Asus 2014 Annual Report Download - page 229

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Based on the Company’s assessment, except for the following items, the adoption of the 2013
version of IFRSs has no significant impact to the Company.
A. IAS 1, “Presentation of financial statements”
The amendment requires entities to separate items presented in other comprehensive income
(OCI) classified by nature into two groups on the basis of whether they are potentially
reclassifiable to profit or loss subsequently when specific conditions are met. If the items are
presented before tax then the tax related to each of the two groups of OCI items (those that might
be reclassified and those that will not be reclassified) must be shown separately. Accordingly, the
Company will adjust its presentation of the statement of comprehensive income.
B. IFRS 12, “Disclosure of interests in other entities”
The standard integrates the disclosure requirements for subsidiaries, joint arrangements,
New Standards, Interpretations and Amendments
Effective Date by
International Accounting
Standards Board
Limited exemption from comparative IFRS 7
disclosures for first-time adopters (amendments to IFRS
July 1, 2010
Severe hyperinflation and removal of fixed dates
for first-time adopters (amendments to IFRS 1)
July 1, 2011
Government loans (amendments to IFRS 1) January 1, 2013
Disclosures - Transfers of financial assets
(amendments to IFRS 7)
July 1, 2011
Disclosures - Offsetting financial assets and financial
liabilities (amendments to IFRS 7)
January 1, 2013
IFRS 10, “Consolidated financial statements”
January 1, 2013
(Investment entities: January 1, 2014)
IFRS 11, “Joint arrangements” January 1, 2013
IFRS 12, “Disclosure of interests in other entities” January 1, 2013
IFRS 13, “Fair value measurement” January 1, 2013
Presentation of items of other comprehensive income
(amendments to IAS 1)
July 1, 2012
Deferred tax: recovery of underlying assets
(amendments to IAS 12)
January 1, 2012
IAS 19 (revised), “Employee benefits” January 1, 2013
IAS 27, “Separate financial statements”
(as amended in 2011)
January 1, 2013
IAS 28, “Investments in associates and joint ventures”
(as amended in 2011)
January 1, 2013
Offsetting financial assets and financial liabilities
(amendments to IAS 32)
January 1, 2014
IFRIC 20, “Stripping costs in the production phase
of a surface mine”
January 1, 2013
Improvements to IFRSs 2010 January 1, 2011
Improvements to IFRSs 2009 - 2011 January 1, 2013