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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 pronouncements.

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 loans 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
  • Amendments resulting from Annual Improvements 2011-2013 Cycle (meaning of effective IFRSs)
December 2013 Amendment to the basis for conclusions only
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
  • Amendments resulting from Annual Improvements 2010-2012 Cycle (definition of 'vesting condition')
December 2013 Annual periods beginning on or after 1 July 2014
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
  • Amendments resulting from Annual Improvements 2010-2012 Cycle (accounting for contingent consideration)
December 2013 Annual periods beginning on or after 1 July 2014
  • Amendments resulting from Annual Improvements 2011-2013 Cycle (scope exception for joint ventures)
December 2013 Annual periods beginning on or after 1 July 2014
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
  • Amendments resulting from September 2014 Annual Improvements to IFRSs
September 2014 Annual periods beginning on or after 1 January 2016
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
(The effective date of IFRS 9 was subsequently removed, see IFRS 9 below)
  • Additional hedge accounting disclosures (and consequential amendments) resulting from the introduction of the hedge accounting chapter in IFRS 9
November 2013 Applies when IFRS 9 is applied
(At the time of issue of the revised version of IFRS 9 including the hedge accounting chapter, IFRS 9 had no stated mandatory effective date, see below)
  • Amendments resulting from September 2014 Annual Improvements to IFRSs
September 2014 Annual periods beginning on or after 1 January 2016
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
  • Amendments resulting from Annual Improvements 2010-2012 Cycle (aggregation of segments, reconciliation of segment assets)
December 2013 Annual periods beginning on or after 1 July 2014
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 and then removed. This version of the standard is superseded by IFRS 9 (2014), but remains available for application if the relevant date of initial application is before 1 February 2015)
  • 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 and then removed. This version of the standard is superseded by IFRS 9 (2014), but remains available for application if the relevant date of initial application is before 1 February 2015)
  • Deferral of mandatory effective date of IFRS 9 and amendments to transition disclosures
December 2011 Annual periods beginning on or after 1 January 2015
(Effective date subsequently removed. This version of the standard is superseded by IFRS 9 (2014), but remains available for application if the relevant date of initial application is before 1 February 2015)
  • Reissue to incorporate a hedge accounting chapter and permit the early application of the requirements for presenting in other comprehensive income the 'own credit' gains or losses on financial liabilities designated under the fair value option without early applying the other requirements of IFRS 9
November 2013 Contains no stated effective date and includes consequential amendments which remove the mandatory effective date of IFRS 9 (2010) and IFRS 9 (2009), leaving the effective date open but allowing each version of the standard to be available for application
Note: IFRS 9 (2014) supersedes IFRS 9 (2013), but this standard remains available for application if the relevant date of initial application is before 1 February 2015.
  • Finalised version, incorporating requirements for classification and measurement, impairment, general hedge accounting and derecognition.
July 2014 Effective for annual periods beginning on or after 1 January 2018
Note:IFRS 9 (2014) supersedes IFRS 9 (2009), IFRS 9 (2010) and IFRS 9 (2013), but these standards remain available for application if the relevant date of initial application is before 1 February 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
  • Amendments regarding the sale or contribution of assets between an investor and its associate or joint venture
September 2014 Annual periods beginning on or after 1 January 2016
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
  • Amendments regarding the accounting for acquisitions of an interest in a joint operation
May 2014 Annual periods beginning on or after 1 January 2016
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
  • Amendments resulting from Annual Improvements 2010-2012 Cycle (short-term receivables and payables)
December 2013 Amendments to basis for conclusions only
  • Amendments resulting from Annual Improvements 2011-2013 Cycle (scope of the portfolio exception in paragraph 52)
December 2013 Annual periods beginning on or after 1 July 2014
IFRS 14 Regulatory Deferral Accounts
  • Original issue
January 2014 Applies to an entity's first annual IFRS financial statements for a period beginning on or after 1 January 2016
IFRS 15 Revenue from Contracts with Customers
  • Original issue
May 2014 Applies to an entity's first annual IFRS financial statements for a period beginning on or after 1 January 2017
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
  • Amendments resulting from Annual Improvements 2010-2012 Cycle (proportionate restatement of accumulated depreciation on revaluation)
December 2013 Annual periods beginning on or after 1 July 2014
  • Amendments regarding the clarification of acceptable methods of depreciation and amortisation
May 2014 Annual periods beginning on or after 1 January 2016
  • Amendments bringing bearer plants into the scope of IAS 16
June 2014 Annual periods beginning on or after 1 January 2016
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
  • Amended to clarify the requirements that relate to how contributions from employees or third parties that are linked to service should be attributed to periods of service
November 2013 Annual periods beginning on or after 1 July 2014
  • Amendments resulting from September 2014 Annual Improvements to IFRSs
September 2014 Annual periods beginning on or after 1 January 2016
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
  • Amendments resulting from Annual Improvements 2010-2012 Cycle (management entities)
December 2013 Annual periods beginning on or after 1 July 2014
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
  • Amendments reinstating the equity method as an accounting option for investments in in subsidiaries, joint ventures and associates in an entity's separate financial statements
August 2014 Annual periods beginning on or after 1 January 2016
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
  • Amendments regarding the sale or contribution of assets between an investor and its associate or joint venture
September 2014 Annual periods beginning on or after 1 January 2016
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
  • Amendments resulting from September 2014 Annual Improvements to IFRSs
September 2014 Annual periods beginning on or after 1 January 2016
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
  • Amendments resulting from Annual Improvements 2010-2012 Cycle (proportionate restatement of accumulated depreciation on revaluation)
December 2013 Annual periods beginning on or after 1 July 2014
  • Amendments regarding the clarification of acceptable methods of depreciation and amortisation
May 2014 Annual periods beginning on or after 1 January 2016
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
  • Amendments for novations of derivatives
June 2013 Annual periods beginning on or after 1 January 2014
  • Amendments to permit an entity to elect to continue to apply the hedge accounting requirements in IAS 39 for a fair value hedge of the interest rate exposure of a portion of a portfolio of financial assets or financial liabilities when IFRS 9 is applied, and to extend the fair value option to certain contracts that meet the 'own use' scope exception
November 2013 Applies when IFRS 9 is applied
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
  • Amendments resulting from Annual Improvements 2011-2013 Cycle (interrelationship between IFRS 3 and IAS 40)
December 2013 Annual periods beginning on or after 1 July 2014
IAS 41 Agriculture
  • Amendments resulting from May 2008 Annual Improvements to IFRSs
May 2008 Annual periods beginning on or after 1 January 2009
  • Amendments bringing bearer plants into the scope of IAS 16
June 2014 Annual periods beginning on or after 1 January 2016

Information about effective dates of recent Interpretations.

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