 7 - 41
(b) an explanation of the method used in preparing such a sensitivity IFRS 7 - 41

analysis, and of the main parameters and assumptions underlying the data
provided; and
(c) an explanation of the objective of the method used and of limitations that IFRS 7 - 41
may result in the information not fully reflecting the fair value of the assets
and liabilities involved.
279 Market risk - Sensitivity analyses unrepresentative of a risk inherent in a IFRS 7 - 42

financial instrument
When the sensitivity analysis disclosed is unrepresentative of a risk inherent
in a financial instrument then disclose:
(a) that fact; and IFRS 7 - 42

(b) the reason why the entity believes the sensitivity analyses are IFRS 7 - 42
unrepresentative.
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280 Qualitative risk disclosures IFRS 7 - 44

disclose:
(a) the exposures to risk and how they arise (no comparative required); IFRS 7 - 33,
44
(b) its objectives, policies and processes for managing the risk and the IFRS 7 - 33,
methods used to measure the risk (no comparative required); 44
(c) any changes from the previous period in the exposures to risk and how IFRS 7 - 33,
they arise (no comparative required); and 44
(d) any changes from the previous period in the entity’s objectives, policies IFRS 7 - 33,
and processes for managing the risk and the methods to measure the risk. 44
281 Quantitative risk disclosures IFRS 7 - 34,

For each type of risk arising from financial instruments, an entity shall 44
disclose:
(a) summary quantitative data about the entity’s exposure to that risk at the IFRS 7 - 34,
reporting date (no comparative required); and 44
(b) concentrations of risk if not apparent from the quantitative data prepared IFRS 7 - 34,
(no comparative required). 44
Disclose further information that is representative where the quantitive data IFRS 7 - 35,
disclosed at the reporting date is unrepresentative of an entity's exposure to 44
risk during the period (no comparative required).
282 Credit risk IFRS 7 - 36,

Unless credit risk is not material, disclose by class of financial instrument: 44
(a) the amount that best represents its maximum exposure to credit risk at IFRS 7 - 36,
the reporting date without taking account of any collateral held or other 44
credit enhancements (eg netting agreements that do not qualify for offset in
accordance with IAS 32) (no comparative required);
(b) in respect of the amount disclosed in (a), a description of collateral held IFRS 7 - 36,
as security and other credit enhancements (no comparative required); 44
(c) information about the credit quality of financial assets that are neither IFRS 7 - 36,
past due nor impaired (no comparative required); and 44
(d) the carrying amount of financial assets that would otherwise be past due IFRS 7 - 36,
or impaired whose terms have been renegotiated (no comparative required). 44
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283 Credit risk – Financial Assets that are either past due or impaired IFRS 7 - 37,
Unless credit risk is not material disclose by class of financial asset: 44
(a) an analysis of the age of financial assets that are past due as at the IFRS 7 - 37,
reporting date but not impaired (no comparative required); 44
(b) an analysis of financial assets that are individually determined to be IFRS 7 - 37,
impaired as at the reporting date, including the factors the entity considered 44
in determining that they are impaired (no comparative required); and
(c) for the amounts disclosed in (a) and (b), a description of collateral held IFRS 7 - 37,
by the entity as security and other credit enhancements and, unless 44
impracticable, an estimate of their fair value (no comparative required).
284 Credit risk – Collateral and other credit enhancements obtained IFRS 7 - 38,
Unless credit risk is not material, where the entity obtains financial or non- 44
financial assets during the period by taking possession of collateral it holds
as security or calling on other credit enhancements and such assets meet
the recognition criteria
(a) the nature and carrying amount of the assets obtained (no comparative IFRS 7 - 38,
required); and 44
(b) when the assets are not readily convertible into cash, its policies for IFRS 7 - 38,
disposing of such assets or for using them in its operations (no comparative 44
required).
285 Liquidity risk IFRS 7 - 39,

Unless liquidity risk is not material, disclose: 44
(a) a maturity analysis for financial liabilities that shows the remaining IFRS 7 - 39,
contractual maturities (no comparative required); and 44
(b) a description of how the entity manages the liquidity risk inherent in the IFRS 7 - 39,
financial liabilities appearing in the maturity analysis (no comparative 44
required).
286 Market Risk – Sensitivity analysis not prepared by the entity IFRS 7 - 40,
Unless market risk is not material, where the entity does not prepare a 44
sensitivity analysis then disclose:
(a) a sensitivity analysis for each type of market risk to which the entity is IFRS 7 - 40,
exposed at the reporting date, showing how profit or loss and equity would 44
have been affected by changes in the relevant risk variable that were
reasonably possible at that date
(b) the methods and assumptions used in preparing the sensitivity analysis IFRS 7 - 40,
(no comparative required); and 44
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(c) changes from the previous period in the methods and assumptions used, IFRS 7 - 40,
and the reasons for such changes (no comparative required). 44
287 Market Risk – Sensitivity analysis

Where market risk is material, and the entity prepares a sensitivity analysis
(such as value-at-risk) that reflects interdependencies between risk
variables, which is used to manage financial risks, that sensitivity analysis
may be used for disclosure purposes
(a) the sensitivity analysis (no comparative required); IFRS 7 - 41,

44
(b) an explanation of the method used in preparing such a sensitivity IFRS 7 - 41,
analysis, and of the main parameters and assumptions underlying the data 44
provided (no comparative required); and
(c) an explanation of the objective of the method used and of limitations that IFRS 7 - 41,
may result in the information not fully reflecting the fair value of the assets 44
and liabilities involved (no comparative required).
288 Market risk - Sensitivity analyses which are unrepresentative of a risk

When the sensitivity analysis disclosed is unrepresentative of a risk inherent
in a financial instrument then disclose:
(a) that fact (no comparative required); and IFRS 7 - 42,

44
(b) the reason why the entity believes the sensitivity analyses are IFRS 7 - 42,
unrepresentative (no comparative required). 44
289 If the entity adopts IFRSs before 1 January 2006 and chooses not to
present comparative information in accordance with IAS 32, IAS 39 and
IFRS 4 in its first year of transition, disclose:
(a) this fact and the basis used to prepare this information;
(b) disclose the nature of the main adjustments that would make the
information comply with IAS 32, IAS 39 and IFRS 4.
290 If the entity adopts IFRSs before 1 January 2006 and chooses not to
present comparative information in accordance with IAS 32, IAS 39 and
IFRS 4 in its first year of transition, disclose:
(c) As any adjustment between the balance sheet at the comparative
period's reporting date (i.e. the balance sheet that includes comparative
information under previous GAAP) and the balance sheet at the start of the
first IFRS reporting period (i.e. the first period that includes information that
complies with IAS 32, IAS 39 and IFRS 4) is treated as a change in
accounting policy
Y-NM-NA Comments
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(i) That the treatment is in accordance with the transitional provisions of IFRS 1;
(ii) The nature of the change in accounting policy;
(iii) A description of the transitional provisions;
(iv) Whether application of the transitional provisions might have an impact on future periods
(v) For the prior period and to the extent possible, each line item in the balance sheet affected by
the change;
(vi) For the current period and to the extent possible, each line item in the financial statements
affected by the change.
291 For previously recognised financial assets and financial liabilities that, at the date of transition to
IFRS, are designated as financial assets or financial liabilities through profit or loss or as available
for sale, disclose:
(a) the fair value of financial assets or financial liabilities designated into each category;
(b) the classification and carrying amount under previous GAAP.
292 If the entity adopts IFRSs before 1 January 2006 and chooses not to present comparative
information in accordance with IAS 39 and IFRS 4 in its first year of transition, disclose:
(a) this fact and the basis used to prepare this information;
(b) disclose the nature of the main adjustments that would make the information comply with IAS
39 and IFRS 4.
293 If the entity adopts IFRSs before 1 January 2006 and chooses not to present comparative
information in accordance with IAS 39 and IFRS 4 in its first year of transition, disclose:
(c) As any adjustment between the balance sheet at the comparative period's reporting date (i.e.
the balance sheet that includes comparative information under previous GAAP) and the balance
sheet at the start of the first IFRS reporting period (i.e. the first period that includes information
that complies with IAS 39 and IFRS
4) is treated as a change in accounting policy
(i) That the treatment is in accordance with the transitional provisions of IFRS 1;
(ii) The nature of the change in accounting policy;
(iii) A description of the transitional provisions;

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(iv) Whether application of the transitional provisions might have an impact

on future periods
(v) For the prior period and to the extent possible, each line item in the
balance sheet affected by the change;
(vi) For the current period and to the extent possible, each line item in the
financial statements affected by the change.
294 For previously recognised financial assets and financial liabilities that, at the
date of transition to IFRS, are designated as financial assets or financial
liabilities through profit or loss or as available for sale, disclose:
(a) the fair value of financial assets or financial liabilities designated into
each category;
(b) the classification and carrying amount under previous GAAP.
295 Disclosures in respect of business combinations IFRS 3 (2008)

The entity (the acquirer) shall disclose information that enables users of its - 59(a)
financial statements to evaluate the nature and financial effect of a business
combination that has occurred during the current reporting period.
296 Disclosures in respect of business combinations The entity (the acquirer)

shall disclose the following
information for each material business combination that occurs during the
reporting period:
(a) the name of the acquiree. IFRS 3 (2008)

- 60 & B64(a)
(b) a description of the acquiree. IFRS 3 (2008)
- 60 & B64(a)
(c) the acquisition date. IFRS 3 (2008)

- 60 & B64(b)
(d) the percentage of voting equity interests acquired. IFRS 3 (2008)

- 60 & B64(c)
(e) the primary reasons for the business combination. IFRS 3 (2008)
- 60 & B64(d)
(f) a description of how the entity (the acquirer) obtained control of the IFRS 3 (2008)
acquiree. - 60 & B64(d)
(g) a qualitative description of the factors that make up the goodwill IFRS 3 (2008)
recognised, such as expected synergies from combining operations of the - 60 & B64(e)
acquiree and the entity (the acquirer), intangible assets that do not qualify
for separate recognition or other factors.
297 Disclosure of total fair value of consideration transferred Disclose the IFRS 3 (2008)
acquisition-date fair value of the total consideration transferred. - 60 & B64(f)
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298 Disclosure of each major class of consideration Disclose the acquisition-

date fair value of the total consideration transferred and the acquisition-date
fair value of each major class of consideration, such as:
(a) cash; IFRS 3 (2008)

- 60 & B64(f)(i)
(b) other tangible or intangible assets, including a business or subsidiary of IFRS 3 (2008)
the acquirer; - 60 & B64(f)(ii)
(c) liabilities incurred (for example a liability for contingent consideration); IFRS 3 (2008)
and - 60 &
B64(f)(iii)
(d) equity interests of the entity (the acquirer), including: IFRS 3 (2008)
(i) the number of instruments or interests issued or issuable; and - 60 & B64(f)(iv)
(ii) the method of determining the fair value of those instruments or IFRS 3 (2008)
interests. - 60 & B64(f)(iv)
(iia) the method of measuring the fair value of those instruments or IFRS 3 (2008)
interests. - 60 & B64(f)(iv)
299 Business combinations involving contingent consideration For contingent

consideration arrangements:
(a) disclose the amount recognised as of the acquisition date; IFRS 3 (2008)
- 60 & B64(g)(i)
(b) disclose a description of the arrangement; IFRS 3 (2008)

- 60 & B64(g)(ii)
(c) disclose the basis for determining the amount of the payment; IFRS 3 (2008)
- 60 & B64(g)(ii)
(d) disclose an estimate of the range of outcomes (undiscounted). IFRS 3 (2008)

- 60 &
B64(g)(iii)
(e) If a range of outcomes regarding contingent consideration cannot be IFRS 3 (2008)

estimated: (i) disclose this fact; and - 60 &
B64(g)(iii)
(ii) disclose the reasons why a range cannot be estimated. IFRS 3 (2008)
- 60 &
B64(g)(iii)
(f) If the maximum amount of the payment is unlimited, the entity (the IFRS 3 (2008)
acquirer) shall disclose that fact. - 60 &
B64(g)(iii)
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300 Business combinations involving indemnification assets For indemnification

assets:
(a) disclose the amount recognised as of the acquisition date; IFRS 3 (2008)
- 60 & B64(g)(i)

- 60 & B64(g)(ii)
- 60 & B64(g)(ii)

- 60 &
B64(g)(iii)
(e) If a range of outcomes regarding indemnity assets cannot be estimated: IFRS 3 (2008)
(i) disclose this fact; and - 60 &
B64(g)(iii)
- 60 &
B64(g)(iii)
acquirer) shall disclose that fact. - 60 &
B64(g)(iii)
301 Acquired receivables arising in a business combination For acquired

receivables disclose:
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(a) the fair value of each of the major classes of receivables (such as loans, IFRS 3 (2008)
direct finance leases and any other class of receivables); - 60 & B64(h)(i)
(b) the gross contractual amounts receivable (such as loans, direct finance IFRS 3 (2008)
leases and any other class of receivables); and - 60 & B64(h)(ii)
(c) the best estimate at the acquisition date of the contractual cash flows not IFRS 3 (2008)
expected to be collected (such as loans, direct finance leases and any other - 60 &
class of receivables). B64(h)(iii)
302 Amounts recognised for each major class of asset and liability IFRS 3 (2008)
Disclose the amounts recognised as of the acquisition date for each major - 60 & B64(i)
class of assets acquired and liabilities assumed.
303 Contingent liabilities recognised in a business combination

For each contingent liability recognised (in accordance with paragraph 23 of
IFRS 3 (2008)), the entity shall disclose the following for each class of
provision:
(a) a brief description of the nature of the obligation; IFRS 3 (2008)

- 60 & B64(j)
(b) the expected timing of any resulting outflows of economic benefits; IFRS 3 (2008)
- 60 & B64(j)
(c) an indication of the uncertainties about the amount or timing of those IFRS 3 (2008)
outflows. Where necessary to provide adequate information, an entity shall - 60 & B64(j)
disclose the major assumptions made concerning future events (as
addressed in paragraph 48 of IFRS 3 (2008) ; and
(d) the amount of any expected reimbursement, stating the amount of any IFRS 3 (2008)
asset that has been recognised for that expected reimbursement. - 60 & B64(j)
304 Contingent liabilities not recognised in a business combination

If a contingent liability is not recognised because its fair value cannot be
measured reliably, the acquirer shall disclose:
(a) the reasons why the liability cannot be measured reliably; IFRS 3 (2008)
- 60 & B64(j)(ii)
(b) an estimate of its financial effect (measured under paragraphs 36–52 of IFRS 3 (2008)
IAS 37); - 60 & B64(j)(i)
(c) an indication of the uncertainties relating to the amount or timing of any IFRS 3 (2008)
outflow; and - 60 & B64(j)(i)
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(d) the possibility of any reimbursement. IFRS 3 (2008)

- 60 & B64(j)(i)
305 Disclosure of tax deductible goodwill IFRS 3 (2008)

Disclose the total amount of goodwill that is expected to be deductible for - 60 & B64(k)
tax purposes.
306 Transactions recognised separately from business combination

For transactions that are recognised separately from the acquisition of
assets and assumption of liabilities in the business combination (in
accordance with paragraph 51 of IFRS 3 (2008) :
(a) a description of each transaction; IFRS 3 (2008)

- 60 & B64(l)(i)
(b) how the acquirer accounted for each transaction; IFRS 3 (2008)
- 60 & B64(l)(ii)
(c) the amounts recognised for each transaction; IFRS 3 (2008)

- 60 &
B64(l)(iii)
(d) the line item in the financial statements in which each amount is IFRS 3 (2008)
recognised; and - 60 &
B64(l)(iii)
(e) if the transaction is the effective settlement of a pre- existing IFRS 3 (2008)
relationship, the method used to determine the settlement amount. - 60 & B64(l)(iv)
307 Acquisition related costs Disclose separately:
(a) the amount of acquisition-related costs; IFRS 3 (2008)

- 60 & B64(m)
(b) the amount of those costs recognised as an expense; and IFRS 3 (2008)
- 60 & B64(m)
(c) the line item or items in the statement of comprehensive income in which IFRS 3 (2008)
those expenses are recognised. - 60 & B64(m)
308 Issue costs not recognised Disclose separately:
(a) the amount of any issue costs not recognised as an expense; and IFRS 3 (2008)
- 60 & B64(m)
(b) how they were recognised. IFRS 3 (2008)

- 60 & B64(m)
309 Bargain purchases
In respect of a bargain purchase disclose:
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(a) the amount of any gain recognised (in accordance with paragraph 34 of IFRS 3 (2008)
IFRS 3(2008) ; - 60 & B64(n)(i)
(b) the line item in the statement of comprehensive income in which the gain IFRS 3 (2008)
is recognised; and - 60 & B64(n)(i)
(c) a description of the reasons why the transaction resulted in a gain. IFRS 3 (2008)
- 60 & B64(n)(ii)
310 Business combinations resulting in less that 100% of equity interests of the
acquiree
For each business combination in which the acquirer holds less than 100
per cent of the equity interests in the acquiree at the acquisition date
disclose:
(a) the amount of the non-controlling interest in the acquiree recognised at IFRS 3 (2008)
the acquisition date; - 60 & B64(o)(i)
(b) the measurement basis for that amount; and IFRS 3 (2008)
- 60 & B64(o)(i)
(c) for each non-controlling interest in an acquiree measured at fair value, IFRS 3 (2008)
the valuation techniques and key model inputs used for determining that - 60 & B64(o)(ii)
value.
(ca) for each non-controlling interest in an acquiree measured at fair value, IFRS 3 (2008)
the valuation technique(s) and significant inputs used to measure that value. - B64 (o)(ii)
311 Business Combinations achieved in stages

For a business combination achieved in stages disclose:
(a) the acquisition-date fair value of the equity interest in the acquiree held IFRS 3 (2008)
by the entity (the acquirer) immediately before the acquisition date; and - 60 & B64(p)(i)
(b) the amount of any gain or loss recognised as a result of remeasuring to IFRS 3 (2008)
fair value the equity interest in the acquiree held by the entity (the acquirer) - 60 & B64(p)(ii)
before the business combination (per paragraph 42 of IFRS 3 (2008) and;
(c) the line item in the statement of comprehensive income in which that IFRS 3 (2008)
gain or loss is recognised. - 60 & B64(p)(ii)
312 Disclosure of effects of business combinations on revenue and profit

(a) the amounts of revenue of the acquiree since the acquisition date IFRS 3 (2008)
included in the consolidated statement of comprehensive income for the - 60 & B64(q)(i)
reporting period;
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(b) the amounts of profit or loss of the acquiree since the acquisition date IFRS 3 (2008)
included in the consolidated statement of comprehensive income for the - 60 & B64(q)(i)
reporting period; and
(c) the revenue of the combined entity for the current reporting period as IFRS 3 (2008)
though the acquisition date for all business combinations that occurred - 60 & B64(q)(ii)
during the year had been as of the beginning of the annual reporting period.
(d) the profit or loss of the combined entity for the current reporting period IFRS 3 (2008)
as though the acquisition date for all business combinations that occurred - 60 & B64(q)(ii)
during the year had been as of the beginning of the annual reporting period.
(e) If disclosure of any of the information required by questions (a) to (d) IFRS 3 (2008)
above is impracticable, the entity (the acquirer) shall disclose:(i) this fact; - 60 & B64(q)
and
(ii) the reasons why the disclosure is impracticable. IFRS 3 (2008)

- 60 & B64(q)
313 Disclosure of effects of acquisitions of joint operation on performance that

meets the definition of a business under IFRS 3.
(a) the amounts of revenue of the acquiree since the acquisition date IFRS 3 (2008)
included in the statement of comprehensive income for the reporting period; - 64(q)(i) IFRS 11
- B33A
included in the statement of comprehensive income for the reporting period; - 64(q)(i) IFRS 11
and - B33A
though the acquisition date for all business combinations that occurred - 64(q)(ii) IFRS 11
during the year had been as of the beginning of the annual reporting period. - B33A
as though the acquisition date for all business combinations that occurred - 64(q)(ii) IFRS 11
during the year had been as of the beginning of the annual reporting period. - B33A
(e) If disclosure of any of the information required by questions (a) to (d)

above is impracticable, the entity (the acquirer)shall disclose:
(i) this fact; and

IFRS 3 (2008)
- B64(q)
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IFRS 11 - B33A
(ii) the reasons why the disclosure is impracticable.

IFRS 3 (2008)
- B64(q) IFRS 11 -
B33A
314 Disclosures for individually immaterial business combinations that are

collectively material
For individually immaterial business combinations occurring during the
reporting period that are material collectively, the entity (the acquirer) shall
disclose in aggregate the following information:
(A) a qualitative description of the factors that make up the goodwill IFRS 3 (2008)
recognised, such as expected synergies from combining operations of the - 60, B64(e) & B65
(B) the acquisition-date fair value of the total consideration transferred. IFRS 3 (2008)
- 60, B64(f) & B65
(C) the acquisition-date fair value of the total consideration transferred and IFRS 3 (2008)
the acquisition-date fair value of each major class of consideration, such as: - 60, B64(f)(i) & B65
(a) cash;
the acquirer; - 60, B64(f)(ii) & B65
and - 60,
B64(f)(iii) & B65
(d) equity interests of the entity (the acquirer), including: IFRS 3 (2008)
(i) the number of instruments or interests issued or issuable; and - 60,
B64(f)(iv) & B65
(ii) the method of determining the fair value of those instruments or interests. IFRS 3 (2008)
- 60,
B64(f)(iv) & B65
(D) For contingent consideration arrangements:(a) disclose the amount IFRS 3 (2008)
recognised as of the acquisition date; - 60, B64(g)(i) & B65
- 60,
B64(g)(ii) & B65
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- 60,
B64(g)(ii) & B65

- 60,
B64(g)(iii) & B65
(e) If a range of outcomes regarding contingent consideration IFRS 3 (2008)

cannot be estimated:(i) disclose this fact; and - 60,
B64(g)(iii) & B65
- 60,
B64(g)(iii) & B65
(f) If the maximum amount of the payment is unlimited, the entity IFRS 3 (2008)
(the acquirer) shall disclose that fact. - 60,
B64(g)(iii) & B65
(F) For indemnification assets:(a) disclose the amount recognised IFRS 3 (2008)
as of the acquisition date; - 60, B64(g)(i) &
B65

- 60,
B64(g)(ii) & B65
- 60,
B64(g)(ii) & B65

- 60,
B64(g)(iii) & B65
(e) If a range of outcomes regarding indemnity assets cannot be IFRS 3 (2008)

estimated:(i) disclose this fact; and - 60,
B64(g)(iii) & B65
- 60,
B64(g)(iii) & B65
(f) If the maximum amount of the payment is unlimited, the entity IFRS 3 (2008)
(the acquirer) shall disclose that fact. - 60,
B64(g)(iii) & B65
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(G) For acquired receivables disclose:(a) the fair value of each of the IFRS 3 (2008)
major classes of receivables (such as loans, direct finance leases - 60, B64(h)(i) & B65
and any other class of receivables);
(b) the gross contractual amounts receivable (such as loans, direct IFRS 3 (2008)
finance leases and any other class of receivables); and - 60,
B64(h)(ii) & B65
(c) the best estimate at the acquisition date of the contractual cash IFRS 3 (2008)
flows not expected to be collected (such as loans, direct finance - 60,
leases and any other class of receivables). B64(h)(iii) & B65
(H) Disclose the amounts recognised as of the acquisition date for IFRS 3 (2008)
each major class of assets acquired and liabilities assumed. - 60, B64(i) & B65
(I) For each contingent liability recognised (in accordance with IFRS 3 (2008)
paragraph 23 of IFRS 3 (2008)), the entity shall disclose the following - 60, B64(j) & B65
for each class of provision:(a) a brief description of the nature of the
obligation;
(b) the expected timing of any resulting outflows of economic IFRS 3 (2008)
benefits; - 60, B64(j) & B65
(c) an indication of the uncertainties about the amount or timing of IFRS 3 (2008)
those outflows. Where necessary to provide adequate information, an - 60, B64(j) & B65
entity shall disclose the major assumptions made concerning future
events (as addressed in paragraph 48 of IFRS 3 (2008) ; and
(d) the amount of any expected reimbursement, stating the amount of IFRS 3 (2008)
any asset that has been recognised for that expected reimbursement. - 60, B64(j) & B65
(J) If a contingent liability is not recognised because its fair value IFRS 3 (2008)
cannot be measured reliably, the acquirer shall disclose:(a) the - 60, B64(j)(ii) & B65
reasons why the liability cannot be measured reliably;
(b) an estimate of its financial effect (measured under paragraphs IFRS 3 (2008)
36–52 of IAS 37); - 60, B64(j)(i) & B65
(c) an indication of the uncertainties relating to the amount or timing IFRS 3 (2008)
of any outflow; and - 60, B64(j)(i) & B65

- 60, B64(j)(i) & B65
(K) Disclose the total amount of goodwill that is expected to be IFRS 3 (2008)
deductible for tax purposes. - 60, B64(k) & B65
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(L) For transactions that are recognised separately from the IFRS 3 (2008)
acquisition of assets and assumption of liabilities in the business - 60, B64(l)(i) &
combination (in accordance with paragraph 51 of IFRS 3 (2008) :(a) a B65
description of each transaction;
- 60, B64(l)(ii) &
B65
- 60, B64(l)(iii) &
B65
recognised; and - 60, B64(l)(iii) &
B65
relationship, the method used to determine the settlement amount. - 60,
B64(l)(iv) & B65
(M) In respect of acquisition related costs disclose separately: (a) the IFRS 3 (2008)
amount of acquisition-related costs; - 60, B64(m) &
B65
- 60, B64(m) &
B65
(c) the line item or items in the statement of comprehensive income in IFRS 3 (2008)
which those expenses are recognised. - 60, B64(m) &
B65
(N) In respect of issue costs not recognised as an expense disclose IFRS 3 (2008)
separately:(a) the amount of any issue costs not recognised as an - 60, B64(m) &
expense; and B65
- 60, B64(m) &
B65
(O) In respect of a bargain purchase disclose:(a) the amount of any IFRS 3 (2008)
gain recognised (in accordance with paragraph 34 of IFRS 3(2008) ; - 60, B64(n)(i) &
B65
(b) the line item in the statement of comprehensive income in which IFRS 3 (2008)
the gain is recognised; and - 60, B64(n)(i) &
B65
- 60,
B64(n)(ii) & B65
(P) For each business combination in which the acquirer holds less IFRS 3 (2008)
than 100 per cent of the equity interests in the acquiree at the - 60, B64(o)(i) &
acquisition date disclose:(a) the amount of the non-controlling interest B65
in the acquiree recognised at the acquisition date;
Y-NM-NA Comments
Sources
- 60, B64(o)(i) &
B65
(c) for each non-controlling interest in an acquiree measured at fair value, IFRS 3 (2008)
the valuation techniques and key model inputs used for determining that - 60,
value. B64(o)(ii) & B65
(Q) For a business combination achieved in stages disclose:(a) the IFRS 3 (2008)
acquisition-date fair value of the equity interest in the acquiree held by the - 60, B64(p)(i) &
entity (the acquirer) immediately before the acquisition date; and B65
(b) the amount of any gain or loss recognised as a result of remeasuring to IFRS 3 (2008)
fair value the equity interest in the acquiree held by the entity (the acquirer) - 60,
before the business combination (per paragraph 42 of IFRS 3 (2008) and; B64(p)(ii) & B65
(c) the line item in the statement of comprehensive income in which that IFRS 3 (2008)
gain or loss is recognised. - 60,
B64(p)(ii) & B65
(R) In respect of the effects of business combinations on revenue and profit IFRS 3 (2008)
disclose the following information:(a) the amounts of revenue of the - 60, B64(q)(i) &
acquiree since the acquisition date included in the consolidated statement B65
of comprehensive income for the reporting period;
included in the consolidated statement of comprehensive income for the - 60, B64(q)(i) &
reporting period; and B65
though the acquisition date for all business combinations that occurred - 60,
during the year had been as of the beginning of the annual reporting period. B64(q)(ii) & B65
as though the acquisition date for all business combinations that occurred - 60,
during the year had been as of the beginning of the annual reporting period. B64(q)(ii) & B65
(e) If disclosure of any of the information required by questions (a) to (d) IFRS 3 (2008)
above is impracticable, the entity (the acquirer) shall disclose:(i) this fact; - 60, B64(q) &
and B65
(ii) the reasons why the disclosure is impracticable. IFRS 3 (2008)
- 60, B64(q) &
B65
315 Business combinations effected after reporting date IFRS 3 (2008)
The acquirer shall disclose information that enables users of its financial - 59(b)
statements to evaluate the nature and financial effect of a business
combination that has occurred after the end of the reporting period but
before the financial statements are authorised for issue.
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316 Business combinations effected after reporting date

If the acquisition date of a business combination is after the end of the
reporting period but before the financial statements are authorised for issue,
the entity (as the acquirer) shall disclose the following information for each
business combination that occurs during the reporting period (unless the
initial accounting for the business combination is incomplete at the time the
financial statements are authorised for issue and in that situation the entity
shall describe which disclosures could not be made and the reasons why
they cannot be made).
(A) the name of the acquiree. IFRS 3 (2008)

- 60, B64(a) & B66
(B) a description of the acquiree. IFRS 3 (2008)

- 60, B64(a) & B66
(C) the acquisition date. IFRS 3 (2008)

- 60, B64(b) & B66
(D) the percentage of voting equity interests acquired. IFRS 3 (2008)

- 60, B64(c) & B66
(E) the primary reasons for the business combination. IFRS 3 (2008)
- 60, B64(d) & B66
(F) a description of how the entity (the acquirer) obtained control of the IFRS 3 (2008)
acquiree. - 60, B64(d) & B66
(G) a qualitative description of the factors that make up the goodwill IFRS 3 (2008)
recognised, such as expected synergies from combining operations of the - 60, B64(e) & B66
(H) the acquisition-date fair value of the total consideration transferred. IFRS 3 (2008)
- 60, B64(f) & B66
(I) the acquisition-date fair value of the total consideration transferred and IFRS 3 (2008)
the acquisition-date fair value of each major class of consideration, such as: - 60, B64(f)(i) & B66
(a) cash;
the acquirer; - 60, B64(f)(ii) & B66
and - 60,
B64(f)(iii) & B66
Y-NM-NA Comments
Sources
(J) equity interests of the entity (the acquirer), including: IFRS 3 (2008)
(i) the number of instruments or interests issued or issuable; and - 60,
B64(f)(iv) & B66
(ii) the method of determining the fair value of those instruments or IFRS 3 (2008)
interests. - 60,
B64(f)(iv) & B66
(K) For contingent consideration arrangements:(a) disclose the IFRS 3 (2008)

amount recognised as of the acquisition date; - 60, B64(g)(i) & B66

- 60,
B64(g)(ii) & B66
- 60,
B64(g)(ii) & B66

- 60,
B64(g)(iii) & B66
(e) If a range of outcomes regarding contingent consideration cannot IFRS 3 (2008)

be estimated:(i) disclose this fact; and - 60,
B64(g)(iii) & B66
- 60,
B64(g)(iii) & B66
acquirer) shall disclose that fact. - 60,
B64(g)(iii) & B66
(L) For indemnification assets:(a) disclose the amount recognised as IFRS 3 (2008)
of the acquisition date; - 60, B64(g)(i) & B66

- 60,
B64(g)(ii) & B66
- 60,
B64(g)(ii) & B66
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- 60,
B64(g)(iii) & B66
(e) If a range of outcomes regarding indemnity assets cannot be IFRS 3 (2008)

estimated:(i) disclose this fact; and - 60,
B64(g)(iii) & B66
- 60,
B64(g)(iii) & B66
acquirer) shall disclose that fact. - 60,
B64(g)(iii) & B66
(M) For acquired receivables:(a) the fair value of each of the major IFRS 3 (2008)
classes of receivables (such as loans, direct finance leases and any - 60, B64(h)(i) &
other class of receivables); B66
(b) the gross contractual amounts receivable (such as loans, direct IFRS 3 (2008)
finance leases and any other class of receivables); and - 60,
B64(h)(ii) & B66
(c) the best estimate at the acquisition date of the contractual cash IFRS 3 (2008)
flows not expected to be collected (such as loans, direct finance - 60,
leases and any other class of receivables). B64(h)(iii) & B66
(N) Disclose the amounts recognised as of the acquisition date for IFRS 3 (2008)
each major class of assets acquired and liabilities assumed. - 60, B64(i) & B66
(O) For each contingent liability recognised (in accordance with IFRS 3 (2008)
paragraph 23 of IFRS 3 (2008)), the entity shall disclose the following - 60, B64(j) & B66
for each class of provision:(a) a brief description of the nature of the
obligation;
(b) the expected timing of any resulting outflows of economic IFRS 3 (2008)
benefits; - 60, B64(j) & B66
(c) an indication of the uncertainties about the amount or timing of IFRS 3 (2008)
those outflows. Where necessary to provide adequate information, - 60, B64(j) & B66
an entity shall disclose the major assumptions made concerning
future events (as addressed in paragraph 48 of IFRS 3 (2008) ; and
(d) the amount of any expected reimbursement, stating the amount of IFRS 3 (2008)
any asset that has been recognised for that expected - 60, B64(j) & B66
reimbursement.
Y-NM-NA Comments
Sources
(P) If a contingent liability is not recognised because its fair value IFRS 3 (2008)
cannot be measured reliably, the acquirer shall disclose:(a) the - 60, B64(j)(ii) & B66
reasons why the liability cannot be measured reliably;
(b) an estimate of its financial effect (measured under paragraphs IFRS 3 (2008)
36–52 of IAS 37); - 60, B64(j)(i) & B66
(c) an indication of the uncertainties relating to the amount or timing IFRS 3 (2008)
of any outflow; and - 60, B64(j)(i) & B66

- 60, B64(j)(i) & B66
(Q) Disclose the total amount of goodwill that is expected to be IFRS 3 (2008)
deductible for tax purposes. - 60, B64(k) & B66
(R) For transactions that are recognised separately from the IFRS 3 (2008)
acquisition of assets and assumption of liabilities in the business - 60, B64(l)(i) & B66
combination (in accordance with paragraph 51 of IFRS 3 (2008) :(a) a
description of each transaction;
- 60, B64(l)(ii) & B66

- 60, B64(l)(iii) & B66
recognised; and - 60, B64(l)(iii) & B66
relationship, the method used to determine the settlement amount. - 60,
B64(l)(iv) & B66
(S) In respect of acquisition related costs disclose separately: (a) the IFRS 3 (2008)
amount of acquisition-related costs; - 60, B64(m) & B66
- 60, B64(m) & B66
(c) the line item or items in the statement of comprehensive income in IFRS 3 (2008)
which those expenses are recognised. - 60, B64(m) & B66
(T) In respect of issue costs not recognised as an expense disclose IFRS 3 (2008)
separately:(a) the amount of any issue costs not recognised as an - 60, B64(m) & B66
expense; and
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- 60, B64(m) & B66
(U) In respect of a bargain purchase disclose:(a) the amount of any IFRS 3 (2008)
gain recognised (in accordance with paragraph 34 of IFRS 3(2008) ; - 60, B64(n)(i) & B66
(b) the line item in the statement of comprehensive income in which IFRS 3 (2008)
the gain is recognised; and - 60, B64(n)(i) & B66
- 60,
B64(n)(ii) & B66
(V) For each business combination in which the acquirer holds less IFRS 3 (2008)
than 100 per cent of the equity interests in the acquiree at the - 60, B64(o)(i) & B66
acquisition date:(a) the amount of the non- controlling interest in the
acquiree recognised at the acquisition date;
- 60, B64(o)(i) & B66
(c) for each non-controlling interest in an acquiree measured at fair IFRS 3 (2008)
value, the valuation techniques and key model inputs used for - 60,
determining that value. B64(o)(ii) & B66
(W) For a business combination achieved in stages:(a) the IFRS 3 (2008)

acquisition-date fair value of the equity interest in the acquiree held - 60, B64(p)(i) & B66
by the entity (the acquirer) immediately before the acquisition date;
and
(b) the amount of any gain or loss recognised as a result of IFRS 3 (2008)
remeasuring to fair value the equity interest in the acquiree held by - 60,
the entity (the acquirer) before the business combination (per B64(p)(ii) & B66
paragraph 42 of IFRS 3 (2008) and;
(c) the line item in the statement of comprehensive income in which IFRS 3 (2008)
that gain or loss is recognised. - 60,
B64(p)(ii) & B66
(Y) Where the initial accounting for a business combination that IFRS 3 (2008)
occurred after the end of the reporting period and the initial - 60, B64(q) & B66
accounting is incomplete at the time the financial statements are
authorised for issue and in that situation the entity: (i) shall describe
which disclosures in this question could not be made; and
(ii) the reasons why the disclosures cannot be made. IFRS 3 (2008)
- 60, B64(q) & B66
Y-NM-NA Comments
Sources
317 Financial effect of adjustments relating to business combinations IFRS 3 (2008)

The entity (as the acquirer) shall disclose information that enables users of - 61
its financial statements to evaluate the financial effects of adjustments
recognised in the current reporting period that relate to business
combinations that occurred in the period.
318 Financial effect of adjustments relating to business combinations IFRS 3 (2008)

The entity (as the acquirer) shall disclose information that enables users of - 61
its financial statements to evaluate the financial effects of adjustments
recognised in the current reporting period that relate to business
combinations that occurred in previous reporting periods.
319 Financial effect of adjustments relating to business combinations

The entity (as the acquirer) shall disclose the following information for each
material business combination or in the aggregate for individually immaterial
business combinations that are material collectively:
(A) Initial accounting for business combination not complete IFRS 3 (2008)
If the initial accounting for a business combination is incomplete (per IFRS 3 - 61 & B67(a)(i)
2008 paragraph 45 for particular assets, liabilities, non-controlling interests
or items of consideration and the amounts recognised in the financial
statements for the business combination thus have been determined only
provisionally disclose:(i) the reasons why the initial accounting for the
business combination is incomplete;
(ii) the assets, liabilities, equity interests or items of consideration for which IFRS 3 (2008)
the initial accounting is incomplete; and - 61 & B67(a)(ii)
(iii) the nature of any measurement period adjustments recognised during IFRS 3 (2008)
the reporting period (per IFRS 3(2008) paragraph 49). - 61 &
B67(a)(iii)
(iv) the amount of any measurement period adjustments recognised during IFRS 3 (2008)
the reporting period (per IFRS 3(2008) paragraph 49). - 61 &
B67(a)(iii)
(B) Unsettled contingent consideration IFRS 3 (2008)
For each reporting period after the acquisition date until the entity collects, - 61 & B67(b)(i)
sells or otherwise loses the right to a contingent consideration asset, or until
the entity settles a contingent consideration liability or the liability is
cancelled or expires disclose:(i) any changes in the recognised amounts
(including any differences arising upon settlement);
(ii) any changes in the range of outcomes (undiscounted) and the reasons IFRS 3 (2008)
for those changes; - 61 & B67(b)(ii)
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(iii) the reason for the above changes; IFRS 3 (2008)

- 61 & B67(b)(ii)
(iv) the valuation techniques used to measure contingent IFRS 3 (2008)

consideration; and - 61 &
B67(b)(iii)
(v) the key model inputs used in such a valuation model used to IFRS 3 (2008)
measure contingent consideration. - 61 &
B67(b)(iii)
(C) Contingent liabilities recognised in a business combination IFRS 3 (2008)

In respect of contingent liabilities recognised in a business - 61 & B67(c)
combination, the entity (the acquirer) shall disclose:(i) the carrying
amount at the beginning and the end of the period;
(ii) additional provisions made in the period, including increases to IFRS 3 (2008)
existing provisions; - 61 & B67(c)
(iii) amounts used (i.e. incurred and charged against the provision) IFRS 3 (2008)
during the period; - 61 & B67(c)
(iv) unused amounts reversed in the period; IFRS 3 (2008)

- 61 & B67(c)
(v) the increase during the period in the discounted amount arising IFRS 3 (2008)
from the passage of time; - 61 & B67(c)
(vi) the effect of any change in the discount rate; IFRS 3 (2008)
- 61 & B67(c)
(vii) for each class of provision disclose a brief description of the IFRS 3 (2008)
nature of the obligation and the expected timing of those cash flows - 61 & B67(c)
(Where necessary to provide adequate information, disclose the
major assumptions made concerning future events).
(viii) the amount of any expected reimbursement, stating the amount IFRS 3 (2008)
of any asset that has been recognised for the expected - 61 & B67(c)
reimbursement.
(D) Gains and losses recognised in current period relating to IFRS 3 (2008)
business combinations - 61 & B67(e)
In respect any gain or loss recognised in the current reporting that
relates to the identifiable assets acquired or liabilities assumed in a
business combination that was effected in the current or previous and
is of such a size, nature or incidence that disclosure is relevant to
understanding the combined entity’s financial statements reporting
period disclose:(i) the amount of any gain or loss;
(ii) an explanation of any gain or loss. IFRS 3 (2008)
- 61 & B67(e)
Y-NM-NA Comments
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320 Disclosure of additional information to meet the disclosure requirements of IFRS 3 (2008)
IFRS 3 - 63
If the specific disclosures required by IFRS 3 and other IFRSs do not meet
the objectives set out questions 4.16.1 to 4.16.23 above, the entity (the
acquirer) shall disclose whatever additional information is necessary to meet
those objectives.
Events after the reporting period (balance sheet date)
321 Adjusting events after the balance sheet date IAS 10 - 19

If an entity receives information after the balance sheet date about
conditions that existed at the balance sheet date, update disclosures that
relate to these conditions, in the light of that new information.
322 Non-adjusting events after the balance sheet date

For each material category of non-adjusting event after the balance sheet
date; disclose:
(a) the nature of the event; IAS 10 - 21(a)
(b) an estimate of its financial effect, or a statement that such an estimate IAS 10 - 21(b)
cannot be made.
Related Party Disclosures
323 Disclosure of name of parent IAS 24 (2009)
An entity shall disclose the name of its parent. - (13)
Note: Relationships between a parent and its subsidiaries shall be disclosed
irrespective of whether there have been transactions between them.
324 Disclosure of name of ultimate controlling party IAS 24 (2009)

An entity shall disclose the name of its ultimate controlling party if different - (13)
to its parent. Note: Relationships between a parent and its subsidiaries shall
be disclosed irrespective of whether there have been transactions between
them.
325 Disclosure of next most senior parent that prepares consolidated financial IAS 24 (2009)
statements - (13)
Disclose the name of the next most senior parent (where neither the entity's
parent nor the ultimate controlling party produces consolidated financial
statements available for public use)
Note: Relationships between a parent and its subsidiaries shall be disclosed
irrespective of whether there have been transactions between them.
326 Key management personnel compensation(a) Disclose key management IAS 24 (2009)
personnel compensation for each of the following categories: - 17
(i) short-term employee benefits; IAS 24 (2009)

- (17)(a)
(ii) post-employment benefits; IAS 24 (2009)
- (17)(b)
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(iii) other long-term benefits; IAS 24 (2009)

- (17)(c)
(iv) termination benefits; and IAS 24 (2009)

- (17)(d)
(v) share-based payment. IAS 24 (2009)

- (17)(e)
327 Key management personnel compensation(b) Disclose the total for the IAS 24 (2009)
items in (a) (i) to (v) above. - (17)
328 Key Management Personnel services provided by separate management

entity IAS 24 (2009)
Disclose the amounts incurred by the entity for the provision of key - 18A
management personnel services that are provided by a separate
management personnel entity
329 Disclosure of Related Party Transactions

If there have been related party transactions during the periods covered by
the financial statements:
Note: Where the entity is controlled, jointly controlled or significantly
influenced by a government and it has taken advantage of the paragraph 25
disclosure exemption in IAS 24(2009) please answer not applicable to this
question if this is so the case and answer question 4.18.14
(a) disclose the nature of the related party relationship; IAS 24 (2009)
- (18)
(b) disclose information about those transactions and outstanding balances, IAS 24 (2009)
including commitments, necessary for users to understand the potential - (18)(a)
effect of the relationship on the financial statements, at a minimum, such
disclosures shall include: (i) the amount of the transactions;
(ii) the amount of outstanding balances, including commitments, and: IAS 24 (2009)
- (18)(b)
(iii) their terms and conditions, including whether they are secured, and the IAS 24 (2009)
nature of the consideration to be provided in settlement; and - (18)(b)(i)
(iv) details of any guarantees given or received; IAS 24 (2009)

- (18)(b)(ii)
(v) provisions for doubtful debts related to the amount of outstanding IAS 24 (2009)
balances; and - (18)(c)
(vi) the expense recognised during the period in respect of bad or doubtful IAS 24 (2009)
debts due from related parties. - (18)(d)
(viii) transactions where a parent or subsidiary in a defined benefit plan that IAS 24 (2009)
shares risks between group entities. - (22)
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330 Disclosure of Related Party Transactions by separate category

The disclosures required by question 4.18.11 above shall be made
separately for each of the following categories: Note: Items of a similar
nature may be disclosed in aggregate except when separate disclosure is
necessary for an understanding of the effects of related party transactions
on the financial statements of the entity.
question if this is so the case and answer question 4.19.8A
(a) the parent; IAS 24 (2009)

- (19)
(b) entities with joint control or significant influence over the entity; IAS 24 (2009)
- (19)(b)
(c) subsidiaries; IAS 24 (2009)

- (19)(c)
(d) associates; IAS 24 (2009)

-
(e) joint ventures in which the entity is a venturer; IAS 24 (2009)

- (19)(e)
(f) key management personnel of the entity or its parent; and IAS 24 (2009)
-
(g) other related parties. IAS 24 (2009)

-
331 Related party transactions - arm's length transactions DO NOT disclose that IAS 24 (2009)
related party transactions were made on terms equivalent to those that - (23)
prevail in arm's length transactions unless such terms can be substantiated.
question if this is so the case and answer question 4.18.14
332 Related party transactions - Government-related entity taken exemption

Where the government-related entity applies the exemption in paragraph 25
of IAS 24 (2009) it shall :
(a) disclose the name of the government ; IAS 24 (2009)

- (26)(a)
(b) disclose the nature of its relationship with the reporting entity (i.e. control, IAS 24 (2009)
joint control or significant influence); - (26)(a)
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(c) disclose the following information in sufficient detail to enable users of IAS 24 (2009)
the entity's financial statements to understand the effect of related party - (26)(b)(i)
transactions on its financial statements: (i) the nature and amount of each
individually significant transaction; and
(ii) for other transactions that are collectively, but not individually, significant, IAS 24 (2009)
a qualitative or quantitative indication of their extent. (Types of transactions - (26)(b)(ii)
include those listed in paragraph 21 of IAS 24(2009)
Concession Operators and Concession Providers
333 Concession Operators and Concession Providers

All aspects of a service concession arrangement should be considered in
determining the appropriate disclosures in the notes to the financial
statements.
Provide the following disclosures individually for each service concession
arrangement entered into by a concession operator or concession provider,
or in aggregate for each class of service concession arrangements. A class
is a grouping of service concession arrangements involving services of a
similar nature (e.g., toll collections, telecommunications and water treatment
services):
(a) a description of the arrangement; SIC 29 - 6(a)
(b) significant terms of the arrangement that may affect the amount, timing SIC 29 - 6(b)
and certainty of future cash flows (e.g. the period of the concession, re-
pricing dates and the basis upon which re-pricing or re-negotiation is
determined)
334 Concession Operators and Concession Providers(c) the nature and extent SIC 29 - 6(c)
(e.g. quantity, time period or amount as appropriate) of:
(i) rights to use specified assets; SIC 29 - 6(c)
(ii) obligations to provide or rights to expect provision of services; SIC 29 - 6(c)
(iii) obligations to acquire or build items of property, plant or equipment; SIC 29 - 6(c)
(iv) obligation to deliver or rights to receive specified assets at the end of the SIC 29 - 6(c)
concession period;
(v) renewal and termination options; SIC 29 - 6(c)
(vi) other rights and obligations; SIC 29 - 6(c)
(d) changes in the arrangement occurring during the period;

(e) how the service arrangement has been classified. SIC 29 - 6(e)
Y-NM-NA Comments
Sources
335 Amounts of revenue and profits or losses for operators Where the entity is SIC 29 - 6A
an operator disclose the amount of revenue and profits or losses recognised
in the period on exchanging construction services for an intangible or
financial asset.
Non-current Assets Held for Sale and Discontinued Operations
336 Assets and liabilities classified as held for sale IFRS 5 -

Disclose on the face of the balance sheet or in the notes the major classes 39IFRS 5 - 38
of assets and liabilities that are classified as held for sale. (Note: Disclosure
is not required where a disposal group is a newly acquired subsidiary that
meets the criteria to be classified as held for sale)
337 Non-current assets and disposal groups classified as held for sale
In the period in which a non-current asset (or disposal group) has been
classified as held for sale or sold, disclose:
(a) a description of the non-current asset (or disposal group); IFRS 5 - 41(a)
(b) a description of the facts and circumstances of the sale, or leading to the IFRS 5 - 41(b)
expected disposal, and the expected manner and timing of that disposal;
(c) any impairment loss recognised for any initial or subsequent write-down IFRS 5 - 41(c)
of the asset (or disposal group) to fair value less cost of sale;
(d) any gain recognised on for any subsequent increase in fair value less IFRS 5 - 41(c)
costs to sell of the asset (or disposal group);
(e) if applicable, the segment in which the non-current asset (or disposal IFRS 5 - 41(d)
group) is presented in accordance with IAS 14 'Segment reporting'.
(e) if applicable, the reportable segment in which the non- current asset (or IFRS 5 - 41(d)
disposal group) is presented in accordance with IFRS 8 Operating
Segments.
338 Assets and liabilities classified as held for sale For IFRS 5 - 40
· non-current assets; and· assets and liabilities of disposal groups
classified in the current period as held for sale do NOT reclassify or re-
present comparatives to reflect their classification in the current period as
held for sale;
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339 Discontinued operations of prior periods IFRS 5 - 35

Disclose the nature and amount of adjustments in the current period to
amounts previously presented in discontinued operations that are directly
related to the disposal of a discontinued operation in a prior period.
Examples of circumstances in which these adjustments may arise include
the following
· The resolution of uncertainties that arise form the terms of the disposal
transaction, such as the resolution of purchase price adjustments and
indemnification issues with the purchaser· The resolution of uncertainties
that arise from and are directly related to the operations of the component
before its disposal, such as environmental and product warranty obligations
retained by the seller· The settlement of employee benefit plan obligations,
provided that the settlement is directly related to the disposal transaction
340 Reclassifying discontinued operations as continuing If the entity

· ceases to classify a component of an entity as held for sale;· reclassifies
an asset that was previously classified as held for sale; or· has removed an
individual asset from a disposal group classified as held for sale
(a) reclassify the results of the component previously presented in IFRS 5 - 36

discontinued operations as continuing operations for all periods presented;
(b) describe prior period amounts as having been represented; IFRS 5 - 36
(c) describe the facts and circumstances leading to the decision to IFRS 5 - 42
reclassify;
(d) describe the effect on the results of operations for the period and any IFRS 5 - 42
prior period presented.
Share-based Payments
341 Share-based Payments
For share-based payment arrangements disclose:
(a) a description of each type of share-based payment arrangement that IFRS 2 - 45
existed during the period, including the general terms and conditions of (a)
each arrangement, such as vesting requirements, the maximum term of
options granted and the method of settlement (e.g. cash or equity);
Note: substantially similar arrangements may be aggregated.
(b) the number of share options:

(i) outstanding at the beginning of the period; IFRS 2 - 45(b)
(ii) granted during the period; IFRS 2 - 45(b)
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(iii) forfeited during the period; IFRS 2 - 45

(b)
(iv) exercised during the period; IFRS 2 - 45(b)
(v) expired during the period; IFRS 2 - 45(b)
(vi) outstanding at the end of the period; IFRS 2 - 45(b)
(vii) exercisable at the end of the period; IFRS 2 - 45(b)
(c) the weighted average exercise prices of share options:
(i) outstanding at the beginning of the period; IFRS 2 - 45(c)
(ii) granted during the period; IFRS 2 - 45(c)
(iii) forfeited during the period; IFRS 2 - 45(c)
(iv) exercised during the period; IFRS 2 - 45(c)
(v) expired during the period; IFRS 2 - 45(c)
(vi) outstanding at the end of the period; IFRS 2 - 45(c)
(vii) exercisable at the end of the period; IFRS 2 - 45(c)
(d) for share options exercised during the period the weighted average IFRS 2 - 45(d)
share price at the date of exercise. Alternatively, if options were exercised
on a regular basis throughout the period, disclose the weighted average
share price during the period;
(e) the range of exercise prices of share options outstanding at the end of IFRS 2 - 45(e)
the period. If the range of prices is wide, divide outstanding options into
ranges that are meaningful for assessing the number and timing of
additional shares that may be issued and the cash that would be received
on exercise of those options;
(f) the weighted average remaining contractual life of share options IFRS 2 - 45(e)
outstanding at the end of the period;
(g) any other information necessary to enable the users of the financial IFRS 2 - 52
statements to understand the nature and extent of share-based payment
arrangements that existed during the period.
342 Fair values of options granted Where

· share options or share appreciation rights (SARs) have been issued in a
share-based payment transaction; and
· the fair value of goods and services received in return have been
measured indirectly (i.e. by reference to the fair value of the share options
granted), disclose:
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(a) the option pricing model used; IFRS 2 - 47(a)
(b) the weighted average share price factored into the model; IFRS 2 - 47(a)
(c) the exercise price factored into the model; IFRS 2 - 47(a)
(d) the expected volatility factored into the model; IFRS 2 - 47(a)
(e) the option life factored into the model; IFRS 2 - 47(a)
(f) the expected dividends factored into the model; IFRS 2 - 47(a)
(g) the risk-free interest rate factored into the model; IFRS 2 - 47(a)
(h) any other inputs to the model, including the method used and IFRS 2 - 47(a)
assumptions made to incorporate the effects of expected early exercise;
(i) how expected volatility was determined, including an explanation of the IFRS 2 - 47(a)
extent to which expected volatility was based on historical volatility;
(j) whether and how any other features of the option grant were IFRS 2 - 47(a)
incorporated into the measurement of fair value, such as a market condition;
(k) any other information necessary to enable users of the financial IFRS 2 - 52
statements to understand how the fair value of the options was determined.
343 Group Settled Share based payments - fair value Where the entity has
entered into group cash-settled share-based payments where another
member of the group (for example the parent company) has the
obligation to make the payments to the suppliers of goods or services (for
example employees), in terms of arriving at the fair value of the equity
instruments involved in the transaction disclose:
(a) the option pricing model used; IFRS 2 - (47)(a)
(b) the weighted average share price factored into the model; IFRS 2 - (47)(a)
(c) the exercise price factored into the model; IFRS 2 - (47)(a)
(d) the expected volatility factored into the model; IFRS 2 - (47)(a)
(e) the option life factored into the model; IFRS 2 - (47)(a)
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(f) the expected dividends factored into the model; IFRS 2 - (47)(a)
(g) the risk-free interest rate factored into the model; IFRS 2 - (47)(a)
(h) any other inputs to the model, including the method used and IFRS 2 - (47)(a)
assumptions made to incorporate the effects of expected early exercise;
(i) how expected volatility was determined, including an explanation of the IFRS 2 - (47)(a)
extent to which expected volatility was based on historical volatility;
(j) whether and how any other features of the option grant were IFRS 2 - (47)(a)
incorporated into the measurement of fair value, such as a market condition;
(k) any other information necessary to enable users of the financial IFRS 2 - (52)
statements to understand how the fair value of the options was determined.
344 Fair values of other instruments granted Where

· equity instruments other than share options have been granted in an
equity-settled share-based payment transaction; and· the fair value of
goods and services received in return have been measured indirectly (i.e.
by reference to the fair value of the instruments granted), disclose:
(a) the number of the equity instruments granted; IFRS 2 - 47(b)
(b) the weighted average fair value of the equity instruments at grant date; IFRS 2 - 47(b)
(c) if fair value was not measured on the basis of an observable market IFRS 2 - 47(b)
price, how it was determined;
(d) whether and how expected dividends were incorporated into the IFRS 2 - 47(b)
measurement of fair value;
(e) whether and how any other features of the equity instruments granted IFRS 2 - 47(b)
were incorporated into the measurement of fair value;
(f) any other information necessary to enable users of the financial IFRS 2 - 52
statements to understand how the fair value of the equity instruments was
determined;
345 Modification of share based payment arrangements If the terms and

conditions of share-based payment arrangements involving share options or
share appreciation rights were modified during the period, disclose:
(a) an explanation of those modifications; IFRS 2 - 47(c)

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(b) the incremental fair value granted (as a result of those modifications); IFRS 2 - 47(c)
(c) the option pricing model used to determine the incremental fair value IFRS 2 - 47(c)
granted;
(d) the weighted average share price factored into the model; IFRS 2 - 47(c)
(e) the exercise price factored into the model; IFRS 2 - 47(c)
(f) the expected volatility factored into the model; IFRS 2 - 47(c)
(g) the option life factored into the model; IFRS 2 - 47(c)
(h) the expected dividends factored into the model; IFRS 2 - 47(c)
(i) the risk-free interest rate factored into the model; IFRS 2 - 47(c)
(j) the method used and assumptions made to incorporate the effects of IFRS 2 - 47(c)
expected early exercise into the model;
(k) how expected volatility used in the model was determined, including an IFRS 2 - 47(c)
explanation of the extent to which volatility was based on historic volatility;
(l) whether and how any other features of the modification were IFRS 2 - 47(c)
incorporated into the measurement of incremental fair value, such as market
condition;
(m) any other information necessary to enable users of the financial IFRS 2 - 52
statements to understand how the incremental fair value of the equity
instruments was determined.
346 Modification of share based payment arrangements If the terms and

conditions of share-based payment arrangements, other than share options
and share appreciation rights, were modified during the period, disclose:
(a) an explanation of those modifications; IFRS 2 - 47(c)
(b) the incremental fair value granted (as a result of those modifications); IFRS 2 - 47(c)
(c) the incremental number of equity instrument granted; IFRS 2 - 47(c)
(d) if incremental fair value was not measured on the basis of an observable IFRS 2 - 47(c)
market price, how it was determined;
(e) whether and how expected dividends were incorporated into the IFRS 2 - 47(c)
measurement of incremental fair value;
(f) whether and how any other features of the modification were IFRS 2 - 47(c)
incorporated into the measurement of incremental fair value;
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(g) any other information necessary to enable users of the financial IFRS 2 - 52
statements to understand how the incremental fair value of the modification
was determined.
347 Share based payment transactions measured directly If the entity has IFRS 2 - 48
measured share based payment transactions directly (ie at the fair value of
goods and services received), disclose how that fair value was determined
(e.g. whether fair value was measured at a market price for those goods
and services)
348 Transaction with parties other than employees measured indirectly

If the entity has entered into equity-settled share-based transactions with
parties other than employees, and has measured the transaction indirectly
at the fair value of the instruments granted (i.e. it has rebutted the
presumption that the fair value of goods and services received can be
estimated reliably), disclose:
(a) that fact; IFRS 2 - 49
(b) an explanation of why the presumption was rebutted. IFRS 2 - 49

A5 Statement of Cash Flows
1 Cash flow statement IAS 7 - 10

Report cash flows classified by operating, investing and financing activities.
Note: For periods beginning on or after 1.1.2010 only expenditures that
result in a recognised asset in the statement of financial position are eligible
for classification as investing activities.
2 Cash flows from operating activities IAS 7 - 18

Report cash flows from operating activities using either:(a) the direct
method, whereby major classes of gross cash receipts and gross cash
payments are disclosed: or(b) the indirect method, whereby net profit or loss
is adjusted for the effects of transactions of a non-cash nature, any deferrals
or accruals of past or future operating cash receipts or payments, and items
of income or expense associated with investing of financing cash flows.
3 Cash receipts and payments reported gross IAS 7 - 22IAS 7 - 21

Report separately major classes of gross cash receipts and gross cash
payments arising from investing and financing activities. However note that
the following cash flows from operating, investing or financing may be
reported on a net basis:
(a) cash receipts and payments on behalf of customers when the cash flows
reflect the activities of the customer rather than those of the entity; and
(b) cash receipts and payments for items in which the turnover is quick, the
amounts are large, and the maturities are short.
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4 Cash flows of a financial institution IAS 7 - 24

Cash flows arising from each of the following activities of a financial
institution may be reported on a net basis:(a) cash receipts and payments
for the acceptance and repayment of deposits with a fixed maturity date;
(b) the placement of deposits with and withdrawal of deposits from other
financial institutions; and(c) cash advances and loans made to customers
and the repayment of those advances and loans.
5 Cash flows from interest and dividends IAS 7 - 31

Disclose cash flows from interest and dividends received and paid
separately, and classify each in a consistent manner from period to period
as either operating, investing or financing activities.
6 Cash flows arising from taxes on income IAS 7 - 35

Disclose and classify cash flows arising from taxes on income separately
within operating activities unless they can be separately identified with
financing and investing activities.
7 Cash flows from acquisitions and disposals IAS 7 - 39

Disclose aggregate cash flows arising from acquisitions and disposals of
subsidiaries or other business units separately within investing activities.

Present and classify cash flows arising from obtaining or losing control of
subsidiaries or other businesses separately within investing activities.
9 Cash flows arising from changes in ownership interests Cash flows arising IAS 7 - 42A
from changes in ownership interests that do not result in a loss of control
shall be classified as cash flows from financing activities.
Note: This applies unless the subsidiary is held by an investment entity
(as defined in IFRS 10) which is required to be measured at fair value
through profit of loss.

Disclose, in aggregate, in respect of both acquisitions and disposals of
subsidiaries or other business units during the period each of the
following:
(a) the total purchase or disposal consideration; IAS 7 - 40(a)
(b) the portion of the consideration discharged by means of cash and IAS 7 - 40(b)
cash equivalents;
(c) the amount of cash and cash equivalents in the subsidiary or business IAS 7 - 40(c)
unit acquired or disposed of;
(d) the amount of the assets and liabilities other than cash or cash IAS 7 - 40(d)
equivalents acquired or disposed of, summarised by each major category.
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11 Cash flows from acquisitions and disposals

Disclose, in aggregate, in respect of both obtaining and losing control of
subsidiaries or other businesses during the period each of the following:
(a) the total consideration paid or received; IAS 7 - 40(a)
(b) the portion of the consideration consisting of cash and cash IAS 7 - 40(b)
equivalents;
(c) the amount of cash and cash equivalents in the subsidiaries or other IAS 7 - 40(c)
businesses over which control is obtained or lost;
Note: Per IAS 7 40A an entity need not apply this disclosure requirement
to an investment in a subsidiary that is required to be measured at fair
(d) the amount of the assets and liabilities other than cash or cash IAS 7 - 40(d)
equivalents in the subsidiaries or other businesses over which control is
obtained or lost, summarised by each major category.
Note: Per IAS 7 40A an entity need not apply this disclosure requirement
to an investment in a subsidiary that is required to be measured at fair
12 Cash flows attributable to the exploration for and evaluation of mineral

resources
Disclose the investing cash flows arising form the exploration for and
evaluation of mineral resources:
(a) the cash flows attributable to the operating activities arising from the IFRS 6 - 24(b)
exploration for and evaluation of mineral resources; and
(b) the cash flows arising from investing activities arising form the IFRS 6 - 24(b)
exploration for and evaluation of mineral resources.
13 Significant non-cash transactions IAS 7 - 43

Disclose significant investing and financing non-cash transactions in the
notes to the accounts, providing all relevant information about these
activities.
14 Cash flows attributable to discontinued operations Disclose either in the IFRS 5 -

notes or on the face of the cash flow statement (Note: Disclosure not 34IFRS 5 -
required for disposal groups that are newly acquired subsidiaries meeting 33(c)
the criteria to be classified as held for sale):
(a) the cash flows attributable to the operating, investing and financing IFRS 5 - 33(c)
activities of discontinued operations.
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(b) Re-present cash flow information for prior periods presented in the IFRS 5 - 34
financial statements so that the disclosures relate to all operations that
have been discontinued by the balance sheet date for the latest period
presented.
15 Reconciliation of the components of cash and cash equivalents IAS 7 - 45

Disclose the components of cash and cash equivalents and present a
reconciliation of the amounts in its cash flow statement with the equivalent
items reported in the balance sheet.
16 Cash not available for use IAS 7 - 48

Disclose, together with a commentary by management, the amount of
significant cash and cash equivalents held by the entity that are not
available for use by the group.
17 Credit risk - Guarantees IAS 32 - 82

Although not necessarily recognised on the balance sheet, guaranteeing
an obligation of another party creates a liability and exposes the entity to
credit risk. This is taken into account in the disclosure of information about
the entity's exposure to credit risk.
18 Additional cash flow information

Disclosure of the following information, together with a commentary by
management, is ENCOURAGED:
(a) amount of undrawn borrowing facilities that may be available for future IAS 7 - 50(a)
operating activities and to settle capital commitments, indicating any
restrictions on the use of these facilities;
(b) aggregate amounts of the cash flows from each of operating, investing IAS 7 - 50(b)
and financing activities related to interests in joint ventures reported using
proportionate consolidation;
(c) aggregate amount of cash flows that represent increases in operating IAS 7 - 50(c)
capacity separately from those that are required to maintain operating
capacity;
(d) amount of cash flows arising from the operating, investing and IAS 7 - 50(d)
financing activities of each reported industry and geographical segment.
(da) amount of cash flows arising from the operating, investing and IAS 7 - 50(d)
financing activities of each reportable segment.
A6 Statement of Changes in Equity

1 Statement of Changes in Equity
Present a statement of changes in equity that shows in that statement:
(A) total comprehensive income for the period; IAS 1 (2007) -
106(a)
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(B) the total amounts of total comprehensive income attributable to owners IAS 1 (2007) -
of the parent and to non-controlling interests (minority interest); 106(a)
(C) for each component of equity, the effects of retrospective application or IAS 1 (2007) -
retrospective restatement recognised in accordance with IAS 8; 106(b)
(D) for each component of equity, a reconciliation between the carrying IAS 1 (2007) -
amount at the beginning and end of the period separately disclosing:(a) 106(d)(i)
profit or loss
(b) each item of other comprehensive income IAS 1 (2007) -

106(d)(ii)
(bb) other comprehensive income IAS 1 (2007) -

106(d)(ii)
(c) transactions with owners in their capacity as owners, showing IAS 1 (2007) -
separately:(i) contributions by owners 106(d)(iii)
(ii) distributions to owners IAS 1 (2007) -

106(d)(iii)
(iii) changes in ownership interests in subsidiaries that do not result in a IAS 1 (2007) -
loss of control. 106(d)(iii)
2 Information to be presented in SOCIE or notes IAS 1 (2007) -

For each component of equity present an analysis of other comprehensive 106(d)(ii)
income by item (either in the statement of changes in equity or in the
notes).
3 Transactions with owners IAS 1 (2007) -

Show in the statement of changes in equity the amounts of transactions 106(c)
with owners in their capacity as owners showing separately contributions
by and distributions to owners.
4 Components of equity IAS 1 (2007) -

For each component of equity, present a reconciliation between the 106(d)
carrying amount at the beginning and the end of the period, separately
disclosing each change.
5 Proposed Dividends IAS 1 (2007) -

An entity shall present, either in the statement of changes in equity or in 107
the notes, the amount of dividends recognised as distributions to owners
during the period, and the related amount of dividends per share.
6 Impairment losses
For each class of asset, disclose:
(a) the amount of impairment losses on revalued assets recognised IAS 36 - 126(c)
directly in equity during the period;
(b) the amount of reversals of impairment losses on revalued assets IAS 36 - 126(d)
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7 Tax relating to items charged or credited to equity Disclose separately the IAS 12 - 81(a)
aggregate current and deferred tax relating to items that are charged or
credited to equity.
A7 Statement of Recognised Income and Expense
1 Tax relating to items charged or credited to equity Disclose separately the IAS 12 - 81(a)
aggregate current and deferred tax relating to items that are charged or
credited to equity.
A8 Capital Disclosure
1 Capital IAS 1 (2007) -

An entity shall disclose information that enables the users of its financial 134
statements to evaluate the entity's objectives, policies and processes for
managing capital.
2 Capital - Qualitative information

Disclose qualitative information (based on the information provided
internally to the entity's key management personnel) about the entity's
objectives, policies and processes for managing capital, including but not
limited to:
(a) a general description of what the entity manages as capital; IAS 1 (2007) -
135(a)(i)
(b) when an entity is subject to externally imposed capital requirements, IAS 1 (2007) -
the nature of those requirements and how those requirements are 135(a)(ii)
incorporated into the management of capital; and
(c) How the entity is meeting its objectives for managing capital. IAS 1 (2007) -
135(a)(iii)
3 Capital - quantitative data IAS 1 (2007) -

Disclose summary quantitative data (based on the information provided 135(b)
internally to the entity's key management personnel) about what the entity
manages as capital. Note: Some entities regard some financial liabilities
(for example some forms of subordinated debt) as part of capital.
Other entities regard capital as excluding some components of equity (for
example components arising from cash flow hedges).
4 Capital - changes from the previous period In respect of capital an entity

shall disclose:
(a) Any changes in the entity's objectives, policies and processes for IAS 1 (2007) -
managing capital from the previous period; and 135(c)
(b) Any changes in what the entity manages as capital. IAS 1 (2007) -
135(c)
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5. Capital - externally imposed capital requirements Where the entity has IAS 1 (2007) -
externally imposed capital requirements placed upon it disclose: 135(d)
(a) whether during the period the entity has complied with any externally imposed IAS 1 (2007) -
capital requirements to which it is subject; and 135(d)
(b) when the entity has not complied with such externally imposed capital IAS 1 (2007) -
requirements, the consequences of such non-compliance. 136
6. Capital Disclosure Requirements - aggregate Information Where aggregate
disclosure of capital requirements and how capital is managed would not provide
useful information or distorts the financial statements user's understanding of the
entity's capital resources, has the entity disclosed separate information for each
capital requirement for which the entity is subject to ?
A9 Fair Value Hierarchy Transfers
1. Fair value disclosure - general information Disclose information that helps
users of its financial statements assess both of the following :
(a) for assets and liabilities that are measured at fair value IFRS 13 - on a recurring or non-recurring
basis in the statement of (91)(a) financial position after initial recognition, the valuation
techniques and inputs used to develop those measurements.
(b) for recurring fair value measurements using significant IFRS 13 - unobservable inputs (Level 3),
the effect of the (91)(b) measurements on profit or loss or other comprehensive
income for the period.
2. Fair value - additional disclosure IFRS 13 - If the disclosures
provided in accordance with this IFRS (92)
and other IFRSs are insufficient to meet the objectives in question 11.1, an entity shall disclose
additional information necessary to meet those objectives.
3. Fair value measurement - minimum disclosure requirements
Disclose, at a minimum, the following information for each class of assets and liabilities measured at
fair value (including measurements based on fair value within the scope of this IFRS) in the statement
of financial position after initial recognition:
(A) for recurring and non-recurring fair value IFRS 13 - measurements, the fair value
measurement at the end of (93)(a) the reporting period.
(B) for non-recurring fair value measurements, the IFRS 13 - reasons for the measurement.
(93)(a)
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(C) for recurring and non-recurring fair value measurements, the level IFRS 13 - (93)(b)
of the fair value hierarchy within which the fair value measurements
are categorised in their entirety (Level 1, 2 or 3).
(D) for assets and liabilities held at the end of the reporting period IFRS 13 - (93)(c)
that are measured at fair value on a recurring basis disclose:(i) the IFRS 13 -
amounts of any transfers between Level 1 and Level 2 of the fair (95)
value hierarchy and the reasons for those transfers.
Note: Transfers into each level shall be disclosed and discussed
separately from transfers out of each level.
(ii) the reasons for those transfers between Level 1 and Level 2 of IFRS 13 - (93)(c)
the fair value hierarchy. IFRS 13 -
Note: Transfers into each level shall be disclosed and discussed (95)
separately from transfers out of each level.
(iii) the entity’s policy for determining when transfers between level 1 IFRS 13 -
and level 2 are deemed to have occurred Note 1: Transfers into each (95)
level shall be disclosed and discussed separately from transfers out IFRS 13 - (93)(c)
of each level. Note 2: These policies are required to be consistently
followed.
Note 3: The policy about the timing of recognising transfers shall be

the same for transfers into the levels as for transfers out of the levels.
(E) For recurring and non-recurring fair value measurements IFRS 13 - (93)(d)
categorised within Level 2 and Level 3 of the fair value hierarchy
disclose:(i) A description of the valuation technique(s).
(ii) The inputs used in the fair value measurement. IFRS 13 - (93)(d)
(iii) If there has been a change in valuation technique (for example a IFRS 13 - (93)(d)
changing from a market approach to an income approach or the use
of an additional valuation technique), the entity shall disclose:(I) that
change; and
(II) the reason(s) for making that change. IFRS 13 - (93)(d)
(F) for recurring and non-recurring fair value measurements IFRS 13 - (93)(d)
categorised within Level 3 of the fair value hierarchy, an entity shall
provide quantitative information about the significant unobservable
inputs used in the fair value measurement .
(G) For recurring fair value measurements categorised within Level 3 IFRS 13 - (93)(e)
of the fair value hierarchy disclose:(i) a reconciliation from the
opening balances to the closing balances.
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(ii) Disclose separately in the reconciliation changes during the period IFRS 13 - (93)(e)(i)
attributable to the following:(I) total gains or losses for the period
recognised in profit or loss.
(II) the line item(s) in profit or loss in which the above gains or losses IFRS 13 - (93)(e)(i)
are recognised.
(III) total gains or losses for the period recognised in other IFRS 13 - (93)(e)(ii)
(IV) the line item(s) in other comprehensive income in which the IFRS 13 - (93)(e)(ii)
above gains or losses are recognised.
(V) purchases, sales, issues and settlements (each of those types of IFRS 13 -
changes disclosed separately). (93)(e)(iii)
(VI) the amounts of any transfers into or out of Level 3 of the fair IFRS 13 -
value hierarchy. 13(95)
Note: Transfers into Level 3 shall be disclosed and discussed IFRS 13 - (93)(e)(iv)
separately from transfers out of Level 3.
(VII) the reasons for the transfers into or out of level 3. Note: IFRS 13 - (93)(e)(iv)
Transfers into Level 3 shall be disclosed and discussed separately IFRS 13 -
from transfers out of Level 3. (95)
(VIII) the entity’s policy for determining when transfers into or out of IFRS 13 -
level 3 are deemed to have occurred . (95)
Note 1: Transfers into Level 3 shall be disclosed and discussed IFRS 13 - (93)(e)(iv)
separately from transfers out of Level 3. Note 2: These policies are
required to be consistently followed.
Note 3: The policy about the timing of recognising transfers shall be
the same for transfers into the levels as for transfers out of the levels.
(H) for recurring fair value measurements categorised within Level 3 IFRS 13 - (93)(f)
of the fair value hierarchy disclose:(i) the amount of the total gains or
losses for the period (as required to be disclosed under question
11.2.1 G (ii) I and
II) included in profit or loss that is attributable to the change in
unrealised gains or losses relating to those assets and liabilities held
at the end of the reporting period; and
(ii) the line item(s) in profit or loss in which those unrealised gains or IFRS 13 - (93)(f)
losses are recognised.
(I) for recurring and non-recurring fair value measurements IFRS 13 - (93)(g)
categorised within Level 3 of the fair value hierarchy, a description of
the valuation processes used by the entity (including, for example,
how an entity decides its valuation policies and procedures and
analyses changes in fair value measurements from period to period).
(J) For recurring fair value measurements categorised within Level 3 IFRS 13 - (93)(h)(i)
of the fair value hierarchy disclose:(i) for all such measurements, a
narrative description of the sensitivity of the fair value measurement
to changes in
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unobservable inputs if a change in those inputs to a different amount

might result in a significantly higher or lower fair value measurement.
(ii) If there are interrelationships between those inputs and other IFRS 13 - (93)(h)(i)
unobservable inputs used in the fair value measurement, an entity
shall also provide a description of those interrelationships and of how
they might magnify or mitigate the effect of changes in the
unobservable inputs on the fair value measurement.
Note: To comply with that disclosure requirement, the narrative
description of the sensitivity to changes in unobservable inputs shall
include, at a minimum, the unobservable inputs disclosed when
complying with question11.2.1 (F) above.
(K) for financial assets and financial liabilities, if changing one or IFRS 13 - (93)(h)(ii)
more of the unobservable inputs to reflect reasonably possible
alternative assumptions would change fair value significantly :(i) state
that fact.
(ii) disclose the effect of those changes. IFRS 13 - (93)(h)(ii)
(iii) disclose how the effect of a change to reflect a reasonably IFRS 13 - (93)(h)(ii)
possible alternative assumption was calculated.
(L)For recurring and non-recurring fair value measurements, if the IFRS 13 - (93)(i)
highest and best use of a non- financial asset differs from its current
use, an entity shall disclose that fact and why the non-financial asset
is being used in a manner that differs from its highest and best use.
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5 Assets and liabilities not measured at fair value but fair value is disclosed
For each class of assets and liabilities not measured at fair value in the
statement of financial position but for which the fair value is disclosed, an
entity shall disclose: Note: For such assets and liabilities, an entity does
not need to provide the other disclosures required by IFRS 13.
(a) the level of the fair value hierarchy within which the fair value IFRS 13 -
measurements are categorised in their entirety (Level 1, 2 or 3). (97)
(b) a description of the valuation technique(s). IFRS 13 -

(97)
(c) The inputs used in the fair value measurement. IFRS 13 -
(97)
(d) If there has been a change in valuation technique (eg changing from a IFRS 13 -
market approach to an income approach or the use of an additional (97)
valuation technique), the entity shall disclose:(i) that change; and
(ii) the reason(s) for making that change. IFRS 13 -

(97)
(e) if the highest and best use of a non-financial asset differs from its IFRS 13 -
current use, an entity shall disclose that fact and why the non-financial (97)
asset is being used in a manner that differs from its highest and best use.
6 Liabilities measured at fair value IFRS 13 -

For a liability measured at fair value and issued with an inseparable third- (98)
party credit enhancement, an issuer shall disclose the existence of that
credit enhancement and whether it is reflected in the fair value
measurement of the liability.
7 Presentation of quantitative disclosures in tabular format An entity shall IFRS 13 -

present the quantitative disclosures required by IFRS 13 in a tabular format (99)
unless another format is more appropriate.
8 Fair value - additional disclosure IFRS 13 -

If the disclosures provided in accordance with IFRS 13 Fair Value (92)
Measurement (and other IFRSs) are insufficient to meet the objectives in
question 11.1, an entity shall disclose additional information necessary to
meet those objectives
End of Checklist
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Section B
Additional Disclosures
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B1 First time adoption
1 Historical information presented under previous GAAP In any financial

statements containing historical
summaries or comparative information in accordance with previous
GAAP:
(a) label the previous GAAP information prominently as not being IFRS 1
prepared under IFRSs; and (2008) - 22(a)
(b) disclose the nature of the main adjustments that would make it IFRS 1
comply with IFRS. The entity need not quantify those adjustments. (2008) - 22(b)
2 First-time adoption of IFRS IFRS 1

If the entity did not present financial statements for previous periods (2008) - 28
disclose that fact in its first IFRS financial statements.
3 Resuming the preparation of annual financial statements in accordance

with IFRSs
The entity, that has applied IFRSs in a previous period (but the most
recent previous annual financial statements did not contain an explicit
and unreserved statement of compliance with IFRSs) shall disclose:
(a) the reason it stopped applying IFRSs; IFRS 1

(2008) - 23A(a
(b) the reason it is resuming the application of IFRSs; and IFRS 1

(2008) - 23A(b)
(c) an explanation of the reasons for electing to apply IFRSs as if it had IFRS 1
never stopped applying IFRSs. (2008) - 23B
4 Explanation of transition to IFRSs IFRS 1
An entity shall explain how the transition from previous GAAP to IFRSs (2008) - 23
affected its reported financial position, financial performance and cash
flows.
5 First-time adoption of IFRS - Reconciliations

Explain how the transition from previous GAAP to IFRSs affected the
entity's reported financial position, financial performance and cash flows.
Such explanation should include:
(a) reconciliations of its equity reported under previous GAAP to its IFRS 1
equity under IFRSs for both of the following dates:(i) the date of (2008) -
transition to IFRS; 24(a)(i)
(ii) the end of the latest period presented in the entity's most recent IFRS 1
annual financial statements under previous GAAP; (2008) -
24(a)(ii)
(b) a reconciliation to its total comprehensive income in accordance with IFRS 1
IFRSs for the latest period in the entity's most recent annual financial (2008) - 24(b)
statements. The starting point for that reconciliation shall be the total
comprehensive income in accordance with previous
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GAAP for the same period or, if an entity did not report such a total,
profit or loss reported under previous GAAP.
(c) if the entity recognised or reversed any impairment losses for the first IFRS 1
time in preparing its opening IFRS statement of financial position, the (2008) - 24(c)
disclosures that IAS 36 'Impairment of Assets' would have required if the
entity had recognised those impairment losses or reversals in the period
beginning with the date of transition to IFRSs (See the Help box for the
relevant IAS 36 disclosures);
(d) give sufficient detail in the reconciliations required by IFRS 1(2008) IFRS 1
24 (a) and (b), as specified in question 2.9A.1 (a) and (b) above, to (2008) - 25
enable users to understand the material adjustments to the statement of
financial position and statement of comprehensive income.
(e) if an entity presented a cash flow statement under its previous GAAP, IFRS 1
explain the material adjustments to the cash flow statement; and (2008) - 25
(f) if the entity becomes aware of the errors made under previous GAAP IFRS 1
in the reconciliations required by IFRS 1 (2008) :24 (a) and (b), as (2008) - 26
specified in questions 2.9.1 (a) and (b) above, distinguish between the
correction of those errors from changes in accounting policies.
6 Comparative information IFRS 1

To comply with IAS 1, an entity's first IFRS financial statements shall (2008) - 21
include at least three statements of financial position, two statements of
comprehensive income, two separate income statements (if presented),
two statements of cash flows and two statements of changes in equity
and related notes, including comparative information.
7 Comparative information IFRS 1

To comply with IAS 1, an entity's first IFRS financial statements shall (2008) - (21)
include at least three statements of financial position, two statements of
comprehensive income, two separate statements of profit or loss (if
presented), two statements of cash flows and two statements of
changes in equity and related notes, including comparative information.
8 First Time Adoption - Comparative Information IFRS 1

An entity's first IFRS financial statements shall include at least three (2008) - 21
statements of financial position, two statements of comprehensive
income, two separate statements of profit or loss (if presented), two
statements of cash flows and two statements of changes in equity and
related notes, including comparative information for all periods
presented.
9 Changes in accounting policies or use of exemptions under IFRS 1
Disclose:
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(a) the changes between the entity's first IFRS interim financial report and IFRS 1
its first IFRS financial statements; (2008) - 27A
(b) update the reconciliations required by IFRS 1 paragraphs 24(a) and (b) IFRS 1
as per questions 2.9A.1(a) and (2008) - 27A
(b) above;
10 Early application of amendments to IFRS 1 - Additional exemptions for IFRS 1

First-time adopters (2008) - 39A
Disclose that the amendments to IFRS 1 - Additional exemptions for First-
time adopters have been applied early.
(1) Amendments to IFRS 1: Accounting policy changes in the year of IFRS 1

adoption (2008) - 39E
(2) Amendments to IFRS 1: Revaluation basis as deemed cost IFRS 1

(2008) - 39E
(3) Amendments to IFRS 1: Use of deemed cost for operations subject to IFRS 1
rate regulation (2008) - 39E
(1) Amendments to IFRS 1: Repeated Application of IFRS 1. IFRS 1

(2008) - 39P
(2) Amendments to IFRS 1: Borrowing Costs. IFRS 1

(2008) - 39Q
(4) Amendments to IFRS 1: Comparative Information for a first time IFRS 1

adopter (2008) - 39R
11 Use of deemed cost after severe hyperinflation IFRS 1

Disclose in the entity's first IFRS financial statements an explanation of (2008) - 31C
how, and why, the entity had a functional currency that had both of the
characteristics of severe hyperinflation .
12 Use of deemed cost after severe hyperinflation IFRS 1

Disclose in the entity's first IFRS financial statements an explanation of (2008) - 31C
how, and why, the entity ceased to have a functional currency that had
both of the characteristics of severe hyperinflation .
13 First-time adoption of IFRS - Deemed Cost - Intangibles If the entity uses

fair value in its opening IFRS statement of financial position as deemed
cost for an intangible asset that meets the criteria in IAS 38 for revaluation,
the entity's first financial statements shall disclose, for each line item in the
opening IFRS statement of financial position:
(a) the aggregate of those fair values; and IFRS 1

(2008) - (30)
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(b) the aggregate adjustment to the carrying amounts reported under IFRS 1
previous GAAP. (2008) - (30)
14 Deemed Cost of Intangibles - Rate Regulation Disclose the basis on which IFRS 1
carrying amounts of (2008) - 31B
intangible assets were determined under previous GAAP.
15 First time adoption of IFRS

If the entity uses fair value in its opening IFRS balance sheet as deemed
cost for an item of property, plant and equipment the entity's first financial
statements shall disclose, for each line item in the opening IFRS balance
sheet:
16 First time adoption of IFRS - Deemed Cost - PPE

If the entity uses fair value in its opening IFRS statement of financial
position as deemed cost for an item of property, plant and equipment the
entity's first financial statements shall disclose, for each line item in the
opening IFRS statement of financial position:

(2008) - (30)
17 Use of Deemed Cost for Oil and Gas Assets in the development or
production phase
Where the entity, at the date of transition to IFRSs, has elected to measure
oil and gas assets in the development or production phase at the amount
determined for the cost centre under the entity's previous GAAP disclose:
(a) that fact; and IFRS 1

(2008) - 31A
(b) the basis on which the carrying amounts determined under the previous IFRS 1
GAAP were allocated. (2008) - 31A
18 Deemed Cost of PPE - Rate Regulation IFRS 1

Disclose the basis on which carrying amounts of property, plant and (2008) - 31B
equipment were determined under previous GAAP.
19 First-time adoption of IFRS - Investment Property

If the entity uses fair value in its opening IFRS statement of financial
position as deemed cost for an investment property the entity's first
financial statements shall disclose, for each line item in the opening IFRS
statement of financial position:

(2008) - (30)
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20 Use of deemed cost - separate financial statements If the entity uses a

deemed cost in its opening IFRS statement of financial position for an
investment in a subsidiary, jointly controlled entity or associate in its
separate financial statements (see paragraph 23B of IFRS 1), the entity’s
first IFRS separate financial statements shall disclose:
(a) the aggregate deemed cost of those investments for which deemed IFRS 1
cost is their previous GAAP carrying amount; (2008) - 31(a)
(b) the aggregate deemed cost of those investments for which deemed IFRS 1
cost is fair value; and (2008) - 31(b)
(c) the aggregate adjustment to the carrying amounts reported under IFRS 1 - 44A IFRS
previous GAAP. 1
(2008) - 31(c)
21 Limited exemption for comparatives IFRS 1

Note: The entity need not provide the disclosures required by the (2008) - 39C
amendment to IFRS 7 'Improving Disclosures about financial instruments' IFRS 1
FOR: (1) any annual or interim period, including any statement of financial (2008) - E3
position, presented within an annual comparative period ending before 31
December 2009; or (2) any statement of financial position as at the
beginning of the earliest comparative period as at a date before 31
December 2009.
An entity taking advantage of this exemption is required to disclose that
fact.
22 Limited exemption for comparatives IFRS 1

For question 4.15.59A(c) and (d): The entity need not provide the (2008) - 39C
disclosures required by the amendment to IFRS 7 'Improving Disclosures IFRS 1
about financial instruments' FOR:(1) any annual or interim period, including (2008) - E3
any statement of financial position, presented within an annual
comparative period ending before 31 December 2009; or(2) any statement
of financial position as at the beginning of the earliest comparative period
as at a date before 31 December 2009. An entity taking advantage of this
exemption is required to disclose that fact.
23 Designation of financial assets and financial liabilities on first time adoption

For previously recognised financial assets and financial liabilities that, at
the date of transition to IFRS, are designated as financial assets or
financial liabilities through profit or loss or as available for sale, disclose:
(a) the fair value of financial assets or financial liabilities designated into IFRS 1
each category at the date of designation; and (2008) - (29)
(b) the classification and carrying amount in the previous financial IFRS 1
statements. (2008) - (29)
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24 Designation of Financial Assets on First Time Adoption For previously

recognised financial assets that, at the date of transition to IFRS, are
designated as financial assets measured at fair value through profit or loss
disclose:
(a) Fair value of financial assets so designated at the date of designation; IFRS 1
(2008) - (29)
(b) Their classification; and IFRS 1

(2008) - (29)
(c) Their carrying amount in the previous financial statements. IFRS 1

(2008) - (29)
25 Designation of Financial Liabilities on First Time Adoption Disclose the

following:
(a) Fair value of financial liabilities so designated at the date of IFRS 1

designation; (2008) - (29A)
(b) Their classification; and IFRS 1

(2008) - (29A)
(c) Their carrying amount in the previous financial statements. IFRS 1

(2008) - (29A)
B2 Hyperinflation
1 Hyperinflationary currencies IAS 29

If the entity reports in the currency of a hyperinflationary currency, disclose:
(a) the fact that the financial statements and the corresponding figures for IAS 29 - 39(a)
previous periods have been restated for the changes in the general
purchasing power of the functional currency and, as a result, are stated in
terms of the measuring unit current at the balance sheet date;
(b) whether the financial statements are based on a historical cost or a IAS 29 - 39(b)
current cost approach.
2 Gain/loss on net monetary position IAS 29 - 9

Disclose the gain or loss on the net monetary position included in net
income arising from stating comparatives in terms of the measuring unit
current at the balance sheet date.
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3 Hyperinflationary currency - price index IAS 29 - 39(c)

Disclose the identity and level of the price index at the balance sheet
date and the movement in the index during the current and the previous
reporting period.
B3 Earnings per Share
1 Earnings per share IAS 33 - 66

Present on the face of the income statement basic and diluted earnings
per share for profit or loss attributable to the ordinary equity holders of
the parent entity
2 Earnings per share IAS 33 - 66

per share for profit or loss attributable to the ordinary equity holders of
the parent entity for each class of ordinary shares that has a different
right to share in profit for the period
3 EPS from continuing operations IAS 33 - 66

per share for profit or loss from continuing operations attributable to the
ordinary equity holders of the parent

per share for profit or loss from continuing operations attributable to the
ordinary equity holders of the parent entity for each class of ordinary
shares that has a different right to share in profit for the period

Present in the statement of comprehensive income basic and diluted
earnings per share for profit or loss from continuing operations
attributable to the ordinary equity holders of the parent entity for each
class of ordinary shares that has a different right to share in profit for the
period.
6 EPS from continuing operations IAS 33 - 67A

If an entity presents the components of profit of loss in a separate
income statement (see paragraph 81 of IAS 1 Revised 2007) it presents
basic and diluted earnings per share as required in 3.44A above.
7 EPS from continuing operations IAS 33 - (67A)

If an entity presents items of profit of loss in a separate statement of
profit or loss (as described in paragraph 10A of IAS 1 (as amended in
June 2011) it presents basic and diluted earnings per share in that
separate statement, as required in 3.44A above.
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8 EPS for discontinued operation IAS 33 - 68

Disclose basic and diluted amounts per share for discontinued operations
on the face of the income statement or in the notes to the financial
statements
9 EPS for discontinued operations IAS 33 - 68

Disclose basic and diluted amounts per share for discontinued operations
on the face of the statement of comprehensive income in the notes to the
financial statements.
10 EPS for discontinued operations IAS 33 - 68A

If an entity presents the components of profit of loss in a separate income
statement (see paragraph 81 of IAS 1 Revised 2007) it presents basic and
diluted earnings per share for the discontinued operations as required in
3.45A above.
11 EPS for discontinued operations IAS 33 - (68A)

If an entity presents items of profit or loss in a separate statement of profit
or loss (as described in paragraph 10A of IAS 1 (as amended in June
2011) it presents basic and diluted earnings per share for the discontinued
operations, in that separate statement or in the notes, as required in 3.45A
above.
12 Prominence of EPS IAS 33 - 66

Present basic and diluted earnings per share with equal prominence for all
periods presented.
13 Negative EPS IAS 33 - 69

Disclose basic and diluted EPS even if the amounts so disclosed are
negative. (i.e. a loss per share)
14 Earnings per share Disclose:
(a) the amounts used as the numerators in calculating basic and diluted IAS 33 - 70(a)
earnings per share, and a reconciliation of those amounts to profit or loss
attributable to the parent entity for the period. Include in the reconciliation
the individual effect of each class of instruments that affects earnings per
share;
(b) the weighted average number of ordinary shares used as the IAS 33 - 70(b)
denominator in calculating basic and diluted earnings per share, and a
reconciliation of these denominators to each other. Include in the
reconciliation the individual effect of each class of instruments that affects
earnings per share;
(c) instruments (including contingently issuable shares) that could IAS 33 - 70(c)
potentially dilute basic earnings per share in the future, but were not
included in the calculation of diluted earnings per share because they are
antidilutive for the periods presented;
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(d) a description of ordinary share transactions or potential ordinary share IAS 33 - 70(d)
transactions, that occur after the balance sheet date and that would have IAS 33 - 64
changed significantly the number of ordinary shares or potential ordinary
shares outstanding at the end of the period if those transactions had
occurred before the end of the reporting period.
Note: Where, after the year end, the number of ordinary or potential
ordinary shares outstanding increases as a result of a capitalisation,
bonus issue or share split, or decreases as a result of a reverse share
split, this disclosure does not apply. This is because the denominator used
in the calculation of basic and diluted earnings per share presented on the
face of the income statement already reflect those changes. The help
screen gives examples of transactions which are relevant for the purposes
of this disclosure
15 EPS - Contracts generating potential ordinary shares Disclosure of the IAS 33 - 72

terms and conditions of financial instruments and other contracts which
generate potential ordinary shares affecting the measurement of basic and
diluted EPS is ENCOURAGED, even if such disclosure is not specifically
required by IAS 32 (Financial instruments: disclosure and presentation.)
16 Disclosure of additional EPS figures

Where an entity discloses, in addition to basic and diluted EPS, amounts
per share using a reported component of the income statement other than
one required by IAS 33 'Earnings per Share':
(a) disclose basic and diluted amounts per share relating to that IAS 33 - 73
component with equal prominence (such amounts being calculated using
the weighted average number of ordinary shares determined in
accordance with IAS 33 'Earnings per Share');
(b) present those additional basic and diluted EPS amounts in the notes to IAS 33 - 73
the financial statements, NOT on the face of the income statement;
(c) disclose the basis on which the numerator(s) is (are) determined, IAS 33 - 73
including whether amounts per share are before tax or after tax;
(d) if a component of the income statement is used that is not reported as IAS 33 - 73
a line item in the income statement, disclose a reconciliation between the
component used and a line item that is reported in the income statement.
B4 Agriculture
1 Agricultural activity IAS 41 - 46(b)
If not published elsewhere in information published with the financial IAS 41 - 46(a)
statements, describe:
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(a) the nature of the entity's activities involving each group of biological IAS 41 - 46(a)
asset; and
(b) non-financial measures or estimates of the physical quantities of IAS 41 - 46(b)

(i) each group of the entity's biological assets at the end of the period;
(ii) output of agricultural produce during the year. IAS 41 - 46(b)
2 Fair value of agricultural assets IAS 41 - 47

Disclose the methods and significant assumptions applied in determining
the fair value of each group of agricultural produce at the point of
harvest and each group of biological assets.
3 Biological assets carried at historic cost IAS 41 - 54(d) IAS

If an entity measures biological assets at their cost less any 41 - 54(e)
accumulated depreciation and any accumulated impairment losses at
the end of the period, disclose for such biological assets:
(a) the depreciation method used; IAS 41 - 54(d)
(b) the useful lives or the depreciation rates used. IAS 41 - 54(e)
4 Gains and losses on biological assets IAS 41 - 40

Disclose the aggregate gain or loss arising during the current period on
initial recognition of biological assets and agricultural produce and from
the change in fair value less estimated point-of-sale costs of biological
assets
5 Disposal of biological assets IAS 41 - 55

If, during the current period, the entity measures biological assets at
their cost less any accumulated depreciation and any accumulated
impairment losses, disclose any gain or loss recognised on disposal of
such biological assets.
6 Fair value of agricultural produce IAS 41 - 48

Disclose the fair value less estimated point-of-sale costs of agricultural
produce harvested during the period, determined at the point of harvest
7 Agricultural activity Disclose: IAS 41 - 49
(a) the existence and carrying amounts of biological assets whose title is IAS 41 - 49
restricted, and the carrying amounts of biological assets pledged as
security for liabilities;
(b) the amount of commitments for the development or acquisition of IAS 41 - 49
biological assets;
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8 Biological Assets IAS 41 - 51

Present a reconciliation of changes in the carrying amount of biological IAS 41 - 55
assets between the beginning and the end of the current period including: IAS 41 - 50
(a) the gain or loss arising from changes in fair value less estimated point- IAS 41 - 50
of-sale costs;
(b) increases due to purchases; IAS 41 - 50
(c) decreases attributable to sales and biological assets classified as held IAS 41 - 50
for sale (or included in a disposal group that is classified as held for sale)
in accordance with IFRS 5
(d) decreases due to harvest; IAS 41 - 50
(e) increases resulting from business combinations; IAS 41 - 50
(f) net exchange differences arising on the translation of financial IAS 41 - 50

statements into a different presentation currency, and on the translation of
a foreign operation into the presentation currency of the reporting entity;
(g) other changes. IAS 41 - 50
9 Biological Assets
If, during the current period, an entity measures biological assets at their
cost less any accumulated depreciation and any accumulated impairment
losses the reconciliation should disclose amounts related to such biological
assets separately. In addition, the reconciliation should include the
following amounts included in net profit or loss related to those biological
assets:
(a) impairment losses; IAS 41 - 55
(b) reversals of impairment losses; and IAS 41 - 55
(c) depreciation. IAS 41 - 55

The fair value less estimated point of sale costs of a biological asset can
change due to both physical changes and price changes in the market.
Separate disclosure of physical and price changes is useful in appraising
current period performance and future prospects, particularly when there is
a production cycle of more than one year. In such cases, an entity is
ENCOURAGED to disclose, by group or otherwise, the amount of change
in fair value less estimated point-of-sale costs included in net profit or loss
due to physical changes and due to price changes. This information is
generally less useful when the production cycle is less than one year.
11 Biological Assets
If an entity measures biological assets at their cost less any accumulated
depreciation and any accumulated
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impairment losses at the end of the period, the entity should disclose for
such biological assets:
(a) a description of the biological assets; IAS 41 - 54(a)
(b) an explanation of why fair value cannot be measured reliably; IAS 41 - 54(b)
(c) if possible, the range of estimates within which fair value is highly IAS 41 - 54(c)
likely to lie;
(d) the gross carrying amount and the accumulated depreciation IAS 41 - 54(f)
end of the period.
12 Biological assets IAS 41 - (a)

If the fair value of biological assets previously measured at their cost less (b) (c)
any accumulated depreciation and any accumulated impairment losses
becomes reliably measurable during the current period, an entity should
disclose for those biological assets:
(a) a description of the biological assets; IAS 41 - 56(a)
(b) an explanation of why fair value has become reliably measurable; IAS 41 - 56(b)
(c) the effect of the change; IAS 41 - 56(c)
(d) if possible, the range of estimates within which fair value is highly IAS 41 - 54(c)
likely to lie;
(e) the depreciation method used; IAS 41 - 54(d)
(f) the useful lives or the depreciation rates used; IAS 41 - 54(e)
(g) the gross carrying amount and the accumulated depreciation IAS 41 - 54(f)
end of the period;
(h) impairment losses; and IAS 41 - 55(a)
(i) reversals of impairment losses. IAS 41 - 55(b)
13 Government grants for agricultural activity

Disclose the following related to the entity's agricultural activity:
(a) the nature and extent of government grants recognised in the financial IAS 41 - 57
statements
(b) unfulfilled conditions and other contingencies attaching the IAS 41 - 57
government grants; and
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(c) significant decreases expected in the level of government grants. IAS 41 - 57

Provide a description of each group of biological assets.

An entity is ENCOURAGED to provide a quantified description of each
group of biological assets, distinguishing between consumable and bearer
biological assets or between mature and immature biological assets, as
appropriate. For example, an entity may disclose the carrying amounts of
consumable biological assets and bearer biological assets by group. An
entity may further divide those carrying amounts between mature and
immature assets. These distinctions provide information that may be
helpful in assessing the timing of future cash flows. An entity discloses the
basis for making any such distinctions.
16 In the reporting period when Agriculture: Bearer Plants (Amendments to IAS 41 - 63

IAS 16 and IAS 41) is first applied has the entity disclosed the quantitative
information required by paragraph 28(f) of IAS 8 for each prior period
presented?
Note that an entity need not disclose the quantitative information required
by paragraph 28(f) of IAS 8 for the current period.
B5 Insurance contracts
1 Insurers - Comparatives IFRS 4 -42

Except where indicated, the entity need not provide comparatives for IFRS 4 -40
disclosures required by IFRS 4 'Insurance Contracts' if it is either
· adopting IFRS 4 for the first time; or· is a first-time adopter of IFRS
2 Insurers - Transition IFRS 4 -43
If the entity is a first-time adopter or it is adopting IFRS 4 'Insurance
Contracts' for the first time, and it is impracticable to apply a particular
requirement of paragraphs 10 to 35 of IFRS 4 to comparative information,
disclose that fact. (NB With the exception of paragraphs 15-19 it is highly
unlikely to be impracticable to apply these paragraphs to comparative
information.) Note: Paragraphs 10 to 12 deal with the unbundling of
deposit components. Paragraphs 13 to 35 deal with the following
measurement and recognition issues relating to insurance contracts:
· 13-14: Temporary exemption from some other IFRSs· 15-19: Liability
adequacy test· 20: Impairment of reinsurance assets· 21-30: Changes in
accounting policies· 31-33: Insurance contracts acquired in a business
combination or portfolio transfer· 34-35: Discretionary participation
features
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3 Insurers - Explanation of recognised amounts Disclose:
(a) the accounting policies for insurance contracts and related assets, IFRS 4 -37(a)
liabilities, income and expense (NB Comparatives required even if the
entity is applying IFRS 4 'Insurance Contracts' for the first time, or is a
first-time adopter of IFRS);
(b) the recognised assets liabilities, income and expense (and if the IFRS 4 -37(b)
entity presents its cash flow statement using the direct method, cash
flows) arising from insurance contracts. (NB Comparatives required
even if the entity is applying IFRS 4 'Insurance Contracts' for the first
time, or is a first-time adopter of IFRS);
4 Insurers - Explanation of recognised amounts(c) If the insurer is a IFRS 4 -37(b)

cedant:
(i) gains and losses recognised in profit or loss on buying reinsurance; IFRS 4 -37(b)
(ii) if it defers and amortises gains and losses arising on buying IFRS 4 -37(b)
reinsurance, the amortisation for the period and the amounts remaining
unamortised at the beginning and end of the period;
(d) the process used to determine the assumptions that have the IFRS 4 -37(c)
greatest effect on the measurement of the recognised amounts
described in (b) and (c) above;
(e) the effect of changes in assumptions used to measure insurance IFRS 4 -37(d)
assets and insurance liabilities, showing separately the effect of each
change that has a material effect on the financial statements;
(f) reconciliations of changes in insurance liabilities, reinsurance assets IFRS 4 - 37(e)

and, if any, related deferred acquisition costs.
5 Insurers - Nature and extent of risks arising from insurance contracts

Disclose:
(a) the entity's objectives in managing risks arising from insurance IFRS 4 -39(a)
contracts and its policies for mitigating those risks;
(a) its objectives, policies and processes for managing risks arising from IFRS 4 - 39(a)
insurance contracts and the methods used to manage those risks.
(b) those terms and conditions of insurance contracts that have a IFRS 4 -39(b)
material effect on the amount, timing and uncertainty of the insurer's
future cash flows;
6 Insurers - Nature and extent of risks arising from insurance contracts(c)
information about insurance risk
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(both before and after risk mitigation by reinsurance), including

information about:
(i) the sensitivity to profit or loss and equity to changes in variables that IFRS 4 -39(c)
have a material effect on them;
(i) sensitivity to insurance risk (see Help screen); IFRS 4 - 39(c)(i)
(ii) concentrations of insurance risk; IFRS 4 -39(c)
(ii) concentrations of insurance risk, including a description of how IFRS 4 -

management determines concentrations and a description of the shared 39(c)(ii)
characteristic that identifies each concentration (eg type of insured
event, geographical area, or currency);
(iii) actual claims compared with previous estimates (i.e. claims IFRS 4 -39(c)
development). The disclosure about claims development shall go back
to the period when the earliest material claim arose for which there is
still uncertainty about the amount and timing of the claims payments, but
need not go back more than ten years. An insurer need not disclose this
information for claims for which uncertainty about the amount and timing
of claims payments is typically resolved within one year;
(d) the information about exposures to interest rate risk and credit risk IFRS 4 -39(d)
that IAS 32 would require if the insurance contracts were within the
scope of IAS 32 (see Help! screen);
(d) information about credit risk, liquidity risk and market risk that IFRS 4 - 39(d)
paragraphs 31–42 of IFRS 7 would require if the insurance contracts
were within the scope of IFRS 7 (See Help screen);
(e) information about exposures to interest rate risk or market risk under IFRS 4 -39(e)
embedded derivatives contained in a host insurance contract if the
insurer is not required to, and does not, measure the embedded
derivatives at fair value.
7 Insurers - Transition IFRS 4 -44

If the entity is a first-time adopter or it is adopting IFRS 4 'Insurance
Contracts' for the first time, and it is impracticable to prepare information
about claims development that occurred before the beginning of the
earliest period for which it prepares IFRS-compliant comparative
information, disclose that fact
B6 Operating Segments IFRS8

1 Operating segments IFRS 8 - 20
Disclose information to enable users to evaluate the nature and financial
effects of the business activities in which the entity engages and the
economic environment in which it operates.
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2 General Information
An entity shall disclose the following general information:
(a) factors used to identify the entity's reportable segments, including the IFRS 8 - 22(a)
basis of organisation ;
(b) types of products and services from which each reportable segment IFRS 8 - 22(b)
derives its revenues.
3 General Information
An entity shall disclose the following general information:
(a) factors used to identify the entity's reportable segments. IFRS 8 - 22(a)
(b) The basis of organisation (including how the management has IFRS 8 - 22(a)
decided to organise the entity) .
(c) whether operating segments have been aggregated.

IFRS 8 - 22(a)
(d) Where the aggregation criteria has been applied disclose:(i) the IFRS 8 -
judgements made in applying the aggregation criteria; 22(aa)
(ii) which operating segments have been aggregated using those IFRS 8 -
judgements; and 22(aa)
(iii) the economic criteria that has been assessed in determining that the IFRS 8 -
aggregated operating segments share similar economic characteristics. 22(aa)
(e) the types of products and services from which each reportable IFRS 8 - 22(b)
segment derives its revenues.
4 Information about profit or loss, assets and liabilities IFRS 8 - 23

An entity shall report a measure of profit or loss and total assets for each
reportable segment.
An entity shall report a measure of liabilities for each reportable segment
if such an amount is regularly provided to the chief operating decision
maker.
5 Information about profit or loss, assets and liabilities IFRS 8 - 23

An entity shall report a measure of profit or loss for each reportable
segment.
An entity shall report a measure of total assets and liabilities for each
reportable segment if such amounts are regularly provided to the chief
operating decision maker.
6 Information about profit or loss, assets and liabilities An entity shall also
disclose the following about each
reportable segment if the specified amounts are included in the measure
of segment profit or loss reviewed by the
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chief operating decision maker, or are otherwise regularly provided to

the chief operating decision maker, even if not included in that measure
of segment profit or loss:
(a) revenues from external customers; IFRS 8 - 23(a)
(b) revenues from transactions with other operating segments of the IFRS 8 - 23(b)
same entity;
(c) interest revenue; IFRS 8 - 23(c)
(d) interest expense; IFRS 8 - 23(d)
(e) depreciation and amortisation; IFRS 8 - 23(e)
(f) material items of income and expense disclosed in accordance with IFRS 8 - 23(f)
paragraph 86 of IAS 1 Presentation of Financial Statements or
paragraph 97 of IAS 1 Presentation of Financial Statements (as revised
in 2007);
(g) the entity's interest in the profit or loss of associates and joint IFRS 8 - 23(g)
ventures accounted for by the equity method;
(h) income tax expense or income; and IFRS 8 - 23(h)
(i) material non-cash items other than depreciation and amortisation. IFRS 8 - 23(i)
7 Interest revenue IFRS 8 - 23

An entity shall report interest revenue separately from interest expense
for each reportable segment unless a majority of the segment's
revenues are from interest and the chief operating decision maker relies
primarily on net interest revenue to assess the performance of the
segment and make decisions about resources to be allocated to the
segment.
8 Reliance on net interest revenue IFRS 8 - 23

Where a majority of a segment's revenues are from interest and the
chief operating decision maker relies primarily on net interest revenue to
assess the performance of the segment and make decisions about
resources to be allocated to the segment, an entity may report that
segment's interest revenue net of its interest expense and disclose that
it has done so.
9 Information reviewed by or regularly provided to the Chief Operating
Decision Maker
An entity shall disclose the following about each reportable segment if
the specified amounts are included in the measure of segment assets
reviewed by the chief operating decision maker or are otherwise
regularly
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provided to the chief operating decision maker, even if not included in the
measure of segment assets:
(a) the amount of investment in associates and joint ventures accounted IFRS 8 - 24(a)
for by the equity method, and
(b) the amounts of additions to non-current assets other than financial IFRS 8 - 24(b)
instruments, deferred tax assets, post- employment benefit assets (see
IAS 19 Employee Benefits paragraphs 54-58) and rights arising under
insurance contracts.
Note: For assets classified according to a liquidity presentation, non-
current assets are assets that include amounts expected to be recovered
more than twelve months after the balance sheet date.
(ba) the amounts of additions to non-current assets other than financial IFRS 8 - (24)(b)
instruments, deferred tax assets, net defined benefit assets (see IAS 19
Employee Benefits) and rights arising under insurance contracts.

10 Explanation of measurements
An entity shall provide an explanation of the measurements of segment
profit or loss, segment assets and segment liabilities for each reportable
segment.
At a minimum, an entity shall disclose the following:
(a) the basis of accounting for any transactions between reportable IFRS 8 - 27(a)
segments.
(b) the nature of any differences between the measurements of the IFRS 8 - 27(b)
reportable segments' profits or losses and the entity's profit or loss before
income tax expense or income and discontinued operations (if not
apparent from the reconciliations described in paragraph 28). Those
differences could include accounting policies and policies for allocation of
centrally incurred costs that are necessary for an understanding of the
reported segment information.
(c) the nature of any differences between the measurements of the IFRS 8 - 27(c)
reportable segments' assets and the entity's assets (if not apparent from
the reconciliations described in paragraph 28). Those differences could
include accounting policies and policies for allocation of jointly used assets
that are necessary for an understanding of the reported segment
information.
(d) the nature of any differences between the measurements of the IFRS 8 - 27(d)
reportable segments' liabilities and the entity's liabilities (if not apparent
from the reconciliations described in paragraph 28). Those differences
could include accounting policies and policies
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for allocation of jointly utilised liabilities that are necessary for an

understanding of the reported segment information.
(e) the nature of any changes from prior periods in the measurement IFRS 8 - 27(e)
methods used to determine reported segment profit or loss and the effect,
if any, of those changes on the measure of segment profit or loss.
(f) the nature and effect of any asymmetrical allocations to reportable IFRS 8 - 27(f)
segments. For example, an entity might allocate depreciation expense to a
segment without allocating the related depreciable assets to that segment.
11 Reconciliations IFRS 8 - 21
Give reconciliations of amounts in the statement of financial position
(balance sheet) for reportable segments to the amounts in the entity's
statement of financial position (balance sheet) amounts for each date
where a statement of financial position (balance sheet) is presented.
12 Reconciliations
An entity shall provide reconciliations of all of the following :
Note: All material reconciling items shall be separately identified and
described .
(a) the total of the reportable segments' revenues to the entity's revenue. IFRS 8 - 28(a)
(b) the total of the reportable segments' measures of profit or loss to the IFRS 8 - 28(b)
entity's profit or loss before tax expense (tax income) and discontinued
operations.
However, if an entity allocates to reportable segments items such as tax
expense (tax income), the entity may reconcile the total of the segments'
measures of profit or loss to the entity's profit or loss after those items.
(c) the total of the reportable segments' assets to the entity's assets. IFRS 8 - 28(c)
(d) the total of the reportable segments' liabilities to the entity's liabilities if IFRS 8 - 28(d)
segment liabilities are reported in accordance with paragraph 23 of IFRS
8.
(e) the total of the reportable segments' amounts for every other material IFRS 8 - 28(e)
item of information disclosed to the corresponding amount for the entity.
13 Restatement of previously reported information If an entity changes the IFRS 8 - 29
structure of its internal
organisation in a manner that causes the composition of its reportable
segments to change, the corresponding information for earlier periods,
including interim periods, shall be restated unless the information is not
available and the cost to develop it would be excessive.
The determination of whether the information is not available and the cost
to develop it would be excessive
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shall be made for each individual item of disclosure. Following a change in

the composition of its reportable segments, an entity shall disclose whether
it has restated the corresponding items of segment information for earlier
periods.
14 Restatement of previously reported information IFRS 8 - 30

If an entity has changed the structure of its internal organisation in a
manner that causes the composition of its reportable segments to change
and if segment information for earlier periods, including interim periods, is
not restated to reflect the change, the entity shall disclose in the year in
which the change occurs segment information for the current period on
both the old basis and the new basis of segmentation, unless the
necessary information is not available and the cost to develop it would be
excessive.
15 Entity-wide disclosures - Information about products and services IFRS 8 - 32

An entity shall report the revenues from external customers for each
product and service, or each group of similar products and services, unless
the necessary information is not available and the cost to develop it would
be excessive, in which case that fact shall be disclosed.
Note: The amounts of revenues reported shall be based on the financial
information used to produce the entity's financial statements.
16 Entity-wide disclosures - Information about geographical areas

An entity shall report the following geographical information, unless the
excessive: Note: The amounts reported shall be based on the financial
information that is used to produce the entity's financial statements. If the
excessive, that fact shall be disclosed. An entity may provide, in addition to
the information required by this paragraph, subtotals of geographical
information about groups of countries.
17 (a) revenues from external customers split between those attributable to IFRS 8 - 33(a)
the entity's country of domicile and all foreign countries in total from which
the entity derives revenues. If revenues from external customers attributed
to an individual foreign country are material, those revenues shall be
disclosed separately. An entity shall disclose the basis for attributing
revenues from external customers to individual countries.
(b) non-current assets other than financial instruments, deferred tax IFRS 8 - 33(b)
assets, post-employment benefit assets, and rights arising under insurance
contracts (i) located in the entity's country of domicile and (ii) located in all
foreign
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countries in total in which the entity holds assets. If assets in an individual

foreign country are material, those assets shall be disclosed separately.
18 Entity-wide disclosures - Information about major customers IFRS 8 - 34

An entity shall provide information about the extent of its reliance on its
major customers. If revenues from transactions with a single external
customer amount to 10 per cent or more of an entity's revenues, the entity
shall disclose that fact, the total amount of revenues from each such
customer, and the identity of the segment or segments reporting the
revenues.
Note: The entity need not disclose the identity of a major customer or the
amount of revenues that each segment reports from that customer.
For the purposes of this IFRS, a group of entities known to a reporting
entity to be under common control shall be considered a single customer,
and a government (national, state, provincial, territorial, local or foreign)
and entities known to the reporting entity to be under the control of that
government shall be considered a single customer.
19 Entity-wide disclosures - Information about major customers IFRS 8 - (34)

An entity shall provide information about the extent of its reliance on its
major customers. If revenues from transactions with a single external
customer amount to 10 per cent or more of an entity's revenues, the entity
shall disclose that fact, the total amount of revenues from each such
customer, and the identity of the segment or segments reporting the
revenues.
Note: The entity need not disclose the identity of a major customer or the
amount of revenues that each segment reports from that customer.
For the purposes of this IFRS, a group of entities known to a reporting
entity to be under common control shall be considered a single customer.
Judgement is required to assess whether a government (including
government agencies and similar bodies whether local, national or
international) and entities known to the reporting entity to be under the
control of the government are considered a single customer. In assessing
this, the reporting entity shall consider the extent of economic integration
between those entities.
20 Operating Segments - Consolidated and separate financial statements IFRS 8 - 4
If a financial report contains both the consolidated financial statements of a
parent that is within the scope of
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IFRS 8 as well as the parent's separate financial statements, segmental

information is required only in the consolidated financial statements.
21 Impairment losses arising in operating segments IAS 36 - 129(a)

An entity that reports segment information in accordance with IFRS 8 shall
disclose for each reportable segment the amount of impairment losses
recognised in profit or loss and directly in equity during the period.
22 Reversal of impairment losses in operating segments IAS 36 - 129(a)

An entity that reports segment information in accordance with IFRS 8 shall
disclose for each reportable segment the amount of reversals of
impairment losses recognised in profit or loss and directly in equity during
the period.
B7 Regulatory deferral accounts
1 Regulatory deferral account balances - policies Disclose the basis on

which regulatory deferral account balances are:
(i) recognised and derecognised;

IFRS 14 - 32
(ii) initially and subsequently measured;
IFRS 14 - 32
(iii) how regulatory deferral account balances are assessed for
recoverability; and IFRS 14 - 32
(iv) how any impairment loss is allocated.

IFRS 14 - 32
2 Early Application of IFRS 14: Regulatory Deferral Balances (Issued
January 2014) IFRS 14 - C1
Disclose that IFRS 14: Regulatory Deferral Balances (Issued January
2014) has been applied early.
3 Movements in regulatory deferral account balances - OCI Present in the
other comprehensive income the net movement in all regulatory deferral IFRS 14 -
account balances for the reporting period that relate to items recognised in (22)
other comprehensive income.
4 Movements in regulatory deferral account balances- OCI Present in the

other comprehensive income the net movement in all regulatory deferral
account balances for the reporting period that relate to items recognised in
other comprehensive income including separate line items for the net
movement related to items that (in accordance with other Standards:
(a) will not be reclassified subsequently to profit or loss; and IFRS 14 - 22

(a)
(b) will be reclassified subsequently to profit or loss when specific IFRS 14 - 22
conditions are met (b)
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5 Movements in regulatory deferral account balances- profit or loss

Present a separate line item in the separate statement of profit or loss for
IFRS 14 - 23
the remaining net movement in all regulatory deferral account balances for
the reporting period (excluding amounts that are not reflected in profit or
loss e.g. amounts acquired).
Note: This separate line item shall be distinguished from the income and
expenses that are presented in accordance with other Standards by the
use of a subtotal, which is drawn before the net movement in regulatory
deferral account balances.
6 Movements in regulatory deferral account balances- profit or loss

Present a separate line item in the profit or loss section of the statement of
IFRS 14 - 23
profit or loss and other comprehensive income for the remaining net
movement in all regulatory deferral account balances for the reporting
period (excluding amounts that are not reflected in profit or loss
e.g. amounts acquired).
Note: This separate line item shall be distinguished from the income and
expenses that are presented in accordance with other Standards by the
use of a subtotal, which is drawn before the net movement in regulatory
deferral account balances.
7 Regulatory deferral account balances - income taxes recognised

Disclose the impact of the rate regulation on the amounts of current and IFRS 14 - 34
deferred tax recognised.
8 Presentation of discontinued operation - regulatory deferral balancesWhen IFRS 14 - 25

an entity presents a discontinued operation (in accordance with IFRS 5
Non-current Assets Held for Sale and Discontinued Operations) the entity
shall present any related regulatory deferral account balances and the net
movement in those balances, as applicable, with the regulatory deferral
account balances and movements in those balances, instead of within the
discontinued operations.
9 Earnings per share - rate regulation

When an entity presents earnings per share (in accordance with IAS 33 IFRS 14 - 26
Earnings per Share) the entity shall present additional basic and diluted
earnings per share, which are calculated using the earnings amounts
required by IAS 33 but excluding the movements in regulatory deferral
account balances.
10 Regulatory deferral account balances - income tax balances

Separately disclose any regulatory deferral account balance that relates to IFRS 14 - 34
taxation and the related movement in that balance.
11 Regulatory deferral account debits and credits
Present separate line items in the statement of financial position for:
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(a) the total of all regulatory deferral account debit balances; and IFRS 14 - 20
(a)
(b) the total of all regulatory deferral account credit balances. IFRS 14 - 20
(b)
(c ) When an entity presents current and non-current assets, and IFRS 14 - 21

current and non-current liabilities, as separate classifications in its
statement of financial position, it shall not classify the totals of
regulatory deferral account balances as current or non-current.
(d) the separate line items required by (a) and (b) shall be distinguished IFRS 14 - 21
from the assets and liabilities that are presented in accordance with
other Standards by the use of sub-totals, which are drawn before the
regulatory deferral account balances are presented.
(ea) Disclose the net movement in regulatory deferral account balances

for each material subsidiary split between:
(i) Amounts recorded in profit or loss

IFRS 14 - B27
IFRS 14 - 35
IFRS 14 - B25 IFRS
14 - B26
(ii) Amounts recorded in other comprehensive income

IFRS 14 - B25 IFRS
14 - B26 IFRS 14 -
B27
IFRS 14 - 35
(ia) Disclose regulatory deferral debit balances separately from other IFRS 14 - B25 IFRS
assets 14 - B26 IFRS 14 -
B27
IFRS 14 - 35
(iia) Disclose regulatory deferral credit balances separately from other IFRS 14 - B25 IFRS
liabilities 14 - B26 IFRS 14 -
B27
IFRS 14 - 35
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(d) the portion of the gain (or loss) that is attributable to derecognising IFRS 14 - 35
regulatory deferral account balances in the former subsidiary at the IFRS 14 - B28
date when control is lost.
(iva) Disclose regulatory deferral debit balances separately from other IFRS 14 - B25
assets IFRS 14 - B26
IFRS 14 - B27
IFRS 14 - 35
(ivb) Disclose regulatory deferral credit balances separately from other IFRS 14 -
liabilities B25IFRS 14 -
B26IFRS 14 -
B27IFRS 14 -
35
(x) Disclose the net movement in regulatory deferral account balances


IFRS 14 - B25
IFRS 14 - B26
IFRS 14 - B27
IFRS 14 - 35

IFRS 14 - B25
IFRS 14 - B26
IFRS 14 - B27
IFRS 14 - 35
(iva) Disclose regulatory deferral debit balances separately from other IFRS 14 - B25
assets IFRS 14 - B26
IFRS 14 - B27
IFRS 14 - 35
(ivb) Disclose regulatory deferral credit balances separately from other IFRS 14 - B27
liabilities IFRS 14 - 35
IFRS 14 - B25
IFRS 14 - B26
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(xiiia) Disclose the net movement in regulatory deferral account balances


IFRS 14 - B25
IFRS 14 - B26
IFRS 14 - B27
IFRS 14 - 35

IFRS 14 - B25
IFRS 14 - B26
IFRS 14 - B27
IFRS 14 - 35
12 Presentation of deferred tax - regulatory deferral balances When an entity

recognises a deferred tax asset or a deferred tax liability as a result of
recognising regulatory deferral account balances present the following
with the related regulatory deferral account balances and movements in
those balances:
Note: this is instead of presenting within the total presented in accordance
with IAS 12 Income Taxes for deferred tax assets (liabilities) and the tax
expense (income)
(a) the resulting deferred tax asset (liability); and

IFRS 14 - 24
(b) the related movement in that deferred tax asset (liability).
IFRS 14 - 24
13 Presentation of disposal group - regulatory deferral balances

When an entity presents a disposal group (in accordance with IFRS 5 IFRS 14 - 25
Non-current Assets Held for Sale and Discontinued Operations) the entity
shall present any related regulatory deferral account balances and the net
movement in those balances, as applicable, with the regulatory deferral
account balances and movements in those balances, instead of within the
disposal groups.
(a) the nature of, and the risks associated with, the rate regulation that IFRS 14 - 29
establishes the price(s) that the entity can charge customers for the goods IFRS 14 - 27
or services it provides ; and (a)
(b) the effects of that rate regulation on its financial position, financial IFRS 14 - 29
performance and cash flows . IFRS 14 - 27
(b)
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(a) a brief description of the nature and extent of the rate- regulated
activity; IFRS 14 - 30
(a)
(b) a brief description of the nature of the regulatory rate- setting IFRS 14 - 30
process; (a)
(c) the identity of the rate regulator(s).
IFRS 14 - 30
(b)
(i) that fact; and
IFRS 14 - 30
(b)
(ii) an explanation of how the entity is related.
IFRS 14 - 30
(b)
(i) demand risk (for example, changes in consumer attitudes, the IFRS 14 - 30
availability of alternative sources of supply or the level of (c)
competition);
(ii) regulatory risk (for example, the submission or approval of a rate- IFRS 14 - 30
setting application or the entity’s assessment of the expected future (c)
regulatory actions); and
(iii) other risks (for example, currency or other market risks). IFRS 14 - 30
(c)
(i) demand risk (for example, changes in consumer attitudes, the IFRS 14 - 30
availability of alternative sources of supply or the level of (c)
competition);
(ii) regulatory risk (for example, the submission or approval of a rate- IFRS 14 - 30
setting application or the entity’s assessment of the expected future (c)
regulatory actions); and
(iii) other risks (for example, currency or other market risks). IFRS 14 - 30
(c)
(a) the amounts that have been recognised in the current period in the IFRS 14 - 33(a)(i)
statement of financial position as regulatory deferral account balances;
(b) the amounts that have been recognised in the statement(s) of profit IFRS 14 -
or loss and other comprehensive income relating to balances that have 33(a)(ii)
been recovered (sometimes described as amortised) or reversed in the
current period; and
(i) impairments;
IFRS 14 -
33(a)(iii)
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(ii) items acquired or assumed in a business combination;

IFRS 14 -
33(a)(iii)
(iii) items disposed of;
IFRS 14 -
33(a)(iii)
(iv) the effects of changes in foreign exchange rates;
IFRS 14 -
33(a)(iii)
(v) the effects of discount rates;
IFRS 14 -
33(a)(iii)
14 Regulatory deferral account balances - rate of return/time value
Disclose the rate of return or discount rate used to reflect the time value of IFRS 14 - 33(b)
money that is applicable to EACH CLASS (each type) of regulatory
deferral account balance.
Note: This could include a zero rate or a range of rates when applicable.
15 Regulatory deferral account debits - periods of recovery Disclose the

remaining periods over which the entity expects to recover (or amortise) IFRS 14 - 33
the carrying amount of each class of regulatory deferral account debit (c)
balance.
16 Regulatory deferral account credits - periods of recovery Disclose the
remaining periods over which the entity expects to reverse each class of IFRS 14 - 33(c)
regulatory deferral account credit balance.
(a) that fact;

IFRS 14 - 36
(b) the reason why it is not recoverable;
IFRS 14 - 36
(c) the amount by which the regulatory deferral account balance has been
reduced. IFRS 14 - 36
(a) that fact; IFRS 14 - 36

(b) the reason why it is not reversible;
IFRS 14 - 36
(c) the amount by which the regulatory deferral account balance has been
reduced. IFRS 14 - 36
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Rate Regulation - insufficient information disclosed IFRS 14 - 28

If the disclosures provided in accordance with questions
13.1 to 13.13 or any other disclosures given intended to comply with
IFRS 14 are insufficient to meet the objective in question 13.1
disclose additional information that is necessary to meet that
objective.
IFRS disclosure checklist 2016 – Section C

Section C
Standards not yet effective
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C1 Revenue from contracts with customers
An entity shall apply this Standard for annual reporting
periods beginning on or after 1 January 2018. Earlier application is permitted.
1. If an entity applies IFRS 15 early, it shall disclose that fact.
1. Judgements in the application of IFRS 15 Revenue from
Contracts with Customers
Disclose the judgements made (*) in applying IFRS 15 Revenue from Contracts with Customers that significantly af
IFRS 15 - 123
Note1: (*) Changes in judgements should also be
disclosed.
Note:2 In particular, explain the judgements, and changes
in the judgements, used in determining both of the following:(a) the timing of satisfaction of performance obligations; and(b) the
2. Assets recognised from the costs to obtain a contract with
a customer
Disclose the judgements made in determining the amount of the costs incurred to obtain a contract with a customer
IFRS 15 -
127(a)
3. Assets recognised from the costs to fulfil a contract with a
customer
Disclose the judgements made in determining the amount of the costs incurred to obtain or fulfil a contract with a cu
IFRS 15 - 127
(a)
(a) As part of the accounting policies for revenue
recognition disclose:
(i) the methods used to recognise revenue; and
IFRS 15 - 124
(a)
Note: For example a description of the output methods or
input methods used and how those methods are applied.
(ii) an explanation of why the methods used provide a
faithful depiction of the transfer of goods or services. IFRS 15 - 124
(iii) for performance obligations satisfied at a point in time,
disclose the significant judgements made in evaluating when a customer obtains control of promised goods or services.
IFRS 15 - 125
(b) Further, disclose information about the methods used
for all of the following: IFRS 15 - 126
###
Y-NM-NA Comments
h Customers that significantly affect the determination of the amount and timing of revenue from contracts with customers.
formance obligations; and(b) the transaction price and the amounts allocated to performance obligations
obtain a contract with a customer
obtain or fulfil a contract with a customer

mised goods or services.
customers.
Sources
(i) determining the transaction price

IFRS 15 - 126
(a)
Note: This includes, but is not limited to, estimating variable consideration, IFRS 15 - 126
adjusting the consideration for the effects of the time value of money and (a)
measuring non- cash consideration
(ii) assessing whether an estimate of variable consideration is constrained; IFRS 15 - 126

(b)
(iii) allocating the transaction price IFRS 15 - 126

(c)IFRS 15 -
126 (b)
Note: This includes estimating stand-alone selling prices of promised goods

or services and allocating discounts and variable consideration to a specific
part of the contract
(iv) measuring obligations for returns, refunds and other similar obligations IFRS 15 - 126
(d)
(c ) for costs incurred in obtaining a contract disclose the method it uses to IFRS 15 - 127
determine the amortisation for each reporting period. (b)
(d) for the costs incurred to fulfil a contract disclose the method it uses to IFRS 15 - 127
determine the amortisation for each reporting period. (b)
4 Revenue - practical expedient - discounting

Disclose that the following practical expedient has been applied. IFRS 15 - 129
IFRS 15 Practical expedient
An entity need not adjust the promised amount of consideration for the
effects of a significant financing component if the entity expects, at contract
inception, that the period between when the entity transfers a promised
good or service to a customer and when the customer pays for that good or
service will be one year or less.
5 Revenue - practical expedient - costs of obtaining contract Disclose that

the following practical expedient has been applied. IFRS 15 - 129
IFRS 15 Practical expedient
An entity may recognise the incremental costs of obtaining a contract as an
expense when incurred if the amortisation period of the asset that the entity
otherwise would have recognised is one year or less.
6 Early Application of IFRS 15: Revenue from Contracts with Customers

(issued May 2014)
Disclose that IFRS 15 Revenue from contracts with customers (issued in
May 2014) has been adopted early.
Early Application of IFRS 15: Revenue from Contracts with Customers
(issued May 2014) IFRS 15 - C1
Disclose that IFRS 15 Revenue from contracts with customers (issued in
May 2014) has been adopted early.
###
Y-NM-NA Comments
199
Sources
7 Revenue - contracts with customers

Has the entity disclose sufficient information to enable users of financial
statements to understand the nature, amount, timing and uncertainty of
revenue and cash flows arising from contracts with customers by way of
disclosing quantitative and qualitative information about:
(a) its contracts with customers

IFRS 15 - 112
IFRS 15 - 111
IFRS 15 - 110
(b) the significant judgements, and changes in the judgements, made in IFRS 15 - 111
applying IFRS 15 Revenue from Contracts with Customers to those IFRS 15 - 110
contracts; and IFRS 15 - 112
(c) any assets recognised from the costs to obtain or fulfil a contract with a IFRS 15 - 112
customer. IFRS 15 - 111
IFRS 15 - 110
8 Revenue - contracts with customers

Disclose (unless amounts are disclosed separately in the statement of
comprehensive):
(a) revenue recognised from contracts with customers, which the entity IFRS 15 - 113(a)
shall disclose separately from its other sources of revenue
(b) revenue recognised from its other sources of revenue

IFRS 15 - 113(a)
(c ) any impairment losses recognised (in accordance with IFRS 9 or IAS IFRS 15 - 113(b)
39) on any receivables arising from an entity’s contracts with customers.
Note: Such impairment losses shall be disclosed separately from

impairment losses from other contracts
(d) any impairment losses recognised (in accordance with IFRS 9 or IAS IFRS 15 - 113(b)
39) on any contract assets arising from an entity’s contracts with
customers, which the entity shall disclose separately from impairment
losses from other contracts.
Note: Such impairment losses shall be disclosed separately from

impairment losses from other contracts
9 Disaggregation of revenue into categories
Disclose a disaggregation of revenue recognised from contracts with IFRS 15 - B89 IFRS
customers into categories that depict how the nature, amount, timing and 15 - B88 IFRS 15 -
uncertainty of revenue and cash flows are affected by economic factors B87 IFRS 15 - 114
Y-NM-NA Comments
Sources
10 Disaggregation of revenue - additional information

In addition to the information required in question 3.15A.2 above has the
entity disclosed sufficient information to enable users of financial IFRS 15 - 115
statements to understand the relationship between the disclosure of
disaggregated revenue (as required by question 3.15A.2 above) and
revenue information that is disclosed for each reportable segment in
accordance with IFRS 8 if the entity Operating Segments?
11 Revenue - contract balances

Disclose (if not otherwise separately presented or disclosed):
(a) the opening and closing balances of the following which have arisen IFRS 15 - 116(a)
from contracts with customers:
(i) receivables
(ii) contract assets

IFRS 15 - 116(a)
(iii) contract liabilities

IFRS 15 - 116(a)
(b) revenue recognised in the reporting period that was included in the IFRS 15 - 116(b)
contract liability balance at the beginning of the period
(c) revenue recognised in the reporting period from performance IFRS 15 - 116(c)
obligations satisfied (or partially satisfied) in previous periods
12 Revenue - relationship between performance and payment

Has the entity provided disclosures which explain how:
(a) the timing of satisfaction of its performance obligations relates to the

typical timing of payment; and IFRS 15 - 117
(b) the effect that those factors have on the contract asset and the contract
liability balances? IFRS 15 - 117
Note: This explanation may use qualitative information
13 Revenue - explanation of changes in contract balances Has the entity

provided disclosures which explain the significant changes in the contract
asset and the contract liability balances during the reporting period
including for example:
(a) changes due to business combinations;

IFRS 15 - 118(a)
(b) cumulative catch-up adjustments to revenue that affect the IFRS 15 - 118(b)
corresponding contract asset or contract liability, including:
###
Y-NM-NA Comments
201
Sources
(i) adjustments arising from a change in the measure of progress; IFRS 15 - 118(b)
(ii) a change in an estimate of the transaction price (including any IFRS 15 - 118(b)
changes in the assessment of whether an estimate of variable
consideration is constrained) or a contract modification;
(iii) a contract modification;

IFRS 15 - 118(b)
(c) impairment of a contract asset;

IFRS 15 - 118(c)
(d) a change in the time frame for a right to consideration to become IFRS 15 - 18(d)
unconditional (ie for a contract asset to be reclassified to a receivable);
and
(e) a change in the time frame for a performance obligation to be satisfied IFRS 15 - 118(e)
(ie for the recognition of revenue arising from a contract liability).
14 Revenue -performance obligations - general information Disclose

information about its performance obligations in contracts with customers,
including a description of all of the following:
(a) when the entity typically satisfies its performance obligations; and IFRS 15 - 119(a)
Note: for example, upon shipment, upon delivery, as services are

rendered or upon completion of service, including when performance
obligations are satisfied in a bill-and-hold arrangement;
(b) the significant payment terms.

IFRS 15 - 119(b)
Note: for example, when payment is typically due, whether the contract
has a significant financing component, due, whether the contract has a
significant financing component, whether the consideration amount is
variable and whether the estimate of variable consideration is typically
constrained in accordance with paragraphs 56–58 of IFRS 15 - See help
text);
(c) the nature of the goods or services that the entity has promised to IFRS 15 - 119(c)
transfer
(d) any performance obligations to arrange for another party to transfer IFRS 15 - 119(c)
goods or services (ie if the entity is acting as an agent);
Y-NM-NA Comments
Sources
(e) obligations for returns, refunds and other similar obligations; and IFRS 15 - 119(d)
(f) types of warranties and related obligations.

IFRS 15 - 119(e)
15 Revenue - transaction price allocated to remaining performance

obligations
For remaining performance obligations disclose the following:
(a) the aggregate amount of the transaction price allocated to the IFRS 15 - 121
performance obligations that are unsatisfied (or partially unsatisfied) as IFRS 15 - 120(a)
of the end of the reporting period;
Note: The entity shall disclose in either of the following ways:(i) on a

quantitative basis using the time bands that would be most appropriate
for the duration of the remaining performance obligations; or(ii) by using
qualitative information.
Note: As a practical expedient the entity is not required to make this

disclosure if the entity has a right to consideration from a customer in
an amount that corresponds directly with the value to the customer of
the entity’s performance completed to date (for example, a service
contract in which an entity bills a fixed amount for each hour of service
provided), the entity may recognise revenue in the amount to which the
entity has a right to invoice.

disclosure in respect of performance obligations which are part of a
contract(s) having an original expected duration of one year or less.
(b) an explanation of when the entity expects to recognise as revenue IFRS 15 - 121
the amounts disclosed in part (a) of this question IFRS 15 - 120(b)
Note: The entity shall disclose in either of the following ways:(i) on a

quantitative basis using the time bands that would be most appropriate
for the duration of the remaining performance obligations; or(ii) by using
qualitative information.
disclosure if the entity has a right to consideration from a customer in
an amount that corresponds directly with the value to the customer of
the entity’s performance completed to date (for example, a service
contract in which an entity bills a fixed amount for each hour of service
provided), the entity may recognise revenue in the amount to which the
entity has a right to invoice.
###
Note: As a practical expedient the entity is not required to
make this disclosure in respect of performance obligations which are part of a contract(s) having an original expected duration o
16. Performance obligations - practical expedients
Where the entity is applying the practical expedient the entity is not required to make disclosures in question 3.15A.
Note: As a practical expedient the entity is not required to
make this disclosure disclosures in question 3.15A.8 above in respect of performance obligations which are part of a contract(s
17. When the above practical expedient(s) is/are applied
disclose:
(a) the fact that the entity is applying the practical
expedient
IFRS 15 - 122
(b) whether any consideration from contracts with
customers is not included in the transaction price and, therefore, not included in the information disclosed as required by part (a
IFRS 15 - 122
18. Transaction price and amounts allocated to performance
obligations
Disclose information about the inputs and assumptions used for all of the following:
(a) determining the transaction price
IFRS 15 - 126
(a)
Note: This includes, but is not limited to, estimating
variable consideration, adjusting the consideration for the effects of the time value of money and measuring non- cash consider
(b) assessing whether an estimate of variable
consideration is constrained; IFRS 15 - 126 (b)
(c) allocating the transaction price
IFRS 15 - 126
(c)
IFRS 15 - 126
(b)
###
Y-NM-NA Comments
ving an original expected duration of one year or less.
make disclosures in question 3.15A.8 above in respect of performance obligations in respect of the if the entity has a right to consideration fr
tions which are part of a contract(s) having an original expected duration of one year or less.
ion disclosed as required by part (a) and (b) of this question .
and measuring non- cash consideration

as a right to consideration from a customer in an amount that corresponds directly with the value to the customer of the entity’s performance
tomer of the entity’s performance completed to date (for example, a service contract in which an entity bills a fixed amount for each hour of
a fixed amount for each hour of service provided), the entity may recognise revenue in the amount to which the entity has a right to invoice
h the entity has a right to invoice.
Sources
Note: This includes estimating stand-alone selling prices of promised

goods or services and allocating discounts and variable consideration to
a specific part of the contract
(d) measuring obligations for returns, refunds and other similar IFRS 15 - 126
obligations (d)
19 Assets recognised from the costs to obtain a contract with a customer

Disclose:
(a) the closing balances of assets recognised from the costs incurred to IFRS 15 - 128(a)
obtain a contract with a customer by main category of asset
(b) the amount of amortisation recognised in the reporting period. IFRS 15 - 128(b)
(c) the amount of any impairment losses recognised in the reporting IFRS 15 - 128(b)
period.
20 Assets recognised from the costs to fulfil a contract with a customer

Disclose:
(a) the closing balances of assets recognised from the costs incurred to IFRS 15 - 128(a)
fulfil a contract with a customer by main category of asset
(b) the amount of amortisation recognised in the reporting period. IFRS 15 - 128(b)
(c) the amount of any impairment losses recognised in the reporting IFRS 15 - 128(b)
period.
21 IFRS 15 for first time - retrospective to each prior reporting period

Disclose:
(a) the expedients that have been used ; and

IFRS 15 - C6(a)
(b) to the extent reasonably possible, a qualitative assessment of the IFRS 15 - C6(b)
estimated effect of applying each of those expedients .
22 IFRS 15 first time - recognising cumulative effect at the date of initial

application
Disclose :
(a) the amount by which each financial statement line item is affected in IFRS 15 - C8(a)
the current reporting period by the application of this Standard as
compared to IAS 11, IAS 18 and related Interpretations that were in
effect before the change; and
###
(b) an explanation of the reasons for significant changes
identified in the above question. IFRS 15 - C8(b)
23. Balances arising from revenue from contract with
customers
Present the contract in the statement of financial position as follows:
(a ) Any unconditional rights to consideration separately
IFRS 15 - 105
IFRS 15 - 108
(b) contract asset
IFRS 15 - 107
IFRS 15 - 105
24. Balances arising from revenue from contract with
customers
Present contract liabilities in the statement of financial position.
Note IFRS 15 uses the term ‘contract liability’ but does not prohibit an entity from using alternative descriptions in th
IFRS 15 - 106
IFRS 15 - 105
25 Clarifications to IFRS 15
Has the entity disclosed that the clarifications to IFRS 15 Revenue from contracts with customers have been adopte
IFRS 15 –
C1B
C2 Financial instruments - new disclosures required by IFRS 9 (2014)
An entity shall apply this Standard for annual reporting
periods beginning on or after 1 January 2018. Earlier application is permitted.
1. If an entity applies IFRS 9 early, it shall disclose that fact.
1. (a) financial assets measured at fair value through other
comprehensive income, showing separately (i) financial assets that are measured at fair value through other compr
IFRS9 (2014)
- IFRS 7 p8h
(b) net gains or net losses on:(i) financial liabilities
measured at fair value through profit or loss for instruments designated as such under IFRS 9 upon initial recognition or subseq
IFRS9 (2014)
2. Credit Risk Management Practices
Disclose information that enables users of financial statements to understand and evaluate:
IFRS9 (2014)
- IFRS7 p35F
###
Y-NM-NA Comments
using alternative descriptions in the statement of financial position for those items. If an entity uses an alternative description for a contract
s with customers have been adopted early?
d at fair value through other comprehensive income and (ii) investments in equity instruments designated as such upon initial recognition.
9 upon initial recognition or subsequently

ve description for a contract liability the entity shall provide sufficient information for a user of the financial statements to distinguish between
ch upon initial recognition.

atements to distinguish between other liabilities and contract liabilities.
Sources
a) how an entity determines whether the credit risk of financial

instruments has increased significantly since initial recognition,
including:
a-i) how the entity determines which financial instruments are

considered to have low credit risk upon initial recognition, and shall
disclose the classes of financial instruments to which this determination
applies; and
a-ii) if and how the presumption, that there have been significant
increases in credit risk since initial recognition when financial assets are
more than 30 days past due, has been rebutted
b) an entity’s definitions of default, including the reasons for selecting

those definitions;
c) how the instruments were grouped if expected credit losses were

measured on a collective basis
d) how an entity determined that financial assets are credit-impaired
financial assets
e) an entity’s write-off policy, including the indicators that there is no
reasonable expectation of recovery and information about the policy for
financial assets that are written-off but are still subject to enforcement
activity
f) how the requirements for the modification of contractual cash flows of

financial assets have been applied, including
f-i) how the entity determines whether the credit risk on a financial
asset that has been modified while the loss allowance was measured at
an amount equal to lifetime expected credit losses, has improved to the
extent that the loss allowance reverts to being measured at an amount
equal to 12-month expected credit losses; and
f-ii) how the entity monitors the extent to which the loss allowance on
financial assets meeting the criteria in (f-i) is subsequently remeasured
at an amount equal to lifetime expected credit losses
3 Credit Risk Management Practices: Impairment An entity shall explain

the inputs, assumptions and IFRS9 (2014)
estimation techniques used to apply the impairment requirements of - IFRS7 p35G
IFRS 9. For this purpose an entity shall disclose:
a) the basis of inputs and assumptions and the estimation techniques

used to: a-i) measure the 12-month and lifetime expected credit losses
a-ii) determine whether the credit risk of financial instruments have

increased significantly since initial recognition
a-iii) determine whether a financial asset is a credit- impaired financial

asset
###
b) how forward-looking information has been incorporated
into the determination of expected credit losses, including the use of macroeconomic information
c) changes in the estimation techniques or significant assumptions made during the reporting period and the reason
4. Expected credit losses: Reconciliations
To explain the changes in the loss allowance and the reasons for those changes, an entity shall provide, by class of
a) the loss allowance measured at an amount equal to 12- month expected credit losses
IFRS9 (2014)
- IFRS7 p35H
b) the loss allowance measured at an amount equal to
lifetime expected credit losses for: b-i) financial instruments for which credit risk has increased significantly since initial recogniti
b-ii) financial assets that are credit-impaired at the
reporting date (but that are not purchased or originated credit-impaired);
b-iii) trade receivables, contract assets or lease
receivables for which the loss allowances are mandatorily measured at an amount equal to the lifetime expected credit losses
c) financial assets that are purchased or originated credit-
impaired. In addition to the reconciliation, an entity shall disclose the total amount of undiscounted expected credit losses at init
5. Expected credit losses: Reconciliation explanation
The entity shall disclose separately for financial instruments that represent the loss allowance for: 1) 12 month expe
IFRS9 (2014)
- IFRS7 p35I
a) changes because of financial instruments originated or
acquired during the reporting period
b) the modification of contractual cash flows on financial
assets that do not result in a derecognition of those financial assets in accordance with IFRS 9;
###
c) changes because of financial instruments that were
derecognised (including those that were written-off) during the reporting period;
d) changes arising from whether the loss allowance is
measured at an amount equal to 12-month or lifetime expected credit losses
6. Expected credit losses: Modifications not resulting in
derecognition
To enable users of financial statements to understand the nature and effect of modifications of contractual cash flow
IFRS9 (2014)
- IFRS7 p35J
a) the amortised cost before the modification and the net
modification gain or loss recognised for financial assets for which the contractual cash flows have been modified during the rep
b) the gross carrying amount at the end of the reporting
period of financial assets that have been modified since initial recognition at a time when the loss allowance was measured at a
7. Expected credit losses: Effects of collateral & other credit
enhancementsAn entity shall disclose by class of financial instrument the following to enable users of financial state
a) the amount that best represents maximum exposure to
credit risk at the end of the reporting period Note: Do not take into account any collateral held or other credit enhancements
b) a narrative description of collateral held as security and
other credit enhancements, including: b-i) a description of the nature and quality of the collateral held
b-ii) of that collateral or credit enhancements as a result of
deterioration or changes in the collateral policies of the entity during the reporting period
b-iii) information about financial instruments for which an
entity has not recognised a loss allowance because of the collateral
c) quantitative information about the collateral held as
security and other credit enhancements for financial assets that are credit-impaired at the reporting date
IFRS9 (2014)
- IFRS7 p35K
###
Y-NM-NA Comments
mic information
he reporting period and the reasons for those changes
an entity shall provide, by class of financial instrument, a reconciliation from the opening balance to the closing balance of the loss allowanc
d significantly since initial recognition but that are not credit- impaired financial assets;
e lifetime expected credit losses
nted expected credit losses at initial recognition on financial assets initially recognised during the reporting period
s allowance for: 1) 12 month expected credit losses; 2) lifetime expected credit losses; 3) financial assets that are purchased of originated c
difications of contractual cash flows on financial assets that have not resulted in derecognition and the effect of such modifications on the m
ave been modified during the reporting period while they had a loss allowance measured at an amount equal to lifetime expected credit los
oss allowance was measured at an amount equal to lifetime expected credit losses and for which the loss allowance has changed during th
g to enable users of financial statements to understand the effect of collateral and other credit enhancements on expected credit losses:
or other credit enhancements

balance of the loss allowance, in a table, showing separately the changes during the period for:
re purchased of originated credit-impaired an explanation of how significant changes in the gross carrying amount of financial instruments d
such modifications on the measurement of expected credit losses, an entity shall disclose:
lifetime expected credit losses;
ance has changed during the reporting period to an amount equal to 12- month expected credit losses
n expected credit losses:

amount of financial instruments during the period contributed to changes in the loss allowance. Examples of changes in the gross carrying a
f changes in the gross carrying amount of financial instruments that contributed to the changes in the loss allowance may include:
llowance may include:
209
Sources
8 Expected credit losses: Outstanding amounts

Disclose the contractual amount outstanding on financial assets that were
IFRS9 (2014)
written off during the reporting period and are still subject to enforcement
- IFRS7 p35L
activity
9 Credit Risk Exposure

Disclose per credit risk rating grade, the gross carrying amount of financial IFRS9 (2014)
assets and the exposure to credit risk on loan commitments and financial - IFRS7 p35M &
guarantee contracts to enable users to assess an entity’s credit risk 35N
exposure and understand its significant credit risk concentrations This
information shall be provided separately for financial instruments:
a) for which the loss allowance is measured at an amount equal to 12-

month expected credit losses
Y-NM-NA Comments
Sources
b-i) for which credit risk has increased significantly since initial recognition but that are not
credit-impaired financial assets and where the loss allowance is measured at an amount equal
to lifetime expected credit losses
b-ii) that are credit-impaired at the reporting date (but that are not purchased or originated
credit-impaired) and where the loss allowance is measured at an amount equal to lifetime
expected credit losses
b-iii) trade receivables, contract assets or lease receivables for which the loss allowances is
required to be measured at an amount equal to lifetime expected credit losses Note:
information disclosed may be based on a provision matrix
c) that are purchased or originated credit-impaired financial assets
10 Credit RiskFor those financial instruments within the scope of IFRS

7 but outside the scope of the IFRS 9 impairment requirements
disclose by class of financial instrument:
(a) the amount that best represents its maximum exposure to credit risk at the reporting date
without taking account of any collateral held or other credit enhancements (e.g. netting
agreements that do not qualify for offset in accordance with IAS 32); Note: This disclosure is
not required for financial instruments whose carrying amount best represents the maximum
exposure to credit risk
(b) a description of collateral held as security
(c) the financial effect of collateral held as security (eg a

quantification of the extent to which collateral mitigates credit risk)
in respect of the amount that best represents the maximum
exposure to credit risk (whether the maximum exposure to credit
risk is separately disclosed or is represented by the carrying
amount of a financial instrument);
(d) a description of other credit enhancements;
(e)the financial effect of other credit enhancements (eg a quantification of the extent to which
other credit enhancements mitigate credit risk) in respect of the amount that best represents
the maximum exposure to credit risk (whether the maximum exposure to credit risk is
separately disclosed or is represented by the carrying amount of a financial instrument);
(a) the original measurement category and carrying amount IFRS9 (2014)
determined in accordance with IAS 39 or a previous version of IFRS - IFRS 7 p42I(a)
9
###
NOTE: The entity’s chosen approach to applying IFRS 9
involves more than one date of initial application. Therefore there will be disclosure on more than one date of initial application.
IFRS9 (2014)
- IFRS 7 p42I
NOTE: The entity’s chosen approach to applying IFRS 9
involves more than one date of initial application. Therefore there will be disclosure on more than one date of initial application.
IFRS9 (2014)
- IFRS7 p42J
11. First application of IFRS 9 - qualitative disclosures
At the date of initial application of IFRS 9 an entity shall disclose the changes in the classifications of financial asse
IFRS9 (2014)
- IFRS7 p42L
Note: If an entity treats the fair value of a financial asset or
a financial liability as its amortised cost at the date of initial application (see paragraph 8.2.10 of IFRS 9 (2009)
and paragraph 7.2.10 of IFRS 9 (2010)), the disclosures in (c) and (d) of this paragraph shall be made for each reporting period
IFRS9 (2014)
- IFRS7 p42M
12. First application of IFRS 9 - qualitative disclosuresIn the
reporting period in which IFRS 9 is initially applied, an entity shall disclose the following for financial assets and fina
IFRS9 (2014)
- IFRS7 p42N
a) the effective interest rate determined on the date of
reclassification; and IFRS9 (2014)
42N(a)
b) the interest income or expense recognised.
IFRS9 (2014)
- IFRS7 p42N(b)
NOTE: If an entity treats the fair value of a financial asset
or a financial liability as the new gross carrying amount at the date of initial application (see paragraph 7.2.11 of IFRS 9), the dis
IFRS9 (2014)
- IFRS7 p42N
###
13. Exemption on initial application of IFRS 9 (2014)
Disclose information that permits the reconciliation of the ending impairment allowances in accordance with IAS 39
IFRS9 (2014)
- IFRS7 42P
14. Exemption on initial application of IFRS 9 (2014)
An entity is not required to disclose the line item amounts that would have been reported in accordance with the cla
IFRS9 (2014)
- IFRS7 p42Q
a) IFRS 9 for prior periods; and
IFRS9 (2014)
- IFRS7 p42Q(a)
b) IAS 39 for the current period
IFRS9 (2014)
- IFRS7 p42Q(b)
15. Exemption: Impractical assessment on initial application
of IFRS 9 (2014)
If it is impracticable (as defined in IAS 8) to assess:
a) a modified time value of money element based on the
facts and circumstances that existed at the initial recognition of the financial asset then disclose the carrying amount at the repo
b) whether the fair value of a prepayment feature was
insignificant based on the facts and circumstances that existed at the initial recognition of the financial asset then disclose the c
IFRS9 (2014)
- IFRS7 p42R
IFRS9 (2014)
- IFRS7 p42R
IFRS9 (2014)
- IFRS7 p42S
16. Categories of Financial Assets (IFRS 9)
The carrying amounts of each of the following categories of financial asset shall be disclosed either on the face of th
(a) financial assets at fair value through profit or loss as
mandatorily required by IFRS 9.
IFRS 7 -
(8)(a)
###
Y-NM-NA Comments
han one date of initial application. An entity shall present these quantitative disclosures in a table unless another format is more appropriate
han one date of initial application. An entity shall present these quantitative disclosures in a table unless another format is more appropriate
he classifications of financial assets and financial liabilities, showing separately:
of IFRS 9 (2009)
be made for each reporting period following reclassification until derecognition. Otherwise, the disclosures in this paragraph need not be ma
owing for financial assets and financial liabilities that have been reclassified so that they are measured at amortised cost as a result of the tr
aragraph 7.2.11 of IFRS 9), the disclosures in this paragraph shall be made for each reporting period until derecognition. Otherwise, the disc
ances in accordance with IAS 39 and the provisions in accordance with IAS 37 to the opening loss allowances determined in accordance w
eported in accordance with the classification and measurement requirements of:

se the carrying amount at the reporting date of the financial assets whose contractual cash flow characteristics have been assessed based
financial asset then disclose the carrying amount at the reporting date of the financial assets whose contractual cash flow characteristics ha
e disclosed either on the face of the balance sheet or in the notes:

r format is more appropriate.
r format is more appropriate.
s paragraph need not be made after the reporting period containing the date of initial application.
sed cost as a result of the transition to IFRS 9:
ognition. Otherwise, the disclosures in this paragraph need not be made after the annual reporting period in which the entity initially applies
determined in accordance with IFRS 9.For financial assets, this disclosure shall be provided by the related financial assets’ measurement c
have been assessed based on the facts and circumstances that existed at the initial recognition of the financial asset without taking into acc
cash flow characteristics have been assessed based on the facts and circumstances that existed at the initial recognition of the financial as
n which the entity initially applies the classification and measurement requirements for financial assets in IFRS 9.
financial assets’ measurement categories in accordance with IAS 39 and IFRS 9, and shall show separately the effect of the changes in the
cial asset without taking into account the requirements related to the modification of the time value of money element until those financial a
tial recognition of the financial asset without taking into account the exception for prepayment features until those financial assets are derec
y the effect of the changes in the measurement category on the loss allowance at that date.
ey element until those financial assets are derecognised.
those financial assets are derecognised.

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(b) financial assets at fair value through profit as designated at initial IFRS 7 - (8)(a)
recognition under IFRS 9.
(c) financial assets at amortised cost. IFRS 7 - IFRS 7

(8)(f)
(d) financial assets measured at fair value through other comprehensive IFRS 7 - IFRS 7
income. (8)(h)
17 Categories of Financial Liability (IFRS 9)

The carrying amounts of each of the following categories of financial
liability shall be disclosed either on the face of the balance sheet or in the
notes:
(a) Financial liabilities measured at fair value through profit that meet the IFRS 7 - (8)(e)
definition of held for trading under IFRS 9.
(b) Financial liabilities measured at fair value through profit or loss as IFRS 7 - (8)(e)
designated at initial recognition under IFRS 9
(c) Financial liabilities measured at amortised cost. IFRS 7 - (8)(g)
18 Financial assets at fair value through profit or loss (IFRS 9)

Where the entity has designated as measured a financial asset (or group
of financial assets) that would otherwise be measured at amortised cost
disclose:
(a) the maximum exposure to credit risk of the financial asset (or group of IFRS 7 - (9)(a)
financial assets) at the end of the reporting period.
(b) the amount by which any related credit derivatives or similar IFRS 7 - (9)(b)
instruments mitigate that maximum exposure to credit risk.
(c) the amount of change, during the period and cumulatively, in the fair IFRS 7 - IFRS 7
value of the financial asset (or group of financial assets) that is (9)(c)(i)
attributable to changes in the credit risk of the financial asset determined
either:(i) as the amount of change in its fair value that is attributable to
changes in market conditions that give rise to market risk; or
(ii) using an alternative method the entity believes more faithfully IFRS 7 - (9)(c)(ii)
represents the amount of change in its fair value that is attributable to
changes in the credit risk of the asset.
(d) the amount of the change in the fair value of any related credit IFRS 7 - (9)(d)
derivatives or similar instruments that has occurred during the period and
cumulatively since the loan or receivable was designated.
19 Financial liabilities at fair value through profit or loss (IFRS 9)
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or loss and is required to present the effects of changes in that liability's
credit risk in other comprehensive income it shall disclose:
(a) the amount of change, cumulatively, in the fair value of the financial IFRS 7 - (10)(a)
liability that is attributable to changes in the credit risk of that liability .
(b) the difference between the financial liability's carrying amount and the IFRS 7 - (10)(b)
amount that the entity would be contractually required to repay at maturity
to the holder of the obligation.
(c) any transfers of the cumulative gain or loss within equity during the IFRS 7 - (10)(c)
period including the reason for such transfers.
(d) if a liability is derecognised during the period, the amount (if any) IFRS 7 - (10)(d)
presented in other comprehensive income that was realised at
derecognition.
or loss and is required to present the effects of changes in that liability's
credit risk in profit or loss disclose:
(a) the amount of change, during the period, and cumulatively, in the fair IFRS 7 - 10A
value of the financial liability that is attributable to changes in the credit (a)
risk of that liability .
(b) the difference between the financial liability's carrying amount and the IFRS 7 - 10A
amount that the entity would be contractually required to repay at maturity (b)
to the holder of the obligation.
(c) a detailed description of the methods used to comply with the IFRS 7 - 11
requirements of parts (a) and (b) above. (a)
(d) an explanation of why the above method is appropriate. IFRS 7 - 11

(a)
(e) if the entity believes that the disclosure it has given, either in the IFRS 7 - 11
statement of financial position or in the notes, to comply with the (b)
requirements in parts (a) and (b) above does not faithfully represent the
change in the fair value of the financial asset or financial liability
attributable to changes in its credit risk, the reasons for reaching this
conclusion and the factors it believes are relevant.

The entity shall also disclose:
(a) a detailed description of the methods used to comply with the IFRS 7 - IFRS 7 (11)
requirements in paragraphs 9(c) of IFRS 7 (see question 4.15.32A(c) (a)
above) , 10(a) of IFRS 7 (see question 4.15.33A(a) above) and 10A(a) of
IFRS 7 (see
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question 4.15.33B(a) above) and paragraph 5.7.7(a) of IFRS 9 , including

an explanation of why the method is appropriate.
(b) if the entity believes that the disclosure it has given, either in the IFRS 7 - IFRS 7 (11)
statement of financial position or in the notes, to comply with the (b)
requirements in paragraph 9(c) of IFRS 7 (see question 4.15.32A(c)),
10(a) of IFRS 7 (see question 4.15.33A(a) above) or 10A(a) of IFRS 7
(see question 4.15.33B(a) above) or paragraph 5.7.7(a) of IFRS 9 does
not faithfully represent the change in the fair value of the financial asset or
financial liability attributable to changes in its credit risk, the reasons for
reaching this conclusion and the factors it believes are relevant.
(c) a detailed description of the methodology or methodologies used to IFRS 7 - IFRS 7 (11)
determine whether presenting the effects of changes in a liability’s credit (c)
risk in other comprehensive income would create or enlarge an
accounting mismatch in profit or loss (see paragraphs
5.7.7 and 5.7.8 of IFRS 9 .
(d) If an entity is required to present the effects of changes in a liability’s IFRS 7 - IFRS 7 (11)
credit risk in profit or loss (see paragraph 5.7.8 of IFRS 9), the disclosure (c)
must include a detailed description of the economic relationship
(described in paragraph B5.7.6 of IFRS 9 .
22 Financial assets at fair value through other comprehensive income (IFRS

9)
If an entity has designated investments in equity instruments to be
measured at fair value through other comprehensive income, as permitted
by paragraph 5.7.5 of IFRS 9, it shall disclose:
(a) which investments in equity instruments have been designated to be IFRS 7 - (11A)(a)
measured at fair value through other comprehensive income.
(b) the reasons for using this presentation alternative. IFRS 7 - (11A)(b)
(c) the fair value of each such investment at the end of the reporting IFRS 7 - (11A)(c)
period.
(d) dividends recognised during the period, showing separately those IFRS 7 - (11A)(d)
related to investments derecognised during the reporting period and those
related to investments held at the end of the reporting period.
(e) any transfers of the cumulative gain or loss within equity during the IFRS 7 - (11A)(e)
period including the reason for such transfers.
23 Financial assets at fair value through other comprehensive income (IFRS
9) -derecognition If an entity derecognised investments in equity
instruments measured at fair value through other
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comprehensive income during the reporting period, it shall disclose:
(a) the reasons for disposing of the investments. IFRS 7 - (11A)(a)
(b) the fair value of the investments at the date of derecognition. IFRS 7 - (11A)(b)
(c) the cumulative gain or loss on disposal. IFRS 7 - (11A)(c)
24 Reclassification of financial assets (IFRS 9)

An entity shall disclose if, in the current or previous reporting periods, it
has reclassified any financial assets in accordance with paragraph 4.4.1
of IFRS 9. For each such event, an entity shall disclose:
(a) the date of reclassification. IFRS 7 - (12B)(a)
(b) a detailed explanation of the change in business model and a IFRS 7 - (12B)(b)
qualitative description of its effect on the entity’s financial statements.
(c) the amount reclassified into and out of each category. IFRS 7 - (12B)(c)
25 Reclassification of financial assets to amortised cost (IFRS 9)

For each reporting period following reclassification until derecognition, an
entity shall disclose for assets reclassified so that they are measured at
amortised cost (in accordance with paragraph 4.4.1 of IFRS 9):
(a) the effective interest rate determined on the date of reclassification; IFRS 7 - (12C)(a)
and
(b) the interest income or expense recognised. IFRS 7 - (12C)(b)
26 Reclassified financial assets to amortised cost - since last annual

reporting date (IFRS 9)
If an entity has reclassified financial assets so that they are measured at
amortised cost since its last annual reporting date, it shall disclose:
(a) the fair value of the financial assets at the end of the reporting period; IFRS 7 - (12D)(a)
and
(b) the fair value gain or loss that would have been recognised in profit or IFRS 7 - (12D)(b)
loss during the reporting period if the financial assets had not been
reclassified.
27 Financial assets pledged as collateral for liabilities or contingent liabilities
(IFRS 9)
Disclose:
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(a) the carrying amount of financial assets it has pledged as collateral for IFRS 7 - (14)(a)
liabilities or contingent liabilities, including amounts that have been
reclassified in accordance with paragraph 3.3.23(a) of IFRS 9; and
(b) the terms and conditions relating to its pledge. IFRS 7 - (14)(b)
28 Items of income, expense, gain or losses - IFRS 9 Financial Assets

(a) net gains or net losses on:(i) financial assets measured at fair value IFRS 7 - (20)(a)(i)
through profit or loss for instruments designated as such under IFRS 9
upon initial recognition.
(a) net gains or net losses on:(i) financial assets measured at fair value
upon initial recognition or subsequently in accordance with p6.7.1 of IFRS
9
(ii) financial assets measured at fair value through profit or loss for IFRS 7 - (20)(a)(i)
financial instruments mandatorily measured at fair value in accordance
with IFRS 9.
(iii) financial assets measured at amortised cost. IFRS 7 - (20)(a)(iv)
(iv) financial assets measured at fair value through other comprehensive IFRS 7 -
income. (20)(a)(vii)
(iv) financial assets measured at fair value through other comprehensive

income as elected upon initial recognition
(iiv) financial assets measured at fair value through other comprehensive

income as mandated by IFRS 9, showing separately a) the amount of
gain or loss recognised in other comprehensive income during the period;
and b) the amount reclassified upon derecognition from accumulated
other comprehensive income to profit or loss for the period
effective interest method) for financial assets that are measured at
amortised.
the effective interest rate) arising from:(i) financial assets measured at
amortised cost.
(ii) trust and other fiduciary activities that result in the holding or investing IFRS 7 - (20)(c)(ii)
of assets on behalf of individuals, trusts, retirement benefit plans, and
other institutions.
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(d) interest income on impaired financial assets accrued in IFRS 7 - (20)(d)

accordance with paragraph AG93 of IAS 39.
(e) the amount of any impairment loss for each class of financial IFRS 7 - (20)(e)
asset.
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29 Items of income, expense, gain or losses - IFRS 9 Financial Liabilities

(a) net gains or net losses on:(i) financial liabilities measured at fair value IFRS 7 - (20)(a)(i)
upon initial recognition.
(ii) In respect of the above show separately the amount of gain or loss IFRS 7 - (20)(a)(i)
recognised in other comprehensive income and the amount recognised in
profit or loss.
(iii) financial liabilities measured at fair value through profit or loss for IFRS 7 - (20)(a)(i)
financial instruments mandatorily measured at fair value in accordance
with IFRS 9 (eg financial liabilities that meet the definition of held for
trading in IFRS 9).
(iv) financial liabilities measured at amortised cost. IFRS 7 -

(a)(v)
effective interest method) for financial liabilities not at fair value through
profit or loss.
the effective interest rate) arising from financial liabilities that are not at
fair value through profit or loss.
30 First application of IFRS 9 - quantitative disclosures When an entity first

applies IFRS 9, it shall disclose for each class of financial assets at the
date of initial application:
Note: An entity shall present these quantitative disclosures in tabular
format unless another format is more appropriate.
(a) the original measurement category and carrying amount determined in IFRS 7 - (44I)(a)
accordance with IAS 39.
(b) the new measurement category and carrying amount determined in IFRS 7 - (44I)(a)
accordance with IFRS 9.
(c) the amount of any financial assets in the statement of financial position IFRS 7 - (44I)(a)
that were previously designated as measured at fair value through profit
or loss but are no longer so designated, distinguishing between those that
IFRS 9 requires an entity to reclassify and those that an entity elects to
reclassify.
31 First application of IFRS 9 - quantitative disclosures When an entity first
applies IFRS 9, it shall disclose for
each class of financial assets and financial liabilities at the date of initial
application: Note: An entity shall present these quantitative disclosures in
tabular format unless another format is more appropriate.
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(a) the original measurement category and carrying amount determined in IFRS 7 - 44I
accordance with IAS 39. (a)
IFRS9 (2014)
- IFRS 7 p42I(a)
(b) the new measurement category and carrying amount determined in IFRS 7 - 44I
accordance with IFRS 9. (b)
IFRS9 (2014)
- IFRS7 p42I(b)
(c) the amount of any financial assets in the statement of financial position IFRS 7 - 44I
that were previously designated as measured at fair value through profit or (c)
loss but are no longer so designated, distinguishing between those that IFRS9 (2014)
IFRS 9 requires an entity to reclassify and those that an entity elects to - IFRS7 p42I(c)
reclassify.
32 First application of IFRS 9 - qualitative disclosures When an entity first IFRS 7 - (44J)(a)
applies IFRS 9, it shall disclose qualitative information to enable users to IFRS9 (2014)
understand: - IFRS 7 p42J(a)
(a) how it applied the classification requirements in IFRS 9 to those IFRS 7 - (44J)(a)
financial assets whose classification has changed as a result of applying IFRS9 (2014)
IFRS 9. - IFRS 7 p42J(a)
(b) the reasons for any designation or de-designation of financial assets or IFRS 7 - (44J)(b)
financial liabilities as measured at fair value through profit or loss. IFRS9 (2014)
- IFRS7 p42J(b)
(a) the changes in the carrying amounts on the basis of their IFRS 7 - 44T(a)
measurement categories in accordance with IAS 39 (ie not resulting from IFRS9 (2014)
a change in the measurement attribute on transition to IFRS 9) - IFRS7 p42L(a)
(b) the changes in the carrying amounts arising from a change in IFRS 7 - 44T(b)
measurement attribute on transition to IFRS 9. IFRS9 (2014)
- IFRS7 p42L(b)
Note: The disclosures in this paragraph need not be made after the annual IFRS9 (2014)
period in which IFRS 9 is initially applied. - IFRS7 p42L
33 First application of IFRS 9 - qualitative disclosures IFRS 7 - 44U
In the reporting period in which IFRS 9 is initially applied, an entity shall (a)
disclose the following for financial assets and financial liabilities that have IFRS9 (2014)
been reclassified so that
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they are measured at amortised cost as a result of the transition to IFRS - IFRS7 p42M(a)
9:
(a) the fair value of the financial assets or financial liabilities at the end of IFRS 7 - 44U
the reporting period; (a)
IFRS9 (2014)
- IFRS7 p42M(a)
(b) the fair value gain or loss that would have been recognised in profit or IFRS 7 - 44U
loss or other comprehensive income during the reporting period if the (b)
financial assets or financial liabilities had not been reclassified; IFRS9 (2014)
- IFRS7 p42M(b)
(c) the effective interest rate determined on the date of reclassification; IFRS 7 - 44U
and (c)
(d) the interest income or expense recognised. IFRS 7 - 44U

(d)
34 First application of IFRS 9 - qualitative disclosures IFRS7

If an entity presents the disclosures set out in paragraphs 44S–44U at the
date of initial application of IFRS 9, those disclosures, and the disclosures
in paragraph 28 of IAS 8 during the reporting period containing the date
of initial application, must permit reconciliation between:
(a) the measurement categories in accordance with IAS 39 and IFRS 9; IFRS 7 - 44V(a)
and
(b) the line items presented in the statements of financial position. IFRS 7 - 44V(b)
35 First application of IFRS 9 - qualitative disclosures

If an entity presents the disclosures set out in paragraphs 42K-42N
(previously 44S–44U) at the date of initial application of IFRS 9, those
disclosures, and the disclosures in paragraph 25 of this IFRS at the date
of initial application, must permit reconciliation between:
(a) of the measurement categories presented in accordance with IAS 39 IFRS 7 - 44W(a)
and IFRS 9; and
(b) the class of financial instrument at the date of initial application. IFRS 7 - 44W(b)
36 Exception to fair value measurement under IFRS 9 Where an entity that IFRS 13 -
holds a group of financial assets and financial liabilities is exposed to (96)
market risks (as defined in IFRS 7) and to the credit risk (as defined in
IFRS 7) of each of the counterparties. If the entity manages that group of
financial assets and financial liabilities on the basis of its net exposure to
either market risks or credit risk, the entity is permitted to apply an
exception to this IFRS for measuring fair value. If an entity makes an
accounting policy decision to use the exception it shall disclose that fact.
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Note: That exception permits an entity to measure the fair value of a

group of financial assets and financial liabilities on the basis of the price
that would be received to sell a net long position (ie an asset) for a
particular risk exposure or to transfer a net short position (ie a liability) for
a particular risk exposure in an orderly transaction between market
participants at the measurement date under current market conditions.
Accordingly, an entity shall measure the fair value of the group of financial
assets and financial liabilities consistently with how market participants
would price the net risk exposure at the measurement date.
37 Exemption from requirement to restate comparative information for IFRS

9 - Previous GAAP
An entity that chooses to present comparative information that does not
comply with IFRS 7 and IFRS 9 in its first year of transition shall apply the
recognition and measurement requirements of its previous GAAP in place
of the requirements of IFRS 9 to comparative information about items
within the scope of IFRS 9 and:
(a) disclose the above fact IFRS 1 (2008)

- E2(b)
(b) disclose the basis used to prepare the information IFRS 1 (2008)
- E2(b)
38 Exemption from requirement to restate comparative information for IFRS

9 - Previous GAAP
within the scope of IFRS 9 and treat any adjustment between the
statement of financial position at the comparative period’s reporting date
(ie the statement of financial position that includes comparative
information under previous GAAP) and the statement of financial position
at the start of the first IFRS reporting period (ie the first period that
includes information that complies with IFRS 7 and IFRS 9) as arising
from a change in accounting policy and discloses:
(a) the title of the IFRS (i.e IFRS 9 and IFRS 7) IFRS 1 (2008)
- E2(c)
(b) when applicable, that the change in accounting policy is made in IFRS 1 (2008)
accordance with its transitional provisions; - E2(c)
(c) the nature of the change in accounting policy; IFRS 1 (2008)

- E2(c)
(d) when applicable, a description of the transitional provisions; IFRS 1 (2008)

- E2(c)
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(e) when applicable, the transitional provisions that might have an effect IFRS 1 (2008)
on future periods; - E2(c)
(f) for the current period and each prior period presented, to the extent IFRS 1 (2008)
practicable, the amount of the adjustment for each financial statement line - E2(c)
item affected in the statement of financial position (balance sheet).
39 Exemption from requirement to restate comparative information for IFRS IFRS 1 (2008)
9 - Previous GAAP - E2(d)
within the scope of IFRS 9 and provide additional disclosures when
compliance with the specific requirements in IFRSs is insufficient to
enable users to understand the impact of particular transactions, other
events and conditions on the entity’s financial position and financial
performance.
40 Hedge reconciliations
For each risk category an entity shall provide a reconciliation of each
component of equity and an analysis of other comprehensive income in
accordance with IAS 1 that, taken together differentiate between:
a) at a minimum: a-i) the amount that relate to the disclosures of the

hedging gains or losses of the reporting period that were recognised in
other comprehensive income and the disclosures of the hedging gains or
losses relating to hedges of net position that were recognised in a
separate line item in the statement of comprehensive income a-ii) the
amounts that were transferred from cash flow hedge reserve to the
carrying amount of an asset or liability as a result of a hedged forecast
transaction subsequently resulting in the recognition of a non-financial
asset or non-financial liability, or a hedged forecast transaction for a non-
financial asset or a non-financial liability becoming a firm commitment for
which fair value hedge accounting is applied a-iii) any amounts that have
been reclassified from a cash flow hedge reserve into profit or loss as a
reclassification adjustment a due to the entity expecting that the loss will
not be recovered in one or more future periods.
b) the amounts associated with the time value of options that hedge
transaction related hedged items and the amounts associated with the
time value of options that hedge time-period related hedged items when
an entity accounts for the time value of an option; and
c) the amounts associated with forward elements of forward contracts and
the foreign currency basis spreads of financial instruments that hedge
transaction related hedged items, and the amounts associated with
forward
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elements of forward contracts and the foreign currency basis spreads of financial instruments
that hedge time- period related hedged items when an entity accounts for those amounts in
accordance with paragraph 6.5.16 of IFRS 9
41 Hedging: Credit Derivatives

For credit derivatives that have been used to manage the credit risk of financial instruments
designated as measured at fair value through profit or loss, the entity shall disclose:
a) a reconciliation of the nominal amount and the fair value at the beginning and at the end of
the period
b) the gain or loss recognised in profit or loss on designation of a financial instrument, or a
proportion of it, as measured at fair value through profit or loss
c) on discontinuation, that financial instrument’s fair value that has become the new carrying
amount in accordance with paragraph 6.7.4(b) of IFRS 9 and the related nominal or principal
amount
42 Financial instruments with no active market

If the market for a financial instrument is not active, an entity establishes its fair value using a
valuation technique. Nevertheless, the best evidence of fair value at initial recognition is the
transaction price (ie the fair value of the consideration given or received), unless the conditions
described in paragraph B5.4.8 of IFRS 9 (IFRS 13 B4 are met. It follows that there could be a
difference between the fair value at initial recognition and the amount that would be determined
at that date using the valuation technique.
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43 If such a difference exists, an entity shall disclose, by class of financial

instrument:
(a) its accounting policy for recognising that difference in profit or loss to IFRS 7 - (28)(a)
reflect a change in factors (including time) that market participants would
consider in setting a price (see paragraph B5.4.9 of IFRS 9); and
beginning and end of the period and a reconciliation of changes in the
balance of this difference.
C3 Cash flow statements - new disclosures required by IAS 7
An entity shall apply this amendment to IAS 7 for annual reporting periods
beginning on or after 1 January 2017.
1 Evaluate changes in liabilities IAS 7 – 44A IAS 7 –
Do the notes provide disclosures that enable users of financial statements 44B
to evaluate changes in liabilities arising from financing activities, including
both changes arising from cash flows and non-cash changes?
Liabilities arising from financing activities are liabilities for which cash
flows were, or future cash flows will be, classified in the statement of cash
flows as cash flows from financing activities. In addition, the disclosure
requirement in paragraph 44A also applies to changes in financial assets
(for example, assets that hedge liabilities arising from financing activities)
if cash flows from those financial assets were, or future cash flows will be,
included in cash flows from financing activities.
To satisfy the requirement above, do the notes disclose the following IAS 7 – 44B
changes in liabilities arising from financing activities:
(a) changes from financing cash flows;

(b) changes arising from obtaining or losing control of subsidiaries or
businesses
(c) the effect of changes in foreign exchange rates
(d) changes in fair values; and
(e) other changes
2 If the disclosure requirement in paragraph 44A is fulfilled by providing a IAS 7 – 44D
reconciliation between the opening and closing balances in the statement
of financial position for liabilities arising from financing activities, including
the changes identified in paragraph 44B, do the notes provide sufficient
information to enable users of the financial statements to link items
included in the reconciliation to the statement of financial position and the
statement of cash flows?
3 If an entity provides the disclosure required by paragraph 44A in IAS 7 – 44E
combination with disclosures of changes in other assets and liabilities, do
the notes disclose the changes in
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liabilities arising from financing activities separately from changes in those

other assets and liabilities?
4 Early adoption of Disclosure Initiative (amendments to IAS 7) IAS 7 – 60
If the entity is early adopting the Disclosure Initiative (amendments to IAS
7) do the notes disclose the fact? (See Section C3)
C4 Leases - new disclosures required by IFRS 16

An entity shall apply this Standard for annual reporting periods beginning
on or after 1 January 2019.
Disclosure for lessees
Has the lessee disclosed information about its leases for which it is a
lessee in a single note or a separate section in its financial statements?
Note. a lessee need not duplicate information that is already presented
elsewhere in the financial statements, provided that the information is
incorporated by cross- reference in the single note or separate section
about leases.
1 IFRS 16 - 52
Has the lessee disclosed the following amounts for the reporting period:
2 IFRS 16 - 53
(a) depreciation charge for right-of-use assets by class of underlying asset;

Note. This disclosure is not required for a right-of-use asset which meets
the definition of investment property and therefore has been disclosed in IFRS 16 - 53
accordance with IAS 40.
(b) interest expense on lease liabilities; IFRS 16 - 53
(c) the expense relating to short-term leases accounted for by applying

IFRS paragraph 6; Note. This expense need not include the expense
relating to leases with a lease term of one month or less; IFRS 16 - 53
(d) the expense relating to leases of low-value assets accounted for by

applying IFRS 16 paragraph 6; Note. This expense shall not include the
expense relating to short-term leases of low-value assets included above. IFRS 16 - 53
(e) the expense relating to variable lease payments not included in the
measurement of lease liabilities; IFRS 16 - 53
(f) income from subleasing right-of-use assets; Note. This disclosure is not
required for a right-of-use asset which meets the definition of investment
property and therefore has been disclosed in accordance with IAS 40. IFRS 16 - 53
(g) total cash outflow for leases; IFRS 16 - 53

(h) additions to right-of-use assets. Note. This disclosure is not required for
a right-of-use asset which meets the definition of investment property and
therefore has been disclosed in accordance with IAS 40. IFRS 16 - 53
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(i) gains or losses arising from sale and leaseback transactions; and
IFRS 16 - 53
(j) the carrying amount of right-of-use assets at the end of the reporting
period by class of underlying asset? Note. This disclosure is not required
for a right-of-use asset which meets the definition of investment property IFRS 16 - 53
and therefore has been disclosed in accordance with IAS 40.
Has the lessee disclosed the above information in a tabular format, unless
3 another format is more appropriate? IFRS 16 - 54
Do the amounts disclosed above include costs that a lessee has included
4 in the carrying amount of another asset during the reporting period? IFRS 16 - 54
Has the lessee disclosed the amount of its lease commitments for short-
term leases accounted for applying paragraph 6 if the portfolio of short-
term leases to which it is committed at the end of the reporting period is
dissimilar to the portfolio of short-term leases to which the short-term lease
expense disclosed at 4.24.2(c) above relates?
5 IFRS 16 - 55
Where the lease measures the right-of-use asset at revalued amounts
6 applying IAS 16, do the notes disclose: IFRS 16 - 57
(a) the effective date of the revaluation; IFRS 16 - 57
(b) whether an independent valuer was involved; IFRS 16 - 57
(c) for each revalued class of property, plant and equipment, the carrying
under the cost model; and IFRS 16 - 57
(d) the revaluation surplus, indicating the change for the period and any
restrictions on the distribution of the balance to shareholders? IFRS 16 - 57
Has the lessee disclosed a maturity analysis of lease liabilities separately

7 from the maturity analysis of other financial liabilities? IFRS 16 - 58
Has the lessee disclosed additional qualitative and quantitative information

about its leasing activities necessary to give a basis for users of financial
statements to assess the effect that leases have on the financial position,
financial performance and cash flows of the lessee?
8 IFRS 16 - 59
Does the additional information referred to above include the following
9 disclosure: IFRS 16 - 59
(a) the nature of the lessee's leasing activities; IFRS 16 - 59

(b) future cash outflows to which the lessee is potentially exposed that are
not reflected in the measurement of lease liabilities including exposure IFRS 16 - 59
arising from;
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Sources
(i) variable lease payments; IFRS 16 - 59
(ii) extension options and termination options; IFRS 16 - 59
(iii) residual value guarantees; and IFRS 16 - 59
(iv) leases not yet commenced to which the lessee is committed;

IFRS 16 - 59
(c) restrictions on covenants imposed by leases; and IFRS 16 - 59
(d) sale and leaseback transactions? IFRS 16 - 59
Where a lessee accounts for short-term leases or leases of low-value

10 assets applying paragraph 6, is that fact disclosed? IFRS 16 - 60
Disclosure for lessors
Has the lessor disclosed the following amounts for the reporting period:
11 IFRS 16 - 90
(a) for finance leases; IFRS 16 - 90
(i) selling profit or loss; IFRS 16 - 90
(ii) finance income on the net investment in the lease; and IFRS 16 - 90
(iii) income relating to variable lease payments not included in the

measurement of the net investment in the lease; and IFRS 16 - 90
(b) for operating leases, lease income, separately disclosing income

relating to variable lease payments that do not depend on an index or IFRS 16 - 90
rate?
Has the lessor disclosed the above information in a tabular format, unless
12 another format is more appropriate? IFRS 16 - 91
Has the lessor disclosed additional qualitative and quantitative information

about its leasing activities necessary to give a basis for users of financial
statements to assess the effect that leases have on the financial position,
financial performance and cash flows of the lessee?
13 IFRS 16 - 92
Does the additional information referred to above include the following
14 disclosure: IFRS 16 - 92
(a) the nature of the lessor's leasing activities; IFRS 16 - 92
(b) how the lessor manages the risk associated with any rights it retains in
underlying assets; IFRS 16 - 92
(c) its risk management strategy for the rights it retains in underlying
assets including any means by which the lessor reduces that risk? Note.
Such means may include, for example, buy-back agreements, residual
value guarantees or variable lease payments for use in excess of
specified limits.
IFRS 16 - 92
###
Y-NM-NA Comments
229
Sources
Has the lessor provided a qualitative and quantitative explanation of the

15 significant changes in the carrying amount of the net investment in finance IFRS 16 - 93
leases?
Has the lessor disclosed a maturity analysis of the lease payments

receivable, showing the undiscounted lease payments to be received on
16 an annual basis for a minimum of each of the first five years and a total of IFRS 16 - 94
the amounts for the remaining years?
Has the lessor reconciled the undiscounted lease payments to the net
investment in the lease? Note. The reconciliation shall identify the
17 unearned finance income relating to the lease payments receivable and IFRS 16 - 94
any discounted unguaranteed residual value.
Has the lessor disaggregated each class of property, plant and equipment
disclosure required by IAS 16 into assets subject to operating leases and
18 assets not subject to operating leases? IFRS 16 - 95
Has the lessor disclosed a maturity analysis of lease payments, showing

the undiscounted lease payments to be received on an annual basis for a
19 minimum of each of the first five years and a total of the amounts for the IFRS 16 - 97
remaining years?
20 Has the entity disclosed that it is adopting IFRS 16 early? IFRS 16 - C1
Where the entity has chosen to apply the practical expedient in C3 of

IFRS 16 to not reassess whether a contract is, or contains, a lease at the
21 date of initial application, has that fact been disclosed? IFRS 16 - C4
Where the entity has chosen to apply the practical expedient in C5(b) of
IFRS 16 to retrospectively apply this standard with the cumulative effect of
initially apply the standard recognised at the date of initial application in
accordance with C7 to C13, has the entity disclosed the following:
22 IFRS 16 - C12
(a) the weighted average lessee's incremental borrowing rate applied to
lease liabilities recognised in the statement of financial position at the date IFRS 16 - C12
of initial application; and
(b) an explanation of the difference between (a) operating lease

commitments disclosed applying IAS 17 at the end of the annual reporting
period immediately preceding the date of initial application, discounted
using the incremental borrowing rate at the date of initial application, and
(b) lease liabilities recognised in the statement of financial position at the
date of initial application?
IFRS 16 - C12
Where the entity has chosen to use one or more of the practical
expedients in C10 of IFRS 16 to leases previously classified as operating
23 leases, has the entity disclosed that fact? IFRS 16 - C13
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Y-NM-NA Comments
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IFRS disclosure

Amendment to IAS 1, 'Presentation of financial statements' on disclosure initiative

Amendment to IAS 16 and IAS 38 - Clarification of acceptable methods of

Amendment to IAS 27, 'Separate financial statements'

Amendment to IAS 41 regarding bearer plants

Amendment to IFRS 10 and IAS 28 on investment entities applying the consolidation

Annual improvements (2012-2014)

Forthcoming standards and interpretations are:

Amendment to IAS 12 on recognition of deferred tax assets for unrealised losses

IFRS 2, Share-based payment Amendment on clarifying share- based payment

Amendment to IFRS 10 and IAS 28 on sale or contribution of assets IFRS 15,

IFRS 16, 'Leases'

IFRS effective date

Annual periods on or after 1 January 2016

Annual periods on or after 1 January 2016

Annual periods beginning on or after 1 January

Annual periods beginning on or after 1 January

Annual periods beginning on or after 1

Section A Disclosures for consideration by all entities

A3 Statement of Comprehensive Income/Income Statement

A4 Statement of Financial Position (Balance Sheet)

A5 Statement of Cash Flows

A6 Statement of Changes in Equity

A7 Statement of Recognised Income and Expense

A9 Fair Value Hierarchy Transfers

Section B Additional Disclosures

B1 IFRS 1 First time adoption

B3 IAS 33 Earnings per Share

B5 IFRS 4 Insurance contracts

B6 IFRS 8 Operating Segments

B7 IFRS 14 - Regulatory deferral accounts

Section C Standards not yet effective

C1 Revenue from contracts with customers

C2 Financial instruments - new disclosures required by IFRS 9 (2014)

C3 Cash flow statements - new disclosures required by IAS 7

C4 Leases - new disclosures required by IFRS 16

1 Financial statement components IAS 1

(c) a statement of changes in equity for the period; IAS 1 (2007) -

(d) a statement of cash flows for the period; IAS 1 (2007) -

(ea) comparative information in respect of the preceding period. IAS 1 (2007) -

2 Equal Prominence of financial statements IAS 1 (2007) -

3 Presentation of similar items IAS 1 (2007) -

4 Items of dissimilar nature of function IAS 1 (2007) -

5 Offsetting IAS 1 (2007) -

The next question is 7

7 Comparative Information IAS 1 (2007) -

descriptive information if it is relevant to an understanding the current

8 Comparative Information - Minimum Requirements An entity shall present, IAS 1

(a) two statements of financial position; IAS 1 (2007) - 38A

(d) two separate statements of cash flows IAS 1 (2007) - 38A

(e) two statements of changes in equity; and IAS 1 (2007) - 38A

(f) related notes. IAS 1 (2007) - 38A

9 Third Statement of Financial Position IAS 1 (2007) - 40D

information in addition to the minimum requirements in IAS 1 as long as

11 Comparative Information - Additional Statements IAS 1 (2007) - 38C

13 Reclassification of comparative amounts IAS 1

(a) the nature of the reclassification; IAS 1 (2007) -

(c) the reason for the reclassification. IAS 1 (2007) -

(d) the presentation currency as defined in IAS 21; IAS 1 (2007) -