Standards by year end

Publication date: 08 Jun 2020

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This table displays the new standards, amendments and IFRICs issued during the last 12 months and when they are effective from, subject to EU endorsement. The tables below display for specific year ends the new standards, amendments and IFRICs which become applicable for the first time subject to EU endorsement.

Mandatory for 31 March 2018 year ends (subject to EU endorsement)
Mandatory for 30 June 2018 year ends (subject to EU endorsement)
Mandatory for 31 October 2018 year ends (subject to EU endorsement)
Mandatory for 31 December 2018 year ends (subject to EU endorsement)
Mandatory for 31 March 2019 year ends (subject to EU endorsement)
Mandatory for 30 June 2019 year ends (subject to EU endorsement)
Mandatory for 30 September 2019 year ends (subject to EU endorsement)
Mandatory for 31 December 2019 year ends (subject to EU endorsement)
Mandatory for 31 March 2020 year ends (subject to EU endorsement)
Mandatory for 30 June 2020 year ends (subject to EU endorsement)
Mandatory for 30 September 2020 year ends (subject to EU endorsement)
Mandatory for 31 December 2020 year ends (subject to EU endorsement)

Applicability of latest IFRS standards and IFRICs

Key:
Endorsed by the EU
Not yet endorsed by EU

 

Effective from beginning of From
01 January 2019
From
01 January 2020
From
01 June 2020
From
01 January 2021
From
01 January 2022
New standards          
IFRS 16, Leases' (effective 1 January 2019 or when apply IFRS 15)          
IFRS 17, 'Insurance contracts' (effective 1 January 2021 or when apply IFRS 15 and IFRS 9)          
Amendments          
Amendment to IFRS 9, Financial instruments on prepayment features with negative compensation (effective date 1 Jan 2019)          
Amendments to IAS 28, 'Investments in associates', on long term interests in associates and joint ventures (effective date 1 January 2019)          
Amendments to IAS 19, 'Employee benefits', Plan amendment, curtailment or settlement' (effective date 1 January 2019)          
Annual improvements 2015-2017 cycle (effective 1 January 2019) (subject to EU endorsement)          
Amendment to IFRS 3, Business combinations (effective 1 January 2020)          
Amendments to IFRS 9, IAS 39 and IFRS 7 - Interest rate benchmark reform (effective 1 January 2020)          
Amendments to IFRS 16, Leases, Related rent concessions (effective 1 June 2020) (subject to EU endorsement)          
Small amendments to IFRS 3, IAS 16, IAS 37 and some annual improvements on IFRS 1, IFRS 9, IAS 41 and IFRS 16 (effective 1 January 2022) subject to EU endorsement)          
Amendments to IAS 1, Presentation of financial statements' on classification of liabilities (effective 1 January 2022) subject to EU endorsement          
New IFRICs          
IFRIC 23,'Uncertainty over income tax' (effective 1 January 2019)          


* The European Commission has decided not to launch the endorsement process of this interim standard and to wait for the final standard.



Mandatory for 31 March 2018 year ends (subject to EU endorsement) From
01 Apr 2017
From
01 Jul 2017
From
01 Oct 2017
From
01 Dec 2017
Amendments        
Amendments to IAS 12, 'Income taxes' on Recognition of deferred tax assets for unrealised losses (effective 1 January 2017)        
Amendments to IAS 7, 'Statement of cash flows' (effective 1 January 2017)        
IFRS 12, 'Disclosure of interests in other entities' (effective 1 January 2017)        

Mandatory for 30 June 2018 year ends (subject to EU endorsement) From
01 Jul 2017
From
01 Oct 2017
From
01 Dec 2017
From
01 April 2018
Amendments        
Amendments to IAS 12, 'Income taxes' on Recognition of deferred tax assets for unrealised losses (effective 1 January 2017)        
Amendments to IAS 7, 'Statement of cash flows' (effective 1 January 2017)        
IFRS 12, 'Disclosure of interests in other entities' (effective 1 January 2017)        

Mandatory for 31 October 2018 year ends (subject to EU endorsement) From
01 Oct 2017
From
01 Dec 2017
From
01 April 2018
From
01 June 2018
Amendments        
Amendments to IAS 12, 'Income taxes' on Recognition of deferred tax assets for unrealised losses (effective 1 January 2017)        
Amendments to IAS 7, 'Statement of cash flows' (effective 1 January 2017)        
IFRS 12, 'Disclosure of interests in other entities' (effective 1 January 2017)        

Mandatory for 31 December 2018 year ends (subject to EU endorsement) From
01 Jan 2018
From
01 March 2018
From
01 June 2018
From
01 Oct 2018
Amendments        
IFRS 9, 'Financial instruments' (effective 1 January 2018)        
IFRS 15, 'Revenue from contracts with customers' (effective 1 January 2018)        
Amendments to IFRS 4, Amendments regarding implementation of IFRS 9 (effective 1 January 2018)        
Amendment to IFRS 9, 'Financial instruments', on general hedge accounting (effective 1 January 2018)        
Amendments to IFRS 15, 'Revenue from contracts with customers'  (effective 1 January 2018)        
Amendments to IFRS 2, 'Share based payments' - Classification and measurement (effective 1 January 2018)        
Amendments to IAS 40, 'Investment property' transfer of property (effective 1 January 2018)        
IFRIC 22, 'Foreign currency transactions and advance consideration' (effective 1 January 2018)        
Amendment to IFRS 1,'First-time Adoption of IFRS' regarding short-term exemptions covering transition provisions of IFRS 7, IAS 19, and IFRS 10 (effective 1 January 2018)        
Amendment to IAS 28' Investments in associates and joint ventures' regarding measuring their investments in associates or joint ventures at fair value through profit or loss (FVTPL) (effective 1 January 2018)        

Mandatory for 31 March 2019 year ends (subject to EU endorsement) From
01 April 2018
From
01 July 2018
From
01 Oct 2018
From
01 Jan 2019
Amendments        
IFRS 9, 'Financial instruments' (effective 1 January 2018)        
IFRS 15, 'Revenue from contracts with customers' (effective 1 January 2018)        
Amendments to IFRS 4, Amendments regarding implementation of IFRS 9 (effective 1 January 2018)        
Amendment to IFRS 9, 'Financial instruments', on general hedge accounting (effective 1 January 2018)        
Amendments to IFRS 15, 'Revenue from contracts with customers'  (effective 1 January 2018)        
Amendments to IFRS 2, 'Share based payments' - Classification and measurement (effective 1 January 2018)        
Amendments to IAS 40, 'Investment property' transfer of property (effective 1 January 2018)        
IFRIC 22, 'Foreign currency transactions and advance consideration' (effective 1 January 2018)        
Amendment to IFRS 1,'First-time Adoption of IFRS' regarding short-term exemptions covering transition provisions of IFRS 7, IAS 19, and IFRS 10 (effective 1 January 2018)        
Amendment to IAS 28' Investments in associates and joint ventures' regarding measuring their investments in associates or joint ventures at fair value through profit or loss (FVTPL) (effective 1 January 2018)        

Mandatory for 30 June 2019 year ends (subject to EU endorsement) From
01 July 2018
From
01 Oct 2018
From
01 Jan 2019
From
01 April 2019
Amendments        
IFRS 9, 'Financial instruments' (effective 1 January 2018)        
IFRS 15, 'Revenue from contracts with customers' (effective 1 January 2018)        
Amendments to IFRS 4, Amendments regarding implementation of IFRS 9 (effective 1 January 2018)        
Amendment to IFRS 9, 'Financial instruments', on general hedge accounting (effective 1 January 2018)        
Amendments to IFRS 15, 'Revenue from contracts with customers'  (effective 1 January 2018)        
Amendments to IFRS 2, 'Share based payments' - Classification and measurement (effective 1 January 2018)        
Amendments to IAS 40, 'Investment property' transfer of property (effective 1 January 2018)        
IFRIC 22, 'Foreign currency transactions and advance consideration' (effective 1 January 2018)        
Amendment to IFRS 1,'First-time Adoption of IFRS' regarding short-term exemptions covering transition provisions of IFRS 7, IAS 19, and IFRS 10 (effective 1 January 2018)        
Amendment to IAS 28' Investments in associates and joint ventures' regarding measuring their investments in associates or joint ventures at fair value through profit or loss (FVTPL) (effective 1 January 2018)        

Mandatory for 30 September 2019 year ends (subject to EU endorsement) From
01 Oct 2018
From
01 Jan 2019
From
01 April 2019
From
01 July 2019
Amendments        
IFRS 9, 'Financial instruments' (effective 1 January 2018)        
IFRS 15, 'Revenue from contracts with customers' (effective 1 January 2018)        
Amendments to IFRS 4, Amendments regarding implementation of IFRS 9 (effective 1 January 2018)        
Amendment to IFRS 9, 'Financial instruments', on general hedge accounting (effective 1 January 2018)        
Amendments to IFRS 15, 'Revenue from contracts with customers'  (effective 1 January 2018)        
Amendments to IFRS 2, 'Share based payments' - Classification and measurement (effective 1 January 2018)        
Amendments to IAS 40, 'Investment property' transfer of property (effective 1 January 2018)        
IFRIC 22, 'Foreign currency transactions and advance consideration' (effective 1 January 2018)        
Amendment to IFRS 1,'First-time Adoption of IFRS' regarding short-term exemptions covering transition provisions of IFRS 7, IAS 19, and IFRS 10 (effective 1 January 2018)        
Amendment to IAS 28' Investments in associates and joint ventures' regarding measuring their investments in associates or joint ventures at fair value through profit or loss (FVTPL) (effective 1 January 2018)        

Mandatory for 31 December 2019 year ends (subject to EU endorsement) From
01 Jan 2019
From
01 April 2019
From
01 July 2019
From
01 Oct 2019
Amendments        
IFRS 16, Leases' (effective 1 January 2019)        
Amendment to IFRS 9, 'Financial instruments' on prepayment features with negative compensation (effective date 1 January 2019)        
Amendments to IAS 28, 'Investments in associates', on long term interests in associates and joint ventures (effective date 1 January 2019)        
Amendment to IAS 19, 'Employee benefits' Plan amendment, curtailment or settlement'  (effective 1 January 2019)        
Annual improvements 2015-2017 (effective 1 January 2019)        
IFRIC 23 'Uncertainty over income tax' (effective 1 January 2019)        

Mandatory for 31 March 2020 year ends (subject to EU endorsement) From
01 April 2019
From
01 July 2019
From
01 Oct 2019
From
01 Jan 2020
Amendments        
IFRS 16, Leases' (effective 1 January 2019)        
Amendment to IFRS 9, 'Financial instruments' on prepayment features with negative compensation (effective date 1 January 2019)        
Amendments to IAS 28, 'Investments in associates', on long term interests in associates and joint ventures (effective date 1 January 2019)        
Amendment to IAS 19, 'Employee benefits' Plan amendment, curtailment or settlement'  (effective 1 January 2019)        
Annual improvements 2015-2017 (effective 1 January 2019)        
IFRIC 23 'Uncertainty over income tax' (effective 1 January 2019)        

Mandatory for 30 June 2020 year ends (subject to EU endorsement) From
01 July 2019
From
01 Oct 2019
From
01 Jan 2019
From
01 Mar 2020
Amendments        
IFRS 16, Leases' (effective 1 January 2019)        
Amendment to IFRS 9, 'Financial instruments' on prepayment features with negative compensation (effective date 1 January 2019)        
Amendments to IAS 28, 'Investments in associates', on long term interests in associates and joint ventures (effective date 1 January 2019)        
Amendment to IAS 19, 'Employee benefits' Plan amendment, curtailment or settlement'  (effective 1 January 2019)        
Annual improvements 2015-2017 (effective 1 January 2019)        
IFRIC 23 'Uncertainty over income tax' (effective 1 January 2019)        

Mandatory for 30 September 2020 year ends (subject to EU endorsement) From
01 Oct 2019
From
01 Jan 2019
From
01 April 2019
From
01 July 2020
Amendments        
IFRS 16, Leases' (effective 1 January 2019)        
Amendment to IFRS 9, 'Financial instruments' on prepayment features with negative compensation (effective date 1 January 2019)        
Amendments to IAS 28, 'Investments in associates', on long term interests in associates and joint ventures (effective date 1 January 2019)        
Amendment to IAS 19, 'Employee benefits' Plan amendment, curtailment or settlement'  (effective 1 January 2019)        
Annual improvements 2015-2017 (effective 1 January 2019)        
IFRIC 23 'Uncertainty over income tax' (effective 1 January 2019)        

Mandatory for 31 December 2020 year ends (subject to EU endorsement) From
01 Jan 2020
From
01 April 2020
From
01 July 2020
From
01 Sept 2020
Amendments        
Amendment to IFRS 3, Business combinations (effective 1 January 2020)        
Amendments to IFRS 9, IAS 39 and IFRS 7 - Interest rate benchmark reform (effective 1 January 2020)        


* The European Commission has decided not to launch the endorsement process of this interim standard and to wait for the final standard.

Previous edition

Publication date: 04 Jan 2017

Mandatory for 31 March 2014 year ends (subject to EU endorsement)
Mandatory for 30 June 2014 year ends (subject to EU endorsement)
Mandatory for 30 September 2014 year ends (subject to EU endorsement)
Mandatory for 31 December 2014 year ends (subject to EU endorsement)

Applicability of latest IFRS standards and IFRICs

Key:
Endorsed by the EU
Not yet endorsed by EU

 

Effective from beginning of From
01 January 2009
From
01 April 2009
From
01 July 2009
From
01 October 2009
From
01 January 2010
From
01 February 2010
From
01 April 2010
From
01 July 2010
From
01 October 2010
New standards                  
IFRS 1 (revised) 'First-time adoption' (effective 1 July 2009)                  
IFRS 3 (revised), ‘Business combinations' (effective 1 July 2009)                  
IFRS 8, 'Operating segments'(effective 1 January 2009)                  
IAS 1 (revised), ‘Presentation of financial statements' (effective 1 January 2009)                  
IAS 19 (revised 2011) 'Employee benefits' (effective 1 January 2013)                  
IAS 27 (revised), ‘Consolidated and separate financial statements' (effective 1 July 2009)                  
Amendments                  
Amendment to IAS 39, 'Financial instruments: Recognition and measurement', and IFRS 7, 'Financial instruments: Disclosures', on the 'Reclassification of financial assets' (effective 1 July 2008)*                  
Amendment to IFRIC 9 and IAS 39 regarding embedded derivatives (effective 1 July 2008)                  
Amendment to IFRS 1 'First-time adoption of IFRS' and IAS 27 'Consolidated and separate financial statements' on the ‘Cost of an investment in a subsidiary, jointly controlled entity or associate' (effective 1 January 2009)                  
Annual improvements to IFRSs (2008) (most amendments effective 1 January 2009)                  
Amendment to IAS 32, 'Financial instruments: Presentation', and IAS 1, 'Presentation of financial statements on ‘Puttable financial instruments and obligations arising on liquidation' (effective 1 January 2009)                  
Amendment to IFRS 2, ‘Share based payments' on ‘Vesting conditions and cancellations' (effective 1 January 2009)                  
Amendment to IFRS 7,'Financial instruments:Disclosures' (effective 1 January 2009)                  
Amendment to IAS 39, ‘Financial Instruments: Recognition and measurement' on ‘Eligible hedged items' (effective 1 July 2009)                  
Annual improvements 2009 (effective 1 January 2010)                  
Amendment to IFRS 2, 'Share based payments – Group cash-settled share-based payment transactions' (effective 1 January 2010)                  
Amendments to IFRS 1 for additional exemptions (effective 1 January 2010)                  
Amendments to IAS 32 Financial instruments: Presentation on classification of rights issues. (effective 1 February 2010)                  
Amendment to IFRS 1, First-time adoption (effective 1 July 2010)                  
New IFRICs                  
IFRIC 12,'Service concession arrangements' (effective 1 January 2008) EU endorsed for 30 March 2009                  
IFRIC 13,'Customer loyalty programmes relating to IAS 18, Revenue' (effective 1 July 2008 but EU endorsed for use 1 January 2009)                  
IFRIC 14, ‘IAS 19 – The limit on a defined benefit asset, minimum funding requirements and their interaction' (effective 1 January 2008 but EU endorsed for use 1 January 2009)                  
IFRIC 15, ‘Agreements for construction of real estates' (effective 1 January 2009, EU endorsed for 1 January 2010)                  
IFRIC 16, ‘Hedges of a net investment in a foreign operation' (effective 1 October 2008 but EU endorsed for 1 July 2009)                  
IFRIC 17, 'Distributions of non cash assets to owners' (effective 1 July 2009)                  
IFRIC 18, 'Transfer of assets from customers' (EU endorsed from annual periods beginning on or after 31 October 2009)                  
* The October version of this amendment was endorsed in October 2008. The November version which confirmed that any reclassifications made on or after 1 November 2008 should take effect only from the date of the reclassification and may not be backdated. The November version was endorsed on 10 September 2009.


Mandatory for 31 March 2014 year ends (subject to EU endorsement) From
01 April 2013
From
01 July 2013
From
01 October 2013
From
01 January 2014
From
01 April 2014
From
01 July 2014
From
01 October 2014
From
01 January 2015
Amendments                
Amendment to IAS 12,'Income taxes' on deferred tax (effective 1 January 2012) (endorsed 1 January 2013)                
IFRS 10, 'Consolidated financial statements' (effective 1 January 2013) (endorsed 1 January 2014)                
IFRS 11, 'Joint arrangements'(effective 1 January 2013) (endorsed 1 January 2014)                
IFRS 12, 'Disclosures of interests in other entities' (effective 1 January 2013) (endorsed 1 January 2014)                
IFRS 13, 'Fair value measurement' (effective 1 January 2013)                
IAS 19 (revised 2011) 'Employee benefits' (effective 1 January 2013)                
IAS 27 (revised 2011) 'Separate financial statements' (effective 1 January 2013) (endorsed 1 January 2014)                
IAS 28 (revised 2011) 'Associates and joint ventures' (effective 1 January 2013) (endorsed 1 January 2014)                
Amendment to IFRS 1,'First time adoption' on government grants (effective 1 January 2013)                
Annual improvements 2011 (effective 1 January 2013)                
Amendments to IFRS 10,11 and 12 on transition guidance (effective 1 January 2013) (endorsed 1 January 2014)                
IFRIC 20 'Stripping costs in the production phase of a surface mine’ (effective 1 January 2013)                


Mandatory for 30 June 2014 year ends (subject to EU endorsement) From
01 April 2013
From
01 July 2013
From
01 October 2013
From
01 January 2014
From
01 April 2014
From
01 July 2014
From
01 October 2014
From
01 January 2015
Amendments                
Amendment to IAS 12,'Income taxes' on deferred tax (effective 1 January 2012) (endorsed 1 January 2013)                
IFRS 10, 'Consolidated financial statements' (effective 1 January 2013) (endorsed 1 January 2014) (endorsed 1 January 2014)                
IFRS 11, 'Joint arrangements'(effective 1 January 2013) (endorsed 1 January 2014)                
IFRS 12, 'Disclosures of interests in other entities' (effective 1 January 2013) (endorsed 1 January 2014)                
IFRS 13, 'Fair value measurement' (effective 1 January 2013)                
IAS 19 (revised 2011) 'Employee benefits' (effective 1 January 2013)                
IAS 27 (revised 2011) 'Separate financial statements' (effective 1 January 2013) (endorsed 1 January 2014)                
IAS 28 (revised 2011) 'Associates and joint ventures' (effective 1 January 2013) (endorsed 1 January 2014)                
Amendment to IFRS 1,'First time adoption' on government grants (effective 1 January 2013)                
Amendments to IFRS 7 on Financial instruments asset and liability offsetting (effective 1 January 2013)                
Annual improvements 2011 (effective 1 January 2013)                
Amendments to IFRS 10,11 and 12 on transition guidance (effective 1 January 2013) (endorsed 1 January 2014)                
IFRIC 20 'Stripping costs in the production phase of a surface mine’ (effective 1 January 2013)                


Mandatory for 30 September 2014 year ends (subject to EU endorsement) From
01 October 2013
From
01 January 2014
From
01 April 2014
From
01 July 2014
From
01 October 2014
From
01 January 2015
Amendments            
Amendment to IAS 12,'Income taxes' on deferred tax (effective 1 January 2012) (endorsed 1 January 2013)            
IFRS 10, 'Consolidated financial statements' (effective 1 January 2013) (endorsed 1 January 2014) (endorsed 1 January 2014)            
IFRS 11, 'Joint arrangements'(effective 1 January 2013) (endorsed 1 January 2014)            
IFRS 12, 'Disclosures of interests in other entities' (effective 1 January 2013) (endorsed 1 January 2014)            
IFRS 13, 'Fair value measurement' (effective 1 January 2013)            
IAS 19 (revised 2011) 'Employee benefits' (effective 1 January 2013)            
IAS 27 (revised 2011) 'Separate financial statements' (effective 1 January 2013) (endorsed 1 January 2014)            
IAS 28 (revised 2011) 'Associates and joint ventures' (effective 1 January 2013) (endorsed 1 January 2014)            
Amendment to IFRS 1,'First time adoption' on government grants (effective 1 January 2013)            
Amendments to IFRS 7 on Financial instruments asset and liability offsetting (effective 1 January 2013)            
Annual improvements 2011 (effective 1 January 2013)            
Amendments to IFRS 10,11 and 12 on transition guidance (effective 1 January 2013) (endorsed 1 January 2014)            
IFRIC 20 'Stripping costs in the production phase of a surface mine’ (effective 1 January 2013)            


Mandatory for 31 December 2014 year ends (subject to EU endorsement) From
01 January 2014
From
01 April 2014
From
01 July 2014
From
01 October 2014
From
01 January 2015
Amendments          
Amendments to IFRS 10,11 and 12 on transition guidance (effective 1 January 2013) (endorsed 1 January 2014)          
Amendments to IFRS 10, 12 and IAS 27 on consolidation for investment entities (effective 1 January 2014)          
Amendments to IAS 32 on Financial instruments asset and liability offsetting (effective 1 January 2014)          
Amendment to IAS 36, 'Impairment of assets' on recoverable amount disclosures (effective 1 January 2014)          
Amendment to IAS 39 'Financial instruments: Recognition and measurement', on novation of derivatives and hedge accounting (effective 1 January 2014)          
IFRIC 21, 'Levies' (effective 1 January 2014) (endorsed 17 June 2014)          
 
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