D-Link 2014 Annual Report Download - page 25

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2
D-LINK CORPORATION AND SUBSIDIARIES
Notes to the consolidated financial statements
(Continued)
Based on the Consolidated Company’s assessment, the adoption of IFRS 2013 version has no
significant effect on the consolidated financial statement except for the following items:
(1) IAS 19 Employee Benefits
The amended IAS 19, net interest is calculated simply as the net defined benefit liability (asset)
multiplied by the discount rate, which replaced the interest cost and the expected returns on plan
assets prior to the amendments. Also, the amended standard requires an increase in disclosures on
the defined benefit plans.
(2) IAS 1 Presentation of Financial Statements
The amended IAS 1 requires entities to separate the items (presented in OCI classified by nature)
into two groups on the basis of whether they are potentially 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 consolidated company will
adjust its presentation of the statement of comprehensive income.
(3) IFRS 12 Disclosure of Interests in Other Entities
The standard integrates the disclosure requirements for subsidiaries and associates. Accordingly,
the Consolidated Company will disclose any additional information about its interests in
consolidated entities and unconsolidated entities.
(4) IFRS 13 Fair Value Measurement
This standard defines the fair value, sets out a framework for measuring fair value, and requires
disclosures about fair value measurements. Based on assessment, the adoption of the standard has
no significant impact on the consolidated financial statements of the Consolidated Company, and
the Consolidated Company will disclose any additional information about the fair value
measurement accordingly.
(b) International Financial Reporting Standards issued by the International Accounting Standards Board
but not yet endorsed by the FSC
A summary of the new standards and amendments issued by the International Financial Reporting
Standards (hereinafter referred to as IASB) but not yet included in the IFRS 2013 version endorsed by
the FSC:
New standards and amendments
Effective date per
IASB
˗ˢ IFRS 9 Financial Instruments
January 1, 2018
˗ Amended IAS 28 and IFRS 10 “Sale or Contribution of Assets
between an Investor and its Associate or Joint Venture”
January 1, 2016
˗ Amended IAS 28, IFRS 10, and IFRS 12 “ Investment Entities:
Applying the Consolidation Exception”
January 1, 2016
˗ˢ Amendments to IFRS 11 Accounting for Acquisitions of Interests in
Joint Operations
January 1, 2016