IFRS disclosure checklist 2017 - PwC

IFRS disclosure checklist

2017

Introduction

IFRS disclosure checklist 2017

The IFRS disclosure checklist has been updated to outline the disclosures required for December 2017 year ends. It also contains a section (Section C) which provides the disclosures required of entities that early-adopt IFRSs effective for annual periods beginning after 1 January 2018.

The most recently issued standards and interpretations from the IASB and IFRIC are:

Standards and interpretations Amendment to IAS 7 on disclosure initiative

Amendment to IAS 12 on recognition of deferred tax assets for unrealised losses

IFRS effective date Annual periods beginning on or after 1 January 2017

Annual periods beginning on or after 1 January 2017

Forthcoming standards and interpretations IFRS 2, Share-based payment Amendment on clarifying sharebased payment transactions IFRS 9, Financial instruments

Amendment to IFRS 9, Financial instruments on general hedge accounting Amendment to IFRS 9,Financial instruments on prepayment features with negative compensation

Amendments to IFRS 4, `Insurance contracts' regarding the implementation of IFRS 9, `Financial instruments'

Annual periods beginning on or after 1 January 2018

Annual periods beginning on or after 1 January 2018

Annual periods beginning on or after 1 January 2018 Annual periods beginning on or after 1 January 2019 Annual periods beginning on or after 1 January 2018

Amendments to IAS 28

Annual periods beginning on or after 1 January 2019

IFRS 15, 'Revenue from contracts with customers'

Annual periods beginning on or after 1 January 2018

Amendments to IFRS 15 ' Revenue from contracts with customers' - Annual periods beginning on or after

Clarifications

1 January 2018

IFRS 16, 'Leases' IFRS 17,'Insurance contracts'

Annual periods beginning on or after 1 January 2019

Annual periods beginning on or after 1 January 2021

IFRIC 22, `Foreign currency transactions and advance consideration'

IFRIC 23, `Uncertainty over income tax treatments'

Annual periods beginning on or after 1 January 2018

Annual periods beginning on or after 1 January 2019

Introduction

Contents

IFRS disclosure checklist 2017

Section A A1 A2 A3 A4 A5 A6 A7 A8 A9

Disclosures for consideration by all entities General requirements Accounting policies Statement of Comprehensive Income/Income Statement Statement of Financial Position (Balance Sheet) Statement of Cash Flows Statement of Changes in Equity Statement of Recognised Income and Expense Capital Disclosure Fair Value Hierarchy Transfers

Section B B1 B2 B3 B4 B5 B6 B7

Additional Disclosures IFRS 1 First time adoption IAS 29 Hyperinflation IAS 33 Earnings per Share IAS 41 Agriculture IFRS 4 Insurance contracts IFRS 8 Operating Segments IFRS 14 - Regulatory deferral accounts

Section C

Standards not yet effective

C1

Revenue from contracts with customers

C2

Financial instruments - new disclosures required by IFRS 9 (2014)

C3

Leases - new disclosures required by IFRS 16

Page

5 10 18 33 157 162 163 163 164

171 176 177 180 183 186 193

201 209 241

Contents

Section A ? Disclosures for consideration by all entities

IFRS disclosure checklist 2017 Section A: Disclosures for consideration by all entities

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