Singapore Financial Reporting Standards (International)
Changes effective for annual periods beginning after 1 January 2018

Singapore Financial Reporting Standards (International) (SFRS(I)s) refer to Singapore Financial Reporting Standards (International) and SFRS(I) Interpretations issued by the ASC.

SFRS(I)s issued by the ASC are published for your own personal non-commercial use only, subject to the Terms & Conditions of Use of this Web Site. As SFRS(I)s are based on IFRS Standards and the copyright to IFRS Standards is owned by the IFRS Foundation, permission to use SFRS(I)s for any other purpose is required from the ASC and the IFRS Foundation with regard to SFRS(I)s and IFRS Standards, respectively.

The following are new/revised/amendments to SFRS(I)s issued by the ASC up to 31 December 2018 which are effective for annual periods beginning after 1 January 2018.

 Singapore Financial Reporting Standards (International)
Reference Title Effective Date
Issuance Date
Issued in 2017
SFRS(I) 10, SFRS(I) 1-28 Amendments to SFRS(I) 10 and SFRS(I) 1-28: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture To be determined 29 Dec 2017
SFRS(I) 16
Leases
Illustrative Examples
1 Jan 2019 29 Dec 2017
SFRS(I) 9 Amendments to SFRS(I) 9: Prepayment Features with Negative Compensation 1 Jan 2019 29 Dec 2017
SFRS(I) 1-28 Amendments to SFRS(I) 1-28: Long-term Interests in Associates and Joint Ventures 1 Jan 2019 29 Dec 2017
Issued in 2018
Various Annual Improvements to SFRS(I)s 2015-2017 Cycle 1 Jan 2019 7 Mar 2018
SFRS(I) 17 Insurance Contracts
Illustrative Examples
1 Jan 2021 29 Mar 2018
SFRS(I) 1-19 Amendments to SFRS(I) 1-19: Plan Amendment, Curtailment or Settlement 1 Jan 2019 31 Jul 2018

 SFRS(I) Interpretations
Reference Title Effective Date
Issuance Date
Issued in 2017
SFRS(I) INT 23
Uncertainty over Income Tax Treatments
Illustrative Examples
1 Jan 2019 29 Dec 2017

Other accompanying documents

SFRS(I)s should be read in the context of the Basis for Conclusions on IFRS Standards issued by the IASB. The Basis for Conclusions summarises the IASB’s considerations in developing IFRS Standards. The use of the Basis for Conclusions is subject to the IFRS Foundation's Terms and Conditions as if they are materials on the IFRS Foundation's website.

 Basis for Conclusions on IFRS Standards



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Last updated on 28 December 2018