This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Updated EFRAG endorsement status report includes newly issued amendments to IAS 16 and IAS 41

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

30 Jun 2014

The European Financial Reporting Advisory Group (EFRAG) has updated its Endorsement Status Report to include 'Agriculture: Bearer Plants (Amendments to IAS 16 and IAS 41)' bringing bearer plants into the scope of IAS 16.

The IASB issued the amendments to IAS 16 Property, Plant and Equipment and IAS 41 Agriculture on 30 June 2014. They are effective for annual periods beginning on or after 1 January 2016, with earlier application being permitted. The updated status report indicates that final endorsement of the amendments for use in the European Union is currently expected in the first quarter of 2015.

The endorsement status report, dated 30 June 2014, is available here.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.