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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:

The updated EFRAG Endorsement Status Report can be downloaded below and under the menu 'Endorsement Status'.

EFRAG Endorsement Status Report 18 March 2019 .pdf