IFRS 2015 Red Book English Version Part A

1、IFRS 2015 Red Book English Version Part A2015 International IFRS? Official pronouncements issued at January 2015. Includes IFRSs? with an effective date after 1 January 2015 but not the IFRS? they will replace. International FinancialReporting Standards?as issued at 1 January 2015This edition is iss

2、ued in two partsPART AWhen the IASB issues new Standards it generally allows an entity to apply the newrequirements before the mandatory effective date. This text consolidates the most recentlyissued requirements, assuming that all such Standards and Interpretations have beenapplied early. The Stand

3、ards that these new requirements are replacing or superseding arenot included in this text, even where they remain applicable. Readers seeking theStandards consolidated without assuming early application should refer to the 2015 IFRS(Blue Book), which was published at the end of 2014.International F

4、inancialReporting Standards?as issued at 1 January 2015This edition is issued in two partsPART AThe Conceptual Framework for Financial Reporting, the Prefaceto International Financial Reporting Standards (IFRS?) and theconsolidated text of IFRS including International AccountingStandards (IAS?) and

5、Interpretations, as issued at1 January 2015(Glossary and index included)For the accompanying documents issued with theStandards, and other relevant material, see Part B of thiseditionInternational Accounting Standards Board?30 Cannon StreetLondonEC4M 6XHUnited KingdomTelephone: +44 (0)20 7246 6410Fa

6、x: +44 (0)20 7246 6411Email: Publications Telephone: +44 (0)20 7332 2730Publications Fax: +44 (0)20 7332 2747.orgWeb: .International Financial Reporting Standards (IFRS) together with their accompanying documentsare issued by the International Accounting Standards Board (IASB).Di

7、sclaimer: the IASB, the IFRS Foundation, the authors and the publishers do not acceptresponsibility for any loss caused by acting or refraining from acting in reliance on the materialin this publication, whether such loss is caused by negligence or otherwise.International Financial Reporting Standar

8、ds (including International Accounting Standards andSIC and IFRIC Interpretations), Exposure Drafts and other IASB and/or IFRS Foundationpublications are copyright of the IFRS Foundation.Copyright ? 2015 IFRS Foundation?ISBN for this part: 978-1-909704-72-5ISBN for complete publication (two parts):

9、978-1-90. No part of this publication may be translated, reprinted, reproduced or usedin any form either in whole or in part or by any electronic, mechanical or other means, nowknown or hereafter invented, including photocopying and recording, or in any informationstorage and retrieval system, witho

10、ut prior permission in writing from the IFRS Foundation.The approved text of International Financial Reporting Standards and other IASB publications isthat published by the IASB in the English language. Copies may be obtained from the IFRSFoundation. Please address publications and copyright matters

11、 to:IFRS Foundation Publications Department30 Cannon Street, London EC4M 6XH, United KingdomTel: +44 (0)20 7246 6410 Fax: +44 (0)20 7246 6411Email: Web: .The IFRS Foundation logo/the IASB logo/the IFRS for SMEs logo/Hexagon Device, IFRSFoundation, IFRS Taxonomy, eIFRS, IASB, IFR

12、S for SMEs, IAS, IASs, IFRIC, IFRS, IFRSs,SIC, International Accounting Standards and International Financial Reporting Standards areTrade Marks of the IFRS Foundation.Further details of the Trade Marks, including details of countries where the Trade Marks areregistered or applied for, are available

13、 from the Licensor on request.The IFRS Foundation is a not-for-profit corporation under the General Corporation Law of theState of Delaware, USA and operates in England and Wales as an overseas company (Companynumber: FC023235) with its principal office as above.ContentspageChanges in this editionA1

14、Introduction to this editionA7Preface to International Financial Reporting StandardsA13The Conceptual Framework for Financial ReportingA19International Financial Reporting StandardsIFRS 1 First-time Adoption of International Financial Reporting Standards A51IFRS 2 Share-based Payment A89IFRS 3 Busin

15、ess Combinations A131IFRS 4 Insurance Contracts A181IFRS 5 Non-current Assets Held for Sale and Discontinued Operations A211IFRS 6 Exploration for and Evaluation of Mineral Resources A233IFRS 7 Financial Instruments: Disclosures A245IFRS 8 Operating Segments A301IFRS 9 Financial Instruments A319IFRS

16、 10 Consolidated Financial Statements A483IFRS 11 Joint Arrangements A543IFRS 12 Disclosure of Interests in Other Entities A575IFRS 13 Fair Value Measurement A603IFRS 14 Regulatory Deferral Accounts A651IFRS 15 Revenue from Contracts with Customers A675International Accounting StandardsIAS 1 Present

17、ation of Financial Statements A733IAS 2 Inventories A775IAS 7 Statement of Cash Flows A791IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors A805IAS 10 Events after the Reporting Period A825IAS 12 Income Taxes A837IAS 16 Property, Plant and Equipment A877IAS 17 Leases A903IAS 19 E

18、mployee Benefits A.continuedIAS 20Accounting for Government Grants and Disclosure of GovernmentAssistanceA975IAS 21 The Effects of Changes in Foreign Exchange Rates A985IAS 23 Borrowing Costs A1007IAS 24 Related Party Disclosures A1017IAS 26 Accounting and Reporting by Retirement Benefit Plans A1031

19、IAS 27 Separate Financial Statements A1043IAS 28 Investments in Associates and Joint Ventures A1055IAS 29 Financial Reporting in Hyperinflationary Economies A1073IAS 32 Financial Instruments: Presentation A1083IAS 33 Earnings per Share A1125IAS 34 Interim Financial Reporting A1151IAS 36 Impairment o

20、f Assets A1169IAS 37 Provisions, Contingent Liabilities and Contingent Assets A1221IAS 38 Intangible Assets A1245IAS 39 Financial Instruments: Recognition and Measurement A1281IAS 40 Investment Property A1317IAS 41 Agriculture A1341InterpretationsIFRIC 1 Changes in Existing Decommissioning, Restorat

21、ion and SimilarLiabilitiesA1357IFRIC 2 Members Shares in Co-operative Entities and Similar Instruments A1365IFRIC 4 Determining whether an Arrangement contains a Lease A1377IFRIC 5 Rights to Interests arising from Decommissioning, Restoration andEnvironmental Rehabilitation FundsA1387IFRIC 6 Liabili

22、ties arising from Participating in a Specific MarketWasteElectrical and Electronic EquipmentA1395IFRIC 7 Applying the Restatement Approach under IAS 29 Financial Reportingin Hyperinflationary EconomiesA1401IFRIC 10 Interim Financial Reporting and Impairment A1407IFRIC 12 Service Concession Arrangeme

23、nts A1413IFRIC 14 IAS 1.continuedIFRIC 16Hedges of a Net Investment in a Foreign Operation A1433IFRIC 17 Distributions of Non-cash Assets to Owners A1447IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments A1455IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine A1463I

24、FRIC 21 Levies A1471SIC-7 Introduction of the Euro A1479SIC-10 Government AssistanceNo Specific Relation to Operating Activities A1483SIC-15 Operating LeasesIncentives A1487SIC-25 Income TaxesChanges in the Tax Status of an Entity or itsShareholdersA1491SIC-27 Evaluating the Substance of Transaction

25、s Involving the Legal Form of aLeaseA1495SIC-2.IntroductionThis volume includes the latest consolidated versions of all International FinancialReporting Standards (IFRS).This volume includes amendments to Standards that have an effective date after 1 January2015. Readers seeking only the consolidate

26、d text of Standards that are effective on1 January 2015 should refer to the Blue Book.New requirements since the 2014 Red BookThe following are the main changes made since 1 January 2014: one revised StandardIFRS .New and revised StandardsIFRS 9 Financial InstrumentsIFRS .IFRS 9 replaces IAS 3.The I

27、ASB had always intended that IFRS 9 would replace IAS 3. However, inresponse to requests from interested parties that the accounting for financial instrumentsshould be improved quickly, the IASB divided its project to replace IAS 3. As the IASB completed each phase, it issued chapters in IFRS 9 that

28、 replaced thecorresponding requirements in IAS 3.In July 2014 that work culminated when the IASB issued the completed version of IFRS d) a hedge accounting model that more closely aligns the accounting treatment withthe entitys risk management activities and (in IFRS 7 Financial Instruments: Disclos

29、ures)provides enhanced disclosures about risk management activity.IFRS .IFRS 14 Regulatory Deferral AccountsIFRS 14 Regulatory Deferral Accounts was issued in January 2014. It defines regulatory deferralaccount balances as amounts of expense or income that would not be recognised as assets orliabili

30、ties in accordance with other Standards, but that qualify to be deferred in accordancewith IFRS 14 because the amount is included, or is expected to be included, by the rateregulator in establishing the price(s) that an entity can charge to customers forrate-regulated goods or services, such as gas,

31、 electricity and water. The scope of IFRS 14 islimited to first-time adopters that recognised regulatory deferral account balances in theirfinancial statements in accordance with their previous GAAP. The Standard permits suchentities to continue to account for regulatory deferral account balances in

32、 their first andsubsequent IFRS financial statements in accordance with their previous GAAP, but mustpresent them separately. IFRS 14 is effective for entities whose first annual IFRS financialstatements are for a period beginning on or after 1 January 2016. Earlier application ispermitted.IFRS 15 R

33、evenue from Contracts with CustomersIFRS 15 Revenue from Contracts with Customers was issued in May 2014. It establishes acomprehensive framework for determining when to recognise revenue and how muchrevenue to recognise. The core principle in that framework is that an entity shouldrecognise revenue

34、 to depict the transfer of promised goods or services to the customer in anamount that reflects the consideration to which the entity expects to be entitled inexchange for those goods or services. The Standard sets out five steps to follow: identify thecontract(s) with a customer; identify the perfo

35、rmance obligations in the contract;determine the transaction price; allocate the transaction price to the performanceobligations in the contract; and recognise revenue when (or as) the entity satisfies aperformance obligation. IFRS 15 is effective for annual reporting periods beginning on orafter 1

36、January 2017. Earlier application is permitted. IFRS 15 replaces IAS 11 ConstructionContracts and IAS 18 Revenue, IFRIC 13 Customer Loyalty Programmes, IFRIC 15 Agreement for theConstruction of Real Estate and IFRIC 18 Transfers of Assets from Customers and SIC-31RevenueBarter Transactions Involving

37、 Advertising Services.1 The new impairment model applies equally to off-balance sheet exposures such as loancommitments and financial guarantee contracts.Changes in this edition? IFRS FoundationA2Amendments to Standards issued as separate documentsAccounting for Acquisitions of Interests in Joint Op

38、erationsAccounting for Acquisitions of Interests in Joint Operations (Amendments to IFRS 11) wasissued in May 2014. IFRS 11 Joint Arrangements addresses the accounting for interests in jointventures and joint operations. The amendments add new guidance on how to account forthe acquisition of an inte

39、rest in a joint operation that constitutes a business. Theamendments specify the appropriate accounting treatment for such acquisitions. Theamendments are required to be applied to acquisitions occurring from the start of the firstannual period beginning on or after 1 January 2016. Earlier applicati

40、on is permitted.Clarification of Acceptable Methods of Depreciation andAmortisationClarification of Acceptable Methods of Depreciation and Amortisation (Amendments to IAS 16 andIAS 38) was issued in May 2014. IAS 16 Property, Plant and Equipment and IAS 38 IntangibleAssets both establish the princip

41、le for the basis of depreciation and amortisation as being theexpected pattern of consumption of the future economic benefits of an asset. Thisamendment clarifies that the use of revenue-based methods to calculate the depreciation ofan asset is not appropriate because revenue generated by an activit

42、y that includes the use ofan asset generally reflects factors other than the consumption of the economic benefitsembodied in the asset. It also clarifies that revenue is generally presumed to be aninappropriate basis for measuring the consumption of the economic benefits embodied inan intangible ass

43、et. This presumption, however, can be rebutted in certain limitedcircumstances. The amendments are required to be applied for annual periods beginningon or after 1 January 2016. Earlier application is permitted.Agriculture: Bearer PlantsAgriculture: Bearer Plants (Amendments to IAS 16 and IAS 41) wa

44、s issued in June 2014. Beforethese amendments IAS 41 Agriculture required all biological assets related to agriculturalactivity to be measured at fair value less costs to sell based on the principle that theirbiological transformation is best reflected by fair value measurement. However, there is as

45、ubset of biological assets, known as bearer plants, which are used solely to grow produceover several periods. At the end of their productive lives they are usually scrapped. Plantssuch as grape vines, rubber trees and oil palms will normally meet the definition of a bearerplant. Once a bearer plant

46、 is mature, apart from bearing produce, its biologicaltransformation is no longer significant in generating future economic benefits. The onlysignificant future economic benefits it generates come from the agricultural produce that itcreates. The IASB decided that bearer plants should be accounted f

47、or in the same way asproperty, plant and equipment in IAS 16 Property, Plant and Equipment, because theiroperation is similar to that of manufacturing. Consequently, the amendments includethem within the scope of IAS 16, instead of IAS 41. The produce growing on bearer plantsremains within the scope

48、 of IAS 41. The amendments are required to be applied for annualperiods beginning on or after 1 January 2016. Earlier application is permitted.Equity Method in Separate Financial StatementsEquity Method in Separate Financial Statements (Amendments to IAS 27) was issued in August2014. The amendments

49、to IAS 27 Separate Financial Statements will allow entities to use theequity method to account for investments in subsidiaries, joint ventures and associates inChanges in this edition? IFRS Foundation A3their separate financial statements. The amendments are required to be applied for annualperiods beginning on or after 1 January 2016 retrospectively in accordance with IAS 8Accounting Policies, Changes in Accounting Estimates and Errors. Earli