Singapore Financial Reporting Standards (International)

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 comprise Standards and Interpretations that are equivalent to International Financial Reporting Standards (IFRS Standards) issued by the International Accounting Standards Board (IASB). Table of SFRS(I)s and IFRSs can be accessed here.
 
The ASC’s policy intent is that an entity complying with SFRS(I)s can elect to simultaneously include an explicit and unreserved statement of compliance with IFRS Standards in its first SFRS(I) financial statements, and thereafter, in its subsequent SFRS(I) financial statements.

SFRS(I)s are available for entities to apply for annual reporting periods beginning on or after 1 January 2018.

The first volume of SFRS(I)s contains the equivalent of the consolidated text of IFRS Standards as issued by the IASB at 31 December 2017 that are applicable for annual reporting period beginning on 1 January 2018.

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.


First Volume of Singapore Financial Reporting Standards (International)

Statement on Applicability
Reference Title
Statement on Applicability Statement on Applicability

Preface, Conceptual Framework and Glossary

Singapore Financial Reporting Standards (International)
Reference Title Accompanying Documents*
SFRS(I) 1 First-time Adoption of Singapore Financial Reporting Standards (International) IG
SFRS(I) 2 Share-based Payment IG
SFRS(I) 3 Business Combinations IE
SFRS(I) 4 Insurance Contracts

Appendix D.1 SFRS(I) 1-39 Financial Instruments: Recognition and Measurement (For entities applying the temporary exemption from SFRS(I) 9)

Appendix D.2 SFRS(I) INT 9 Reassessment of Embedded Derivatives (For entities applying the temporary exemption from SFRS(I) 9)

Appendix D.3 Other SFRS(I)s excluding amendments by SFRS(I) 9 Financial Instruments (For entities applying the temporary exemption from SFRS(I) 9)
IG

IE , IG


-


IG
SFRS(I) 5 Non-current Assets Held for Sale and Discontinued Operations IG
SFRS(I) 6 Exploration for and Evaluation of Mineral Resources -
SFRS(I) 7 Financial Instruments: Disclosures IG
SFRS(I) 8 Operating Segments IG
SFRS(I) 9 Financial Instruments IE & IG
SFRS(I) 10 Consolidated Financial Statements IE
SFRS(I) 11 Joint Arrangements IE
SFRS(I) 12 Disclosure of Interests in Other Entities -
SFRS(I) 13 Fair Value Measurement IE
SFRS(I) 14 Regulatory Deferral Accounts IE
SFRS(I) 15 Revenue from Contracts with Customers IE
SFRS(I) 1-1 Presentation of Financial Statements IG
SFRS(I) 1-2 Inventories -
SFRS(I) 1-7 Statement of Cash Flows IE
SFRS(I) 1-8 Accounting Policies, Changes in Accounting Estimates and Errors IG
SFRS(I) 1-10 Events after the Reporting Period -
SFRS(I) 1-12 Income Taxes IE
SFRS(I) 1-16 Property, Plant and Equipment -
SFRS(I) 1-17 Leases IG
SFRS(I) 1-19 Employee Benefits -
SFRS(I) 1-20 Accounting for Government Grants and Disclosure of Government Assistance -
SFRS(I) 1-21 The Effects of Changes in Foreign Exchange Rates -
SFRS(I) 1-23 Borrowing Costs IG
SFRS(I) 1-24 Related Party Disclosures IE
SFRS(I) 1-26 Accounting and Reporting by Retirement Benefit Plans -
SFRS(I) 1-27 Separate Financial Statements -
SFRS(I) 1-28 Investments in Associates and Joint Ventures -
SFRS(I) 1-29 Financial Reporting in Hyperinflationary Economies -
SFRS(I) 1-32 Financial Instruments: Presentation IE
SFRS(I) 1-33 Earnings per Share IE
SFRS(I) 1-34 Interim Financial Reporting IE
SFRS(I) 1-36 Impairment of Assets IE
SFRS(I) 1-37 Provisions, Contingent Liabilities and Contingent Assets IG
SFRS(I) 1-38 Intangible Assets IE
SFRS(I) 1-39 Financial Instruments: Recognition and Measurement IE & IG
SFRS(I) 1-40 Investment Property -
SFRS(I) 1-41 Agriculture IE
* Include Implementation Guidance (IG), Illustrative Examples (IE) and Information Notes.

SFRS(I) Interpretations
Reference Title Accompanying Documents*
SFRS(I) INT 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities IE
SFRS(I) INT 2 Members' Shares in Co-operative Entities and Similar Instruments -
SFRS(I) INT 4 Determining whether an Arrangement contains a Lease IE
SFRS(I) INT 5 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds -
SFRS(I) INT 6 Liabilities arising from Participating in a Specific Market - Waste Electrical and Electronic Equipment -
SFRS(I) INT 7 Applying the Restatement Approach under SFRS(I) 1-29 Financial Reporting in Hyperinflationary Economies IE
SFRS(I) INT 10 Interim Financial Reporting and Impairment -
SFRS(I) INT 12 Service Concession Arrangements IN & IE
SFRS(I) INT 14 SFRS(I) 1-19 - The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction IE
SFRS(I) INT 16 Hedges of a Net Investment in a Foreign Operation IE
SFRS(I) INT 17 Distributions of Non-cash Assets to Owners IE
SFRS(I) INT 19 Extinguishing Financial Liabilities with Equity Instruments -
SFRS(I) INT 20 Stripping Costs in the Production Phase of a Surface Mine -
SFRS(I) INT 21 Levies IE
SFRS(I) INT 22 Foreign Currency Transactions and Advance Consideration IE
SFRS(I) INT 1-7 Introduction of the Euro -
SFRS(I) INT 1-10 Government Assistance - No Specific Relation to Operating Activities -
SFRS(I) INT 1-15 Operating Leases - Incentives IE
SFRS(I) INT 1-25 Income Taxes - Changes in the Tax Status of an Entity or its Shareholders -
SFRS(I) INT 1-27 Evaluating the Substance of Transactions Involving the Legal Form of a Lease IG
SFRS(I) INT 1-29 Service Concession Arrangements: Disclosures -
SFRS(I) INT 1-32 Intangible Assets - Web Site Costs IE
* Include Implementation Guidance (IG), Illustrative Examples (IE) and Information Notes.


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 it is published on the IFRS Foundation's website.

Basis for Conclusions on IFRS Standards
Reference Title
IFRS 1 First-time Adoption of International Financial Reporting Standards
IFRS 2 Share-based Payment
IFRS 3 Business Combinations
IFRS 4 Insurance Contracts
IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
IFRS 6 Exploration for and Evaluation of Mineral Resources
IFRS 7  Financial Instruments: Disclosures
IFRS 8   Operating Segments
IFRS 9 Financial Instruments
IFRS 10 Consolidated Financial Statements
IFRS 11 Joint Arrangements
IFRS 12 Disclosure of Interests in Other Entities
IFRS 13 Fair Value Measurement
IFRS 14 Regulatory Deferral Accounts
IFRS 15 Revenue from Contracts with Customers
IAS 1 Presentation of Financial Statements
IAS 2 Inventories
IAS 7  Statement of Cash Flows
IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
IAS 10  Events after the Reporting Period
IAS 12 Income Taxes
IAS 16  Property, Plant and Equipment
IAS 17 Leases
IAS 19 Employee Benefits
IAS 20 Accounting for Government Grants and Disclosure of Government Assistance
IAS 21 The Effects of Changes in Foreign Exchange Rates
IAS 23 Borrowing Costs
IAS 24 Related Party Disclosures
IAS 27 Separate Financial Statements
IAS 28 Investments in Associates and Joint Ventures
IAS 29 Financial Reporting in Hyperinflationary Economies
IAS 32 Financial Instruments: Presentation
IAS 33 Earnings per Share
IAS 34 Interim Financial Reporting
IAS 36 Impairment of Assets
IAS 38 Intangible Assets
IAS 39 Financial Instruments: Recognition and Measurement
IAS 40 Investment Property
IAS 41  Agriculture
International Financial Reporting Standards (IFRS), International Accounting Standards (IAS)

Reference Title
IFRIC 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities
IFRIC 2 Members' Shares in Co-operative Entities and Similar Instruments
IFRIC 4 Determining whether an Arrangement contains a Lease
IFRIC 5 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds
IFRIC 6 Liabilities arising from Participating in a Specific Market - Waste Electrical and Electronic Equipment
IFRIC 7 Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies
IFRIC 10 Interim Financial Reporting and Impairment
IFRIC 12 Service Concession Arrangements
IFRIC 14 IAS 19 - The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction
IFRIC 16 Hedges of a Net Investment in a Foreign Operation
IFRIC 17 Distributions of Non-cash Assets to Owners
IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments
IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine
IFRIC 21 Levies
IFRIC 22 Foreign Currency Transactions and Advance Consideration
SIC-7 Introduction of the Euro
SIC-10 Government Assistance - No Specific Relation to Operating Activities
SIC-15 Operating Leases - Incentives
SIC-25 Income Taxes - Changes in the Tax Status of an Entity or its Shareholders
SIC-27 Evaluating the Substance of Transactions Involving the Legal Form of a Lease
SIC-29 Service Concession Arrangements: Disclosures
SIC-32 Intangible Assets - Web Site Costs
IFRIC Interpretations (IFRIC), SIC Interpretations (SIC)  


Please click here to download all the SFRS(I)s and SFRS(I) Interpretations in the first volume.

 


 

 

If you do not already have Adobe Reader, please download the software for free here:[pdf]

Last updated on 19 September 2018