Introduction
 

IN1-IN7

Objective
 

1

Scope
 

2-5

Recognition and Measurement
 

6-34

Opening IFRS balance sheet
 

6

Accounting policies
 

7-12

Exemption from other IFRSs
 

13-25

Business combinations

15

Fair value or revaluation as deemed cost

16-19

Employee benefits

20

Cumulative translation differences

21-22

Compound financial instruments

23

Assets and liabilities of subsidiaries, associates and joint ventures

24-25

Designation of previously recognised financial instruments

25A

Share-based payment transactions

25B-25C

Insurance contracts

25D

Changes in existing decommissioning, restoration and similar liabilities included in the cost of property, plant and equipment

25E

Fair value measurement of financial assets or financial liabilities

25G

Exceptions to retrospective application of other IFRSs
 

26-34

Derecognition of financial assets and financial liabilities

27

Hedge accounting

28-30

Estimates

31-34

Assets Classified as Held for Sale and Discontinued Operations

34A-34B

Presentation and Disclosure
 

35-46

Comparative Information
 

36-37

Exemption from the requirement to restate comparative information for IAS 39 and IFRS 4

36A

Explanation of transition to IFRSs
 

38-46

Reconciliations

39-43

Designation of financial assets or financial liabilities

43A

Use of fair value as deemed cost

44

Interim financial reports

45-46

Effective Date

47

Appendix A

A

Defined Terms

Appendix B

B1-B3

Business Combinations