IFRS 19 Subsidiaries without Public Accountability: Disclosures is set out in paragraphs 1–276 and Appendices A–C. All the paragraphs have equal authority. Cross-references refer to paragraphs in IFRS 19 unless another IFRS Accounting Standard is specified by name. For example, ‘paragraph 7’, by itself, refers to ‘paragraph 7 of IFRS 19’. Definitions of terms are given in the Glossary for IFRS Accounting Standards. The Standard should be read in the context of its objective, the Basis for Conclusions, the Preface to IFRS Accounting Standards and the Conceptual Framework for Financial Reporting.
1 | IFRS 19 Subsidiaries without Public Accountability: Disclosures specifies the disclosure requirements an entity is permitted to apply instead of the disclosure requirements in other IFRS Accounting Standards. |
2 | An entity electing to apply this Standard applies the requirements in other IFRS Accounting Standards, except for the disclosure requirements. Instead, the entity applies the requirements in this Standard. |
3 | Therefore, unless specified otherwise (see paragraph 4), an entity applying this Standard need not apply the disclosure requirements in other IFRS Accounting Standards nor apply any statements about, or references to, those disclosure requirements. For example, paragraph 35 of IAS 12 Income Taxes contains requirements about the criteria for recognising a deferred tax asset arising from the carryforward of unused tax losses and tax credits. The paragraph ends with ‘in such circumstances, paragraph 82 requires disclosure of the amount of the deferred tax asset and the nature of the evidence supporting its recognition’. An entity that applies this Standard would not apply paragraph 82 of IAS 12. Such an entity need not apply the statement at the end of paragraph 35 of IAS 12 about paragraph 82. |
4 | Notwithstanding paragraphs 2–3:
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5 | In accordance with paragraph 19 of IFRS 18 Presentation and Disclosure in Financial Statements, an entity applying this Standard need not provide a specific disclosure required by this Standard if the information resulting from that disclosure would not be material. |
6 | An entity shall consider whether to provide additional disclosures when compliance with the specific requirements in this Standard is insufficient to enable users of financial statements to understand the effect of transactions and other events and conditions on the entity’s financial position and financial performance. |
7 | An entity may elect to apply this Standard in its consolidated, separate or individual financial statements if, and only if, at the end of the reporting period:
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8 | A ‘subsidiary’ and a ‘group’ are defined in Appendix A of IFRS 10 Consolidated Financial Statements. |
9 | An intermediate parent assesses its eligibility to apply this Standard in its separate financial statements, regardless of whether other group entities, or the group as a whole, have public accountability. |
10 | An intermediate parent that does not have public accountability and meets the other eligibility conditions in paragraph 7 may apply this Standard in its separate financial statements even if it does not apply this Standard in its consolidated financial statements. |
11 | An entity has public accountability if:
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12 | Some entities may hold assets in a fiduciary capacity for a broad group of outsiders because they hold and manage financial resources entrusted to them by clients, customers or members not involved in the management of the entity. However, if they do so for reasons incidental to a primary business (as, for example, may be the case for travel or real estate agents, schools, charitable organisations, co-operative enterprises requiring a nominal membership deposit, and sellers that receive payment in advance of delivery of goods or services such as utility companies), that does not make them publicly accountable. |
13 | An entity that elects to apply this Standard in one reporting period may later revoke that election. An entity may elect to apply this Standard more than once—for example, an entity that applied this Standard in a prior period but not in the immediately preceding period may elect to apply this Standard in the current period. [Refer:Basis for Conclusions paragraphs BC96–BC98]
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14 | An entity that applies this Standard in the current reporting period but not in the immediately preceding period shall provide comparative information (that is, information for the preceding period) for all amounts reported in the current period’s financial statements, unless this Standard or another IFRS Accounting Standard permits or requires otherwise. The entity shall include comparative information for narrative and descriptive information if it is necessary for an understanding of the current period’s financial statements. [Refer:Basis for Conclusions paragraphs BC99–BC100]
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15 | An entity that applied this Standard in the preceding reporting period—but elects not to (or is no longer eligible to) apply it in the current period and continues applying IFRS Accounting Standards—shall provide comparative information with respect to the preceding period for all amounts reported in the current period’s financial statements, unless another IFRS Accounting Standard permits or requires otherwise. The entity shall include comparative information for narrative and descriptive information if it is necessary for an understanding of the current period’s financial statements. The fact that this Standard did not require the disclosure of amounts in the preceding period for some items that are disclosed in the current period is not a reason to omit comparative information for these items. [Refer:Basis for Conclusions paragraphs B101–BC102]
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16 | The requirements for changes in accounting policies in IAS 8 Basis of Preparation of Financial Statements do not apply to electing or revoking an election to apply this Standard. [Refer:Basis for Conclusions paragraphs BC103–BC104]
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17 | An entity applies IFRS 1 First-time Adoption of International Financial Reporting Standards when it prepares its first IFRS financial statements, or when it is permitted to do so applying paragraph 4A of IFRS 1. An entity that applies this Standard when it prepares its first IFRS financial statements shall apply the disclosure requirements in paragraphs 21–30 of this Standard instead of the disclosure requirements in paragraphs 23–33 of IFRS 1. |
18 | Electing or revoking an election to apply this Standard does not, on its own, result in an entity meeting the definition of a first-time adopter of IFRS Accounting Standards in IFRS 1. For example, an entity that applied IFRS Accounting Standards, but not this Standard, in the immediately preceding reporting period and that applies this Standard in the current period is not a first-time adopter of IFRS Accounting Standards and shall not apply IFRS 1 in the current period. |
19 | Similarly, an entity revoking the election to apply this Standard in the current reporting period does not apply IFRS 1 in the current period if, in the immediately preceding period, it provided an explicit and unreserved statement of compliance with IFRS Accounting Standards as required by paragraph 20. |
20 | An entity whose financial statements comply with IFRS Accounting Standards and the requirements in this Standard shall make an explicit and unreserved statement of such compliance in the notes. An entity that applies this Standard shall, as part of that unreserved statement, state that it has applied this Standard. An entity applying this Standard shall not describe financial statements as complying with IFRS Accounting Standards unless the entity complies with the requirements in this Standard and all applicable requirements in other IFRS Accounting Standards. [Refer:Basis for Conclusions paragraphs BC61–BC63]
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21 | An entity shall explain how the transition from previous GAAP to IFRS Accounting Standards affected its reported financial position, financial performance and cash flows.
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22 | An entity that has applied IFRS Accounting Standards in a previous period, as described in paragraph 4A of IFRS 1, shall disclose:
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23 | When an entity, in accordance with paragraph 4A of IFRS 1, does not elect to apply IFRS 1, the entity shall explain the reasons for electing to apply IFRS Accounting Standards as if it had never stopped applying IFRS Accounting Standards.
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24 | To comply with paragraph 21, an entity’s first IFRS financial statements shall include:
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25 | If an entity becomes aware of errors made under previous GAAP in the reconciliations required by paragraph 24, it shall distinguish the correction of those errors from changes in accounting policies. |
26 | If, during the period covered by its first IFRS financial statements, an entity changes its accounting policies or its use of the exemptions contained in IFRS 1, it shall explain the changes between its first IFRS interim financial report and its first IFRS financial statements in accordance with paragraph 21, and it shall update the reconciliations required by paragraph 24. |
27 | If an entity did not present financial statements for previous periods, its first IFRS financial statements shall disclose that fact.
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28 | To comply with paragraph 21, if an entity presents an interim financial report in accordance with IAS 34 Interim Financial Reporting for part of the period covered by its first IFRS financial statements, the entity shall satisfy the requirements of IAS 34, unless stated otherwise, as well as these requirements:
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29 | If a first‑time adopter did not, in its most recent annual financial statements in accordance with previous GAAP, disclose information material to an understanding of the current interim period, its interim financial report shall disclose that information or include a cross‑reference to another published document that includes it.
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30 | If an entity applies paragraph D2 of IFRS 1, it shall apply the disclosure requirements in that paragraph. |
31 | An entity shall disclose:
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32 | An entity shall disclose information that enables users of the financial statements to understand how the fair value of the goods or services received, or the fair value of the equity instruments granted, during the reporting period was determined.
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33 | For share-based payment arrangements that were modified during the reporting period, an entity shall explain those modifications.
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34 | An entity shall disclose:
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35 | The acquirer shall disclose, for each business combination that occurs during the reporting period:
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36 | The acquirer shall disclose, for each reporting period after the acquisition date until the entity collects, sells or otherwise loses the right to a contingent consideration asset, or until the entity settles a contingent consideration liability or the liability is cancelled or expires:
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37 | The acquirer shall disclose a reconciliation (comparative information is not required) of the carrying amount of goodwill at the beginning and end of the reporting period showing separately:
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38 | An entity shall disclose, in the notes in the reporting period in which a non-current asset (or disposal group) has been either classified as held for sale or sold:
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39 | If either paragraph 26 of IFRS 5 or paragraph 29 of IFRS 5 applies, an entity shall disclose, in the reporting period of the decision to change the plan to sell the non-current asset (or disposal group), a description of the facts and circumstances leading to the decision and the effect of the decision on the results of operations for the period and any prior periods presented.
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40 | An entity shall apply the disclosure requirements in paragraphs 12, 13, 33(a), 33(c) and 34 of IFRS 5. The reference to paragraph 33 in paragraph 13 of IFRS 5 shall be read by the entity as referring to paragraphs 33(a) and 33(c) of IFRS 5. |
41 | An entity shall treat exploration and evaluation assets as a separate class of assets and make the disclosures required by either paragraphs 200–202 (under subheading IAS 16 Property, Plant and Equipment) or paragraphs 263–266 (under subheading IAS 38 Intangible Assets), consistent with how the assets are classified.
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42 | Paragraphs 3–5D of IFRS 7 Financial Instruments: Disclosures set out the scope of IFRS 7, that is, the financial instruments, contracts to buy or sell a non-financial item and rights to which the disclosure requirements in IFRS 7 apply. An entity applying this Standard shall apply paragraphs 3–5D of IFRS 7 to determine the scope of the disclosure requirements in paragraphs 43–73. The references in:
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43 | An entity shall disclose information that enables users of its financial statements to evaluate the significance of financial instruments for its financial position and performance.
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44 | The carrying amounts of each of the following categories, as specified in IFRS 9 Financial Instruments, shall either be presented in the statement of financial position or disclosed in the notes:
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45 | If the entity has designated a financial liability as at fair value through profit or loss in accordance with paragraph 4.2.2 of IFRS 9 and is required to present the effects of changes in that liability’s credit risk in other comprehensive income (see paragraph 5.7.7 of IFRS 9), it shall disclose:
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46 | If an entity has designated a financial liability as at fair value through profit or loss in accordance with paragraph 4.2.2 of IFRS 9 and is required to present all changes in the fair value of that liability (including the effects of changes in the credit risk of the liability) in profit or loss (see paragraphs 5.7.7 and 5.7.8 of IFRS 9), it shall disclose:
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47 | An entity shall disclose if, in the current or previous reporting periods, it has reclassified any financial assets in accordance with paragraph 4.4.1 of IFRS 9. For each such event, an entity shall disclose:
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48 | For each reporting period following reclassification until derecognition, an entity shall disclose, for assets reclassified out of the fair value through profit or loss category so that they are measured at amortised cost or fair value through other comprehensive income in accordance with paragraph 4.4.1 of IFRS 9:
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49 | An entity shall, at the end of the reporting period, disclose separately the gross amounts of those recognised financial assets and recognised financial liabilities that are set off in accordance with paragraph 42 of IAS 32 Financial Instruments: Presentation.
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50 | Financial instruments disclosed in accordance with paragraph 49 may be subject to different measurement requirements (for example, a payable related to a repurchase agreement may be measured at amortised cost, while a derivative will be measured at fair value). An entity shall include financial instruments at their recognised amounts and describe any resulting measurement differences in the related disclosures.
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51 | An entity shall disclose:
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52 | The carrying amount of financial assets measured at fair value through other comprehensive income in accordance with paragraph 4.1.2A of IFRS 9 is not reduced by a loss allowance and an entity shall not present the loss allowance separately in the statement of financial position as a reduction of the carrying amount of the financial asset. However, an entity shall disclose the loss allowance in the notes. |
53 | If an entity has issued an instrument that contains both a liability and an equity component (see paragraph 28 of IAS 32) and the instrument has multiple embedded derivatives whose values are interdependent (such as a callable convertible debt instrument), it shall disclose the existence of those features.
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54 | For loans payable recognised at the end of the reporting period, an entity shall disclose:
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55 | If, during the period, there were breaches of loan agreement terms other than those described in paragraph 54, an entity shall disclose the same information as required by paragraph 54 if those breaches permitted the lender to demand accelerated repayment (unless the breaches were remedied, or the terms of the loan were renegotiated, on or before the end of the reporting period).
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56 | An entity shall either present, subject to the presentation requirements in IFRS 18, these items of income, expense, gains or losses in the statement of comprehensive income or disclose them in the notes:
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56A | An entity shall disclose the information required by paragraph 56B by class of financial assets measured at amortised cost or fair value through other comprehensive income and by class of financial liabilities measured at amortised cost. The entity shall consider how much detail to disclose, the appropriate level of aggregation or disaggregation, and whether users of financial statements need additional explanations to evaluate any quantitative information disclosed.
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56B | To enable users of financial statements to understand the effect of contractual terms that could change the amount of contractual cash flows based on the occurrence (or non-occurrence) of a contingent event that does not relate directly to changes in basic lending risks and costs (such as the time value of money or credit risk), an entity shall disclose:
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56C | For example, an entity shall disclose the information required by paragraph 56B for a class of financial liabilities measured at amortised cost whose contractual cash flows change if the entity achieves a reduction in its carbon emissions. |
57 | In accordance with paragraph 176, an entity shall disclose material accounting policy information. Information about the measurement basis (or bases) for financial instruments used in preparing the financial statements is expected to be material accounting policy information.
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58 | An entity shall disclose separately, for each category of risk exposures that it decides to hedge and for which hedge accounting is applied, a description of:
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59 | When an entity designates a specific risk component as a hedged item (see paragraph 6.3.7 of IFRS 9), it shall provide qualitative or quantitative information about how the entity determined the risk component that is designated as the hedged item (including a description of the nature of the relationship between the risk component and the item as a whole).
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60 | An entity shall disclose, in a table, these amounts related to items designated as hedging instruments separately by risk category for each type of hedge (fair value hedge, cash flow hedge or hedge of a net investment in a foreign operation):
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61 | An entity shall disclose, in a table, these amounts related to hedged items separately by risk category for the types of hedges as follows:
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62 | An entity shall disclose, in a table, these amounts separately by risk category for the types of hedges:
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63 | For hedging relationships to which an entity applies the exceptions set out in paragraphs 6.8.4–6.8.12 of IFRS 9 or paragraphs 102D–102N of IAS 39 Financial Instruments: Recognition and Measurement, an entity shall disclose:
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64 | In some cases, an entity does not recognise a gain or loss on initial recognition of a financial asset or financial liability because the fair value is neither evidenced by a quoted price in an active market for an identical asset or liability (a Level 1 input), nor based on a valuation technique that uses only data from observable markets (see paragraph B5.1.2A of IFRS 9). In such cases, the entity shall disclose by class of financial asset or financial liability:
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64A | An entity shall disclose in a single note in its financial statements information about its contracts referencing nature-dependent electricity that meet the criteria set out in paragraph 5B of IFRS 7. An entity shall disclose:
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64B | An entity shall disaggregate, for its contracts that meet the criteria set out in paragraph 5C of IFRS 7, the amounts the entity discloses, by risk category, related to items designated as hedging instruments in accordance with paragraph 60.
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64C | If an entity discloses information about other contracts referencing nature-dependent electricity as described in paragraph 5D of IFRS 7 (including those contracts described in paragraph 64B of this Standard) in other notes in its financial statements, the entity shall include cross-references to those notes in the single note required by paragraph 64A.
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65 | An entity shall explain the inputs, assumptions and estimation techniques used to apply the requirements in Section 5.5 of IFRS 9. For this purpose an entity shall disclose:
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66 | To explain the changes in the loss allowance and the reasons for those changes, an entity shall provide, in a table, by class of financial instrument, a reconciliation from the opening balance to the closing balance of the loss allowance, showing separately the changes during the reporting period for:
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67 | For loan commitments and financial guarantee contracts, the loss allowance is recognised as a provision. An entity should disclose information about the changes in the loss allowance for financial assets separately from those for loan commitments and financial guarantee contracts. However, if a financial instrument includes both a loan (financial asset) and an undrawn commitment (loan commitment) component and the entity cannot separately identify the expected credit losses on the loan commitment component from those on the financial asset component, the expected credit losses on the loan commitment should be recognised together with the loss allowance for the financial asset. To the extent that the combined expected credit losses exceed the gross carrying amount of the financial asset, the expected credit losses should be recognised as a provision.
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68 | The disclosure requirements in paragraphs 69–71 are applicable only to an entity that provides financing to customers as a main business activity, as described in IFRS 18. |
69 | An entity shall disclose information that enables users of financial statements to understand and evaluate:
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70 | An entity shall provide an explanation of how significant changes in the gross carrying amount of financial instruments during the period contributed to changes in the loss allowance. The information shall be provided separately for financial instruments that represent the loss allowance as listed in paragraph 66(a)–(c) and shall include relevant qualitative and quantitative information. Examples of changes in the gross carrying amount of financial instruments that contributed to the changes in the loss allowance may include:
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71 | An entity shall disclose, by credit risk rating grades, the gross carrying amount of financial assets and the exposure to credit risk on loan commitments and financial guarantee contracts. An entity shall provide this information separately for financial instruments:
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72 | An entity shall disclose:
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73 | An entity may have transferred financial assets in such a way that part or all of the transferred financial assets do not qualify for derecognition. The entity shall disclose, at each reporting date, for each class of transferred financial assets that are not derecognised in their entirety:
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74 | Paragraphs 5–6 of IFRS 12 Disclosure of Interests in Other Entities set out the scope of IFRS 12, that is, the interests in other entities to which the disclosure requirements in IFRS 12 apply. An entity applying this Standard shall apply paragraphs 5–6 of IFRS 12 to determine the scope of the disclosure requirements in paragraphs 75–94 of this Standard. However:
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75 | An entity shall disclose information separately for interests in:
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76 | When the financial statements of a subsidiary used in the preparation of consolidated financial statements are as of a date or for a period that is different from that of the consolidated financial statements (see paragraphs B92–B93 of IFRS 10), an entity shall disclose the date of the end of the reporting period of the financial statements of that subsidiary.
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77 | An entity shall disclose significant restrictions (for example, statutory, contractual and regulatory restrictions) on its ability to access or use the assets and settle the liabilities of the group, such as:
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78 | An entity shall disclose the terms of any contractual arrangements that could require the parent or its subsidiaries to provide financial support to a consolidated structured entity, including events or circumstances that could expose the reporting entity to a loss (for example, liquidity arrangements or credit rating triggers associated with obligations to purchase assets of the structured entity or provide financial support).
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79 | If during the reporting period a parent or any of its subsidiaries has, without having a contractual obligation to do so, provided financial or other support to a consolidated structured entity (for example, purchasing assets of or instruments issued by the structured entity), the entity shall disclose:
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80 | An entity shall disclose any current intentions to provide financial or other support to a consolidated structured entity, including intentions to assist the structured entity in obtaining financial support.
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81 | An entity shall disclose the gain or loss, if any, calculated in accordance with paragraph 25 of IFRS 10, and:
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82 | When a parent determines that it is an investment entity in accordance with paragraph 27 of IFRS 10 and it does not have one or more of the typical characteristics of an investment entity (see paragraph 28 of IFRS 10), it shall disclose its reasons for concluding that it is nevertheless an investment entity.
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83 | When an entity becomes, or ceases to be, an investment entity, it shall disclose the change of investment entity status and the reasons for the change. In addition, an entity that becomes an investment entity shall disclose the effect of the change of status on the financial statements for the period presented, including:
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84 | An investment entity that, in accordance with IFRS 10, is required to apply the exception to consolidation and instead account for its investment in a subsidiary at fair value through profit or loss shall disclose that fact.
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85 | An investment entity shall disclose:
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86 | If, during the reporting period, an investment entity or any of its subsidiaries has, without having a contractual obligation to do so, provided financial or other support to an unconsolidated subsidiary (for example, purchasing assets of, or instruments issued by, the subsidiary or assisting the subsidiary in obtaining financial support), the entity shall disclose:
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87 | An investment entity shall disclose the terms of any contractual arrangements that could require the entity or its unconsolidated subsidiaries to provide financial support to an unconsolidated, controlled, structured entity, including events or circumstances that could expose the reporting entity to a loss (for example, liquidity arrangements or credit rating triggers associated with obligations to purchase assets of the structured entity or to provide financial support).
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88 | An entity shall disclose, for each joint venture and associate that is material to the reporting entity:
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89 | An entity shall disclose, in aggregate, the carrying amount of its interests in joint ventures or associates accounted for using the equity method. An entity shall also disclose separately the aggregate amount of its share of those joint ventures’ or associates’:
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90 | An investment entity need not provide the disclosures required by paragraphs 88–89. |
91 | An entity shall disclose the total commitments it has made but not recognised at the reporting date (including its share of commitments made jointly with other investors with joint control of a joint venture) relating to its interests in joint ventures. Commitments may give rise to a future outflow of cash or other resources. |
92 | If during the reporting period an entity has, without having a contractual obligation to do so, provided financial or other support to an unconsolidated structured entity in which it previously had or currently has an interest (for example, purchasing assets of, or instruments issued by, the structured entity), the entity shall disclose:
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93 | An entity shall disclose any current intentions to provide financial or other support to an unconsolidated structured entity, including intentions to assist the structured entity in obtaining financial support.
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94 | An investment entity need not provide the disclosures required by paragraphs 92–93 for an unconsolidated structured entity that it controls and for which it presents the disclosures required by paragraphs 84–87. |
95 | An entity shall disclose, for each class of assets and liabilities (see paragraph 94 of IFRS 13 for information on determining appropriate classes of assets and liabilities) measured at fair value (including measurements based on fair value within the scope of IFRS 13) in the statement of financial position after initial recognition:
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96 | If an entity makes an accounting policy decision to use the exception in paragraph 48 of IFRS 13, it shall disclose that fact.
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97 | An entity shall present the quantitative disclosures required by paragraph 95 in a table unless another format is more appropriate. |
98 | An entity shall disclose, for each type of rate-regulated activity:
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99 | The disclosures required by paragraph 98 shall be given in the financial statements either directly in the notes or incorporated by cross-reference from the financial statements to some other statement, such as a management commentary or risk report, that is available to users of the financial statements on the same terms as the financial statements and at the same time. If the information is not included in the financial statements directly or incorporated by cross-reference, the financial statements are incomplete.
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100 | An entity shall disclose the basis on which regulatory deferral account balances are recognised and derecognised and how they are measured initially and subsequently, including how regulatory deferral account balances are assessed for recoverability and how any impairment loss is allocated.
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101 | For each type of rate-regulated activity, an entity shall disclose, for each class of regulatory deferral account balance, a reconciliation of the carrying amount at the beginning and the end of the reporting period in a table, unless another format is more appropriate. The entity shall apply judgement in deciding the level of detail necessary (see paragraphs 28–29 of IFRS 14 Regulatory Deferral Accounts), but these components would usually be relevant:
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102 | When an entity concludes that a regulatory deferral account balance is no longer fully recoverable or reversible, it shall disclose that fact, the reason why it is not recoverable or reversible and the amount by which the regulatory deferral account balance has been reduced.
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103 | An entity shall disaggregate revenue recognised from contracts with customers into categories that depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. Examples of categories that might be appropriate include:
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104 | In addition, an entity shall disclose sufficient information to enable users of financial statements to understand the relationship between the disclosure of disaggregated revenue (in accordance with paragraph 103) and revenue information that is disclosed for each reportable segment, if the entity applies IFRS 8.
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105 | An entity shall disclose:
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106 | Unless presented separately in the statement of comprehensive income in accordance with other IFRS Accounting Standards, an entity shall disclose any impairment losses recognised for the reporting period (in accordance with IFRS 9) on any receivables or contract assets arising from an entity’s contracts with customers, which the entity shall disclose separately from impairment losses from other contracts.
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107 | An entity shall disclose information about its performance obligations in contracts with customers, including a description of:
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108 | An entity shall disclose:
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109 | As a practical expedient, an entity need not disclose the information in paragraph 108 for a performance obligation if either of the following conditions is met:
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110 | An entity shall disclose the judgements, and changes in the judgements, made in applying IFRS 15 that significantly affect the determination of the amount and timing of revenue from contracts with customers.
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111 | For performance obligations that an entity satisfies over time, an entity shall disclose the methods used to recognise revenue (for example, a description of the output methods or input methods used and how those methods are applied).
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112 | An entity shall disclose information about the methods, inputs and assumptions used for assessing whether an estimate of variable consideration is constrained.
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113 | An entity shall disclose:
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114 | If an entity elects to use the practical expedient in either paragraph 63 of IFRS 15 (about the existence of a significant financing component) or paragraph 94 of IFRS 15 (about the incremental costs of obtaining a contract), the entity shall disclose that fact.
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115 | A lessee shall disclose the following amounts for the reporting period:
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116 | A lessee shall disclose the amount of its lease commitments for short-term leases accounted for applying paragraph 6 of IFRS 16 if the portfolio of short-term leases to which it is committed at the end of the reporting period is dissimilar to the portfolio of short-term leases to which the short-term lease expense disclosed applying paragraph 115(c) relates.
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117 | If right-of-use assets meet the definition of investment property, a lessee shall apply the disclosure requirements in IAS 40 Investment Property. In that case, a lessee is not required to provide the disclosures in paragraph 115(a), 115(g) or 115(i) for those right-of-use assets. |
118 | If a lessee measures right-of-use assets at revalued amounts applying IAS 16, the lessee shall disclose the information required by paragraph 202 for those right-of-use assets.
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119 | A lessee shall disclose a maturity analysis of lease liabilities applying paragraph 72 separately from the maturity analyses of other financial liabilities.
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120 | A lessee shall disclose qualitative or quantitative information about:
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121 | A lessor shall disclose qualitative or quantitative information about:
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122 | A lessor shall disclose:
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123 | A lessor shall disclose income for the reporting period relating to variable lease payments not included in the measurement of the net investment in the lease.
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124 | A lessor shall disclose a maturity analysis of lease payments, showing the undiscounted lease payments to be received:
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125 | A lessor shall disclose income for the reporting period relating to variable lease payments that do not depend on an index or a rate.
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126 | A lessor shall apply the disclosure requirements in paragraphs 200–202, 250–256 and 263–275 for assets subject to operating leases. |
127 | A lessee shall apply the disclosure requirements in paragraph 47 of IFRS 16. |
128 | An entity shall clearly identify each primary financial statement and the notes. In addition, an entity shall disclose prominently, and repeat when necessary for the information provided to be understandable:
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129 | If an entity changes the presentation, disclosure or classification of items in its financial statements, it shall reclassify comparative amounts unless reclassification is impracticable. When an entity reclassifies comparative amounts, it shall disclose (including as at the beginning of the preceding period):
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130 | When it is impracticable to reclassify comparative amounts, an entity shall disclose:
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131 | When an entity is required to present a third statement of financial position applying paragraph 37 of IFRS 18, it shall disclose the information required by paragraphs 129–130, 178–181 and 186. However, it need not provide the related notes to the statement of financial position as at the beginning of the preceding period. |
132 | If an entity:
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133 | An entity that presents one or more line items comprising expenses classified by function in the operating category of the statement of profit or loss shall also disclose in a single note:
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134 | Paragraph 41 of IFRS 18 requires an entity to disaggregate items to provide material information. However, an entity that applies paragraph 133 is exempt from disclosing:
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135 | The exemption in paragraph 134 relates to disaggregation of operating expenses. However, it does not exempt an entity from applying specific disclosure requirements relating to those expenses in this Standard. |
136 | An entity will either present expenses by nature, or applying paragraph 133, disclose some expenses by nature. The amounts presented or disclosed need not be the amounts recognised as an expense in the period. They could include amounts that have been recognised as part of the carrying amount of an asset. If an entity:
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137 | In applying paragraphs 101–102 and B96–B103 of IFRS 18 an entity might classify liabilities arising from loan arrangements as non-current when the entity’s right to defer settlement of those liabilities is subject to the entity complying with covenants within 12 months after the reporting period (see paragraph B100(b) of IFRS 18). In such situations, the entity shall disclose information in the notes that enables users of financial statements to understand the risk that the liabilities could become repayable within 12 months after the reporting period, including:
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138 | An entity shall either present in the statement of changes in equity or disclose in the notes the amount of dividends recognised as distributions to owners during the reporting period, and the related amount of dividends per share.
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139 | An entity shall disclose in the notes:
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140 | An entity shall, as far as practicable, present notes in a systematic manner (see paragraph B112 of IFRS 18). In determining a systematic manner, the entity shall consider the effect on the understandability and comparability of its financial statements. An entity shall cross-reference each item in the primary financial statements to any related information in the notes. If amounts disclosed in the notes are included in one or more line items in the primary financial statements, an entity shall disclose in the note the line item(s) in which the amounts are included.
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141 | If not disclosed elsewhere in information published with the financial statements, an entity shall disclose in the notes:
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142 | The objective of the disclosures for management-defined performance measures is for an entity to provide information to help a user of financial statements understand:
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143 | An entity shall disclose information about all measures that meet the definition of management-defined performance measures in paragraph 117 of IFRS 18 in a single note (see paragraph 147). This note shall include a statement that the management-defined performance measures provide management’s view of an aspect of the financial performance of the entity as a whole and are not necessarily comparable with measures sharing similar labels or descriptions provided by other entities.
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144 | An entity shall label and describe each management-defined performance measure in a clear and understandable manner that does not mislead users of financial statements (see paragraphs 148–149). For each management-defined performance measure, the entity shall disclose:
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145 | If an entity changes how it calculates a management-defined performance measure, adds a new management-defined performance measure, ceases using a previously disclosed management-defined performance measure or changes how it determines the income tax effects of the reconciling items required by paragraph 144(d), it shall disclose:
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146 | If an entity does not disclose the restated comparative information required by paragraph 145(c) because it is impracticable to do so, it shall disclose that fact.
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147 | Paragraph 143 requires an entity to include in a single note all information about management-defined performance measures required by paragraphs 142–146. If an entity also discloses other information in that note, the information in the note shall be labelled in a way that clearly distinguishes the information required by paragraphs 142–146 from the other information. |
148 | Paragraph 144 requires an entity to label and describe its management-defined performance measures in a clear and understandable manner that does not mislead users of financial statements. To provide such a description, an entity shall disclose information that enables a user of financial statements to understand the items of income or expense included and excluded from the subtotal. Therefore, an entity shall:
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149 | To label and describe the measure in a way that faithfully represents its characteristics, an entity shall:
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150 | Paragraph 144(c) requires an entity to reconcile each management-defined performance measure to the most directly comparable subtotal listed in paragraph 118 of IFRS 18 or total or subtotal specifically required to be presented or disclosed by IFRS Accounting Standards. For example, an entity that discloses in the notes a management-defined performance measure of adjusted operating profit or loss shall reconcile that measure to operating profit or loss. In aggregating or disaggregating the reconciling items disclosed, an entity shall apply the requirements in paragraphs 41–43 of IFRS 18. |
151 | For each reconciling item an entity shall disclose:
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152 | The description required in paragraph 151(b) is required if there is more than one reconciling item and each item is calculated using a different method or contributes to providing useful information in a different way. For example, an entity might exclude from a management-defined performance measure several items of expense, some because they were identified as outside management's control and others because they were identified as non-recurring. In such cases, disclosure of which items contributed to which type of adjustment would be required to explain how the management-defined performance measure provides useful information. |
153 | A single explanation might apply to more than one item or might apply to all reconciling items collectively. For example, an entity might exclude several items of income or expense in calculating a management-defined performance measure based on an entity-specific application of ‘non-recurring’. In such a case, a single explanation that includes the entity’s definition of ‘non-recurring’ that applies to all reconciling items might satisfy the requirement in paragraph 151(b). |
154 | Applying paragraph 144(c), an entity is permitted to reconcile a management-defined performance measure to a total or subtotal that is not presented in the statement(s) of financial performance. In such cases, an entity:
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155 | An entity is required by paragraph 144(d) to disclose the income tax effect for each item disclosed in the reconciliation between a management-defined performance measure and the most directly comparable subtotal listed in paragraph 118 of IFRS 18 or total or subtotal specifically required to be presented or disclosed by IFRS Accounting Standards. An entity shall determine the income tax effect required by paragraph 144(d) by calculating the income tax effects of the underlying transaction(s):
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156 | If, applying paragraph 155, an entity uses more than one method to calculate the income tax effects of reconciling items, it shall disclose how it determined the tax effects for each reconciling item. |
157 | A financial ratio is not a management-defined performance measure because it is not a subtotal of income and expenses. However, a subtotal that is the numerator or denominator in a financial ratio is a management-defined performance measure if the subtotal would meet the definition of a management-defined performance measure if it were not part of a ratio. Accordingly, an entity shall apply the disclosure requirements in paragraphs 142–146 to such a numerator or denominator. |
158 | An entity shall consider only public communications related to the reporting period to identify management-defined performance measures for the reporting period, unless as part of its financial reporting process it routinely issues such public communications after the date of issue of its financial statements. If that is the case, an entity shall consider public communications related to the previous reporting period to identify management-defined performance measures for the current reporting period. |
159 | However, a measure used in the public communications related to the previous reporting period is not required to be identified as a management-defined performance measure for the current reporting period if there is evidence that indicates it will not be included in the public communications to be issued relating to the current reporting period. If such a measure had been disclosed as a management-defined performance measure in the previous reporting period and is not identified as such for the current reporting period, that would be a change to, or a cessation of, a management-defined performance measure to which the disclosure requirements in paragraph 145 apply. |
160 | An entity shall either present in the statement of financial position or the statement of changes in equity or disclose in the notes:
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161 | An entity without share capital, such as a partnership or trust, shall disclose information equivalent to that required by paragraph 160(a), showing changes during the reporting period in each category of equity interest, and the rights, preferences and restrictions attaching to each category of equity interest.
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162 | An entity shall disclose in the notes:
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164 | An entity shall disclose:
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165 | Investing and financing transactions that do not require the use of cash or cash equivalents shall be excluded from a statement of cash flows. An entity shall disclose such transactions elsewhere in the financial statements in a way that provides all the relevant information about these investing and financing activities.
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166 | An entity shall disclose a reconciliation between the opening and closing balances in the statement of financial position for liabilities arising from financing activities, including:
[Refer:Basis for Conclusions paragraph BC84]
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167 | An entity shall disclose information about its supplier finance arrangements (as described in paragraph 44G of IAS 7 Statement of Cash Flows) that enables users of financial statements to assess the effects of those arrangements on the entity’s liabilities and cash flows and on the entity’s exposure to liquidity risk.
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168 | To meet the objectives in paragraph 167, an entity shall disclose in aggregate for its supplier finance arrangements:
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169 | An entity shall disclose the components of cash and cash equivalents and shall present a reconciliation of the amounts in its statement of cash flows with the equivalent items reported in the statement of financial position.
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170 | In view of the variety of cash management practices and banking arrangements around the world and in order to comply with IAS 8, an entity shall disclose the policy which it adopts in determining the composition of cash and cash equivalents.
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171 | An entity shall disclose, together with a commentary by management, the amount of significant cash and cash equivalent balances held by the entity that are not available for use by the group.
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172 | An entity shall apply the disclosure requirement in paragraph 36 of IAS 7. |
173 | When an entity departs from a requirement of an IFRS Accounting Standard in accordance with paragraph 6E of IAS 8, it shall disclose:
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174 | When an entity has departed from a requirement of an IFRS Accounting Standard in a prior reporting period, and that departure affects the amounts recognised in the financial statements for the current period, it shall make the disclosures set out in paragraph 173(c)–173(d). |
175 | In the extremely rare circumstances in which management concludes that compliance with a requirement in an IFRS Accounting Standard would be so misleading that it would conflict with the objective of financial statements set out in the Conceptual Framework, but the relevant regulatory framework prohibits departure from the requirement, the entity shall, to the maximum extent possible, reduce the perceived misleading aspects of compliance by disclosing:
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176 | An entity shall disclose material accounting policy information.
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177 | An entity shall disclose, along with its material accounting policy information or other notes, the judgements, apart from those involving estimations (see paragraph 182), that management has made in the process of applying the entity’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements. Examples of judgements that an entity may be required to disclose include how management determines:
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178 | When initial application of an IFRS Accounting Standard has an effect on the current period or any prior reporting period, would have such an effect except that it is impracticable to determine the amount of the adjustment, or might have an effect on future periods, an entity shall disclose (financial statements for subsequent periods need not repeat these disclosures):
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179 | When a voluntary change in accounting policy has an effect on the current reporting period or any prior period, would have an effect on that period except that it is impracticable to determine the amount of the adjustment, or might have an effect on future periods, an entity shall disclose (financial statements for subsequent periods need not repeat these disclosures):
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180 | When an entity has not applied a new IFRS Accounting Standard that has been issued but is not yet effective, the entity shall disclose:
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181 | In complying with paragraph 180, an entity considers disclosing:
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182 | An entity shall disclose information about the assumptions it makes about the future, and other major sources of estimation uncertainty at the end of the reporting period, that have a significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities within the next financial year. In respect of those assets and liabilities, the notes shall include details of:
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183 | The disclosures in paragraph 182 are not required for assets and liabilities with a significant risk that their carrying amounts might change materially within the next financial year if, at the end of the reporting period, they are measured at fair value based on a quoted price in an active market for an identical asset or liability. Such fair values might change materially within the next financial year but these changes would not arise from assumptions or other sources of estimation uncertainty at the end of the reporting period. |
184 | An entity shall disclose the nature and amount of a change in an accounting estimate that has an effect in the current reporting period or is expected to have an effect in future periods, except for the disclosure of the effect on future periods when it is impracticable to estimate that effect.
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185 | If the amount of the effect in future periods is not disclosed because estimating it is impracticable, an entity shall disclose that fact.
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186 | In applying paragraph 42 of IAS 8, an entity shall disclose (financial statements for subsequent periods need not repeat these disclosures):
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187 | An entity shall apply the disclosure requirements in paragraphs 6A, 6C(c) and 6K of IAS 8. |
188 | An entity shall disclose the date when the financial statements were authorised for issue and who gave that authorisation. If the entity’s owners or others have the power to amend the financial statements after issue, the entity shall disclose that fact.
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189 | If an entity receives information after the reporting period about conditions that existed at the end of the reporting period, it shall update disclosures that relate to those conditions, in the light of the new information. |
190 | An entity shall disclose, for each material category of non-adjusting event after the reporting period:
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191 | Examples of non-adjusting events after the reporting period that would generally result in disclosure include:
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192 | An entity shall disclose separately the major components of tax expense (income).
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193 | Components of tax expense (income) may include:
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194 | An entity shall also disclose separately:
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195 | In the circumstances described in paragraph 52A of IAS 12, an entity shall disclose the nature of the potential income tax consequences that would result from the payment of dividends to its shareholders.
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196 | An entity shall disclose that it has applied the exception to recognising and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes (see paragraph 4A of IAS 12).
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197 | An entity shall disclose separately its current tax expense (income) related to Pillar Two income taxes.
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198 | In periods in which Pillar Two legislation is enacted or substantively enacted but not yet in effect, an entity shall disclose known or reasonably estimable information that helps users of financial statements understand the entity’s exposure to Pillar Two income taxes arising from that legislation.
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199 | To meet the disclosure objective in paragraph 198, an entity shall disclose qualitative and quantitative information about its exposure to Pillar Two income taxes at the end of the reporting period. This information does not have to reflect all the specific requirements of the Pillar Two legislation and can be provided in the form of an indicative range. To the extent information is not known or reasonably estimable, an entity shall instead disclose a statement to that effect and disclose information about the entity’s progress in assessing its exposure.
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200 | An entity shall disclose, for each class of property, plant and equipment:
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201 | An entity shall also disclose:
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202 | If items of property, plant and equipment are stated at revalued amounts, an entity shall disclose, in addition to the disclosures required by paragraphs 95–97:
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203 | An entity shall disclose the amount recognised as an expense for defined contribution plans.
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204 | An entity shall assess whether all or some disclosures required by paragraphs 205–215 should be disaggregated to distinguish plans or groups of plans with materially different risks.
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205 | An entity shall disclose information about the characteristics of its defined benefit plans.
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206 | An entity shall provide a reconciliation (comparative information is not required) from the opening balance to the closing balance for each of the following, if applicable:
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207 | Each reconciliation listed in paragraph 206 shall show, if applicable:
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208 | An entity shall disaggregate the fair value of the plan assets into classes that distinguish the nature and risks of those assets. For example, an entity could distinguish between:
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209 | An entity shall disclose the fair value of the entity’s own transferable financial instruments held as plan assets, and the fair value of plan assets that are property occupied by, or other assets used by, the entity.
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210 | An entity shall disclose the significant actuarial assumptions used to determine the present value of the defined benefit obligation (see paragraph 76 of IAS 19).
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211 | An entity shall disclose:
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212 | If an entity participates in a multi-employer defined benefit plan and accounts for that plan as if it were a defined contribution plan in accordance with paragraph 34 of IAS 19, it shall disclose (instead of the information required by paragraphs 205–211):
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213 | If an entity participates in a defined benefit plan that shares risks between entities under common control, it shall disclose:
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214 | The information required by paragraph 213(c)–(d) can be disclosed by cross-reference to disclosures in another group entity’s financial statements if:
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215 | Where required by paragraphs 259 and 261–262, an entity shall disclose information about contingent liabilities arising from post-employment benefit obligations.
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216 | An entity shall disclose:
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217 | An entity shall apply the disclosure requirements in paragraphs 21–22, 28 and 31 of IAS 20 Accounting for Government Grants and Disclosure of Government Assistance. |
218 | An entity shall disclose:
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219 | When the presentation currency is different from the functional currency, an entity shall disclose that fact together with the functional currency and the reason for using a different presentation currency.
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220 | When there is a change in the functional currency of either the reporting entity or a significant foreign operation, an entity shall disclose that fact and the reason for the change in functional currency.
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221 | When an entity estimates a spot exchange rate because a currency is not exchangeable into another currency (see paragraph 19A of IAS 21), the entity shall disclose information that enables users of its financial statements to understand how the currency not being exchangeable into the other currency affects, or is expected to affect, the entity’s financial performance, financial position and cash flows. To achieve this objective, an entity shall disclose information about:
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222 | An entity shall consider how much detail is necessary to satisfy the disclosure objective in paragraph 221. An entity shall disclose the information specified in paragraphs 223–224 and any additional information necessary to meet the disclosure objective in paragraph 221. |
223 | In applying paragraph 221, an entity shall disclose:
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224 | When a foreign operation’s functional currency is not exchangeable into the presentation currency or, if applicable, the presentation currency is not exchangeable into a foreign operation’s functional currency, an entity shall also disclose:
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225 | An entity shall disclose:
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226 | Relationships between a parent and its subsidiaries shall be disclosed irrespective of whether there have been transactions between them. An entity shall disclose:
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227 | An entity shall disclose key management personnel compensation in total.
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228 | If an entity obtains key management personnel services from another entity (the management entity), the entity is not required to apply the requirements in paragraph 227 to the compensation paid or payable by the management entity to the management entity’s employees or directors. |
229 | Amounts incurred by the entity for the provision of key management personnel services that are provided by a separate management entity shall be disclosed.
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230 | If an entity has had related party transactions during the reporting periods covered by the financial statements, it shall disclose the nature of the related party relationship as well as information about those transactions and outstanding balances, including commitments, necessary for users to understand the potential effect of the relationship on the financial statements. These disclosure requirements are in addition to paragraph 227. At a minimum, disclosures shall include:
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231 | The disclosures required by paragraph 230 shall be made separately for:
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232 | A reporting entity is exempt from the disclosure requirements in paragraph 230 in relation to related party transactions and outstanding balances, including commitments, with:
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233 | If an entity applies the exemption in paragraph 232, it shall disclose the following about the transactions and related outstanding balances referred to in paragraph 232:
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234 | Examples of transactions that are disclosed if they are with a related party include:
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235 | Participation by a parent or subsidiary in a defined benefit plan that shares risks between group entities is a transaction between related parties (see paragraph 42 of IAS 19, which requires an entity to disclose the information required by paragraph 213).
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236 | An entity shall disclose that related party transactions were made on terms equivalent to those that prevail in arm’s length transactions only if such terms can be substantiated.
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237 | Items of a similar nature may be disclosed in aggregate except when separate disclosure is necessary for an understanding of the effects of related party transactions on the financial statements of the entity. |
238 | When a parent, in accordance with paragraph 4(a) of IFRS 10, elects not to prepare consolidated financial statements and instead prepares separate financial statements, it shall disclose in those separate financial statements:
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239 | When an investment entity that is a parent (other than a parent covered by paragraph 238) prepares, in accordance with paragraph 8A of IAS 27 Separate Financial Statements, separate financial statements as its only financial statements, it shall disclose that fact. The investment entity shall also present the disclosures relating to investment entities required by paragraphs 82–94.
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240 | When a parent (other than a parent covered by paragraphs 238–239) or an investor with joint control of, or significant influence over, an investee prepares separate financial statements, the parent or investor shall identify the financial statements prepared in accordance with IFRS 10, IFRS 11 Joint Arrangements or IAS 28 Investments in Associates and Joint Ventures to which they relate. The parent or investor shall also disclose in its separate financial statements:
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241 | An entity shall disclose:
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242 | An entity shall apply the disclosure requirements in paragraphs 34 and 40 of IAS 32. |
243 | An entity shall include in its interim financial report an explanation of events and transactions significant to an understanding of the changes in financial position and performance of the entity since the end of the last annual reporting period. Information disclosed in relation to those events and transactions shall update the relevant information presented in the most recent annual financial report.
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244 | Events and transactions for which disclosures would be required if they are significant (the list is not exhaustive) include:
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245 | When an event or transaction is significant to an understanding of the changes in an entity’s financial position or performance since the last annual reporting period, its interim financial report should provide an explanation of and an update to the relevant information included in the financial statements of the last annual reporting period. |
246 | An entity shall disclose the information specified in (a)–(m) of this paragraph either in the interim financial statements or incorporated by cross-reference from the interim financial statements to some other statement (such as management commentary or risk report) that is available to users of the financial statements on the same terms as the interim financial statements and at the same time. If users of the financial statements do not have access to the information incorporated by cross-reference on the same terms and at the same time, the interim financial report is incomplete. The further information shall normally be reported on a financial year‑to‑date basis, and consists of:
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247 | An entity whose interim financial report complies with IAS 34 and the requirements in paragraphs 1–19 and 243–249 shall make an explicit and unreserved statement of such compliance in the notes. An entity that applies this Standard shall, as part of that unreserved statement, state that it has applied IAS 34 and the requirements in paragraphs 1–19 and 243–249. An entity applying this Standard shall not describe an interim financial report as complying with IFRS Accounting Standards unless the entity complies with the requirements in this Standard and all applicable requirements in other IFRS Accounting Standards.
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248 | If an estimate of an amount reported in an interim period is changed significantly during the final interim period of the financial year but a separate financial report is not published for that final interim period, an entity shall disclose the nature and amount of that change in estimate in a note to the annual financial statements for that financial year.
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249 | An entity shall apply the disclosure requirements in paragraph 41 of IAS 34. |
250 | An entity shall disclose, for each class of assets:
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251 | A class of assets is a grouping of assets of similar nature and use in an entity’s operations.
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252 | An entity shall disclose, for a cash‑generating unit for which an impairment loss has been recognised or reversed during the period:
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253 | If, in accordance with paragraph 84 of IAS 36, any portion of the goodwill acquired in a business combination during the period has not been allocated to a cash‑generating unit (group of units) at the end of the reporting period, the amount of the unallocated goodwill shall be disclosed together with the reasons why that amount remains unallocated.
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254 | An entity shall disclose, for each cash-generating unit (group of units) for which the carrying amount of goodwill or intangible assets with indefinite useful lives allocated to that unit (group of units) is significant in comparison with the entity’s total carrying amount of goodwill or intangible assets with indefinite useful lives:
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255 | If some or all of the carrying amount of goodwill or intangible assets with indefinite useful lives is allocated to multiple cash-generating units (groups of units), and the amount so allocated to each unit (group of units) is not significant in comparison with the entity’s total carrying amount of goodwill or intangible assets with indefinite useful lives, that fact shall be disclosed, together with the aggregate carrying amount of goodwill or intangible assets with indefinite useful lives allocated to those units (groups of units). In addition, if the recoverable amounts of any of those units (groups of units) are based on the same key assumption(s) and the aggregate carrying amount of goodwill or intangible assets with indefinite useful lives allocated to them is significant in comparison with the entity’s total carrying amount of goodwill or intangible assets with indefinite useful lives, an entity shall disclose that fact, together with:
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256 | The most recent detailed calculation made in a preceding period of the recoverable amount of a cash-generating unit (group of units) may, in accordance with paragraph 24 of IAS 36 or paragraph 99 of IAS 36, be carried forward and used in the impairment test for that unit (group of units) in the current period, provided specified criteria are met. When this is the case, the information for that unit (group of units) that is incorporated into the disclosures required by paragraphs 254–255 relates to the carried forward calculation of recoverable amount. |
257 | An entity shall disclose, for each class of provision (comparative information is not required):
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258 | An entity shall also disclose, for each class of provision (comparative information is not required):
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259 | Unless the possibility of any outflow in settlement is remote, an entity shall disclose, for each class of contingent liability at the end of the reporting period, a brief description of the nature of the contingent liability and, where practicable:
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260 | Where an inflow of economic benefits is probable, an entity shall disclose a brief description of the nature of the contingent assets at the end of the reporting period and, where practicable, an estimate of their financial effect, measured using the principles set out for provisions in paragraphs 36–52 of IAS 37.
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261 | Where any of the information required by paragraphs 259–260 is not disclosed because it is not practicable to do so, an entity shall state that fact.
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262 | In extremely rare cases, disclosure of some or all of the information required by paragraphs 257–260 can be expected to prejudice seriously the position of the entity in a dispute with other parties on the subject matter of the provision, contingent liability or contingent asset. In such cases, an entity need not disclose the information, but shall disclose the general nature of the dispute, together with the fact that, and reason why, the information has not been disclosed.
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263 | An entity shall disclose, for each class of intangible assets, distinguishing between internally generated intangible assets and other intangible assets:
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264 | An entity shall also disclose:
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265 | If intangible assets are accounted for at revalued amounts, an entity shall disclose:
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266 | An entity shall disclose the aggregate amount of research and development expenditure recognised as an expense during the reporting period.
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267 | The disclosures in paragraphs 268–271 apply in addition to those required for leases in paragraphs 115–127. The owner of an investment property provides lessors’ disclosures about leases into which it has entered. A lessee that holds an investment property as a right-of-use asset provides lessees’ disclosures and lessors’ disclosures for any operating leases into which it has entered. |
268 | An entity shall disclose:
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269 | In addition to the disclosures required by paragraph 268, an entity that applies the fair value model in paragraphs 33–55 of IAS 40 shall disclose a reconciliation (comparative information is not required) between the carrying amounts of investment property at the beginning and end of the reporting period, showing:
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270 | In the exceptional cases referred to in paragraph 53 of IAS 40, when an entity measures investment property using the cost model in IAS 16 or in accordance with IFRS 16, the reconciliation required by paragraph 269 shall disclose amounts relating to that investment property separately from amounts relating to other investment property. In addition, an entity shall disclose:
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271 | In addition to the disclosures required by paragraph 268, an entity that applies the cost model in paragraph 56 of IAS 40 shall disclose:
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272 | An entity shall provide a description of each group of biological assets.
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273 | An entity shall disclose a reconciliation (comparative information is not required) of changes in the carrying amount of biological assets between the beginning and the end of the current reporting period. The reconciliation shall include:
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274 | If an entity measures biological assets at their cost less any accumulated depreciation and any accumulated impairment losses (see paragraph 30 of IAS 41 Agriculture) at the end of the reporting period, the entity shall disclose for such biological assets:
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275 | An entity shall disclose the following related to agricultural activity covered by IAS 41:
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276 | An entity applying this Standard is not required to apply IFRS 8. If an entity applying this Standard chooses to disclose information about segments that does not comply with IFRS 8, it shall not describe the information as segment information. An entity making such disclosures shall describe the basis for preparing and making those disclosures. An entity choosing to apply IFRS 8 shall apply all its disclosure requirements and shall state that it has applied IFRS 8. [Refer:Basis for Conclusions paragraph BC70]
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This Appendix is an integral part of the Standard.
A1 | An entity may elect to apply this Standard for reporting periods beginning on or after 1 January 2027. Earlier application is permitted. If an entity chooses to apply this Standard earlier, it shall disclose that fact. In accordance with paragraph 14, if an entity applies this Standard in the current reporting period but not in the immediately preceding period, it shall provide comparative information (that is, information for the preceding period) for all amounts reported in the current period’s financial statements, unless this Standard or another IFRS Accounting Standard permits or requires otherwise. |
A2 | IFRS 18 Presentation and Disclosure in Financial Statements, issued in April 2024, supersedes IAS 1 Presentation of Financial Statements. IFRS 18 applies to annual reporting periods beginning 1 January 2027 and earlier application is permitted. |
A3 | An entity that elects to apply this Standard for a reporting period earlier than the reporting period in which it first applies IFRS 18 shall apply paragraphs B2–B19 of Appendix B instead of paragraphs 128–163 (under subheading IFRS 18 Presentation and Disclosure in Financial Statements), 173–177 and 182–183 (under subheading IAS 8 Basis of Preparation of Financial Statements) and 246(m) (under subheading IAS 34 Interim Financial Reporting). If such an entity also applies IAS 33 Earnings per Share, it shall apply paragraphs 73 and 73A of IAS 33 instead of paragraphs 73B and 73C of IAS 33 (as amended by IFRS 18). |
A4 | Lack of Exchangeability, issued in August 2023, amended IAS 21 The Effects of Changes in Foreign Exchange Rates, adding new disclosure requirements in paragraphs 57A–57B of IAS 21. The amendments to IAS 21 apply to annual reporting periods beginning on or after 1 January 2025, and earlier application is permitted. If an entity applies this Standard for an annual reporting period that begins before 1 January 2025 and has not applied the amendments to IAS 21, it need not apply paragraphs 221–224. |
A5 | Amendments to the Classification and Measurement of Financial Instruments, issued in May 2024, added paragraphs 56A–56C. The amendments apply to annual reporting periods beginning on or after 1 January 2026, and earlier application is permitted. If an entity applies this Standard for an annual reporting period that begins before 1 January 2026 and has not applied the amendments to the Application Guidance to Section 4.1 of IFRS 9 Financial Instruments (Classification of financial assets) for that earlier period, it need not apply paragraphs 56A–56C. |
A6 | Contracts Referencing Nature-dependent Electricity, issued in December 2024, amended IFRS 9 and IFRS 7, adding new disclosure requirements in paragraphs 30A–30C of IFRS 7. These amendments added paragraphs 64A–64C and amended paragraph 42 of this Standard. In accordance with paragraph 4(c) of this Standard, the transition requirements for paragraphs 64A–64C are set out in paragraphs 44OO–44PP of IFRS 7. An entity shall apply these amendments when it applies the amendments to IFRS 9. The amendments to IFRS 9 and IFRS 7 are effective for annual reporting periods beginning on or after 1 January 2026, and early application is permitted. If an entity applies this Standard for an annual reporting period that begins before 1 January 2026 and has not applied the amendments to IFRS 9 early, it need not apply paragraphs 64A–64C. |
This Appendix is an integral part of the Standard.
B1 | An entity that elects to apply this Standard for a reporting period earlier than the reporting period in which it first applies IFRS 18 Presentation and Disclosure in Financial Statements shall apply paragraphs B2–B19 instead of paragraphs 128–163 (under subheading IFRS 18 Presentation and Disclosure in Financial Statements), 173–177 and 182–183 (under subheading IAS 8 Basis of Preparation of Financial Statements) and 246(m) (under subheading of IAS 34 Interim Financial Reporting). IFRS 18 supersedes IAS 1 Presentation of Financial Statements for annual reporting periods beginning on or after 1 January 2027. Paragraphs B2–B19 set out disclosure requirements for an entity applying IAS 1 and this Standard. |
B2 | When an entity departs from a requirement of an IFRS Accounting Standard in accordance with paragraph 19 of IAS 1, it shall disclose:
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B3 | When an entity has departed from a requirement of an IFRS Accounting Standard in a prior reporting period, and that departure affects the amounts recognised in the financial statements for the current period, it shall make the disclosures set out in paragraph B2(c) and B2(d). |
B4 | In the extremely rare circumstances in which management concludes that compliance with a requirement in an IFRS Accounting Standard would be so misleading that it would conflict with the objective of financial statements set out in the Conceptual Framework, but the relevant regulatory framework prohibits departure from the requirement, the entity shall, to the maximum extent possible, reduce the perceived misleading aspects of compliance by disclosing:
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B5 | When an entity is required to present an additional statement of financial position in accordance with paragraph 40A of IAS 1, it must disclose the information required by paragraphs B6–B7, 178–181 and 186. However, it need not present the related notes to the opening statement of financial position as at the beginning of the preceding period. |
B6 | If an entity changes the presentation or classification of items in its financial statements, it shall reclassify comparative amounts unless reclassification is impracticable. When an entity reclassifies comparative amounts, it shall disclose (including as at the beginning of the preceding period):
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B7 | When it is impracticable to reclassify comparative amounts, an entity shall disclose:
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B8 | In applying paragraphs 69–75 of IAS 1, an entity might classify liabilities arising from loan arrangements as non-current when the entity’s right to defer settlement of those liabilities is subject to the entity complying with covenants within 12 months after the reporting period (see paragraph 72B(b) of IAS 1). In such situations, the entity shall disclose information in the notes that enables users of financial statements to understand the risk that the liabilities could become repayable within 12 months after the reporting period, including:
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B9 | An entity shall either present in the statement of financial position or disclose in the notes further subclassifications of these line items:
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B10 | An entity shall either present in the statement of financial position or the statement of changes in equity, or disclose in the notes:
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B11 | An entity without share capital, such as a partnership or trust, shall disclose information equivalent to that required by paragraph B10(a) showing changes during the period in each category of equity interest, and the rights, preferences and restrictions attaching to each category of equity interest. |
B12 | An entity shall either present in the statement of changes in equity or in the notes the amount of dividends recognised as distributions to owners during the period (in aggregate or per share), separately for ordinary shares and other shares. |
B13 | An entity shall disclose material accounting policy information. |
B14 | An entity shall disclose, along with material accounting policy information or other notes, the judgements, apart from those involving estimations (see paragraph B15), that management has made in the process of applying the entity’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements. Examples of judgements that an entity may be required to disclose include those determining:
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B15 | An entity shall disclose information about the assumptions it makes about the future, and other major sources of estimation uncertainty at the end of the reporting period, that have a significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities within the next financial year. In respect of those assets and liabilities, the notes shall include details of:
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B16 | The disclosures in paragraph B15 are not required for assets and liabilities with a significant risk that their carrying amounts might change materially within the next financial year if, at the end of the reporting period, they are measured at fair value based on a quoted price in an active market for an identical asset or liability. Such fair values might change materially within the next financial year but these changes would not arise from assumptions or other sources of estimation uncertainty at the end of the reporting period. |
B17 | An entity shall disclose in the notes:
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B18 | An entity shall disclose, if not disclosed elsewhere in information published with the financial statements:
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This Appendix describes the amendments to other Standards that the IASB made when it finalised IFRS 19. An entity shall apply the amendments for annual periods beginning on or after 1 January 2027. If an entity applies IFRS 19 for an earlier period, these amendments shall be applied for that earlier period.
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The amendments contained in this appendix when this Standard was issued in 2024 have been incorporated into the text of the relevant Standards included in this volume.
IFRS 19 Subsidiaries without Public Accountability: Disclosures was approved for issue by all 14 members of the International Accounting Standards Board as at May 2024.
| Andreas Barckow | Chair |
| Linda Mezon-Hutter | Vice-Chair |
| Nick Anderson | |
| Patrina Buchanan | |
| Tadeu Cendon | |
| Florian Esterer | |
| Zach Gast | |
| Hagit Keren | |
| Jianqiao Lu | |
| Bruce Mackenzie | |
| Bertrand Perrin | |
| Rika Suzuki | |
| Ann Tarca | |
| Robert Uhl |