Asus 2015 Annual Report Download - page 167

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163
The Group is assessing the potential impact on the financial position and results of operations of
the new standards, interpretations and amendments above. The related impact will be disclosed
when the Group completes the evaluation.
4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The principal accounting policies applied in the preparation of these consolidated financial statements
are set out below. These policies have been consistently applied to all the periods presented, unless
otherwise stated.
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)
To be determined by
International Accounting
Standards Board
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, 2018
IFRS 16, “Leases” January 1, 2019
Disclosure initiative (amendments to IAS 1) January 1, 2016
Disclosure initiative (amendments to IAS 7) January 1, 2017
Recognition of deferred tax assets for unrealised losses
(amendments to IAS 12)
January 1, 2017
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
IFRIC 21, “Levies” January 1, 2014
Improvements to IFRSs 2010-2012 July 1, 2014
Improvements to IFRSs 2011-2013 July 1, 2014
Improvements to IFRSs 2012-2014 January 1, 2016