Asus 2015 Annual Report Download - page 166

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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
Group adjusted 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,
associates and unconsolidated structured entities. Accordingly, the Group disclosed additional
information about its interests in consolidated entities and unconsolidated entities accordingly.
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 from market participants’
perspective, and requires disclosures about fair value measurements. For non-financial assets
only, fair value is determined based on the highest and best use of the asset. Based on the
Group’s assessment, the adoption of the standard has no significant impact on its consolidated
financial statements, and the Group disclosed additional information about fair value
measurements accordingly.
D. Disclosures - Transfers of financial assets (amendments to IFRS 7)
The amendment enhances qualitative and quantitative disclosures for all transferred financial
assets that are not derecognized and for any continuing involvement in transferred assets,
existing at the reporting date. The Group includes qualitative and quantitative disclosures for all
transferred financial assets.
E. Article 11, Paragraph 2 of Regulations Governing the Preparation of Financial Reports by
Securities Issuers
The new regulation allows the Group to recognize the remeasurement amount of defined benefit
plan as retained earnings or other equity. It cannot be reclassificated to income or retained
earnings if it is recognized as other equity. As a result of the new regulation, retained earnings
increased by $20,045 and $4,936, other equity decreased by $20,045 and $4,936 at December 31,
2014 and January 1, 2014, respectively.
(4) Effect of new issuances of or amendments to International Financial Reporting Standards as
endorsed by the FSC but not yet adopted by the Group
None.
(5) 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: