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Effective dates of IFRSs and amendments

The tables below outline the effective dates of International Financial Reporting Standards, separately identifying the effective date of each significant amendment made to those standards.

Important note. This table does not include the effective dates of minor consequential amendments that are the result of new or revised IFRSs or IASs.

Conceptual Framework

PronouncementIssuedEffective date
Framework for the Preparation and Presentation of Financial Statements
  • Original issue
 1989 No stated effective date, therefore effective from date of issue
Conceptual Framework for Financial Reporting 2010
  • Original issue
 September 2010 No stated effective date, therefore effective from date of issue

International Financial Reporting Standards (IFRSs)

PronouncementIssuedEffective date
IFRS 1 First-time Adoption of International Financial Reporting Standards
  • Original issue
 2003 First IFRS financial statements for a period beginning on or after 1 January 2004
  • Amendment relating to IFRS 6
 Revised 2005 Annual periods beginning on or after 1 January 2006
  • Amendment relating to cost of an investment on first-time adoption
 Revised May 2008 Annual periods beginning on or after 1 January 2009
  • Revised and restructured
 Revised November 2008 Annual periods beginning on or after 1 July 2009
  • Amendments relating to oil and gas assets and determining whether an arrangement contains a lease
 Revised July 2009 Annual periods beginning on or after 1 January 2010
  • Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters
 Revised January 2010 Annual periods beginning on or after 1 July 2010
  • Amendments resulting from May 2010 Annual Improvements to IFRSs
 May 2010 Annual periods beginning on or after 1 January 2011
  • Replacement of 'fixed dates' for certain exceptions with 'the date of transition to IFRSs'
 December 2010 Annual periods beginning on or after 1 July 2011
  • Additional exemption for entities ceasing to suffer from severe hyperinflation
 December 2010 Annual periods beginning on or after 1 July 2011
  • Amendments for government loan with a below-market rate of interest when transitioning to IFRSs
 March 2012 Annual periods beginning on or after 1 January 2013
  • Amendments resulting from Annual Improvements 2009-2011 Cycle (repeat application, borrowing costs)
 May 2012 Annual periods beginning on or after 1 January 2013
IFRS 2 Share-based Payment
  • Original issue
 2004 Annual periods beginning on or after 1 January 2005
  • Amendment relating to vesting conditions and cancellations
 Revised 2008 Annual periods beginning on or after 1 January 2009
  • Amendments resulting from April 2009 Annual Improvements to IFRSs
 April 2009 Annual periods beginning on or after 1 July 2009
  • Amendments relating to group cash-settled share-based payment transactions
 June 2009 Annual periods beginning on or after 1 January 2010
IFRS 3 Business Combinations
  • Original issue
 2004 Business combinations after 31 March 2004
  • Comprehensive revision on applying the acquisition method
 Revised 2008 Annual periods beginning on or after 1 July 2009
  • Amendments resulting from May 2010 Annual Improvements to IFRSs
 May 2010 Annual periods beginning on or after 1 July 2010
IFRS 4 Insurance Contracts
  • Original issue
 2004 Annual periods beginning on or after 1 January 2005
  • Amendment for financial guarantee contracts
 Revised 2005 Annual periods beginning on or after 1 January 2006
IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
Original issue 2004 Annual periods beginning on or after 1 January 2005
  • Amendments resulting from May 2008 Annual Improvements to IFRSs
 Revised May 2008 Annual periods beginning on or after 1 July 2009
  • Amendments resulting from April 2009 Annual Improvements to IFRSs
 April 2009 Annual periods beginning on or after 1 January 2010
IFRS 6 Exploration for and Evaluation of Mineral Assets
  • Original issue
 2004 Annual periods beginning on or after 1 January 2006
IFRS 7 Financial Instruments: Disclosures
  • Original issue
 2005 Annual periods beginning on or after 1 January 2007
  • Amendments enhancing disclosures about fair value and liquidity risk
 Revised March 2009 Annual periods beginning on or after 1 January 2009
  • Amendments resulting from May 2010 Annual Improvements to IFRSs
 May 2010 Annual periods beginning on or after 1 January 2011
  • Amendments enhancing disclosures about transfers of financial assets
 October 2010 Annual periods beginning on or after 1 July 2011
  • Amendments related to the offsetting of assets and liabilities
 December 2011 Annual periods beginning on or after 1 January 2013 and interim periods within those periods
  • Deferral of mandatory effective date of IFRS 9 and amendments to transition disclosures
 December 2011 Annual periods beginning on or after 1 January 2015
IFRS 8 Operating Segments
  • Original issue
 2006 Annual periods beginning on or after 1 January 2009
  • Amendments resulting from April 2009 Annual Improvements to IFRSs
 April 2009 Annual periods beginning on or after 1 January 2010
IFRS 9 Financial Instruments
  • Original issue (Classification and measurement of financial assets)
 November 2009 Annual periods beginning on or after 1 January 2013
(Effective date subsequently deferred, see below)
  • Reissue to include requirements for the classification and measurement of financial liabilities and incorporate existing derecognition requirements
 October 2010 Annual periods beginning on or after 1 January 2013
(Effective date subsequently deferred, see below)
  • Deferral of mandatory effective date of IFRS 9 and amendments to transition disclosures
 December 2011 Annual periods beginning on or after 1 January 2015
IFRS 10 Consolidated Financial Statements
  • Original issue
 May 2011 Annual periods beginning on or after 1 January 2013
  • Amendments to transitional guidance
 June 2012 Annual periods beginning on or after 1 January 2013
  • Amendments for investment entities
 October 2012 Annual periods beginning on or after 1 January 2014
IFRS 11 Joint Arrangements
  • Original issue
 May 2011 Annual periods beginning on or after 1 January 2013
  • Amendments to transitional guidance
 June 2012 Annual periods beginning on or after 1 January 2013
IFRS 12 Disclosure of Interests in Other Entities
  • Original issue
 May 2011 Annual periods beginning on or after 1 January 2013
  • Amendments to transitional guidance
 June 2012 Annual periods beginning on or after 1 January 2013
  • Amendments for investment entities
 October 2012 Annual periods beginning on or after 1 January 2014
IFRS 13 Fair Value Measurement
  • Original issue
 May 2011 Annual periods beginning on or after 1 January 2013
International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs)
  • Original issue
 2009 Effective immediately on issue

International Accounting Standards (IASs)

PronouncementIssuedEffective date
IAS 1 Presentation of Financial Statements
  • Original issue
 2003 Annual periods beginning on or after 1 January 2005
  • Amendment to add disclosures about an entity's capital
 2005 Annual periods beginning on or after 1 January 2007
  • Comprehensive revision including requiring a statement of comprehensive income
 2007 Annual periods beginning on or after 1 January 2009
  • Amendments relating to disclosure of puttable instruments and obligations arising on liquidation
 2008 Annual periods beginning on or after 1 January 2009
  • Amendments resulting from May 2008 Annual Improvements to IFRSs
 May 2008 Annual periods beginning on or after 1 January 2009
  • Amendments resulting from April 2009 Annual Improvements to IFRSs
 April 2009 Annual periods beginning on or after 1 January 2010
  • Amendments resulting from May 2010 Annual Improvements to IFRSs
 May 2010 Annual periods beginning on or after 1 January 2011
  • Amendments to revise the way other comprehensive income is presented
 June 2011 Annual periods beginning on or after 1 July 2012
  • Amendments resulting from Annual Improvements 2009-2011 Cycle (comparative information)
 May 2012 Annual periods beginning on or after 1 January 2013
IAS 2 Inventories
  • Original issue
 2003 Annual periods beginning on or after 1 January 2005
IAS 7 Statement of Cash Flows
  • Original issue
 1992 Annual periods beginning on or after 1 January 1994
  • Amendments resulting from April 2009 Annual Improvements to IFRSs
 April 2009 Annual periods beginning on or after 1 January 2010
IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
  • Original issue
 2003 Annual periods beginning on or after 1 January 2005
IAS 10 Events after the Reporting Period
  • Original issue
 2003 Annual periods beginning on or after 1 January 2005
IAS 12 Income Taxes
  • Original issue
 1996 Annual periods beginning on or after 1 January 1998
  • Limited scope amendment (recovery of underlying assets)
 December 2010 Annual periods beginning on or after 1 January 2012
IAS 15 Information Reflecting the Effects of Changing Prices
  • Original issue
 2003 Withdrawn effective 1 January 2005
IAS 16 Property, Plant and Equipment
  • Original issue
 2003 Annual periods beginning on or after 1 January 2005
  • Amendments resulting from May 2008 Annual Improvements to IFRSs
 May 2008 Annual periods beginning on or after 1 January 2009
  • Amendments resulting from Annual Improvements 2009-2011 Cycle (servicing equipment)
 May 2012 Annual periods beginning on or after 1 January 2013
IAS 17 Leases
  • Original issue
 2003 Annual periods beginning on or after 1 January 2005
  • Amendments resulting from April 2009 Annual Improvements to IFRSs
 April 2009 Annual periods beginning on or after 1 January 2010
IAS 19 Employee Benefits
  • Amendment adding an option to recognise actuarial gains and losses in full, outside profit or loss, in a statement of changes in equity
 2004 Annual periods beginning on or after 1 January 2006
  • Amendments resulting from May 2008 Annual Improvements to IFRSs
 May 2008 Annual periods beginning on or after 1 January 2009
  • Amended standard resulting from the post-employment benefits and termination benefits projects
 Amended June 2011 Annual periods beginning on or after 1 January 2013
IAS 20 Government Grants and Disclosure of Government Assistance
  • Amendments resulting from May 2008 Annual Improvements to IFRSs
 May 2008 Annual periods beginning on or after 1 January 2009
IAS 21 The Effects of Changes in Foreign Exchange Rates
  • Original issue
 2003 Annual periods beginning on or after 1 January 2005
  • Minor amendment
 November 2005 Annual periods beginning on or after 1 January 2005
IAS 23 Borrowing Costs
  • Comprehensive revision to prohibit immediate expensing
 2007 Borrowing costs relating to qualifying assets for which the commencement date for capitalisation is on or after 1 January 2009
  • Amendments resulting from May 2008 Annual Improvements to IFRSs
 May 2008 Annual periods beginning on or after 1 January 2009
IAS 24 Related Party Disclosures
  • Original issue
 2003 Annual periods beginning on or after 1 January 2005
  • Revised definition of related parties
 November 2009 Annual periods beginning on or after 1 January 2011
IAS 27 Consolidated and Separate Financial Statements
  • Original issue
 2003 Annual periods beginning on or after 1 January 2005
  • Consequential amendments arising from amendments to IFRS 3
 2008 Annual periods beginning on or after 1 July 2009
  • Amendment relating to cost of an investment on first-time adoption
 Revised 2008 Annual periods beginning on or after 1 January 2009
  • Amendments resulting from May 2008 Annual Improvements to IFRSs
 May 2008 Annual periods beginning on or after 1 January 2009
  • Amendments resulting from May 2010 Annual Improvements to IFRSs
 May 2010 Annual periods beginning on or after 1 July 2010
IAS 27 Separate Financial Statements (as amended in 2011)
  • Original issue
 May 2011 Annual periods beginning on or after 1 January 2013
  • Amendments for investment entities
 October 2012 Annual periods beginning on or after 1 January 2014
IAS 28 Investments in Associates
  • Original issue
 2003 Annual periods beginning on or after 1 January 2005
  • Consequential amendments arising from amendments to IFRS 3
 2008 Annual periods beginning on or after 1 July 2009
  • Amendments resulting from May 2008 Annual Improvements to IFRSs
 May 2008 Annual periods beginning on or after 1 January 2009
IAS 28 Investments in Associates and Joint Ventures
  • Original issue
 May 2011 Annual periods beginning on or after 1 January 2013
IAS 29 Financial Reporting in Hyperinflationary Economies
  • Amendments resulting from May 2008 Annual Improvements to IFRSs
 May 2008 Annual periods beginning on or after 1 January 2009
IAS 31 Interests in Joint Ventures
  • Original issue
 2003 Annual periods beginning on or after 1 January 2005
  • Consequential amendments arising from amendments to IFRS 3
 2008 Annual periods beginning on or after 1 July 2009
  • Amendments resulting from May 2008 Annual Improvements to IFRSs
 May 2008 Annual periods beginning on or after 1 January 2009
IAS 32 Financial Instruments: Presentation
  • Original issue
 2003 Annual periods beginning on or after 1 January 2005
  • Disclosure requirements replaced by IFRS 7
 2005 Annual periods beginning on or after 1 January 2007
  • Amendments relating to puttable instruments and obligations arising on liquidation
 2008 Annual periods beginning on or after 1 January 2009
  • Amendments relating to classification of rights issues
 2009 Annual periods beginning on or after 1 February 2010
  • Amendments relating to the offsetting of assets and liabilities
 December 2011 Annual periods beginning on or after 1 January 2014
  • Amendments resulting from Annual Improvements 2009-2011 Cycle (tax effect of equity distributions)
 May 2012 Annual periods beginning on or after 1 January 2013
IAS 33 Earnings per Share
  • Original issue
 2003 Annual periods beginning on or after 1 January 2005
IAS 34 Interim Financial Reporting
  • Original issue
 1998 Annual periods beginning on or after 1 July 1999
  • Amendments resulting from May 2010 Annual Improvements to IFRSs
 May 2010 Annual periods beginning on or after 1 January 2011
  • Amendments resulting from Annual Improvements 2009-2011 Cycle (interim reporting of segment assets)
 May 2012 Annual periods beginning on or after 1 January 2013
IAS 36 Impairment of Assets
  • Original issue
 2004 Business combinations after 31 March 2004
  • Amendments resulting from May 2008 Annual Improvements to IFRSs
 May 2008 Annual periods beginning on or after 1 January 2009
  • Amendments resulting from April 2009 Annual Improvements to IFRSs
 April 2009 Annual periods beginning on or after 1 January 2010
  • Amendments arising from Recoverable Amount Disclosures for Non-Financial Assets
 May 2013 Annual periods beginning on or after 1 January 2014
IAS 38 Intangible Assets
  • Original issue
 2004 Business combinations after 31 March 2004
  • Amendments resulting from May 2008 Annual Improvements to IFRSs
 May 2008 Annual periods beginning on or after 1 January 2009
  • Amendments resulting from April 2009 Annual Improvements to IFRSs
 April 2009 Annual periods beginning on or after 1 July 2009
IAS 39 Financial Instruments: Recognition and Measurement
  • Comprehensive revisions
 2003 Annual periods beginning on or after 1 January 2005
  • Amendment for macro hedging
 2004 Annual periods beginning on or after 1 January 2005
  • Amendment for day 1 gain/loss transition
 2004 Annual periods beginning on or after 1 January 2005
  • Amendment for hedges of forecast intragroup transactions
 2004 Annual periods beginning on or after 1 January 2006
  • Amendment for fair value option
 2005 Annual periods beginning on or after 1 January 2006
  • Amendment for financial guarantee contracts
 2005 Annual periods beginning on or after 1 January 2006
  • Amendments resulting from May 2008 Annual Improvements to IFRSs
 May 2008 Annual periods beginning on or after 1 January 2009
  • Amendments for eligible hedged items
 July 2008 Annual periods beginning on or after 1 July 2009
  • Amendments for embedded derivatives when reclassifying financial instruments
 March 2009 Annual periods ending on or after 30 June 2009
  • Amendments resulting from April 2009 Annual Improvements to IFRSs
 April 2009 Annual periods beginning on or after 1 January 2010
IAS 40 Investment Property
  • Original issue
 2003 Annual periods beginning on or after 1 January 2005
  • Amendments resulting from May 2008 Annual Improvements to IFRSs
 May 2008 Annual periods beginning on or after 1 January 2009
IAS 41 Agriculture
  • Amendments resulting from May 2008 Annual Improvements to IFRSs
 May 2008 Annual periods beginning on or after 1 January 2009

Information about effective dates of recent Interpretations.

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