BMW 2014 Annual Report Download - page 109
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109 GROUP FINANCIAL STATEMENTS
New financial reporting rules
(a) Financial reporting rules applied for the first time in the financial year 2014
The following Standards, Revised Standards, Amendments and Interpretations were applied for the first time in
the financial year 2014:
Information regarding the introduction and impact of the consolidation-related Standards IFRS 10, IFRS 11 and
IFRS 12
is provided note 9.
(b) Financial reporting pronouncements issued by the IASB, but not yet applied
Standard / Interpretation Date of Date of Date of Impact
issue by IASB mandatory mandatory on BMW Group
application application
IASB EU
IFRS 10 Consolidated Financial Statements 12. 5. 2011 1. 1. 2013 1. 1. 2014 Significant in principle
IFRS 11 Joint Arrangements 12. 5. 2011 1. 1. 2013 1. 1. 2014 Significant in principle
IFRS 12 Disclosure of Interest in Other Entities 12. 5. 2011 1. 1. 2013 1. 1. 2014 Significant in principle
Changes in Transitional Regulations
(IFRS 10, IFRS 11 and IFRS 12)
28. 6. 2012 1. 1. 2013 1. 1. 2014 Significant in principle
Investment Entities (Amendments to
IFRS 10, IFRS 12 and IAS 27)
31. 10. 2012 1. 1. 2014 1. 1. 2014 Insignificant
IAS 27 Separate Financial Statements 12. 5. 2011 1. 1. 2013 1. 1. 2014 None
IAS 28 Investments in Associates and
Joint Ventures
12. 5. 2011 1. 1. 2013 1. 1. 2014 None
IAS 32 Presentation – Offsetting of Financial Assets
and Financial Liabilities
16. 12. 2011 1. 1. 2014 1. 1. 2014 Insignificant
IAS 39 Novation of Derivatives and Continuation
of Hedge Accounting
(Amendments to IAS 39)
27. 6. 2013 1. 1. 2014 1. 1. 2014 Insignificant
Standard / Interpretation Date of Date of Date of Expected impact
issue by IASB mandatory mandatory on BMW Group
application application
IASB EU
IFRS 9 Financial Instruments 12. 11. 2009
28. 10. 2010
16. 12. 2011
19. 11. 2013
24. 7. 2014
/
/
/
/
1. 1. 2018 No Significant in principle
IFRS 10 /
IAS 28
Sale or Contribution of Assets between an
Investor and an Associate or Joint Venture
(Amendments to IFRS 10 and IAS 28)
11. 9. 2014 1. 1. 2016 No
Insignificant
IFRS 10 /
IFRS 12 /
IAS 28
Investment Entities: Applying the
Consolidation Exception (Amendments to
IFRS 10, IFRS 12 and IAS 28)
18. 12. 2014 1. 1. 2016 No
Insignificant
IFRS 11 Acquisition of an Interest in a Joint Operation
(Amendments to IFRS 11)
6. 5. 2014 1. 1. 2016 No
Insignificant
IFRS 14
Regulatory Deferral Accounts
30. 1. 2014 1. 1. 2016 No
Insignificant
IFRS 15
Revenue from Contracts with Customers
28. 5. 2014 1. 1. 2017 No Significant in principle
8