Financial Reporting Standards Effective for annual periods beginning on 1 January 2013 The standards issued by the ASC are published for your personal use only. As the FRSs and INT FRSs issued by the ASC are based on the IASs/IFRSs and SICs/IFRICs issued by the International Accounting Standards Board, please contact the IFRS Foundation for permission to use the standards for third-party and commercial purposes. This collection of FRSs and INT FRSs includes official pronouncements issued by the ASC (up to 31 December 2012) and are required to be applied for annual period beginning on 1 January 2013. The collection does not include new/revised/amendments to FRSs and INT FRSs which are effective for annual periods beginning after 1 January 2013. Preface and Conceptual Framework Reference Title Preface Preface to Financial Reporting Standards (113 KB) Preface to Interpretations of Financial Reporting Standards (25 KB) Framework The Conceptual Framework for Financial Reporting (310 KB) Financial Reporting Standards Reference Title Accompanying Documents* FRS 1 Presentation of Financial Statements (398 KB) IG (368 KB) FRS 2 Inventories (223 KB) - FRS 7 Statement of Cash Flows (211 KB) IE (271 KB) FRS 8 Accounting Policies, Changes in Accounting Estimates and Errors (282 KB) IG (165 KB) FRS 10 Events after the Reporting Period (181 KB) - FRS 11 Construction Contracts (47 KB) IE (22 KB) FRS 12 Income Taxes (360 KB) IE (427 KB) FRS 16 Property, Plant and Equipment (306 KB) - FRS 17 Leases (314 KB) IG (104 KB) FRS 18 Revenue (46 KB) IE (40 KB) FRS 19 Employee Benefits (512 KB) - FRS 20 Accounting for Government Grants and Disclosure of Government Assistance (171 KB) - FRS 21 The Effects of Changes in Foreign Exchange Rates (293 KB) - FRS 23 Borrowing Costs (143 KB) - FRS 24 Related Party Disclosures (211 KB) IE (251 KB) FRS 26 Accounting and Reporting by Retirement Benefit Plans (192 KB) - FRS 27 Consolidated and Separate Financial Statements (275 KB) IG (118 KB) FRS 28 Investments in Associates (74 KB) IG (118 KB) FRS 29 Financial Reporting in Hyperinflationary Economies (135 KB) - FRS 31 Interests in Joint Ventures (86 KB) IG (118 KB) FRS 32 Financial Instruments: Presentation (404 KB) IE (406 KB) FRS 33 Earnings per Share (293 KB) IE (420 KB) FRS 34 Interim Financial Reporting (227 KB) IE (185 KB) FRS 36 Impairment of Assets (199 KB) IE FRS 37 Provisions, Contingent Liabilities and Contingent Assets (264 KB) IG (49 KB) FRS 38 Intangible Assets (335 KB) IE (21 KB) FRS 39 Financial Instruments: Recognition and Measurement (644 KB) IE (166 KB), IG (974 KB) FRS 40 Investment Property (251 KB) - FRS 41 Agriculture (208 KB) IE (161 KB) FRS 101 First-time Adoption of Financial Reporting Standards (381 KB) IG (444 KB) FRS 102 Share-based Payment (424 KB) IG (359 KB) FRS 103 Business Combinations (403 KB) IE (351 KB) FRS 104 Insurance Contracts (299 KB) IG (495 KB) FRS 105 Non-current Assets Held for Sale and Discontinued Operations (191 KB) IG (238 KB) FRS 106 Exploration for and Evaluation of Mineral Resources (143 KB) - FRS 107 Financial Instruments: Disclosures (440 KB) IG (304 KB) FRS 108 Operating Segments (180 KB) IG (217 KB) FRS 113 Fair Value Measurement (427 KB) IE (478 KB) * Include Implementation Guidance (IG) and Illustrative Examples (IE). Interpretations of Financial Reporting Standards Reference Title Accompanying Documents* INT FRS 7 Introduction of the Euro (101 KB) - INT FRS 10 Government Assistance - No Specific Relation to Operating Activities (160 KB) - INT FRS 12 Consolidation – Special Purpose Entities (172 KB) IG (103 KB) INT FRS 13 Jointly Controlled Entities - Non-Monetary Contributions by Venturers (16 KB) - INT FRS 15 Operating Leases - Incentives (197 KB) IE (96 KB) INT FRS 25 Income Taxes - Changes in the Tax Status of an Entity or its Shareholders (161 KB) - INT FRS 27 Evaluating the Substance of Transactions Involving the Legal Form of a Lease (155 KB) IG (66 KB) INT FRS 29 Service Concession Arrangements: Disclosures (96 KB) - INT FRS 31 Revenue - Barter Transactions Involving Advertising Services (156 KB) - INT FRS 32 Intangible Assets - Web Site Costs (221 KB) IE (18 KB) INT FRS 101 Changes in Existing Decommissioning, Restoration and Similar Liabilities (156 KB) IE (27 KB) INT FRS 104 Determining whether an Arrangement contains a Lease (167 KB) IE (106 KB) INT FRS 105 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds (148 KB) - INT FRS 106 Liabilities arising from Participating in a Specific Market - Waste Electrical and Electronic Equipment (211 KB) - INT FRS 107 Applying the Restatement Approach under FRS 29 Financial Reporting in Hyperinflationary Economies (147 KB) IE (204 KB) INT FRS 109 Reassessment of Embedded Derivatives (116 KB) - INT FRS 110 Interim Financial Reporting and Impairment (106 KB) - INT FRS 112 Service Concession Arrangements (106 KB) IN & IE (313 KB) INT FRS 113 Customer Loyalty Programmes (116 KB) IE (142 KB) INT FRS 114 FRS 19 - The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction (224 KB) IE (132 KB) INT FRS 115 Agreements for the Construction of Real Estate (163 KB) Accompanying Note (48 KB) [INT FRS 115 is to be read together with the Accompanying Note] IN & IE (30 KB) INT FRS 116 Hedges of a Net Investment in a Foreign Operation (241 KB) IE (64 KB) INT FRS 117 Distributions of Non-cash Assets to Owners (160 KB) IE (53 KB) INT FRS 118 Transfers of Assets from Customers (164 KB) IE (64 KB) INT FRS 119 Extinguishing Financial Liabilities with Equity Instruments (155 KB) - INT FRS 120 Stripping Costs in the Production Phase of a Surface Mine (120 KB) - * Include Implementation Guidance (IG) and Illustrative Examples (IE).