2022
- Effective date of 2018-2020 annual improvements cycle from 01 Jan, 2022 02:00 AM to 01 Jan, 2022 10:00 PM — London,
- On 14 May 2020, the IASB issued 'Annual Improvements to IFRS Standards 2018–2020'. The pronouncement contains amendments to four International Financial Reporting Standards (IFRSs) as result of the IASB's annual improvements project. The amendments are effective for annual reporting periods beginning on or after 1 January 2022.
- Effective date of IAS 1 amendments on classification from 01 Jan, 2023 02:00 AM to 01 Jan, 2023 10:00 PM — London,
- On 23 January 2020, the IASB issued 'Classification of Liabilities as Current or Non-current (Amendments to IAS 1)' providing a more general approach to the classification of liabilities under IAS 1 based on the contractual arrangements in place at the reporting date. The amendments are effective for annual reporting periods beginning on or after 1 January 2022.
- Effective date of IAS 16 amendments regarding proceeds before intended use from 01 Jan, 2022 02:00 AM to 01 Jan, 2022 10:00 PM — London,
- On 14 May 2020, the IASB issued 'Property, Plant and Equipment — Proceeds before Intended Use (Amendments to IAS 16)' regarding proceeds from selling items produced while bringing an asset into the location and condition necessary for it to be capable of operating in the manner intended by management. The amendments are effective for annual reporting periods beginning on or after 1 January 2022.
- Effective date of IAS 37 amendments regarding onerous contracts from 01 Jan, 2022 02:00 AM to 01 Jan, 2022 10:00 PM — London,
- On 14 May 2020, the IASB issued 'Onerous Contracts — Cost of Fulfilling a Contract (Amendments to IAS 37)' amending the standard regarding costs a company should include as the cost of fulfilling a contract when assessing whether a contract is onerous. The amendments are effective for annual reporting periods beginning on or after 1 January 2022.
- Effective date of IFRS 3 amendments updating a reference to the Conceptual Framework from 01 Jan, 2022 02:00 AM to 01 Jan, 2022 10:00 PM — London,
- On 14 May 2020, the IASB issued 'Reference to the Conceptual Framework (Amendments to IFRS 3)' with amendments to IFRS 3 'Business Combinations' that update an outdated reference in IFRS 3 without significantly changing its requirements. The amendments are effective for annual reporting periods beginning on or after 1 January 2022.