Financial Reporting Standards (FRSs)

Changes in FY 2011 (@ 22/10/2010)

Revised FRS 24 Related party disclosures - Eff. 1/1/2011

Amendments to FRS 32: Classification of rights issues - Eff. 1/2/2010

Amendments to FRS 101: Limited exemption from comparative FRS 197 - Eff. 1/7/2010

Improvements to FRS : 2010 - Eff. 1/7/2010 or 1/1/2011 (generally)

INT FRS 115 Agreements or the construction of real estate - Eff. 1/1/2011

(supercedes RAP 11)

INT FRS 119 Extinguishing financial liabilities with equity instruments - Eff. 1/7/2010

Amendments to INT FRS114 - Eff. 1/1/2011

SFRS for Small Entities - Eff. 1/1/2011

...

Changes in FY 2010

Amendments to FRS 39
Eligibel hedge items - Eff. 1/7/2009

Revised FRS 101 First time adoption of FRS - Eff. 1/7/2009

Amendments to FRS 101
Additional exemptions for first-time adopters - Eff. 1/1/2010

Amendments to FRS 102
Group cash-settled share-based payment transaction - Eff. 1/1/2010

Revised FRS 103 & FRS 27
Business combinations & Consolidated and separate financial statements - Eff. 1/7/2009

Amendments to INT FRS 109 & FRS 39
Embedded derivatives - Eff. 30/6/2009

INT FRS 117
Distribution of non-cash assets to owners - Eff. 1/7/2009

INT FRS 118
Transfer of assets from customers - Eff. 1/7/2009

Improvements to FRS - Generally eff. 1/1/2010.

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Changes in FY 2009

FRS 1
Presentation of financial statements - Eff. 1/1/2009

FRS 23
Borrowing costs - Eff. 1/1/2009

FRS 32
Puttable financial instruments and obligations arising on liquidation - Eff. 1/1/2009

Amendments to FRS 101 and FRS 27
Cost of an investment in a subsidiary, jointly controlled entity or associate - Eff. 1/1/2009

FRS 102
Vesting conditions & cancellation - Eff. 1/1/2009

FRS 107
Improving disclosure about financial instruments - Eff. 1/1/2009

FRS 108
Segment Reporting - Eff. 1/1/2009

INT FRS 112 (R)
Service concession - Eff. 1/1/2009

INT FRS 116
Hedges of net investment in foreign operation - Eff. 1/10/2008

Improvements to FRS - Generally eff. 1/1/2009

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Changes in FY 2008

FRS 19
Define benefit & minimum funding requirements - Eff. 1/1/2008

FRS 107
Financial instruments: Disclosure - Eff. 1/1/2008
(non-listed)

FRS 107
Financial instruments: Disclosure (Reclassification of financial assets) - Eff. 10/2008

FRS 107
Financial instruments: Disclosure (Reclassification of financial assets-effective date & transition) - Eff. 10/2008

INT FRS 111
Group & treasury share transaction - Eff. 1/3/2007

INT FRS 112
Service concession - Eff. 1/1/2008

INT FRS 113
Customer loyalty programmes - Eff. 1/7/2008

INT FRS 116
Hedges of net investment - Eff 1/10/2008

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Exposure Drafts

ED INT FRS Real estate sales
Comments Due -5/9/2007
[IFRIC 15 issued 3/7/2008 - Eff - 1/1/2009]

ED 9 Joint Arrangements
Comments Due – 11/1/2008

ED FRS 33 Simplifying earnings per share
Comments Due - 17/10/2008

ED FRS 105 Discontinued operations
Comments Due - 23/11/2008

ED Proposed amendments to FRS 107 - Investments in Debt Instruments
Comments Due – 9/1/2009

ED 10 Consolidated Financial Statements
Comments Due – 6/2/2009

ED Proposed amendments to IFRIC 9 and IFRIC 16
Comments Due – 18/2/2009

ED Income Tax
Comments Due - 17/6/2009

ED Derecognition
Comments Due - 30/6/2009

ED FV Measurement
Comments Due - 4/8/2009

ED Financial instruments, classification and measurement
Comments Due - 19/8/2009
[IFRS 9 issued 12/11/2009 - Eff - 1/1/2013]
[ASC deferred adoption - 25/1/2010]

ED of Proposed Improvements to FRS (Annual Improvement Process 2010)
Comments Due -16/10/2009

ED / 2009 / 12 Financial instruments: Amortised cost and impairment
Comments Due - 30/4/2010

ED / 2009 / 13 Proposed amendments to IFRS 1
Comments Due - 18/12/2009

ED of Charities Accounting Standard
Comments Due - 3/3/2010

ED / 2010 / 1 Measurement of liabilities of IAS 37
Comments Due - 15/3/2010

ED / 2010 / 3 Proposed amendment to IAS 19 - Defined benefits plan
Comments Due - 23/7/2010

ED / 2010 / 4 Fair value option for financial liabilities
Comments Due - 17/6/2010
[Additions to IFRS 9 issued 28/10/2009 - Eff - 1/1/2013]

ED / 2010 / 5 Proposed amendment to IAS 1 - Presentation of items of other comprehensive income
Comments Due - 30/7/2010

ED / 2010 / 6 Revenue from contracts with customers
Comments Due - 10/9/2010

ED / 2010 / 8 Insurance contracts
Comments Due - 29/10/2010

ED / 2010 / 9 Leases
Comments Due - 22/10/2010

DI / 2010 / 1 Stripping costs in the production phases of a surface mine
Comments Due - 29/10/2010

ED / 2010 / 11 Proposed amendments to IAS 12 - Deferred tax: Recovery of underlying assets
Comments Due - 15/10/2010

ED / 2010 / 12 Proposed amendments to IFRS 1 - Severe Hyperinflation
Comments Due - 5/11/2010

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