Singapore Financial Reporting Standards (International)
Effective for annual reporting period beginning on 1 January 2019

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 IFRS Standards 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 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.

This collection of SFRS(I)s includes official pronouncements issued by the ASC up to 31 December 2018 and are required to be applied for annual reporting period beginning on 1 January 2019. The collection does not include new/revised/amendments to SFRS(I)s which are effective for annual reporting periods beginning after 1 January 2019.

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)



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) 16 Leases 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) 1-19 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 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 23 Uncertainty over Income Tax Treatments 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 1-25 Income Taxes - Changes in the Tax Status of an Entity or its Shareholders -
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 they are materials on the IFRS Foundation's website.

Basis for Conclusions on IFRS Standards [to be published]

Please click here to download all the SFRS(I)s and SFRS(I) Interpretations in the 2019 volume.


Archived documents can be accessed here.


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Last updated on 30 January 2019