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D-LINK CORPORATION AND SUBSIDIARIES
Notes to the consolidated financial statements
(Continued)
Issue date
New standards and
amendments
Description
Effective date
per IASB
2011.5.12
2012.6.28
● IFRS 10 Consolidated
Financial Statement
● IFRS 11 Joint Arrangement
● IFRS 12 Disclosure of
Interests in Other Entities
● Amendment to IAS 27
Separate Financial Statement
● Amendment to IAS 28
Investments in Associates
and Joint Ventures
On May 12, 2011, a series of new standards
and amendments related to consolidation,
associates and joint ventures were issued.
The new standards provide a single control
model to determine whether an entity has
control over an investee (including special
purpose entities), while the consolidation
process remains unchanged. In addition,
joint arrangements are separated into joint
operations (formerly known as jointly
controlled assets and jointly controlled
entities), and the proportionate
consolidation method is removed.
On June 28, 2012, amendments were issued
clarifying the guidance over the transition
period.
The adoption of the abovementioned
standards may change the ways of
determining whether an entity has control
over the investee and is expected to
increase the disclosures of subsidiaries’ and
associates’ equities.
January, 1
2013
2011.5.12
● IFRS 13 Fair value
measurement
Replaces fair value measurement guidance
in other standards, and consolidates as a
single guidance. The Consolidated
Company may have to analyze the possible
effects on the measurement of assets and
liabilities if the abovementioned standard is
adopted. This amendment may cause an
increase in fair value disclosures.
January, 1
2013
2011.6.16
● Amended to IAS 1
Presentation of Financial
Statements
Items presented in other comprehensive
income shall be based on whether they are
potentially reclassifiable to profit or loss
subsequently. The Consolidated Company
expects the aforementioned amendments
will change the presentation of other
comprehensive income in the consolidated
statements of comprehensive income.
July 1, 2012
2011.6.16
● Amended to IAS 19
Employee Benefits
Eliminates the corridor method and
eliminates the option to recognize changes
in the net defined benefit liability (asset) in
profit or loss; in addition, requires the
immediate recognition of past service cost.
The adoption of the abovementioned
standards will change the Consolidated
Company’s presentation and measurement
on the accrued pension liabilities and
actuarial gains and losses.
January 1,
2013