commiss regul ec januari amend regul ec adopt intern account standard accord regul ec european parliament council intern financi report standard ifr intern account standard ia intern financi report interpret committe ifric interpret text eea relev commiss european commun regard treati establish european commun regard regul ec european parliament council juli applic intern account standard articl thereof commiss regul ec intern standard interpret extant septemb adopt june intern account standard board iasb issu amend ifr time adopt intern financi report standard basi conclus ifr explor evalu miner resourc clarifi word except provid time adopt ifrss choos adopt ifr januari august iasb publish ifr financi instrument disclosur introduc requir improv inform financi instrument entiti financi statement replac ia disclosur financi statement bank similar financi institut requir ia financi instrument disclosur present august iasb issu amend ia present financi statement capit disclosur introduc requir disclosur entiti capit august iasb issu amend ia financi instrument recognit measur ifr insur contract financi guarante contract amend intend ensur issuer financi guarante contract includ result liabil balanc sheet septemb intern financi report interpret committe ifric publish ifric interpret liabil aris particip specif market wast electr electron equip hereinaft quot ifric quot ifric clarifi account liabil wast manag cost consult technic expert field confirm ifr ifr ifr ia ia ifric meet technic criteria adopt set articl regul ec adopt ifr impli consequ amend intern account standard order ensur consist intern account standard consequenti amend affect ifr ifr ia ia ia ia ia regul ec amend measur provid regul accord opinion account regulatori committe adopt regul articl annex regul ec amend intern financi report standard ifr time adopt ifrss amend accord amend ifr basi conclus ifr explor evalu miner resourc set annex regul intern account standard ia disclosur financi statement bank similar financi institut replac ifr financi instrument disclosur set annex regul intern account standard ia present financi statement capit disclosur amend accord amend ia set annex regul ia financi instrument recognit measur ifr insur contract amend accord amend ia ifr set annex regul intern financi report interpret committe ifric interpret liabil aris particip specif market wast electr electron equip insert set annex regul adopt ifr impli consequ amend ifr ia ia ia ia ia accord appendix ifr set annex regul ia amend accord amend ia ifr set annex regul articl compani appli amend ifr amend ia ifr set annex regul commenc date financi year latest compani appli ifr amend ia set annex regul commenc date financi year latest compani appli ifric set annex regul commenc date financi year latest compani decemb commenc date appli ifric commenc date financi year latest articl regul enter forc dai public offici journal european union regul bind entireti directli applic member state brussel januari commiss charli mccreevi member commiss oj oj regul amend regul ec oj annex intern financi report standard ifr amend ifr time adopt ifrss basi conclus ifr explor evalu miner resourc ifr ifr financi instrument disclosur ia amend ia present financi statement capit disclosur ia ifr amend ia financi instrument recognit measur ifr insur contract financi guarante contract ifric ifric interpret liabil aris particip specif market wast electr electron equip reproduct allow european econom area exist right reserv eea except reproduc purpos person fair deal inform obtain iasb www iasb org amend ifr time adopt intern financi report standard document set amend ifr time adopt intern financi report standard amend finalis propos contain exposur draft propos amend ifr publish april amend ifr paragraph preced head amend exempt requir present compar inform ifr entiti adopt ifrss januari choos adopt ifr explor evalu miner resourc januari appli requir ifr compar inform present ifr financi statement intern financi report standard financi instrument disclosur object object ifr requir entiti provid disclosur financi statement enabl user evalu signific financi instrument entiti financi posit perform natur extent risk aris financi instrument entiti expos period report date entiti manag risk principl ifr complement principl recognis measur present financi asset financi liabil ia financi instrument present ia financi instrument recognit measur scope ifr appli entiti type financi instrument interest subsidiari associ joint ventur account accord ia consolid separ financi statement ia invest associ ia interest joint ventur case ia ia ia permit entiti account interest subsidiari associ joint ventur ia case entiti appli disclosur requir ia ia ia addit ifr entiti appli ifr deriv link interest subsidiari associ joint ventur deriv meet definit equiti instrument ia employ right oblig aris employe benefit plan ia employe benefit appli contract conting consider busi combin ifr busi combin exempt appli acquir insur contract defin ifr insur contract ifr appli deriv embed insur contract ia requir entiti account separ financi instrument contract oblig share base payment transact ifr share base payment appli ifr appli contract scope paragraph ia ifr appli recognis unrecognis financi instrument recognis financi instrument includ financi asset financi liabil scope ia unrecognis financi instrument includ financi instrument scope ia scope ifr loan commit ifr appli contract bui sell financi item scope ia paragraph ia class financi instrument level disclosur ifr requir disclosur class financi instrument entiti group financi instrument class natur inform disclos account characterist financi instrument entiti provid suffici inform permit reconcili line item present balanc sheet signific financi instrument financi posit perform entiti disclos inform enabl user financi statement evalu signific financi instrument financi posit perform balanc sheet categori financi asset financi liabil carri amount categori defin ia disclos face balanc sheet note financi asset fair profit loss show separ design initi recognit ii classifi held trade accord ia held matur invest loan receiv sale financi asset financi liabil fair profit loss show separ design initi recognit ii classifi held trade accord ia financi liabil measur amortis cost financi asset financi liabil fair profit loss entiti design loan receiv group loan receiv fair profit loss disclos maximum exposur credit risk paragraph loan receiv group loan receiv report date amount relat credit deriv similar instrument mitig maximum exposur credit risk amount chang period cumul fair loan receiv group loan receiv attribut credit risk financi asset determin amount chang fair attribut market condit give rise market risk ii altern method entiti believ faithfulli repres amount chang fair attribut credit risk asset market condit give rise market risk includ observ benchmark interest rate commod price foreign exchang rate index price rate amount chang fair relat credit deriv similar instrument occur period cumul loan receiv design entiti design financi liabil fair profit loss accord paragraph ia disclos amount chang period cumul fair financi liabil attribut credit risk liabil determin amount chang fair attribut market condit give rise market risk appendix paragraph ii altern method entiti believ faithfulli repres amount chang fair attribut credit risk liabil market condit give rise market risk includ benchmark interest rate price entiti financi instrument commod price foreign exchang rate index price rate contract includ unit link featur market condit includ perform relat intern extern invest fund differ financi liabil carri amount amount entiti contractu requir pai matur holder oblig entiti disclos method compli requir paragraph entiti believ disclosur compli requir paragraph faithfulli repres chang fair financi asset financi liabil attribut credit risk reason reach conclus factor believ relev reclassif entiti reclassifi financi asset measur cost amortis cost fair fair cost amortis cost disclos amount reclassifi categori reason reclassif paragraph ia derecognit entiti transfer financi asset part financi asset qualifi derecognit paragraph ia entiti disclos class financi asset natur asset natur risk reward ownership entiti remain expos entiti continu recognis asset carri amount asset liabil entiti continu recognis asset extent continu involv total carri amount origin asset amount asset entiti continu recognis carri amount liabil collater entiti disclos carri amount financi asset pledg collater liabil conting liabil includ amount reclassifi accord paragraph ia term condit relat pledg entiti hold collater financi financi asset permit sell repledg collater absenc default owner collater disclos fair collater held fair collater sold repledg entiti oblig return term condit collater allow account credit loss financi asset impair credit loss entiti record impair separ account allow account record individu impair similar account record collect impair asset directli reduc carri amount asset disclos reconcili account period class financi asset compound financi instrument multipl embed deriv entiti issu instrument liabil equiti compon paragraph ia instrument multipl embed deriv valu interdepend callabl convert debt instrument disclos exist featur default breach loan payabl recognis report date entiti disclos detail default period princip interest sink fund redempt term loan payabl carri amount loan payabl default report date default remedi term loan payabl renegoti financi statement authoris issu period breach loan agreement term paragraph entiti disclos inform requir paragraph breach permit lender demand acceler repay breach remedi term loan renegoti report date incom statement equiti item incom expens gain loss entiti disclos item incom expens gain loss face financi statement note net gain net loss financi asset financi liabil fair profit loss show separ financi asset financi liabil design initi recognit financi asset financi liabil classifi held trade accord ia ii sale financi asset show separ amount gain loss recognis directli equiti period amount remov equiti recognis profit loss period iii held matur invest iv loan receiv financi liabil measur amortis cost total interest incom total interest expens calcul effect interest method financi asset financi liabil fair profit loss fee incom expens amount includ determin effect interest rate aris financi asset financi liabil fair profit loss ii trust fiduciari activ result hold invest asset behalf individu trust retir benefit plan institut interest incom impair financi asset accru accord paragraph ag ia amount impair loss class financi asset disclosur account polici accord paragraph ia present financi statement entiti disclos summari signific account polici measur basi base prepar financi statement account polici relev understand financi statement hedg account entiti disclos separ type hedg ia fair hedg cash flow hedg hedg net invest foreign oper descript type hedg descript financi instrument design hedg instrument fair valu report date natur risk hedg cash flow hedg entiti disclos period cash flow expect occur expect affect profit loss descript forecast transact hedg account previous longer expect occur amount recognis equiti period amount remov equiti includ profit loss period show amount includ line item incom statement amount remov equiti period includ initi cost carri amount financi asset financi liabil acquisit incurr hedg highli probabl forecast transact entiti disclos separ fair hedg gain loss hedg instrument ii hedg item attribut hedg risk ineffect recognis profit loss aris cash flow hedg ineffect recognis profit loss aris hedg net invest foreign oper fair set paragraph class financi asset financi liabil paragraph entiti disclos fair class asset liabil permit compar carri amount disclos fair valu entiti group financi asset financi liabil class offset extent carri amount offset balanc sheet entiti disclos method valuat techniqu assumpt appli determin fair valu class financi asset financi liabil applic entiti disclos inform assumpt relat prepay rate rate estim credit loss interest rate discount rate fair valu determin part directli refer publish price quotat activ market estim valuat techniqu paragraph ag ag ia fair valu recognis disclos financi statement determin part valuat techniqu base assumpt support price observ current market transact instrument modif repackag base observ market data fair valu recognis financi statement chang assumpt altern assumpt chang fair significantli entiti state fact disclos effect purpos signific judg respect profit loss total asset total liabil fair recognis equiti total equiti appli total amount chang fair estim valuat techniqu recognis profit loss period market financi instrument activ entiti establish fair valuat techniqu paragraph ag ag ia evid fair initi recognit transact price fair consider receiv condit paragraph ag ia met differ fair initi recognit amount determin date valuat techniqu differ exist entiti disclos class financi instrument account polici recognis differ profit loss reflect chang factor includ time market particip set price paragraph ag ia aggreg differ recognis profit loss begin end period reconcili balanc differ disclosur fair requir carri amount reason approxim fair financi instrument short term trade receiv payabl invest equiti instrument quot market price activ market deriv link equiti instrument measur cost accord ia fair measur reliabl contract discretionari particip featur ifr fair featur measur reliabl case paragraph entiti disclos inform user financi statement make judgement extent differ carri amount financi asset financi liabil fair includ fact fair inform disclos instrument fair measur reliabl descript financi instrument carri amount explan fair measur reliabl inform market instrument inform entiti intend dispos financi instrument financi instrument fair previous reliabl measur derecognis fact carri amount time derecognit amount gain loss recognis natur extent risk aris financi instrument entiti disclos inform enabl user financi statement evalu natur extent risk aris financi instrument entiti expos report date disclosur requir paragraph focu risk aris financi instrument manag risk typic includ limit credit risk liquid risk market risk qualit disclosur type risk aris financi instrument entiti disclos exposur risk aris object polici process manag risk method measur risk previou period quantit disclosur type risk aris financi instrument entiti disclos summari quantit data exposur risk report date disclosur base inform provid intern kei manag personnel entiti defin ia relat parti disclosur entiti board director chief execut offic disclosur requir paragraph extent provid risk materi paragraph ia discuss materi concentr risk appar quantit data disclos report date unrepres entiti exposur risk period entiti provid inform repres credit risk entiti disclos class financi instrument amount repres maximum exposur credit risk report date take account collater held credit enhanc net agreement qualifi offset accord ia respect amount disclos descript collater held secur credit enhanc inform credit qualiti financi asset past due impair carri amount financi asset past due impair term renegoti financi asset past due impair entiti disclos class financi asset analysi ag financi asset past due report date impair analysi financi asset individu determin impair report date includ factor entiti consid determin impair amount disclos descript collater held entiti secur credit enhanc impractic estim fair collater credit enhanc obtain entiti obtain financi financi asset period take possess collater hold secur call credit enhanc guarante asset meet recognit criteria standard entiti disclos natur carri amount asset obtain asset readili convert cash polici dispos asset oper liquid risk entiti disclos matur analysi financi liabil show remain contractu matur descript manag liquid risk inher market risk sensit analysi entiti compli paragraph disclos sensit analysi type market risk entiti expos report date show profit loss equiti affect relev risk variabl date method assumpt prepar sensit analysi previou period method assumpt reason entiti prepar sensit analysi risk reflect interdepend risk variabl interest rate exchang rate manag financi risk sensit analysi place analysi paragraph entiti disclos explan method prepar sensit analysi main paramet assumpt underli data provid explan object method limit result inform fulli reflect fair asset liabil involv market risk disclosur sensit analys disclos accord paragraph unrepres risk inher financi instrument year end exposur reflect exposur year entiti disclos fact reason believ sensit analys unrepres effect date transit entiti appli ifr annual period begin januari earlier applic encourag entiti appli ifr earlier period disclos fact entiti appli ifr annual period begin januari present compar inform disclosur requir paragraph natur extent risk aris financi instrument withdraw ia ifr supersed ia disclosur financi statement bank similar financi institut appendix defin term appendix integr part ifr credit risk risk parti financi instrument financi loss parti fail discharg oblig currenc risk risk fair futur cash flow financi instrument fluctuat foreign exchang rate interest rate risk risk fair futur cash flow financi instrument fluctuat market interest rate liquid risk risk entiti encount difficulti meet oblig financi liabil loan payabl loan payabl financi liabil short term trade payabl normal credit term market risk risk fair futur cash flow financi instrument fluctuat market price market risk compris type risk currenc risk interest rate risk price risk price risk risk fair futur cash flow financi instrument fluctuat market price aris interest rate risk currenc risk caus factor specif individu financi instrument issuer factor affect similar financi instrument trade market past due financi asset past due counterparti fail make payment contractu due term defin paragraph ia paragraph ia ifr mean ia ia amortis cost financi asset financi liabil sale financi asset derecognit deriv effect interest method equiti instrument fair financi asset financi instrument financi liabil financi asset financi liabil fair profit loss financi asset financi liabil held trade forecast transact hedg instrument held matur invest loan receiv regular purchas sale appendix applic guidanc appendix integr part ifr class financi instrument level disclosur paragraph paragraph requir entiti group financi instrument class natur inform disclos account characterist financi instrument class paragraph determin entiti distinct categori financi instrument ia determin financi instrument measur fair recognis determin class financi instrument entiti minimum distinguish instrument measur amortis cost measur fair treat separ class class financi instrument scope ifr entiti decid light circumst detail satisfi requir ifr emphasi place aspect requir aggreg inform displai pictur combin inform characterist strike balanc overburden financi statement excess detail assist user financi statement obscur import inform result aggreg entiti obscur import inform includ larg amount insignific detail similarli entiti disclos inform aggreg obscur import differ individu transact risk signific financi instrument financi posit perform financi liabil fair profit loss paragraph entiti design financi liabil fair profit loss paragraph requir disclos amount chang fair financi liabil attribut liabil credit risk paragraph permit entiti determin amount amount chang liabil fair attribut market condit give rise market risk relev market condit liabil observ benchmark interest rate amount estim entiti comput liabil intern rate return start period observ market price liabil liabil contractu cash flow start period deduct rate return observ benchmark interest rate start period arriv instrument specif compon intern rate return entiti calcul present cash flow liabil liabil contractu cash flow end period discount rate equal sum observ benchmark interest rate end period ii instrument specif compon intern rate return determin differ observ market price liabil end period amount determin chang fair attribut observ benchmark interest rate amount disclos assum fair aris factor instrument credit risk interest rate signific instrument embed deriv chang fair embed deriv exclud determin amount disclos accord paragraph disclosur account polici paragraph paragraph requir disclosur measur basi base prepar financi statement account polici relev understand financi statement financi instrument disclosur includ financi asset financi liabil design fair profit loss natur financi asset financi liabil entiti design fair profit loss ii criteria design financi asset financi liabil initi recognit iii entiti satisfi condit paragraph ia design instrument design accord paragraph definit financi asset financi liabil fair profit loss ia disclosur includ narr descript circumst underli measur recognit inconsist aris instrument design accord paragraph ii definit financi asset financi liabil fair profit loss ia disclosur includ narr descript design fair profit loss consist entiti document risk manag invest strategi criteria design financi asset sale regular purchas sale financi asset account trade date settlement date paragraph ia allow account reduc carri amount financi asset impair credit loss criteria determin carri amount impair financi asset reduc directli case revers write increas directli allow account ii criteria write amount charg allow account carri amount impair financi asset paragraph net gain net loss categori financi instrument determin paragraph net gain net loss item fair profit loss includ interest dividend incom criteria entiti determin object evid impair loss occur paragraph term financi asset past due impair renegoti account polici financi asset subject renegoti term paragraph paragraph ia requir entiti disclos summari signific account polici note judgement involv estim manag made process appli entiti account polici signific effect amount recognis financi statement natur extent risk aris financi instrument paragraph disclosur requir paragraph financi statement incorpor cross refer financi statement statement manag commentari risk report user financi statement term financi statement time inform incorpor cross refer financi statement incomplet quantit disclosur paragraph paragraph requir disclosur summari quantit data entiti exposur risk base inform provid intern kei manag personnel entiti entiti method manag risk exposur entiti disclos inform method method provid relev reliabl inform ia account polici account estim error discuss relev reliabl paragraph requir disclosur concentr risk concentr risk aris financi instrument similar characterist affect similarli econom condit identif concentr risk requir judgement take account circumst entiti disclosur concentr risk includ descript manag determin concentr descript share characterist identifi concentr counterparti geograph area currenc market amount risk exposur financi instrument share characterist maximum credit risk exposur paragraph paragraph requir disclosur amount repres entiti maximum exposur credit risk financi asset typic gross carri amount net amount offset accord ia impair loss recognis accord ia activ give rise credit risk maximum exposur credit risk includ limit grant loan receiv custom place deposit entiti case maximum exposur credit risk carri amount relat financi asset enter deriv contract foreign exchang contract interest rate swap credit deriv result asset measur fair maximum exposur credit risk report date equal carri amount grant financi guarante case maximum exposur credit risk maximum amount entiti pai guarante call significantli greater amount recognis liabil make loan commit irrevoc life facil revoc respons materi advers chang issuer settl loan commit net cash financi instrument maximum credit exposur full amount commit uncertain amount undrawn portion drawn futur significantli greater amount recognis liabil contractu matur analysi paragraph prepar contractu matur analysi financi liabil requir paragraph entiti judgement determin number time band entiti determin time band month month month month year year year counterparti choic amount paid liabil includ basi earliest date entiti requir pai financi liabil entiti requir repai demand demand deposit includ earliest time band entiti commit make amount instal instal alloc earliest period entiti requir pai undrawn loan commit includ time band earliest date drawn amount disclos matur analysi contractu undiscount cash flow gross financ leas oblig deduct financ charg price forward agreement purchas financi asset cash net amount pai float receiv fix interest rate swap net cash flow exchang contractu amount exchang deriv financi instrument currenc swap gross cash flow exchang gross loan commit undiscount cash flow differ amount includ balanc sheet balanc sheet amount base discount cash flow entiti disclos analysi deriv financi instrument separ deriv financi instrument contractu matur analysi financi liabil requir paragraph distinguish cash flow deriv financi instrument deriv financi instrument cash flow aris deriv financi instrument settl gross gross cash outflow accompani relat inflow amount payabl fix amount disclos determin refer condit exist report date amount payabl vari index amount disclos base level index report date market risk sensit analysi paragraph paragraph requir sensit analysi type market risk entiti expos accord paragraph entiti decid aggreg inform displai pictur combin inform characterist exposur risk significantli econom environ entiti trade financi instrument disclos inform separ financi instrument held trade held trade entiti aggreg exposur market risk area hyperinfl exposur market risk area low inflat entiti exposur type market risk econom environ show disaggreg inform paragraph requir sensit analysi show effect profit loss equiti relev risk variabl prevail market interest rate currenc rate equiti price commod price purpos entiti requir determin profit loss period relev risk variabl entiti disclos effect profit loss equiti balanc sheet date assum chang relev risk variabl occur balanc sheet date appli risk exposur exist date entiti float rate liabil end year entiti disclos effect profit loss interest expens current year interest rate vari amount entiti requir disclos effect profit loss equiti chang rang relev risk variabl disclosur effect limit rang suffici determin chang relev risk variabl entiti econom environ oper chang includ remot quot worst case quot scenario quot stress test quot rate chang underli risk variabl stabl entiti alter chosen chang risk variabl assum interest rate cent entiti determin fluctuat interest rate basi point disclos effect profit loss equiti interest rate chang cent cent period interest rate increas cent entiti continu interest rate fluctuat basi point rate chang interest rate stabl entiti disclos effect profit loss equiti interest rate chang cent cent entiti requir revis assess interest rate fluctuat basi point evid interest rate significantli volatil time frame make assess sensit analysi show effect consid period entiti present disclosur annual report period paragraph permit entiti sensit analysi reflect interdepend risk variabl risk methodolog analysi manag exposur financi risk appli methodolog measur potenti loss measur potenti gain entiti compli paragraph disclos type risk model model reli mont carlo simul explan model work main assumpt hold period confid level entiti disclos histor observ period weight appli observ period explan option dealt calcul volatil correl altern mont carlo probabl distribut simul entiti provid sensit analys busi provid type sensit analysi class financi instrument interest rate risk interest rate risk aris interest bear financi instrument recognis balanc sheet loan receiv debt instrument issu financi instrument recognis balanc sheet loan commit currenc risk currenc risk foreign exchang risk aris financi instrument denomin foreign currenc currenc function currenc measur purpos ifr currenc risk aris financi instrument monetari item financi instrument denomin function currenc sensit analysi disclos currenc entiti signific exposur price risk price risk aris financi instrument commod price equiti price compli paragraph entiti disclos effect decreas stock market index commod price risk variabl entiti residu guarante financi instrument entiti disclos increas decreas asset guarante appli exampl financi instrument give rise equiti price risk hold equiti entiti invest trust turn hold invest equiti instrument exampl includ forward contract option bui sell quantiti equiti instrument swap index equiti price fair valu financi instrument affect market price underli equiti instrument accord paragraph sensit profit loss aris instrument classifi fair profit loss impair sale financi asset disclos separ sensit equiti aris instrument classifi sale financi instrument entiti classifi equiti instrument remeasur profit loss equiti affect equiti price risk instrument sensit analysi requir appendix amend ifrss amend appendix appli annual period begin januari entiti appli ifr earlier period amend appli earlier period amend paragraph text underlin delet text struck intern financi report standard includ intern account standard interpret refer ia financi instrument disclosur present replac refer ia financi instrument present state ia financi instrument disclosur present revis amend titl amend quot ia financi instrument present quot paragraph delet paragraph amend object standard establish principl present financi instrument liabil equiti offset financi asset financi liabil appli classif financi instrument perspect issuer financi asset financi liabil equiti instrument classif relat interest dividend loss gain circumst financi asset financi liabil offset principl standard complement principl recognis measur financi asset financi liabil ia financi instrument recognit measur disclos inform ifr financi instrument disclosur scope standard appli entiti type financi instrument interest subsidiari associ joint ventur account accord ia consolid separ financi statement ia invest associ ia interest joint ventur case ia ia ia permit entiti account interest subsidiari associ joint ventur ia case entiti appli disclosur requir ia ia ia addit standard entiti appli standard deriv link interest subsidiari associ joint ventur paragraph delet sentenc paragraph amend addit requir standard disclosur interest dividend subject requir ia ifr sentenc paragraph amend entiti set intend settl net realis asset settl liabil simultan effect entiti credit risk exposur disclos accord paragraph ifr sentenc paragraph amend financi asset financi liabil subject master net arrang offset effect arrang entiti exposur credit risk disclos accord paragraph ifr paragraph delet paragraph footnot august iasb reloc disclosur relat financi instrument ifr financi instrument disclosur appendix applic guidanc paragraph ag ag sentenc paragraph ag delet ia present financi statement amend paragraph delet paragraph quot ia quot replac quot ifr financi instrument disclosur quot paragraph ii quot ia quot replac quot ifr quot sentenc paragraph amend financi institut amend descript provid inform relev oper financi institut fourth sentenc paragraph amend financi institut amend descript provid inform relev oper financi institut ia segment report amend paragraph phrase quot board director chief execut offic quot replac quot kei manag personnel quot paragraph phrase quot director manag quot replac quot kei manag personnel quot sentenc paragraph amend entiti intern organis manag structur system intern financi report kei manag personnel board director chief execut offic basi identifi predomin sourc natur risk differ rate return face entiti determin report format primari secondari provid subparagraph sentenc paragraph amend rare circumst entiti report segment inform financi statement basi report intern kei manag personnel sentenc paragraph amend standard entiti identifi busi geograph segment organis unit inform report kei manag personnel senior oper decis maker case group peopl purpos evalu unit past perform make decis futur alloc resourc paragraph ia leas quot ia financi instrument disclosur present quot replac quot ifr financi instrument disclosur quot paragraph quot ia quot replac quot ifr quot paragraph ia earn share quot ia quot replac quot ifr financi instrument disclosur quot ia financi instrument recognit measur amend april amend paragraph amend object standard establish principl recognis measur financi asset financi liabil contract bui sell financi item requir present inform financi instrument ia financi instrument present requir disclos inform financi instrument ifr financi instrument disclosur paragraph quot ia quot replac quot ifr quot paragraph amend determin fair financi asset financi liabil purpos appli standard ia ifr entiti appli paragraph ag ag appendix ia financi instrument recognit measur amend june amend paragraph definit financi asset financi liabil fair profit loss amend ifr paragraph requir entiti provid disclosur financi asset financi liabil design fair profit loss ifr time adopt intern financi report standard paragraph amend head paragraph ad ifr financi statement entiti adopt ifrss januari present year compar inform compar inform compli ia ia ifr entiti choos present compar inform compli ia ia ifr year transit appli recognit measur requir previou gaap compar inform financi instrument scope ia ia insur contract scope ifr case entiti choos present compar inform compli ia ia ifr refer quot date transit ifrss quot case standard begin ifr report period entiti requir compli paragraph ia provid addit disclosur complianc specif requir ifrss insuffici enabl user understand impact transact event condit entiti financi posit financi perform exempt requir provid compar disclosur ifr entiti adopt ifrss januari choos adopt ifr financi instrument disclosur ifr financi statement present compar disclosur requir ifr financi statement ifr insur contract amend paragraph amend financi instrument issu discretionari particip featur paragraph ifr financi instrument disclosur requir disclosur financi instrument includ financi instrument featur paragraph ad contract financi instrument issuer appli paragraph ifr contract discretionari particip featur disclos total interest expens recognis profit loss calcul interest expens effect interest method paragraph head paragraph amend paragraph ad natur extent risk aris insur contract insur disclos inform enabl user financi statement evalu natur extent risk aris insur contract compli paragraph insur disclos object polici process manag risk aris insur contract method manag risk delet inform insur risk risk mitig reinsur includ inform sensit insur risk paragraph ii concentr insur risk includ descript manag determin concentr descript share characterist identifi concentr type insur event geograph area currenc iii actual claim compar previou estim claim develop disclosur claim develop back period earliest materi claim aros uncertainti amount time claim payment back ten year insur disclos inform claim uncertainti amount time claim payment typic resolv year inform credit risk liquid risk market risk paragraph ifr requir insur contract scope ifr insur provid matur analysi requir paragraph ifr disclos inform estim time net cash outflow result recognis insur liabil form analysi estim time amount recognis balanc sheet ii insur altern method manag sensit market condit embed analysi sensit analysi meet requir paragraph ifr insur provid disclosur requir paragraph ifr inform exposur market risk aris embed deriv contain host insur contract insur requir measur embed deriv fair compli paragraph insur disclos sensit analysi show profit loss equiti affect relev risk variabl balanc sheet date occur method assumpt prepar sensit analysi previou period method assumpt insur altern method manag sensit market condit embed analysi meet requir disclos altern sensit analysi disclosur requir paragraph ifr qualit inform sensit inform term condit insur contract materi effect amount time uncertainti insur futur cash flow appendix amend ifr amend ia financi instrument recognit measur fair option appli june board issu amend ia financi instrument recognit measur fair option appli annual period begin januari entiti appli ifr annual period begin januari appli amend ia amend ifr period amend paragraph text underlin delet text struck head paragraph paragraph amend paragraph delet financi liabil fair profit loss entiti disclos method compli requir paragraph entiti believ disclosur compli requir paragraph faithfulli repres chang fair financi liabil attribut credit risk reason reach conclus factor believ relev paragraph amend criteria design initi recognit financi asset financi liabil fair profit loss amend ia present financi statement document set amend ia present financi statement amend finalis propos contain exposur draft financi instrument disclosur ed publish juli remain propos ed finalis ifr financi instrument disclosur entiti appli amend document annual period begin januari earlier applic encourag standard head paragraph ad capit entiti disclos inform enabl user financi statement evalu entiti object polici process manag capit compli paragraph entiti disclos qualit inform object polici process manag capit includ limit descript manag capit ii entiti subject extern impos capit requir natur requir requir incorpor manag capit iii meet object manag capit summari quantit data manag capit entiti regard financi liabil form subordin debt part capit entiti regard capit exclud compon equiti compon aris cash flow hedg previou period period compli extern impos capit requir subject entiti compli extern impos capit requir consequ complianc disclosur base inform provid intern entiti kei manag personnel entiti manag capit number wai subject number capit requir conglomer includ entiti undertak insur activ bank activ entiti oper jurisdict aggreg disclosur capit requir capit manag provid inform distort financi statement user understand entiti capit resourc entiti disclos separ inform capit requir entiti subject amend intern financi report standard ia financi instrument recognit measur ifr insur contract financi guarante contract amend standard document set amend ia financi instrument recognit measur ifr insur contract consequenti amend ia financi instrument disclosur present ifr financi instrument disclosur document amend basi conclus ia ifr guidanc implement ifr appendix accompani ia provis conting liabil conting asset amend result propos contain exposur draft propos amend ia ifr financi guarante contract credit insur publish juli entiti appli amend annual period begin januari earlier applic encourag entiti adopt amend earlier period disclos fact amend ia standard paragraph delet paragraph amend paragraph definit financi liabil fair profit loss amend definit ad immedi definit sale financi asset paragraph ag renumb ag paragraph ag amend renumb ag paragraph ag ad paragraph present conveni amend amend paragraph transfer measur requir loan commit scope section standard measur section chang requir standard appli entiti type financi instrument right oblig aris insur contract defin ifr insur contract issuer right oblig aris insur contract meet definit financi guarante contract paragraph ii contract scope ifr discretionari particip featur standard appli deriv embed contract scope ifr deriv contract scope ifr paragraph appendix paragraph ag ag issuer financi guarante contract previous assert explicitli contract insur contract account applic insur contract issuer elect appli standard ifr financi guarante contract paragraph ag ag issuer make elect contract contract elect contract irrevoc loan commit loan commit paragraph issuer loan commit appli ia loan commit scope standard loan commit subject derecognit provis standard paragraph appendix paragraph ag ag loan commit scope standard loan commit entiti design financi liabil fair profit loss entiti past practic sell asset result loan commit shortli origin appli standard loan commit class loan commit settl net cash deliv issu financi instrument loan commit deriv loan commit regard settl net loan paid instal mortgag construct loan paid instal line progress construct commit provid loan market interest rate paragraph specifi subsequ measur liabil aris loan commit definit categori financi instrument financi asset financi liabil fair profit loss financi asset financi liabil meet condit classifi held trade financi asset financi liabil classifi held trade iii deriv deriv financi guarante contract design effect hedg instrument definit financi guarante contract financi guarante contract contract requir issuer make payment reimburs holder loss incur debtor fail make payment due accord origin modifi term debt instrument initi measur financi asset financi liabil financi asset financi liabil recognis initi entiti measur fair case financi asset financi liabil fair profit loss transact cost directli attribut acquisit issu financi asset financi liabil subsequ measur financi liabil initi recognit entiti measur financi liabil amortis cost effect interest method financi liabil fair profit loss liabil includ deriv liabil measur fair deriv liabil link settl deliveri unquot equiti instrument fair reliabl measur measur cost financi liabil aris transfer financi asset qualifi derecognit continu involv approach appli paragraph appli measur financi liabil financi guarante contract defin paragraph initi recognit issuer contract paragraph appli measur higher amount determin accord ia provis conting liabil conting asset ii amount initi recognis paragraph cumul amortis recognis accord ia revenu commit provid loan market interest rate initi recognit issuer commit paragraph appli measur higher amount determin accord ia ii amount initi recognis paragraph cumul amortis recognis accord ia financi liabil design hedg item subject hedg account requir paragraph ag financi guarante contract legal form guarante type letter credit credit default contract insur contract account treatment depend legal form exampl treatment paragraph financi guarante contract meet definit insur contract ifr risk transfer signific issuer appli standard issuer previous assert explicitli contract insur contract account applic insur contract issuer elect appli standard ifr financi guarante contract standard appli paragraph requir issuer recognis financi guarante contract initi fair financi guarante contract issu unrel parti stand arm length transact fair incept equal premium receiv evid contrari subsequ financi guarante contract design incept fair profit loss paragraph ag ag appli transfer financi asset qualifi derecognit continu involv approach appli issuer measur higher amount determin accord ia ii amount initi recognis cumul amortis recognis accord ia paragraph credit relat guarante precondit payment requir holder expos incur loss failur debtor make payment guarante asset due guarante requir payment respons credit rate credit index guarante financi guarante contract defin standard insur contract defin ifr guarante deriv issuer appli standard financi guarante contract issu connect sale good issuer appli ia determin recognis revenu guarante sale good ag assert issuer contract insur contract typic found issuer commun custom regul contract busi document financi statement insur contract subject account requir distinct requir type transact contract issu bank commerci compani case issuer financi statement typic includ statement issuer account requir financi guarante contract amend ia ifr issu august amend paragraph ag ad paragraph ag ad definit financi guarante contract paragraph delet paragraph entiti appli amend annual period begin januari earlier applic encourag entiti appli earlier period disclos fact appli relat amend ia ifr time amend ifr paragraph amend paragraph insert definit financi guarante contract insert appendix definit fair definit financi risk entiti appli ifr financi guarante contract issuer previous assert explicitli contract insur contract account applic insur contract case issuer elect appli ia ia standard financi guarante contract issuer make elect contract contract elect contract irrevoc financi guarante contract amend ia ifr issu august amend paragraph entiti appli amend annual period begin januari earlier applic encourag entiti appli amend earlier period disclos fact appli relat amend ia ia time appendix defin term financi guarante contract contract requir issuer make payment reimburs holder loss incur debtor fail make payment due accord origin modifi term debt instrument appendix exampl contract insur contract transfer insur risk signific credit insur payment made reimburs holder loss incur debtor fail make payment due origin modifi term debt instrument contract legal form guarante type letter credit credit deriv default contract insur contract contract meet definit insur contract meet definit financi guarante contract ia scope ia ia ifr paragraph issuer financi guarante contract previous assert explicitli contract insur contract account applic insur contract issuer elect appli ia ia standard financi guarante contract exampl item insur contract credit relat guarante letter credit credit deriv default contract credit insur contract requir payment holder incur loss failur debtor make payment due ia amend standard entiti appli consequenti amend ia ifr appli ifr appli relat amend ia ifr ia financi instrument disclosur present paragraph amend standard appli entiti type financi instrument insur contract defin ifr insur contract standard appli deriv embed insur contract ia requir entiti account separ issuer appli standard financi guarante contract issuer appli ia recognis measur contract appli ifr issuer elect accord paragraph ifr appli ifr recognis measur term defin paragraph ia standard mean ia financi asset financi liabil fair profit loss financi guarante contract firm commit ifr financi instrument disclosur paragraph ifr list defin term appendix ifr amend ia ifr appli entiti type financi instrument insur contract defin ifr insur contract ifr appli deriv embed insur contract ia requir entiti account separ issuer appli ifr financi guarante contract issuer appli ia recognis measur contract appli ifr issuer elect accord paragraph ifr appli ifr recognis measur appendix defin term term defin paragraph ia paragraph ia ifr mean ia ia financi asset financi liabil fair profit loss financi guarante contract financi asset financi liabil held trade refer updat entiti adopt ifr ia paragraph ifr paragraph paragraph appendix refer ifric interpret liabil aris particip specif market wast electr electron equip refer ia account polici account estim error ia provis conting liabil conting asset background paragraph ia specifi oblig event past event lead present oblig entiti realist altern settl paragraph ia state provis recognis quot oblig aris past event exist independ entiti futur action quot european union direct wast electr electron equip amp ee regul collect treatment recoveri environment sound dispos wast equip rise question liabil decommiss amp ee recognis direct distinguish quot quot quot histor quot wast wast privat household wast sourc privat household wast relat product sold august household equip sold date deem give rise histor wast purpos direct direct state cost wast manag histor household equip born produc type equip market period applic legisl member state measur period direct state member state establish mechan produc contribut cost proportion quot proport respect share market type equip quot term interpret quot market share quot quot measur period quot defin differ applic legisl individu member state length measur period year month similarli measur market share formula comput oblig differ nation legisl exampl affect measur liabil scope interpret scope interpret guidanc recognit financi statement produc liabil wast manag eu direct amp ee respect sale histor household equip interpret address wast histor wast sourc privat household liabil wast manag adequ cover ia nation legisl wast privat household treat similar manner histor wast privat household principl interpret appli refer hierarchi paragraph ia ia hierarchi relev regul impos oblig similar cost attribut model eu direct issu ifric ask determin context decommiss amp ee constitut oblig event accord paragraph ia recognit provis wast manag cost manufactur sale histor household equip particip market measur period incurr cost perform wast manag activ consensu particip market measur period oblig event accord paragraph ia consequ liabil wast manag cost histor household equip aris product manufactur sold oblig histor household equip link particip market measur period product sale item dispos oblig market share exist measur period time oblig event independ period activ perform wast manag undertaken relat cost incur effect date entiti appli interpret annual period begin decemb earlier applic encourag entiti appli interpret period begin decemb disclos fact transit account polici account accord ia