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

20-20A

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

Determining whether an arrangement contains a lease

25F

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

Exemption from the requirement to provide comparative disclosures for IFRS 6

36B

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