Special Newsletter–Closing Out 2006
Dec 23, 2006
Deloitte's IFRS Global Office has published a special edition of our IAS Plus Newsletter titled (PDF 142k).
Effective for 31 December 2006 year ends | ||
|---|---|---|
New Standard | ||
IFRS 6 | Exploration for and Evaluation of Mineral Resources | January 2005 |
Amendments to Standards | ||
Amendment to IAS 19 | Actuarial Gains and Losses, Group Plans and Disclosures | None |
Amendment to IAS 21 | Net Investment in a Foreign Operation | None |
Amendment to IAS 39 | Cash Flow Hedge Accounting of Forecast Intragroup Transactions | None |
Amendment to IAS 39 | The Fair Value Option | July 2005 |
Amendments to IAS 39 & IFRS 4 | Financial Guarantee Contracts | December 2005 |
New Interpretations | ||
IFRIC 4 | Determining whether an Arrangement Contains a Lease | December 2004 |
IFRIC 5 | Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds | December 2004 |
IFRIC 6 | Liabilities arising from Participation in a Specific Market–Waste Electrical and Electronic Equipment (effective for accounting periods beginning on or after 1 December 2005) | September 2005 |
Available for early adoption for 31 December 2006 year ends | |||
|---|---|---|---|
New Standards | Effective for accounting periods beginning on or after | ||
IFRS 7 | Financial Instruments: Disclosures | 1 January 2007 | October 2005 |
IFRS 8 | Operating Segments | 1 January 2009 | December 2006 |
Amendments to Standards | Effective for accounting periods beginning on or after | ||
Amendment to IAS 1 | Capital Disclosures | 1 January 2007 | October 2005 |
Revised Guidance on Implementing IFRS 4 | 1 January 2007 | None | |
New Interpretations | Effective for accounting periods beginning on or after | ||
IFRIC 7 | Applying the Restatement Approach under IAS 29, Financial Reporting in Hyperinflationary Economies | 1 March 2006 | December 2005 |
IFRIC 8 | Scope of IFRS 2 | 1 May 2006 | January 2006 |
IFRIC 9 | Reassessment of Embedded Derivatives | 1 June 2006 | March 2006 |
IFRIC 10 | Interim Financial Reporting and Impairment 1 | November 2006 | August 2006 |
IFRIC 11 | IFRS 2–Group and Treasury Share Transactions | 1 March 2007 | December 2006 |
IFRIC 12 | Service Concession Arrangements | 1 January 2008 | December 2006 |
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