IASB amends IAS 1 to add capital disclosures
18 Aug 2005
As part of its project to develop IFRS 7 Financial Instruments: Disclosures (see story above), the IASB decided also to amend IAS 1 Presentation of Financial Statements to add requirements for disclosures of: The entity's objectives, policies and processes for managing capital. Quantitative data about what the entity regards as capital. Whether the entity has complied with any capital requirements. If it has not complied, the consequences of such non-compliance. These disclosure requirements apply to all entities, effective for annual periods beginning on or after 1 January 2007, with earlier application encouraged.