Asus 2015 Annual Report Download - page 239

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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 Company will disclose
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 for 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 Company’s
assessment, the adoption of the standard has no significant impact on its financial statements,
and the Company 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 Company 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 Company 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, and other equity decreased by $20,045 and $4,936 at
December 31, 2014 and January 1, 2014, respectively.
(2) Effect of new issuances of or amendments to International Financial Reporting Standards as
endorsed by the FSC but not yet adopted by the Company
None.
(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)
To be determined by
International Accounting
Standards Board