BMW 2009 Annual Report Download - page 91

89 Group Financial Statements
(b) New financial reporting rules issued in the financial year 2009
The following Standards and Interpretations, which had been issued by the IASB by the end of the financial year 2009,
but which were not mandatory for the reporting period, have not been applied by the BMW Group in the financial year 2009:
Standard / Interpretation Date of Endorsed Impact on BMW Group
mandatory by EU at
application
31. 12. 2009
IAS 23 Borrowing Costs 1. 1. 2009 Ye s Significant in principle:
Increase in amount
recognised in the balance
sheet for qualifying asset
IAS 32 and
IAS 1 Puttable Financial Instruments and
Obligations Arising on Liquidation 1. 1. 2009 Yes Insignificant
Improvements to IFRSs 1. 1. 2009* Ye s Insignificant
IFRIC 9 and
IAS 39 Reassessment of Embedded Derivatives
(in the case of reclassified financial
instruments)
1. 1. 2009 Ye s None
IFRIC 13 Customer Loyalty Programmes 1. 1. 2009 Yes None
IFRIC 15 Agreements for the Construction of
Real Estate 1. 1. 2010 Ye s None
IFRIC 16 Hedges of a Net Investment in
a Foreign Operation 1. 1. 2010 Ye s None
* Unless otherwise specified, the amendments are effective for annual periods beginning on or after 1 January 2009.
Standard / Interpretation Date of Date of Endorsed Expected impact on
issue by IASB mandatory by EU at
on BMW Group
application
31. 12. 2009
IFRS 1 Additional Exceptions for First-time
Adopters 23. 7. 2009 1. 1. 2010 No None
IFRS 2 Share-based Payment: Accounting
for Cash-settled Share-based Payments
within the Group
18. 6. 2009 1. 1. 2010 No None
IFRS 9 Financial instruments 12. 11. 2009 1. 1. 2013 No Significant in
principle:
Classification and
measurement of
financial assets could
change.
IAS 24 Related Party Disclosures 4. 11. 2009 1. 1. 2011 No Insignificant
IAS 32 Classification of Subscription Rights 8. 10. 2009 1. 1. 2011 Yes None
IFRS for Small and Medium
Sized-entities 9. 7. 2009 9. 7. 2009 No None
Improvements to IFRSs 16. 4. 2009 1. 1. 2010* No Insignificant
IFRIC 14 Upfront-payments in conjunction with
Minimum Funding Requirements 26. 11. 2009 1. 1. 2011 No Insignificant
IFRIC 18 Transfers of Assets from Customers 29. 1. 2009 1. 1. 2010 Yes None
IFRIC 19 Extinguishing Financial Liabilities with
Equity Instruments 26. 11. 2009 1. 1. 2011 No None
* Unless otherwise specified, the amendments are effective for annual periods beginning on or after 1 January 2010.