Changes in this edition BV2009.doc

此文档收集于网络，如有侵权，请联系网站删除Changes in this editionThis section is a brief guide to the changes since the 2008 edition that are incorporated in this edition of the Bound Volume of International Financial Reporting Standards. IntroductionThe main changes in this collection are the inclusion of: one revised standardIFRS 1 amendments to IFRSs that were issued as separate documents amendments to IFRSs issued in the first annual improvements projectamendments to other IFRSs resulting from those revised or amended standardsthree new InterpretationsIFRICs 1517.The version of IFRS 1 that is being superseded by the new version has been omitted. New pronouncementsDetails of the revised standard, new Interpretations and amendments to IFRSs included in this edition are as follows.IFRS 1A revised version of IFRS 1 First-time Adoption of International Financial Reporting Standards was issued in November 2008. It supersedes IFRS 1 First-time Adoption of International Financial Reporting Standards (as issued in 2003 and amended at May 2008). The revised IFRS 1 is required to be applied from 1 July 2009. Earlier application is permitted.IFRICs 1517The three new Interpretations developed by the International Financial Reporting Interpretations Committee (IFRIC) and included in this edition are:IFRIC 15 Agreements for the Construction of Real EstateIFRIC 16 Hedges of a Net Investment in a Foreign OperationIFRIC 17 Distributions of Non-cash Assets to OwnersIFRIC 15 is required to be applied for annual periods beginning on or after 1 January 2009. IFRIC 16 is required to be applied from 1 October 2008; and IFRIC 17 from 1 July 2009. In each case, earlier application is permitted. Amendments to IFRSs issued as separate documentsAmendments to IAS 32 and IAS 1Puttable Financial Instruments and Obligations Arising on Liquidation (Amendments to IAS 32 and IAS 1) was issued in February 2008. The amendments are required to be applied from 1 January 2009. Earlier application is permitted. Amendments to IFRS 1 and IAS 27Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate (Amendments to IFRS 1 and IAS 27) was issued in May 2008. The amendments are required to be applied from 1 January 2009. Earlier application is permitted.Annual improvementsThe annual improvements project provides a vehicle for making non-urgent but necessary amendments to IFRSs. The first product from this project was issued in May 2008 as Improvements to IFRSs. Most of the miscellaneous amendments are required to be applied from 1 January 2009, but some have an effective date of 1 July 2009. In all cases earlier application is permitted.Amendment to IAS 39Eligible Hedged Items (Amendment to IAS 39) was issued in July 2008. The amendment is required to be applied from 1 July 2009. Earlier application is permitted.Amendments to IAS 39 and IFRS 7Reclassification of Financial Assets (Amendments to IAS 39 and IFRS 7) was issued in October 2008. The amendments are required to be applied from 1 July 2008. Subsequently, in November 2008 further amendments were issued as Reclassification of Financial AssetsEffective Date and Transition. Those amendments are also required to be applied from 1 July 2008.Other material that has changedIn IAS 19 Employee Benefits, for ease of reference and for conformity with the general practice in IFRSs, the appendices have been converted into a form consistent with other IFRSs. Their content remains unaltered.The Glossary of Terms has been revised.Minor editorial corrections to IFRSs (including necessary updating) have been made: a list of these is available on the Website.Up-to-date text of documentsThe text of IFRSs (including IASs and Interpretations) given in this collection is the latest consolidated version as at 31 December 2008. In some cases the effective date of the consolidated