18/03/2019 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of Annual Improvements to IFRS Standards 2015-2017 Cycle is now reflected in the Endorsement Status Report.
The European Union has published a Commission Regulation endorsing Annual Improvements to IFRS Standards 2015-2017 Cycle. The Amendments are effective for annual periods beginning on or after 1 January 2019.
The Amendments relate to the following:
- IFRS 3 Business Combinations and IFRS 11 Joint Arrangements: previously held interest in a joint operation;
- IAS 12 Income Taxes: income tax consequences of payments on financial instruments classified as equity; and
- IAS 23 Borrowing Costs: borrowing costs eligible for capitalisation.
Link to the publication in the Official Journal of the European Union: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2019.073.01.0093.01.ENG&toc=OJ:L:2019:073:TOC.
The updated EFRAG Endorsement Status Report can be downloaded below and under the menu 'Endorsement Status'.