Asus 2014 Annual Report Download - page 230

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226
associates and unconsolidated structured entities. The Company will also disclose additional
information about its interests in consolidated entities and unconsolidated entities.
C. 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 Company’s assessment, the adoption of the
standard has no significant impact on its consolidated financial statements, and the Company
will disclose additional information about fair value measurements accordingly.
Based on the Company’s assessment, significant effects of applying the 2013 version of IFRSs to its
separate 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
(amendents 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
Agriculture: bearer plants (amendments to IAS 16 and IAS 41) January 1, 2016
Defined benefit plans: employee contributions
(amendments to IAS 19R)
July 1, 2014
Equity method in separate financial statements (amendments to IAS 27) January 1, 2016
Recoverable amount disclosures for non-financial assets
(amendments to IAS 36)
January 1, 2014
Novation of derivatives and continuation of hedge accounting
(amendments to IAS 39)
January 1, 2014