Asus 2014 Annual Report Download - page 160

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2. IFRS 12, “Disclosure of interests in other entities”
The standard integrates the disclosure requirements for subsidiaries, joint arrangements,
associates and unconsolidated structured entities. Accordingly, the Group will disclose additional
information about its interests in consolidated entities and unconsolidated entities.
3. IFRS 13, “Fair value measurement”
The standard defines fair value as the price that would be received to sell an asset or paid to
transfer a liability in an orderly transaction between market participants at the measurement date
The standard sets out a framework for measuring fair value using the assumptions that market
participants would use when pricing the asset or liability; for non-financial assets, fair value is
determined based on the highest and best use of the asset. The standard also requires disclosures
about fair value measurements. Based on the Group’s assessment, the adoption of the standard
has no significant impact on its consolidated financial statements, and the Group will also
disclose additional information about fair value measurements accordingly.
4. Amendment to IFRS 7, “Disclosures - Transfers of financial assets”
The amendment enhances qualitative and quantitative disclosures for all transferred financial
assets that are not derecognised and for any continuing involvement in transferred assets,
existing at the reporting date.Based on the Group’s assessment, the adoption of the amendment
will require the Group to include qualitative and quantitative disclosures for all transferred
financial assets.
Based on the Group’s assessment, significant effects of applying the 2013 version of IFRSs to its
consolidated financial statements are ways of presentation and disclosure.
(3) International Financial Reporting Standards issued by IASB but not yet endorsed by the FSC
New standards, interpretations and amendments issued by IASB but not yet included in the 2013
version of IFRSs as endorsed by the FSC:
New Standards, Interpretations and Amendments
Effective Date by
International Accounting
Standards Board
IFRS 9, “Financial instruments” January 1, 2018
Sale or contribution of assets between an investor and its associate
or joint venture (amendments to IFRS 10 and IAS 28)
January 1, 2016
Investment entities: applying the consolidation exception
(amendments to IFRS 10, IFRS 12 and IAS 28)
January 1, 2016
Accounting for acquisition of interests in joint operations
(amendments to IFRS 11)
January 1, 2016
IFRS 14, “Regulatory deferral accounts” January 1, 2016
IFRS 15, “ Revenue from contracts with customers” January 1, 2017
Disclosure initiative (amendments to IAS 1) January 1, 2016
Clarification of acceptable methods of depreciation and amortisation
(amendments to IAS 16 and IAS 38)
January 1, 2016