www.pwc.

com/ifrs
IFRS disclosure
checklist 2009
I
F
R
S

d
i
s
c
l
o
s
u
r
e

c
h
e
c
k
l
i
s
t

2
0
0
9
UP/GCR092-B19001
19954_Disclosure C'List_15mm.indd 1 20/10/2009 11:57:41
Presentation of income under IFRS
Trends in use and presentation of
non-GAAP income measures in IFRS
financial statements.
IFRS: The European investors’ view
Impact of IFRS reporting on fund
managers’ perceptions of value and their
investment decisions.
Joining the dots – survey of narrative
reporting practices
Survey of the quality of narrative reporting
among FTSE 350 companies, identifying
where action is needed in the next reporting
cycle for companies to gain a competitive
edge and help restore trust in this tough
economic environment.
Recasting the reporting model
Survey of corporate entities and investors,
and PwC insights on how to simplify and
enhance communications.
Measuring assets and liabilities
Survey of investment professionals, looking
at their use of the balance sheet in analysing
performance and the measurement bases
for assets and liabilities that best suit
their needs.
Performance statement: coming
together to shape the future
2007 survey of what investment
professionals and corporate management
require to assess performance.
Corporate reporting: is it what
investment professionals expect?
Survey looking at the information that
companies provide, and whether investors
and analysts have the information they need
to assess corporate performance.
IFRS 7: Potential impact of
market risks
Examples of how market risks can
be calculated.
The EU Transparency Directive
Guidance for listed companies required
to implement the EU’s new Transparency
Directive rules relating to periodic reporting
requirements.
© 2009 PricewaterhouseCoopers. All rights reserved. PricewaterhouseCoopers refers to the network of member firms
of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.
PricewaterhouseCoopers’ IFRS and corporate governance publications and tools 2009 PricewaterhouseCoopers’ IFRS and corporate governance publications and tools 2009
IFRS technical publications IFRS surveys and market issues
Corporate governance publications
Audit Committees – Good Practices for Meeting
Market Expectations
Provides PwC views on good practice and summarises
audit committee requirements in over 40 countries.
IFRS for SMEs – pocket guide 2009
Provides a summary of the recognition and measurement
requirements in the ‘IFRS for small and medium-sized
entities’ published by the International Accounting
Standards Board in July 2009.
Similarities and differences – a comparison of ‘full
IFRS’ and IFRS for SMEs
60-page publication comparing the requirements of the
IFRS for small and medium-sized entities with ‘full IFRS’
issued up to July 2009. An executive summary outlines
some key differences that have implications beyond the
entity’s reporting function.
Comperio – Your path to knowledge
On-line library of global financial reporting and
assurance literature. Contains full text of financial
reporting standards of US GAAP and IFRS, plus
materials of specific relevance to 10 other territories.
Register for a free trial at www.pwccomperio.com
P2P IFRS – from principle to practice
Interactive IFRS training
PwC’s interactive electronic learning tool brings you
up to speed on IFRS. Contains 23 hours of learning
in 40 interactive modules. Up to date as of March
2009. For more information, visit www.pwc.com/ifrs
PwC inform – IFRS on-line
On-line resource for finance professionals globally,
covering financial reporting under IFRS (and UK
GAAP). Use PwC inform to access the latest news,
PwC guidance, comprehensive research materials
and full text of the standards. The search function
and intuitive layout enable users to access all they
need for reporting under IFRS. Register for a free trial
at www.pwcinform.com
IFRS pocket guide 2009
Provides a summary of the IFRS recognition and
measurement requirements. Including currencies,
assets, liabilities, equity, income, expenses, business
combinations and interim financial statements.
IFRS news
Monthly newsletter focusing on the business implications
of the IASB’s proposals and new standards. Subscribe by
emailing corporatereporting@uk.pwc.com.
Illustrative interim nancial information for
existing preparers
Illustrative information, prepared in accordance with
IAS 34, for a fictional existing IFRS preparer. Includes a
disclosure checklist and IAS 34 application guidance.
Reflects standards issued up to 31 March 2009.
Illustrative IFRS corporate consolidated nancial
statements for 2009 year ends
Illustrative set of consolidated financial statements for an
existing preparer of IFRS. Includes an appendix showing
example disclosures under IFRS 3 (revised).
Included with Manual of accounting – IFRS 2010; also
available separately.
Illustrative consolidated nancial statements
º lnvestment property, 2009
º Pr|vate equ|ty, 2009
º Bank|ng, 2009
º lnsuranoe, 2009
º lnvestment funds, 2009
Realistic sets of financial statements – for existing IFRS
preparers in the above sectors – illustrating the required
disclosure and presentation.
Making sense of a complex world: IFRIC 13 –
Customer loyalty programmes
Considers the accounting and practical implications
for telecom operators that arise from the guidance in
IFRIC 13, ‘Customer loyalty programmes’. Contact
global.ifrs.publications@uk.pwc.com for hard copies.
Questions and answers on impairment of non-
nancial assets in the current crisis
Provides practical guidance on impairment indicators
to look out for, timing of impairment tests, suggestions
on how to do an impairment test in volatile markets and
what disclosures are critical to the market and regulators
in the current environment.
Segment reporting – an opportunity to explain
the business
Six-page flyer explaining high-level issues for
management to consider when applying IFRS 8, including
how the standard will change reporting and what
investors want to see.
Top 10 tips for impairment testing
The current economic slowdown will increase the
likelihood that impairment charges will need to be
taken and appropriate disclosures made. Each tip is
accompanied by an explanation or illustrative example.
Manual of accounting – Financial instruments 2010
Comprehensive guidance on all aspects of the
requirements for financial instruments accounting.
Detailed explanations illustrated through worked
examples and extracts from company reports.
Included with Manual of accounting – IFRS 2010; also
available separately.
World Watch magazine
Global magazine with news and opinion articles on
the latest developments and trends in governance,
financial reporting, narrative reporting, sustainability and
assurance.
IFRS for SMEs – Illustrative consolidated nancial
statements 2010
Realistic set of financial statements prepared under IFRS
for small and medium entities, illustrating the required
disclosure and presentation.
IFRS for SMEs publications
IFRS tools
Hard copies can be ordered from cch.co.uk/ifrsbooks (unless indicated otherwise) or via your local
PricewaterhouseCoopers office. See the full range of our services at www.pwc.com/ifrs
About PricewaterhouseCoopers
PricewaterhouseCoopers provides industry-focused assurance, tax, and advisory services to build public trust and enhance value for its clients and
their stakeholders. More than 155,000 people in 153 countries across our network share their thinking, experience and solutions to develop fresh
perspectives and practical advice.
Contacting PricewaterhouseCoopers
Please contact your local PricewaterhouseCoopers office to discuss how we can help you make the change to International Financial Reporting
Standards or with technical queries.
Manual of accounting – IFRS 2010
Global guide to IFRS providing comprehensive practical
guidance on how to prepare financial statements in
accordance with IFRS. Includes hundreds of worked
examples and extracts from company reports. The
Manual is a three-volume set comprising:
º Manual of accounting – IFRS 2010
º Manual of accounting – Financial instruments 2010
º Illustrative IFRS corporate consolidated financial
statements for 2009 year ends
A practical guide to capitalisation of
borrowing costs
Guidance in question and answer format addressing
the challenges of applying IAS 23R, including how to
treat specific versus general borrowings, when to start
capitalisation and whether the scope exemptions are
mandatory or optional.
A practical guide to new IFRSs for 2009
40-page guide providing high-level outline of the
key requirements of new IFRSs effective in 2009, in
question and answer format.
A practical guide to segment reporting
Provides an overview of the key requirements of
IFRS 8, ‘Operating segments’ and some points to
consider as entities prepare for the application of
this standard for the first time. See also ‘Segment
reporting – an opportunity to explain the business’
below.
A practical guide to share-based payments
Answers the questions we have been asked
by entities and includes practical examples to
help management draw similarities between the
requirements in the standard and their own share-
based payment arrangements. November 2008.
Preparing your rst IFRS nancial
statements: Adopting IFRS
Outlines how companies should address the process
of selecting their new IFRS accounting policies and
applying the guidance in IFRS 1. Provides specific
considerations for US market.
Financial instruments under IFRS – A guide
through the maze
High-level summary of IAS 32, IAS 39 and IFRS 7,
updated in June 2009. For existing IFRS preparers
and first-time adopters.
IAS 39 – Achieving hedge accounting
in practice
Covers in detail the practical issues in achieving
hedge accounting under IAS 39. It provides answers to
frequently asked questions and step-by-step illustrations
of how to apply common hedging strategies.
IAS 39 – Derecognition of nancial assets
in practice
Explains the requirements of IAS 39, providing
answers to frequently asked questions and detailed
illustrations of how to apply the requirements to
traditional and innovative structures.
IFRS 3R: Impact on earnings – the crucial Q&A
for decision-makers
Guide aimed at finance directors, financial controllers
and deal-makers, providing background to the
standard, impact on the financial statements and
controls, and summary differences with US GAAP.
IFRS disclosure checklist 2009
Outlines the disclosures required by all IFRSs
published up to October 2009
Only available in electronic format.
To download visit www.pwc.com/ifrs
7mm spine
7mm spine
0910-PwC-04 Master cover inner 153x240 duo (v15) inc 7mm spine.indd 1-2 20/10/09 11:03:09 PM
1
International Financial Reporting Standards – Disclosure checklist 2009
Introduction
The IFRS disclosure checklist has been updated to take into account standards and interpretations
amended or issued up to 17 October 2009.
The most recently issued standards and interpretations from the IASB and IFRIC included in this
checklist are:
Application date
• IAS27Amendment,‘Consolidationandseparatefnancialstatements’ 1July2009*
• IFRS3Amendment,‘Businesscombinationsandconsequentialamendments’ 1July2009*
• IFRS7,‘Financialinstruments:Disclosure’(amendments) 1January2009*
• IFRIC17,‘Distributionofnon-cashassetstoowners’ 1July2009*
• IFRIC18,‘Transfersofassetsfromcustomers’ 1July2009*

IAS1(revised)renamestheprimarystatementsandintroducesanumberofchangestoterminology,
asexplainedbelow.
ThechecklistdoesnotaddressthemeasurementandrecognitionrequirementsofIFRS;athorough
readingofthosestandardsandinterpretationsthatarerelevanttothereportingentity’scircumstances
willbenecessary.Thisdisclosurechecklistdoesnotapplytocondensedinterimfnancialstatements
preparedinaccordancewithIAS34,‘Interimfnancialreporting’.
Disclosurerequirementsresultingfromstandardsandinterpretationsthathavebeenissuedandare
effectiveforannualperiodsbeginningonorafter1January2009areincludedinSectionA.SectionH
setsoutthedisclosurerequirementsofstandardsandinterpretationsinissueat1January2009and
thatareeffectiveforannualreportingperiodsbeginningafter1July2009.
Itispossiblethatstandardsandinterpretationsthatwillbeapplicabletofnancialstatementsfor
periodsbeginningonorafter1January2009couldbeamended.Anysuchchangesandadditional
requirementswillneedtobeconsideredwhenpreparingfnancialstatementsinaccordancewithIFRS.
Thischecklistisintendedforgeneralreferencepurposesonly;itisnotasubstituteforreading
thestandardsandinterpretationsthemselves,orforprofessionaljudgementastothefairnessof
presentation.Furtherspecifcinformationmayberequiredinordertoensurefairpresentationunder
IFRSdependingonthecircumstances.Additionalaccountingdisclosuresmayberequiredinorderto
complywithlocallaws,nationalfnancialreportingstandardsand/orstockexchangeregulation
ChangesmadebyIAS1(revised)
IAS1(revised)introducesanumberofwordingchangesandamendsanumberofreferencesinother
IFRSstandardsandinterpretations.BotholdandnewIAS1(revised)terminologyisusedinthis
checklist. An entity may use the terminology applied here or any other terminology permitted under
IAS1(revised).
SomeofthewordingchangesintroducedinIAS1revisedareasfollows:
(a) ‘Incomestatement’isamendedto‘statementofcomprehensiveincome’.
(b) ‘Balancesheet’isamendedto‘statementoffnancialposition’.
(c) ‘Cashfowstatement’isamendedto‘statementofcashfows’.
(d) ‘Balancesheetdate’isamendedto‘endofthereportingperiod’.
(e) ‘Subsequentbalancesheetdate’isamendedto‘endofthesubsequentreportingperiod’.
(f) ‘Equityholders’isamendedto‘owners’.
(g) ReferencestothecurrentversionofIAS7,‘Cashfowstatements’areamendedtoIAS7,
‘Statementofcashfows’.
(h) ReferencestothecurrentversionofIAS10,‘Eventsafterthebalancesheetdate’areamended
to‘IAS10,Eventsafterthereportingperiod’.
*Earlierapplicationispermitted(anddisclosureofearlyapplicationisrequired).Earlyadoptersofthesestandardsshouldbe
awarethattheremaybeconsequentialamendmentsthataffectthedisclosurerequirementsofotherstandards.
S
e
c
t
i
o
n

A



G
e
n
e
r
a
l


d
i
s
c
l
o
s
u
r
e
s
2
International Financial Reporting Standards – Disclosure checklist 2009
Structure of disclosure checklist
Section A Disclosures for consideration by all entities
Section B Disclosuresrequiredofallentitiesbutonlyincertainsituations
Section C Industry-specifcdisclosures
Section D Additionaldisclosuresrequiredoflistedentities
Section E Additionaldisclosuresrequiredofentitiesthatissueinsurancecontracts
Section F Additionaldisclosuresrequiredforretirementbeneftplans
Section G Suggesteddisclosuresforfnancialreviewoutsidethefnancialstatements
Section H DisclosuresrequiredofentitiesthatearlyadoptIFRSseffectiveforannualperiods
beginningafter1July2009
Format of disclosure checklist
Thedisclosurechecklistispresentedinaformatdesignedtofacilitatethecollectionandreviewof
disclosuresforeachcomponentofthefnancialstatements.Alldisclosureshavebeengroupedby
subject,whereappropriate.Additionalnotesandexplanationsinthechecklistareshowninitalics.
Thereferencesintheleft-handmarginofthechecklistrepresenttheparagraphsofthestandardsin
whichthedisclosurerequirementsappear–forexample,‘8p40’indicatesIAS8paragraph40.The
designation‘DV’(disclosurevoluntary)indicatesthattherelevantIFRSencourages,butdoesnot
require,thedisclosure.Additionalnotesandexplanationsareshowninitalics.
Theboxintheright-handmarginofeachpageisdesignedtoassistincompletingthechecklist.Inthe
left-handbox(headed‘Y-NA-NM’)oneofthefollowingshouldbeenteredforeachdisclosureitem:
• Y(‘Yes’)–theappropriatedisclosurehasbeenmade;
• NA(‘Notapplicable’)–theitemdoesnotapplytothereportingentity;or
• NM(‘Notmaterial’)–theitemisregardedasnotmaterialtothefnancialstatementsofthereporting
entity.
MaterialityisdefnedinIAS1paragraph11andinparagraphs29and30oftheIASB’sFrameworkfor
thePreparationandPresentationofFinancialStatements.IAS1paragraph31statesthataspecifc
disclosurerequirementinastandardoraninterpretationneednotbesatisfediftheinformationisnot
material.
Theright-handboxoneachpage(headed‘Ref’)canbeusedtoinsertareferencetotherelevant
partofthefnancialstatements(forexample,Note7)forallitemsthathavebeenmarked‘Y’inthe
left-handbox.
3
International Financial Reporting Standards – Disclosure checklist 2009
Section A Disclosures for consideration by all entities 5
A1 General disclosures 7
1. General disclosures 7
2. Presentationandfunctionalcurrency 8
3. Otherdisclosures 8
A2 Accounting policies 10
1. General disclosures 10
2.Specifcpolicies 11
3.Changesinaccountingpolicy 13
A3 Statement of comprehensive income and related notes 15
1. General disclosures 15
2.Individualitems 16
3. Incometax 19
4.Extraordinaryitems 19
A4 Statement of changes in equity and related notes 19
1.Statementofchangesinequity 19
2. General disclosures 20
A5 Balance sheet and related notes 21
1. General disclosures 21
2.Measurementuncertainty 23
3.Property,plantandequipment 24
4.Investmentproperty 24
5.Intangibleassets(excludinggoodwill) 26
6.Goodwilland‘negativegoodwill’ 27
7. Impairment of assets 27
8.Associates 30
9.Jointventures 31
10.Subsidiaries 32
11.Investments–fnancialassets 32
12.Inventory 33
13.Tradeandotherreceivables 31
14.Incometaxes 33
15.Tradeandotherpayables 33
16.Provisions 34
17.Post-employmentbenefts–defnedbeneftplans 35
18.Leaseliabilities 35
19.Borrowingsandotherliabilities 38
20.Governmentgrants 40
21.Related-partytransactions 40
22.Commitments 42
23.Contingencies 42
24.Eventsafterthereportingperiod 43
A6 Statement of cash fows 44
1.Generalpresentation 44
2.Individualitems 44
A7 Business combinations and disposals 45
1.Businesscombinations 45
2.Disposals 47
A8 Financial instruments 47
1. Generaldisclosures 47
2. Categoriesoffnancialassetsandfnancialliabilities 47
3. Financialassetsorfnancialliabilitiesatfairvaluethroughproftorloss 48
4. Reclassifcation 49
5. Derecognition 49
6. Collateral 50
7. Allowanceaccountforcreditlosses 50
8. Compoundfnancialinstrumentswithmultipleembeddedderivatives 50
9. Defaults and breaches 50
10.Incomestatementandequity 51
11. Otherdisclosures 49
S
e
c
t
i
o
n

A



G
e
n
e
r
a
l


d
i
s
c
l
o
s
u
r
e
s
4
International Financial Reporting Standards – Disclosure checklist 2009
A8 12. Natureandextentofrisksarisingfromfnancialinstruments 55
13. Qualitativedisclosures 55
14. Quantitativedisclosures 55
15. Capital disclosures 57
16. Financialguarantees 58
A9 Non-current assets held for sale and discontinued operations 59
Section B Disclosures required of all entities but only in certain situations 61
B1 Correction of prior-period errors 63
B2 Reporting in the currency of a hyperinfationary economy 63
B3 Uncertainties about going concern 64
B4 Departure from IFRS 64
B5 Change of year-end 64
B6 Intermediate parent company – consolidated fnancial statements not presented 65
B7 Share-based payments 65
B8 First-time adoption of IFRS 67
Section C Industry-specifc disclosures 71
C1 Construction contracts 73
C2 Agriculture 73
C3 Public service concession arrangements 75
C4 Accounting by a lessor 75
C5 Decommissioning, restoration and environmental rehabilitation funds 77
Section D Additional disclosures required of listed entities 79
D1 Operating segments 81
D2 Earnings per share 84
Section E Additional disclosures required of entities that issue insurance contracts 87
Section F Disclosures required for retirement beneft plans 93
Section G Suggested disclosures for fnancial review outside the fnancial statements 97
Section H Disclosures required of entities that early adopt IFRSs effective for annual
periods beginning after 1 July 2009 101
H1 IFRS 3 Amendment, Business combinations and consequential amendments 103
H2 IAS 27 Amendment, Consolidated and separate fnancial statements 107
H3 Amendments to IFRS 5, ‘Non-current assets held for sale and discontinued
operations 110
H4 IFRIC 17, Distributions of non-cash assets to owners 110
H5 IFRIC 18, Transfers of assets from customers 111
H6 Improvements to IFRS 2009 (annual improvements project) 111

S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
5
Disclosure checklist 2009
Section A
Disclosures for consideration by all entities
6
7
Y-NA-NM REF
Disclosure checklist 2009 – Section A1
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
A1 General disclosures
1. General disclosures
1p15 1. Financial statements present fairly the fnancial position,
fnancial performance and cash fows of an entity. Fair
presentation requires the faithful representation of the effects
of transactions, other events and conditions in accordance
with the defnitions and recognition criteria for assets,
liabilities, income and expenses set out in the ‘Framework
for preparation and presentation of fnancial statements’
(Framework). The application of IFRSs, with additional
disclosure when necessary, is presumed to result in fnancial
statements that achieve a fair presentation.
1p27 Anentitypreparesitsfnancialstatements,exceptforcashfow
information,usingtheaccrualbasisofaccounting.
1p10(a),(b), 2. Includethefollowingcomponentsinthefnancialstatements:
(c),(d),(e),(f) (a) astatementoffnancialposition(balancesheet)atthe
periodenddate;
(b) astatementofcomprehensiveincomefortheperiod;
(c) separateincomestatementfortheperiod(ifpresentedas
aseparatestatementfromthestatementofcomprehensive
income;
(d) astatementofchangesinequityfortheperiod;
(e) astatementofcashfowsfortheperiod;and
(f) notes,includingasummaryofsignifcantaccounting
policies and other explanatory information.
1p12 Whereaseparateincomestatementispresented,display
immediatelybeforethestatementofcomprehensiveincome.
1p10(f) 3. Whereanentityappliesanaccountingpolicyretrospectivelyor
makesaretrospectiverestatementofitems,orreclassifes
itemsinitsfnancialstatements,includeastatementoffnancial
positionasatthebeginningoftheearliestcomparativeperiod.
1p11 4. Presentwithequalprominenceallofthefnancialstatements.
1p29 5. Present separately each material class of similar items. Present
separately items of a dissimilar nature or function unless they
are immaterial.
1p32 6. Assetsandliabilitiesorincomeandexpensesarenotoffset
unlessrequiredorpermittedbyanIFRS.
1p16 7. Discloseinthenotesthatthefnancialstatementscomply
withIFRS.
Financial statements should not be described as complying
with IFRS unless they comply with all the requirements of IFRS.
1p49 8. Financialstatementsshouldbeclearlyidentifedand
distinguished from other information in the same published
document.
1p51 9. Clearlyidentifyeachfnancialstatementandthenotes.
1p51(a),(b), 10.Displaythefollowinginformationprominently,andrepeatwhere
(c),(d),(e) necessary for the information presented to be understood:
(a) thenameofthereportingentityorothermeansof
identifcation,andanychangeinthatinformationfromthe
endofthepreviousreportingperiod;
(b) whetherthefnancialstatementsareforanindividualentity
oragroupofentities;
(c) thedateoftheendofthereportingperiodortheperiod
coveredbythefnancialstatementsandnotes;
(d) thepresentationcurrency(defnedinIAS21);and
(e) thelevelofroundingusedinpresentingamountsinthe
fnancialstatements.
Y-NA-NM
8
REF
Disclosure checklist 2009 – Section A1
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
1p31 Anentityneednotprovideaspecifcdisclosurerequiredbyan
IFRS if the information is not material.
1p36 (a),(b) 11. Where an entity has changed the end of its reporting period and
preparesfnancialstatementsforaperiodoflessthanormore
thanoneyear,disclose:
(a) theperiodcoveredbythefnancialstatements;
(b) thereasonforusingalongerorshorterperiod;and
(c) thefactthatamountspresentedinthefnancialstatements
are not entirely comparable.
10p17 12.Includethefollowinginthenotestothefnancialstatements:
(a)thedatewhenthefnancialstatementswereauthorisedfor
issue;
(b) thebodywhogavethatauthorisation;and
(c)whethertheentity’sownersorothershavethepowerto
amendthefnancialstatementsafterissue.
2. Presentation and functional currency

21p53 1. When the presentation currency is different from the functional
currency,statethatfact,togetherwithdisclosureofthe
functional currency and the reason for using a different
presentation currency.
21p54 2. When there is a change in the functional currency of either the
reportingentityorasignifcantforeignoperation,disclosethat
fact and the reason for the change in functional currency.
21p55 3. Ifpresentingfnancialstatementsinacurrencythatisdifferent
fromthefunctionalcurrency,describethefnancialstatements
ascomplyingwithIFRSonlyiftheycomplywithallthe
requirementsofeachapplicablestandardandeachapplicable
interpretation including the translation method set out in IAS 21
paras39and42.
21p56 4. Anentitysometimespresentsitsfnancialstatementsorother
fnancialinformationinacurrencythatisnotitsfunctional
currencywithoutapplyingthetranslationmethodssetoutin
IAS21paras39and42.Forexample,anentitymayconvert
onlyselecteditemsfromitsfnancialstatementsintoanother
currency;or,anentitywhosefunctionalcurrencyisnotthe
currencyofahyperinfationaryeconomymayconvertthe
fnancialstatementsintoanothercurrencybytranslatingall
itemsatthemostrecentclosingrate.Suchconversionsarenot
inaccordancewithIFRS,andthedisclosuressetoutinIAS
21para57arerequired(seebelow).
21p57 5. Ifpresentingfnancialstatementsorotherfnancialinformation
in a currency that is different from either the functional currency
orthepresentationcurrencywithoutapplyingthetranslation
methodssetoutinIAS21paras39and42:
(a) clearlyidentifytheinformationassupplementaryinformation
to distinguish it from the information that complies
withIFRS;
(b)disclosethecurrencyinwhichthesupplementary
informationisdisplayed;and
(c)disclosetheentity’sfunctionalcurrencyandthemethodof
translation used to determine the supplementary
information.
3. Otherdisclosures
1p112(a),(b), 1. Disclose in the notes:
(c) (a) informationaboutthebasisofpreparationofthefnancial
statementsandthespecifcaccountingpoliciesused;
(b)theinformationrequiredbyIFRSsthatisnotpresented
elsewhereinthefnancialstatements;and
9
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A1
(c)informationthatisnotpresentedelsewherebutisrelevant
toanunderstandingofthefnancialstatements.
1p113 Thenotesaregiveninasystematicmanner,asfarasis
practicable,witheachitemcross-referencedinthestatements
offnancialpositionandofcomprehensiveincome,theseparate
incomestatement(wherepresented)andinthestatementsof
changesinequityandcashfowstoanyrelated
information in the notes.
1p114, 115 Notesarenormallypresentedinthefollowingordertoassist
userstounderstandthefnancialstatementsandtocompare
themwithfnancialstatementsofotherentities(unless
considerednecessaryordesirabletovarytheorder):
1p114(a) (a)statementofcompliancewithIFRSs(seeIAS1.16);
1p114(b) (b)summaryofsignifcantaccountingpoliciesapplied
(seeIAS1.117);
1p114(c) (c) supportinginformationforitemspresentedinthe
statementsoffnancialpositionandofcomprehensive
income,intheseparateincomestatement(ifpresented),
andinthestatementsofchangesinequityandofcash
fows,intheorderinwhicheachstatementandeachline
itemispresented;and
1p114(d) (d)otherdisclosures,including:
(i) contingentliabilities(seeIAS37)andunrecognised
contractualcommitments;
(ii) non-fnancialdisclosures(seeIFRS7).
1p116 Notesprovidinginformationaboutthebasisofpreparationof
thefnancialstatementsandspecifcaccountingpoliciesmay
bepresentedasaseparatesectionofthefnancialstatements.
1p17(c) Provideadditionaldisclosureswhencompliancewiththe
specifcrequirementsinIFRSsisinsuffcienttoenableusersto
understandtheimpactofparticulartransactions,otherevents
andconditionsontheentity’sfnancialpositionandfnancial
performance.
1p38 2. Disclosecomparativeinformationinrespectoftheprevious
periodforallamountsreportedinthecurrentperiod’sfnancial
statements,exceptwhereIFRSspermitorrequireotherwise.
Thisincludescomparativeinformationforbothnarrativeand
descriptiveinformationwhereitisrelevanttounderstandingthe
fnancialstatementsforthecurrentperiod.
1p39 3. Anentitydisclosingcomparativeinformationpresents,as
aminimum,twostatementsoffnancialposition,twoofeach
oftheotherstatements,andrelatednotes.Whereanentity
appliesanaccountingpolicyretrospectivelyormakesa
retrospectiverestatementofitemsinitsfnancialstatements,
itpresents,asaminimum,threestatementsoffnancial
position,twoofeachoftheotherstatements,andrelated
notes.Anentitypresentsstatementsoffnancialpositionasat:
(a) theendofthecurrentperiod;
(b) theendofthepreviousperiod(whichisthesameasthe
beginningofthecurrentperiod);and
(c) thebeginningoftheearliestcomparativeperiod.
1p41(a),(b), 4. Whereanentityhasreclassifedcomparativeamountsdueto
(c) achangeinpresentationorclassifcationofitemsinitsfnancial
statements,disclose:
(a) thenatureofthereclassifcation;
(b) theamountofeachitemorclassofitemthatisreclassifed;
and
(c) thereasonforthereclassifcation.
When an entity changes the presentation or classification of
items in its financial statements, reclassify comparative
amounts unless it is impracticable to do so.
Y-NA-NM
10
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionsA1-A2
1p42 5. Whereanentitychangesthepresentationorclassifcationof
items,butitisimpracticabletoreclassifycomparativeamounts,
disclose:
(a) thereasonfornotreclassifyingtheamounts;and
(b) thenatureoftheadjustmentsthatwouldhavebeenmadeif
theamountshadbeenreclassifed.

1p45 6. Retainthepresentationandclassifcationofitemsinthe
fnancialstatementsfromoneperiodtothenextunless:
(a) itisapparent,followingasignifcantchangeinthenature
oftheentity’soperationsorareviewofitsfnancial
statements,thatanotherpresentationorclassifcation
wouldbemoreappropriatehavingregardtothecriteriafor
theselectionandapplicationofaccountingpolicies;or
(b) anIFRSrequiresachangeinpresentation.
1p138(a),(b), 7. Disclosethefollowing:
(c), (d) (a) thedomicileandlegalformoftheentity,thecountryin
whichitisincorporatedandtheaddressofitsregistered
offce(orprincipalplaceofbusiness,ifdifferentfromthe
registeredoffce);
(b) adescriptionofthenatureoftheentity’soperationsandits
principalactivities;
(c) thenameoftheparentandtheultimateparentofthegroup;
and
(d)ifitisalimitedlifeentity,informationregardingthelengthof
its life.
24p12 (e) nameoftheimmediateparententity(orothercontrolling
shareholder);
24p12 (f) nameoftheultimatecontrollingparty.
24p12 If neither the parent entity nor the ultimate parent entity present
fnancialstatementsavailableforpublicuse,disclosethename
of the next most senior parent that does so.
DV 8. Companiesmaypresentoutsidethefnancialstatementsa
fnancialreviewbymanagementthatdescribesandexplainsthe
mainfeaturesoftheentity’sfnancialperformanceandfnancial
position,andtheprincipaluncertaintiesitfaces.Referto
Section G.
IFRS6p24(b) 9. Companieswithexplorationandevaluationactivitiesdisclose
theamountsofassets,liabilities,incomeandexpenseand
operatingandinvestingcashfowsarisingfromtheexploration
forandevaluationofmineralresources.
A2 Accounting policies
1. General disclosures
1p117(a),(b) 1. Discloseinthesummaryofsignifcantaccountingpolicies:
(a) themeasurementbasis(orbases)usedinpreparingthe
fnancialstatements;and
(b)theotheraccountingpoliciesusedthatarerelevanttoan
understandingofthefnancialstatements.
1p22 2. Discloseinthesummaryofsignifcantaccountingpoliciesor
othernotes,thejudgements,apartfromthoseinvolving
estimationsthatmanagementhasmadeinapplyingtheentity’s
accountingpoliciesandthathavethemostsignifcantimpact
ontheamountsrecognisedinthefnancialstatements.
1p125(a),(b) 3. Discloseinformationabouttheassumptionsmadeaboutthe
1p129 futureandothermajorsourcesofestimationuncertaintyatthe
endofthereportingperiodthathaveasignifcantriskofleading
tomaterialadjustmentstothecarryingamountsofassetsand
liabilitieswithinthenextfnancialyear.Inrespectofthose
assetsandliabilities,disclose:
(a) theirnature,and
11
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A2
(b) theircarryingamountasattheperiodenddate.
Examples of the types of disclosures an entity makes are:
(a) the nature of the assumption or other estimation uncertainty;
(b) the sensitivity of carrying amounts to the methods,
assumptions and estimates underling their calculation,
including the reasons for the sensitivity;
(c) the expected resolution of an uncertainty and the range of
reasonably possible outcomes within the next fnancial year
in respect of the carrying amounts of the assets and
liabilities affected; and
(d) an explanation of the changes made to past assumptions
concerning those assets and liabilities, if the uncertainty
remains unresolved.
1p131 Where impracticable to disclose the extent of the possible
effects of an assumption or another source of estimation
uncertaintyattheendofthereportingperiod,disclosethat:
(a)itisreasonablypossible,onthebasisofexisting
knowledge,thatoutcomeswithinthenextfnancialyear
thataredifferentfromtheassumptioncouldrequirea
materialadjustmenttothecarryingamountoftheassetor
liabilityaffectedand;
(b)thenatureandcarryingamountofthespecifcassetor
liability(orclassofassetsorliabilities)affectedbythe
assumption.
27p28 4. Inconsolidatedfnancialstatements,theresultsofall
subsidiaries,associatesandjointventuresshouldbe
28p26 consolidated,equityaccountedorproportionallyconsolidated,
31p33 asapplicable,usinguniformaccountingpoliciesforlike
transactionsandothereventsinsimilarcircumstances.
8p28 5. Inaccordancewiththetransitionprovisionsofeachstandard,
disclosewhetheranystandardshavebeenadoptedbythe
reportingentitybeforetheeffectivedate.
1p18 6. Inappropriateaccountingpoliciesarenotrectifedeitherby
disclosure of the accounting policies used or by notes or
explanatory material.
2. Specifcpolicies
Disclosureofthefollowingaccountingpoliciesisrequired:
1p119 1. Consolidationprinciples,includingaccountingfor:
(a)subsidiaries;and
(b)associates.
1p119 2. Business combinations.
31p57 3. Jointventures,includingthemethodtheventurerusesto
recogniseitsinterestsinjointlycontrolledentities.
1p119 4. Foreigncurrencytransactionsandtranslation.
16p73 5. Property,plantandequipment–foreachclass:
(a)-(c) (a) measurementbasis(forexample,costlessaccumulated
depreciationandimpairmentlosses,orrevaluationless
subsequentdepreciation);
(b)depreciationmethod(forexample,thestraight-linemethod);
and
(c)theusefullivesorthedepreciationratesused.
40p75 6. Investmentproperty.Disclose:
(a)-(e) (a)whethertheentityappliesthefairvaluemodelorthecost
model;
(b)ifitappliesthefairvaluemodel,whether,andinwhat
circumstances,propertyinterestsheldunderoperating
leasesareclassifedandaccountedforasinvestment
property;
Y-NA-NM
12
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A2
(c) whenclassifcationisdiffcult,thecriteriatheentityusesto
distinguishinvestmentpropertyfromowner-occupied
property and from property held for sale in the ordinary
courseofbusiness;
(d)themethodsandsignifcantassumptionsappliedin
determiningthefairvalueofinvestmentproperty,including
astatementonwhetherthedeterminationoffairvaluewas
supportedbymarketevidenceorwasmoreheavilybased
onotherfactors(whichshouldbedisclosed)becauseofthe
natureofthepropertyandlackofcomparablemarketdata;
and
(e)theextenttowhichthefairvalueofinvestmentproperty(as
measuredordisclosedinthefnancialstatements)
isbasedonavaluationbyanindependentvaluerwhoholds
arecognisedandrelevantprofessionalqualifcationand
has recent experience in the location and category of the
investmentpropertybeingvalued.
1p119 7. Otherintangibleassets.Disclose,foreachclass(distinguishing
betweeninternallygeneratedandacquiredassets):
(a) accountingtreatment(costlessamortisation,or,inveryrare
cases,revaluationlesssubsequentamortisation);
38p118(a) (b)whethertheusefullivesareindefniteorfnite;
38p118(a)(b) (c)forintangibleassetswithfniteusefullives,theamortisation
periodandamortisationmethodsused(forexample,the
straight-linemethod);and
38p108 (d)forintangibleassetswithindefniteusefullives,thatthey
havebeentestedforimpairmentannuallyandwhenever
there is an indication that the intangible asset may be
impaired.
1p119 8. Treatmentofresearchcostsandthebasisforcapitalisationof
developmentcostsandwebsitedevelopmentcosts.
1p119, 9. Borrowingcosts(for example, expensed or capitalised as part
23p9,p29(a) of a qualifying asset).
IFRS7p21 10.Foreachclassoffnancialasset,fnancialliabilityandequity
instrument,disclosetheaccountingpoliciesandmethods
adopted,includingthecriteriaforrecognitionandthebasisof
measurement.
IFRS7pB5 Aspartofthedisclosureofanentity’saccountingpolicies,
disclose,foreachcategoryoffnancialassets,whetherregular
waypurchasesandsalesoffnancialassetsareaccountedfor
attradedateoratsettlementdate(IAS39para38).
IFRS7p21, Providedisclosureofallsignifcantaccountingpolicies,
1p108 including the general principles adopted and the method
ofapplyingthoseprinciplestotransactions,othereventsand
conditionsarisingintheentity’sbusiness.Inthecaseof
fnancialinstruments,suchdisclosureincludes:
(a)thecriteriaappliedindeterminingwhentorecognisea
fnancialassetorfnancialliability,andwhentoderecognise
it;
(b)themeasurementbasisappliedtofnancialassetsand
fnancialliabilitiesoninitialrecognitionandsubsequently;
and
(c)thebasisonwhichincomeandexpensesarisingfrom
fnancialassetsandfnancialliabilitiesarerecognisedand
measured.
1p119 11.Leases.
2p36(a) 12.Inventories,includingthecostformulaused(forexample,FIFO
orweightedaveragecost).
1p119 13.Provisions.
19p120A(a) 14.Employeebeneftcosts–includingpolicyforrecognising
actuarial gains and losses.
13
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A2
IFRS2p44 15.Share-basedpayments.
1p119 16.Taxes,includingdeferredtaxes.
18p35(a), 17.Revenuerecognition.
1p119
18p35(a) 18.Themethodadoptedtodeterminethestageofcompletionof
transactionsinvolvingtherenderingofservices.
1p119, 19.Constructioncontracts,including:
11p39(b),(c) (a) methodsusedtodeterminecontractrevenuerecognised;
and
(b)methodsusedtomeasurestageofcompletionofcontracts
in progress.
20p39(a) 20.Governmentgrants:
1p119 (a)accountingpolicy;and
(b)methodofpresentationinfnancialstatements.
1p119, 7p46 21.Defnitionofcashandcashequivalents.
1p119 22.Segmentreporting(requiredforlistedcompanies):
(a)defnitionofbusinessandgeographicalsegments;and
(b)thebasisforallocationofcostsbetweensegments
IFRS6p24(b) 23.Explorationandevaluationexpendituresincludingthe
recognitionofexplorationandevaluationassets.
36p80, 102 24.Policyforallassetsincludingtheselectionofthecash-
generatingunitstoallocatethecorporateassetsandgoodwill
for the purpose of assessing such assets for impairment
IFRS6p21, 23 25.Policyforallocatingexplorationandevaluationassetsto
cash-generatingunitsorgroupsofcash-generatingunitsforthe
purpose of assessing such assets for impairment.
1p134 26.Discloseinformationthatenablesusersofthefnancial
1p135(a)(i), statementstoevaluatetheentity’sobjectives,policiesand
(a)(ii),(a)(iii), processesformanagingcapital,including:
(b),(c),(d),(e) (a) qualitativeinformationabouttheobjectives,policiesand
processes,including:
(i) adescriptionofwhattheentitymanagesascapital;
(ii) thenatureofanyexternallyimposedcapital
requirementsandhowthoserequirementsare
incorporatedintothemanagementofcapital;and
(iii)howtheentityismeetingitsobjectivesformanaging
capital;
(b) summaryquantitativedataaboutwhattheentitymanages
ascapital;
(c) anychangesin(a)and(b)comparedtothepriorperiod;
(d) whethertheentityhascompliedwithanyexternally
imposedcapitalrequirementsduringthereportingperiod;
and
(e) wheretheentityhasnotcompliedwithanyexternally
imposedcapitalrequirements,theconsequencesof
non-compliance.
Theabovedisclosureisbasedoninformationprovided
internally to key management personnel.

3. Changesinaccountingpolicy
8p19 1. Where a change in accounting policy is made on the adoption
ofanIFRS,providethedisclosuresinaccordancewiththe
specifctransitionalprovisionsofthatstandard.
8p28 2. Oninitialapplicationofarelevantstandardorinterpretation,
disclose:
(a)thetitleofthestandardorinterpretation;
(b)thatthechangeinaccountingpolicyismadeinaccordance
withitstransitionalprovisions,whenapplicable;
Y-NA-NM
14
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A2
(c) thenatureofthechangeinaccountingpolicy;
(d)adescriptionofthetransitionalprovisions,whenapplicable;
(e)thetransitionalprovisionsthatmighthaveaneffecton
futureperiods,whenapplicable;
(f) theamountoftheadjustmentforthecurrentperiodand
eachpriorperiodpresented,totheextentpracticable:
(i) foreachfnancialstatementlineitemaffected;and
(ii) ifIAS33appliestotheentity,theimpactonbasicand
dilutedearningspershare;
(g)theamountoftheadjustmentrelatingtoperiodsbefore
thosepresented,totheextentpracticable;and
(h)iftheretrospectiveapplicationrequiredisimpracticable
foraparticularpriorperiod,orforperiodsbeforethose
presented,thecircumstancesthatledtotheexistence
ofthatconditionandadescriptionofhowandfrom
whenthechangeinaccountingpolicyhasbeenapplied.
These disclosures need not be repeated in the fnancial
statements of subsequent periods.
8p30 3. Ifanentityhasnotappliedanewrelevantstandardor
interpretationthathasbeenissuedbutisnotyeteffective,
disclose:
(a)thefactthattheentitydidnotapplythenewstandardor
interpretationthathasbeenissuedbutisnotyeteffective;
and
(b) knownorreasonablyestimableinformationrelevantto
assessingthepossibleimpactthatapplicationofthenew
standardorinterpretationwillhaveontheentity’sfnancial
statements in the period of initial application.
DV8p31 4. Incomplyingwiththepreviousparagraph,considerdisclosing:
(a)thetitleofthenewstandardorinterpretation;
(b)thenatureoftheimpendingchangeorchangesin
accountingpolicy;
(c)thedatebywhichapplicationofthestandardor
interpretationisrequired;
(d)thedateasatwhichitplanstoapplythestandardor
interpretationinitially;and
(e)either:
(i) adiscussionoftheimpactthatinitialapplicationof
thestandardorinterpretationisexpectedtohaveonthe
entity’sfnancialstatements;or
(ii) ifthatimpactisnotknownorreasonablyestimable,a
statement to that effect.
8p29 5. Onavoluntarychangeinaccountingpolicy,disclose:
(a)thenatureofthechangeinaccountingpolicy;
(b)thereasonswhyapplyingthenewaccountingpolicy
providesreliableandmorerelevantinformation;
(c)theamountoftheadjustmentforthecurrentperiodand
eachpriorperiodpresented,totheextentpracticable:
(i) foreachfnancialstatementlineitemaffected;and
(ii) ifIAS33appliestotheentity,theimpactonbasicand
dilutedearningspershare;
(d)theamountoftheadjustmentrelatingtoperiodsbefore
thosepresented,totheextentpracticable;and
(e)iftheretrospectiveapplicationrequiredisimpracticablefora
particularpriorperiod,orforperiodsbeforethose
presented,thecircumstancesthatledtotheexistence
ofthatconditionandadescriptionofhowandfromwhen
the change in accounting policy has been applied.
These disclosures need not be repeated in the fnancial
statements of subsequent periods.
IFRS6p13, 14 Exploration and evaluation expenditures. An entity may change
its accounting policies for exploration and evaluation if the
change makes the fnancial statements more relevant to the
economic decision-making needs of users and no less reliable,
or more reliable and no less relevant to those needs. The criteria
15
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionsA2-A3
in IAS 8 should be followed for the change in the accounting
policy.
A3 Statement of comprehensive income and related
notes
1. General disclosures
Refer to the Appendix to IAS 1 for an example income
statement.
1p81(a),(b) 1. Present all items of income and expense recognised in a
period:
(a) inasinglestatementofcomprehensiveincome;or
(b)inastatementdisplayingcomponentsofproftorloss(a
separateincomestatement)andasecondstatement
beginningwithproftorlossanddisplayingcomponentsof
othercomprehensiveincome(statementofcomprehensive
income).
1p82(a),(b), 2. Includeinthestatementofcomprehensiveincome,asa
(c),(d),(e)(i) minimum,lineitemsshowingthefollowingamountsforthe
(e)(ii),(f),(g), period:
(h),(i) (a) revenue;
(b) fnancecosts;
(c) shareofproftorlossofassociatesandjointventures
accountedforusingtheequitymethod;
(d) taxexpense;
(e) asingleamountcomprisingthetotalof:
(i) thepost-taxproftorlossondiscontinuedoperations;
and
(ii) thepost-taxgainorlossrecognisedonthe
measurementtofairvaluelesscoststoselloron
the disposal of the assets or disposal groups that make
updiscontinuedoperations;
(f) proftorloss;
(g) eachcomponentofothercomprehensiveincomeclassifed
bynature(excludingamountsin(h));
(h) shareoftheothercomprehensiveincomeofassociatedjoint
venturesaccountedforusingtheequitymethod;and
(i) totalcomprehensiveincome.
1p83(a)(i), 3. Disclosethefollowinginthestatementofcomprehensive
(a)(ii),(b)(i), income as allocations for the period:
(b)(ii) (a) proftorlossfortheperiodattributableto:
(i) minorityinterests;and
(ii) ownersoftheparent;and
(b) totalcomprehensiveincomefortheperiodattributableto:
(i) minorityinterests;and
(ii) ownersoftheparent.
1p84 Entities may present the line items and disclosure as required
by paragraphs 82 and 83 above in the statement of
comprehensive income or in the separate income statement (if
presented).
1p85 4. Presentadditionallineitems,headingsandsubtotalsinthe
statementofcomprehensiveincome(andtheseparateincome
statement,ifpresented)whensuchpresentationisrelevantto
anunderstandingoftheentity’sfnancialperformance.
1p90 5. Disclose,eitherinthestatementofcomprehensiveincomeor
inthenotes,theamountofincometaxrelatingtoeach
componentofothercomprehensiveincomeincluding
reclassifcationadjustments.
Componentsofothercomprehensiveincomemaybe
presented:
(a)netofrelatedtaxeffects,or
Y-NA-NM
16
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionsA3
(b)beforerelatedtaxeffectswithoneamountshownfor
aggregate amount of income tax relating to those
components.
1p92 6. Disclosereclassifcationadjustmentsrelatingtocomponentsof
othercomprehensiveincome.
1p94 7. Anentitymaypresentreclassifcationadjustmentsinthe
statementofcomprehensiveincomeorinthenotes.Anentity
presentingreclassifcationadjustmentsinthenotespresents
thecomponentsofothercomprehensiveincomeafterany
relatedreclassifcationadjustments.
1p97 8. Whenitemsofincomeandexpensearematerial,disclosetheir
nature and amount separately.
1p99,1p100, 9. Giveananalysisofexpensesrecognisedinproftorlossusing
1p101 aclassifcationbasedoneithertheirnatureortheirfunction
withintheentity,whicheverprovidesinformationthatisreliable
andmorerelevant.Entitiesareencouragedtopresentthis
analysisinthestatementofcomprehensiveincomeorin
theseparateincomestatement(ifpresented).Whenanentity
usesabyfunctionanalysis,itdisclosesataminimum,costof
sales separate from other expenses.
1p104 10.Wheretheentityclassifesexpensesbyfunction,disclose
additionalinformationonthenatureofexpenses,including
depreciation,amortisationandemployeebeneftsexpense.
20p29 11.Governmentgrantsrelatedtoincomearesometimespresented
asacreditinthestatementofcomprehensiveincome,either:
(a) separatelyorunderageneralheadingsuchas‘Other
income’;or
(b) deductedinreportingtherelatedexpense.
20p29A 12.Ifanentitypresentsthecomponentsofproftorlossina
separateincomestatement,asdescribedinIAS1para81,it
presentsgrantsrelatedtoincomeasrequiredinIAS20para29.
33p4 13.Anentitythatchoosestodiscloseearningspersharebasedon
itsseparatefnancialstatementspresentssuchearningsper
shareinformationonlyinitsstatementofcomprehensive
incomeandnotintheconsolidatedfnancialstatements.
33p4A 14.Anentitythatpresentsthecomponentsofproftorlossina
separateincomestatement,asdescribedinIAS1para81,
presents earnings per share only in that separate statement.
19p93B 15. Present actuarial gains and losses recognised in other
comprehensiveincomeinthestatementofcomprehensive
income.
IFRS1p6 16.PrepareandpresentanopeningIFRSstatementoffnancial
position at the date of transition to IFRSs.
12p81 17. Disclose separately the amount of income tax relating to each
componentofothercomprehensiveincome.
8p39, 40 18.Disclosethenatureandamountofachangeinanaccounting
estimate that has an effect in the current period or that is
expectedtohaveaneffectinfutureperiods.Ifitis
impracticabletoestimatetheamount,disclosethisfact.
34p26 19. If an estimate of an amount reported in an interim period
changessignifcantlyduringthefnalinterimperiodofthe
fnancialyearbutaseparatefnancialreportisnotpublished
forthatfnalinterimperiod,thenatureandamountofthat
change in estimate should be disclosed in a note to the annual
fnancialstatementsforthatfnancialyear.Thisisonly
applicablewhenthereportingentitypublishesaninterim
fnancialreportpreparedinaccordancewithIAS34
17
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionA3
2. Individualitems
18p35(b) 1. Disclosetheamountofeachsignifcantcategoryofrevenue
recognisedduringtheperiod,includingrevenuearisingfrom:
(a)thesaleofgoods;
(b) therenderingofservices;
(c)interest;
(d)royalties;and
(e)dividends.
18p35(c) 2. Disclosetheamountofnon-cashrevenuearisingfrom
exchangesofgoodsorservicesincludedineachsignifcant
categoryofrevenue.
SIC27p10(b) 3. Disclosetheaccountingtreatmentappliedtoanyfeereceived
in an arrangement that has the legal form of a lease but that in
substancedoesnotinvolvealeaseunderIAS17,theamount
recognisedasincomeintheperiod,andthelineitemofthe
incomestatementinwhichitisincluded(refertoSection
A5.18(c)).
1p30 4. Itemsnotindividuallymaterialareaggregatedwithotheritems
inthestatementofcomprehensiveincomeorinthenotes.
1p98 5. Circumstancesthatwouldgiverisetotheseparatedisclosure
of items of income and expense include:
1p98(a) (a)thewrite-downofinventoriestonetrealisablevalueorof
property,plantandequipmenttorecoverableamount,as
wellasthereversalofsuchwrite-downs;
1p98(b) (b)arestructuringoftheactivitiesofanentityandthereversal
ofanyprovisionsforthecostsofrestructuring;
1p98(c) (c)disposalsofitemsofproperty,plantandequipment;
1p98(d) (d)disposalsofinvestments;
1p98(e) (e)discontinuedoperations;
1p98(f) (f) litigationsettlements;and
1p98(g) (g)otherreversalsofprovisions.
1p99,1p100 6. Presentananalysisofexpensesrecognisedinproftorloss
usingaclassifcationbasedoneitherthenatureofexpensesor
theirfunctionwithintheentity,whicheverprovidesinformation
thatisreliableandmorerelevant.Entitiesareencouraged
topresentthisanalysisinthestatementofcomprehensive
incomeorintheseparateincomestatement(ifpresented).
1p104 7. Ifexpensesareclassifedbyfunction,discloseadditional
informationonthenatureofexpenses,includingdepreciation,
amortisationexpenseandemployeebeneftsexpense.
1p103 8. Ifexpensesareclassifedbyfunction,ataminimum,
disclose the cost of sales separately from other expenses.
9. Employeebenefts–disclose:
19p46 (a)theexpensefordefnedcontributionplans;
19p120A(g) (b)fordefnedbeneftplans–thetotalexpenseforeachof
thefollowing,andthelineitem(s)oftheincomestatementin
whichtheyareincluded:
(i) currentservicecost;
(ii) interestcost;
(iii)expectedreturnonplanassets;
(iv)expectedreturnonanyreimbursementrightrecognised
asanasset;
(v) actuarialgainsandlosses;
(vi)pastservicecost;and
(vii)theeffectofanycurtailmentorsettlement;
19p120A(m) (c)fordefnedbeneftplans;
(i) theactualreturnonplanassets;and
(ii) theactualreturnonanyreimbursementrightrecognised
asanasset;
19p131 (d)theexpenseresultingfromotherlong-termemployee
benefts,ifsignifcant;and
Y-NA-NM
18
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionA3
19p142 (e)theexpenseresultingfromterminationbenefts,if
signifcant.
38p126 10.Discloseresearchanddevelopmentexpenditurerecognisedas
an expense during the period.
21p52(a) 11. Disclose the amount of foreign exchange differences
recognisedinproftorlossexceptforthosearisingonfnancial
instrumentsmeasuredatfairvaluethroughproftorlossin
accordancewithIAS39.
36p126(a)(b) 12.Discloseforeachclassofassetsthefollowingamounts
recognisedduringtheperiod,andthelineitem(s)oftheincome
statementinwhichtheyareincluded:
(a)impairmentlosses;and
(b)reversalsofimpairmentlosses.
38p118(d) 13.Disclosethefollowingamountsrecognisedduringthe
IFRS3p67(g) periodandthelineitem(s)oftheincomestatementinwhich
they are included:
(a)amortisationofintangibleassets(byeachclass);and
(b)excessofacquirer’sinterestinthenetfairvalueof
acquiree’sassets,liabilitiesandcontingentliabilities
overcostrecognisedasincome.
40p75(f) 14.Investmentproperty–disclose:
(a)rentalincome;
(b)directoperatingexpensesincludingrepairsand
maintenancearisingfrominvestmentpropertythat
generatedrentalincomeduringtheperiod;
(c)directoperatingexpensesincludingrepairsand
maintenancearisingfrominvestmentpropertythatdidnot
generaterentalincomeduringtheperiod;and
40p32C (d)thecumulativechangeinfairvaluerecognisedinproftor
lossonasaleofinvestmentpropertyfromapoolofassets
inwhichthecostmodelisusedintoapoolinwhichthefair
valuemodelisused;
IFRS7p20 15.Disclosethefollowingmaterialitemsresultingfromfnancial
assetsandfnancialliabilities:
(a)income;
(b)expense;
(c)gains;and
(d)losses.
IFRS7p20 16.Thedisclosuresinpara16aboveshouldincludethefollowing:
(a)netgainsorlosseson:
(i) fnancialassetsorfnancialliabilitiesatfairvaluethrough
proftorloss,showingseparatelythoseonfnancial
assetsorfnancialliabilitiesdesignatedassuchupon
initialrecognition,andthoseonfnancialassetsor
liabilitiesthatareclassifedasheldfortradingin
accordancewithIAS39;
(ii) available-for-salefnancialassets,showingseparately
theamountofgainorlossrecogniseddirectlyinequity
duringtheperiod,andtheamountremovedfromequity
andrecognisedinproftorlossfortheperiod;
(iii)held-to-maturityinvestments;
(iv)loansandreceivables;and
(v) fnancialliabilitiesmeasuredatamortisedcost;
(b) totalinterestincomeandtotalinterestexpense(calculated
usingtheeffectiveinterestmethod)forfnancialassetsor
liabilitiesthatarenotatfairvaluethroughproftorloss;
(c)feeincomeandexpense(otherthanamountsincludedin
determiningtheeffectiveinterestrate)arisingfrom:
(i) fnancialassetsandliabilitiesthatarenotatfairvaluet
hroughproftorloss;and
(ii) trustandotherfduciaryactivitiesthatresultinthe
holdingorinvestingofassetsonbehalfofindividuals,
trusts,retirementbeneftplansandotherinstitutions;
19
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionsA3-A4
(d)interestincomeonimpairedfnancialassets;and
(e)theamountofanyimpairmentlossforeachclassof
fnancialasset.
3. Incometax
12p79 1. Disclosethemajorcomponentsoftaxexpense(income).IAS12
para80,givesexamplesofthemajorcomponentsoftax
expense(income).
12p81(c) 2. Provideanexplanationoftherelationshipbetweentaxexpense
(income)andaccountingproftineitherofthefollowingforms:
(a)numericalreconciliationbetweentaxexpense(income)and
productofaccountingproft,multipliedbytheapplicable
taxrate(s),disclosingalsothebasisonwhichtheapplicable
taxrate(s)is(are)computed(refertoIAS12para85);or
(b)anumericalreconciliationbetweentheaverageeffective
taxrateandtheapplicabletaxrate,disclosingalsothe
basisonwhichtheapplicabletaxrateiscomputed(referto
IAS12para85).
12p81(d) 3. Provideanexplanationofchangesintheapplicabletaxrate(s)
comparedtothepreviousperiod.
4. Extraordinaryitems
1p87 1. Noitemsofincomeorexpenseshouldbepresented
asextraordinaryitems,eitherinthestatementof
comprehensiveincomeortheseparateincomestatement(if
presented)orinthenotes.
A4 Statement of changes in equity and related notes
1. Statementofchangesinequity
1p106(a), 1. ForcompaniesadoptingIAS27(revised)(whichamendsIAS1
(b), (d) forannualperiodsbeginningonorafter1July2009):
Ensurethat,whereapplicable,thestatementofchangesin
equityshowsthefollowingitems:
(a) totalcomprehensiveincomefortheperiod,showing
separatelythetotalamountsattributabletoownersofthe
parentandtonon-controllinginterests;
(b) foreachcomponentofequity,theeffectsofretrospective
applicationorretrospectiverestatementrecognisedin
accordancewithIAS8;
(d) foreachcomponentofequity,areconciliationbetween
the carrying amount at the beginning and the end of the
period,separatelydisclosingchangesresultingfrom:
(i) proftorloss;
(ii) eachitemofothercomprehensiveincome;and
(iii)transactionswithownersintheircapacityasowners,
showingseparatelycontributionsbyanddistributions
toownersandchangesinownershipinterestsin
subsidiaries that do not result in a loss of control.
1p106 (a),(b), ForcompaniesnotadoptingIAS27(revised):
(c),(d) Ensurethat,whereapplicable,thestatementofchangesin
equityshowsthefollowingitems:
(a) totalcomprehensiveincomefortheperiod,showing
separatelythetotalamountsattributabletoownersofthe
parentandtominorityinterest;
(b) foreachcomponentofequity,theeffectsofretrospective
applicationorretrospectiverestatementrecognisedin
accordancewithIAS8;
(c) theamountsoftransactionswithownersintheircapacity
asowners,showingseparatelycontributionsbyand
distributionstoowners(notethatIAS1para107also
requiresdisclosureofdividends,includingtherelated
amountpershare,eitherinthisstatementorinthenotes-
Y-NA-NM
20
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionA4
the presentation of these disclosures in the statement of
comprehensiveincomeisnotpermitted);and
(d) foreachcomponentofequity,areconciliationbetween
the carrying amount at the beginning and the end of the
period,separatelydisclosingeachchange.
1p107 2. Disclose,eitherinthestatementofchangesinequityorinthe
notes,theamountofdividendsrecognisedasdistributionsto
ownersduringtheperiodandtherelatedamountpershare.
1p108 InIAS1para106thecomponentsofequityinclude,for
example,eachclassofcontributedequity,theaccumulated
balanceofeachclassofothercomprehensiveincomeand
retained earnings.
32p39 3. Disclosetheamountoftransactioncostsaccountedforasa
deductionfromequityintheperiodisdisclosedseparatelyin
the notes.
2. General disclosures
1p79(b) 1. Disclose a description of the nature and purpose of each
16p77(f) reservewithinshareholders’equity,includingrestrictionsonthe
38p124(b) distributionoftherevaluationreserves(this usually includes
details of any restrictions on distributions for each reserve in
shareholders’ equity, although it is not specifed in IAS 1).
12p81(a) 2. Disclose the aggregate current and deferred tax relating to
itemschargedorcreditedtoequity.It is useful to disclose the
analysis by category of temporary differences.
36p126(c), 3. Disclosetheamountofimpairmentlossesandtheamountof
(d) reversalsofimpairmentlosses,recogniseddirectlyinequity
duringtheperiod,foreachclassofassets.
1p79(a) 4. Disclosethefollowingforeachclassofsharecapitaleitheron
thebalancesheetorinthestatementofchangesinequityorin
thenotes(thisinformationisusuallydisclosedinthenotes):
1p79(a),(i) (a)thenumberofsharesauthorised;
1p79(a),(ii) (b)thenumberofsharesissuedandfullypaid,andissuedbut
notfullypaid;
1p79(a),(iii) (c)parvaluepershare,orthattheshareshavenoparvalue;
1p79(a),(iv) (d)areconciliationofthenumberofsharesoutstandingatthe
beginningandendoftheyear;
1p79(a),(v) (e)therights,preferencesandrestrictionsattachedtoeach
classofsharecapital,includingrestrictionsonthe
distributionofdividendsandtherepaymentofcapital;
1p79(a)(vi) (f) sharesintheentityheldbytheentityitselforbytheentity’s
subsidiariesorassociates;and
1p79(a)(vii) (g)sharesreservedforissuanceunderoptionsandsales
contracts,includingthetermsandamounts.
32p15,18,20 5. Certain types of preference shares should be classifed as
AG25,AG26 liabilities (not in equity). Refer to IAS 32 para 18(a).
IFRIC2p13 6. Whenachangeintheredemptionprohibitionleadstoatransfer
betweenfnancialliabilitiesandequity,discloseseparatelythe
amount,timingandreasonforthetransfer.
1p80 7. Anentitywithoutsharecapital,suchasapartnership,should
discloseinformationequivalenttothatrequiredinIAS1
para79(a),showingmovementsduringtheperiodineach
categoryofequityinterestandtherights,preferencesand
restrictionsattachedtoeachcategoryofequityinterest.
10p12 8. Disclosetheamountofdividendsproposedordeclaredbefore
1p137(a) thefnancialstatementswereauthorisedforissuebutnot
recognisedasadistributiontoequityholdersduringtheperiod,
and the related amount per share.
21
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionsA4-A5
1p137(b) 9. Disclosetheamountofanycumulativepreferencedividends
not recognised.
IFRS5p38 10. Anycumulativeincomeorexpenserecogniseddirectlyinequity
inrelationtoanon-currentasset(ordisposalgroup)classifed
as held for sale.
A5 Balance sheet and related notes

1. General disclosures
Refer to the Appendix to IAS 1 for an example balance sheet.
1p54(a),(b), 1. Includeinthestatementoffnancialposition,asaminimum,
(c),(d),(e),(f), thefollowinglineitems:
(g),(h),(i),(j), (a) property,plantandequipment;
(k),(l),(m), (b) investmentproperty;
(n),(o),(p), (c) intangibleassets;
(q),(r) (d) fnancialassets(excludingamountsshownunder(e),(h)
and(i));
(e) investmentsaccountedforusingtheequitymethod;
(f) biologicalassets;
(g) inventories;
(h) tradeandotherreceivables;
(i) cashandcashequivalents;
(j) thetotalofassetsclassifedasheldforsaleandassets
includedindisposalgroupsclassifedasheldforsalein
accordancewithIFRS5;
(k) tradeandotherpayables;
(l) provisions;
(m)fnancialliabilities(excludingamountsshownunder(k)
and(l));
(n) liabilitiesandassetsforcurrenttax,asdefnedinIAS12;
(o) deferredtaxliabilitiesanddeferredtaxassets,asdefned
inIAS12;
(p) liabilitiesincludedindisposalgroupsclassifedasheldfor
saleinaccordancewithIFRS5;
(q) minorityinterest,presentedwithinequity,butseparately
fromshareholders’equity(iftheamendmentstoIAS27
havebeenadoptedthereferenceto’minorityinterest’in
IAS1para54(q)isreplacedwith‘non-controllinginterest’
andthereferenceto‘parentshareholders’equity’is
replacedwith‘parent’sownershipinterests’);and
(r) issuedcapitalandreservesattributabletoownersof
the parent.
1p55 2. Presentadditionallineitems,headingandsubtotalsontheface
ofthestatementoffnancialpositionwhensuchpresentationis
relevanttoanunderstandingoftheentity’sfnancialposition.
1p56 3. Donotclassifydeferredtaxassetsorliabilitiesascurrent
assets or liabilities.
1p77 4. Disclosefurthersub-classifcationsofthelineitemspresented,
classifedinamannerappropriatetotheentity’soperations.
Thisdisclosureismadeeitherinthestatementoffnancial
position or in the notes.
1p60 5. Ifthecurrent/non-currentdistinctionofassetsandliabilities
madeisonthefaceofthebalancesheet,applythe
classifcationrulesinIAS1paras66-76.Iftheyarenotmade
onthefaceofthebalancesheet,ensurethatapresentation
basedonliquidityprovidesinformationthatisreliableandmore
relevant.Ensurealsothatassetsandliabilitiesarepresentedin
orderoftheirliquidity.
1p64 An entity is permitted to use a mixed basis of presentation
including current/non-current classifcation and in order of
liquidity when this provides information that is reliable and more
relevant – for example, when an entity has diverse operations.
Y-NA-NM
22
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A5
1p61 6. Whichevermethodofpresentationisapplied,disclosethe
non-currentportion(theamountexpectedtoberecovered
orsettledaftermorethan12months)foreachassetandliability
itemthatcombinescurrentandnon-currentamounts.
1p78(e), 1p79 7. Equitycapitalandreservesaredisaggregatedintovarious
(a)(i), (a)(ii), classes,suchaspaid-incapital,sharepremiumandreserves.
Disclosethefollowinginformationeitherinthestatementof
fnancialpositionorthestatementofchangesinequityorin
the notes:
(a) foreachclassofsharecapital:
(i) thenumberofsharesauthorised;
(ii) thenumberofsharesissuedandfullypaid,andissued
butnotfullypaid;
(iii) theparvaluepershare,orthattheshareshavenopar
value;
(iv) areconciliationbetweenthenumberofshares
outstanding at the beginning and the end of the
reportingperiod;
(v) therights,preferencesandrestrictionsforeachclass
ofshare,includingrestrictionsondividendsandthe
repaymentofcapital;
(vi) sharesintheentityheldbytheentityitselforbyits
subsidiariesorassociates;and
(vii)sharesreservedforissueunderoptionsandcontracts
forthesaleofshares,includingthetermsandamounts;
and
(b) adescriptionofthenatureandpurposeofeachreserve
withinequity.
2. Measurementuncertainty
37p85 1. Foreachclassofprovision,provide:
(a)abriefdescriptionofthenatureoftheobligationandofthe
expectedtimingofanyresultingoutfowsofeconomic
benefts;
(b)anindicationoftheuncertaintiesabouttheamountortiming
ofthoseoutfows(wherenecessarytoprovideadequate
information,disclosethemajorassumptionsmade
concerningfutureevents,asaddressedinIAS37para48);
and
(c)theamountofanyexpectedreimbursement,stating
the amount of any asset that has been recognised for that
expected reimbursement.
34p26 2. If an estimate of an amount reported in an interim period – for
example,aprovision–ischangedsignifcantlyduringthe
fnalinterimperiodofthefnancialyearbutaseparatefnancial
reportisnotpublishedforthatfnalinterimperiod,disclosethe
nature and amount of that change in estimate in a note to the
annualfnancialstatementsforthatfnancialyear.
This item is applicable only when the reporting entity publishes
an interim fnancial report prepared in accordance with IAS 34.
3. Notethatcertainstandardsrequirefurtherspecifcdisclosures
aboutsourcesofestimationuncertaintyandjudgements.
Thespecifcdisclosurerequirementsintheothersectionsof
this disclosure checklist include:
(a)methodsandassumptionsappliedindeterminingfairvalues
for:
40p75(c)-(e) (i) investmentproperty(SectionA2.2,para6);
16p77(c)(d) (ii) property,plantandequipment(SectionA5.3,para3(c)
and3(d));
38p124(c) (iii) intangibleassets(SectionA5.5,para5);
36p130,131, (iv) impairmentofassets–basisandkeyassumptionsfor
133, 134 determiningimpairmentlossesorreversals(Section
A7.7,paras1and4);
(a)(iii), (a)(iv),
(a)(v), (a)(vi),
(a)(vii), (b)
23
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A5
IFRS3p67(d),73 (v) businesscombinations–basisfordeterminingfair
valueofinstrumentsissuableinabusinesscombination
(SectionA7.1para(e))andadjustmentsmadeto
provisionalvalues(SectionA7.1para6);
IFRS7p27 (vi) fnancialinstruments(SectionA8);
IFRS2p46 (vii) share-basedpayments(SectionB7,para2to5);and
41p47 (viii)agriculturalproduceandbiologicalassets(Section
C2.1para5);
(b)nature,timingandcertaintyofcashfowsrelatingtothe
following:
37p86 (i) contingencies(SectionA5.23);
IFRS7p31 (ii) fnancialinstruments–termsandconditionsthatmay
affecttheamount,timingandcertaintyoffuturecash
fows;
SIC 29p6-7 (iii)publicserviceconcessionarrangements–termsand
conditionsthatmayaffecttheamount,timingand
certaintyoffuturecashfows(SectionC3);and
IFRS4p37 (iv) insurance–informationaboutnature,timingand
uncertaintyoffuturecashfowsfrominsurance
contracts(SectionE,para2);and
(c) otherrelevantdisclosures:
36p130,131, (i) impairmentofassets–keyassumptionsforcashfow
133,134 projections,periodscoveredbyprojections,growth
rates for extrapolations and discount rates in
determiningvalueinuse(SectionA7.7,para1and4);
19p120A(u) (ii) post-employmentdefnedbeneftplans–principal
actuarialassumptions(SectionA5.17,paras14and15).
IFRS4p37 (iii)insurance–processusedtodetermineassumptions
thathavethegreatesteffectonthemeasurementof
recognisedassets,liabilities,incomeandexposesfrom
insurancecontracts.Whenpracticable,aninsurershall
alsogivequantifeddisclosureofthoseassumptions;
and
26p35 (iv) retirementbeneftplanentities–actuarialassumptions
(SectionF,para2).
3. Property,plantandequipment
17p32,57 The disclosure requirements of IAS 16 apply to owned assets
and to the amounts of leased assets held under fnance leases
in the lessee’s accounts.
16p73(d) 1. Disclose the gross carrying amount and the accumulated
1p78(a) depreciation(includingaccumulatedimpairmentlosses)for
eachclassofproperty,plantandequipment(PPE),atthe
beginning and end of each period presented.
16p73(e) 2. Provideareconciliationofthecarryingamountforeachclassof
PPEatthebeginningandendofeachperiodpresented
showing:
(a)additions;
(b)assetsclassifedasheldforsaleunderIFRS5andother
disposals;
(c)acquisitionsthroughbusinesscombinations;
(d)increasesordecreasesduringtheperiodthatresultfrom
revaluationsandimpairmentlossesrecognisedorreversed
directlyinequityunderIAS36;
(e)impairmentlossesrecognisedduringtheperiod;
(f) impairmentlossesreversedduringtheperiod;
(g)depreciation;
(h)netexchangedifferencesonthetranslationoffnancial
statements into a different presentation currency and on
translation of a foreign operation into the presentation
currencyofthereportingentity;and
(i) othermovements.
36p126(a),(b) Foreachclassofasset,disclosethelineitemsofthestatement
ofcomprehensiveincomeinwhichimpairmentlossesand
reversalsofimpairmentlossesareincluded.
Y-NA-NM
24
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A5
16p77 3. ForPPEstatedatrevaluedamounts,disclose:
(a)theeffectivedateoftherevaluation;
(b)whetheranindependentvaluerwasinvolved;
(c)themethodsandsignifcantassumptionsappliedin
estimatingtheitems’fairvalues;
(d)theextenttowhichtheitems’fairvaluesweredetermined
directlybyreferencetoobservablepricesinanactive
marketorrecentmarkettransactionsonarm’slengthterms,
ortheextenttowhichtheywereestimatedusingother
valuationtechniques;and
(e)foreachrevaluedclassofPPE,thecarryingamountthat
wouldhavebeenrecognisedhadtheassetsbeencarried
under the cost model.
Refer also to the disclosures on revaluation surplus in
Section A4.
16p74(a) 4. DisclosetheexistenceandamountsofPPEwhosetitleis
restricted.
16p74(a) 5. DisclosetheamountsofPPEpledgedassecurityforliabilities.
16p74(b) 6. DisclosetheamountofexpendituresonaccountofPPEinthe
course of construction.
16p74(d) 7. If it is not disclosed separately on the face of the income
statement,disclosetheamountofcompensationfromthird
partiesforitemsofPPEthatwereimpaired,lostorgivenupand
thatisincludedinproftorloss
8. Borrowingcosts.Disclose:
23p26(a) (a)theamountofborrowingcostscapitalisedduringthe
period;and
23p26(b) (b)thecapitalisationrateusedtodeterminetheamountof
borrowingcostseligibleforcapitalisation.
17p31(a) 9. Providethenetcarryingamountforeachclassofassetsheld
underfnanceleases.
DV, 16p79 10.Voluntarydisclosures:
(a)thecarryingamountoftemporarilyidlePPE;
(b)thegrosscarryingamountofanyfullydepreciatedPPEthat
isstillinuse;
(c)thecarryingamountofPPEretiredfromactiveuseandnot
classifedasheldforsaleunderIFRS5;and
(d)whenPPEiscarriedatcostlessdepreciation,thefairvalue
ofPPEifthisismateriallydifferentfromthecarrying
amount.
IFRS6p25 11.Explorationandevaluationassets.Treattheseassetsasa
separateclassofassetsandmakethedisclosurerequiredby
IAS16iftheyareclassifedasitemsofproperty,plantand
equipment.
4. Investmentproperty
The disclosures below apply in addition to those in IAS 17. In
accordance with IAS 17, the owner of an investment property
provides lessors’ disclosures about leases into which it has
entered. An entity that holds an investment property under a
fnance or operating lease provides lessees’ disclosures for
fnance leases and lessors’ disclosures for any operating leases
into which it has entered.
40p76, 79(d) 1. Provideareconciliationofthecarryingamountofinvestment
propertyatthebeginningandendofeachperiodpresented,
showingseparatelythosecarriedatfairvalueandthose
measuredatcostbecausethefairvaluecannotbedetermined
reliably:
(a) additions;disclosingseparatelythoseadditionsresulting
fromacquisitionsandthoseresultingfromsubsequent
expenditurerecognisedinthecarryingamountoftheasset;
(b)additionsresultingfromacquisitionsthroughbusiness
combinations;
25
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A5
(c)assetsclassifedasheldforsaleorincludedinadisposal
groupclassifedasheldforsaleinaccordancewithIFRS5
andotherdisposals;
(d)thenetgainsorlossesfromfairvalueadjustments(where
thefairvaluemodelinIAS40isused);
(e)netexchangedifferencesarisingonthetranslationofthe
fnancialstatementsintoadifferentpresentationcurrency
and on translation of a foreign operation into the
presentationcurrencyofthereportingentity;
(f) transferstoandfrominventories;andowner-occupied
property;and
(g)otherchanges.
40p78 Whenanentitythatappliesthefairvaluemodeltoinvestment
propertymeasuresapropertyusingthecostmodelinIAS16
(inaccordancewithIAS40para53)becausefairvaluecannot
bemeasuredreliably,discloseinthereconciliationrequiredin
IAS40para76amountsrelatingtothatinvestmentproperty
separatelyfromamountsrelatingtootherinvestmentproperty
40p75(e) 2. Iftherehasbeennovaluationbyanindependentprofessionally
qualifedvaluer,disclosethefact.
40p78 3. Ifthefairvaluemodelisused,butcertaininvestmentproperties
arecarriedundertheIAS16costmodelbecauseofthelackof
areliablefairvalue,provide:
40p78(a) (a)adescriptionoftheinvestmentproperty;
40p78(b) (b)anexplanationofwhyfairvaluecannotbereliably
measured;
40p78(c) (c)therangeofestimateswithinwhichfairvalueishighlylikely
tolie;and
40p78(d) (d)iftheentitydisposesofinvestmentpropertywhosefair
valuepreviouslycouldnotbemeasuredreliably,disclose:
40p78(c)(i) (i) thattheentityhasdisposedofinvestmentpropertynot
carriedatfairvalue;
40p78(c)(ii) (ii) thecarryingamountofthatinvestmentpropertyatthe
timeofsale;and
40p78(c)(iii) (iii)thecarryingamountofthatinvestmentpropertyatthe
timeofsale;and
40p78(c)(iv) (iv) thegainorlossondisposal.
40p75(g) 4. Disclosetheexistenceandamountsofrestrictionsonthe
realisabilityofinvestmentpropertyortheremittanceofincome
and proceeds of disposal.
5. If an entity uses the cost model disclose in addition to para 1
above:
40p79(a) (a)depreciationmethodsused;
40p79(b) (b)theusefullivesorthedepreciationratesused;and
40p79(c) (c)thegrosscarryingamountandtheaccumulated
depreciation(aggregatedwithaccumulatedimpairment
losses):
(i) atthebeginningoftheperiod;and
(ii) attheendoftheperiod;
40p79(d) (d)areconciliationofthecarryingamountatthebeginningand
end of the period of:
(i) depreciation;
(ii) theamountofimpairmentlossesrecognised,andthe
amountofimpairmentlossesreversed,duringthe
periodinaccordancewithIAS36;
(iii) thenetexchangedifferencesarisingonthetranslation
ofthefnancialstatementsintoadifferentpresentation
currency,andontranslationofaforeignoperationinto
thepresentationcurrencyofthereportingentity;and
40p79(e) (e)thefairvalueofinvestmentproperty.Whenanentitycannot
reliablydeterminethefairvalueoftheinvestmentproperty,
disclose:
(i) adescriptionoftheinvestmentproperty;
Y-NA-NM
26
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A5
(ii) anexplanationofwhyfairvaluecannotbereliably
measured;and
(iii)therangeofestimateswithinwhichfairvalueishighly
likely to lie.
40p77 6. Whenavaluationobtainedforinvestmentpropertyisadjusted
signifcantlyforthepurposeofthefnancialstatements(for
example,toavoiddouble-countingofassetsorliabilitiesthat
are recognised as separate assets and liabilities as described in
IAS40para50),disclose:
(a)areconciliationbetweenthevaluationobtainedandthe
adjustedvaluationincludedinthefnancialstatements;and
(b)separately,inthereconciliation:
(i) theaggregateamountofanyrecognisedlease
obligationsthathavebeenaddedback;and
(ii) anyothersignifcantadjustments.
5. Intangibleassets(excludinggoodwill)
17p32,57 ThedisclosurerequirementsofIAS38applytoownedintangible
assets and to the amounts of leased intangible assets held under
fnancialleasesinthelessee’saccounts.
38p118 1. A reconciliation of the carrying amount in respect of each class
38p118(e) ofintangibleasset,distinguishingbetween:
(a)internallygeneratedintangibleassets;and
(b)otherintangibleassets.
Showthefollowinginthereconciliation:
(a)grosscarryingamountandaccumulatedamortisation
(includingaccumulatedimpairmentlosses)atthebeginning
oftheperiod;
(b)additions(indicatingseparatelythosefrominternal
development,thoseacquiredseparately,andthose
acquiredthroughbusinesscombinations);
(c)assetsclassifedasheldforsaleorincludedinadisposal
groupclassifedasheldforsale(inaccordancewithIFRS5)
andotherdisposals;
(d)increasesordecreasesresultingfromrevaluations;
(e)impairmentlossesrecognisedduringtheperiod;
(f) impairmentlossesreversedduringtheperiod;
(g)amortisationrecognisedduringtheperiod;
(h)exchangedifferencesfromthetranslationofthefnancial
statements into a presentation currency that is different to
theentity’sfunctionalcurrencyandfromthetranslationofa
foreignoperationintotheentity’spresentationcurrency;
(i) othermovements;and
38p118(c) (j) thegrosscarryingamountandaccumulatedamortisation
(includingaccumulatedimpairmentlosses)attheendofthe
period.
1p36 IAS 38 para 119 gives examples of separate classes of
intangible assets. Comparative information for these items is
required.
38p122(a) 2. Forintangibleassetswithindefniteusefullives,disclose:
(a)thecarryingamount;and
(b)thereasonssupportingtheassessmentofanindefnite
useful life.
38p122(b) 3. Theentityisrequiredtoprovidethefollowingforanyindividual
intangibleassetthatismaterialtothefnancialstatementsof
theentityasawhole:
(a)adescriptionoftheasset,
(b)itscarryingamount;and
(c)remainingamortisationperiod.
38p124(a) 4. Forintangibleassetscarriedatrevaluedamounts,disclosefor
each class of intangible assets:
(a)theeffectivedateoftherevaluation;
(b)thecarryingamountofrevaluedintangibleassets;and
27
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A5
(c)thecarryingamountthatwouldhavebeenincludedinthe
fnancialstatementshadthecostmodelbeenused(as
if the assets had been carried at cost less accumulated
depreciationandaccumulatedimpairmentlosses).
38p124(c) 5. Disclosethemethodandsignifcantassumptionsappliedin
estimatingthefairvaluesoftheintangibleassets.
38p122(d) 6. Disclose:
(a)theexistenceandamountsofintangibleassetswhosetitle
isrestricted;and
(b)theamountsofintangibleassetspledgedassecurityfor
liabilities.
38p122(c) 7. Forintangibleassetsacquiredthroughagovernmentgrantand
initiallyrecognisedatfairvalue(refertoIAS38para44),
disclose:
(a)thefairvalueinitiallyrecognisedfortheseassets;
(b)theircarryingamount;and
(c)whethertheyarecarriedatcostlessdepreciationorat
revaluedamounts.
DV, 38p128 8. Voluntarydisclosures:
(a)fullyamortisedintangibleassetsthatarestillinuse;and
(b)detailsofsignifcantintangibleassetscontrolledbythe
entity but not recognised because they did not meet the
recognitioncriteriainIAS38orbecausetheywereacquired
orgeneratedbeforeIAS38(1998version)becameeffective.
IFRS6p25 9. Explorationandevaluationassets.Treattheseassetsasa
separateclassofassetsandmakethedisclosuresrequiredby
IAS38iftheyareclassifedasintangibleasset
6. Goodwilland‘negativegoodwill’
1

IFRS3p75 1. Provideareconciliationofthecarryingamountofgoodwill,
showing:
(a)grosscarryingamountandaccumulatedimpairmentlosses
atthebeginningoftheperiod;
(b)additions;
(c)adjustmentsresultingfromthesubsequentrecognitionof
deferredtaxassetsduringtheperiodinaccordancewith
IFRS3para65;
(d)disposals;
(e)impairmentlossesrecognisedduringtheperiod;
(f) netexchangedifferencesarisingduringtheperiod;
(g)otherchangesduringtheperiod;and
(h)grosscarryingamountandaccumulatedimpairmentlosses
at the end of the period.
1p38 Comparative information for these items is required.
IFRS3p77 2. IftheinformationthatisrequiredtobedisclosedbyIFRS3
does not disclose enough information to enable users to
evaluatethenatureandfnancialeffectofabusiness
combination,disclosesuchadditionalinformationasis
necessarytomeetthatobjective.
7. Impairment of assets
17p32,57 The disclosure requirements of IAS 36 apply to owned assets
and to the amounts of leased assets held under fnance leases in
the lessee’s accounts.
36p130 1. Whereanimpairmentloss,recognisedorreversedforan
individualassetorcash-generatingunit(CGU)duringthe
period,ismaterialtothefnancialstatementsofthereporting
entity,disclose:
1
TheIASBnolongerusestheterm‘negativegoodwill’.Theoffcialtermis‘excessofacquirer’s
interestinthenetfairvalueofacquiree’sidentifableassets,liabilitiesandcontingentliabilities
overcost’.Theterm‘negativegoodwill’isusedinthispublicationintheinterestofbrevity.
Y-NA-NM
28
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A5
(a)theeventsandcircumstancesthatledtotherecognitionor
reversaloftheimpairmentloss;
(b)theamountoftheimpairmentlossrecognisedorreversed;
(c)foranindividualasset:
(i) thenatureoftheasset;and
(ii) thesegmenttowhichtheassetbelongs(basedon
primaryformat)(refertoSectionD1);
(d)foraCGU:
(i) adescriptionoftheCGU(suchaswhetheritisa
productline,aplant,abusinessoperation,a
geographicalarea,orareportablesegmentasdefnedin
IAS14)(refertoSectionD1);
(ii) theamountoftheimpairmentlossrecognisedor
reversed:
–byclassofassets;and
–byreportablesegmentbasedontheentity’sprimary
format(refertoSectionD1);and
(iii)iftheaggregationofassetsforidentifyingtheCGUhas
changedsincethepreviousestimateoftheCGU’s
recoverableamount,theentityshoulddescribethe
current and former method of aggregating assets and
thereasonsforchangingthewaytheCGUisidentifed;
(e)whethertherecoverableamountoftheassetorCGUisits
fairvaluelesscoststoselloritsvalueinuse;
(f) thebasisusedtodeterminefairvaluelesscoststosellifthe
recoverableamountisthefairvaluelesscoststosell(for
example,whetheritwasdeterminedbyreferencetoan
activemarketorinsomeotherway);and
(g)iftherecoverableamountisvalueinuse,thediscountrates
usedincurrentestimateandpreviousestimate(ifany)of
valueinuse.
The disclosures in this section relating to segments are
applicable to entities that apply IAS 14 – refer to Section D1.
36p131 2. Disclosethefollowinginformationfortheaggregateimpairment
lossesandtheaggregatereversalsofimpairmentlosses
recognisedduringtheperiodforimpairmentlossesorreversals
thatarenotindividuallymaterial
(a) themainclassesofassetsaffectedbyimpairmentlosses(or
reversalsofimpairmentlosses);and
(b)themaineventsandcircumstancesthatledtothe
recognition(reversal)oftheseimpairmentlosses.
36p133 3. Ifanyportionofthegoodwillacquiredinabusiness
combination during the reporting period has not been allocated
toaCGUatthereportingdate:
(a)disclosetheamountoftheunallocatedgoodwill;and
(b)disclosethereasonswhythatamountremainsunallocated.
36p134 4. Wherethecarryingamountofgoodwillorintangibleassetswith
indefniteusefullivesallocatedtoaCGU(orgroupofCGUs)is
signifcantincomparisontothetotalcarryingamountof
goodwillorintangibleassetswithindefniteusefullives,disclose
thefollowingforeachCGU(orgroupofCGUs):
(a)thecarryingamountofallocatedgoodwill;
(b)thecarryingamountofintangibleassetswithindefnite
usefullives;
(c)thebasisonwhichtherecoverableamountsoftheCGUs
(groupofCGUs)havebeendetermined(valueinuseorfair
valuelesscosttosell);
(d)iftherecoverableamountsoftheCGUsarebasedonvalue
in use:
(i) adescriptionofeachkeyassumptiononwhich
managementhasbaseditscashfowprojectionsfor
theperiodcoveredbythemostrecentbudgets/
forecasts(keyassumptionsarethosetowhichthe
recoverableamountsoftheCGUsaremostsensitive);
29
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A5
(ii) adescriptionofmanagement’sapproachtodetermining
thevaluesassignedtoeachkeyassumption,whether
thosevaluesrefectpastexperienceand/orare
consistentwithexternalsourcesofinformation,if
appropriate.Ifnot,disclosehowandwhytheydiffer
frompastexperienceand/orexternalsourcesof
information;
(iii)theperiodoverwhichmanagementhasprojectedcash
fowsbasedonfnancialbudgets/forecastsapprovedby
managementand,whenaperiodgreaterthanfveyears
isusedforaCGU(orgroupofCGUs),anexplanationof
whythatlongerperiodisjustifed;
(iv)thegrowthrateusedtoextrapolatecashfow
projectionsbeyondtheperiodcoveredbythemost
recentbudgets/forecasts,andthejustifcationfor
usinganygrowthratethatexceedsthelong-term
averagegrowthratefortheproducts,industries,or
countryorcountriesinwhichtheentityoperates,orfor
themarkettowhichtheCGUisdedicated;and
(v) thediscountrate(s)appliedtothecashfowprojections;
(e)iftheCGUs’recoverableamountsarebasedonthefair
valuelesscosttosell,disclosethemethodologyused
todeterminethefairvaluelesscosttosell.Iffairvalueless
costtosellisnotdeterminedusingobservablemarket
pricesfortheCGUs,disclosethefollowinginformation:
(i) adescriptionofeachkeyassumptiononwhich
managementhasbaseditsdeterminationoffairvalue
lesscosttosell(keyassumptionsarethosetowhichthe
recoverableamountsoftheCGUsaremostsensitive);
and
(ii) adescriptionofmanagement’sapproachtodetermining
thevaluesassignedtoeachkeyassumption,whether
thosevaluesrefectpastexperienceand/or,if
appropriate,areconsistentwithexternalsourcesof
information,andifnot,howandwhytheydifferfrom
pastexperienceand/orexternalsourcesofinformation;
and
(f)ifareasonablypossiblechangeinakeyassumptionon
whichmanagementhasbaseditsdeterminationofthe
CGU’srecoverableamountwouldcausetheCGU’scarrying
amounttoexceeditsrecoverableamount:
(i) theamountbywhichtheaggregateoftheCGU’s
recoverableamountsexceedstheaggregateoftheir
carryingamounts;
(ii) thevalueassignedtothekeyassumptions;and
(iii)theamountbywhichthevalueassignedtothekey
assumptionmustchange,afterincorporatingany
consequentialeffectsofthatchangeontheother
variablesusedtomeasurerecoverableamount,inorder
fortheCGU’srecoverableamounttobeequaltoits
carrying amount.
36p135 5. Ifsomeorallofthecarryingamountofgoodwillorintangible
assetswithindefnitelivesisallocatedacrossmultipleCGUs(or
groupsofCGUs)andtheamountallocatedtoeachCGU(or
groupofCGUs)isnotindividuallysignifcant,disclosethatfact,
togetherwiththeaggregatecarryingamountofgoodwillor
intangibleassetswithindefnitelivesallocatedtothoseCGUs
(orgroupofCGUs).
36p135 6. IftherecoverableamountsofanyofthoseCGUs(orgroupof
CGUs)arebasedonthesamekeyassumptions,andthe
aggregatecarryingamountsofgoodwillorintangibleassets
withindefnitelivesallocatedtothemissignifcant,disclose
thatfact,togetherwith:
(a)theaggregatecarryingamountofgoodwillallocatedto
thoseCGUs(orgroupsofCGUs);
Y-NA-NM
30
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A5
(b)theaggregatecarryingamountofintangibleassetswith
indefniteusefullivesallocatedtothoseCGUs(orgroupof
CGUs);
(c)adescriptionsofthekeyassumption(s);
(d)adescriptionofmanagement’sapproachtodetermining
thevaluesassignedtoeachkeyassumption,whether
thosevaluesrefectpastexperienceand/or,ifappropriate,
whethertheyareconsistentwithexternalsourcesof
information.Ifnot,disclosehowandwhytheydifferfrom
pastexperienceand/orexternalsourcesofinformation;and
(e)ifareasonablypossiblechangeinthekeyassumptions
wouldcausetheCGU’s(orgroupofCGUs’)carryingamount
toexceeditsrecoverableamount:
(i) theamountbywhichtheaggregateoftherecoverable
amountsoftheCGUsexceedstheaggregateoftheir
carryingamounts;
(ii) thevalueassignedtothekeyassumptions;and
(iii)theamountbywhichthevalueassignedtothekey
assumptionmustchange,afterincorporatinganyeffects
ofthatchangeintheothervariablesusedtomeasure
therecoverableamount,inorderfortheCGU’s(orgroup
ofCGUs’)recoverableamounttobeequaltotheir
carrying amount.
36p136 7. Ifthemostrecentdetailedcalculationoftherecoverable
amountofaCGUmadeinaprecedingperiodiscarried
forwardandusedintheimpairmenttestforthatunitinthe
currentperiod,thedisclosuresrequiredin5and6aboverelate
tothecarriedforwardcalculationofrecoverableamount.
38p128 8. Anentityisencouraged,butnotrequired,todisclose:
38p128(a) (a)adescriptionofanyfullyamortisedintangibleassetthatis
stillinuse;and
38p128(b) (b)abriefdescriptionofsignifcantintangibleassetscontrolled
by the entity but not recognised as assets because they did
notmeettherecognitioncriteriainIAS38orbecausethey
wereacquiredorgeneratedbeforetheversionofIAS38
issuedin1998waseffective.
8. Associates
28p1 Anentityholdinganinvestmentinanassociatethatis
measuredatfairvaluethroughproftorlossinaccordancewith
IAS39disclosestheinformationrequiredbyIAS28para37(f).
28p38 1. Associatesaccountedforusingtheequitymethod.Disclose:
(a)associatesasaseparateitemundernon-currentassets;
(b)theinvestor’sshareoftheproftorlossofassociates;and
(c)separately,theinvestor’sshareofanydiscontinued
operations of associates.
28p37 2. Disclose:
(a)thefairvalueofinvestmentsinassociates(individually)for
whichtherearepublishedpricequotations;
(b)summarisedfnancialinformationofassociates(individually
foreachsignifcantassociate),includingtheaggregated
amountsofassets,liabilities,revenuesandproftorloss;
(c)thereasonswhythepresumptionthataninvestordoesnot
havesignifcantinfuenceisovercomeiftheinvestor
holds,directlyorindirectlythroughsubsidiaries,lessthan
20%ofthevotingorpotentialvotingpoweroftheinvestee
butconcludesthatithassignifcantinfuence;
(d)thereasonswhythepresumptionthataninvestorhas
signifcantinfuenceisovercomeiftheinvestorholds,
directlyorindirectlythroughsubsidiaries,20%ormoreof
thevotingorpotentialvotingpoweroftheinvesteebut
concludesthatitdoesnothavesignifcantinfuence;
31
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A5
(e)thereportingdateofanassociate’sfnancialstatements,
whenitisdifferentfromthatoftheinvestor,andthereason
forusingadifferentreportingdate;
(f) thenatureandextentofanysignifcantrestrictions(for
example,resultingfromborrowingarrangementsor
regulatoryrequirements)onassociates’abilitytotransfer
fundstotheinvestorintheformofcashdividends,or
repaymentofloansoradvances;
(g)theunrecognisedshareofanassociate’slosses,bothfor
theperiodandcumulatively,ifaninvestorhasdiscontinued
recognitionofitsshareofanassociate’slosses;
(h)thefactthatanassociateisnotaccountedforusingthe
equitymethod,inaccordancewithIAS28para13;and
(i) summarisedfnancialinformationofassociates,either
individuallyoringroups,thatarenotaccountedforusing
theequitymethod,includingtheamountsoftotal
assets,totalliabilities,revenuesandproftorloss.
28p39 3. Theinvestor’sshareofchangesrecogniseddirectlyinthe
associate’sequityshouldberecogniseddirectlyinequitybythe
investor.Disclosetheseinthestatementofchangesinequity,
asrequiredbyIAS1.
8p40 4. InaccordancewithIAS37,disclose:
(a) theinvestor’sshareofanassociate’scontingentliabilities
incurredjointlywithotherinvestors;and
(b)thosecontingentliabilitiesthatarisebecausetheinvestoris
liable for all or part of the liabilities of the associate.
9. Jointventures
31p56 1. Aventurershoulddisclose:
(a) alistinganddescriptionofinterestsinsignifcantjoint
venturesandtheproportionofownershipinterestheldin
jointlycontrolledentities;and
(b)theaggregateamountsofeachofcurrentassets,
long-termassets,currentliabilities,long-termliabilities,
incomeandexpensesrelatedtoitsinterestsinjoint
ventures.
31p56 2. Aventurerthatrecognisesitsinterestsinjointlycontrolled
entitiesusingtheline-by-linereportingformatforproportionate
consolidationortheequitymethod,disclosestheaggregate
amountsofeachofthefollowingrelatedtoitsinterestsinjoint
ventures:
(a)currentassets;
(b)non-currentassets;
(c)currentliabilities;
(d)non-currentliabilities;
(e)income;and
(f) expenses.
31p54 3. Discloseseparatelyfromothercontingentliabilities:
(a)anycontingentliabilitiesthattheventurerhasincurredin
relationtoitsinterestsinjointventuresanditsshareineach
ofthecontingentliabilitiesthathavebeenincurredjointly
withotherventurers;
(b)itsshareofthecontingentliabilitiesofthejointventures
themselvesforwhichitiscontingentlyliable;and
(c)thecontingentliabilitiesthatarisebecausetheventureris
contingentlyliablefortheliabilitiesoftheotherventurersof
ajointventure.
31p55 4. Discloseseparatelyfromothercommitmentstheaggregateof:
(a) anycapitalcommitmentsoftheventurerinrelationtoits
interestsinjointventuresanditsshareinthecapital
commitmentsthathavebeenincurredjointlywithother
venturers;and
(b)itsshareofthecapitalcommitmentsofthejointventures
themselves.
Y-NA-NM
32
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A5
31p1 5. Anentityholdinganinterestinajointventurethatismeasured
atfairvaluethroughproftorlossinaccordancewithIAS39
disclosestheinformationrequiredbyIAS31paras55and56.
10. Subsidiaries
27p40 1. Inconsolidatedfnancialstatements,disclose:
(a)thenatureoftherelationshipbetweentheparentand
asubsidiarywhentheparentdoesnotown,directlyor
indirectlythroughsubsidiaries,morethanhalfofthevoting
power;
(b)thereasonswhytheownership,helddirectlyorindirectly
throughsubsidiaries,ofmorethanhalfofthevotingor
potentialvotingpowerofaninvesteedoesnotconstitute
control;
(c)thereportingdateofasubsidiary’sfnancialstatements
whenitisdifferentfromthatoftheparent,andthereason
forusingadifferentreportingdateorperiod;and
(d)thenatureandextentofanysignifcantrestrictions(for
example,resultingfromborrowingarrangementsor
regulatoryrequirements)ontheabilityofsubsidiariesto
transferfundstotheparentintheformofcashdividendsor
torepayloansoradvances.
27p42 2. Whenaparent(otherthanaparentcoveredbyIAS27para41),
venturerwithaninterestinajointlycontrolledentityoran
investorinanassociatepreparesseparatefnancialstatements,
disclose:
(a)thefactthatthestatementsareseparatefnancial
statementsandthereasonswhythosestatementsare
preparedifnotrequiredbylaw;
(b)alistofsignifcantinvestmentsinsubsidiaries,jointly
controlledentitiesandassociates,including:
(i) thename;
(ii) countryofincorporationorresidence;
(iii)proportionofownershipinterest;and
(iv)ifdifferent,proportionofvotingpowerheld;and
(c)adescriptionofthemethodusedtoaccountforthe
investmentslistedunder(b).
Identifytheconsolidatedfnancialstatementspreparedin
accordancewithIAS27para9,IAS28andIAS31towhichthe
separatefnancialstatementsrelate.
11.Investments–fnancialassets

39p9 1. Under IAS 39 fnancial assets are classifed into:
(a) held at fair value through proft or loss (including trading);
(b) held to maturity;
(c) loans and receivables; and
(d) available for sale.
2. AlthoughnotrequiredbyIAS39,itisusefultodisclosea
reconciliationofthecarryingamountoffnancialassetsatthe
beginningandendoftheperiodshowingmovements,
impairment losses and exchange differences arising on
translationofthefnancialstatementsofaforeignentitywhen
investmentsaresignifcant.
IFRS7p20 3. Foravailable-for-salefnancialassets,disclose:
(a)(ii) (a)theamountofanygainorlossthatwasrecognisedinequity
duringthecurrentperiod;and
(b)theamountthatwasremovedfromequityandreportedin
netproftorlossfortheperiod.
IFRS7p12 4. Iftheentityhasreclassifedafnancialassetasonerequiredto
bemeasuredatcostoramortisedcostratherthanatfairvalue,
disclosethereasonforthereclassifcation(refertoIAS39
para54).
33
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A5
39p37(a) For all transfers that involve collateral, if the transferee has the
right by contract or custom to sell or repledge the collateral,
the transferor reclassifes that asset it its balance sheet
separately from other assets.
12.Inventory
2p36(b) 1. Disclosethecarryingamountofinventoriesintotal,sub-
classifedbymaincategoriesappropriatetotheentity.For
2p37,1p78(c) example, merchandise, production supplies, materials, work
in progress and fnished goods.
2p36(c) 2. Disclosethecarryingamountofinventoriescarriedatfairvalue
less costs to sell.
2p36(d)(e) 3. Disclosetheamountofinventoriesandtheamountofwrite-
downrecognisedasexpensesduringtheperiod.
2p36(f)(g) 4. Disclosetheamountof,andcircumstancesoreventsleading
to,thereversalofanywrite-downthatisrecognisedasa
reductionintheamountofinventoriesrecognisedasexpensein
the period.
2p36(h) 5. Disclosethecarryingamountofinventoriespledgedassecurity
for liabilities.
1p60,61 6. Whereinventoriescombinecurrentandnon-currentamounts,
disclosetheamountofthenon-currentportionthatisexpected
toberecoveredorsettledaftermorethan12months.
13.Tradeandotherreceivables
1p77 1. Disclosereceivablesinamannerappropriatetotheentity’s
operation,withthefollowingspecifcdisclosures:
1p78(b) (a)tradereceivables;
(b)receivablesfromsubsidiaries(instandaloneaccounts);
(c)receivablesfromrelatedparties(refertoSectionA5.21);
(d)otherreceivables;and
(e)pre-payments.
IFRS7p20(e) 2. Disclose impairment losses recognised during the period on
receivables.
1p60,61 3. Wheretradeandotherreceivablescombinecurrentand
non-currentamounts,disclosetheamountofthenon-current
portionthatisexpectedtoberecoveredorsettledaftermore
than 12 months.
14.Incometaxes
1p54(o) 1. Present deferred tax assets and deferred tax liabilities
separately on the face of the balance sheet.
1p54(n) 2. Present current income tax assets and liabilities separately on
the face of the balance sheet.
3. Classifydeferredtaxassets(liabilities)asnon-currentassets
(liabilities)ifadistinctionbetweencurrentandnon-current
assets and liabilities is made on the face of the balance sheet.
1p60,61 4. Disclosetheamountofthenon-currentportionofdeferredor
currenttaxesthatisexpectedtoberecoveredorsettledafter
more than 12 months.
12p71, For the offsetting rules of current tax assets and liabilities, refer
12p74 to IAS 12 para 71; for the offsetting rules of deferred tax assets
and liabilities, refer to IAS 12 para 74.
Y-NA-NM
34
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A5
5. Disclose:
12p81(e) (a)theamount(andexpirydate,ifany)ofdeductibletemporary
differences,unusedtaxlosses,andunusedtaxcreditsfor
whichnodeferredtaxassetisrecognisedinthebalance
sheet;and
12p81(f) (b)theaggregateamountoftemporarydifferencesassociated
withinvestmentsinsubsidiaries,branchesandassociates
andinterestsinjointventures,forwhichdeferredtax
liabilitieshavenotbeenrecognised(IAS12para39).
12p81(g) 6. Inrespectofeachtypeoftemporarydifference,andinrespect
ofeachtypeofunusedtaxlossesandunusedtaxcredits,
disclose:
(a)theamountofthedeferredtaxassetsandliabilities
recognisedinthebalancesheetforeachperiodpresented;
and
(b)theamountofthedeferredtaxincomeorexpense
recognisedintheincomestatement,ifthisisnotapparent
from the changes in the amounts recognised in the balance
sheet(forexample,wheretherearedeferredtaxitems
chargedorcreditedtoequityduringtheperiod).
It is a helpful ‘proof’ to display the movements during the period
in each category of temporary differences in the deferred tax
account, although it is not required by IAS 12.
12p82 7. Disclose the amount of a deferred tax asset and the nature of
theevidencesupportingitsrecognition,when:
(a)theutilisationofthedeferredtaxassetisdependenton
futuretaxableproftsinexcessoftheproftsarisingfromthe
reversalofexistingtaxabletemporarydifferences;and
(b)theentityhassufferedalossineitherthecurrentor
precedingperiodinthetaxjurisdictiontowhichthedeferred
tax asset relates.
12p81(a) 8. Disclosetheaggregatecurrentanddeferredtaxrelatingto
itemschargedorcreditedtoequity.For deferred taxes, it is
useful to disclose the analysis by category of temporary
differences.
12p82A 9. Ifincometaxesarepayableatahigherorlowerrateifpartorall
ofthenetproftorretainedearningsispaidoutasadividend,
disclose:
(a)thenatureofthepotentialincometaxconsequencesthat
wouldresultfromthepaymentofdividends;and
(b)theamountsofthepotentialincometaxconsequences
practicallydeterminable,andwhetherthereareanypotential
incometaxconsequencesnotpracticallydeterminable.
15. Trade and other payables
1p77 1. Disclosepayablesinamannerappropriatetotheentity’s
operations,withthefollowingspecifcdisclosures:
(a)tradepayables;
(b)payablestosubsidiaries(instandaloneaccounts);
(c)payablestorelatedparties.
(d)otherpayables;
(e)accruals;and
(f) deferredincome.
1p60 2. Whereanyoftheaboveitemscombinecurrentandnon-current
amounts,disclosetheamountofthenon-currentportionthat
isexpectedtoberecoveredorsettledaftermorethan12
months.
35
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A5
16.Provisions
1p78(d) Provisionsaredisaggregatedintoprovisionsforemployee
beneftsandotheritems.
37p84 1. Foreachclassofprovision,disclose:
(a)thecarryingamountatthebeginningoftheperiod;
(b)exchangedifferencesfromthetranslationofforeignentities’
fnancialstatements;
(c)provisionsacquiredthroughbusinesscombinations;
(d)additionalprovisionsmadeintheperiodandincreasesto
existingprovisions;
(e)amountsused(incurredandchargedagainsttheprovision);
(f) amountsreversedunused;
(g)theincreaseduringtheperiodinthediscountedamount
arising from the passage of time and the effect of any
changeinthediscountrate;and
(h)thecarryingamountattheendoftheperiod.
1p60 2. Whereanyprovisioncombinescurrentandnon-current
amounts,disclosetheamountofthenon-currentportionthat
isexpectedtoberecoveredorsettledaftermorethan12
months.
37p85 3. Foreachclassofprovision,provide:
(a)abriefdescriptionofthenatureoftheobligationandofthe
expectedtimingofanyresultingoutfowsofeconomic
benefts;
(b)anindicationoftheuncertaintiesabouttheamountortiming
ofthoseoutfows(wherenecessarytoprovideadequate
information,disclosethemajorassumptionsmade
concerningfutureevents,asaddressedinIAS37para48);
and
(c)theamountofanyexpectedreimbursement,stating
the amount of any asset that has been recognised for that
expected reimbursement.
37p92 4. Inextremelyrarecases,disclosureofsomeorallofthe
informationrequiredbyIAS37paras84-85canbeexpectedto
prejudicethepositionoftheentityinadisputewithother
partiesinrespectofthematterforwhichtheprovisionismade.
Insuchasituation,theinformationdoesnotneedtobe
disclosed,butthefollowingshouldbedisclosed:
(a) thegeneralnatureofthedispute;
(b)thefactthattheinformationhasnotbeendisclosed;and
(c)thereasonwhythatinformationhasnotbeendisclosed.
34p26 5. If an estimate of an amount reported in an interim period – for
example,aprovision–ischangedsignifcantlyduringthe
fnalinterimperiodofthefnancialyearbutaseparatefnancial
reportisnotpublishedforthatfnalinterimperiod,disclosethe
nature and amount of that change in estimate in a note to the
annualfnancialstatementsforthatfnancialyear.
This item is applicable only when the reporting entity publishes
an interim fnancial report prepared in accordance with IAS 34.
17.Post-employmentbenefts–defnedbeneftplans
1p60 1. Where the amounts recognised in the balance sheet combine
currentandnon-currentamounts,disclosetheamountofthe
non¬currentportion(wherethiscanbedetermined–referto
IAS19para118)thatisexpectedtoberecoveredorsettled
after more than 12 months.
19p120A(b) 2. Provideageneraldescriptionofthetypeofdefnedbeneft
plan.
Y-NA-NM
36
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A5
19p120A(c) 3. Provideareconciliationofopeningandclosingbalancesofthe
presentvalueofthedefnedbeneftobligationshowing
separately,ifapplicable,theeffectsduringtheperiod
attributabletoeachofthefollowing:
(a)currentservicecost,
(b)interestcost,
(d)actuarialgainsandlosses,
(e)foreigncurrencyexchangeratechangesonplansmeasured
inacurrencydifferentfromtheentity’spresentation
currency,
(f) beneftspaid,
(g)pastservicecost,
(h)businesscombinations,
(i) curtailments,and
(j) settlements.
19p120A(d) 3. Provideananalysisofthedefnedbeneftobligationinto
amountsarisingfromplansthatarewhollyunfundedand
amountsarisingfromplansthatarewhollyorpartlyfunded.
19p120A(e) 4. Provideareconciliationoftheopeningandclosingbalances
ofthefairvalueofplanassetsandoftheopeningandclosing
balances of any reimbursement right recognised as an asset
inaccordancewithIAS19para104A,showingseparately,if
applicable,theeffectsduringtheperiodattributabletoeachof
thefollowing:
(a)expectedreturnonplanassets;
(b)actuarialgainsandlosses;
(c)foreigncurrencyexchangeratechangesonplansmeasured
inacurrencydifferentfromtheentity’spresentation
currency;
(d)contributionsbytheemployer;
(e)contributionsbyplanparticipants;
(f) beneftspaid;
(g)businesscombinations;and
(h)settlements.
19p120A(f) 5. Provideareconciliationofthepresentvalueofthedefned
beneftobligationinpara2aboveandthefairvalueoftheplan
assetsinpara4abovetotheassetsandliabilitiesrecognisedin
thebalancesheet,showingatleast:
(a)thenetactuarialgainsorlossesnotrecognisedinthe
balancesheet;
(b)thepastservicecostnotrecognisedinthebalancesheet
(refertoIAS19para96);
(c)anyamountnotrecognisedasanasset,becauseofthelimit
inIAS19para58(b);
(d)thefairvalueatthebalancesheetdateofany
reimbursement right recognised as an asset in accordance
withIAS19para104A(withabriefdescriptionofthelink
betweenthereimbursementrightandtherelatedobligation);
and
(e)theotheramountsrecognisedinthebalancesheet.
19p120A(g) 6. Providethetotalexpenserecognisedinproftorlossforeachof
thefollowing,andthelineitem(s)inwhichtheyareincluded:
(a)currentservicecost;
(b)interestcost;
(c)expectedreturnonplanassets;
(d)expectedreturnonanyreimbursementrightrecognisedas
anassetinaccordancewithIAS19para104A;
(e)actuarialgainsandlosses
(f) pastservicecost;
(g)theeffectofanycurtailmentorsettlement;and
(h)theeffectofthelimitinIAS19para58(b).
19p120A(h), 7. Providethetotalamountrecognisedinthestatementof
1p96(b) recognisedincomeandexpenseforeachofthefollowing:
(a)actuarialgainsandlosses;and
37
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A5
(b)theeffectofthelimitinIAS19para58(b).
19p120A(i), 8. Thecumulativeamountofactuarialgainsandlossesrecognised
1p96(b) in the statement of recognised income and expense.
19p120A(j) 9. Provideforeachmajorcategoryofplanassets–whichshould
include,butisnotlimitedto,equityinstruments,debt
instruments,property,andallotherassets–thepercentageor
amountthateachmajorcategoryconstitutesofthefairvalueof
the total plan assets.
19p120A(k) 6 10.Providetheamountsincludedinthefairvalueofplanassets
for:
(a)eachcategoryoftheentity’sownfnancialinstruments;and
(b)anypropertyoccupiedby,orotherassetsusedby,the
entity.
19p120A(l) 11.Provideanarrativedescriptionofthebasisusedtodetermine
theoverallexpectedrateofreturnonassets,includingthe
effectofthemajorcategoriesofplanassets.
19p120A(m) 12.Providetheactualreturnonplanassets,aswellastheactual
return on any reimbursement right recognised as an asset in
accordancewithIAS19para104A.
19p120A(n) 13.Providetheprincipalactuarialassumptionsusedasatthe
balancesheetdate,including,whenapplicable:
(a)thediscountrates;
(b)theexpectedratesofreturnonanyplanassetsforthe
periodspresentedinthefnancialstatements;
(c)theexpectedratesofreturnfortheperiodspresentedin
thefnancialstatementsonanyreimbursementright
recognisedasanassetinaccordancewithpara104A;
(d)theexpectedratesofsalaryincreases(andofchangesin
anindexorothervariablespecifedintheformalor
constructivetermsofaplanasthebasisforfuturebeneft
increases);
(e)medicalcosttrendrates;and
(f) anyothermaterialactuarialassumptionsused(suchas
detailsofmortalityassumptions).
Discloseeachactuarialassumptioninabsoluteterms(for
example,asanabsolutepercentage),notjustasamargin
betweendifferentpercentagesorothervariables.
19p120A(o) 14.Providetheeffectofanincreaseofonepercentagepointand
the effect of a decrease of one percentage point in the assumed
medical cost trend rates on:
(a)theaggregateofthecurrentservicecostandinterestcost
componentsofnetperiodicpost-employmentmedical
costs;and
(b)theaccumulatedpost-employmentbeneftobligationfor
medical costs.
All other assumptions should be held constant for the purposes
ofthisdisclosure.Forplansoperatinginahighinfation
environment,thedisclosureshouldbetheeffectofa
percentage increase or decrease in the assumed medical
costtrendrateofasignifcancesimilartoonepercentage
pointinalowinfationenvironment.
19p120A(p) 15.Providetheamountsforthecurrentannualperiodandprevious
four annual periods of:
(a)thepresentvalueofthedefnedbeneftobligation,thefair
valueoftheplanassetsandthesurplusordefcitinthe
plan;and
(b)theexperienceadjustmentsarisingon:
(i) theplanliabilitiesexpressedeitheras:
−anamount;or
− a percentage of the plan liabilities at the balance sheet
date;and
Y-NA-NM
38
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A5
(ii) theplanassetsexpressedeitheras:
−anamount;or
− a percentage of the plan assets at the balance sheet
date.
19p120A(q) 16.Providetheemployer’sbestestimate,assoonasitcan
reasonablybedetermined,ofcontributionsexpectedtobepaid
to the plan during the annual period beginning after the balance
sheet date.
19p29(b) 17.Formulti-employerplansthataretreatedasdefnedbeneft
plans,disclosetheinformationrequiredbyIAS19para120A.
19p30(b)(c) 18.Formulti-employerplansthataretreatedasadefned
contributionplan,disclose;
(a)thefactthattheplanisadefnedbeneftplan;
(b)thereasonwhysuffcientinformationisnotavailableto
enabletheentitytoaccountfortheplanasadefnedbeneft
plan;and
(c)totheextentthatasurplusordefcitintheplanmayaffect
the amount of future contribution:
(i) anyavailableinformationaboutthatsurplusordefcit;
(ii) thebasisusedtodeterminethatsurplusordefcit;and
(iii)theimplications,ifany,fortheentity(referalsotoIAS
19paras32Aand32B).
19p34B (a)-(d)19.Foradefnedbeneftplanthatsharesrisksbetweenentities
undercommoncontrol,disclose;
(a)thecontractualagreementorstatedpolicyforchargingthe
defnedbeneftcostorthefactthatthereisnosuchpolicy;
(b)thepolicyfordeterminingthecontributiontobepaidbythe
entity;
(c)iftheentityaccountsforanallocationofthenetdefned
beneftcostinaccordancewithIAS19para34A,allthe
informationabouttheplanasawholeinaccordancewith
paras120-121(paras1-17above);and
(d) iftheentityaccountsforthecontributionpayableforthe
periodinaccordancewithIAS19para34A,information
abouttheplanasawholerequiredinaccordancewithIAS
19paras120A(b)-(e),(j),(n),(o),(q)and121(items1-4,9,
13,14and16above)
18.Lease liabilities
Leases are fnancial instruments and therefore all the disclosure
requirements of IFRS 7 apply also to leases – refer to
Section A8.
Note: This section of the checklist applies to lessees. For
lessors, refer to Section C4.
(a) Lessees–fnanceleases
17p31 1. Disclose:
(a) thenetcarryingamountforeachclassofassetsatthe
balancesheetdate;
(b)areconciliationbetweenthetotalminimumleasepayments
atthebalancesheetdate,andtheirpresentvalue;
(c)thetotalofminimumleasepaymentsatthebalancesheet
date,andtheirpresentvalue,foreachofthefollowing
periods:
(i) nolaterthanoneyear;
(ii) laterthanoneyearbutnolaterthanfveyears;and
(iii)laterthanfveyears;
(d)theamountofcontingentrentsrecognisedintheincome
statementfortheperiod;
(e) thetotaloffutureminimumsubleasepaymentsexpectedto
bereceivedundernon-cancellablesubleasesatthebalance
sheetdate;and
39
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A5
(f) ageneraldescriptionofthelessee’ssignifcantleasing
arrangements.Thiswouldinclude,butisnotlimitedto:
(i) thebasisonwhichcontingentrentpaymentsare
determined;
(ii) theexistenceandtermsofrenewalorpurchaseoptions
andescalationclauses;and
(iii)restrictionsimposedbyleasearrangements,suchas
thoseconcerningdividends,additionaldebtandfurther
leasing.
The disclosure requirements of IAS 16, IAS 36, IAS 38, IAS 40
and IAS 41 apply to lessees for assets leased under fnance
leases.
(b)Lessees–operatingleases
17p35 1. Disclose:
(a)thetotaloffutureminimumleasepaymentsundernon¬-
cancellableoperatingleasesforeachofthefollowing
periods:
(i) nolaterthanoneyear;
(ii) laterthanoneyearandnolaterthanfveyears;and
(iii)laterthanfveyears.
(b)thetotaloffutureminimumsubleasepaymentstobe
receivedundernon-cancellablesubleasesatthebalance
sheetdate;
(c)leaseandsubleasepaymentsrecognisedintheincome
statementfortheperiod,withseparateamountsfor
minimumleasepayments,contingentrentsandsublease
payments;and
(d)ageneraldescriptionofthelessee’ssignifcantleasing
arrangements.Thiswouldinclude,butisnotlimitedto:
(i) thebasisonwhichcontingentrentpaymentsare
determined;
(ii) theexistenceandtermsofrenewalorpurchaseoptions
andescalationclauses;and
(iii) restrictionsimposedbyleasearrangements,suchas
thoseconcerningdividends,additionaldebtandfurther
leasing.
17p65 2. ThedisclosurerequirementsaboutleasessetoutinSection
A5.18alsoapplytosaleandleasebacktransactions.Any
uniqueorunusualprovisionsintheagreementsortermsofthe
sale and leaseback transactions should be separately
disclosed.
IFRIC4pBC39 3. ThedisclosurerequirementssetoutinSectionA5.18alsoapply
toleasesunderIFRIC4.
IFRIC4p15(b) 4. Ifapurchaser/lesseeconcludesthatitisimpracticaltoseparate
the lease payments in an operating lease reliably from other
payments,itshouldtreatallpaymentsundertheagreementas
leasepaymentsforthepurposeofcomplyingwiththe
disclosuresofIAS17,but:
(a) disclosethosepaymentsseparatelyfromminimum
lease payments that do not include payments for
non-leaseelements;and
(b)statethatthedisclosedpaymentsalsoinclude
paymentsfornon-leaseelementsinthearrangement.
(c) Arrangementsthatdonotinvolvealeaseinsubstance
SIC27p10, 11 1. Forarrangementsthatdonotinvolvealeaseinsubstance,
disclosethefollowing,individuallyforeacharrangement
orinaggregateforeachclassofarrangement,ineachperiodin
whichanarrangementexists:
(a)adescriptionofthearrangementincluding:
(i) theunderlyingassetandrestrictionsonitsuse;
(ii) thelifeandothersignifcanttermsofthearrangement;
and
Y-NA-NM
40
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A5
(iii)thetransactionsthatarelinkedtogether,including
anyoptions;and
(b)theaccountingtreatmentappliedtoanyfeereceived,the
amountrecognisedinincomeintheperiod,andtheline
itemoftheincomestatementinwhichitisincluded.
19.Borrowingsandotherliabilities
Borrowingsarefnancialinstruments;therefore,allthe
IFRS7disclosurerequirementsalsoapplytoborrowings.
1p60, 61 1. Disclosetheborrowingsclassifedbetweencurrentandnon-
currentportions,inaccordancewithIAS1paras69-74.
1p76 2. Inrespectofloansclassifedascurrentliabilities,ifthefollowing
eventsoccurbetweenthebalancesheetdateandthedatethe
fnancialstatementsareauthorisedforissue,thoseevents
qualifyfordisclosureasnon-adjustingeventsinaccordance
withIAS10:
(a)refnancingonalong-termbasis;
(b)rectifcationofabreachofalong-termloanagreement;and
(c)thegrantingbythelenderofaperiodofgracetorectifya
breachofalong-termloanagreementendingatleasttwelve
months after the reporting period.
32p28 3. Theissuerofanon-derivativefnancialinstrumentshould
evaluatethetermsofthefnancialinstrumenttodetermine
whetheritcontainsbothaliabilityandanequitycomponent.
Classifysuchcomponentsseparatelyasfnancialliabilities,
fnancialassetsorequityinstruments,inaccordancewith
IAS32para15.
20. Government grants
20p39(b)(c) 1. Disclose:
(a)thenatureandextentofgovernmentgrantsrecognised;
(b)anindicationofotherformsofgovernmentassistancefrom
whichtheentityhasdirectlybenefted;and
(c)unfulflledconditionsandothercontingenciesrelatedto
governmentassistancethathasbeenrecognised.
21.Related-partytransactions
24p9 1. Thedisclosuresinthefollowingparagraphapplytorelated
parties,whichcomprisethefollowingentitiesandindividuals:
(a)controllingshareholders(forexample,parentcompanies,
individualcompaniesandtrusts);
(b)subsidiariesandfellowsubsidiaries;
(c)partiesthathaveaninterestintheentitythatgivesthem
signifcantinfuenceovertheentity;
(d)partiesthathavejointcontrolovertheentity;
(e)associates;
(f) jointventures;
(g)theentity’sorparent’skeymanagementpersonnel;
(h)closemembersofthefamilyofanyindividualreferredtoin
(a),(b),(c),(d)or(g);
(i) anentitythatiscontrolled,jointlycontrolledor
signifcantlyinfuencedbyanyindividualreferredtoin(g)
or(h),orforwhichsignifcantvotingpowerintheentity
resideswith,directlyorindirectly,anyindividualreferred
toin(g)or(h);and
(j) thepost-employmentbeneftplan.
24p12 2. Discloserelationshipsbetweenparentsandsubsidiaries
irrespectiveofwhethertherehavebeentransactionsbetween
thoserelatedparties.Disclosethenameoftheentity’sparent
and,ifdifferent,theultimatecontrollingparty.Ifneitherthe
41
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionsA5-A6
entity’sparentnortheultimatecontrollingpartyproduces
fnancialstatementsavailableforpublicuse,disclosethename
of the next most senior parent that does so.
24p16 3. Disclosekeymanagementpersonnelcompensationintotaland
foreachofthefollowingcategories:
(a)short-termemployeebenefts;
(b)post-employmentbenefts;
(c)otherlong-termbenefts;
(d)terminationbenefts;and
(e)share-basedpayments.
24p17(a-d) 4. Wheretherehavebeentransactionsbetweenrelatedparties,
disclose:
(a)thenatureofrelated-partyrelationships;
(b)typesoftransactions(forexample,goodsorservicessold/
purchased,managementservices,directors’remuneration
andemoluments,loansandguarantees);
(c)theamountoftransactions;
(d)theamountofoutstandingbalances(includingtermsand
conditions,securedornot,thenatureoftheconsideration
to beprovidedinsettlementandanguaranteesgivenor
received);
(e)provisionsfordoubtfuldebtsrelatedtotheamountof
outstandingbalances;and
(f) theexpenserecognisedduringtheperiodinrespectofbad
or doubtful debts due from related parties.
24p18 5. Makethedisclosuresrequiredbyparagraph4aboveseparately
foreachofthefollowingcategories:
(a)theparent;
(b)entitieswithjointcontrolorsignifcantinfuenceoverthe
entity;
(c)subsidiaries;
(d)associates;
(e)jointventuresinwhichtheentityisaventurer;
(f) entity’sorparent’skeymanagementpersonnel;and
(g)otherrelatedparties.
24p20 IAS 24 para 20 contains examples of situations that may require
disclosure.
24p22 6. Wherenecessaryforanunderstandingoftheeffectsofrelated-
partytransactionsonthefnancialstatements,discloseitemsof
similarnatureseparately,ratherthaninaggregate.
24p21 7. Onlyprovidedisclosuresthatrelated-partytransactionswere
madeonanarm’slengthbasisifsuchtermscanbe
substantiated.
32p34 8. Separatelyprovidedisclosureswheretheentityre-acquiresits
ownequityinstrumentsfromrelatedparties,inaccordancewith
IAS24para22.
19p34B 9. Participationinadefnedbeneftplanthatsharesrisks
betweenvariousentitiesundercommoncontrol(forexample,
aparentanditssubsidiaries)isarelated-partytransactionfor
eachindividualgroupentity.Makethefollowingdisclosuresin
theseparateorindividualfnancialstatements:
(a)thecontractualagreementorstatedpolicyforchargingthe
netdefnedbeneftcostorthefactthatthereisnosuch
policy;
(b)thepolicyfordeterminingthecontributiontobepaidbythe
entity;
(c)iftheentityaccountsforanallocationofthenetdefned
beneftcostinaccordancewithIAS19para34A,allthe
informationabouttheplanasawholeinaccordancewith
IAS19paras120-121;and
Y-NA-NM
42
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A5
(d)iftheentityaccountsforthecontributionpayableforthe
periodinaccordancewithIAS19para34A,theinformation
abouttheplanasawholerequiredinaccordancewith
IAS19paras120A(b)-(e),(j),(n),(o),(q)and121.Theother
disclosuresrequiredbyIAS19para120Adonotapply.
22. Commitments
Disclose:
1. Theamountofcontractualcommitmentsfortheacquisitionof:
16p74(c) (a) property,plantandequipment;and
38p122(e) (b)intangibleassets.
40p75(h) 2. Contractual obligations:
(a)topurchase,constructordevelopinvestmentproperty;and
(b)forrepairs,maintenanceorenhancementsofinvestment
property.
Refer also to the commitments in respect of lease agreements in
Section A5.18 and commitments in respect of joint ventures in
Section A5.9.
23.Contingencies
37p86 1. Discloseforeachclassofcontingentliability,unlessthe
possibilityofanyoutfowinsettlementisremote:
(a)abriefdescriptionofthenatureofthecontingentliability;
(b)wherepracticable,disclosealso:
37p86(a) (i) anestimateofitsfnancialeffect,measuredunder
IAS37para36-52;
37p86(b) (ii) anindicationoftheuncertaintiesabouttheamountor
timingofanyoutfow;and
37p86(c) (iii)thepossibilityofanyreimbursement;and
37p91 (c)whereanyofthisinformationisnotdisclosedbecauseitis
notpracticabletodoso,disclosethatfact.
37p88 2. Whereaprovisionandacontingentliabilityarisefromthesame
setofcircumstances,showthelinkbetweentheprovisionand
the contingent liability.
37p89 3. Discloseforcontingentassets,whereaninfowofeconomic
beneftsisprobable:
(a)abriefdescriptionofthenatureofthecontingentasset;
(b)wherepracticable,anestimateoftheirfnancialeffect,
measuredunderIAS37para36-52;and
37p91 (c)wherethisinformationisnotdisclosedbecauseitisnot
practicabletodoso,disclosethatfact.
37p92 4. Inextremelyrarecases,disclosureofsomeorallofthe
informationrequiredbyIAS37paras86-89oncontingencies
(items1to3above)canbeexpectedtoseriouslyprejudicethe
positionoftheentityinadisputewithotherpartiesonthe
subjectmatterofthecontingentliabilityorcontingentasset.In
suchcases,theinformationneednotbedisclosedbutthe
followingmustbedisclosed:
(a)thegeneralnatureofthecontingencies;
(b)thefactthattherequiredinformationhasnotbeen
disclosed;and
(c)thereasonwhyithasnotbeendisclosed.
5. Disclose contingent liabilities arising from:
19p125 (a) post-employmentbeneftobligations;and
19p141 (b)terminationbenefts(forexample,duetotheuncertainty
overthenumberofemployeeswhowillacceptanofferof
terminationbenefts).
Refer also to section A5.17B para 18. Refer also to the
contingencies in respect of lease agreements in Section A5.18
and contingencies in respect of joint ventures in Section A5.9.
43
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A5
24.Eventsafterthereportingperiod
10p12 1. Disclosetheamountofdividendsproposedordeclaredbefore
1p125(a) thefnancialstatementswereauthorisedforissuebutnot
recognisedasadistributiontoequityholdersduringtheperiod,
and the related amount per share.
10p21 2. Whereeventsoccurringafterthebalancesheetdatedonot
affect the condition of assets or liabilities at the balance sheet
date(ie,non-adjusting)butareofsuchimportancethatnon-
disclosurewouldaffecttheabilityoftheusersofthefnancial
statementstomakeproperevaluationsanddecisions,disclose:
(a)thenatureoftheevent;and
(b) anestimateofthefnancialeffect,orastatementthatsuch
an estimate cannot be made.
Examples of non-adjusting events that would generally require
disclosure are provided in IAS 10 para 22.
IFRS 3p66(b) 3. Businesscombinations.Ifabusinesscombinationtakeseffect
afterthebalancesheetdateandbeforethefnancial
statementsareissued,makeallrelevantdisclosures(referto
SectionA7).Ifitisimpracticabletodiscloseanyofthis
information,disclosethisfactandanexplanationofwhythisis
the case.
33p64 4. Ifthenumberofordinaryorpotentialordinaryshares
outstandingincreasesasaresultofacapitalisation,bonus
issueorsharesplit,ordecreasesasaresultofareverseshare
split,adjustthecalculationofbasicanddilutedearningsper
shareforallperiodspresentedretrospectively.
If these changes occur after the balance sheet date but before
thefnancialstatementsareauthorisedforissue,basetheper
sharecalculationsforthoseandanyprior-periodfnancial
statementspresentedonthenewnumberofshares.
Disclosethefactthatper-sharecalculationsrefectsuch
changesinthenumberofshares.Inaddition,adjustbasicand
diluted earnings per share of all periods presented for the
effectsoferrorsandadjustmentsresultingfromchangesin
accountingpolicies,accountedforretrospectively.
33p70(d) 5. Provideadescriptionofordinarysharetransactionsorpotential
ordinarysharetransactions–otherthancapitalisation,bonus
issuesorsharesplits,forwhichthebasicanddilutedearnings
pershareareadjustedretrospectively–thatoccurafterthe
balancesheetdateandthatwouldhavechangedsignifcantly
the number of ordinary shares or potential ordinary shares
outstanding at the end of the period if those transactions had
occurred before the end of the reporting period.
Examples are provided in IAS 33 para 71.
12p81(i) 6. Disclosetheamountofincometaxconsequencesofdividends
thatwereproposedordeclaredafterthebalancesheetdatebut
beforethefnancialstatementswereauthorisedforissue.
12p82A 7. Ifincometaxesarepayableatahigherorlowerrateifpartorall
ofthenetproftorretainedearningsispaidoutasadividendto
shareholders,disclose:
(a)thenatureofthepotentialincometaxconsequencesthat
wouldresultfromthepaymentofdividends;and
(b)theamountsofthepotentialincometaxconsequences
practicallydeterminableandwhetherthereareanypotential
incometaxconsequencesnotpracticallydeterminable.
Y-NA-NM
44
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionsA5-A6
10p19 8. Ifanentityreceivesinformationafterthebalancesheetdate
aboutconditionsthatexistedatthebalancesheetdate,
update the disclosures that relate to those conditions in the
lightofthenewinformation.

A6 Statement of cash fows
1. General presentation
1. Classifycashfowsintothreeactivities:operating,investingand
fnancingactivities.
7p18 2. Disclosecashfowsfromoperatingactivitiesusingeither:
(a)thedirectmethod,disclosingmajorclassesofgrosscash
receiptsorpayments;or
(b)theindirectmethod,adjustingnetproftandlossforthe
effects of:
(i) anytransactionsofanon-cashnature;
(ii) anydeferralsoraccrualsofpastorfutureoperating
cashreceiptsorpayments;and
(iii)itemsofincomeorexpenseassociatedwithinvestingor
fnancingcashfows.
7p21 3. Forcashfowsfrominvestingandfnancingactivities,disclose
separatelymajorclassesofgrosscashreceiptsandgrosscash
payments(exceptasnotedinpara4below).Forexample,
proceedsfromnewborrowingshavetobedisplayedseparately
fromrepaymentsofborrowings.
7p22 4. Thefollowingcashfowsarisingfromtheoperating,investing
orfnancingactivitiesmaybereportedonanetbasis(IAS7
para23):
(a)cashreceiptsandpaymentsonbehalfofcustomerswhen
thecashfowsrefecttheactivitiesofthecustomerrather
thanthoseoftheentity;and
(b)cashreceiptsandpaymentsforitemsinwhichtheturnover
isquick,theamountsarelargeandthematuritiesareshort.
7p43 5. Fornon-cashtransactions,excludefromthecashfow
statementthoseinvestingandfnancingtransactionsthatdo
notrequiretheuseofcashandcashequivalents.Disclose
non-cashtransactionsseparatelyinthenotetothecashfow
statement.
7p44 Examplesofnon-cashtransactionsare:
(a)acquisitionofassetseitherbyassumingdirectlyrelated
liabilitiesorbymeansofafnancelease;
(b)acquisitionofanentitybymeansofanequityissue;and
(c)conversionofdebttoequity.
2. Individualitems
1. Forcashfowsarisingfromtaxesonincome:
7p35 (a)disclosetaxespaid;
7p36 (b)classifytaxespaidascashfowsfromoperatingactivities
unlessspecifcallyidentifedwithfnancingandinvesting
activities;and
(c)disclosethetotalamountoftaxespaidwhentaxcashfows
areallocatedovermorethanoneclassofactivity.
7p31 2. Forcashfowsfrominterestanddividends,disclose:
(a)interestreceived;
(b)interestpaid;
(c)dividendsreceived;and
(d)dividendspaid.
Classifyeachoftheaboveitemsinaconsistentmannerfrom
periodtoperiodaseitheroperating,investingorfnancing
activities.
45
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionsA6-A7
7p33 Interestpaidisnormallyclassifedaseitheroperatingor
fnancingactivities.
7p33 Interestanddividendsreceivedarenormallyclassifedaseither
operatingorinvestingactivities.
7p34 Dividendspaidarenormallyclassifedaseitherfnancingor
operatingactivities.
7p39 3. Aggregatecashfowsarisingfromthefollowingarepresented
separatelyandclassifedasinvestingactivities:
(a)acquisitions;and
(b)disposalsofsubsidiariesorotherbusinessunits.
Refer also to the disclosure requirements for acquisitions and
disposals in Section A7.
7p45 4. Forcashandcashequivalents,disclose:
(a)thecomponents;and
(b)reconciliationofamountsincashfowstatementwithcash
andcashequivalentsinthebalancesheet.
7p48 5. Disclosetheamountofsignifcantcashandcashequivalent
balancesheldbytheentitythatarenotavailableforusebythe
group,andprovideacommentarybymanagement.
IFRS5p33(c) 6. Discontinuedoperations.Disclosetheamountsofnetcash
fowsfrom:
(a)operatingactivities;
(b)investingactivities;and
(c)fnancingactivities.
Thesedisclosuresmaybepresentedeitherinthenotesto,or
onthefaceof,thefnancialstatements.
DV, 7p50 7. Voluntarydisclosures.Provideadditionalinformationrelevant
tounderstandingthefnancialpositionandliquidityofanentity,
and a commentary by management:
(a)theamountofundrawnborrowingfacilitiesavailablefor
futureoperatingactivitiesandtosettlecapital
commitments,indicatinganyrestrictionsastotheuseof
thesefacilities;
(b)theaggregateamountsofthecashfowsfromeachof
operating,investingandfnancingactivitiesrelatedto
interestsinjointventuresreportedusingproportionate
consolidation;
(c)theaggregateamountofcashfowsthatrepresent
increases in operating capacity separately from those cash
fowsthatarerequiredtomaintainoperatingcapacity;and
(d)theamountofcashfowsarisingfromtheoperating,
investingandfnancingactivitiesofeachreportedindustry
and geographical segment.
A7 Business combinations and disposals
1. Business combinations
IFRS3p67 1. For each business combination that took effect during the
reportingperiod,disclose:
(a)thenamesanddescriptionsofthecombiningentitiesor
businesses;
(b)theacquisitiondate;
(c)detailsofanyoperationsthattheentityhasdecidedto
disposeofasaresultofthecombination;
(d)thepercentageofvotingequityinstrumentsacquired;
(e)thecostofthecombinationandadescriptionofthe
componentsofthatcost,includinganycostsdirectly
attributabletothecombination.Whenequityinstruments
areissuedorissuableaspartofthecost,thefollowing
should also be disclosed:
Y-NA-NM
46
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A7
(i) thenumberofequityinstrumentsissuedorissuable;
and
(ii) thefairvalueofthoseinstrumentsandthebasis
fordeterminingthatfairvalue.Ifapublishedprice
does not exist for the instruments at the date of
exchange,thesignifcantassumptionsusedto
determinefairvalueshouldbedisclosed.Ifapublished
price exists at the date of exchange but has not been
used as the basis for determining the cost of the
combination,thatfactshouldbedisclosedtogether
with:
– thereasonswhythepublishedpricehasnotbeen
used;
– themethodandsignifcantassumptionsusedto
attributeavaluetotheequityinstruments;and
– theaggregateamountofthedifferencebetweenthe
valueattributedto,andthepublishedpriceof,
theequityinstruments;
(f) theamountsrecognisedattheacquisitiondateforeach
classoftheacquiree’sassets,liabilitiesandcontingent
liabilities,andthecarryingamountsofeachofthose
classes,determinedinaccordancewithIFRS,immediately
beforethecombination;
(g)theamountofanyexcessrecognisedinproftorlossin
accordancewithIFRS3para56andthelineiteminthe
incomestatementinwhichtheexcessisrecognised;
(h)adescriptionofthefactorsthatcontributedtoacostthat
resultsintherecognitionofgoodwill,includingadescription
ofeachintangibleassetthatwasnotrecognisedseparately
fromgoodwillandanexplanationofwhythefairvalueof
thisassetcouldnotbemeasuredreliably,oradescriptionof
thenatureofanyexcessrecognisedinproftorloss;and
(i) theamountoftheacquiree’sproftorlosssincethe
acquisitiondateincludedintheacquirer’sproftorlossfor
theperiod,unlessimpracticable.Ifsuchdisclosurewould
beimpracticable,thatfactshouldbedisclosed,together
withanexplanationofwhythisisthecase.
IFRS3p66(b) AllrelevantdisclosuresrequiredbyIFRS3shouldalsobemade
for business combinations after the balance sheet date and
beforethedateonwhichthefnancialstatementsareissued;if
itisimpracticabletodiscloseanyofthisinformation,disclose
thisfacttogetherwithanexplanationofwhythisisthecas
IFRS3p68 2. DisclosetheinformationrequiredunderIFRS3para67
(refertopara1above)inaggregateforbusinesscombinations
that took effect during the reporting period and that are
individuallyimmaterial.
7p40 3. Inrespectofacquisitionsofsubsidiariesorotherbusinessunits,
disclose in aggregate:
(a)thetotalpurchaseconsideration;
(b)theportionofthetotalpurchaseconsiderationdischarged
bymeansofcashandcashequivalents;
(c)theamountofcashandcashequivalentsinthesubsidiary
orbusinessunitacquired;and
(d)theamountoftheassetsandliabilitiesotherthancashor
cashequivalentsinthesubsidiaryorbusinessunitacquired,
summarisedbyeachmajorcategory.
IFRS3p69 4. Iftheinitialaccountingforabusinesscombinationthattook
effect during the reporting period has been determined only
provisionally,disclosethatfact,togetherwithanexplanationof
whythisisthecase,asdescribedinIFRS3para62.
5. Theacquirershouldalsodisclose:
IFRS3p70 (a)therevenueofthecombinedentityfortheperiodasif
theacquisitiondateforallbusinesscombinationsthattook
effect during the reporting period had been at the beginning
ofthatperiod;and
47
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionsA7-A8
(b)theproftorlossofthecombinedentityfortheperiodasif
theacquisitiondateforallbusinesscombinationsthattook
effect during the reporting period had been at the beginning
of that period.
Ifdisclosureofthisinformationwouldbeimpracticable,
disclosethatfact,togetherwithanexplanationofwhythisis
the case.
IFRS3p73 6. Theacquirershouldalsodisclosethefollowinginformation
relating to business combinations that took effect in the current
orpreviousperiods:
(a)theamountandanexplanationofanymaterialgainorloss
recognisedinthecurrentreportingperiod;
(b)theamountsandexplanationsoftheadjustmentstothe
provisionalvaluesrecognisedduringthecurrentreporting
period;and
(c)theinformationabouterrorcorrectionsthattheacquirer
recognisesduringthecurrentreportingperiod,asrequired
byIAS8.
2. Disposals
7p40 1. Inrespectofdisposalsofsubsidiariesorotherbusinessunits,
disclose in aggregate:
(a)thetotaldisposalconsideration;
(b) theportionofthetotaldisposalconsiderationdischargedby
meansofcashandcashequivalents;
(c)theamountofcashandcashequivalentsinthesubsidiary
orbusinessunitdisposedof;and
(d)theamountoftheassetsandliabilitiesotherthancashor
cashequivalentsinthesubsidiaryorbusinessunitdisposed
of,summarisedbyeachmajorcategory.

A8 Financial instruments
1. General disclosures
IFRS7p6 When IFRS 7 requires disclosures by class of fnancial instrument,
AppxB1-B3 group the fnancial instruments into classes that are appropriate to
the nature of the information disclosed. Take into account the
characteristics of those fnancial instruments. Provide suffcient
information to permit reconciliation to the line items presented in the
balance sheet.
IFRs7p7 Discloseinformationthatenablesusersofthefnancial
statementstoevaluatethesignifcanceoffnancialinstruments
forfnancialpositionandperformance
2. Categoriesoffnancialassetsandfnancialliabilities
IFRS7p8 Disclose either on the face of the balance sheet or in the notes
thecarryingamountsofeachofthefollowingcategories,as
defnedinIAS39:
(a) fnancialassetsatfairvaluethroughproftorloss,showing
separately:
(i) thosedesignatedassuchuponinitialrecognition;and
(ii) thoseclassifedasheldfortradinginaccordancewith
IAS39;
(b) held-to-maturityinvestments;
(c) loansandreceivables;
(d) available-for-salefnancialassets;
(e) fnancialliabilitiesatfairvaluethroughproftorloss,
showingseparately:
(i) thosedesignatedassuchuponinitialrecognition;and
(ii) thoseclassifedasheldfortradinginaccordancewith
IAS39;and
(f) fnancialliabilitiesmeasuredatamortisedcost.
Y-NA-NM
48
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionA8
3. Financialassetsorfnancialliabilitiesatfairvaluethrough
proftorloss
IFRS7p9 1. Ifaloanorreceivable(orgroupofloansorreceivables)is
designatedasatfairvaluethroughproftorloss,disclose:
(a) themaximumexposuretocreditrisk(seeIFRS7p36(a))of
theloanorreceivable(orgroupofloansorreceivables)at
thereportingdate;
(b) theamountbywhichanyrelatedcreditderivativesorsimilar
instrumentsmitigatethatmaximumexposuretocreditrisk;
(c) theamountofchange,duringtheperiodandcumulatively,
inthefairvalueoftheloanorreceivable(orgroupofloans
orreceivables)thatisattributabletochangesinthecredit
riskofthefnancialassetdeterminedeither:
(i) astheamountofchangeinitsfairvaluethatisnot
attributabletochangesinmarketconditionsthatgive
risetomarketrisk;or
(ii) usinganalternativemethodthattheentitybelieves
more faithfully represents the amount of change in its
fairvaluethatisattributabletochangesinthecreditrisk
oftheasset.Changesinmarketconditionsthatgiveriseto
marketriskincludechangesinanobserved(benchmark)
interestrate,commodityprice,foreignexchangerateor
indexofpricesorrates;and
(d) theamountofthechangeinthefairvalueofanyrelated
creditderivativesorsimilarinstrumentsthathasoccurred
duringtheperiodandcumulativelysincetheloanor
receivablewasdesignated.
IFRS7p10 2. Iftheentityhasdesignatedafnancialliabilityasatfairvalue
throughproftorlossinaccordancewithIAS39para9,
disclose:
(a) theamountofchange,duringtheperiodandcumulatively,
inthefairvalueofthefnancialliabilitythatisattributableto
changes in the credit risk of that liability determined either:
(i) astheamountofchangeinitsfairvaluethatisnot
attributabletochangesinmarketconditionsthatgive
risetomarketrisk(seeIFRS7AppendixB4);or
(ii) usinganalternativemethodthattheentitybelievesmore
faithfully represents the amount of change in its fair
valuethatisattributabletochangesinthecreditriskof
the liability. Changes in market conditions that give rise
to market risk include changes in a benchmark interest
rate, the price of another entity’s fnancial instrument, a
commodity price,a foreign exchange rate or an index of
prices or rates. For contracts that include a unit-linking
feature, changes in market conditions include changes
in the performance of the related internal or external
investment fund; and
(b) thedifferencebetweenthefnancialliability’scarrying
amountandtheamounttheentitywouldbecontractually
requiredtopayatmaturitytotheholderoftheobligation
IFRS7p11 3. Disclose:
AppxB4 (a) themethodsusedtocomplywiththerequirementsinIFRS7
para9(c)andIFRS7para10(a);and
(b) iftheentitybelievesthatthedisclosureithasgivento
complywiththerequirementsinIFRS7para9(c)and
IFRS7para10(a)doesnotfaithfullyrepresentthechangein
thefairvalueofthefnancialassetorfnancialliability
attributabletochangesinitscreditrisk,thereasonsfor
reachingthisconclusionandthefactorsitbelievesare
relevant.
49
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionA8
4. Reclassifcation
IFRS7p12 1. Iftheentityhasreclassifedafnancialasset(inaccordancewith
paragraphsIAS39paras51-54)asonemeasured:
(a) atcostoramortisedcost,ratherthanatfairvalue;or
(b) atfairvalue,ratherthanatcostoramortisedcost,
disclosetheamountreclassifedintoandoutofeachcategory
andthereasonforthatreclassifcation
An amendment to IAS 39, issued in October 2008, permits an
entity to reclassify non-derivative fnancial assets (other than
those designated at fair value through proft or loss by the entity
upon initial recognition) out of the fair value through proft
or loss category in particular circumstances. The amendment
also permits an entity to transfer from the available-for-sale
category to the loans and receivables category a fnancial asset
that would have met the defnition of loans and receivables (if
the fnancial asset had not been designated as available for
sale), if the entity has the intention and ability to hold that
fnancial asset for the foreseeable future.
IFRS7p12A 2. Iftheentityhasreclassifedafnancialassetoutofthefairvalue
throughproftorlosscategoryinaccordancewithIAS39
paras50Bor50Doroutoftheavailable-for-salecategoryin
accordancewithparagraph50EofIAS39,disclose:
(a) theamountreclassifedintoandoutofeachcategory;
(b) foreachreportingperioduntilderecognition,thecarrying
amountsandfairvaluesofallfnancialassetsthathave
beenreclassifedinthecurrentandpreviousreporting
periods;
(c) ifafnancialassetwasreclassifedinaccordancewith
paragraph50B,theraresituation,andthefactsand
circumstancesindicatingthatthesituationwasrare;
(d) forthereportingperiodwhenthefnancialassetwas
reclassifed,thefairvaluegainorlossonthefnancialasset
recognisedinproftorlossorothercomprehensiveincome
inthatreportingperiodandinthepreviousreportingperiod;
(e) foreachreportingperiodfollowingthereclassifcation
(includingthereportingperiodinwhichthefnancialasset
wasreclassifed)untilderecognitionofthefnancialasset,
thefairvaluegainorlossthatwouldhavebeenrecognised
inproftorlossorothercomprehensiveincomeifthe
fnancialassethadnotbeenreclassifed,andthegain,loss,
incomeandexpenserecognisedinproftorloss;and
(f) theeffectiveinterestrateandestimatedamountsofcash
fowstheentityexpectstorecover,asatthedateof
reclassifcationofthefnancialasset.
5. Derecognition
IFRS7p13 Iffnancialassetshavebeentransferredinsuchawaythat
partorallofthefnancialassetsdonotqualifyforderecognition
(seeIAS39paras15-37),discloseforeachclassofsuch
fnancialassets:
(a) thenatureoftheassets;
(b) thenatureoftherisksandrewardsofownershiptowhich
theentityremainsexposed;
(c) whentheentitycontinuestorecognisealloftheassets,the
carrying amounts of the assets and of the associated
liabilities;and
(d) whentheentitycontinuestorecognisetheassetstothe
extentofitscontinuinginvolvement,thetotalcarrying
amountoftheoriginalassets,theamountoftheassetsthat
theentitycontinuestorecognise,andthecarryingamount
of the associated liabilities.
Y-NA-NM
50
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionA8
6. Collateral
IFRS7p14 1. Disclose:
(a) thecarryingamountoffnancialassetsthattheentityhas
pledgedascollateralforliabilitiesorcontingentliabilities,
includingamountsthathavebeenreclassifedin
accordancewithIAS39para37(a);and
(b) thetermsandconditionsrelatingtoitspledge.
IFRS7p15 2. Whentheentityholdscollateral(offnancialornon-fnancial
assets)andispermittedtosellorrepledgethecollateralinthe
absenceofdefaultbytheownerofthecollateral,disclose:
(a) thefairvalueofthecollateralheld;
(b) thefairvalueofanysuchcollateralsoldorrepledged,and
whethertheentityhasanobligationtoreturnit;and
(c)thetermsandconditionsassociatedwithitsuseofthe
collateral.
7. Allowanceaccountforcreditlosses
IFRS7p16 Whenfnancialassetsareimpairedbycreditlossesandthe
AppxB1-B2, entityrecordstheimpairmentinaseparateaccount(for
B5(d) example,anallowanceaccountusedtorecordindividual
impairmentsorasimilaraccountusedtorecordacollective
impairmentofassets)ratherthandirectlyreducingthecarrying
amountoftheasset,discloseareconciliationofchangesinthat
accountduringtheperiodforeachclassoffnancialassets.
8. Compoundfnancialinstrumentswithmultipleembedded
derivatives
IFRS7p17 If the entity has issued an instrument that contains both a
liabilityandanequitycomponent(IAS32para28)and
theinstrumenthasmultipleembeddedderivativeswhose
valuesareinterdependent(suchasacallableconvertibledebt
instrument),disclosetheexistenceofthosefeatures.
9. Defaults and breaches
IFRS7p18 1. Forloanspayablerecognisedatthereportingdate,disclose:
(a) detailsofanydefaultsduringtheperiodofprincipal,
interest,sinkingfundorredemptiontermsofthoseloans
payable;
(b) thecarryingamountoftheloanspayableindefaultatthe
reportingdate;and
(c) whetherthedefaultwasremedied,orthetermsoftheloans
payablewererenegotiated,beforethefnancialstatements
wereauthorisedforissue.
IFRS7p19 2. Ifduringtheperiodtherewerebreachesofloanagreement
termsotherthanthosedescribedinIFRS7para18,disclose
thesameinformationasrequiredbyIFRS7para18ifthose
breaches permitted the lender to demand accelerated
repayment(unlessthebreacheswereremedied,orthetermsof
theloanwererenegotiated,onorbeforethereportingdate).
10.Itemsofincome,expense,gainsorlosses
IFRS7p20 Disclosethefollowingitemsofincome,expense,gainsor
AppxB1-B3, losseseitheronthefaceofthefnancialstatementsorinthe
B5(d) notes:
(a) netgainsornetlosseson:
(i) fnancialassetsorfnancialliabilitiesatfairvaluethrough
proftorloss,showingseparatelythoseonfnancial
assetsorfnancialliabilitiesdesignatedassuchupon
initialrecognition,andthoseonfnancialassetsor
51
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionA8
fnancialliabilitiesthatareclassifedasheldfortrading
inaccordancewithIAS39;
(ii) available-for-salefnancialassets,showingseparately
theamountofgainorlossrecogniseddirectlyinequity
duringtheperiodandtheamountremovedfromequity
andrecognisedinproftorlossfortheperiod;
(iii) held-to-maturityinvestments;
(iv) loansandreceivables;and
(v) fnancialliabilitiesmeasuredatamortisedcost;
(b) totalinterestincomeandtotalinterestexpense(calculated
usingtheeffectiveinterestmethod)forfnancialassetsor
fnancialliabilitiesthatarenotatfairvaluethroughproftor
loss;
(c) feeincomeandexpense(otherthanamountsincludedin
determiningtheeffectiveinterestrate)arisingfrom:
(i) fnancialassetsorfnancialliabilitiesthatarenotatfair
valuethroughproftorloss;and
(ii) trustandotherfduciaryactivitiesthatresultinthe
holdingorinvestingofassetsonbehalfofindividuals,
trusts,retirementbeneftplansandotherinstitutions;
(d) interestincomeonimpairedfnancialassetsaccruedin
accordancewithIAS39AG93;and
(e) theamountofanyimpairmentlossforeachclassof
fnancialasset.
11. Other disclosures
(a)Accountingpolicies

IFRS7p21 1. Discloseinthesummaryofsignifcantaccountingpoliciesthe
1p117 measurementbasis(orbases)usedinpreparingthefnancial
statements and the other accounting policies used that are
relevanttoanunderstandingofthefnancialstatements.
IFRS7 DisclosurerequiredbyIFRS7para21mayinclude:
AppxB5 (a) forfnancialassetsorfnancialliabilitiesdesignatedasatfair
valuethroughproftorloss:
(i) thenatureofthefnancialassetsorfnancialliabilities
theentityhasdesignatedasatfairvaluethroughproft
orloss;
(ii) thecriteriafordesignatingsuchfnancialassetsor
fnancialliabilitiesoninitialrecognition;and
(iii) howtheentityhassatisfedtheconditionsinIAS39
para9,IAS39para11AorIAS39para12forsuch
designation. For instruments designated in accordance
withIAS39para9(b)(i)ofthedefnitionofafnancial
assetorfnancialliabilityatfairvaluethroughproft
orloss,includeanarrativedescriptionofthe
circumstances underlying the measurement or
recognitioninconsistencythatwouldotherwisearise.
ForinstrumentsdesignatedinaccordancewithIAS39
para9(b)(ii)ofthedefnitionofafnancialassetor
fnancialliabilityatfairvaluethroughproftorloss,
includeanarrativedescriptionofhowdesignationatfair
valuethroughproftorlossisconsistentwiththeentity’s
documentedriskmanagementorinvestmentstrategy;
(b) thecriteriafordesignatingfnancialassetsasavailable
forsale;
(c) whetherregularwaypurchasesandsalesoffnancialassets
areaccountedforattradedateoratsettlementdate(see
IAS39para38);
(d) whenanallowanceaccountisusedtoreducethecarrying
amountoffnancialassetsimpairedbycreditlosses:
(i) thecriteriafordeterminingwhenthecarryingamountof
impairedfnancialassetsisreduceddirectly(or,inthe
caseofareversalofawrite-down,increaseddirectly)
andwhentheallowanceaccountisused;and
Y-NA-NM
52
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionA8
(ii) thecriteriaforwritingoffamountschargedtothe
allowanceaccountagainstthecarryingamountof
impairedfnancialassets(seeIFRS7para16);
(e) hownetgainsornetlossesoneachcategoryoffnancial
instrumentaredetermined(seeIFRS7para20(a)),for
example,whetherthenetgainsornetlossesonitemsatfair
valuethroughproftorlossincludeinterestordividend
income;
(f) thecriteriatheentityusestodeterminethatthereis
objectiveevidencethatanimpairmentlosshasoccurred
(seeIFRS7para20(e));and
(g) whenthetermsoffnancialassetsthatwouldotherwisebe
pastdueorimpairedhavebeenrenegotiated,the
accountingpolicyforfnancialassetsthatarethesubjectof
renegotiatedterms(seeIFRS7para36(d)).
2. Disclose,inthesummaryofsignifcantaccountingpoliciesor
othernotes,thejudgements,apartfromthoseinvolving
estimations,thatmanagementhasmadeintheprocessof
applyingtheentity’saccountingpoliciesandthathavethe
mostsignifcanteffectontheamountsrecognisedinthe
fnancialstatements(seeIAS1para122).
(b) Hedgeaccounting
IFRS7p22 1. Disclosethefollowingseparatelyforeachtypeofhedge
describedinIAS39(ie,fairvaluehedges,cashfowhedgesand
hedgesofnetinvestmentsinforeignoperations):
(a) adescriptionofeachtypeofhedge;
(b) adescriptionofthefnancialinstrumentsdesignatedas
hedginginstrumentsandtheirfairvaluesatthereporting
date;and
(c) thenatureoftherisksbeinghedged.
IFRS7p23 2. Forcashfowhedges,disclose:
(a) theperiodswhenthecashfowsareexpectedtooccurand
whentheyareexpectedtoaffectproftorloss;
(b) adescriptionofanyforecasttransactionforwhichhedge
accountinghadpreviouslybeenused,butwhichisno
longerexpectedtooccur;
(c) theamountthatwasrecognisedinequityduringtheperiod;
(d) theamountthatwasremovedfromequityandincludedin
proftorlossfortheperiod,showingtheamountincludedin
eachlineitemintheincomestatement;and
(e) theamountthatwasremovedfromequityduringtheperiod
and included in the initial cost or other carrying amount of a
non-fnancialassetornon-fnancialliabilitywhose
acquisitionorincurrencewasahedgedhighlyprobable
forecast transaction.
IFRS7p24 3. Discloseseparately:
(a) infairvaluehedges,gainsorlosses:
(i) onthehedginginstrument;and
(ii) onthehedgeditemattributabletothehedgedrisk;
(b) theineffectivenessrecognisedinproftorlossthatarises
fromcashfowhedges;and
(c) theineffectivenessrecognisedinproftorlossthatarises
fromhedgesofnetinvestmentsinforeignoperations.
IFRIC16p17 4. Ifthestep-by-stepmethodofconsolidationisused,disclose
whethertheentityhaschosentoadjusttheamounts
reclassifedtoproftorlossonadisposal(orpartialdisposal)
of a foreign operation to the amount that arises under the
direct method.
53
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionA8
(c) Fairvalue
IFRS7p25 1. ExceptassetoutinIFRS7para29,foreachclassoffnancial
AppxB1-B3 assetsandfnancialliabilities(seeIFRS7para6),disclosethe
fairvalueofthatclassofassetsandliabilitiesinawaythat
permitsittobecomparedwithitscarryingamount.
IFRS7p26 Indisclosingfairvalues,groupfnancialassetsandfnancial
AppxB1-B3 liabilitiesintoclasses,butoffsetthemonlytotheextentthat
theircarryingamountsareoffsetinthestatementoffnancial
position.
IFRS7p27 2. Discloseforeachclassoffnancialinstrumentthemethods
Appx B1-B3 and,whenavaluationtechniqueisused,theassumptions
appliedindeterminingfairvaluesofeachclassoffnancial
assetsorfnancialliabilities.Forexample,ifapplicable,an
entity discloses information about the assumptions relating
toprepaymentrates,ratesofestimatedcreditlosses,and
interest rates or discount rates. If there has been a change in
valuationtechnique,disclosethatchangeandthereasonsfor
making it.
IFRS7p27A 3. Tomakethedisclosuresrequiredbyparagraph27B,classify
fairvaluemeasurementsusingafairvaluehierarchythatrefects
thesignifcanceoftheinputsusedinmakingthe
measurements.
Thefairvaluehierarchyhasthefollowinglevels:
(a) quotedprices(unadjusted)inactivemarketsforidentical
assetsorliabilities(Level1);
(b) inputsotherthanquotedpricesincludedwithinLevel1that
areobservablefortheassetorliability,eitherdirectly(thatis,
asprices)orindirectly(thatis,derivedfromprices)(Level2);
and
(c) inputsfortheassetorliabilitythatarenotbasedon
observablemarketdata(unobservableinputs)(Level3).
Thelevelinthefairvaluehierarchywithinwhichthefairvalue
measurement is categorised in its entirety is determined on the
basisofthelowestlevelinputthatissignifcanttothefairvalue
measurementinitsentirety.Thesignifcanceofaninput
isassessedagainstthefairvaluemeasurementinitsentirety.
Ifafairvaluemeasurementusesobservableinputsthatrequire
signifcantadjustmentbasedonunobservableinputs,that
measurementisaLevel3measurement.Assessingthe
signifcanceofaparticularinputtothefairvaluemeasurement
initsentiretyrequiresjudgement,consideringfactorsspecifcto
the asset or liability.
IFRS7p27B 4. Forfairvaluemeasurementsrecognisedinthestatementof
fnancialposition,discloseforeachclassoffnancial
instrument:
(a) thelevelinthefairvaluehierarchyintowhichthefair
valuemeasurementsarecategorisedintheirentirety,
segregatingfairvaluemeasurementsinaccordancewiththe
levelsdefnedinIFRS7para27A.
(b)anysignifcanttransfersbetweenLevel1andLevel2ofthe
fairvaluehierarchyandthereasonsforthosetransfers.
Transfersintoeachlevelaredisclosedanddiscussed
separatelyfromtransfersoutofeachlevel.Forthispurpose,
signifcanceisjudgedwithrespecttoproftorloss,andtotal
assetsortotalliabilities;
(c)forfairvaluemeasurementsinLevel3ofthefairvalue
hierarchy,areconciliationfromthebeginningbalances
totheendingbalances,disclosingseparatelychanges
duringtheperiodattributabletothefollowing:
(i) totalgainsorlossesfortheperiodrecognisedinproft
orloss,andadescriptionofwheretheyarepresentedin
thestatementofcomprehensiveincomeortheseparate
incomestatement(ifpresented);
Y-NA-NM
54
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionA8
(ii) totalgainsorlossesrecognisedinothercomprehensive
income;
(iii) purchases,sales,issuesandsettlements(eachtypeof
movementdisclosed(a)separately);and
(iv) transfersintooroutofLevel3(forexample,transfers
attributabletochangesintheobservabilityofmarket
data)andthereasonsforthosetransfers.Forsignifcant
transfers,transfersintoLevel3aredisclosedand
discussedseparatelyfromtransfersoutofLevel3;
(d)theamountoftotalgainsorlossesfortheperiodin(c)(i)
includedinproftorlossthatareattributabletogainsor
losses relating to those assets and liabilities held at the end
ofthereportingperiodandadescriptionofwherethose
gains or losses are presented in the statement of
comprehensiveincomeortheseparateincomestatement(if
presented);and
(e) forfairvaluemeasurementsinLevel3,ifchangingoneor
moreoftheinputstoreasonablypossiblealternative
assumptionswouldchangefairvaluesignifcantly,thenthe
entity states that fact and discloses the effect of those
changes.Theentitydiscloseshowtheeffectofachangeto
areasonablypossiblealternativeassumptionwas
calculated.Forthispurpose,signifcanceisjudgedwith
respecttoproftorloss,andtotalassetsortotalliabilities,
or,whenchangesinfairvaluearerecognisedinother
comprehensiveincome,totalequity.
DisclosethequantitativedisclosuresinIFRS7para27Bin
tabular format unless another format is more appropriate.
IFRS7p28 5. Ifthemarketforafnancialinstrumentisnotactive,itsfairvalue
isestablishedusingavaluationtechnique(seeIAS39
AG74-79).Thebestevidenceoffairvalueatinitialrecognition
isthetransactionprice(ie,thefairvalueoftheconsideration
givenorreceived),unlessconditionsdescribedinIAS39AG76
aremet.Therecouldbeadifferencebetweenthefairvalue
atinitialrecognitionandtheamountthatwouldbedetermined
atthatdateusingthevaluationtechnique.Ifsuchadifference
exists,disclose,byclassoffnancialinstrument:
(a) theaccountingpolicyforrecognisingthatdifferenceinproft
orlosstorefectachangeinfactors(includingtime)that
marketparticipantswouldconsiderinsettingaprice(see
IAS39AG76A);and
(b) theaggregatedifferenceyettoberecognisedinproftor
loss at the beginning and end of the period and a
reconciliation of changes in the balance of this difference.
IFRS7p29 6. Disclosuresoffairvaluearenotrequired:
(a) whenthecarryingamountisareasonableapproximationof
fairvalue(forexample,forfnancialinstrumentssuchas
short-termtradereceivablesandpayables);
(b) foraninvestmentinequityinstrumentsthatdonothavea
quotedmarketpriceinanactivemarket,orderivatives
linkedtosuchequityinstruments,thatismeasuredatcost
inaccordancewithIAS39becauseitsfairvaluecannotbe
measuredreliably;or
(c) foracontractcontainingadiscretionaryparticipationfeature
(asdescribedinIFRS4)ifthefairvalueofthatfeature
cannot be measured reliably.
IFRS7p30 7. InthecasesdescribedinIFRS7para29(b)and(c),disclose
informationtohelpusersofthefnancialstatementsmaketheir
ownjudgementsabouttheextentofpossibledifferences
betweenthecarryingamountofthosefnancialassetsor
fnancialliabilitiesandtheirfairvalue,including:
(a) thefactthatfairvalueinformationhasnotbeendisclosed
fortheseinstrumentsbecausetheirfairvaluecannotbe
measuredreliably;
(b) adescriptionofthefnancialinstruments,theircarrying
55
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionA8
amount,andanexplanationofwhyfairvaluecannotbe
measuredreliably;
(c) informationaboutthemarketfortheinstruments;
(d) informationaboutwhetherandhowtheentityintendsto
disposeofthefnancialinstruments;and
(e) iffnancialinstrumentswhosefairvaluepreviouslycouldnot
bereliablymeasuredarederecognised,thatfact,their
carryingamountatthetimeofderecognition,andthe
amount of gain or loss recognised.

12.Natureandextentofrisksarisingfromfnancialinstruments
IFRS7p31 Discloseinformationthatenablesusersofthefnancial
statementstoevaluatethenatureandextentofrisksarising
fromfnancialinstrumentstowhichtheentityisexposedatthe
reporting date.
IFRS7 The disclosures required by IFRS 7 paras 31-42 should either
AppdxB6 be given in the fnancial statements or incorporated by cross-
reference from the fnancial statements to some other
statement, such as a management commentary or risk report,
that is available to users of the fnancial statements on the
same terms as the fnancial statements and at the same time.
Without the information incorporated by cross-reference, the
fnancial statements are incomplete.
IFRS7p32 ThedisclosuresrequiredbyIFRS7para33-42focusonthe
risksthatarisefromfnancialinstrumentsandhowtheyhave
beenmanaged.Theseriskstypicallyinclude,butarenotlimited
to,creditrisk,liquidityriskandmarketrisk.
13.Qualitativedisclosures

IFRS7p33 Foreachtypeofriskarisingfromfnancialinstruments,
disclose:
(a) theexposurestoriskandhowtheyarise;
(b) objectives,policiesandprocessesformanagingtherisk
andthemethodsusedtomeasuretherisk;and
(c) anychangesin(a)or(b)fromthepreviousperiod.
14.Quantitativedisclosures
IFRS7p34 1. Foreachtypeofriskarisingfromfnancialinstruments,
AppdxB7, disclose:
B10A (a) summaryquantitativedataaboutexposuretothatriskatthe
reporting date. This disclosure should be based on the
informationprovidedinternallytokeymanagement
personneloftheentity(asdefnedinIAS24),forexample
theentity’sboardofdirectorsorchiefexecutiveoffcer;
(b) thedisclosuresrequiredbyIFRS7para36-42,totheextent
notprovidedin(a),unlesstheriskisnotmaterial(seeIAS1
paras29-31foradiscussionofmateriality);and
(c) concentrationsofriskifnotapparentfrom(a)and(b).
IFRS7 IFRS7para34(c)requiresdisclosuresaboutconcentrationsof
AppdxB8 risk.Concentrationsofriskarisefromfnancialinstrumentsthat
havesimilarcharacteristicsandareaffectedsimilarlyby
changesineconomicorotherconditions.Theidentifcation
ofconcentrationsofriskrequiresjudgement,takinginto
account the circumstances of the entity. Include in the
disclosure of concentrations of risk:
(a) adescriptionofhowmanagementdetermines
concentrations;
(b) adescriptionofthesharedcharacteristicthatidentifes
eachconcentration(forexample,counterparty,geographical
area,currencyormarket);and
(c) theamountoftheriskexposureassociatedwithallfnancial
instruments sharing that characteristic.
Y-NA-NM
56
REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionA8
IFRS7p35 2. Ifthequantitativedatadisclosedasatthereportingdateis
unrepresentativeoftheentity’sexposuretoriskduringthe
period,providefurtherinformationthatisrepresentative.
(a) Creditrisk
IFRS7p36 Disclosebyclassoffnancialinstrument:
AppdxB9-10 (a) theamountthatbestrepresentstheentity’smaximum
exposuretocreditriskatthereportingdatewithouttaking
account of any collateral held or other credit enhancements
(forexample,nettingagreementsthatdonotqualifyfor
offsetinaccordancewithIAS32);
(b) inrespectoftheamountdisclosedin(a),adescriptionof
collateralheldassecurityandothercreditenhancements;
(c) informationaboutthecreditqualityoffnancialassetsthat
areneitherpastduenorimpaired;and
(d) thecarryingamountoffnancialassetsthatwould
otherwisebepastdueorimpairedwhosetermshavebeen
renegotiated.
Financial assets that are either past due or impaired
IFRS7p37 Disclosebyclassoffnancialasset:
(a) ananalysisoftheageoffnancialassetsthatarepastdue
asatthereportingdatebutnotimpaired;
(b) ananalysisoffnancialassetsthatareindividually
determinedtobeimpairedasatthereportingdate,
including the factors the entity considered in determining
thattheyareimpaired;and
(c) fortheamountsdisclosedin(a)and(b),adescriptionof
collateral held by the entity as security and other credit
enhancementsand,unlessimpracticable,anestimateof
theirfairvalue.
Collateral and other credit enhancements obtained
IFRS7p38 1. Whenanentityobtainsfnancialornon-fnancialassetsduring
the period by taking possession of collateral it holds as security
orcallingonothercreditenhancements(forexample,
guarantees),andsuchassetsmeettherecognitioncriteriain
otherstandards,disclose:
(a) thenatureandcarryingamountoftheassetsobtained;and
(b) whentheassetsarenotreadilyconvertibleintocash,the
policies for disposing of such assets or for using them in its
operations.
(b)Liquidityrisk
IFRS7p39 Disclose:
AppdxB10A (a) amaturityanalysisfornon-derivativefnancialliabilities
-B11A, (includingissuedfnancialguaranteecontracts)thatshowsthe
B11C, remainingcontractualmaturities;
B11D, (b)amaturityanalysisforderivativefnancialliabilities.Thematurity
B11E and analysis should include the remaining contractual maturities that
B11F are essential for an understanding of the timing of the cash
fows;and
(c) adescriptionofhowtheliquidityriskinherentin(a)and(b).
IFRS7 In preparing the contractual maturity analysis for fnancial liabilities
AppdxB11 required by IFRS 7 para 39(a) and (b), use judgement to determine
an appropriate number of time bands. For example, an entity might
determine that the following time bands are appropriate:
(a) no later than one month;
(b) later than one month and no later than three months;
(c) later than three months and no later than one year; and
(d) later than one year and no later than fve years.
57
(c) Marketrisk
Sensitivity analysis
IFRS7p40 UnlessanentitycomplieswithIFRS7para41,disclose:
AppdxB17- (a) asensitivityanalysisforeachtypeofmarketrisktowhichthe
B19 and entityisexposedattheendofthereportingperiod,showing
B21-B28 howproftorlossandequitywouldhavebeenaffectedby
changesintherelevantriskvariablethatwerereasonably
possibleatthatdate;
(b) themethodsandassumptionsusedinpreparingthesensitivity
analysis;and
(c) changesfromthepreviousperiodinthemethodsand
assumptionsused,andthereasonsforsuchchanges.
IFRS7p41 Iftheentitypreparesasensitivityanalysis,suchasvalueatrisk,
AppdxB20 thatrefectsinterdependenciesbetweenriskvariables(forexample,
interestratesandexchangerates)andusesittomanagefnancial
risks,itmayusethatsensitivityanalysisinplaceoftheanalysis
specifedinIFRS7para40.Alsodisclose:
(a) anexplanationofthemethodusedinpreparingsucha
sensitivityanalysis,andofthemainparametersand
assumptionsunderlyingthedataprovided;and
(b) anexplanationoftheobjectiveofthemethodusedandof
limitationsthatmayresultintheinformationnotfullyrefecting
thefairvalueoftheassetsandliabilitiesinvolved.
IFRS7p42 Other market risk disclosures
WhenthesensitivityanalysesdisclosedinaccordancewithIFRS7
para40orIFRS7para41areunrepresentativeofariskinherent
inafnancialinstrument(forexample,becausetheyear-end
exposuredoesnotrefecttheexposureduringtheyear),disclose
thatfactandthereasonthesensitivityanalysesare
unrepresentative.
IFRIC2p13 When a change in the redemption prohibition leads to a transfer
betweenfnancialliabilitiesandequity,discloseseparatelythe
amount,timingandreasonforthattransfer.
15. Capital disclosures
1p134,135 1. Discloseinformationthatenablesusersofitsfnancial
statementstoevaluateitsobjectives,policiesandprocessesfor
managing capital.
1p135 2. Tocomplywithparagraph134,disclosethefollowing:
(a) qualitativeinformationaboutitsobjectives,policiesand
processesformanagingcapital,including(butnotlimited
to):
(i) adescriptionofwhatitmanagesascapital;
(ii) whenanentityissubjecttoexternallyimposedcapital
requirements,thenatureofthoserequirementsand
howthoserequirementsareincorporatedintothe
managementofcapital;and
(iii) howitismeetingitsobjectivesformanagingcapital;
(b) summaryquantitativedataaboutwhatitmanagesas
capital.Someentitiesregardsomefnancialliabilities
(forexample,someformsofsubordinateddebt)aspartof
capital. Other entities regard capital as excluding some
componentsofequity(forexample,componentsarising
fromcashfowhedges);
(c) anychangesin(a)and(b)fromthepreviousperiod;
(d) whetherduringtheperioditcompliedwithanyexternally
imposedcapitalrequirementstowhichitissubject;and
(e) whentheentityhasnotcompliedwithsuchexternally
imposedcapitalrequirements,theconsequencesofsuch
non-compliance.
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Y-NA-NM REF
Disclosurechecklist2009–SectionA8
58
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosurechecklist2009–SectionA8
Basethesedisclosuresontheinformationprovidedinternallyto
theentity’skeymanagementpersonnel.
1p136 An entity may manage capital in a number of ways and
be subject to a number of different capital requirements.
For example, a conglomerate may include entities that
undertake insurance activities and banking activities, and those
entities may also operate in several jurisdictions. When an
aggregate disclosure of capital requirements and how capital is
managed would not provide useful information or distorts
a fnancial statement user’s understanding of an entity’s capital
resources, the entity should disclose separate information for
each capital requirement to which the entity is subject.
1p80A(a) 5. Ifanentityhasreclassifedaputtablefnancialinstrument
classifedasanequityinstrumentbetweenfnancialliabilities
andequity,disclose:
(a) theamountreclassifedintoandoutofeachcategory
(fnancialliabilitiesorequity);and
(b) thetimingandreasonforthatreclassifcation.
1p136A 6. Discloseforputtablefnancialinstrumentsclassifedasequity
instruments(totheextentnotdisclosedelsewhere):
1p136A(a) (a) summaryquantitativedataabouttheamountclassifedas
equity;
1p136A(b) (b) itsobjectives,policiesandprocessesformanagingits
obligationtorepurchaseorredeemtheinstrumentswhen
requiredtodosobytheinstrumentholders,includingany
changesfromthepreviousperiod;
1p136A(c) (c) theexpectedcashoutfowonredemptionorrepurchaseof
thatclassoffnancialinstruments;and
1p136A(d) (d) informationabouthowtheexpectedcashoutfowon
redemptionorrepurchasewasdetermined.
1p136A(b) 7. Ifanentityhasreclassifedaninstrumentthatimposesonthe
entityanobligationtodelivertoanotherpartyaprorata
shareofthenetassetsoftheentityonlyonliquidationandis
classifedasanequityinstrumentbetweenfnancialliabilities
andequity,disclose:
(a) theamountreclassifedintoandoutofeachcategory
(fnancialliabilitiesorequity);and
(b) thetimingandreasonforthatreclassifcation.
1p136A(a),(b) 8. Discloseinrelationtodividends:
(a) theamountofdividendsproposedordeclaredbefore
thefnancialstatementswereauthorisedforissuebutnot
recognisedasadistributiontoownersintheperiod,andthe
relatedamountpershare;and
(b)theamountofanycumulativepreferencedividendsnot
recognised.
16.Financialguarantees
Amendments to IAS 39 and IFRS 4, Financial Guarantee
Contracts, was issued in August 2005.
The issuer of fnancial guarantee contracts may elect to apply
either IFRS 4 (if the entity has previously asserted explicitly
that it regards such contracts as insurance contracts and has
used accounting applicable to insurance contracts) or IAS 39
for measurement of fnancial guarantee contracts.
If the entity elects to apply IFRS 4, it should comply with IFRS 4
disclosure requirements to such contracts (refer to Section E).
If the entity elects to apply IAS 39 for measurement of fnancial
guarantee contracts, it should comply with IFRS 7 disclosure
requirements for these contracts.
59
A9 Non-current assets held for sale and discontinued
operations
The following disclosures are required when an entity has non-
current assets held for sale and/or discontinued operations as
defned by IFRS 5.
IFRS5p38 1. Present separately from other assets in the balance sheet a
1p55 non-currentassetclassifedasheldforsaleandtheassetsofa
disposalgroupclassifedasheldforsale(withincurrentassets).
IFRS5p38 2. Do not offset the assets and liabilities of a disposal group and
1p55 do not present as a single amount. Present the liabilities of
adisposalgroupclassifedasheldforsaleseparately(classifed
ascurrentliabilities)fromotherliabilitiesinthebalancesheet
IFRS5p38 3. Discloseseparatelythemajorclassesofassetsandliabilities
classifedasheldforsaleeitheronthefaceofthebalance
sheetorinthenotestothefnancialstatements.
IFRS5p39 4. Disclosureofthemajorclassesofassetsandliabilitiesisnot
requiredifthedisposalgroupisanewlyacquiredsubsidiary
thatmeetsthecriteriatobeclassifedasheldforsaleon
acquisition.
IFRS5p38 5. Discloseseparatelyanycumulativeincomeorexpanse
recogniseddirectlyinequityrelatingtoanon-currentasset(or
disposalgroup)classifedasheldforsale.
IFRS5p40 6. Amountspresentedfornon-currentassetsorfortheassets
andliabilitiesofdisposalgroupsclassifedasheldforsaleinthe
balancesheetsforpriorperiodsshouldnotbereclassifedorre-
presentedtorefecttheclassifcationinthebalancesheetfor
the latest period presented.
IFRS5p41 7. Foranon-currentasset(ordisposalgroup)heldforsaleorsold,
disclose:
(a) adescriptionofthenon-currentasset(ordisposalgroup);
(b)adescriptionofthefactsandcircumstancesleadingtothe
expected disposal and the expected manner and timing of
thatdisposal;
(c)thegainorlossrecognisedasresultofremeasurementto
fairvaluelesscoststosell,andifnotseparatelypresented
onthefaceoftheincomestatement,thecaptioninthe
incomestatementthatincludesthatgainorloss;and
(d)thesegmentinwhichthenon-currentasset(ordisposal
group)ispresentedunderIAS14,ifapplicable.
IFRS5p12 8. Disclosetheinformationspecifedinpara5(a),(b)and(d)
aboveinthenotesifthecriteriaforclassifcationofnon-current
assets(ordisposalgroups)asheldforsale(refertoIFRS5
paras7and8)aremetafterthebalancesheetdatebutbefore
theauthorisationofthefnancialstatementsforissue.
IFRS5p42 9. Ifanon-currentasset(ordisposalgroup)ceasestobeheld
forsale,discloseadescriptionofthefactsandcircumstances
leadingtothedecisiontochangetheplantosellthenon-
currentasset(ordisposalgroup),togetherwiththeeffectof
the decision on the results of operations for the period and any
prior periods presented.
IFRS5p33 10.Fordiscontinuedoperations,disclosethefollowingforall
periods presented:
12p81(h) (a)asingleamountonthefaceoftheincomestatement
comprising the total of:
(i) thepost-taxproftorlossofdiscontinuedoperations;
and
(ii) thepost-taxgainorlossrecognisedonthe
remeasurementtofairvaluelesscoststoselloronthe
disposaloftheassetsordisposalgroup(s)constituting
thediscontinuedoperation;and
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Y-NA-NM REF
Disclosure checklist 2009 – Section A9
60
Y-NA-NM REF
S
e
c
t
i
o
n

A



D
i
s
c
l
o
s
u
r
e
s

f
o
r

c
o
n
s
i
d
e
r
a
t
i
o
n

b
y

a
l
l

e
n
t
i
t
i
e
s
Disclosure checklist 2009 – Section A9
(b)ananalysisofthesingleamountin(a)into:
(i) therevenue,expensesandpre-taxproftorlossof
discontinuedoperations;
(ii) thegainorlossrecognisedontheremeasurementto
fairvaluelesscoststoselloronthedisposalofthe
assetsordisposalgroup(s)constitutingthediscontinued
operation;and
(iii)thetaxexpenserelatingto:
−thegainorlossondiscontinuance;and
−theproftorlossfromtheordinaryactivitiesof
thediscontinuedoperationfortheperiod,together
withthecorrespondingamountsforeachpriorperiod
presented.
The analysis may be given in the notes or on the face of the
income statement. If it is given on the face of the income
statement, it should be presented in a section relating to
discontinued operations separate from continuing operations.
The analysis is not required if the disposal group is a newly
acquired subsidiary that meets the criteria to be classifed as
held for sale on acquisition.
IFRS5p34 11.Re-presentthedisclosuresinpara7aboveandA6.2para6for
priorperiodspresentedinthefnancialstatementssothatthe
disclosuresrelatetoalloperationsthathavebeendiscontinued
by the balance sheet date for the latest period presented.
IFRS5p35 12.Presentseparatelyindiscontinuedoperationsanyadjustments
inthecurrentperiodtoamountspreviouslypresented
in discontinued operations that are directly related to the
disposal of a discontinued operation in a prior period. The
natureandamountofsuchadjustmentsshouldbedisclosed
IFRS5p36 13.Ifacomponentofanentityceasestobeclassifedasheldfor
sale,reclassifytheresultsofoperationsofthecomponent
previouslypresentedindiscontinuedoperationsandinclude
it in income from continuing operations for all periods
presented.Disclosetheamountsforpriorperiodsashaving
beenre-presented.

IFRS5p36A Presenting discontinued operations
Anentitythatiscommittedtoasaleplaninvolvingthelossof
controlofasubsidiarydisclosestheinformationrequiredby
IFRS5para33topara36whenthesubsidiaryisadisposal
groupthatmeetsthedefnitionofadiscontinuedoperationin
accordancewithIFRS5para32.


61
Disclosure checklist 2009
Section B
Disclosuresrequiredofallentities
but only in certain situations
S
e
c
t
i
o
n

B



D
i
s
c
l
s
o
u
r
e
s


r
e
q
u
i
r
e
d

i
n

c
e
r
t
a
i
n

s
i
t
u
a
t
i
o
n
s
62
63
Disclosurechecklist2009–SectionsB1-B2
Y-NA-NM REF
S
e
c
t
i
o
n

B



D
i
s
c
l
s
o
u
r
e
s


r
e
q
u
i
r
e
d

i
n

c
e
r
t
a
i
n

s
i
t
u
a
t
i
o
n
s
B1 Correction of prior-period errors
8p49 1. Disclose:
(a) thenatureoftheprior-perioderror;
(b) foreachpriorperiodpresented,totheextentpracticable,
the amount of the correction:
(i) foreachfnancialstatementlineitemaffected;and
(ii)ifIAS33appliestotheentity,theimpactonbasicand
dilutedearningspershare;
(c) theamountofthecorrectionatthebeginningoftheearliest
priorperiodpresented;and
(d) ifretrospectiverestatementisimpracticableforaparticular
priorperiod,thecircumstancesthatledtotheexistence
ofthatconditionandadescriptionofhowandfromwhen
the error has been corrected.
8p49 These disclosures need not be repeated in the fnancial
statements of subsequent periods.
B2 Reporting in the currency of a hyperinfationary
economy
1p119 1. Disclose accounting policies.
29p39(a)2. Disclosethefactthatthefnancialstatementsandthe
correspondingfguresforpreviousperiodshavebeenrestated
forthechangesinthegeneralpurchasingpowerofthe
functionalcurrencyand,asaresult,arestatedintermsofthe
measuring unit current at the balance sheet date.
29p39(b)3. Disclosewhetherthefnancialstatementsarebasedona
historical cost approach or a current cost approach.
29p39(c)4. Providethefollowinginformation:
(a) theidentityofthepriceindex;
(b) thelevelofthepriceindexatthebalancesheetdate;and
(c) themovementintheindexduringthecurrentandprevious
reporting period. It is useful to disclose the three years
cumulative infation at the balance sheet date for each of the
periods presented in the fnancial statements.
29p9 5. Disclose the gain or loss on the net monetary position included
in net income. This is usually disclosed as a separate line above
proft/loss before taxation in the income statement.
21p42 6. The results and fnancial position of an entity whose functional
currency is the currency of a hyperinfationary economy
should be translated into a different presentation currency using
the following procedures:
(a) all amounts (assets, liabilities, equity items, and income and
expenses, including comparatives) should be translated at
the closing rate at the date of the most recent balance
sheet, except:
(b) when amounts are translated into the currency of a
non–hyperinfationary economy, comparative amounts
should be those that were presented as current year
amounts in the relevant prior year fnancial statements (not
adjusted for subsequent changes in the price level or
subsequent changes in exchange rates).
21p43 7. When an entity’s functional currency is the currency of a
hyperinfationary economy, the entity should restate its fnancial
statements in accordance with IAS 29 before applying the
translation method set out in IAS 21 para 42, except for
comparative amounts that are translated into a currency of a
non-hyperinfationary economy (refer to IAS 21 para 42(b)).
When the economy ceases to be hyperinfationary and the
entity no longer restates its fnancial statements in accordance
with IAS 29, it should use as the historical costs to translate into
the presentation currency the amounts restated to the price
level at the date the entity ceased restating its fnancial
statements.
Y-NA-NM
64
REF
B3 Uncertainties about going concern

1p25 1. Disclosematerialuncertaintiesrelatingtoeventsorconditions
thatmaycastsignifcantdoubtupontheentity’sabilityto
continue as a going concern.
1p25 2. Whenanentitydoesnotpreparefnancialstatementsona
goingconcernbasis,disclosethatfacttogetherwiththereason
that the entity is not regarded as a going concern and the basis
onwhichitpreparedthefnancialstatements.

B4 Departure from IFRS

1p19,20 1. IntheextremelyraresituationswheredeparturefromIFRSis
necessarytoachieveafairpresentation,anentitymaydepart
fromIFRSiftherelevantregulatoryframeworkrequiresitor
doesnotprohibitsuchadeparture.Inthesecircumstances,
disclose:
1p20 (a)thatmanagementhasconcludedthatthefnancial
statementsfairlypresenttheentity’sfnancialposition,
fnancialperformanceandcashfows;
(b)thatithascompliedinallmaterialrespectswithapplicable
standardsandinterpretations,exceptthatithasdeparted
fromaparticularrequirementtoachieveafairpresentation;
(c)thethetitleoftheIFRSfromwhichtheentityhasdeparted,
thenatureofthedeparture,includingthetreatmentthatthe
IFRSwouldrequire,thereasonwhythattreatmentwouldbe
misleadinginthecircumstancesandthetreatmentadopted;
and
(d)foreachperiodpresented,thefnancialimpactofthe
departureoneachiteminthefnancialstatementsthat
wouldhavebeenreportedincomplyingwiththe
requirement.
1p21 2. WhereanentityhasdepartedfromarequirementofanIFRSin
a prior period and the amounts recognised in the current period
areaffectedbythatdeparture,disclosurepoint(c)and(d)
above.
1p23(a),(b) 3. Wheremanagementconcludesthatcompliancewitha
requirementinIFRSwouldbesomisleadingastoconfictwith
theobjectiveoffnancialstatementssetoutintheFramework,
butdeparturefromtherequirementisprohibitedbytherelevant
regulatoryframework,reducetheperceivedmisleadingaspects
of compliance as far as possible by disclosing:
(a) thetitleoftheIFRSinquestion,thenatureofthe
requirementandthereasonwhymanagementconsiders
compliancewiththatrequirementtobesomisleadingasto
confictwiththeobjectiveoffnancialstatementssetoutin
theFramework;and
(b) foreachperiodpresented,theadjustmentstoeachitemin
thefnancialstatementsthatmanagementhasconcluded
wouldbenecessarytogiveafairpresentation.

B5 Change of year-end

1p49 1. Whenanentitychangesitsyear-end,anditsfnancial
statements are presented for a period longer or shorter than
oneyear,disclose:
(a)thereasonforaperiodotherthanoneyearbeingused;
and
(b)thefactthatcomparativeamountsfortheincome
statement,changesinequity,cashfowsandrelatednotes
are not comparable.
S
e
c
t
i
o
n

B



D
i
s
c
l
s
o
u
r
e
s


r
e
q
u
i
r
e
d

i
n

c
e
r
t
a
i
n

s
i
t
u
a
t
i
o
n
s
Disclosurechecklist2009–SectionsB3-B5
65
Y-NA-NM REF
S
e
c
t
i
o
n

B



D
i
s
c
l
s
o
u
r
e
s


r
e
q
u
i
r
e
d

i
n

c
e
r
t
a
i
n

s
i
t
u
a
t
i
o
n
s
Disclosurechecklist2009–SectionsB6-B7
B6 Intermediate parent company – consolidated
fnancial statements not presented
27p10 Under IAS 27 para 10, a parent that is a wholly owned subsidiary
need not present consolidated fnancial statements. If the parent is
wholly or partially owned, it need not present consolidated fnancial
statements if it informs the owners, including those not otherwise
entitled to vote, and they do not object.
27p41 1. Whenseparatefnancialstatementsarepreparedforaparent
that,inaccordancewithIAS27para10,electsnottoprepare
consolidatedfnancialstatements,discloseinthoseseparate
fnancialstatements:
(a)thefactthatthefnancialstatementsareseparatefnancial
statements;
(b)thefactthattheexemptionfromconsolidationhasbeen
used;
(c)thenameandcountryofincorporationorresidenceofthe
entitywhoseconsolidatedfnancialstatementsthatcomply
withIFRShavebeenproducedforpublicuse;
(d)theaddresswherethoseconsolidatedfnancialstatements
areobtainable;
(e)alistofsignifcantinvestmentsinsubsidiaries,jointly
controlledentitiesandassociates,including:
(i) thename;
(ii) countryofincorporationorresidence;
(iii)proportionofownershipinterest;and
(iv)ifdifferent,proportionofvotingpowerheld;and
(f) adescriptionofthemethodusedtoaccountforthe
investmentslistedunder(b)above.

B7 Share-based payments
IFRS2p44 1. Provideinformationthatenablesusersofthefnancial
statementstounderstandthenatureandextentofshare-
based payment arrangements that existed during the period.
Theentityshoulddiscloseatleastthefollowing:
IFRS2p45(a) (a)adescriptionofeachtypeofshare-basedpayment
arrangementthatexistedatanytimeduringperiod,
the including the general terms and conditions of each
arrangement,suchas:
(i) vestingrequirements;
(ii) themaximumtermofoptionsgranted;and
(iii)themethodofsettlement(forexample,whether
incashorequity).
An entity with substantially similar types of share-based
payment arrangements may aggregate this information, unless
separate disclosure of each arrangement is necessary to enable
users of the fnancial statements to understand the nature and
extent of share-based payment arrangements that existed
during the period.
IFRS2p45(b) (b)thenumberandweightedaverageexercisepricesofshare
optionsforeachofthefollowinggroupsofoptions:
(i) outstandingatthebeginningoftheperiod;
(ii) grantedduringtheperiod;
(iii)forfeitedduringtheperiod;
(iv)exercisedduringtheperiod;
(v) expiredduringtheperiod;
(vi)outstandingattheendoftheperiod;and
(vii)exercisableattheendoftheperiod.
IFRS2p45(c) (c)theweightedaveragesharepriceatthedateofexercisefor
share options exercised during the period. The entity may
instead disclose the weighted average share price during
the period if options were exercised on a regular basis
throughout the period.
Y-NA-NM
66
REF
IFRS2p45(d) (d)forshareoptionsoutstandingattheendoftheperiod,
(i) therangeofexerciseprices;and
(ii) weightedaverageremainingcontractuallife.
If the range of exercise prices is wide, the outstanding options
should be divided into ranges that are meaningful for assessing
the number and timing of additional shares that may be issued
and the cash that may be received upon exercise of those
options.
IFRS2p46 2. Provideinformationthatenablesusersofthefnancial
statementstounderstandhowthefairvalueofthegoodsor
servicesreceived,orthefairvalueoftheequityinstruments
granted,duringtheperiodwasdetermined(refertoparas3-5
below).
IFRS2p47 3. Iftheentityhasmeasuredthefairvalueofgoodsorservices
receivedasconsiderationforequityinstrumentsoftheentity
indirectly,byreferencetothefairvalueoftheequityinstruments
granted,discloseatleastthefollowing:
IFRS2p47(a) (a) forshareoptionsgrantedduringtheperiod,theweighted
averagefairvalueofthoseoptionsatthemeasurementdate
andinformationonhowthatfairvaluewasmeasured,
including:
(i) theoptionpricingmodelusedandtheinputstothat
model,including:
–theweightedaverageshareprice,
–exerciseprice,
–expectedvolatility,
–optionlife,
–expecteddividends,
–therisk-freeinterestrate,and
–anyotherinputstothemodel,includingthemethod
used and the assumptions made to incorporate the
effectsofexpectedearlyexercise;
(ii) howexpectedvolatilitywasdetermined,includingan
explanationoftheextenttowhichexpectedvolatility
wasbasedonhistoricalvolatility;and
(iii)whetherandhowanyotherfeaturesoftheoption
grantwereincorporatedintothemeasurementoffair
value,suchasamarketcondition.
IFRS2p47(b) (b) forotherequityinstrumentsgrantedduringtheperiod(other
thanshareoptions),thenumberandweightedaveragefair
valueofthoseequityinstrumentsatthemeasurementdate,
andinformationonhowthatfairvaluewasmeasured,
including:
(i) iffairvaluewasnotmeasuredonthebasisofan
observablemarketprice,howitwasdetermined;
(ii) whetherandhowexpecteddividendswereincorporated
intothemeasurementoffairvalue;and
(iii)whetherandhowanyotherfeaturesoftheequity
instrumentsgrantedwereincorporatedintothe
measurementoffairvalue;and
IFRS2p47(c) (c)forshare-basedpaymentarrangementsthatweremodifed
during the period:
(i) anexplanationofthosemodifcations;
(ii) theincrementalfairvaluegranted(asaresultofthose
modifcations);and
(iii)informationonhowtheincrementalfairvaluegranted
wasmeasured,consistentlywiththerequirementsset
outin(a)and(b)above,whereapplicable.
IFRS2p48 4. Iftheentityhasmeasureddirectlythefairvalueofgoods
orservicesreceivedduringtheperiod,disclosehowthatfair
valuewasdetermined;forexample,whetherfairvaluewas
measuredatamarketpriceforthosegoodsorservices.

S
e
c
t
i
o
n

B



D
i
s
c
l
s
o
u
r
e
s


r
e
q
u
i
r
e
d

i
n

c
e
r
t
a
i
n

s
i
t
u
a
t
i
o
n
s
Disclosure checklist 2009 – Section B7
67
Y-NA-NM REF
Disclosurechecklist2009–SectionsB7-B8
S
e
c
t
i
o
n

B



D
i
s
c
l
s
o
u
r
e
s


r
e
q
u
i
r
e
d

i
n

c
e
r
t
a
i
n

s
i
t
u
a
t
i
o
n
s
IFRS2p49 5. Iftheentityhasrebuttedthepresumptionthatfairvalueof
goodsandservicesotherthanemployeeservicescanbe
estimatedreliably,disclosethatfactandgiveanexplanationof
whythepresumptionwasrebutted.
IFRS2p50 6. Provideinformationthatenablesusersofthefnancial
statementstounderstandtheeffectofshare-basedpayment
transactionsontheentity’sproftorlossfortheperiodandon
itsfnancialposition.Discloseatleastthefollowing:
IFRS2p51 (a)thetotalexpenserecognisedfortheperiodarisingfrom
share-basedpaymenttransactionsinwhichthegoodsor
servicesreceiveddidnotqualifyforrecognitionasassets
andwererecognisedimmediatelyasanexpense,
including separate disclosure of that portion of the total
expense that arises from transactions accounted for as
equity-settledshare-basedpaymenttransactions;and
(b)forliabilitiesarisingfromshare-basedpaymenttransactions:
(i) thetotalcarryingamountattheendoftheperiod;and
(ii) thetotalintrinsicvalueattheendoftheperiodof
liabilitiesforwhichthecounterparty’srighttocashor
otherassetshadvestedbytheendoftheperiod(for
example,vestedshareappreciationrights).
IFRS2p52 7. Disclose additional information that is necessary to enable
usersofthefnancialstatementstounderstandthenature
andextentofshare-basedpaymentarrangementsthatexisted
duringtheperiod,howfairvalueofthegoodsorservices
receivedorfairvalueofequityinstrumentsgrantedduring
theperiodwasdeterminedandtheeffectoftheshare-based
paymentarrangementsonproftorlossfortheperiodandon
fnancialposition.

B8 First-time adoption of IFRS
1. General disclosures
IFRS1p36 1. IncludeinthefrstIFRSfnancialstatementsatleastoneyearof
comparativeinformationunderIFRS.
IFRS1p37 2. IfthefrstIFRSfnancialstatementscontainhistorical
summariesorcomparativeinformationunderpreviousGAAPas
explainedinSectionsB8.6andB8.7:
(a)labelthepreviousGAAPinformationprominentlyasnot
beingpreparedunderIFRS;and
(b)disclosethenatureofthemainadjustmentsthatwould
makeitcomplywithIFRS.(Quantifcationofthose
adjustmentsisnotrequired).
2. ExplanationoftransitiontoIFRS
IFRS1p38 1. Provideanexplanationofhowthetransitionfromprevious
GAAPtoIFRSaffectedthereportedfnancialposition,fnancial
performanceandcashfows.
IFRS1p39 2. IncludeinthefrstIFRSfnancialstatements:
(a)reconciliationsoftheentity’sequityreportedunderprevious
GAAPtoitsequityunderIFRSforbothofthefollowing
dates:
(i) thedateoftransitiontoIFRS;and
(ii) theendofthelatestperiodpresentedintheentity’s
mostrecentannualfnancialstatementsunderprevious
GAAP;
(b)areconciliationoftheproftorlossreportedunder
previousGAAPforthelatestperiodintheentity’smost
recentannualfnancialstatementstoitsproftorlossunder
IFRSforthesameperiod;and
Y-NA-NM
68
REF
Disclosurechecklist2009–SectionB8
(c)iftheentityrecognisedorreversedanyimpairmentlosses
forthefrsttimeinpreparingitsopeningIFRSbalance
sheet,thedisclosuresthatIAS36wouldhaverequiredif
the entity had recognised those impairment losses or
reversalsintheperiodbeginningwiththedateoftransition
to IFRS.
IFRS1p40 Thereconciliationsrequiredshouldgivesuffcientdetailto
enableuserstounderstandthematerialadjustmentstothe
balance sheet and income statement.
IFRS1p40 3. Disclosematerialadjustmentstothecashfowstatement,if
anentitypresentedacashfowstatementunderitsprevious
GAAP
IFRS1p41 4. Ifanentitybecomesawareoferrorsmadeunderprevious
GAAP,thereconciliationsrequiredbyIFRS1para39(a)and(b)
should distinguish the correction of those errors from changes
in accounting policies.
IFRS1p43 5. Ifanentitydidnotpresentfnancialstatementsforprevious
periods,disclosethatfactinitsfrstIFRSfnancialstatements.

IFRS1p43A 3. Designationoffnancialassetsorfnancialliabilities
Disclosethefairvalueofanyfnancialassetsorfnancial
liabilitiesdesignatedatfairvaluethroughproftorlossoras
availableforsaleandthecarryingamountintheprevious
fnancialstatements.
IFRS1p44 4. Useoffairvalueasdeemedcost
1. Iffairvalueisusedasdeemedcostforanitemofproperty,
plantandequipment,aninvestmentpropertyoranintangible
asset(refertoIFRS1paras16and18),discloseinthefrst
IFRSfnancialstatements,foreachlineitemintheopening
IFRS balance sheet:
(a)theaggregateofthosefairvalues;and
(b)theaggregateadjustmenttothecarryingamounts
reportedunderpreviousGAAP.
IFRS1p44A 1. If an entity uses a deemed cost in its opening IFRS balance
sheetforaninvestmentinasubsidiary,jointlycontrolledentity
orassociateinitsseparatefnancialstatements,disclosein
thefrstIFRSfnancialstatements:
IFRS1p44A(a) (a) theaggregatedeemedcostofthoseinvestmentsforwhich
deemedcostisthepreviousGAAPcarryingamount;
IFRS1p44A(b) (b)theaggregatedeemedcostofthoseinvestmentsforwhich
deemedcostisfairvalue;and
IFRS1p44A(c) (c)theaggregateadjustmenttothecarryingamounts
reportedunderpreviousGAAP.
5. Interimfnancialreports
IFRS1p45 1. InterimfnancialreportunderIAS34forpartoftheperiod
coveredbyfrstIFRSfnancialstatementsshouldinclude
reconciliations of:
(a)equityunderpreviousGAAPattheendofthecomparable
interimperiodtoequityunderIFRSatthatdate;and
(b)proftorlossunderpreviousGAAPforthecomparable
interimperiod(currentandyear-to-date)toproftorloss
under IFRS for that period.
S
e
c
t
i
o
n

B



D
i
s
c
l
s
o
u
r
e
s


r
e
q
u
i
r
e
d

i
n

c
e
r
t
a
i
n

s
i
t
u
a
t
i
o
n
s
69
Y-NA-NM REF
Disclosurechecklist2009–SectionB8
Inadditiontothereconciliationsrequiredby(a)and(b)above,
anentity’sfrstinterimfnancialreportunderIAS34forpart
oftheperiodcoveredbyitsfrstIFRSfnancialstatements
should include the reconciliations described in IFRS 1 para
39(a)and(b)(supplementedbythedetailsrequiredby
IFRS1paras40and41)oracross-referencetoanother
published document that includes these reconciliations.
IFRS1p46 2. Ifafrst-timeadopterdidnotdiscloseinformationmaterialto
an understanding of the current interim period in its most
recentannualfnancialstatementsunderpreviousGAAP,
disclosethatinformationinitsinterimfnancialreportor
includeacross-referencetoanotherpublisheddocumentthat
includes it.
S
e
c
t
i
o
n

B



D
i
s
c
l
s
o
u
r
e
s


r
e
q
u
i
r
e
d

i
n

c
e
r
t
a
i
n

s
i
t
u
a
t
i
o
n
s
70
71
S
e
c
t
i
o
n

C

I
n
d
u
s
t
r
y
-
s
p
e
c
i
f
c

d
i
s
c
l
o
s
u
r
e
s
Disclosure checklist 2009
Section C
Industry-specifcdisclosures
73
Y-NA-NM REF
Disclosurechecklist2009–SectionsC1-C2
S
e
c
t
i
o
n

C

I
n
d
u
s
t
r
y
-
s
p
e
c
i
f
c

d
i
s
c
l
o
s
u
r
e
s
C1 Construction contracts
1p110 1. Disclose in accounting policies:
11p39(b) (a) themethodsusedtodeterminethecontractrevenue
recognisedintheperiod;and
11p39(c) (b)themethodsusedtodeterminethestageofcompletionof
contracts in progress.
11p39(a) 2. Disclosetheamountofcontractrevenuerecognisedasrevenue
in the period.
11p40 3. Forconstructioncontractsinprogressatthebalancesheet
date,disclose:
(a) theaggregateamountofcostsincurredandrecognised
profts(lessrecognisedlosses)todate;
(b)theamountofadvancesreceived;and
(c)theamountofretentions.
11p42 4. Presentonthebalancesheet:
(a)thegrossamountduefromcustomersforcontractworkas
anasset;and
(b)thegrossamountduetocustomersforcontractworkasa
liability.
IFRIC15p20 5. Iftheentityrecognisesrevenueusingthepercentageof
completion method for agreements that meet all the criteria
ofIAS18.14continuouslyasconstructionprogresses,disclose:
(a) howitdetermineswhichagreementsmeetallthecriteriain
IAS18.14continuouslyasconstructionprogresses.
(b)theamountofrevenuearisingfromsuchagreementsinthe
period;and
(c)themethodsusedtodeterminethestageofcompletionof
agreements in progress.
IFRIC15p21 6. InadditiontothedisclosuresrequiredbyIFRIC15para20,for
agreementsthatareinprogressatthereportingdate,disclose:
(a) theaggregateamountofcostsincurredandrecognised
profts;(lessrecognisedlosses)todate;and
(b) theamountofadvancesreceived.

C2 Agriculture
1. General disclosures
17p32, 57 The disclosure requirements of IAS 41 apply to owned
biological assets and to the amounts of leased biological assets
held under fnance leases in the lessee’s accounts.
41p41, 42 1. Provideadescriptionofeachgroupofbiologicalassets
(narrativeorquantifeddescription).
41p40 2. Disclose the aggregate gain or loss arising during the current
period on initial recognition of biological assets and agricultural
produceandfromthechangeinfairvaluelessestimatedpoint-
of-salecostsofbiologicalassets.
41p46 3. Describe,ifithasnotbeendisclosedelsewhereininformation
publishedwiththefnancialstatements:
(a)thenatureofactivitiesinvolvingeachgroupofbiological
assets;and
(b)non-fnancialmeasuresorestimatesofthephysical
quantitiesof:
(i) eachgroupoftheentity’sbiologicalassetsattheendof
theperiod;and
(ii) theoutputofagriculturalproduceduringtheperiod.
41p47 4. Disclosethemethodsandsignifcantassumptionsappliedin
determiningthefairvalueofeachgroupofagriculturalproduce
atthepointofharvestandeachgroupofbiologicalassets.
Y-NA-NM
74
REF
Disclosure checklist 2009 – Section C2
S
e
c
t
i
o
n

C

I
n
d
u
s
t
r
y
-
s
p
e
c
i
f
c

d
i
s
c
l
o
s
u
r
e
s
41p48 5. Disclosethefairvaluelessestimatedpoint-of-salecostsof
agriculturalproduceharvestedduringtheperiod,determinedat
thepointofharvest.
41p49 6. Disclose:
(a)theexistenceandcarryingamountsofbiologicalassets
whosetitleisrestricted,andthecarryingamountsof
biologicalassetspledgedassecurityforliabilities;
(b)theamountofcommitmentsforthedevelopmentor
acquisitionofbiologicalassets;and
(c)fnancialriskmanagementstrategiesrelatedtoagricultural
activity.
41p50 7. Present a reconciliation of changes in the carrying amount of
biologicalassetsbetweenthebeginningandtheendofthe
current period. Include in the reconciliation:
DV41p51 (a)thegainorlossarisingfromchangesinfairvalueless
estimatedpoint-of-salecosts.Entitiesareencouragedto
disclosebygrouporotherwisetheamountduetophysical
changesandduetopricechanges;
(b)increasesduetopurchases;
(c)decreasesduetosalesandbiologicalassetsclassifedas
heldforsale(orincludedinadisposalgroupthatis
classifedasheldforsale)inaccordancewithIFRS5;
(d)decreasesduetoharvest;
(e)increasesresultingfrombusinesscombinations;
(f) netexchangedifferencesarisingonthetranslationof
fnancialstatementsintoadifferentpresentationcurrency
and on the translation of a foreign operation into the
reportingentity’spresentationcurrency;and
(g) otherchanges.
41p55 This reconciliation should separately identify any biological
assets measured at cost loss accumulated depreciation
and any accumulated impairment losses in accordance
withIAS41para30.
41p57 8. Disclosethefollowingrelatedtoagriculturalactivity:
(a)thenatureandextentofgovernmentgrantsrecognisedin
thefnancialstatements;
(b)unfulflledconditionsandothercontingenciesrelatingto
governmentgrants;and
(c)signifcantdecreasesexpectedinthelevelofgovernment
grants.
DV, 41p43 9. Provideaquantifeddescriptionofeachgroupofbiological
assets,distinguishingbetweenconsumableandbearer
biologicalassetsorbetweenmatureandimmaturebiological
assets,asappropriate.
2. Additionaldisclosureswherefairvalueofbiologicalassets
cannot be measured
41p54 1. Whenfairvalueofbiologicalassetscannotbemeasuredand
costisused,disclose:
(a)adescriptionofthebiologicalassets;
(b)anexplanationofwhyfairvaluecannotbemeasured
reliably;
(c)ifpossible,therangeofestimateswithinwhichfairvalueis
highlylikelytolie;
(d)thedepreciationmethodused;
(e)theusefullivesorthedepreciationratesused;and
(f) thegrosscarryingamountandtheaccumulated
depreciation(aggregatedwithaccumulatedimpairment
losses)atthebeginningandendoftheperiod.
75
Y-NA-NM REF
Disclosurechecklist2009–SectionsC2-C4
S
e
c
t
i
o
n

C

I
n
d
u
s
t
r
y
-
s
p
e
c
i
f
c

d
i
s
c
l
o
s
u
r
e
s
41p55 2 Disclose any gain or loss recognised on disposal of biological
assets.Disclosedetailsofthefollowingamountsincludedinnet
proftorlossrelatedtothosebiologicalassets:
(a)impairmentlosses;
(b)reversalsofimpairmentlosses;and
(c)depreciation.
41p56 3. Ifanentitychangesfromcosttofairvalueduringthecurrent
period,disclose:
(a)adescriptionofthebiologicalassets;
(b)anexplanationofwhyfairvaluehasbecomereliably
measurable;and
(c)theeffectofthechange.

C3 Public service concession arrangements

SIC29p6-7 1. Forconcessionoperatorsorconcessionproviders,disclosethe
followingineachperiodindividuallyforeachserviceconcession
arrangementorinaggregateforeachclassofservice
concession arrangement:
(a)adescriptionofthearrangement;
(b)signifcanttermsofthearrangementthatmayaffectthe
amount,timingandcertaintyoffuturecashfows(for
example,theperiodoftheconcession,re-pricingdatesand
thebasisonwhichre-pricingorrenegotiationis
determined);
(c)thenatureandextent(forexample,quantity,timeperiodor
amount,asappropriate)of:
(i) rightstousespecifedassets;
(ii) obligationstoprovideorrightstoexpectprovisionof
services;
(iii)obligationstoacquireortobuilditemsofproperty,plant
andequipment;
(iv)obligationstodeliverorrightstoreceivespecifed
assetsattheendoftheconcessionperiod;
(v) renewalandterminationoptions;and
(vi)otherrightsandobligations(forexample,major
overhauls);
(d) changesinthearrangementoccurringduringtheperiod;
and
(e) howtheservicearrangementhasbeenclassifed
SIC 29p6A Discloserevenueandproftsorlossesrecognisedon
exchangingconstructionservicesforafnancialassetoran
intangible asset.

C4 Accounting by a lessor
Leasesarefnancialinstrumentsandthereforethedisclosure
requirementsofIFRS7applyalsotoleases.RefertoSectionA8.
(a) Lessors–fnanceleases
17p47 1. Disclose:
(a)areconciliationbetweenthetotalgrossinvestmentin
theleaseatthebalancesheetdateandthepresentvalueof
minimumleasepaymentsreceivableatthebalancesheet
date;
(b)thetotalgrossinvestmentintheleaseandthepresentvalue
ofminimumleasepaymentsreceivableatthebalancesheet
date,foreachofthefollowingthreeperiods:
(i) nolaterthanoneyear;
(ii) laterthanoneyearandnolaterthanfveyears;and
(iii)laterthanfveyears;
Y-NA-NM REF
76
Disclosurechecklist2009–SectionC4
S
e
c
t
i
o
n

C

I
n
d
u
s
t
r
y
-
s
p
e
c
i
f
c

d
i
s
c
l
o
s
u
r
e
s
(c)unearnedfnanceincome;
(d)theunguaranteedresidualvaluesaccruingtothebeneftof
thelessor;
(e)theaccumulatedallowanceforuncollectableminimumlease
paymentsreceivable;
(f) contingentrentsrecognisedinincome;and
(g)ageneraldescriptionofthelessor’ssignifcantleasing
arrangements.
17p65 2. Thedisclosurerequirementssetoutinpara1abovealso
applytosaleandleasebacktransactions.Anyuniqueor
unusualprovisionsoftheagreementsortermsofthesaleand
leaseback transactions should be separately disclosed.
IFRIC4pBC39 3. Thedisclosurerequirementssetoutinpara1abovealsoapply
toleasesunderIFRIC4.
(b) Lessors–operatingleases
17p56, 57 1. Disclose:
(a)foreachclassofasset:
(i) grosscarryingamount;
(ii) accumulateddepreciation;
(iii)accumulatedimpairmentloss;
(iv)depreciationchargefortheperiod;
(v) impairmentlossesrecognisedfortheperiod;and
(vi)impairmentlossesreversedfortheperiod;
(b)thefutureminimumleasepaymentsundernon-
cancellableoperatingleases,intotalandforeachofthe
followingthreeperiodsafterthebalancesheetdate:
(i) nolaterthanoneyear;
(ii) laterthanoneyearandnolaterthanfveyears;
(iii)laterthanfveyears;
(c)totalcontingentrentsincludedinincome;and
(d)ageneraldescriptionofthelessor’ssignifcantleasing
arrangements.
17p65 2. Thedisclosurerequirementssetoutinpara1abovealso
applytosaleandleasebacktransactions.Anyuniqueor
unusualprovisionsoftheagreementsortermsofthesaleand
leaseback transactions should be separately disclosed
IFRIC4pBC39 3. Thedisclosurerequirementssetoutinpara1abovealsoapply
toleasesunderIFRIC4.
3. Arrangementsthatdonotinvolvealeaseinsubstance
SIC27p10-11 Certainspecialdisclosuresapplyoverthelegalformofleases.
RefertoSectionA5.18(c).
4. Saleandleasebacktransactions
17p66 Sale and leaseback transactions may trigger the separate
disclosurecriteriainIAS1,PresentationofFinancial
Statements.
77
Disclosure checklist 2009 – Section C5
C5 Decommissioning, restoration and environmental
rehabilitation funds
IFRIC 5, ‘Rights to interests arising from decommissioning,
restoration and environmental rehabilitation funds’, effective
from 1 January 2006, explains how to treat expected
reimbursements from funds set up to meet the costs of
decommissioning plant (such as nuclear plant) or equipment
(such as cars) or in undertaking environmental restoration or
rehabilitation (such as rectifying pollution of water or restoring
IFRIC5p4 mined land). This interpretation applies to accounting in the
fnancial statements of a contributor for interests arising from
decommissioning funds that have both of the following features:
(a) the assets are administered separately (either by being held
in a separate legal entity or as segregated assets within
another entity); and
(b) a contributor’s right to access the assets is restricted.
A residual interest in a fund that extends beyond a right to
reimbursement, such as a contractual right to distributions
once all the decommissioning has been completed or on
winding up the fund, may be an equity instrument within the
scope of IAS 39 and is not within the scope of this
Interpretation.
IFRIC5p11 1. A contributor discloses the nature of its interest in a fund and
any restrictions on access to the assets in the fund.
IFRIC5p12 2. When a contributor has an obligation to make potential
additionalcontributionsthatisnotrecognisedasaliability(refer
toIFRIC5para10),itmakesthedisclosuresrequiredbyIAS37
para86(refertoSectionA5.23).
IFRIC5p13 3. Whenacontributoraccountsforitsinterestinthefundin
accordancewithIFRIC5para9,itmakesthedisclosures
requiredbyIAS37para85(c)(refertoSectionA5.16).
S
e
c
t
i
o
n

C

I
n
d
u
s
t
r
y
-
s
p
e
c
i
f
c

d
i
s
c
l
o
s
u
r
e
s
Y-NA-NM REF
79
S
e
c
t
i
o
n

D



A
d
d
i
t
i
o
n
a
l

d
i
s
c
l
o
s
u
r
e
s

r
e
q
u
i
r
e
d

o
f

l
i
s
t
e
d

e
n
t
i
t
i
e
s
Disclosure checklist 2009
Section D
Additionaldisclosuresrequiredoflistedentities
81
Y-NA-NM REF
Disclosure checklist 2009 – Section D1
S
e
c
t
i
o
n

D



A
d
d
i
t
i
o
n
a
l

d
i
s
c
l
o
s
u
r
e
s

r
e
q
u
i
r
e
d

o
f

l
i
s
t
e
d

e
n
t
i
t
i
e
s
D1 Operating segments
1. General disclosures
IFRS8p20 1. Discloseinformationtoenableuserstoevaluatethenatureand
fnancialeffectsofthebusinessactivitiesinwhichtheentity
engagesandtheeconomicenvironmentinwhichitoperates.
2. Disclosethefollowinggeneralinformation:
IFRS8p22(a), (a) thefactorsusedinidentifyingtheentity’sreportable
(b) segments,includingthebasisoforganisation(forexample,
bygeographicalarea,productsandservices,ora
combinationoffactorsandwhetheroperatingsegments
havebeenaggregated);and
(b)thetypesofproductsandservicesfromwhicheach
reportablesegmentgeneratesrevenues.
IFRS8p21 3. Givereconciliationsofbalancesheetamountsforreportable
segmentstotheentity’sbalancesheetamountsforeachdate
atwhichabalancesheetispresented.
2. Proftorloss,assetsandliabilities
14p50 1. Reportameasureofproftorlossandtotalassetsforeach
reportablesegment,andameasureofliabilitiesforeach
reportablesegmentifthatamountisregularlyprovidedtothe
chiefoperatingdecision-maker.
IFRS8p23(a) 2. Disclosethefollowinginformationforeachreportablesegment
(b),(c),(d),(e), iftheinformationisincludedinthemeasureofsegmentproftor
(f),(g),(h),(i) lossreviewedbythechiefoperatingdecision-maker,oris
otherwiseregularlyprovidedtothem,evenifnotincludedin
thatmeasureofsegmentproftorloss:
(a) revenuesfromexternalcustomers;
(b) revenuesfromtransactionswithotheroperatingsegments
ofthesameentity;
(c) interestrevenue;
(d) interestexpense;
(e) depreciationandamortisation;
(f) materialitemsofincomeandexpensedisclosedin
accordancewithIAS1para86;
(g) theentity’sinterestintheproftorlossofassociatesand
jointventuresaccountedforbytheequitymethod;
(h) incometaxincomeorexpense;and
(i) materialnon-cashitems(otherthandepreciationand
amortisation).
Reportinterestrevenueseparatelyfrominterestexpensefor
eachreportablesegmentunlessamajorityofthesegment’s
revenuesarefrominterestandthechiefoperatingdecision
makerreliesprimarilyonnetinterestrevenuetoassessthe
performance of the segment and make decisions about
resourcestobeallocatedtothesegment.Inthatsituation,an
entitymayreportthatsegment’sinterestrevenuenetofits
interest expense and disclose that it has done so.
IFRS8p24(a), 3. Disclosethefollowingabouteachreportablesegmentifthe
(b) specifedamountsareincludedinthemeasureofsegment
assetsreviewedbythechiefoperatingdecision-makeroris
otherwiseregularlyprovidedtothechiefoperatingdecision
maker,evenifnotincludedinthatmeasureofsegmentassets:
(a)theamountofinvestmentsinassociatesandjointventures
accountedforusingtheequitymethod;and
(b)theamountofadditionstonon-currentassetsotherthan
fnancialinstruments,deferredtaxassets,post-employment
beneftassetsandrightsarisingunderinsurancecontracts.
.
Y-NA-NM
82
REF
Disclosure checklist 2009 – Section D1
S
e
c
t
i
o
n

D



A
d
d
i
t
i
o
n
a
l

d
i
s
c
l
o
s
u
r
e
s

r
e
q
u
i
r
e
d

o
f

l
i
s
t
e
d

e
n
t
i
t
i
e
s
3. Explanationofsegmentproftorloss,segmentassetsand
liabilities
IFRS8p27(a), 1. Provideanexplanationofthemeasurementsofproftorloss,
(b),(c),(d),(e), assetsandliabilitiesforeachreportablesegment,including:
(f) (a) thebasisofaccountingforanytransactionsbetween
reportablesegments;
(b) thenatureofanydifferencesbetweenthemeasurementsof
thereportablesegments’proftsorlossesandthe
entity’sproftorlossbeforeincometaxexpenseorincome
and discontinued operations. Those differences could
include accounting policies and policies for allocation of
centrally incurred costs that are necessary for an
understandingofthereportedsegmentinformation.;
(c) thenatureofanydifferencesbetweenthemeasurements
ofthereportablesegments’assetsandtheentity’sassets.
Those differences could include accounting policies and
policiesforallocationofjointlyusedassetsthatare
necessary for an understanding of the reported segment
information;
(d)thenatureofanydifferencesbetweenthemeasurementsof
thereportablesegments’liabilitiesandtheentity’sliabilities.
Those differences could include accounting policies and
policiesforallocationofjointlyutilisedliabilitiesthatare
necessary for an understanding of the reported segment
information;
(e)thenatureofanychangesfrompriorperiodsinthe
measurement methods used to determine reported segment
proftorlossandtheeffect,ifany,ofthosechangesonthe
measureofsegmentproftorloss;and
(f) thenatureandeffectofanyasymmetricalallocationsto
reportablesegments(forexample,wheredepreciation
expense is allocated to a segment but the related asset is
not).
4. Reconciliations
IFRS8p28(a), 1. Providereconciliations(allmaterialreconcilingitemsare
(b),(c),(d),(e) separatelyidentifedanddisclosed)ofthefollowing:
(a) thetotalofreportablesegments’revenuestotheentity’s
revenue;
(b)thetotalofthereportablesegments’measureofproftor
losstotheentity’sproftorlossbeforetaxanddiscontinued
operations,unlessitemssuchastaxincomeandexpense
areallocatedtosegments,inwhichcasethereconciliation
maybetotheentity’sproftorlossafterthoseitems;
(c)thetotalofthereportablesegments’assetstothoseofthe
entity;
(d)thetotaloftheliabilitiesofthereportablesegmentstothose
oftheentity(wheresegmentliabilitiesarereported);and
(e)foranyothermaterialitemthetotalofthereportable
segments’amounttothecorrespondingamountforthe
entity.
5. Restatementofpreviouslyreportedinformation
IFRS8p29 1. Where there has been a change in the composition of the
entity’sreportablesegments,disclosewhetherithasrestated
the corresponding items of segment information for earlier
periods.
Wherethereissuchachange,restatecorresponding
informationforearlierperiods,includinginterimperiods,unless
theinformationisnotavailableandthecosttodevelopwould
beexcessive.Makethisdecisionforeachindividualitemof
disclosure.

83
Y-NA-NM REF
Disclosure checklist 2009 – Section D1
S
e
c
t
i
o
n

D



A
d
d
i
t
i
o
n
a
l

d
i
s
c
l
o
s
u
r
e
s

r
e
q
u
i
r
e
d

o
f

l
i
s
t
e
d

e
n
t
i
t
i
e
s
IFRS8p30 2. Where there has been a change in the composition of the
entity’sreportablesegmentsandsegmentinformationforearlier
periods,includinginterimperiods,isnotrestated,theentity
shalldiscloseintheyearinwhichthechangeoccurssegment
information for the current period on both the old basis and the
newbasisofsegmentation(unlessthenecessaryinformationis
notavailableandthecosttodevelopitwouldbeexcessive).
6. Entity-widedisclosures
IFRS8p31 1. Providethefollowinginformationifitisnotprovidedaspartof
the reportable segment information.
IFRS8p32 (a)therevenuesfromexternalcustomersforeachproductand
service,oreachgroupofsimilarproductsandservices,
unlesstheinformationisnotavailableandthecostto
developitwouldbeexcessive,inwhichcase,disclosethat
fact.
(b)theamountsoftherevenuesarebasedontherevenueper
thefnancialstatements.
IFRS8p33(a), 2. Providethefollowinggeographicalinformation,unlessthe
(b) necessaryinformationisnotavailableandthecosttodevelopit
wouldbeexcessive(ifthisisthecase,disclosethisfact):
(a) revenuesforexternalcustomerssplitbetweenthose
attributabletotheentity’scountryofdomicileandallforeign
countriesintotalfromwhichtheentityderivesrevenues.
Disclosethebasisforattributingrevenuesfromexternal
customerstoindividualcountries;Ifrevenuesfromexternal
customersattributedtoanindividualforeigncountryare
materialthoserevenuesshouldbedisclosedseparately;
and
(b) non-currentassets(otherthanfnancialinstruments,
deferredtaxassets,post-employmentbeneftassetsand
rightsarisingunderinsurancecontracts)splitbetween
thoselocatedintheentity’scountryofdomicileandthose
locatedinallforeigncountriesintotalinwhichtheentity
holdsassets.Ifassetsinanindividualforeigncountryare
material,disclosethoseassetsseparately.
The amounts of the assets and revenues are based on the
amounts per the fnancial statements. An entity may provide, in
addition to this information, subtotals of geographical
information about groups of countries.
IFRS8p34 3. Provideinformationabouttheextentoftheentity’sreliance
onitsmajorcustomers.Ifrevenuesfromtransactionswitha
singleexternalcustomerare10%ormoreoftheentity’s
revenues,disclosethatfact,alongwiththetotalamountsof
revenuesfromeachsuchcustomerandtheidentityofthe
segmentsreportingtherevenues.
The entity need not disclose the identity of a major customer
or the amount of revenues that each segment reports from
that customer. A group of entities (or government – national,,
state, provincial, territorial, local, foreign) under common control
shall be considered a single customer.
7. OtherdisclosuresimpactedbytheearlyadoptionofIFRS8
IFRS5p41(d) 1. Non-currentassetsheldforsale.Discloseintheperiodinwhich
anon-currentasset(ordisposalgroup)hasbeeneither
classifedasheldforsaleorsold,thereportablesegmentin
whichthenon-currentasset(ordisposalgroup)ispresented.
7p50(d) 2. Statementofcashfows.An entity is encouraged, but not
required, to disclose the amount of cash fows arising from the
operating, investing and fnancing activities of each reportable
segment.

Y-NA-NM
84
REF
Disclosurechecklist2009–SectionsD1-D2
S
e
c
t
i
o
n

D



A
d
d
i
t
i
o
n
a
l

d
i
s
c
l
o
s
u
r
e
s

r
e
q
u
i
r
e
d

o
f

l
i
s
t
e
d

e
n
t
i
t
i
e
s
36p129 3. Impairment.Anentitythatreportssegmentinformationin
accordancewithIFRS8disclosesthefollowingforeach
reportable segment:
(a) theamountofimpairmentlossesrecognisedinproftorloss
anddirectlyinequityduringtheperiod;and
(b) theamountofreversalsofimpairmentlossesrecognisedin
proftorlossanddirectlyinequityduringtheperiod.
36p130(c),(i), 4. Discloseforeachmaterialimpairmentlossrecognisedor
(ii) reversedduringtheperiodforanindividualasset,including
goodwill,oracash-generatingunit:
(a) foranindividualasset:
(i) thenatureoftheasset;and
(ii) iftheentityreportssegmentinformationinaccordance
withIFRS8,thereportablesegmenttowhichtheasset
belongs;and
IFRS5p41(d) (b) foracash-generatingunit:
(i) adescriptionofthecash-generatingunit(suchas
whetheritisaproductline,aplant,abusiness
operation,ageographicalarea,orareportablesegment
asdefnedinIFRS8);and
(ii) theamountofimpairmentlossrecognisedorreversed
byclassofassetsand,iftheentityreportssegment
informationinaccordancewithIFRS8,byreportable
segment.

D2 Earnings per share
33p2,3 1. An entity that discloses earnings per share should calculate
anddiscloseearningspershareinaccordancewithIAS33.
Earningspersharedisclosuresarerequiredforentitieswhose
ordinary shares or potential ordinary shares are publicly traded
and for entities that are in the process of issuing ordinary shares
or potential ordinary shares in public markets.
33p66 2. Present on the face of the income statement basic and diluted
earningspershareforproftorlossfromcontinuingoperations
attributabletotheordinaryequityholdersoftheparententity,
andforproftorlossattributabletotheordinaryequityholders
of the parent entity for the period for each class of ordinary
sharesthathasadifferentrighttoshareinproftfortheperiod.
Presentbasicanddilutedearningspersharewithequal
prominence for all periods presented.
33p67 3. Presentearningspershareforeveryperiodforwhichanincome
statement is presented. If diluted earnings per share is reported
foratleastoneperiod,itshouldbereportedforallperiods
presented,evenifitequalsbasicearningspershare.Ifbasic
anddilutedearningspershareareequal,dualpresentationcan
beachievedinonelineonthefaceoftheincomestatement.
33p68 4. Anentitythatreportsadiscontinuingoperationshoulddisclose
the basic and diluted amounts per share for the discontinuing
operation either on the face of the income statement or in the
notestothefnancialstatements.
33p69 5. Presentbasicanddilutedearningspershare,evenifthe
amountsarenegative(alosspershare).
6. Disclose:
33p70(a) (a)theamountsusedasthenumeratorsincalculatingbasic
anddilutedearningspershare,andareconciliationofthose
amountstoproftorlossattributabletotheparententityfor
theperiod.Thereconciliationshouldincludetheindividual
effect of each class of instruments that affects earnings per
share;
85
Y-NA-NM REF
Disclosure checklist 2009 – Section D2
S
e
c
t
i
o
n

D



A
d
d
i
t
i
o
n
a
l

d
i
s
c
l
o
s
u
r
e
s

r
e
q
u
i
r
e
d

o
f

l
i
s
t
e
d

e
n
t
i
t
i
e
s
33p70(b) (b)theweightedaveragenumberofordinarysharesusedas
the denominator in calculating basic and diluted earnings
pershare,andareconciliationofthesedenominatorsto
eachother.Thereconciliationshouldincludetheindividual
effect of each class of instruments that affects earnings per
share;and
33p70(c) (c)instruments(includingcontingentlyissuableshares)that
could potentially dilute basic earnings per share in the
future,butwerenotincludedinthecalculationofdiluted
earningspersharebecausetheyareantidilutiveforthe
period(s)presented.
33p70(d) 7. Provideadescriptionofordinarysharetransactionsorpotential
ordinarysharetransactions,otherthanthoseaccountedfor
inaccordancewithIAS33para64,thatoccurafterthebalance
sheetdateandthatwouldhavechangedsignifcantlythe
number of ordinary shares or potential ordinary shares
outstanding at the end of the period if those transactions had
occurred before the end of the reporting period. Examples are
provided in IAS 33 para 71.
33p72 8. Financialinstrumentsgeneratingpotentialordinarysharesmay
incorporate terms and conditions that affect the measurement
of basic and diluted earnings per share. These terms and
conditionsmaydeterminewhetheranypotentialordinaryshares
aredilutiveand,ifso,theeffectontheweightedaverage
numberofsharesoutstandingandanyconsequentadjustments
toproftorlossattributabletoequityholders.Thedisclosureof
thetermsandconditionsofsuchfnancialinstrumentsand
othercontractsisencouraged,ifnototherwiserequired(referto
IFRS7).
33p73 9. Ifanentitydiscloses,inadditiontobasicanddilutedearnings
pershare,amountspershareusingareportedcomponent
oftheincomestatementotherthanonerequiredbyIAS33,
calculatesuchamountsusingtheweightedaveragenumber
ofordinarysharesdeterminedinaccordancewiththisstandard.
Disclose basic and diluted amounts per share relating to such
acomponentwithequalprominenceandpresentinthenotes
tothefnancialstatements.Indicatethebasisonwhichthe
numerator(s)is(are)determined,includingwhetheramounts
per share are before tax or after tax. If a component of the
income statement is used that is not reported as a line item in
theincomestatement,provideareconciliationbetweenthe
component used and the line item that is reported in the
income statement.
87
S
e
c
t
i
o
n

E

D
i
s
c
l
o
s
u
r
e
s

f
o
r

i
s
s
u
e
r
s

o
f

i
n
s
u
r
a
n
c
e

c
o
n
t
r
a
c
t
s
Disclosure checklist 2009
Section E
Additionaldisclosuresrequiredofentitiesthatissue
insurance contracts
89
Y-NA-NM REF
S
e
c
t
i
o
n

E

D
i
s
c
l
o
s
u
r
e
s

f
o
r

i
s
s
u
e
r
s

o
f

i
n
s
u
r
a
n
c
e

c
o
n
t
r
a
c
t
s
Disclosurechecklist2009–SectionE
E Additional disclosures required of entities that issue
insurance contracts
IFRS4p36 1. Discloseinformationthatidentifesandexplainstheamountsin
itsfnancialstatementsarisingfrominsurancecontracts.
Discloseatleastthefollowing:
IFRS4p37 (a)accountingpoliciesforinsurancecontractsandrelated
assets,liabilities,incomeandexpense;
(b)therecognisedassets,liabilities,incomeandexpense(and,
iftheinsurerpresentscashfowstatementusingthedirect
method,cashfows)arisingfrominsurancecontracts.Ifthe
insurerisacedant,itshoulddisclose:
(i) gainsandlossesrecognisedinproftorlossonbuying
reinsurance;and
(ii) ifthecedantdefersandamortisesgainsandlosses
arisingonbuyingreinsurance,theamortisationforthe
period and the amounts remaining unamortised at the
beginningandendoftheperiod;
(c)theprocessusedtodeterminetheassumptionsthathave
the greatest effect on the measurement of the recognised
amountsdescribedin(b)above;whenpracticable,also
providequantifeddisclosureofthoseassumptions;
(d)theeffectofchangesinassumptionsusedtomeasure
insuranceassetsandinsuranceliabilities,showing
separately the effect of each change that has a material
effectonthefnancialstatements;and
(e)reconciliationsofchangesininsuranceliabilities,
reinsuranceassetsand,relateddeferredacquisitioncosts,
if any.
IFRS4p38 2. Discloseinformationthatenablesusersofitsfnancial
statementstoevaluatethenatureandextentofrisksarising
frominsurancecontracts.Discloseatleastthefollowing:
IFRS4p39 (a) objectives,policiesandprocessesformanagingrisksarising
from insurance contracts and the methods used to manage
thoserisks;
(b) [deletedbythestandard];
(c)informationaboutinsurancerisk(bothbeforeandafterrisk
mitigationbyreinsurance),includinginformationabout:
(i) sensitivitytoinsurancerisk(seeIFRS4para39A)of
proftorlossandequitytochangesinvariablesthat
haveamaterialeffectonthem;
(ii) concentrationsofinsurancerisk,includingadescription
ofhowmanagementdeterminesconcentrationsanda
descriptionofthesharedcharacteristicthatidentifes
eachconcentration(forexample,typeofinsuredevent,
geographicalarea,orcurrency);
(iii)actualclaimscomparedwithpreviousestimates(claims
development).Thedisclosureaboutclaimsdevelopment
shallgobacktotheperiodwhentheearliestmaterial
claimaroseforwhichthereisstilluncertaintyabout
theamountandtimingoftheclaimspayments,butneed
not go back more than 10 years. An insurer need not
disclosethisinformationforclaimsforwhichuncertainty
about the amount and timing of claims payments is
typicallyresolvedwithinoneyear;
(d)informationaboutcreditrisk,liquidityriskandmarketrisk
thatIFRS7paras31-42wouldrequireiftheinsurance
contractswerewithinthescopeofIFRS7:
(i) aninsurerneednotprovidethematurityanalysis
requiredbyIFRS7para39(a)ifitdisclosesinformation
abouttheestimatedtimingofthenetcashoutfows
resulting from recognised insurance liabilities instead.
Thismaytaketheformofananalysis,byestimated
timing,oftheamountsrecognisedinthebalancesheet;
and
Y-NA-NM
90
REF
Disclosurechecklist2009–SectionE
(ii) ifaninsurerusesanalternativemethodtomanage
sensitivitytomarketconditions,suchasanembedded
valueanalysis,itmayusethatsensitivityanalysisto
meettherequirementinparagraph40(a)ofIFRS7
para40(a).Suchaninsurershouldalsoprovidethe
disclosuresrequiredbyIFRS7para41;and
(e) informationaboutexposurestomarketriskarisingfrom
embeddedderivativescontainedinahostinsurance
contractiftheinsurerisnotrequiredto,anddoesnot,
measuretheembeddedderivativesatfairvalue.
3. TocomplywithIFRS4para39(c)(i),discloseeither:
(a) asensitivityanalysisthatshowshowproftorlossand
equitywouldhavebeenaffectedhadchangesinthe
relevantriskvariablethatwerereasonablypossibleatthe
balancesheetdateoccurred;themethodsandassumptions
usedinpreparingthesensitivityanalysis;andanychanges
fromthepreviousperiodinthemethodsandassumptions
used.However,ifaninsurerusesanalternativemethod
tomanagesensitivitytomarketconditions,suchasan
embeddedvalueanalysis,itmaymeetthisrequirement
bydisclosingthatalternativesensitivityanalysisandthe
disclosuresrequiredbyparagraph41ofIFRS7;or
(b) qualitativeinformationaboutsensitivity,andinformation
about those terms and conditions of insurance contracts
thathaveamaterialeffectontheamount,timingand
uncertaintyoftheinsurer’sfuturecashfows.
IFRS7p30 4. Somefnancialassetsandfnancialliabilitiescontaina
discretionaryparticipationfeatureasdescribedinIFRS4.Ifan
entitycannotmeasurereliablythefairvalueofthat
feature,disclosethatfacttogetherwithadescriptionofthe
contract,itscarryingamount,anexplanationofwhyfairvalue
cannotbemeasuredreliably,informationaboutthemarket
fortheinstrument,informationaboutwhetherandhowthe
entityintendstodisposeoftheinstrumentand,iffnancial
instrumentswhosefairvaluepreviouslycouldnotbereliably
measuredarederecognised,thatfact,theircarryingamountat
thetimeofderecognition,andtheamountofgainorloss
recognised.
Applying the liability adequacy test (IFRS 4 paras 15-19) to
such comparative information may be impracticable, but it is
unlikely to be impracticable to apply other requirements of
IFRS 4 paras 10-35 to such comparative information. IAS 8
explains the term ‘impracticable’.
IFRS4p44 5. InapplyingIFRS4para39(c)(iii)–disclosureofactualclaims
comparedwithpreviousestimates–anentityneednotdisclose
informationaboutclaimsdevelopmentthatoccurredearlier
thanfveyearsbeforetheendofthefrstfnancialyearinwhich
itappliesIFRS4.
6. Ifitisimpracticable,whenanentityfrstappliesIFRS4,to
prepareinformationaboutclaimsdevelopmentthatoccurred
beforethebeginningoftheearliestperiodforwhichanentity
presentsfullcomparativeinformationthatcomplieswithIFRS4,
disclose that fact.
39p103B, Amendments to IAS 39 and IFRS 4, ‘Financial guarantee
IFRS4p41A contracts’, was issued in August 2005. A new defnition of
fnancial guarantee contracts was added in IAS 39 and IFRS 4.
The disclosure requirements for fnancial guarantees are
included in Section A8.11.
S
e
c
t
i
o
n

E

D
i
s
c
l
o
s
u
r
e
s

f
o
r

i
s
s
u
e
r
s

o
f

i
n
s
u
r
a
n
c
e

c
o
n
t
r
a
c
t
s
91
Disclosure checklist 2009
Section F
Disclosuresrequiredforretirementbeneftplans
S
e
c
t
i
o
n

F



D
i
s
c
l
o
s
u
r
e
s


r
e
q
u
i
r
e
d

f
o
r

r
e
t
i
r
e
m
e
n
t

b
e
n
e
f
t

p
l
a
n
s
93
95
Y-NA-NM REF
S
e
c
t
i
o
n

F



D
i
s
c
l
o
s
u
r
e
s


r
e
q
u
i
r
e
d

f
o
r

r
e
t
i
r
e
m
e
n
t

b
e
n
e
f
t

p
l
a
n
s
Disclosure checklist 2009 – Section F
F Disclosures required for retirement beneft plans
26p13 1. Includeinthereportprovidedbyadefnedcontributionplan:
(a)astatementofnetassetsavailableforbenefts;and(b)a
description of the funding policy.
26p17, 35(d) 2. Includeinthereportofadefnedbeneftplaneither:
(a)astatementthatshows:
(i) thenetassetsavailableforbenefts;
(ii) theactuarialpresentvalueofpromisedretirement
benefts,distinguishingbetweenvestedbeneftsand
non-vestedbenefts;and
(iii)theresultingexcessordefcit;or
(b)astatementofnetassetsavailableforbeneftsincluding
either:
(i) anotedisclosingtheactuarialpresentvalueofpromised
retirementbenefts,distinguishingbetweenvested
beneftsandnon-vestedbenefts;or
(ii) areferencetothisinformationinanaccompanying
actuarial report.
26p35(a) 3. Discloseinthestatementofnetassetsavailableforbenefts:
(a)assetsatperiodend,suitablyclassifed;
(b)basisofvaluationofassets;
(c)detailsofanysingleinvestmentexceeding5%ofnetassets
availableforbenefts,or5%ofanyclassortypeofsecurity;
(d)detailsofanyinvestmentintheemployer;and
(e)liabilitiesotherthantheactuarialpresentvalueofpromised
retirementbenefts.
26p34(a) 4. Thereportofaretirementbeneftplan,whetherdefnedbeneft
26p35(b) ordefnedcontribution,shouldalsocontainthefollowing
information:
(a)statementofchangesinnetassetsavailableforbenefts,
including:
(i) employercontributions;
(ii) employeecontributions;
(iii) investmentincome(forexample,interestand
dividends);
(iv) otherincome;
(v) beneftspaidorpayable(analysed,forexample,as
retirement,deathanddisabilitybenefts,andlump-sum
payments);
(vi) administrativeexpenses;
(vii)otherexpenses;
(viii)taxesonincome;
(ix) proftsandlossesondisposalofinvestments;
(x) changesinvalueofinvestments;and
(xi) transfersfromandtootherplans;
26p13, 35(c) (b)adescriptionofthefundingpolicy;
26p34(b) (c)asummaryofsignifcantaccountingpolicies;
26p36, 34(c) (d)adescriptionoftheplan,whichmayincludethefollowing
details and the affect o f any changes during the period:
(i) namesofemployers;
(ii) employeegroupscovered;
(iii) numberofparticipantsreceivingbenefts;
(iv) numberofotherparticipants(classifedasappropriate);
(v) typeofplan(defnedcontributionordefnedbeneft);
(vi) whetherparticipantscontributetotheplan;
(vii)descriptionofretirementbeneftspromisedto
participants;
(viii)descriptionofanyplanterminationterms;and
(ix) changesintheaboveitemsduringtheperiodcovered
bythereport;and
26p32 (e)forplaninvestmentsforwhichanestimateoffairvalueis
notpossible,thereasonwhyfairvalueisnotused.
IAS 26 paras 16, 22 and 36 provide guidance on disclosures.
Y-NA-NM
96
REF
Disclosure checklist 2009 – Section F
26p35(e) 5. Fordefnedbeneftplans,disclosethefollowing:
(a)signifcantactuarialassumptionsmade;
26p17 (b)dateofthemostrecentactuarialvaluation;
26p35(e) (c)themethodusedtocalculatepresentvalueofpromised
retirementbenefts;
26p18 (d)theeffectofanychangesinactuarialassumptionsthathave
hadasignifcanteffectontheactuarialpresentvalueof
promisedretirementbenefts;and
26p19 (e)anexplanationoftherelationshipbetweentheactuarial
presentvalueofpromisedretirementbeneftsandthenet
assetsavailableforbenefts.


S
e
c
t
i
o
n

F



D
i
s
c
l
o
s
u
r
e
s


r
e
q
u
i
r
e
d

f
o
r

r
e
t
i
r
e
m
e
n
t

b
e
n
e
f
t

p
l
a
n
s
97
Disclosure checklist 2009
Section G
Suggesteddisclosuresforfnancialreviewoutside
thefnancialstatements
S
e
c
t
i
o
n

G



D
i
s
l
c
o
s
u
r
e
s


o
u
t
s
i
d
e

o
f

f
n
a
n
c
i
a
l

s
t
a
t
e
m
e
n
t
s
99
Y-NA-NM REF
S
e
c
t
i
o
n

G



D
i
s
l
c
o
s
u
r
e
s


o
u
t
s
i
d
e

o
f

f
n
a
n
c
i
a
l

s
t
a
t
e
m
e
n
t
s
G Suggested disclosures for fnancial review outside
the fnancial statements
DV, 1p13 1. Outsidethefnancialstatements–provideareviewof:
(a)themainfactorsandinfuencesdeterminingperformance,
includingchangesintheenvironmentinwhichtheentity
operates,theentity’sresponsetothosechangesand
theireffect,andtheentity’spolicyforinvestmenttomaintain
andenhanceperformance,includingitsdividendpolicy;
(b)thesourcesoffundinganditstargetedratioofliabilitiesto
equity;and
(c)theentity’sresourcesnotrecognisedinthebalancesheetin
accordancewithIFRS.
DV, 1p14 2. Outsidethefnancialstatements,provideenvironmentalreports,
value-addedstatements,etc,ifmanagementbelievesthesewill
assist users in making economic decisions.
IFRSdoesnotaddresstherequirementsforinformationtobe
includedinadirectors’reportorfnancialcommentary.
Theserequirementsaregenerallydeterminedbylocallaws
andregulations.Companiesmaypresent,outsidethefnancial
statements,afnancialreviewbymanagementthatdescribes
andexplainsthemainfeaturesoftheentity’sfnancial
performanceandfnancialpositionandtheprincipal
uncertainties it faces.
IOSCO’s standard on operating and fnancing reviews for
prospectuses
In 1998, IOSCO issued ‘International Disclosure Standards
for Cross-Border Offerings and Initial Listings for Foreign
Issuers’, comprising recommended disclosure standards
including an operating and fnancial review and discussion of
future prospects. IOSCO standards for prospectuses are
not mandatory, but they will increasingly be incorporated in
national stock exchange requirements both for prospectuses
and annual reports. The text of IOSCO’s standard on ‘Operating
and Financial Reviews and Prospects’ is reproduced below:
Discussthecompany’sfnancialcondition,changesinfnancial
condition and results of operations for each year and interim
periodforwhichfnancialstatementsarerequired,includingthe
causesofmaterialchangesfromyeartoyearinfnancial
statementlineitems,totheextentnecessaryforan
understandingofthecompany’sbusinessasawhole.
Informationprovidedalsoshouldrelatetoallseparate
segmentsofthecompany.Providetheinformationspecifed
belowaswellassuchotherinformationthatisnecessaryfor
aninvestor’sunderstandingofthecompany’sfnancial
condition,changesinfnancialconditionandresultsof
operation.
1. Operating Results.Provideinformationregardingsignifcant
factors,includingunusualorinfrequenteventsornew
developments,materiallyaffectingthecompany’sincome
fromoperations,indicatingtheextenttowhichincomewasso
affected.Describeanyothersignifcantcomponentofrevenue
orexpensesnecessarytounderstandthecompany’sresultsof
operations.
(a)Totheextentthatthefnancialstatementsdisclosematerial
changesinnetsalesorrevenues,provideanarrative
discussionoftheextenttowhichsuchchangesare
attributable to changes in prices or to changes in the
volumeoramountofproductsorservicesbeingsoldorto
theintroductionofnewproductsorservices.
(b)Describetheimpactofinfation,ifmaterial.Ifthecurrencyin
whichfnancialstatementsarepresentedisofacountry
thathasexperiencedhyperinfation,theexistenceofsuch
Disclosure checklist 2009 – Section G
Y-NA-NM
100
REF
Disclosure checklist 2009 – Section G
infation,afveyearhistoryoftheannualrateofinfationand
adiscussionoftheimpactofhyperinfationonthe
company’sbusinessshouldbedisclosed.
(c)Provideinformationregardingtheimpactofforeigncurrency
fuctuationsonthecompany,ifmaterial,andtheextentto
whichforeigncurrencynetinvestmentsarehedgedby
currencyborrowingsandotherhedginginstruments.
(d)Provideinformationregardinganygovernmentaleconomic,
fscal,monetaryorpoliticalpoliciesorfactorsthathave
materiallyaffected,orcouldmateriallyaffect,directly
orindirectly,thecompany’soperationsorinvestmentsby
host country shareholders.
2. LiquidityandCapitalResources.Thefollowinginformation
shouldbeprovided:
(a)Informationregardingthecompany’sliquidity(bothshort
andlongterm),including:
(i) adescriptionoftheinternalandexternalsourcesof
liquidityandabriefdiscussionofanymaterialunused
sourcesofliquidity.Includeastatementbythecompany
that,initsopinion,theworkingcapitalissuffcientfor
thecompany’spresentrequirements,or,ifnot,how
itproposestoprovidetheadditionalworkingcapital
needed;
(ii) anevaluationofthesourcesandamountsofthe
company’scashfows,includingthenatureandextent
of any legal or economic restrictions on the ability of
subsidiaries to transfer funds to the company in the
formofcashdividends,loansoradvancesandthe
impactsuchrestrictionshavehadorareexpectedto
haveontheabilityofthecompanytomeetitscash
obligations;and
(iii)informationonthelevelofborrowingsattheendofthe
periodunderreview,theseasonalityofborrowing
requirementsandthematurityprofleofborrowingsand
committedborrowingfacilities,withadescriptionofany
restrictions on their use.
(b) Informationregardingthetypeoffnancialinstrumentsused,
thematurityprofleofdebt,currencyandinterestrate
structure. The discussion also should include funding
andtreasurypoliciesandobjectivesintermsofthemanner
inwhichtreasuryactivitiesarecontrolled,thecurrenciesin
whichcashandcashequivalentsareheld,theextent
towhichborrowingsareatfxedrates,andtheuseof
fnancialinstrumentsforhedgingpurposes.
(c) Informationregardingthecompany’smaterialcommitments
forcapitalexpendituresasoftheendofthelatestfnancial
yearandanysubsequentinterimperiodandanindication
of the general purpose of such commitments and the
anticipatedsourcesoffundsneededtofulflsuch
commitments.
3. ResearchandDevelopment,PatentsandLicensesetc.Provide
adescriptionofthecompany’sresearchanddevelopment
policiesforthelastthreeyears,whereitissignifcant,including
theamountspentduringeachofthelastthreefnancialyears
oncompany-sponsoredresearchanddevelopmentactivities.
4. Trend Information. The company should identify the most
signifcantrecenttrendsinproduction,salesandinventory,the
state of the order book and costs and selling prices since the
latestfnancialyear.Thecompanyalsoshoulddiscuss,forat
leastthecurrentfnancialyear,anyknowntrends,
uncertainties,demands,commitmentsoreventsthatare
reasonablylikelytohaveamaterialeffectonthecompany’s
netsalesorrevenues,incomefromcontinuingoperations,
proftability,liquidityorcapitalresources,orthatwould
causereportedfnancialinformationnotnecessarilytobe
indicativeoffutureoperatingresultsorfnancialcondition.
S
e
c
t
i
o
n

G



D
i
s
l
c
o
s
u
r
e
s


o
u
t
s
i
d
e

o
f

f
n
a
n
c
i
a
l

s
t
a
t
e
m
e
n
t
s
101
S
e
c
t
i
o
n

H

E
a
r
l
y
-
a
d
o
p
t
i
o
n

d
i
s
c
l
o
s
u
r
e
s
Disclosure checklist 2009
Section H
Disclosuresrequiredofentitiesthatearlyadopt
IFRSseffectiveforannualperiods
beginningafter1July2009
103
Y-NA-NM REF
Disclosurechecklist2009–SectionH1
H1 IFRS 3 Amendment, Business combinations
and consequential amendments
1. General disclosures
IFRS3p59 1. Theacquirerdisclosesinformationthatenablesusersofits
fnancialstatementstoevaluatethenatureandfnancialeffect
of a business combination that occurs either:
IFRS3p59 (a) (a)duringthecurrentreportingperiod;or
IFRS3p59 (b) (b)aftertheendofthereportingperiodbutbeforethefnancial
statements are authorised for issue.
IFRS3p60 2. TomeettheobjectiveinIFRS3para59,theacquirerdiscloses
theinformationspecifedinparasB64-B66.
IFRS3pB64 3. Foreachbusinesscombinationthattookeffectduringthe
reportingperiod,disclose:
IFRS3pB64(a) (a)thenameandadescriptionoftheacquiree
IFRS3pB64(b) (b)theacquisitiondate;
IFRS3pB64(c) (c)thepercentageofvotingequityinterestsacquired;
IFRS3pB64(d) (d)theprimaryreasonsforthebusinesscombinationanda
descriptionofhowtheacquirerobtainedcontrolofthe
acquiree;
IFRS3pB64(e) (e)aqualitativedescriptionofthefactorsthatmakeupthe
goodwillrecognised,suchasexpectedsynergiesfrom
combiningoperationsoftheacquireeandtheacquirer,and
intangibleassetsthatdonotqualifyforseparaterecognition
orotherfactors;
IFRS3pB64(f) (f) theacquisition-datefairvalueofthetotalconsideration
transferredandtheacquisition-datefairvalueofeachmajor
classofconsideration,suchas:
IFRS3pB64(f)(i) (i) cash;
IFRS3pB64(f)(ii) (ii) othertangibleorintangibleassets,includingabusiness
orsubsidiaryoftheacquirer;
IFRS3pB64(f)(iii) (iii)liabilitiesincurred−forexample,aliabilityforcontingent
consideration;and
IFRS3pB64(f)(iv) (iv)equityinterestsoftheacquirer,includingthenumber
of instruments or interests issued or issuable and
themethodofdeterminingthefairvalueofthose
instruments or interests.
IFRS3pB64(g) (g)forcontingentconsiderationarrangementsand
indemnifcationassets:
IFRS3pB64(g)(i) (i) theamountrecognisedasoftheacquisitiondate;
IFRS3pB64(g)(ii) (ii) adescriptionofthearrangementandthebasisfor
determiningtheamountofthepayment;and
IFRS3pB64(g)(iii) (iii)anestimateoftherangeofoutcomes(undiscounted)
or,ifarangecannotbeestimated,thatfactandthe
reasonswhyarangecannotbeestimated.Ifthe
maximumamountofthepaymentisunlimited,the
acquirerdisclosesthatfact;
IFRS3pB64(h) (h)foracquiredreceivables:
IFRS3pB64(h)(i) (i) thefairvalueofthereceivables;
IFRS3pB64(h)(ii) (ii) thegrosscontractualamountsreceivable;and
IFRS3pB64(h)(iii) (iii)thebestestimateattheacquisitiondateofthe
contractualcashfowsnotexpectedtobecollected.
The disclosures should be provided by major class of
receivable, such as loans, direct fnance leases and any
other class of receivables.
IFRS3pB64(i) (i) theamountsrecognisedasoftheacquisitiondateforeach
majorclassofassetsacquiredandliabilitiesassumed.
IFRS3pB64(j) (j) foreachcontingentliabilityrecognisedinaccordance
withIFRS3para23,theinformationrequiredinIFRS3
para85ofIAS37,‘Provisions,contingentliabilitiesand
contingentassets’.Ifacontingentliabilityisnotrecognised
becauseitsfairvaluecannotbemeasuredreliably,the
acquirerdiscloses:
IFRS3pB64(j)(i) (i) theinformationrequiredbyparagraph86ofIAS37;
S
e
c
t
i
o
n

H

E
a
r
l
y
-
a
d
o
p
t
i
o
n

d
i
s
c
l
o
s
u
r
e
s
Y-NA-NM
104
REF
Disclosurechecklist2009–SectionH1
IFRS3pB64(j)(ii) (ii) thereasonswhytheliabilitycannotbemeasured
reliably (refer to Section A5.16 for detailed IAS 37
para 85 disclosure requirements and to Section A5.23
for detailed IAS 37 para 86 disclosure requirements); and
IFRS3pB64(k) (k)thetotalamountofgoodwillthatisexpectedtobe
deductiblefortaxpurposes;
IFRS3pB64(l) (l) fortransactionsthatarerecognisedseparatelyfromthe
acquisitionofassetsandassumptionofliabilitiesinthe
businesscombinationinaccordancewithIFRS3para51:
IFRS3pB64(l)(i) (i) adescriptionofeachtransaction;
IFRS3pB64(l)(ii) (ii) howtheacquireraccountedforeachtransaction;
IFRS3pB64(l)(iii) (iii)theamountsrecognisedforeachtransactionandthe
lineiteminthefnancialstatementsinwhicheach
amountisrecognised;and
IFRS3pB64(l)(iv) (iv)ifthetransactionistheeffectivesettlementofapre-
existingrelationship,themethodusedtodeterminethe
settlementamount;
IFRS3pB64(m) (m)thedisclosureofseparatelyrecognisedtransactions
requiredbyIFRS3p64(l)includestheamountof
acquisition-relatedcostsand,separately,theamount
of those costs recognised as an expense and the line item
oritemsinthestatementofcomprehensiveincomeinwhich
those expenses are recognised. Also disclose the amount of
anyissuecostsnotrecognisedasanexpenseandhowthey
wererecognised;
IFRS3pB64(n) (n)inabargainpurchase(seeIFRS3paras34–36):
IFRS3pB64(n)(i) (i) theamountofanygainrecognisedinaccordancewith
IFRS3para34andthelineiteminthestatementof
comprehensiveincomeinwhichthegainisrecognised;
and
IFRS3pB64(n) (ii) (ii) adescriptionofthereasonswhythetransaction
resultedinagain;
IFRS3pB64(o) (o)foreachbusinesscombinationinwhichtheacquirerholds
lessthan100%oftheequityinterestsintheacquireeatthe
acquisitiondate:
IFRS3pB64(o)(i) (i) theamountofthenon-controllinginterestinthe
acquireerecognisedattheacquisitiondateandthe
measurementbasisforthatamount;and
IFRS3pB64(o)(ii) (ii) foreachnon-controllinginterestinanacquiree
measuredatfairvalue,thevaluationtechniquesand
keymodelinputsusedfordeterminingthatvalue;
IFRS3pB64(p) (p) inabusinesscombinationachievedinstages:
IFRS3pB64(p)(i) (i) theacquisition-datefairvalueoftheequityinterestin
theacquireeheldbytheacquirerimmediatelybefore
theacquisitiondate;and
IFRS3pB64(p)(ii) (ii) theamountofanygainorlossrecognisedasaresult
ofremeasuringtofairvaluetheequityinterestthein
acquireeheldbytheacquirerbeforethebusiness
combination(seeIFRS3para42)andthelineitemin
thestatementofcomprehensiveincomeinwhichthat
gainorlossisrecognised;and
IFRS3pB64(q) (q)thefollowinginformation:
IFRS3pB64(q)(i) (i) theamountsofrevenueandproftorlossofthe
acquireesincetheacquisitiondateincludedinthe
consolidatedstatementofcomprehensiveincomefor
thereportingperiod;and
IFRS3pB64(q)(ii) (ii) therevenueandproftorlossofthecombinedentity
for the current reporting period as though the
acquisitiondateforallbusinesscombinationsthat
occurred during the year had been as of the beginning
of the annual reporting period.
IFRS3pB64 4. Ifdisclosureofanyoftheinformationrequiredbythis
subparagraphisimpracticable,theacquirerdisclosesthat
factandexplainswhythedisclosureisimpracticable.IFRS3
usestheterm‘impracticable’withthesamemeaningasin
IAS8,‘Accountingpolicies,changesinaccountingestimates
anderrors’.
S
e
c
t
i
o
n

H

E
a
r
l
y
-
a
d
o
p
t
i
o
n

d
i
s
c
l
o
s
u
r
e
s
105
Y-NA-NM REF
Disclosurechecklist2009–SectionH1
IFRS3pB65 5. Forindividuallyimmaterialbusinesscombinationsoccurring
duringthereportingperiodthatarematerialcollectively,the
acquirerdisclosesinaggregatetheinformationrequiredby
paragraphB64(e)-(q).
IFRS3pB66 6. Iftheacquisitiondateofabusinesscombinationisafterthe
endofthereportingperiodbutbeforethefnancialstatements
areauthorisedforissue,theacquirerdisclosestheinformation
requiredbyIFRS3paraB64unlesstheinitialaccountingfor
the business combination is incomplete at the time the
fnancialstatementsareauthorisedforissue.Inthatsituation,
theacquirerdescribeswhichdisclosurescouldnotbemade
andthereasonswhytheycannotbemade.
2. Adjustments
IFRS3p61 1. Theacquirerdisclosesinformationthatenablesusersofits
fnancialstatementstoevaluatethefnancialeffectsof
adjustmentsrecognisedinthecurrentreportingperiodthat
relate to business combinations that occurred in the period or
previousreportingperiods.
3. Measurementperiod
IFRS3p62 1. TomeettheobjectiveinIFRS3para61,theacquirerdiscloses
theinformationspecifedinIFRS3paraB67.
IFRS3pB67 2. Tomeettheobjectiveinparagraph61,theacquirerdiscloses
thefollowinginformationforeachmaterialbusiness
combinationorintheaggregateforindividuallyimmaterial
businesscombinationsthatarematerialcollectively:
IFRS3pB67(a) (a)iftheinitialaccountingforabusinesscombinationis
incomplete(seeIFRS3para45)forparticularassets,
liabilities,non-controllinginterestsoritemsofconsideration
andtheamountsrecognisedinthefnancialstatementsfor
thebusinesscombinationhavebeendeterminedonly
provisionally:
IFRS3pB67 (i) thereasonswhytheinitialaccountingforthebusiness
(a)(i), (ii) combinationisincomplete;
(ii) theassets,liabilities,equityinterestsoritemsof
considerationforwhichtheinitialaccountingis
incomplete;and
IFRS3pB67(a)(iii) (iii)thenatureandamountofanymeasurementperiod
adjustmentsrecognisedduringthereportingperiodin
accordancewithIFRS3para49.
4. Contingentconsideration
IFRS3pB67(b) 1. Foreachreportingperiodaftertheacquisitiondateuntilthe
entitycollects,sellsorotherwiselosestherightto
acontingentconsiderationasset,oruntiltheentitysettlesa
contingent consideration liability or the liability is cancelled
or expires:
IFRS3pB67(b)(i) (a) anychangesintherecognisedamounts,includingany
differencesarisinguponsettlement;
IFRS3pB67(b)(ii) (b) anychangesintherangeofoutcomes(undiscounted)
andthereasonsforthosechanges;and
IFRS3pB67(b)(iii) (c) thevaluationtechniquesandkeymodelinputsusedto
measure contingent consideration.
5. Contingent liabilities
IFRS3pB67(c) 1. For contingent liabilities recognised in a business
combination,theacquirerdisclosestheinformationrequired
byIAS37paras84and85foreachclassofprovision;
Refer to Section A5.16 for detailed IAS 37 para 84 and para 85
disclosure requirements.
S
e
c
t
i
o
n

H

E
a
r
l
y
-
a
d
o
p
t
i
o
n

d
i
s
c
l
o
s
u
r
e
s
Y-NA-NM
106
REF
Disclosurechecklist2009–SectionH1
6. Goodwill
IFRS3pB67 1. Discloseareconciliationofthecarryingamountofgoodwill
(d) atthebeginningandendofthereportingperiodshowing
separately:
IFRS3pB67 (a) thegrossamountandaccumulatedimpairmentlosses
(d)(i) atthebeginningofthereportingperiod;
IFRS3pB67 (b) additionalgoodwillrecognisedduringthereporting
(d)(ii) period,exceptgoodwillincludedinadisposalgroup
that,onacquisition,meetsthecriteriatobeclassifed
asheldforsaleinaccordancewith‘IFRS5,Non-current
assetsheldforsaleanddiscontinuedoperations’;
IFRS3pB67 (c) adjustmentsresultingfromthesubsequentrecognition
(d)(iii) of deferred tax assets during the reporting period in
accordancewithIFRS3para67;
IFRS3pB67 (d) goodwillincludedinadisposalgroupclassifedasheld
(d)(iv) forsaleinaccordancewithIFRS5andgoodwill
derecognisedduringthereportingperiodwithout
havingpreviouslybeenincludedinadisposalgroup
classifedasheldforsale;
IFRS3pB67 (e) impairmentlossesrecognisedduringthereporting
(d)(v) periodinaccordancewithIAS36(IAS36requires
disclosureofinformationabouttherecoverable
amountandimpairmentofgoodwillinadditiontothis
requirement);
IFRS3pB67 (f) netexchangeratedifferencesarisingduringthe
(d)(vi) reportingperiodinaccordancewithIAS21,‘Theeffects
ofchangesinforeignexchangerates’;and
IFRS3pB67 (g) anyotherchangesinthecarryingamountduringthe
(d)(vii) reportingperiod;
IFRS3pB67 (h) thegrossamountandaccumulatedimpairmentlosses
(d)(viii) at the end of the reporting period.
36p133 2. Ifanyportionofthegoodwillrecognisedinabusiness
combination during the period has not been allocated to a
cash-generatingunit(groupofunits)atthereportingdate
(seeIAS36para84),disclosetheamountoftheunallocated
goodwilltogetherwiththereasonswhythatamountremains
unallocated.
7. Evaluationofthefnancialeffectsofgainsandlosses
recognised in the current reporting period
IFRS3pB67 (e) 1. Disclose the amount and an explanation of any gain or loss
recognised in the current reporting period that both:
IFRS3pB67 (e)(i) (a)relatestotheidentifableassetsacquiredorliabilities
assumedinabusinesscombinationthatwaseffected
inthecurrentorpreviousreportingperiod;and
IFRS3pB67 (e)(ii) (b)isofsuchasize,natureorincidencethatdisclosureis
relevanttounderstandingthecombinedentity’s
fnancialstatements.
IFRS3p63 2. IfthespecifcdisclosuresrequiredbythisandotherIFRSs
donotmeettheobjectivessetoutinIFRS3paras59and61,
theacquirerdiscloseswhateveradditionalinformationis
necessarytomeetthoseobjectives.
8. Early-adoptiondisclosure
IFRS3p64 3. Applythestandardprospectivelytobusinesscombinations
forwhichtheacquisitiondateisonorafterthebeginningof
thefrstannualreportingperiodbeginningonorafter1July
2009.Earlierapplicationispermitted.However,thisIFRSis
applied only at the beginning of an annual reporting period that
beginsonorafter30June2007.IfanentityappliesthisIFRS
before1July2009,disclosethatfactandapplyIAS27(as
amendedin2008)atthesametime.
S
e
c
t
i
o
n

H

E
a
r
l
y
-
a
d
o
p
t
i
o
n

d
i
s
c
l
o
s
u
r
e
s
107
Y-NA-NM REF
Disclosurechecklist2009–SectionsH1-H2
9. Other disclosures impacted by the early adoption of
IFRS3Incometaxes
12p81(h) 1. Disclose separately:
(a) Inrespectofdiscontinuedoperations,thetaxrelatingto:
(i) thegainorlossondiscontinuance;and
(ii) theproftorlossfromtheordinaryactivitiesofthe
discontinuedoperationfortheperiod,togetherwiththe
correspondingamountsforeachpriorperiodpresented;
12p81(h) (b) Theamountofincometaxconsequencesofdividendsto
shareholdersthatwereproposedordeclaredbeforethe
fnancialstatementswereauthorisedforissue,butarenot
recognisedasaliabilityinthefnancialstatements;
12p81(h) (c)Ifabusinesscombinationinwhichtheentityistheacquirer
causesachangeintheamountrecognisesforitspre-
acquisitiondeferredtaxasset(seeIAS12para67),the
amountofthatchange;and
12p81(h) (d)Ifthedeferredtaxbeneftsacquiredinabusiness
combinationarenotrecognisedattheacquisitiondatebut
arerecognisedaftertheacquisitiondate(seeIAS12
para68),adescriptionoftheeventorchangein
circumstancesthatcausedthedeferredtaxbeneftstobe
recognised.

H2 IAS 27 Amendment, Consolidated and separate
fnancial statements
1. Subsidiaries
27p41(a), (b), Disclosethefollowingintheconsolidatedfnancialstatements:
(c) (a)thenatureoftherelationshipbetweentheparentand
asubsidiarywhentheparentdoesnotown,directlyor
indirectlythroughsubsidiaries,morethanhalfofthevoting
power;
(b)thereasonswhytheownership,directlyorindirectlythrough
subsidiaries,ofmorethanhalfofthevotingorpotential
votingpowerofaninvesteedoesnotconstitutecontrol;
(c)theendofthereportingperiodofthefnancialstatements
ofasubsidiarywhensuchfnancialstatementsareused
toprepareconsolidatedfnancialstatementsandareas
of a date or for a period that is different from that of the
parent’sfnancialstatements,andthereasonforusinga
differentdateorperiod;
27p41(d) (d)thenatureandextentofanysignifcantrestrictions
(egresultingfromborrowingarrangementsorregulatory
requirements)ontheabilityofsubsidiariestotransferfunds
totheparentintheformofcashdividendsortorepayloans
oradvances;
27p41(e) (e)aschedulethatshowstheeffectsofanychangesina
parent’sownershipinterestinasubsidiarythatdonotresult
inalossofcontrolontheequityattributabletoownersof
theparent;and
27p41(f),(i),(ii) (f) ifcontrolofasubsidiaryislost,theparentshalldisclosethe
gainorloss,ifany,recognisedinaccordancewith
paragraph34;
(g)theportionofthatgainorlossattributabletorecognising
anyinvestmentretainedintheformersubsidiaryatitsfair
valueatthedatewhencontrolislost;and
(h)thelineitem(s)inthestatementofcomprehensiveincome
inwhichthegainorlossisrecognised(ifnotpresented
separatelyinthestatementofcomprehensiveincome).
S
e
c
t
i
o
n

H

E
a
r
l
y
-
a
d
o
p
t
i
o
n

d
i
s
c
l
o
s
u
r
e
s
Y-NA-NM
108
REF
Disclosurechecklist2009–SectionH2
2. Separatefnancialstatements
27p42 1. Whenseparatefnancialstatementsarepreparedfora
parentthat,inaccordancewithIAS27para10,electsnotto
prepareconsolidatedfnancialstatements,discloseinthe
separatefnancialstatements:
27p42 (a) (a) thefactthatthefnancialstatementsareseparatefnancial
statements;thattheexemptionfromconsolidationhasbeen
used;thenameandcountryofincorporationorresidence
oftheentitywhoseconsolidatedfnancialstatementsthat
complywithIFRShavebeenproducedforpublicuse;
andtheaddresswherethoseconsolidatedfnancial
statementsareobtainable;
27p42 (b) (b) alistofsignifcantinvestmentsinsubsidiaries,jointly
controlledentitiesandassociates,includingthename,
countryofincorporationorresidence,proportionof
ownershipinterestand,ifdifferent,proportionofvoting
powerheld;and
27p42 (c) (c) adescriptionofthemethodusedtoaccountforthe
investmentslistedunder(b).
27p43 2. Whenaparent(otherthanaparentcoveredbyIAS27
para42),venturerwithaninterestinajointlycontrolledentity
oraninvestorinanassociatepreparesseparatefnancial
statements,discloseinthoseseparatefnancialstatements:
27p43 (a) (a)thefactthatthestatementsareseparatefnancial
statementsandthereasonswhythosestatementsare
preparedifnotrequiredbylaw;
27p43 (b) (b)alistofsignifcantinvestmentsinsubsidiaries,jointly
controlledentitiesandassociates,includingthename,
countryofincorporationorresidence,proportionof
ownershipinterestand,ifdifferent,proportionofvoting
powerheld;and
27p43 (c) (c)adescriptionofthemethodusedtoaccountforthe
investmentslistedunder(b);
27p43 Alsoidentifythefnancialstatementspreparedinaccordance
withIAS27para9,orIAS28andIAS31towhichtheyrelate.
3. Otherdisclosures–accountingpolicies
27p42(c) 1. Discloseintheparent’sseparatefnancialstatements(that
electsnottoprepareconsolidatedfnancialstatements)the
accountingpoliciesadoptedwithrespecttotheinvestments
listedunderIAS27para42(b).
27p43 (c) 2. Discloseintheparent’sseparatefnancialstatementsthe
accountingpoliciesadoptedwithrespecttotheinvestments
listedunderIAS27para43(b)
27p27 3. Presentnon-controllinginterestsintheconsolidatedstatement
offnancialpositionwithinequity,separatelyfromtheequityof
theownersoftheparent
4. Transition disclosures
27p45 1. TheamendmentstoIAS27madein2008applyforannual
periodsbeginningonorafter1July2009.Earlierapplication
ispermitted.However,anentityshouldnotapplythese
amendmentsforannualperiodsbeginningbefore1July
2009unlessitalsoappliesIFRS3(asrevisedin2008).Ifan
entityappliestheamendmentsbefore1July2009,disclose
thatfact.Theamendmentsapplyretrospectively,withthe
followingexceptions:
27p45 (a) (a)theamendmenttoIAS27para28forattributingtotal
comprehensiveincometotheownersoftheparentandto
thenon-controllinginterests,evenifthisresultsinthenon-
controllinginterestshavingadefcitbalance.Donot
S
e
c
t
i
o
n

H

E
a
r
l
y
-
a
d
o
p
t
i
o
n

d
i
s
c
l
o
s
u
r
e
s
109
Y-NA-NM REF
Disclosurechecklist2009–SectionH2
thereforerestateanyproftorlossattributionforreporting
periodsbeforetheamendmentisapplied;
27p45 (b) (b)therequirementsinIAS27paras30and31foraccounting
forchangesinownershipinterestsinasubsidiaryafter
controlisobtained.Therefore,therequirementsinparas
30and31donotapplytochangesthatoccurredbeforean
entityappliestheamendments;and
27p45 (c) (c)therequirementsinIAS27paras34-37forthelossof
control of a subsidiary. Do not restate the carrying amount
ofaninvestmentinaformersubsidiaryifcontrolwaslost
beforeitappliesthoseamendments.Inaddition,donot
recalculate any gain or loss on the loss of control of a
subsidiary that occurred before the amendments are
applied.
5. Other disclosures impacted by the early adoption of IAS 27
(a) Non-currentassetsheldforsale–presentingincomefrom
continuing and discontinued operations
IFRS5p 33 (d) 1. Disclose the amount of income from continuing operations
andfromdiscontinuedoperationsattributabletoownersof
the parent. These disclosures may be presented either in the
notesorinthestatementofcomprehensiveincome.
(b) Statementofcashfows–changesinownershipinterestsin
subsidiaries and other businesses
7p39 1. Discloseseparatelytheaggregatecashfowsarisingfrom
obtainingorlosingcontrolofsubsidiariesorotherbusinesses,
andclassifythecashfowsasinvestingactivities.
7p40(a), (b), 2. Disclose,inaggregate,inrespectofbothobtainingandlosing
(c), (d) control of subsidiaries or other businesses during the period
eachofthefollowing:
(a) thetotalconsiderationpaidorreceived;
(b) theportionoftheconsiderationconsistingofcashandcash
equivalents;
(c) theamountofcashandcashequivalentsinthesubsidiaries;
or
(d) otherbusinessesoverwhichcontrolisobtainedorlost;and
theamountoftheassetsandliabilities,otherthancashor
cashequivalents,inthesubsidiariesorotherbusinesses
overwhichcontrolisobtainedorlost,summarisedbyeach
majorcategory.
(c) Informationtobepresentedinthestatementoffnancial
position
1p54(q) 1. Asaminimumthestatementoffnancialpositionincludesnon-
controllinginterest,presentedwithinequity.
(d) Changesinequity
1p106(a) 1. Presentastatementofchangesinequityshowinginthe
statement:
(a) totalcomprehensiveincomefortheperiod,showing
separately the total amounts attributable to
(i) ownersoftheparent;and
(ii) non-controllinginterests;
1p106(b) (b) foreachcomponentofequity,theeffectsofretrospective
applicationorretrospectiverestatementrecognisedin
accordancewithIAS8;and
1p106 (d) (c) foreachcomponentofequity,areconciliationbetween
carryingamountatthebeginningandtheendoftheperiod,
separately disclosing changes resulting from:
(i) proftorloss;
(ii) eachitemofothercomprehensiveincome;and
(iii) transactionswithownersintheircapacityasowners,
showingseparatelycontributionsbyanddistributions
S
e
c
t
i
o
n

H

E
a
r
l
y
-
a
d
o
p
t
i
o
n

d
i
s
c
l
o
s
u
r
e
s
Y-NA-NM
110
REF
Disclosurechecklist2009–SectionsH2-H4
toownersandchangesinownershipinterestsin
subsidiaries that do not result in a loss of control
(e) Informationtobepresentedinthestatementof
comprehensiveincome
1p83(a) 1. Discloseinthestatementofcomprehensiveincomeas
allocations for the period:
(a) proftorlossattributableto:
(i) non-controllinginterest;and
(ii) ownersoftheparent;and
1p83(b) (b) totalcomprehensiveincomefortheperiodattributableto:
(i) non-controllinginterest;and
(ii) ownersoftheparent.

H3 Amendments to IFRS 5 Non-current assets held for
sale and discontinued operations
Early adoption
TheamendmenttoIFRS5asaresultofthe‘Improvementsto
IFRSs2008’iseffectiveforannualperiodsbeginningonor
after1July2009.Earlyapplicationispermittedprovided
thatIAS27(2008)isappliedatthesametime.Ifanentity
appliestheIFRS5amendmentsbefore1July2009,discloses
that fact.
IFRSp36A Presenting discontinued operations
Anentitythatiscommittedtoasaleplaninvolvingthelossof
controlofasubsidiarydisclosestheinformationrequiredby
IFRS5paras33and36whenthesubsidiaryisadisposalgroup
thatmeetsthedefnitionofadiscontinuedoperationin
accordancewithIFRS5para32).

H4 IFRIC 17, Distributions of non-cash assets to owners

IFRIC17p18 1. IFRIC17,‘Distributionsofnon-cashassetstoowners’,
publishedin2008,providesguidanceondistributionsofnon-
cashassetstoowners,anddistributionsinwhichtheowner
isgiventhechoiceofreceivingeithernon-cashassetsora
cashalternative.IFRIC17isappliedprospectivelyforannual
periodsbeginningonorafter1July2009,withearlyapplication
permittedprovidedthatIFRS3(revised),IAS27(revised)and
the related amendments to IFRS 5 are applied at the same time.
Retrospectiveapplicationisnotpermitted.
IFRIC17p15 2. Whenanentitysettlesadividendpayable,presentany
differencebetweenthecarryingamountoftheassets
distributedandthecarryingamountofthedividendpayableas
aseparatelineiteminproftorloss.
IFRIC17p16 3. Fordistributionsdisclose:
IFRIC17p16(a) (a) thecarryingamountofthedividendpayableatthe
beginningandendoftheperiod;and
IFRIC17p16(b) (b) theincreaseordecreaseinthecarryingamountrecognised
intheperiodasaresultofthechangeinthefairvalueofthe
assets to be distributed.
IFRIC17p17 4. Iftheentitydeclaresadividendtodistributeanon-cashasset
aftertheendofareportingperiodbutbeforethefnancial
statementsareauthorisedforissue,disclose:
(a) thenatureoftheassettobedistributed;
(b) thecarryingamountoftheassettobedistributedasofthe
endofthereportingperiod;and
(c) whetherfairvaluesaredetermined,inwholeorinpart,
directlybyreferencetopublishedpricequotationsinan
activemarketorareestimatedusingavaluationtechnique
andthemethodusedtodeterminefairvalueand,whena
valuationtechniqueisused,theassumptionsapplied.
S
e
c
t
i
o
n

H

E
a
r
l
y
-
a
d
o
p
t
i
o
n

d
i
s
c
l
o
s
u
r
e
s
111
Y-NA-NM REF
Disclosurechecklist2009–SectionsH5-H6
H5 IFRIC 18, Transfers of Assets from Customers
Early adoption
IFRIC18p22 IFRIC18,‘TransfersofAssetsfromCustomers’,publishedin
2009,providesguidanceontransfersofproperty,plantand
equipment(orcashtoacquireit)forentitiesthatreceivesuch
contributionsfromtheircustomers.IFRIC18isapplied
prospectivelytotransfersofassetsfromcustomersreceived
onorafter1July2009;earlierapplicationispermitted,provided
thatthenecessaryvaluationsandotherinformationwere
obtained at the time those transfers occurred. An entity
disclosesthedatefromwhichtheinterpretationwasapplied.s.
H6 Improvements to IFRS 2009
(annual improvements project)
1. IFRS5,Non-currentassetsheldforsaleanddiscontinued
operations
IFRS5p5B Presenting non-current assets held for sale and
discontinued operations
Anentitywithnon-currentassets(ordisposalgroups)classifed
as held for sale or discontinued operations applies the
disclosurerequirementsofIFRS5.DisclosuresinotherIFRSs
donotapplytosuchassets(ordisposalgroups)unlessthose
IFRSsrequire:
(a)specifcdisclosuresinrespectofnon-currentassets(or
disposalgroups)classifedasheldforsaleordiscontinued
operations;or
(b)disclosuresaboutmeasurementofassetsandliabilities
withinadisposalgroupthatarenotwithinthescopeof
themeasurementrequirementofIFRS5andsuch
disclosuresarenotalreadyprovidedinothernotestothe
fnancialstatements.
2. IFRS8,Operatingsegments
IFRS8 Operating segments information about proft or loss,
assets and liabilities
1. Disclosethemeasureofproftorlossforeachreportable
segment.
2. Disclose the measure of total assets and liabilities for
each reportable segment if such amounts are regularly
providedtothechiefoperatingdecisionmaker.
S
e
c
t
i
o
n

H

E
a
r
l
y
-
a
d
o
p
t
i
o
n

d
i
s
c
l
o
s
u
r
e
s
IFRS Disclosure checklist 2009 is designed for the information of readers. While every effort has been
made to ensure accuracy, information contained in this publication may not be comprehensive or may
have been omitted that may be relevant to a particular reader. In particular, this checklist is not intended
as a study of all aspects of IFRS, or as a substitute for reading the standards and interpretations when
dealing with specifc issues. No responsibility for loss to any person acting or refraining from acting as a
result of any material in this checklist can be accepted by PricewaterhouseCoopers. Recipients should
not act on the basis of this checklist without seeking professional advice.
112
Presentation of income under IFRS
Trends in use and presentation of
non-GAAP income measures in IFRS
financial statements.
IFRS: The European investors’ view
Impact of IFRS reporting on fund
managers’ perceptions of value and their
investment decisions.
Joining the dots – survey of narrative
reporting practices
Survey of the quality of narrative reporting
among FTSE 350 companies, identifying
where action is needed in the next reporting
cycle for companies to gain a competitive
edge and help restore trust in this tough
economic environment.
Recasting the reporting model
Survey of corporate entities and investors,
and PwC insights on how to simplify and
enhance communications.
Measuring assets and liabilities
Survey of investment professionals, looking
at their use of the balance sheet in analysing
performance and the measurement bases
for assets and liabilities that best suit
their needs.
Performance statement: coming
together to shape the future
2007 survey of what investment
professionals and corporate management
require to assess performance.
Corporate reporting: is it what
investment professionals expect?
Survey looking at the information that
companies provide, and whether investors
and analysts have the information they need
to assess corporate performance.
IFRS 7: Potential impact of
market risks
Examples of how market risks can
be calculated.
The EU Transparency Directive
Guidance for listed companies required
to implement the EU’s new Transparency
Directive rules relating to periodic reporting
requirements.
© 2009 PricewaterhouseCoopers. All rights reserved. PricewaterhouseCoopers refers to the network of member firms
of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.
PricewaterhouseCoopers’ IFRS and corporate governance publications and tools 2009 PricewaterhouseCoopers’ IFRS and corporate governance publications and tools 2009
IFRS technical publications IFRS surveys and market issues
Corporate governance publications
Audit Committees – Good Practices for Meeting
Market Expectations
Provides PwC views on good practice and summarises
audit committee requirements in over 40 countries.
IFRS for SMEs – pocket guide 2009
Provides a summary of the recognition and measurement
requirements in the ‘IFRS for small and medium-sized
entities’ published by the International Accounting
Standards Board in July 2009.
Similarities and differences – a comparison of ‘full
IFRS’ and IFRS for SMEs
60-page publication comparing the requirements of the
IFRS for small and medium-sized entities with ‘full IFRS’
issued up to July 2009. An executive summary outlines
some key differences that have implications beyond the
entity’s reporting function.
Comperio – Your path to knowledge
On-line library of global financial reporting and
assurance literature. Contains full text of financial
reporting standards of US GAAP and IFRS, plus
materials of specific relevance to 10 other territories.
Register for a free trial at www.pwccomperio.com
P2P IFRS – from principle to practice
Interactive IFRS training
PwC’s interactive electronic learning tool brings you
up to speed on IFRS. Contains 23 hours of learning
in 40 interactive modules. Up to date as of March
2009. For more information, visit www.pwc.com/ifrs
PwC inform – IFRS on-line
On-line resource for finance professionals globally,
covering financial reporting under IFRS (and UK
GAAP). Use PwC inform to access the latest news,
PwC guidance, comprehensive research materials
and full text of the standards. The search function
and intuitive layout enable users to access all they
need for reporting under IFRS. Register for a free trial
at www.pwcinform.com
IFRS pocket guide 2009
Provides a summary of the IFRS recognition and
measurement requirements. Including currencies,
assets, liabilities, equity, income, expenses, business
combinations and interim financial statements.
IFRS news
Monthly newsletter focusing on the business implications
of the IASB’s proposals and new standards. Subscribe by
emailing corporatereporting@uk.pwc.com.
Illustrative interim nancial information for
existing preparers
Illustrative information, prepared in accordance with
IAS 34, for a fictional existing IFRS preparer. Includes a
disclosure checklist and IAS 34 application guidance.
Reflects standards issued up to 31 March 2009.
Illustrative IFRS corporate consolidated nancial
statements for 2009 year ends
Illustrative set of consolidated financial statements for an
existing preparer of IFRS. Includes an appendix showing
example disclosures under IFRS 3 (revised).
Included with Manual of accounting – IFRS 2010; also
available separately.
Illustrative consolidated nancial statements
º lnvestment property, 2009
º Pr|vate equ|ty, 2009
º Bank|ng, 2009
º lnsuranoe, 2009
º lnvestment funds, 2009
Realistic sets of financial statements – for existing IFRS
preparers in the above sectors – illustrating the required
disclosure and presentation.
Making sense of a complex world: IFRIC 13 –
Customer loyalty programmes
Considers the accounting and practical implications
for telecom operators that arise from the guidance in
IFRIC 13, ‘Customer loyalty programmes’. Contact
global.ifrs.publications@uk.pwc.com for hard copies.
Questions and answers on impairment of non-
nancial assets in the current crisis
Provides practical guidance on impairment indicators
to look out for, timing of impairment tests, suggestions
on how to do an impairment test in volatile markets and
what disclosures are critical to the market and regulators
in the current environment.
Segment reporting – an opportunity to explain
the business
Six-page flyer explaining high-level issues for
management to consider when applying IFRS 8, including
how the standard will change reporting and what
investors want to see.
Top 10 tips for impairment testing
The current economic slowdown will increase the
likelihood that impairment charges will need to be
taken and appropriate disclosures made. Each tip is
accompanied by an explanation or illustrative example.
Manual of accounting – Financial instruments 2010
Comprehensive guidance on all aspects of the
requirements for financial instruments accounting.
Detailed explanations illustrated through worked
examples and extracts from company reports.
Included with Manual of accounting – IFRS 2010; also
available separately.
World Watch magazine
Global magazine with news and opinion articles on
the latest developments and trends in governance,
financial reporting, narrative reporting, sustainability and
assurance.
IFRS for SMEs – Illustrative consolidated nancial
statements 2010
Realistic set of financial statements prepared under IFRS
for small and medium entities, illustrating the required
disclosure and presentation.
IFRS for SMEs publications
IFRS tools
Hard copies can be ordered from cch.co.uk/ifrsbooks (unless indicated otherwise) or via your local
PricewaterhouseCoopers office. See the full range of our services at www.pwc.com/ifrs
About PricewaterhouseCoopers
PricewaterhouseCoopers provides industry-focused assurance, tax, and advisory services to build public trust and enhance value for its clients and
their stakeholders. More than 155,000 people in 153 countries across our network share their thinking, experience and solutions to develop fresh
perspectives and practical advice.
Contacting PricewaterhouseCoopers
Please contact your local PricewaterhouseCoopers office to discuss how we can help you make the change to International Financial Reporting
Standards or with technical queries.
Manual of accounting – IFRS 2010
Global guide to IFRS providing comprehensive practical
guidance on how to prepare financial statements in
accordance with IFRS. Includes hundreds of worked
examples and extracts from company reports. The
Manual is a three-volume set comprising:
º Manual of accounting – IFRS 2010
º Manual of accounting – Financial instruments 2010
º Illustrative IFRS corporate consolidated financial
statements for 2009 year ends
A practical guide to capitalisation of
borrowing costs
Guidance in question and answer format addressing
the challenges of applying IAS 23R, including how to
treat specific versus general borrowings, when to start
capitalisation and whether the scope exemptions are
mandatory or optional.
A practical guide to new IFRSs for 2009
40-page guide providing high-level outline of the
key requirements of new IFRSs effective in 2009, in
question and answer format.
A practical guide to segment reporting
Provides an overview of the key requirements of
IFRS 8, ‘Operating segments’ and some points to
consider as entities prepare for the application of
this standard for the first time. See also ‘Segment
reporting – an opportunity to explain the business’
below.
A practical guide to share-based payments
Answers the questions we have been asked
by entities and includes practical examples to
help management draw similarities between the
requirements in the standard and their own share-
based payment arrangements. November 2008.
Preparing your rst IFRS nancial
statements: Adopting IFRS
Outlines how companies should address the process
of selecting their new IFRS accounting policies and
applying the guidance in IFRS 1. Provides specific
considerations for US market.
Financial instruments under IFRS – A guide
through the maze
High-level summary of IAS 32, IAS 39 and IFRS 7,
updated in June 2009. For existing IFRS preparers
and first-time adopters.
IAS 39 – Achieving hedge accounting
in practice
Covers in detail the practical issues in achieving
hedge accounting under IAS 39. It provides answers to
frequently asked questions and step-by-step illustrations
of how to apply common hedging strategies.
IAS 39 – Derecognition of nancial assets
in practice
Explains the requirements of IAS 39, providing
answers to frequently asked questions and detailed
illustrations of how to apply the requirements to
traditional and innovative structures.
IFRS 3R: Impact on earnings – the crucial Q&A
for decision-makers
Guide aimed at finance directors, financial controllers
and deal-makers, providing background to the
standard, impact on the financial statements and
controls, and summary differences with US GAAP.
IFRS disclosure checklist 2009
Outlines the disclosures required by all IFRSs
published up to October 2009
Only available in electronic format.
To download visit www.pwc.com/ifrs
7mm spine
7mm spine
0910-PwC-04 Master cover inner 153x240 duo (v15) inc 7mm spine.indd 1-2 20/10/09 11:03:09 PM
www.pwc.com/ifrs
IFRS disclosure
checklist 2009
I
F
R
S

d
i
s
c
l
o
s
u
r
e

c
h
e
c
k
l
i
s
t

2
0
0
9
UP/GCR092-B19001
19954_Disclosure C'List_15mm.indd 1 20/10/2009 11:57:41

PricewaterhouseCoopers’ IFRS and corporate governance publications and tools 2009
IFRS technical publications
Manual of accounting – IFRS 2010 IFRS pocket guide 2009
Global guide to IFRS providing comprehensive practical guidance on how to prepare financial statements in accordance with IFRS. Includes hundreds of worked examples and extracts from company reports. The Manual is a three-volume set comprising:
Manual of accounting – IFRS 2010 Manual of accounting – Financial instruments 2010 Illustrative IFRS corporate consolidated financial statements for 2009 year ends

Provides a summary of the IFRS recognition and measurement requirements. Including currencies, assets, liabilities, equity, income, expenses, business combinations and interim financial statements.

IFRS news

A practical guide to capitalisation of borrowing costs

Monthly newsletter focusing on the business implications of the IASB’s proposals and new standards. Subscribe by emailing corporatereporting@uk.pwc.com.

Guidance in question and answer format addressing the challenges of applying IAS 23R, including how to treat specific versus general borrowings, when to start capitalisation and whether the scope exemptions are mandatory or optional.

Illustrative interim nancial information for existing preparers

A practical guide to new IFRSs for 2009

40-page guide providing high-level outline of the key requirements of new IFRSs effective in 2009, in question and answer format.

Illustrative information, prepared in accordance with IAS 34, for a fictional existing IFRS preparer. Includes a disclosure checklist and IAS 34 application guidance. Reflects standards issued up to 31 March 2009.

Illustrative IFRS corporate consolidated nancial statements for 2009 year ends A practical guide to segment reporting
Provides an overview of the key requirements of IFRS 8, ‘Operating segments’ and some points to consider as entities prepare for the application of this standard for the first time. See also ‘Segment reporting – an opportunity to explain the business’ below.

Illustrative set of consolidated financial statements for an existing preparer of IFRS. Includes an appendix showing example disclosures under IFRS 3 (revised). Included with Manual of accounting – IFRS 2010; also available separately.

Illustrative consolidated nancial statements

A practical guide to share-based payments
Answers the questions we have been asked by entities and includes practical examples to help management draw similarities between the requirements in the standard and their own sharebased payment arrangements. November 2008. Realistic sets of financial statements – for existing IFRS preparers in the above sectors – illustrating the required disclosure and presentation.

Making sense of a complex world: IFRIC 13 – Customer loyalty programmes
Considers the accounting and practical implications for telecom operators that arise from the guidance in IFRIC 13, ‘Customer loyalty programmes’. Contact global.ifrs.publications@uk.pwc.com for hard copies.

Preparing your rst IFRS nancial statements: Adopting IFRS

Outlines how companies should address the process of selecting their new IFRS accounting policies and applying the guidance in IFRS 1. Provides specific considerations for US market.

Financial instruments under IFRS – A guide through the maze

Questions and answers on impairment of nonnancial assets in the current crisis

High-level summary of IAS 32, IAS 39 and IFRS 7, updated in June 2009. For existing IFRS preparers and first-time adopters.

Provides practical guidance on impairment indicators to look out for, timing of impairment tests, suggestions on how to do an impairment test in volatile markets and what disclosures are critical to the market and regulators in the current environment.

IAS 39 – Achieving hedge accounting in practice

Segment reporting – an opportunity to explain the business

Covers in detail the practical issues in achieving hedge accounting under IAS 39. It provides answers to frequently asked questions and step-by-step illustrations of how to apply common hedging strategies.

Six-page flyer explaining high-level issues for management to consider when applying IFRS 8, including how the standard will change reporting and what investors want to see.

Top 10 tips for impairment testing

IAS 39 – Derecognition of nancial assets in practice

Explains the requirements of IAS 39, providing answers to frequently asked questions and detailed illustrations of how to apply the requirements to traditional and innovative structures.

The current economic slowdown will increase the likelihood that impairment charges will need to be taken and appropriate disclosures made. Each tip is accompanied by an explanation or illustrative example.

Manual of accounting – Financial instruments 2010 IFRS 3R: Impact on earnings – the crucial Q&A for decision-makers
Guide aimed at finance directors, financial controllers and deal-makers, providing background to the standard, impact on the financial statements and controls, and summary differences with US GAAP. Comprehensive guidance on all aspects of the requirements for financial instruments accounting. Detailed explanations illustrated through worked examples and extracts from company reports. Included with Manual of accounting – IFRS 2010; also available separately.

IFRS disclosure checklist 2009

Outlines the disclosures required by all IFRSs published up to October 2009

Only available in electronic format. To download visit www.pwc.com/ifrs

International Financial Reporting Standards – Disclosure checklist 2009

Introduction
The IFRS disclosure checklist has been updated to take into account standards and interpretations amended or issued up to 17 October 2009. The most recently issued standards and interpretations from the IASB and IFRIC included in this checklist are: • • • • • IAS 27 Amendment, ‘Consolidation and separate financial statements’ IFRS 3 Amendment, ‘Business combinations and consequential amendments’ IFRS 7, ‘Financial instruments: Disclosure’ (amendments) IFRIC 17, ‘Distribution of non-cash assets to owners’ IFRIC 18, ‘Transfers of assets from customers’ Application date 1 July 2009* 1 July 2009* 1 January 2009* 1 July 2009* 1 July 2009*

IAS 1 (revised) renames the primary statements and introduces a number of changes to terminology, as explained below. The checklist does not address the measurement and recognition requirements of IFRS; a thorough reading of those standards and interpretations that are relevant to the reporting entity’s circumstances will be necessary. This disclosure checklist does not apply to condensed interim financial statements prepared in accordance with IAS 34, ‘Interim financial reporting’. Disclosure requirements resulting from standards and interpretations that have been issued and are effective for annual periods beginning on or after 1 January 2009 are included in Section A. Section H sets out the disclosure requirements of standards and interpretations in issue at 1 January 2009 and that are effective for annual reporting periods beginning after 1 July 2009. It is possible that standards and interpretations that will be applicable to financial statements for periods beginning on or after 1 January 2009 could be amended. Any such changes and additional requirements will need to be considered when preparing financial statements in accordance with IFRS. This checklist is intended for general reference purposes only; it is not a substitute for reading the standards and interpretations themselves, or for professional judgement as to the fairness of presentation. Further specific information may be required in order to ensure fair presentation under IFRS depending on the circumstances. Additional accounting disclosures may be required in order to comply with local laws, national financial reporting standards and/or stock exchange regulation

Changes made by IAS 1 (revised)
IAS 1 (revised) introduces a number of wording changes and amends a number of references in other IFRS standards and interpretations. Both old and new IAS 1 (revised) terminology is used in this checklist. An entity may use the terminology applied here or any other terminology permitted under IAS 1 (revised). Some of the wording changes introduced in IAS 1 revised are as follows: (a) (b) (c) (d) (e) (f) (g) (h) ‘Income statement’ is amended to ‘statement of comprehensive income’. ‘Balance sheet’ is amended to ‘statement of financial position’. ‘Cash flow statement’ is amended to ‘statement of cash flows’. ‘Balance sheet date’ is amended to ‘end of the reporting period’. ‘Subsequent balance sheet date’ is amended to ‘end of the subsequent reporting period’. ‘Equity holders’ is amended to ‘owners’. References to the current version of IAS 7, ‘Cash flow statements’ are amended to IAS 7, ‘Statement of cash flows’. References to the current version of IAS 10, ‘Events after the balance sheet date’ are amended to ‘IAS 10, Events after the reporting period’.

* Earlier application is permitted (and disclosure of early application is required). Early adopters of these standards should be aware that there may be consequential amendments that affect the disclosure requirements of other standards.

1

• NA (‘Not applicable’) – the item does not apply to the reporting entity. Additional notes and explanations are shown in italics. ‘8p40’ indicates IAS 8 paragraph 40. Additional notes and explanations in the checklist are shown in italics.International Financial Reporting Standards – Disclosure checklist 2009 Section A – General disclosures Structure of disclosure checklist Section A Disclosures for consideration by all entities Section B Disclosures required of all entities but only in certain situations Section C Industry-specific disclosures Section D Additional disclosures required of listed entities Section E Additional disclosures required of entities that issue insurance contracts Section F Additional disclosures required for retirement benefit plans Section G Suggested disclosures for financial review outside the financial statements Section H Disclosures required of entities that early adopt IFRSs effective for annual periods beginning after 1 July 2009 Format of disclosure checklist The disclosure checklist is presented in a format designed to facilitate the collection and review of disclosures for each component of the financial statements. the disclosure. but does not require. Note 7) for all items that have been marked ‘Y’ in the left-hand box. or • NM (‘Not material’) – the item is regarded as not material to the financial statements of the reporting entity. All disclosures have been grouped by subject. The references in the left-hand margin of the checklist represent the paragraphs of the standards in which the disclosure requirements appear – for example. The box in the right-hand margin of each page is designed to assist in completing the checklist. Materiality is defined in IAS 1 paragraph 11 and in paragraphs 29 and 30 of the IASB’s Framework for the Preparation and Presentation of Financial Statements. 2 . IAS 1 paragraph 31 states that a specific disclosure requirement in a standard or an interpretation need not be satisfied if the information is not material. The right-hand box on each page (headed ‘Ref’) can be used to insert a reference to the relevant part of the financial statements (for example. The designation ‘DV’ (disclosure voluntary) indicates that the relevant IFRS encourages. In the left-hand box (headed ‘Y-NA-NM’) one of the following should be entered for each disclosure item: • Y (‘Yes’) – the appropriate disclosure has been made. where appropriate.

Collateral 7. Goodwill and ‘negative goodwill’ 7. Other disclosures Accounting policies 1. Financial assets or financial liabilities at fair value through profit or loss 4. Individual items 3. Lease liabilities 19. Provisions 17. Inventory 13. Categories of financial assets and financial liabilities 3. General disclosures 2. Derecognition 6. Presentation and functional currency 3. Trade and other payables 16. Impairment of assets 8. Defaults and breaches 10. Property.International Financial Reporting Standards – Disclosure checklist 2009 Section A A1 A2 A3 A4 Disclosures for consideration by all entities General disclosures 1. Compound financial instruments with multiple embedded derivatives 9. Other disclosures 3 . Business combinations 2. Individual items Business combinations and disposals 1. Post-employment benefits – defined benefit plans 18. Commitments 23. Disposals Financial instruments 1. Investment property 5. Extraordinary items Statement of changes in equity and related notes 1. Intangible assets (excluding goodwill) 6. Contingencies 24. Specific policies 3. Borrowings and other liabilities 20. Income tax 4. plant and equipment 4. Investments – financial assets 12. Associates 9. Events after the reporting period 5 7 7 8 8 10 10 11 13 15 15 16 19 19 19 19 20 21 21 23 24 24 26 27 27 30 31 32 32 33 31 33 33 34 35 35 38 40 40 42 42 43 44 44 44 45 45 47 47 47 47 48 49 49 50 50 50 50 51 49 A5 A6 A7 A8 Statement of cash flows 1. General presentation 2. Income statement and equity 11. Trade and other receivables 14. General disclosures 2. Related-party transactions 22. Measurement uncertainty 3. Government grants 21. Joint ventures 10. General disclosures 2. Reclassification 5. Subsidiaries 11. Income taxes 15. General disclosures Balance sheet and related notes 1. Changes in accounting policy Statement of comprehensive income and related notes 1. General disclosures 2. General disclosures 2. Statement of changes in equity 2. Allowance account for credit losses 8.

International Financial Reporting Standards – Disclosure checklist 2009 Section A – General disclosures A8 A9 Section B B1 B2 B3 B4 B5 B6 B7 B8 Section C C1 C2 C3 C4 C5 Section D D1 D2 Section E Section F Section G Section H H1 H2 H3 H4 H5 H6 12. Quantitative disclosures 15. Transfers of assets from customers Improvements to IFRS 2009 (annual improvements project) 55 55 55 57 58 59 61 63 63 64 64 64 65 67 71 73 73 75 75 77 79 81 84 87 93 97 101 103 107 110 110 111 111 Intermediate parent company – consolidated financial statements not presented 65 4 . Financial guarantees Non-current assets held for sale and discontinued operations Disclosures required of all entities but only in certain situations Correction of prior-period errors Reporting in the currency of a hyperinflationary economy Uncertainties about going concern Departure from IFRS Change of year-end Share-based payments First-time adoption of IFRS Industry-specific disclosures Construction contracts Agriculture Public service concession arrangements Accounting by a lessor Decommissioning. restoration and environmental rehabilitation funds Additional disclosures required of listed entities Operating segments Earnings per share Additional disclosures required of entities that issue insurance contracts Disclosures required for retirement benefit plans Suggested disclosures for financial review outside the financial statements Disclosures required of entities that early adopt IFRSs effective for annual periods beginning after 1 July 2009 IFRS 3 Amendment. Capital disclosures 16. Business combinations and consequential amendments IAS 27 Amendment. ‘Non-current assets held for sale and discontinued operations IFRIC 17. Distributions of non-cash assets to owners IFRIC 18. Nature and extent of risks arising from financial instruments 13. Consolidated and separate financial statements Amendments to IFRS 5. Qualitative disclosures 14.

Disclosure checklist 2009 Section A Disclosures for consideration by all entities 5 Section A – Disclosures for consideration by all entities .

6 .

include a statement of financial position as at the beginning of the earliest comparative period. Disclose in the notes that the financial statements comply with IFRS. 5. Where a separate income statement is presented.(b). including a summary of significant accounting policies and other explanatory information. using the accrual basis of accounting. and any change in that information from the end of the previous reporting period. except for cash flow information. is presumed to result in financial statements that achieve a fair presentation. (e) a statement of cash flows for the period. Present separately items of a dissimilar nature or function unless they are immaterial. Where an entity applies an accounting policy retrospectively or makes a retrospective restatement of items. 1p51 1p51(a). 1p32 1p16 1p49 8. (c) separate income statement for the period (if presented as a separate statement from the statement of comprehensive income. other events and conditions in accordance with the definitions and recognition criteria for assets.Disclosure checklist 2009 – Section A1 Y-NA-NM REF A1 General disclosures 1. The application of IFRSs. Financial statements should be clearly identified and distinguished from other information in the same published document. Display the following information prominently. income and expenses set out in the ‘Framework for preparation and presentation of financial statements’ (Framework). Include the following components in the financial statements: (c). or reclassifies items in its financial statements. (d) a statement of changes in equity for the period. 9. display immediately before the statement of comprehensive income. An entity prepares its financial statements. and (e) the level of rounding used in presenting amounts in the financial statements.(e) 7 Section A – Disclosures for consideration by all entities .(f) (a) a statement of financial position (balance sheet) at the 1p12 3. Present with equal prominence all of the financial statements. (c). 6. Present separately each material class of similar items. Fair presentation requires the faithful representation of the effects of transactions. 1p27 1p10(a). 10.(d). Assets and liabilities or income and expenses are not offset unless required or permitted by an IFRS.(b). Financial statements should not be described as complying with IFRS unless they comply with all the requirements of IFRS. and repeat where necessary for the information presented to be understood: (a) the name of the reporting entity or other means of identification. (b) whether the financial statements are for an individual entity or a group of entities. Financial statements present fairly the financial position. (d) the presentation currency (defined in IAS 21). 1p10(f) 1p11 1p29 4. 2. and (f) notes. Clearly identify each financial statement and the notes. 7. liabilities.(e). (c) the date of the end of the reporting period or the period covered by the financial statements and notes. (b) a statement of comprehensive income for the period. financial performance and cash flows of an entity.(d). with additional disclosure when necessary. period end date. General disclosures 1p15 1.

and (c) the fact that amounts presented in the financial statements are not entirely comparable. If presenting financial statements or other financial information in a currency that is different from either the functional currency or the presentation currency without applying the translation methods set out in IAS 21 paras 39 and 42: (a) clearly identify the information as supplementary information to distinguish it from the information that complies with IFRS. Where an entity has changed the end of its reporting period and prepares financial statements for a period of less than or more than one year. (b) the information required by IFRSs that is not presented elsewhere in the financial statements.Disclosure checklist 2009 – Section A1 Y-NA-NM 1p31 1p36 (a). When the presentation currency is different from the functional currency. and (c) disclose the entity’s functional currency and the method of translation used to determine the supplementary information. disclose that fact and the reason for the change in functional currency. Other disclosures 1p112(a). An entity sometimes presents its financial statements or other financial information in a currency that is not its functional currency without applying the translation methods set out in IAS 21 paras 39 and 42. an entity whose functional currency is not the currency of a hyperinflationary economy may convert the financial statements into another currency by translating all items at the most recent closing rate. (b) the reason for using a longer or shorter period. An entity need not provide a specific disclosure required by an IFRS if the information is not material. and (c) whether the entity’s owners or others have the power to amend the financial statements after issue. 10p17 12. describe the financial statements as complying with IFRS only if they comply with all the requirements of each applicable standard and each applicable interpretation including the translation method set out in IAS 21 paras 39 and 42. disclose: (a) the period covered by the financial statements. 3. an entity may convert only selected items from its financial statements into another currency. 2. (c) Disclose in the notes: (a) information about the basis of preparation of the financial statements and the specific accounting policies used. 2. Include the following in the notes to the financial statements: (a) the date when the financial statements were authorised for issue. state that fact. When there is a change in the functional currency of either the reporting entity or a significant foreign operation. 1. together with disclosure of the functional currency and the reason for using a different presentation currency. Presentation and functional currency 21p53 1. and 8 . If presenting financial statements in a currency that is different from the functional currency. and the disclosures set out in IAS 21 para 57 are required (see below). (b) the body who gave that authorisation. 3. 4. (b) disclose the currency in which the supplementary information is displayed. Such conversions are not in accordance with IFRS. 21p54 21p55 21p56 21p57 5.(b). or. For example.(b) Section A – Disclosures for consideration by all entities REF 11.

Where an entity applies an accounting policy retrospectively or makes a retrospective restatement of items in its financial statements. (b) the amount of each item or class of item that is reclassified. 4. Notes are normally presented in the following order to assist users to understand the financial statements and to compare them with financial statements of other entities (unless considered necessary or desirable to vary the order): (a) statement of compliance with IFRSs (see IAS 1. two of each of the other statements.16). reclassify comparative amounts unless it is impracticable to do so. the separate income statement (where presented) and in the statements of changes in equity and cash flows to any related information in the notes. (b) the end of the previous period (which is the same as the beginning of the current period). (ii) non-financial disclosures (see IFRS 7). An entity presents statements of financial position as at: (a) the end of the current period. two of each of the other statements. disclose: (a) the nature of the reclassification. 3. and in the statements of changes in equity and of cash flows. as a minimum. except where IFRSs permit or require otherwise. (b) summary of significant accounting policies applied (see IAS 1.Disclosure checklist 2009 – Section A1 Y-NA-NM REF 1p113 2.(b). it presents. including: (i) contingent liabilities (see IAS 37) and unrecognised contractual commitments. Where an entity has reclassified comparative amounts due to a change in presentation or classification of items in its financial statements. Disclose comparative information in respect of the previous period for all amounts reported in the current period’s financial statements. and (c) the beginning of the earliest comparative period. two statements of financial position. and related notes. Notes providing information about the basis of preparation of the financial statements and specific accounting policies may be presented as a separate section of the financial statements.117). 115 1p114(a) 1p114(b) 1p114(c) 1p114(d) 1p116 1p17(c) 1p38 1p39 1p41(a). in the order in which each statement and each line item is presented. (c) supporting information for items presented in the statements of financial position and of comprehensive income. and related notes. 1p114. (c) 9 Section A – Disclosures for consideration by all entities . three statements of financial position. as far as is practicable. When an entity changes the presentation or classification of items in its financial statements. and (c) the reason for the reclassification. other events and conditions on the entity’s financial position and financial performance. An entity disclosing comparative information presents. The notes are given in a systematic manner. as a minimum. This includes comparative information for both narrative and descriptive information where it is relevant to understanding the financial statements for the current period. in the separate income statement (if presented). (c) information that is not presented elsewhere but is relevant to an understanding of the financial statements. and (d) other disclosures. Provide additional disclosures when compliance with the specific requirements in IFRSs is insufficient to enable users to understand the impact of particular transactions. with each item cross-referenced in the statements of financial position and of comprehensive income.

income and expense and operating and investing cash flows arising from the exploration for and evaluation of mineral resources. and the principal uncertainties it faces. (b) a description of the nature of the entity’s operations and its principal activities. apart from those involving estimations that management has made in applying the entity’s accounting policies and that have the most significant impact on the amounts recognised in the financial statements. (e) name of the immediate parent entity (or other controlling shareholder). Where an entity changes the presentation or classification of items. 6. if different from the registered office). Disclose information about the assumptions made about the 1p129 future and other major sources of estimation uncertainty at the end of the reporting period that have a significant risk of leading to material adjustments to the carrying amounts of assets and liabilities within the next financial year. 24p12 24p12 which it is incorporated and the address of its registered office (or principal place of business. and 10 . disclose the name of the next most senior parent that does so. but it is impracticable to reclassify comparative amounts. Disclose the following: (c). Companies with exploration and evaluation activities disclose A2 Accounting policies 1.(b) 1.Disclosure checklist 2009 – Sections A1-A2 Y-NA-NM 1p42 Section A – Disclosures for consideration by all entities REF 1p45 5. the amounts of assets. and (b) the nature of the adjustments that would have been made if the amounts had been reclassified. disclose: (a) their nature. information regarding the length of its life. In respect of those assets and liabilities. the country in 24p12 8. liabilities. Companies may present outside the financial statements a financial review by management that describes and explains the main features of the entity’s financial performance and financial position. (c) the name of the parent and the ultimate parent of the group. (f) name of the ultimate controlling party. 1p125(a). Refer to Section G. 1p138(a).(b) 3. (a) the measurement basis (or bases) used in preparing the financial statements. the judgements. or (b) an IFRS requires a change in presentation. Disclose in the summary of significant accounting policies: 1p22 2.(b). DV IFRS6p24(b) 9. and (b) the other accounting policies used that are relevant to an understanding of the financial statements. General disclosures 1p117(a). 7. disclose: (a) the reason for not reclassifying the amounts. If neither the parent entity nor the ultimate parent entity present financial statements available for public use. and (d) if it is a limited life entity. Retain the presentation and classification of items in the financial statements from one period to the next unless: (a) it is apparent. (d) (a) the domicile and legal form of the entity. that another presentation or classification would be more appropriate having regard to the criteria for the selection and application of accounting policies. following a significant change in the nature of the entity’s operations or a review of its financial statements. Disclose in the summary of significant accounting policies or other notes.

disclose that: (a) it is reasonably possible. 1p131 27p28 4. if the uncertainty remains unresolved. Foreign currency transactions and translation. 6. associates and joint ventures should be consolidated. including the reasons for the sensitivity. 2. 6. whether. Joint ventures. 1p119 16p73 (a)-(c) 40p75 (a)-(e) 11 Section A – Disclosures for consideration by all entities . Inappropriate accounting policies are not rectified either by disclosure of the accounting policies used or by notes or explanatory material. (b) the sensitivity of carrying amounts to the methods. Consolidation principles. Business combinations. (b) the nature and carrying amount of the specific asset or liability (or class of assets or liabilities) affected by the assumption. the straight-line method). that outcomes within the next financial year that are different from the assumption could require a material adjustment to the carrying amount of the asset or liability affected and. or revaluation less subsequent depreciation). 5. the results of all subsidiaries. and in what circumstances. (b) if it applies the fair value model. cost less accumulated depreciation and impairment losses. Disclose: (a) whether the entity applies the fair value model or the cost model. including the method the venturer uses to recognise its interests in jointly controlled entities. (b) depreciation method (for example. Specific policies 1p119 1p119 31p57 Disclosure of the following accounting policies is required: 1. 3. and (b) associates. disclose whether any standards have been adopted by the reporting entity before the effective date . and (c) the useful lives or the depreciation rates used. and (d) an explanation of the changes made to past assumptions concerning those assets and liabilities. (c) the expected resolution of an uncertainty and the range of reasonably possible outcomes within the next financial year in respect of the carrying amounts of the assets and liabilities affected. 4. equity accounted or proportionally consolidated. In consolidated financial statements. on the basis of existing knowledge. 2. plant and equipment – for each class: (a) measurement basis (for example. using uniform accounting policies for like transactions and other events in similar circumstances. as applicable.Disclosure checklist 2009 – Section A2 Y-NA-NM REF (b) their carrying amount as at the period end date. property interests held under operating leases are classified and accounted for as investment property. In accordance with the transition provisions of each standard. assumptions and estimates underling their calculation. 28p26 31p33 8p28 1p18 5. Where impracticable to disclose the extent of the possible effects of an assumption or another source of estimation uncertainty at the end of the reporting period. Examples of the types of disclosures an entity makes are: (a) the nature of the assumption or other estimation uncertainty. including accounting for: (a) subsidiaries. Investment property. Property.

For each class of financial asset. (c) for intangible assets with finite useful lives. for each category of financial assets. IFRS7pB5 IFRS7p21. Treatment of research costs and the basis for capitalisation of development costs and website development costs. financial liability and equity instrument. and (e) the extent to which the fair value of investment property (as measured or disclosed in the financial statements) is based on a valuation by an independent valuer who holds a recognised and relevant professional qualification and has recent experience in the location and category of the investment property being valued. Borrowing costs (for example. (d) the methods and significant assumptions applied in determining the fair value of investment property. including the general principles adopted and the method of applying those principles to transactions. including a statement on whether the determination of fair value was supported by market evidence or was more heavily based on other factors (which should be disclosed) because of the nature of the property and lack of comparable market data. Leases. 1p119 19p120A(a) 12 . (b) the measurement basis applied to financial assets and financial liabilities on initial recognition and subsequently. Other intangible assets. Provide disclosure of all significant accounting policies. other events and conditions arising in the entity’s business. and when to derecognise it. 7. whether regular way purchases and sales of financial assets are accounted for at trade date or at settlement date (IAS 39 para 38). disclose the accounting policies and methods adopted. and (d) for intangible assets with indefinite useful lives. 23p9. revaluation less subsequent amortisation).p29(a) IFRS7p21 8. FIFO or weighted average cost). such disclosure includes: (a) the criteria applied in determining when to recognise a financial asset or financial liability. (b) whether the useful lives are indefinite or finite. for each class (distinguishing between internally generated and acquired assets): (a) accounting treatment (cost less amortisation. Disclose. 10. In the case of financial instruments. Inventories. the criteria the entity uses to distinguish investment property from owner-occupied property and from property held for sale in the ordinary course of business. 1p108 1p119 2p36(a) 11. 14. the straight-line method). including the cost formula used (for example. 9. in very rare cases. Provisions. the amortisation period and amortisation methods used (for example. including the criteria for recognition and the basis of measurement. 12. or. As part of the disclosure of an entity’s accounting policies. and (c) the basis on which income and expenses arising from financial assets and financial liabilities are recognised and measured.Disclosure checklist 2009 – Section A2 Y-NA-NM REF Section A – Disclosures for consideration by all entities 1p119 (c) when classification is difficult. 38p118(a) 38p118(a)(b) 38p108 1p119 1p119. Employee benefit costs – including policy for recognising actuarial gains and losses. expensed or capitalised as part of a qualifying asset). disclose. 13. that they have been tested for impairment annually and whenever there is an indication that the intangible asset may be impaired.

policies and processes.(d). 8p28 13 Section A – Disclosures for consideration by all entities . including: (i) a description of what the entity manages as capital. Changes in accounting policy 1. Exploration and evaluation expenditures including the recognition of exploration and evaluation assets. and (iii) how the entity is meeting its objectives for managing capital. 7p46 1p119 20. 1p119 18p35(a) REF 15. policies and processes for managing capital. including deferred taxes. the consequences of non-compliance. (a)(ii). 102 IFRS6p21. Government grants: (a) accounting policy. provide the disclosures in accordance with the specific transitional provisions of that standard. 19. disclose: (a) the title of the standard or interpretation. Revenue recognition.Disclosure checklist 2009 – Section A2 Y-NA-NM IFRS2p44 1p119 18p35(a). Where a change in accounting policy is made on the adoption of an IFRS. 20p39(a) 1p119 and (b) methods used to measure stage of completion of contracts in progress. 1p119. isclose information that enables users of the financial D statements to evaluate the entity’s objectives. IFRS6p24(b) 36p80. The above disclosure is based on information provided internally to key management personnel. 17. 8p19 3. Construction contracts. including: 11p39(b). (b) that the change in accounting policy is made in accordance with its transitional provisions.(e) 26. (b) summary quantitative data about what the entity manages as capital. On initial application of a relevant standard or interpretation.(a)(iii).(c) (a) methods used to determine contract revenue recognised. when applicable. and (b) the basis for allocation of costs between segments 23. 22. Policy for all assets including the selection of the cash- generating units to allocate the corporate assets and goodwill for the purpose of assessing such assets for impairment cash-generating units or groups of cash-generating units for the purpose of assessing such assets for impairment. Share-based payments. (c) any changes in (a) and (b) compared to the prior period. including: (a) qualitative information about the objectives. 23 25. (b). The method adopted to determine the stage of completion of transactions involving the rendering of services. Segment reporting (required for listed companies): (a) definition of business and geographical segments. 16. and (e) where the entity has not complied with any externally imposed capital requirements. (d) whether the entity has complied with any externally imposed capital requirements during the reporting period. Definition of cash and cash equivalents. Taxes. 21. 1p119. and (b) method of presentation in financial statements. 24. 2. (ii) the nature of any externally imposed capital requirements and how those requirements are incorporated into the management of capital. Policy for allocating exploration and evaluation assets to 1p134 1p135(a)(i). 18.(c).

(d) the amount of the adjustment relating to periods before those presented. and (ii) if IAS 33 applies to the entity. when applicable. 8p30 DV8p31 3. and (ii) if IAS 33 applies to the entity. (b) the reasons why applying the new accounting policy provides reliable and more relevant information. and (e) either: (i) a discussion of the impact that initial application of the standard or interpretation is expected to have on the entity’s financial statements. (e) the transitional provisions that might have an effect on future periods. disclose: (a) the nature of the change in accounting policy. If an entity has not applied a new relevant standard or interpretation that has been issued but is not yet effective. or more reliable and no less relevant to those needs. 5. 14 Exploration and evaluation expenditures. consider disclosing: (a) the title of the new standard or interpretation. the circumstances that led to the existence of that condition and a description of how and from when the change in accounting policy has been applied. to the extent practicable. 8p29 IFRS6p13. to the extent practicable: (i) for each financial statement line item affected. to the extent practicable: (i) for each financial statement line item affected. In complying with the previous paragraph. and (e) if the retrospective application required is impracticable for a particular prior period. An entity may change its accounting policies for exploration and evaluation if the change makes the financial statements more relevant to the economic decision-making needs of users and no less reliable. a statement to that effect. the circumstances that led to the existence of that condition and a description of how and from when the change in accounting policy has been applied. disclose: (a) the fact that the entity did not apply the new standard or interpretation that has been issued but is not yet effective. (b) the nature of the impending change or changes in accounting policy. or for periods before those presented. The criteria 14 . (g) the amount of the adjustment relating to periods before those presented. to the extent practicable. and (h) if the retrospective application required is impracticable for a particular prior period. 4. (c) the date by which application of the standard or interpretation is required. or (ii) if that impact is not known or reasonably estimable. and (b) known or reasonably estimable information relevant to assessing the possible impact that application of the new standard or interpretation will have on the entity’s financial statements in the period of initial application.Disclosure checklist 2009 – Section A2 Y-NA-NM REF Section A – Disclosures for consideration by all entities (c) the nature of the change in accounting policy. (c) the amount of the adjustment for the current period and each prior period presented. (d) the date as at which it plans to apply the standard or interpretation initially. when applicable. These disclosures need not be repeated in the financial statements of subsequent periods. (f) the amount of the adjustment for the current period and each prior period presented. These disclosures need not be repeated in the financial statements of subsequent periods. the impact on basic and diluted earnings per share. or for periods before those presented. On a voluntary change in accounting policy. (d) a description of the transitional provisions. the impact on basic and diluted earnings per share.

(d). if presented) when such presentation is relevant to an understanding of the entity’s financial performance.(f).(g). (d) tax expense. or 1p81(a). 4.(b) 1p82(a). as a minimum. (g) each component of other comprehensive income classified by nature (excluding amounts in (h)). (c) share of profit or loss of associates and joint ventures accounted for using the equity method. 3. (e) a single amount comprising the total of: (i) the post-tax profit or loss on discontinued operations. Present all items of income and expense recognised in a period: (a) in a single statement of comprehensive income.(e)(i) (e)(ii). Disclose the following in the statement of comprehensive income as allocations for the period: (a) profit or loss for the period attributable to: (i) minority interests. (h).(b). or (b) in a statement displaying components of profit or loss (a separate income statement) and a second statement beginning with profit or loss and displaying components of other comprehensive income (statement of comprehensive income). Entities may present the line items and disclosure as required by paragraphs 82 and 83 above in the statement of comprehensive income or in the separate income statement (if presented).Disclosure checklist 2009 – Sections A2- A3 Y-NA-NM REF in IAS 8 should be followed for the change in the accounting policy. 1.(i) 1p83(a)(i). Include in the statement of comprehensive income. Components of other comprehensive income may be presented: (a) net of related tax effects. 5. (b)(ii) 1p84 1p85 1p90 15 Section A – Disclosures for consideration by all entities . and (ii) the post-tax gain or loss recognised on the measurement to fair value less costs to sell or on the disposal of the assets or disposal groups that make up discontinued operations. and (ii) owners of the parent. A3 Statement of comprehensive income and related notes 1. Present additional line items. General disclosures Refer to the Appendix to IAS 1 for an example income statement. either in the statement of comprehensive income or in the notes. (c).(b)(i). line items showing the following amounts for the period: (a) revenue. (h) share of the other comprehensive income of associated joint ventures accounted for using the equity method. (b) finance costs. and (ii) owners of the parent. 2. the amount of income tax relating to each component of other comprehensive income including reclassification adjustments. headings and subtotals in the statement of comprehensive income (and the separate income statement. (f) profit or loss. and (b) total comprehensive income for the period attributable to: (i) minority interests. (a)(ii). and (i) total comprehensive income. Disclose.

17. it presents grants related to income as required in IAS 20 para 29. Give an analysis of expenses recognised in profit or loss using 1p101 a classification based on either their nature or their function 1p104 within the entity. or (b) deducted in reporting the related expense. as described in IAS 1 para 81. An entity presenting reclassification adjustments in the notes presents the components of other comprehensive income after any related reclassification adjustments. amortisation and employee benefits expense. An entity that presents the components of profit or loss in a separate income statement. disclose this fact.1p100. whichever provides information that is reliable and more relevant. 19. 7. Disclose separately the amount of income tax relating to each component of other comprehensive income. presents earnings per share only in that separate statement. 13. If an entity presents the components of profit or loss in a separate income statement. 9. 16. If an estimate of an amount reported in an interim period changes significantly during the final interim period of the financial year but a separate financial report is not published for that final interim period.Disclosure checklist 2009 – Sections A3 Y-NA-NM REF Section A – Disclosures for consideration by all entities (b) before related tax effects with one amount shown for aggregate amount of income tax relating to those components. it discloses at a minimum. An entity may present reclassification adjustments in the statement of comprehensive income or in the notes. disclose their nature and amount separately. as described in IAS 1 para 81. including depreciation. 20p29 10. 1p97 8. Disclose reclassification adjustments relating to components of other comprehensive income. 1p99. When items of income and expense are material. Where the entity classifies expenses by function. 14. This is only applicable when the reporting entity publishes an interim financial report prepared in accordance with IAS 34 20p29A 33p4 33p4A 19p93B IFRS1p6 12p81 8p39. If it is impracticable to estimate the amount. isclose the nature and amount of a change in an accounting D estimate that has an effect in the current period or that is expected to have an effect in future periods. 11. 12. 18. Entities are encouraged to present this analysis in the statement of comprehensive income or in the separate income statement (if presented). 40 34p26 16 . cost of sales separate from other expenses. the nature and amount of that change in estimate should be disclosed in a note to the annual financial statements for that financial year. 1p92 1p94 6. Prepare and present an opening IFRS statement of financial position at the date of transition to IFRSs. Present actuarial gains and losses recognised in other comprehensive income in the statement of comprehensive income. Government grants related to income are sometimes presented as a credit in the statement of comprehensive income. 15. An entity that chooses to disclose earnings per share based on its separate financial statements presents such earnings per share information only in its statement of comprehensive income and not in the consolidated financial statements. disclose additional information on the nature of expenses. When an entity uses a by function analysis. either: (a) separately or under a general heading such as ‘Other income’.

8. Disclose the amount of each significant category of revenue recognised during the period. Employee benefits – disclose: (a) the expense for defined contribution plans. and the line item of the income statement in which it is included (refer to Section A5. (b) for defined benefit plans – the total expense for each of the following. (d) disposals of investments. (c) disposals of items of property. plant and equipment. Entities are encouraged to present this analysis in the statement of comprehensive income or in the separate income statement (if presented).Disclosure checklist 2009 – Section A3 Y-NA-NM REF 2. (f) litigation settlements. if significant. 2. amortisation expense and employee benefits expense. including revenue arising from: (a) the sale of goods. (c) interest. and 9. (e) discontinued operations. (c) for defined benefit plans. (ii) interest cost. 6.1p100 1p104 1p103 7. and the line item(s) of the income statement in which they are included: (i) current service cost. (b) a restructuring of the activities of an entity and the reversal of any provisions for the costs of restructuring. and (g) other reversals of provisions. (i) the actual return on plan assets. disclose the cost of sales separately from other expenses. at a minimum. whichever provides information that is reliable and more relevant. If expenses are classified by function. plant and equipment to recoverable amount. (vi) past service cost. in an arrangement that has the legal form of a lease but that in substance does not involve a lease under IAS 17. and (ii) the actual return on any reimbursement right recognised as an asset. disclose additional information on the nature of expenses. (d) royalties.18(c)). (iii) expected return on plan assets. (b) the rendering of services. as well as the reversal of such write-downs. and (e) dividends. 5. 19p120A(m) 19p131 19p46 19p120A(g) 17 Section A – Disclosures for consideration by all entities . Disclose the accounting treatment applied to any fee received 1p30 1p98 1p98(a) 4. If expenses are classified by function. including depreciation. (v) actuarial gains and losses. the amount recognised as income in the period. 1p98(b) 1p98(c) 1p98(d) 1p98(e) 1p98(f) 1p98(g) 1p99. (d) the expense resulting from other long-term employee benefits. Items not individually material are aggregated with other items in the statement of comprehensive income or in the notes. Circumstances that would give rise to the separate disclosure of items of income and expense include: (a) the write-down of inventories to net realisable value or of property. and (vii) the effect of any curtailment or settlement. Disclose the amount of non-cash revenue arising from exchanges of goods or services included in each significant category of revenue. (iv) expected return on any reimbursement right recognised as an asset. Present an analysis of expenses recognised in profit or loss using a classification based on either the nature of expenses or their function within the entity. Individual items 18p35(b) 18p35(c) 1. SIC27p10(b) 3.

and the amount removed from equity and recognised in profit or loss for the period. (b) total interest income and total interest expense (calculated using the effective interest method) for financial assets or liabilities that are not at fair value through profit or loss. (iii) held-to-maturity investments. (c) gains. Disclose the following material items resulting from financial assets and financial liabilities: (a) income.Disclosure checklist 2009 – Section A3 Y-NA-NM 19p142 Section A – Disclosures for consideration by all entities REF 38p126 21p52(a) (e) the expense resulting from termination benefits. (c) direct operating expenses including repairs and maintenance arising from investment property that did not generate rental income during the period. and (d) the cumulative change in fair value recognised in profit or loss on a sale of investment property from a pool of assets in which the cost model is used into a pool in which the fair value model is used. (iv) loans and receivables. and the line item(s) of the income statement in which they are included: (a) impairment losses. 36p126(a)(b) 12. retirement benefit plans and other institutions. recognised during the period. and (b) reversals of impairment losses. (ii) available-for-sale financial assets. and (v) financial liabilities measured at amortised cost. (b) direct operating expenses including repairs and maintenance arising from investment property that generated rental income during the period. liabilities and contingent liabilities over cost recognised as income. showing separately the amount of gain or loss recognised directly in equity during the period. Investment property – disclose: (a) rental income. The disclosures in para 16 above should include the following: (a) net gains or losses on: (i) financial assets or financial liabilities at fair value through profit or loss. and (ii) trust and other fiduciary activities that result in the holding or investing of assets on behalf of individuals. (c) fee income and expense (other than amounts included in determining the effective interest rate) arising from: (i) financial assets and liabilities that are not at fair value t hrough profit or loss. 15. showing separately those on financial assets or financial liabilities designated as such upon initial recognition. 10. 11. Disclose for each class of assets the following amounts 38p118(d) 13. 40p32C IFRS7p20 14. Disclose the following amounts recognised during the IFRS3p67(g) period and the line item(s) of the income statement in which 40p75(f) they are included: (a) amortisation of intangible assets (by each class). IFRS7p20 18 . 16. if significant. and (d) losses. (b) expense. and those on financial assets or liabilities that are classified as held for trading in accordance with IAS 39. and (b) excess of acquirer’s interest in the net fair value of acquiree’s assets. isclose research and development expenditure recognised as D an expense during the period. trusts. Disclose the amount of foreign exchange differences recognised in profit or loss except for those arising on financial instruments measured at fair value through profit or loss in accordance with IAS 39.

showing separately contributions by and distributions to owners (note that IAS 1para 107 also requires disclosure of dividends. where applicable. showing separately the total amounts attributable to owners of the parent and to minority interest. where applicable. IAS 12 para 80. 3. Provide an explanation of changes in the applicable tax rate(s) compared to the previous period. Provide an explanation of the relationship between tax expense (income) and accounting profit in either of the following forms: (a) numerical reconciliation between tax expense (income) and product of accounting profit. (d) for each component of equity.Disclosure checklist 2009 – Sections A3-A4 Y-NA-NM REF (d) interest income on impaired financial assets. gives examples of the major components of tax expense (income).(d) 19 Section A – Disclosures for consideration by all entities . Statement of changes in equity 1. separately disclosing changes resulting from: (i) profit or loss. and (e) the amount of any impairment loss for each class of financial asset. Disclose the major components of tax expense (income). 2. either in the statement of comprehensive income or the separate income statement (if presented) or in the notes. and (iii) transactions with owners in their capacity as owners. the effects of retrospective application or retrospective restatement recognised in accordance with IAS 8. including the related amount per share. No items of income or expense should be presented as extraordinary items. (c). (b). or (b) a numerical reconciliation between the average effective tax rate and the applicable tax rate. For companies adopting IAS 27 (revised) (which amends IAS 1 for annual periods beginning on or after 1 July 2009): Ensure that. the statement of changes in equity shows the following items: (a) total comprehensive income for the period. 1p87 4. showing separately contributions by and distributions to owners and changes in ownership interests in subsidiaries that do not result in a loss of control. (c) the amounts of transactions with owners in their capacity as owners. disclosing also the basis on which the applicable tax rate(s) is (are) computed (refer to IAS 12 para 85). (b) for each component of equity. showing separately the total amounts attributable to owners of the parent and to non-controlling interests. multiplied by the applicable tax rate(s). either in this statement or in the notes - 1p106(a). For companies not adopting IAS 27 (revised): Ensure that. A4 Statement of changes in equity and related notes 1. a reconciliation between the carrying amount at the beginning and the end of the period. the statement of changes in equity shows the following items: (a) total comprehensive income for the period. 12p81(d) 3. the effects of retrospective application or retrospective restatement recognised in accordance with IAS 8. Income tax 12p79 12p81(c) 1. (b) for each component of equity. disclosing also the basis on which the applicable tax rate is computed (refer to IAS 12 para 85). (d) 1p106 (a). Extraordinary items 1. (ii) each item of other comprehensive income.(b).

(d) 1p79(a) 4. Disclose the aggregate current and deferred tax relating to items charged or credited to equity. In IAS 1 para 106 the components of equity include.Disclosure checklist 2009 – Section A4 Y-NA-NM REF Section A – Disclosures for consideration by all entities 1p107 the presentation of these disclosures in the statement of comprehensive income is not permitted).AG26 IFRIC2p13 5. preferences and restrictions attached to each class of share capital.20 AG25. and (d) for each component of equity. (f) shares in the entity held by the entity itself or by the entity’s subsidiaries or associates. 1p108 2. 12p81(a) 36p126(c). separately disclosing each change. a reconciliation between the carrying amount at the beginning and the end of the period. preferences and restrictions attached to each category of equity interest. for example. for each class of assets.18. including restrictions on the distribution of the revaluation reserves (this usually includes details of any restrictions on distributions for each reserve in shareholders’ equity. although it is not specified in IAS 1). showing movements during the period in each category of equity interest and the rights. It is useful to disclose the analysis by category of temporary differences. and the related amount per share. Refer to IAS 32 para 18(a). 3. Disclose a description of the nature and purpose of each reserve within shareholders’ equity. (d) a reconciliation of the number of shares outstanding at the beginning and end of the year. or that the shares have no par value. (e) the rights. 1p80 10p12 1p137(a) 8. (c) par value per share. 20 .(iv) 1p79(a). 1p79(a). 6. 2. timing and reason for the transfer.(v) 1p79(a)(vi) 1p79(a)(vii) 32p15. the accumulated balance of each class of other comprehensive income and retained earnings. Disclose the amount of impairment losses and the amount of reversals of impairment losses. disclose separately the amount. including the terms and amounts. Disclose the amount of transaction costs accounted for as a deduction from equity in the period is disclosed separately in the notes. 7. An entity without share capital. should disclose information equivalent to that required in IAS 1 para 79(a). Disclose the amount of dividends proposed or declared before the financial statements were authorised for issue but not recognised as a distribution to equity holders during the period. Certain types of preference shares should be classified as liabilities (not in equity). each class of contributed equity. Disclose the following for each class of share capital either on the balance sheet or in the statement of changes in equity or in the notes (this information is usually disclosed in the notes): (a) the number of shares authorised. including restrictions on the distribution of dividends and the repayment of capital. (b) the number of shares issued and fully paid.(i) 1p79(a). 32p39 3. the amount of dividends recognised as distributions to owners during the period and the related amount per share. General disclosures 1p79(b) 16p77(f) 38p124(b) 1. recognised directly in equity during the period. 2. When a change in the redemption prohibition leads to a transfer between financial liabilities and equity.(ii) 1p79(a). and issued but not fully paid. such as a partnership. Disclose.(iii) 1p79(a). either in the statement of changes in equity or in the notes. and (g) shares reserved for issuance under options and sales contracts.

(b) investment property. Any cumulative income or expense recognised directly in equity in relation to a non-current asset (or disposal group) classified as held for sale. (n) liabilities and assets for current tax. when an entity has diverse operations. (e) investments accounted for using the equity method. (g). An entity is permitted to use a mixed basis of presentation including current/non-current classification and in order of liquidity when this provides information that is reliable and more relevant – for example. as defined in IAS 12. (l) provisions. A5 Balance sheet and related notes 1. but separately from shareholders’ equity (if the amendments to IAS 27 have been adopted the reference to ’minority interest’ in IAS 1 para 54(q) is replaced with ‘non-controlling interest’ and the reference to ‘parent shareholders’ equity’ is replaced with ‘parent’s ownership interests’). and (r) issued capital and reserves attributable to owners of the parent. plant and equipment. If the current/non-current distinction of assets and liabilities made is on the face of the balance sheet. (c) intangible assets.(b). Do not classify deferred tax assets or liabilities as current assets or liabilities. as a minimum. 1p60 1p64 21 Section A – Disclosures for consideration by all entities .Disclosure checklist 2009 – Sections A4-A5 Y-NA-NM 1p137(b) IFRS5p38 REF 9. Disclose the amount of any cumulative preference dividends not recognised.(h). (d) financial assets (excluding amounts shown under (e).(f).(e). classified in a manner appropriate to the entity’s operations. (g) inventories. (q) minority interest.(l).(m). as defined in IAS 12. Ensure also that assets and liabilities are presented in order of their liquidity. General disclosures Refer to the Appendix to IAS 1 for an example balance sheet. apply the classification rules in IAS 1 paras 66-76.(j). (h) trade and other receivables. If they are not made on the face of the balance sheet.(i). (f) biological assets. 1p56 1p77 2. (m) financial liabilities (excluding amounts shown under (k) and (l)). Disclose further sub-classifications of the line items presented.(o).(p). Present additional line items. (c). 3. (i) cash and cash equivalents. This disclosure is made either in the statement of financial position or in the notes. (p) liabilities included in disposal groups classified as held for sale in accordance with IFRS 5. the following line items: (a) property. (k) trade and other payables. presented within equity. (k). (o) deferred tax liabilities and deferred tax assets. 4.(d). 5. (h) and (i)).(r) 1p55 1. ensure that a presentation based on liquidity provides information that is reliable and more relevant. (j) the total of assets classified as held for sale and assets included in disposal groups classified as held for sale in accordance with IFRS 5. (n). Include in the statement of financial position. (q). heading and subtotals on the face of the statement of financial position when such presentation is relevant to an understanding of the entity’s financial position. 10. 1p54(a).

and (vii) shares reserved for issue under options and contracts for the sale of shares. Note that certain standards require further specific disclosures about sources of estimation uncertainty and judgements. and issued but not fully paid. preferences and restrictions for each class of share. 36p130.5. For each class of provision. and (b) a description of the nature and purpose of each reserve within equity. stating the amount of any asset that has been recognised for that expected reimbursement. including the terms and amounts.Disclosure checklist 2009 – Section A5 Y-NA-NM 1p61 Section A – Disclosures for consideration by all entities REF 1p78(e). such as paid-in capital. 34p26 2. disclose the non-current portion (the amount expected to be recovered or settled after more than 12 months) for each asset and liability item that combines current and non-current amounts. (a)(iii). a provision – is changed significantly during the final interim period of the financial year but a separate financial report is not published for that final interim period. and (c) the amount of any expected reimbursement. (iii) the par value per share. (vi) shares in the entity held by the entity itself or by its subsidiaries or associates. The specific disclosure requirements in the other sections of this disclosure checklist include: (a) methods and assumptions applied in determining fair values for: 40p75(c)-(e) (i) investment property (Section A2. (b) an indication of the uncertainties about the amount or timing of those outflows (where necessary to provide adequate information. disclose the nature and amount of that change in estimate in a note to the annual financial statements for that financial year. provide: (a) a brief description of the nature of the obligation and of the expected timing of any resulting outflows of economic benefits. plant and equipment (Section A5. (b) 6. (ii) the number of shares issued and fully paid. 16p77(c)(d) (ii) property. 134 determining impairment losses or reversals (Section A7. para 3(c) and 3(d)). 3. including restrictions on dividends and the repayment of capital. Whichever method of presentation is applied. Measurement uncertainty 37p85 1. Disclose the following information either in the statement of financial position or the statement of changes in equity or in the notes: (a) for each class of share capital: (i) the number of shares authorised. Equity capital and reserves are disaggregated into various classes. 38p124(c) (iii) intangible assets (Section A5. 1p79 (a)(i).3. (a)(ii). share premium and reserves.7.131. (a)(v). 22 . (a)(iv).2. as addressed in IAS 37 para 48). para 5). (iv) a reconciliation between the number of shares outstanding at the beginning and the end of the reporting period. para 6). (a)(vi). If an estimate of an amount reported in an interim period – for example. 7. This item is applicable only when the reporting entity publishes an interim financial report prepared in accordance with IAS 34. or that the shares have no par value. (iv) impairment of assets – basis and key assumptions for 133. (v) the rights. 2. disclose the major assumptions made concerning future events. (a)(vii). paras 1 and 4).

(ii) post-employment defined benefit plans – principal actuarial assumptions (Section A5. (iii) insurance – process used to determine assumptions that have the greatest effect on the measurement of recognised assets. (ii) financial instruments – terms and conditions that may affect the amount. Provide a reconciliation of the carrying amount for each class of PPE at the beginning and end of each period presented showing: (a) additions. income and exposes from insurance contracts. and (i) other movements.7. Property. (iii) public service concession arrangements – terms and conditions that may affect the amount. timing and uncertainty of future cash flows from insurance contracts (Section E. para 2).73 REF IFRS7p27 IFRS2p46 41p47 37p86 IFRS7p31 SIC 29p6-7 IFRS4p37 36p130. 16p73(d) 1p78(a) 16p73(e) 36p126(a). liabilities. (b) nature.1 para (e)) and adjustments made to provisional values (Section A7. When practicable. plant and equipment 17p32. plant and equipment (PPE). 2. timing and certainty of cash flows relating to the following: (i) contingencies (Section A5. (vi) financial instruments (Section A8). paras 14 and 15). Disclose the gross carrying amount and the accumulated depreciation (including accumulated impairment losses) for each class of property. (f) impairment losses reversed during the period. para 1 and 4). an insurer shall also give quantified disclosure of those assumptions. (d) increases or decreases during the period that result from revaluations and impairment losses recognised or reversed directly in equity under IAS 36.Disclosure checklist 2009 – Section A5 Y-NA-NM IFRS3p67(d). (e) impairment losses recognised during the period.1 para 6). growth rates for extrapolations and discount rates in determining value in use (Section A7. para 2). 133.(b) 23 Section A – Disclosures for consideration by all entities . 1. at the beginning and end of each period presented.17. and (iv) insurance – information about nature.134 19p120A(u) IFRS4p37 26p35 (v) business combinations – basis for determining fair value of instruments issuable in a business combination (Section A7. (g) depreciation. and (iv) retirement benefit plan entities – actuarial assumptions (Section F. para 2 to 5).131. timing and certainty of future cash flows.1 para 5). disclose the line items of the statement of comprehensive income in which impairment losses and reversals of impairment losses are included. and (c) other relevant disclosures: (i) impairment of assets – key assumptions for cash flow projections. (vii) share-based payments (Section B7.57 The disclosure requirements of IAS 16 apply to owned assets and to the amounts of leased assets held under finance leases in the lessee’s accounts. timing and certainty of future cash flows (Section C3). (h) net exchange differences on the translation of financial statements into a different presentation currency and on translation of a foreign operation into the presentation currency of the reporting entity. (c) acquisitions through business combinations. (b) assets classified as held for sale under IFRS 5 and other disposals. and (viii) agricultural produce and biological assets (Section C2. periods covered by projections. For each class of asset. 3.23).

Treat these assets as a separate class of assets and make the disclosure required by IAS 16 if they are classified as items of property. 5. For PPE stated at revalued amounts. 8. Provide the net carrying amount for each class of assets held under finance leases. showing separately those carried at fair value and those measured at cost because the fair value cannot be determined reliably: (a) additions. the owner of an investment property provides lessors’ disclosures about leases into which it has entered. 16p74(a) 16p74(a) 16p74(b) 16p74(d) 4. plant and equipment. (b) the gross carrying amount of any fully depreciated PPE that is still in use. disclose the amount of compensation from third parties for items of PPE that were impaired. 10. 79(d) 1. Disclose: (a) the amount of borrowing costs capitalised during the period. Disclose the amount of expenditures on account of PPE in the course of construction. (c) the carrying amount of PPE retired from active use and not classified as held for sale under IFRS 5. (c) the methods and significant assumptions applied in estimating the items’ fair values. (b) additions resulting from acquisitions through business combinations. Voluntary disclosures: (a) the carrying amount of temporarily idle PPE. If it is not disclosed separately on the face of the income statement. An entity that holds an investment property under a finance or operating lease provides lessees’ disclosures for finance leases and lessors’ disclosures for any operating leases into which it has entered. 16p79 9. In accordance with IAS 17. Exploration and evaluation assets. 40p76. lost or given up and that is included in profit or loss Borrowing costs. and (e) for each revalued class of PPE. Disclose the amounts of PPE pledged as security for liabilities. 24 . Refer also to the disclosures on revaluation surplus in Section A4. (b) whether an independent valuer was involved. and (b) the capitalisation rate used to determine the amount of borrowing costs eligible for capitalisation. and (d) when PPE is carried at cost less depreciation. 11. 6. disclosing separately those additions resulting from acquisitions and those resulting from subsequent expenditure recognised in the carrying amount of the asset. or the extent to which they were estimated using other valuation techniques. Investment property The disclosures below apply in addition to those in IAS 17. disclose: (a) the effective date of the revaluation.Disclosure checklist 2009 – Section A5 Y-NA-NM 16p77 Section A – Disclosures for consideration by all entities REF 3. 23p26(a) 23p26(b) 17p31(a) DV. the carrying amount that would have been recognised had the assets been carried under the cost model. IFRS6p25 4. the fair value of PPE if this is materially different from the carrying amount. Disclose the existence and amounts of PPE whose title is restricted. (d) the extent to which the items’ fair values were determined directly by reference to observable prices in an active market or recent market transactions on arm’s length terms. 7. Provide a reconciliation of the carrying amount of investment property at the beginning and end of each period presented.

disclose: (i) that the entity has disposed of investment property not carried at fair value. and (d) if the entity disposes of investment property whose fair value previously could not be measured reliably. 5. and the amount of impairment losses reversed. (f) transfers to and from inventories. 40p79(a) 40p79(b) 40p79(c) 40p79(d) 40p79(e) 25 Section A – Disclosures for consideration by all entities . 3. and (c) the gross carrying amount and the accumulated depreciation (aggregated with accumulated impairment losses): (i) at the beginning of the period. (ii) the amount of impairment losses recognised. and (g) other changes. When an entity that applies the fair value model to investment property measures a property using the cost model in IAS 16 (in accordance with IAS 40 para 53) because fair value cannot be measured reliably. and (e) the fair value of investment property. disclose: (i) a description of the investment property. Disclose the existence and amounts of restrictions on the realisability of investment property or the remittance of income and proceeds of disposal. When an entity cannot reliably determine the fair value of the investment property.Disclosure checklist 2009 – Section A5 Y-NA-NM REF 40p78 (c) assets classified as held for sale or included in a disposal group classified as held for sale in accordance with IFRS 5 and other disposals. If an entity uses the cost model disclose in addition to para 1 above: (a) depreciation methods used. and on translation of a foreign operation into the presentation currency of the reporting entity. and (ii) at the end of the period. (d) a reconciliation of the carrying amount at the beginning and end of the period of: (i) depreciation. (b) the useful lives or the depreciation rates used. disclose in the reconciliation required in IAS 40 para 76 amounts relating to that investment property separately from amounts relating to other investment property 40p75(e) 40p78 2. and (iii) the carrying amount of that investment property at the time of sale. disclose the fact. (e) net exchange differences arising on the translation of the financial statements into a different presentation currency and on translation of a foreign operation into the presentation currency of the reporting entity. during the period in accordance with IAS 36. and (iv) the gain or loss on disposal. but certain investment properties are carried under the IAS 16 cost model because of the lack of a reliable fair value. provide: (a) a description of the investment property. and owner-occupied property. 40p78(a) 40p78(b) 40p78(c) 40p78(d) 40p78(c)(i) 40p78(c)(ii) 40p78(c)(iii) 40p78(c)(iv) 40p75(g) 4. If the fair value model is used. (iii) the net exchange differences arising on the translation of the financial statements into a different presentation currency. If there has been no valuation by an independent professionally qualified valuer. (ii) the carrying amount of that investment property at the time of sale. (b) an explanation of why fair value cannot be reliably measured. (d) the net gains or losses from fair value adjustments (where the fair value model in IAS 40 is used). (c) the range of estimates within which fair value is highly likely to lie.

and (j) the gross carrying amount and accumulated amortisation (including accumulated impairment losses) at the end of the period. (f) impairment losses reversed during the period. in the reconciliation: (i) the aggregate amount of any recognised lease obligations that have been added back. When a valuation obtained for investment property is adjusted significantly for the purpose of the financial statements (for example.57 38p118 38p118(e) The disclosure requirements of IAS 38 apply to owned intangible assets and to the amounts of leased intangible assets held under financial leases in the lessee’s accounts. (d) increases or decreases resulting from revaluations. and (iii) the range of estimates within which fair value is highly likely to lie. disclose for each class of intangible assets: (a) the effective date of the revaluation. 2. 1. 3. Show the following in the reconciliation: (a) gross carrying amount and accumulated amortisation (including accumulated impairment losses) at the beginning of the period. IAS 38 para 119 gives examples of separate classes of intangible assets. 6. (h) exchange differences from the translation of the financial statements into a presentation currency that is different to the entity’s functional currency and from the translation of a foreign operation into the entity’s presentation currency. (g) amortisation recognised during the period. to avoid double-counting of assets or liabilities that are recognised as separate assets and liabilities as described in IAS 40 para 50). (c) assets classified as held for sale or included in a disposal group classified as held for sale (in accordance with IFRS 5) and other disposals. The entity is required to provide the following for any individual intangible asset that is material to the financial statements of the entity as a whole: (a) a description of the asset. and those acquired through business combinations). and 26 . disclose: (a) the carrying amount.Disclosure checklist 2009 – Section A5 Y-NA-NM REF Section A – Disclosures for consideration by all entities 40p77 (ii) an explanation of why fair value cannot be reliably measured. A reconciliation of the carrying amount in respect of each class of intangible asset. (b) its carrying amount. and (b) separately. (b) the carrying amount of revalued intangible assets. disclose: (a) a reconciliation between the valuation obtained and the adjusted valuation included in the financial statements. For intangible assets with indefinite useful lives. and (b) the reasons supporting the assessment of an indefinite useful life. Comparative information for these items is required. (e) impairment losses recognised during the period. For intangible assets carried at revalued amounts. Intangible assets (excluding goodwill) 17p32. (b) additions (indicating separately those from internal development. and (b) other intangible assets. and (c) remaining amortisation period. (i) other movements. and (ii) any other significant adjustments. 5. those acquired separately. 38p118(c) 1p36 38p122(a) 38p122(b) 38p124(a) 4. distinguishing between: (a) internally generated intangible assets.

(f) net exchange differences arising during the period. (g) other changes during the period. showing: (a) gross carrying amount and accumulated impairment losses at the beginning of the period. Disclose the method and significant assumptions applied in estimating the fair values of the intangible assets. 1p38 IFRS3p77 7. and (b) details of significant intangible assets controlled by the entity but not recognised because they did not meet the recognition criteria in IAS 38 or because they were acquired or generated before IAS 38 (1998 version) became effective. Goodwill and ‘negative goodwill’1 1. (b) additions. 8. 1. Voluntary disclosures: (a) fully amortised intangible assets that are still in use. 38p122(d) 5. Comparative information for these items is required. 38p128 7.57 The disclosure requirements of IAS 36 apply to owned assets and to the amounts of leased assets held under finance leases in the lessee’s accounts. (e) impairment losses recognised during the period. and (b) the amounts of intangible assets pledged as security for liabilities. (b) their carrying amount. disclose: 36p130 1 The IASB no longer uses the term ‘negative goodwill’. Exploration and evaluation assets. 2. Disclose: (a) the existence and amounts of intangible assets whose title is restricted. Where an impairment loss. Treat these assets as a separate class of assets and make the disclosures required by IAS 38 if they are classified as intangible asset IFRS6p25 IFRS3p75 6. The term ‘negative goodwill’ is used in this publication in the interest of brevity. (d) disposals. If the information that is required to be disclosed by IFRS 3 does not disclose enough information to enable users to evaluate the nature and financial effect of a business combination. The official term is ‘excess of acquirer’s interest in the net fair value of acquiree’s identifiable assets. For intangible assets acquired through a government grant and initially recognised at fair value (refer to IAS 38 para 44). 6. disclose: (a) the fair value initially recognised for these assets. recognised or reversed for an individual asset or cash-generating unit (CGU) during the period. disclose such additional information as is necessary to meet that objective. is material to the financial statements of the reporting entity. Impairment of assets 17p32. 9.Disclosure checklist 2009 – Section A5 Y-NA-NM REF 38p124(c) (c) the carrying amount that would have been included in the financial statements had the cost model been used (as if the assets had been carried at cost less accumulated depreciation and accumulated impairment losses). liabilities and contingent liabilities over cost’. (c) adjustments resulting from the subsequent recognition of deferred tax assets during the period in accordance with IFRS 3 para 65. Provide a reconciliation of the carrying amount of goodwill. 38p122(c) DV. 27 Section A – Disclosures for consideration by all entities . and (c) whether they are carried at cost less depreciation or at revalued amounts. and (h) gross carrying amount and accumulated impairment losses at the end of the period.

(c) for an individual asset: (i) the nature of the asset. (b) the amount of the impairment loss recognised or reversed. and (b) the main events and circumstances that led to the recognition (reversal) of these impairment losses. 4. (c) the basis on which the recoverable amounts of the CGUs (group of CGUs) have been determined (value in use or fair value less cost to sell). (ii) the amount of the impairment loss recognised or reversed: – by class of assets. a plant. 36p134 3. (b) the carrying amount of intangible assets with indefinite useful lives. the discount rates used in current estimate and previous estimate (if any) of value in use. and (g) if the recoverable amount is value in use. The disclosures in this section relating to segments are applicable to entities that apply IAS 14 – refer to Section D1. (f) the basis used to determine fair value less costs to sell if the recoverable amount is the fair value less costs to sell (for example. and (ii) the segment to which the asset belongs (based on primary format) (refer to Section D1). (e) whether the recoverable amount of the asset or CGU is its fair value less costs to sell or its value in use. (d) if the recoverable amounts of the CGUs are based on value in use: (i) a description of each key assumption on which management has based its cash flow projections for the period covered by the most recent budgets/ forecasts (key assumptions are those to which the recoverable amounts of the CGUs are most sensitive). the entity should describe the current and former method of aggregating assets and the reasons for changing the way the CGU is identified. If any portion of the goodwill acquired in a business combination during the reporting period has not been allocated to a CGU at the reporting date: (a) disclose the amount of the unallocated goodwill. disclose the following for each CGU (or group of CGUs): (a) the carrying amount of allocated goodwill. 36p131 36p133 2. Where the carrying amount of goodwill or intangible assets with indefinite useful lives allocated to a CGU (or group of CGUs) is significant in comparison to the total carrying amount of goodwill or intangible assets with indefinite useful lives. a geographical area. 28 . Disclose the following information for the aggregate impairment losses and the aggregate reversals of impairment losses recognised during the period for impairment losses or reversals that are not individually material (a) the main classes of assets affected by impairment losses (or reversals of impairment losses). and (b) disclose the reasons why that amount remains unallocated. a business operation.Disclosure checklist 2009 – Section A5 Y-NA-NM REF Section A – Disclosures for consideration by all entities (a) the events and circumstances that led to the recognition or reversal of the impairment loss. and (iii) if the aggregation of assets for identifying the CGU has changed since the previous estimate of the CGU’s recoverable amount. and – by reportable segment based on the entity’s primary format (refer to Section D1). whether it was determined by reference to an active market or in some other way). or a reportable segment as defined in IAS 14) (refer to Section D1). (d) for a CGU: (i) a description of the CGU (such as whether it is a product line.

disclose the methodology used to determine the fair value less cost to sell. If fair value less cost to sell is not determined using observable market prices for the CGUs. if appropriate. If some or all of the carrying amount of goodwill or intangible assets with indefinite lives is allocated across multiple CGUs (or groups of CGUs) and the amount allocated to each CGU (or group of CGUs) is not individually significant. when a period greater than five years is used for a CGU (or group of CGUs). and the justification for using any growth rate that exceeds the long-term average growth rate for the products. after incorporating any consequential effects of that change on the other variables used to measure recoverable amount. disclose the following information: (i) a description of each key assumption on which management has based its determination of fair value less cost to sell (key assumptions are those to which the recoverable amounts of the CGUs are most sensitive). and (v) the discount rate(s) applied to the cash flow projections. if appropriate. (iv) the growth rate used to extrapolate cash flow projections beyond the period covered by the most recent budgets/forecasts. together with the aggregate carrying amount of goodwill or intangible assets with indefinite lives allocated to those CGUs (or group of CGUs). and the aggregate carrying amounts of goodwill or intangible assets with indefinite lives allocated to them is significant. 6. how and why they differ from past experience and/or external sources of information. and (f) if a reasonably possible change in a key assumption on which management has based its determination of the CGU’s recoverable amount would cause the CGU’s carrying amount to exceed its recoverable amount: (i) the amount by which the aggregate of the CGU’s recoverable amounts exceeds the aggregate of their carrying amounts. disclose that fact. whether those values reflect past experience and/or. or for the market to which the CGU is dedicated. (ii) the value assigned to the key assumptions. and if not. disclose how and why they differ from past experience and/or external sources of information. are consistent with external sources of information. industries. and (ii) a description of management’s approach to determining the values assigned to each key assumption. (e) if the CGUs’ recoverable amounts are based on the fair value less cost to sell. If the recoverable amounts of any of those CGUs (or group of CGUs) are based on the same key assumptions. and (iii) the amount by which the value assigned to the key assumption must change. If not. (iii) the period over which management has projected cash flows based on financial budgets/forecasts approved by management and. whether those values reflect past experience and/or are consistent with external sources of information. in order for the CGU’s recoverable amount to be equal to its carrying amount. 36p135 29 Section A – Disclosures for consideration by all entities . an explanation of why that longer period is justified.Disclosure checklist 2009 – Section A5 Y-NA-NM REF 36p135 5. (ii) a description of management’s approach to determining the values assigned to each key assumption. together with: (a) the aggregate carrying amount of goodwill allocated to those CGUs (or groups of CGUs). or country or countries in which the entity operates. disclose that fact.

if appropriate. Disclose: (a) the fair value of investments in associates (individually) for which there are published price quotations. 2. 38p128 38p128(a) 38p128(b) 28p1 8. (b) the aggregate carrying amount of intangible assets with indefinite useful lives allocated to those CGUs (or group of CGUs). but not required. (ii) the value assigned to the key assumptions. If the most recent detailed calculation of the recoverable amount of a CGU made in a preceding period is carried forward and used in the impairment test for that unit in the current period. An entity is encouraged. and (b) a brief description of significant intangible assets controlled by the entity but not recognised as assets because they did not meet the recognition criteria in IAS 38 or because they were acquired or generated before the version of IAS 38 issued in 1998 was effective. directly or indirectly through subsidiaries. 8. If not. Disclose: (a) associates as a separate item under non-current assets. disclose how and why they differ from past experience and/or external sources of information. directly or indirectly through subsidiaries. and (iii) the amount by which the value assigned to the key assumption must change. after incorporating any effects of that change in the other variables used to measure the recoverable amount. Associates accounted for using the equity method. (d) the reasons why the presumption that an investor has significant influence is overcome if the investor holds. (d) a description of management’s approach to determining the values assigned to each key assumption. whether they are consistent with external sources of information. (b) summarised financial information of associates (individually for each significant associate). liabilities. the investor’s share of any discontinued operations of associates. less than 20% of the voting or potential voting power of the investee but concludes that it has significant influence. (c) a descriptions of the key assumption(s). 20% or more of the voting or potential voting power of the investee but concludes that it does not have significant influence. An entity holding an investment in an associate that is measured at fair value through profit or loss in accordance with IAS 39 discloses the information required by IAS 28 para 37(f). to disclose: (a) a description of any fully amortised intangible asset that is still in use. whether those values reflect past experience and/or. (c) the reasons why the presumption that an investor does not have significant influence is overcome if the investor holds. revenues and profit or loss. and (e) if a reasonably possible change in the key assumptions would cause the CGU’s (or group of CGUs’) carrying amount to exceed its recoverable amount: (i) the amount by which the aggregate of the recoverable amounts of the CGUs exceeds the aggregate of their carrying amounts. Associates 1. including the aggregated amounts of assets. (b) the investor’s share of the profit or loss of associates. and (c) separately. the disclosures required in 5 and 6 above relate to the carried forward calculation of recoverable amount. 28p38 28p37 30 .Disclosure checklist 2009 – Section A5 Y-NA-NM REF Section A – Disclosures for consideration by all entities 36p136 7. in order for the CGU’s (or group of CGUs’) recoverable amount to be equal to their carrying amount.

and (b) those contingent liabilities that arise because the investor is liable for all or part of the liabilities of the associate. Disclose these in the statement of changes in equity. Disclose separately from other contingent liabilities: (a) any contingent liabilities that the venturer has incurred in relation to its interests in joint ventures and its share in each of the contingent liabilities that have been incurred jointly with other venturers. In accordance with IAS 37. revenues and profit or loss. 4. (h) the fact that an associate is not accounted for using the equity method. current liabilities. (b) non-current assets. A venturer should disclose: (a) a listing and description of interests in significant joint ventures and the proportion of ownership interest held in jointly controlled entities. 2.Disclosure checklist 2009 – Section A5 Y-NA-NM REF 28p39 3. both for the period and cumulatively. as required by IAS 1. if an investor has discontinued recognition of its share of an associate’s losses. 3. total liabilities. The investor’s share of changes recognised directly in the associate’s equity should be recognised directly in equity by the investor. and (f) expenses. when it is different from that of the investor. Joint ventures 1. and (c) the contingent liabilities that arise because the venturer is contingently liable for the liabilities of the other venturers of a joint venture. that are not accounted for using the equity method. in accordance with IAS 28 para 13. or repayment of loans or advances. and (b) its share of the capital commitments of the joint ventures themselves. 4. and (i) summarised financial information of associates. either individually or in groups. (f) the nature and extent of any significant restrictions (for example. resulting from borrowing arrangements or regulatory requirements) on associates’ ability to transfer funds to the investor in the form of cash dividends. 8p40 31p56 9. discloses the aggregate amounts of each of the following related to its interests in joint ventures: (a) current assets. income and expenses related to its interests in joint ventures. Disclose separately from other commitments the aggregate of: (a) any capital commitments of the venturer in relation to its interests in joint ventures and its share in the capital commitments that have been incurred jointly with other venturers. (e) income. (e) the reporting date of an associate’s financial statements. including the amounts of total assets. long-term liabilities. and (b) the aggregate amounts of each of current assets. (b) its share of the contingent liabilities of the joint ventures themselves for which it is contingently liable. (g) the unrecognised share of an associate’s losses. disclose: (a) the investor’s share of an associate’s contingent liabilities incurred jointly with other investors. long-term assets. A venturer that recognises its interests in jointly controlled entities using the line-by-line reporting format for proportionate consolidation or the equity method. (c) current liabilities. (d) non-current liabilities. and the reason for using a different reporting date. 31p56 31p54 31p55 31 Section A – Disclosures for consideration by all entities .

and (d) the nature and extent of any significant restrictions (for example. (iii) proportion of ownership interest. For available-for-sale financial assets. proportion of voting power held. Under IAS 39 financial assets are classified into: (a) held at fair value through profit or loss (including trading). venturer with an interest in a jointly controlled entity or an investor in an associate prepares separate financial statements. resulting from borrowing arrangements or regulatory requirements) on the ability of subsidiaries to transfer funds to the parent in the form of cash dividends or to repay loans or advances. Although not required by IAS 39. 39p9 11. Subsidiaries 27p40 27p42 1. of more than half of the voting or potential voting power of an investee does not constitute control. and (b) the amount that was removed from equity and reported in net profit or loss for the period. impairment losses and exchange differences arising on translation of the financial statements of a foreign entity when investments are significant. disclose: (a) the fact that the statements are separate financial statements and the reasons why those statements are prepared if not required by law. IFRS7p20 (a)(ii) IFRS7p12 32 . (ii) country of incorporation or residence. An entity holding an interest in a joint venture that is measured at fair value through profit or loss in accordance with IAS 39 discloses the information required by IAS 31 paras 55 and 56. it is useful to disclose a reconciliation of the carrying amount of financial assets at the beginning and end of the period showing movements. and (iv) if different. Identify the consolidated financial statements prepared in accordance with IAS 27 para 9. If the entity has reclassified a financial asset as one required to be measured at cost or amortised cost rather than at fair value. (b) held to maturity. including: (i) the name. disclose the reason for the reclassification (refer to IAS 39 para 54).Disclosure checklist 2009 – Section A5 Y-NA-NM 31p1 Section A – Disclosures for consideration by all entities REF 5. held directly or indirectly through subsidiaries. (b) a list of significant investments in subsidiaries. Investments – financial assets 1. (c) the reporting date of a subsidiary’s financial statements when it is different from that of the parent. 4. and the reason for using a different reporting date or period. 2. In consolidated financial statements. IAS 28 and IAS 31 to which the separate financial statements relate. 10. disclose: (a) the amount of any gain or loss that was recognised in equity during the current period. directly or indirectly through subsidiaries. more than half of the voting power. (b) the reasons why the ownership. 3. 2. (c) loans and receivables. and (c) a description of the method used to account for the investments listed under (b). When a parent (other than a parent covered by IAS 27 para 41). and (d) available for sale. disclose: (a) the nature of the relationship between the parent and a subsidiary when the parent does not own. jointly controlled entities and associates.

refer to IAS 12 para 74. work in progress and finished goods. 1p54(o) 1p54(n) 14.61 2. 2p36(f)(g) 2p36(h) 1p60. (d) other receivables. disclose the amount of the non-current portion that is expected to be recovered or settled after more than 12 months. 2p36(b) 12. merchandise. Where trade and other receivables combine current and non-current amounts. Present current income tax assets and liabilities separately on the face of the balance sheet.1p78(c) example. 5. Disclose receivables in a manner appropriate to the entity’s operation. and circumstances or events leading to. 3. Where inventories combine current and non-current amounts. Disclose the carrying amount of inventories in total. (b) receivables from subsidiaries (in standalone accounts).61 12p71. if the transferee has the right by contract or custom to sell or repledge the collateral. and (e) pre-payments. 3. 1p78(b) IFRS7p20(e) 1p60. (c) receivables from related parties (refer to Section A5.21). Inventory 1. 4. Disclose the amount of the non-current portion of deferred or current taxes that is expected to be recovered or settled after more than 12 months. Disclose the carrying amount of inventories pledged as security for liabilities. For the offsetting rules of current tax assets and liabilities. the reversal of any write-down that is recognised as a reduction in the amount of inventories recognised as expense in the period. Trade and other receivables 1. 2p36(c) 2p36(d)(e) 2. 3. refer to IAS 12 para 71. Disclose the carrying amount of inventories carried at fair value less costs to sell. Disclose impairment losses recognised during the period on receivables. for the offsetting rules of deferred tax assets and liabilities. disclose the amount of the non-current portion that is expected to be recovered or settled after more than 12 months. Income taxes 1.Disclosure checklist 2009 – Section A5 Y-NA-NM 39p37(a) REF For all transfers that involve collateral. sub- classified by main categories appropriate to the entity. production supplies. Classify deferred tax assets (liabilities) as non-current assets (liabilities) if a distinction between current and non-current assets and liabilities is made on the face of the balance sheet. the transferor reclassifies that asset it its balance sheet separately from other assets. 2. 6. Disclose the amount of inventories and the amount of write- down recognised as expenses during the period. Present deferred tax assets and deferred tax liabilities separately on the face of the balance sheet. materials. 1p60. 12p74 33 Section A – Disclosures for consideration by all entities . Disclose the amount of. with the following specific disclosures: (a) trade receivables. 4.61 1p77 13. For 2p37.

2. (e) accruals. although it is not required by IAS 12. Trade and other payables 1p77 1p60 1. (c) payables to related parties. (d) other payables. and whether there are any potential income tax consequences not practically determinable. 9. for which deferred tax liabilities have not been recognised (IAS 12 para 39). where there are deferred tax items charged or credited to equity during the period). if any) of deductible temporary differences. Where any of the above items combine current and non-current amounts. 8. and (b) the aggregate amount of temporary differences associated with investments in subsidiaries. For deferred taxes. branches and associates and interests in joint ventures. Disclose the aggregate current and deferred tax relating to items charged or credited to equity. If income taxes are payable at a higher or lower rate if part or all of the net profit or retained earnings is paid out as a dividend. when: (a) the utilisation of the deferred tax asset is dependent on future taxable profits in excess of the profits arising from the reversal of existing taxable temporary differences. 34 . and (b) the amount of the deferred tax income or expense recognised in the income statement. Disclose the amount of a deferred tax asset and the nature of the evidence supporting its recognition. with the following specific disclosures: (a) trade payables. and (b) the entity has suffered a loss in either the current or preceding period in the tax jurisdiction to which the deferred tax asset relates. if this is not apparent from the changes in the amounts recognised in the balance sheet (for example. and (b) the amounts of the potential income tax consequences practically determinable. Disclose payables in a manner appropriate to the entity’s operations. It is a helpful ‘proof’ to display the movements during the period in each category of temporary differences in the deferred tax account. 12p82 12p81(a) 7. (b) payables to subsidiaries (in standalone accounts). disclose the amount of the non-current portion that is expected to be recovered or settled after more than 12 months. Disclose: (a) the amount (and expiry date.Disclosure checklist 2009 – Section A5 Y-NA-NM 12p81(e) Section A – Disclosures for consideration by all entities REF 12p81(f) 12p81(g) 5. and unused tax credits for which no deferred tax asset is recognised in the balance sheet. disclose: (a) the nature of the potential income tax consequences that would result from the payment of dividends. unused tax losses. it is useful to disclose the analysis by category of temporary differences. In respect of each type of temporary difference. and in respect of each type of unused tax losses and unused tax credits. 12p82A 15. 6. disclose: (a) the amount of the deferred tax assets and liabilities recognised in the balance sheet for each period presented. and (f) deferred income.

disclose the nature and amount of that change in estimate in a note to the annual financial statements for that financial year. (e) amounts used (incurred and charged against the provision). and (c) the reason why that information has not been disclosed. (d) additional provisions made in the period and increases to existing provisions. and (h) the carrying amount at the end of the period. the information does not need to be disclosed. In extremely rare cases. disclosure of some or all of the information required by IAS 37 paras 84-85 can be expected to prejudice the position of the entity in a dispute with other parties in respect of the matter for which the provision is made. For each class of provision. Provisions are disaggregated into provisions for employee benefits and other items. (b) an indication of the uncertainties about the amount or timing of those outflows (where necessary to provide adequate information. 37p84 1p60 37p85 2. 3. disclose the amount of the non¬current portion (where this can be determined – refer to IAS 19 para 118) that is expected to be recovered or settled after more than 12 months. 1p60 17. Where any provision combines current and non-current amounts. Post-employment benefits – defined benefit plans 1. stating the amount of any asset that has been recognised for that expected reimbursement. Where the amounts recognised in the balance sheet combine current and non-current amounts. In such a situation. provide: (a) a brief description of the nature of the obligation and of the expected timing of any resulting outflows of economic benefits. disclose: (a) the carrying amount at the beginning of the period. 37p92 34p26 4. 5. 19p120A(b) 2. disclose the amount of the non-current portion that is expected to be recovered or settled after more than 12 months. and (c) the amount of any expected reimbursement. 35 Section A – Disclosures for consideration by all entities . This item is applicable only when the reporting entity publishes an interim financial report prepared in accordance with IAS 34. For each class of provision. disclose the major assumptions made concerning future events. (c) provisions acquired through business combinations.Disclosure checklist 2009 – Section A5 Y-NA-NM REF 1p78(d) 16. Provisions 1. If an estimate of an amount reported in an interim period – for example. but the following should be disclosed: (a) the general nature of the dispute. (b) the fact that the information has not been disclosed. a provision – is changed significantly during the final interim period of the financial year but a separate financial report is not published for that final interim period. (g) the increase during the period in the discounted amount arising from the passage of time and the effect of any change in the discount rate. (f) amounts reversed unused. Provide a general description of the type of defined benefit plan. as addressed in IAS 37 para 48). (b) exchange differences from the translation of foreign entities’ financial statements.

(b) actuarial gains and losses. if applicable. showing at least: (a) the net actuarial gains or losses not recognised in the balance sheet. (g) past service cost. Provide a reconciliation of the present value of the defined benefit obligation in para 2 above and the fair value of the plan assets in para 4 above to the assets and liabilities recognised in the balance sheet. and the line item(s) in which they are included: (a) current service cost. Provide the total amount recognised in the statement of recognised income and expense for each of the following: (a) actuarial gains and losses. (c) foreign currency exchange rate changes on plans measured in a currency different from the entity’s presentation currency. Provide a reconciliation of the opening and closing balances 19p120A(g) 19p120A(h). showing separately. Provide the total expense recognised in profit or loss for each of the following. (e) actuarial gains and losses (f) past service cost.Disclosure checklist 2009 – Section A5 Y-NA-NM 19p120A(c) 3. (b) the past service cost not recognised in the balance sheet (refer to IAS 19 para 96). (d) expected return on any reimbursement right recognised as an asset in accordance with IAS 19 para 104A. (b) interest cost. 6. and (h) the effect of the limit in IAS 19 para 58(b). (f) benefits paid. (i) curtailments. (g) business combinations. if applicable. 19p120A(f) 3. (c) any amount not recognised as an asset. Provide an analysis of the defined benefit obligation into amounts arising from plans that are wholly unfunded and amounts arising from plans that are wholly or partly funded. the effects during the period attributable to each of the following: (a) expected return on plan assets. (e) contributions by plan participants. (e) foreign currency exchange rate changes on plans measured in a currency different from the entity’s presentation currency. 19p120A(e) 4. because of the limit in IAS 19 para 58(b). (d) actuarial gains and losses. (f) benefits paid. and (h) settlements. (g) the effect of any curtailment or settlement. (b) interest cost. (h) business combinations. 1p96(b) 7. 5. Provide a reconciliation of opening and closing balances of the Section A – Disclosures for consideration by all entities REF 19p120A(d) present value of the defined benefit obligation showing separately. of the fair value of plan assets and of the opening and closing balances of any reimbursement right recognised as an asset in accordance with IAS 19 para 104A. the effects during the period attributable to each of the following: (a) current service cost. and (j) settlements. (d) contributions by the employer. (c) expected return on plan assets. and (e) the other amounts recognised in the balance sheet. and 36 . (d) the fair value at the balance sheet date of any reimbursement right recognised as an asset in accordance with IAS 19 para 104A (with a brief description of the link between the reimbursement right and the related obligation).

The cumulative amount of actuarial gains and losses recognised 1p96(b) in the statement of recognised income and expense. not just as a margin between different percentages or other variables. and (b) any property occupied by. All other assumptions should be held constant for the purposes of this disclosure. the fair value of the plan assets and the surplus or deficit in the plan. debt instruments. Provide the effect of an increase of one percentage point and 19p120A(p) 15. including. the disclosure should be the effect of a percentage increase or decrease in the assumed medical cost trend rate of a significance similar to one percentage point in a low inflation environment. 19p120A(j) 9. when applicable: (a) the discount rates. Provide the actual return on plan assets. 19p120A(k) 6 10. balance sheet date. or other assets used by. and all other assets – the percentage or amount that each major category constitutes of the fair value of the total plan assets. Provide a narrative description of the basis used to determine the overall expected rate of return on assets. Provide the principal actuarial assumptions used as at the 19p120A(o) 14. and (b) the accumulated post-employment benefit obligation for medical costs. the entity. as well as the actual 19p120A(n) 13. (d) the expected rates of salary increases (and of changes in an index or other variable specified in the formal or constructive terms of a plan as the basis for future benefit increases). property. Provide the amounts for the current annual period and previous 37 Section A – Disclosures for consideration by all entities . 19p120A(i). four annual periods of: (a) the present value of the defined benefit obligation. for: (a) each category of the entity’s own financial instruments. Provide the amounts included in the fair value of plan assets 19p120A(l) 11. or − a percentage of the plan liabilities at the balance sheet date.Disclosure checklist 2009 – Section A5 Y-NA-NM REF (b) the effect of the limit in IAS 19 para 58(b). return on any reimbursement right recognised as an asset in accordance with IAS 19 para 104A. (e) medical cost trend rates. and (b) the experience adjustments arising on: (i) the plan liabilities expressed either as: − an amount. (b) the expected rates of return on any plan assets for the periods presented in the financial statements. including the effect of the major categories of plan assets. For plans operating in a high inflation environment. and 19p120A(m) 12. and (f) any other material actuarial assumptions used (such as details of mortality assumptions). equity instruments. Provide for each major category of plan assets – which should include. as an absolute percentage). the effect of a decrease of one percentage point in the assumed medical cost trend rates on: (a) the aggregate of the current service cost and interest cost components of net periodic post-employment medical costs. but is not limited to. (c) the expected rates of return for the periods presented in the financial statements on any reimbursement right recognised as an asset in accordance with para 104A. Disclose each actuarial assumption in absolute terms (for example. 8.

(a) the contractual agreement or stated policy for charging the defined benefit cost or the fact that there is no such policy. (e) the total of future minimum sublease payments expected to be received under non-cancellable subleases at the balance sheet date. disclose. and (iii) the implications. and their present value. (a) Lessees – finance leases 17p31 1. and their present value. (c) the total of minimum lease payments at the balance sheet date. Lease liabilities Leases are financial instruments and therefore all the disclosure requirements of IFRS 7 apply also to leases – refer to Section A8. (o). refer to Section C4. and (c) to the extent that a surplus or deficit in the plan may affect the amount of future contribution: (i) any available information about that surplus or deficit. for the entity (refer also to IAS 19 paras 32A and 32B). for each of the following periods: (i) no later than one year. Disclose: (a) the net carrying amount for each class of assets at the balance sheet date. (ii) the basis used to determine that surplus or deficit. (j). (c) if the entity accounts for an allocation of the net defined benefit cost in accordance with IAS 19 para 34A. (q) and 121 (items 1-4. For a defined benefit plan that shares risks between entities 18. 19p29(b) 19p30(b)(c) 17. and (d) if the entity accounts for the contribution payable for the period in accordance with IAS 19 para 34A. disclose.Disclosure checklist 2009 – Section A5 Y-NA-NM REF Section A – Disclosures for consideration by all entities (ii) the plan assets expressed either as: − an amount. For lessors. of contributions expected to be paid to the plan during the annual period beginning after the balance sheet date. 14 and 16 above) 19p34B (a)-(d) 19. 18. under common control. (a) the fact that the plan is a defined benefit plan. (n). For multi-employer plans that are treated as defined benefit plans. 19p120A(q) 16. and (iii) later than five years. disclose the information required by IAS 19 para 120A. information about the plan as a whole required in accordance with IAS 19 paras 120A (b)-(e). or − a percentage of the plan assets at the balance sheet date. Note: This section of the checklist applies to lessees. (b) the reason why sufficient information is not available to enable the entity to account for the plan as a defined benefit plan. (b) the policy for determining the contribution to be paid by the entity. if any. (ii) later than one year but no later than five years. (b) a reconciliation between the total minimum lease payments at the balance sheet date. (d) the amount of contingent rents recognised in the income statement for the period. 13. as soon as it can reasonably be determined. For multi-employer plans that are treated as a defined contribution plan. all the information about the plan as a whole in accordance with paras 120-121 (paras 1-17 above). 9. Provide the employer’s best estimate. and 38 .

IAS 40 and IAS 41 apply to lessees for assets leased under finance leases. The disclosure requirements of IAS 16. and (iii) restrictions imposed by lease arrangements. For arrangements that do not involve a lease in substance. Disclose: (a) the total of future minimum lease payments under non¬- cancellable operating leases for each of the following periods: (i) no later than one year. with separate amounts for minimum lease payments. such as those concerning dividends. but is not limited to: (i) the basis on which contingent rent payments are determined. (ii) the existence and terms of renewal or purchase options and escalation clauses. (c) lease and sublease payments recognised in the income statement for the period. to leases under IFRIC4. 17p65 IFRIC4pBC39 3. 11 1. but: (a) disclose those payments separately from minimum lease payments that do not include payments for non-lease elements. additional debt and further leasing. The disclosure requirements set out in Section A5. and (iii) restrictions imposed by lease arrangements. This would include. such as those concerning dividends. (b) the total of future minimum sublease payments to be received under non-cancellable subleases at the balance sheet date. (ii) the existence and terms of renewal or purchase options and escalation clauses.Disclosure checklist 2009 – Section A5 Y-NA-NM REF (f) a general description of the lessee’s significant leasing arrangements. in each period in which an arrangement exists: (a) a description of the arrangement including: (i) the underlying asset and restrictions on its use. disclose the following. 2. additional debt and further leasing. but is not limited to: (i) the basis on which contingent rent payments are determined. The disclosure requirements about leases set out in Section A5. If a purchaser/lessee concludes that it is impractical to separate (c) Arrangements that do not involve a lease in substance SIC27p10. contingent rents and sublease payments. Any unique or unusual provisions in the agreements or terms of the sale and leaseback transactions should be separately disclosed. and (b) state that the disclosed payments also include payments for non-lease elements in the arrangement. individually for each arrangement or in aggregate for each class of arrangement. IAS 38. This would include.18 also apply IFRIC4p15(b) 4. and 39 Section A – Disclosures for consideration by all entities . and (d) a general description of the lessee’s significant leasing arrangements. (ii) the life and other significant terms of the arrangement. the lease payments in an operating lease reliably from other payments. (ii) later than one year and no later than five years. it should treat all payments under the agreement as lease payments for the purpose of complying with the disclosures of IAS 17. IAS 36. and (iii) later than five years. 17p35 (b) Lessees – operating leases 1.18 also apply to sale and leaseback transactions.

61 19. The disclosures in the following paragraph apply to related parties. Disclose relationships between parents and subsidiaries irrespective of whether there have been transactions between those related parties. Disclose the borrowings classified between current and non- current portions. 3. 2. (g) the entity’s or parent’s key management personnel. 2. (b) rectification of a breach of a long-term loan agreement. including any options. and (b) the accounting treatment applied to any fee received. (i) an entity that is controlled. Borrowings and other liabilities Borrowings are financial instruments. those events qualify for disclosure as non-adjusting events in accordance with IAS 10: (a) refinancing on a long-term basis. (d) or (g). In respect of loans classified as current liabilities. (c). individual companies and trusts). (h) close members of the family of any individual referred to in (a). parent companies. and (j) the post-employment benefit plan. (f) joint ventures. (b) subsidiaries and fellow subsidiaries. or for which significant voting power in the entity resides with. all the IFRS 7 isclosure requirements also apply to borrowings. the amount recognised in income in the period. d 1p76 1. which comprise the following entities and individuals: (a) controlling shareholders (for example. 24p9 21. the ultimate controlling party. 32p28 20. Disclose: (a) the nature and extent of government grants recognised. Related-party transactions 1. 1p60. (e) associates. in accordance with IAS 32 para 15. in accordance with IAS 1 paras 69-74. (b) an indication of other forms of government assistance from which the entity has directly benefited.Disclosure checklist 2009 – Section A5 Y-NA-NM REF Section A – Disclosures for consideration by all entities (iii) the transactions that are linked together. and the line item of the income statement in which it is included. (b). jointly controlled or significantly influenced by any individual referred to in (g) or (h). if the following events occur between the balance sheet date and the date the financial statements are authorised for issue. and (c) the granting by the lender of a period of grace to rectify a breach of a long-term loan agreement ending at least twelve months after the reporting period. Government grants 20p39(b)(c) 1. therefore. The issuer of a non-derivative financial instrument should evaluate the terms of the financial instrument to determine whether it contains both a liability and an equity component. (d) parties that have joint control over the entity. Classify such components separately as financial liabilities. If neither the 24p12 40 . and (c) unfulfilled conditions and other contingencies related to government assistance that has been recognised. (c) parties that have an interest in the entity that gives them significant influence over the entity. if different. any individual referred to in (g) or (h). financial assets or equity instruments. Disclose the name of the entity’s parent and. directly or indirectly.

Disclose key management personnel compensation in total and for each of the following categories: (a) short-term employee benefits. 6. 9.Disclosure checklist 2009 – Sections A5-A6 Y-NA-NM REF 24p16 3. Only provide disclosures that related-party transactions were made on an arm’s length basis if such terms can be substantiated. disclose: (a) the nature of related-party relationships. (c) other long-term benefits. (b) types of transactions (for example. (b) post-employment benefits. Participation in a defined benefit plan that shares risks between various entities under common control (for example. disclose items of similar nature separately. Make the disclosures required by paragraph 4 above separately for each of the following categories: (a) the parent. (e) provisions for doubtful debts related to the amount of outstanding balances. IAS 24 para 20 contains examples of situations that may require disclosure. loans and guarantees). (d) the amount of outstanding balances (including terms and conditions. (c) if the entity accounts for an allocation of the net defined benefit cost in accordance with IAS 19 para 34A. (e) joint ventures in which the entity is a venturer. (f) entity’s or parent’s key management personnel. goods or services sold/ purchased. and (g) other related parties. directors’ remuneration and emoluments. 7. 5. rather than in aggregate. in accordance with IAS 24 para 22. (d) termination benefits. (b) entities with joint control or significant influence over the entity. secured or not. Separately provide disclosures where the entity re-acquires its own equity instruments from related parties. (d) associates. the nature of the consideration be provided in settlement and an guarantees given or received). management services. (c) subsidiaries. and (e) share-based payments. and 24p20 24p22 24p21 32p34 19p34B 41 Section A – Disclosures for consideration by all entities . (c) the amount of transactions. 8. all the information about the plan as a whole in accordance with IAS 19 paras 120-121. Make the following disclosures in the separate or individual financial statements: (a) the contractual agreement or stated policy for charging the net defined benefit cost or the fact that there is no such policy. entity’s parent nor the ultimate controlling party produces financial statements available for public use. and (f) the expense recognised during the period in respect of bad or doubtful debts due from related parties. Where there have been transactions between related parties. Where necessary for an understanding of the effects of related- party transactions on the financial statements. 24p17(a-d) to 24p18 4. a parent and its subsidiaries) is a related-party transaction for each individual group entity. (b) the policy for determining the contribution to be paid by the entity. disclose the name of the next most senior parent that does so.

4. (b) where practicable. and (c) the reason why it has not been disclosed.Disclosure checklist 2009 – Section A5 Y-NA-NM REF Section A – Disclosures for consideration by all entities (d) if the entity accounts for the contribution payable for the period in accordance with IAS 19 para 34A. 37p91 37p92 19p125 19p141 42 . (o). an estimate of their financial effect. Contingencies 1. (b) the fact that the required information has not been disclosed. Disclose for contingent assets. and (iii) the possibility of any reimbursement. Where a provision and a contingent liability arise from the same set of circumstances. disclose that fact. maintenance or enhancements of investment property. measured under IAS 37 para 36-52. 22.17B para 18. Disclose contingent liabilities arising from: (a) post-employment benefit obligations. Refer also to the commitments in respect of lease agreements in Section A5. and (c) where any of this information is not disclosed because it is not practicable to do so. (j). where an inflow of economic benefits is probable: (a) a brief description of the nature of the contingent asset. disclosure of some or all of the information required by IAS 37 paras 86-89 on contingencies (items 1 to 3 above) can be expected to seriously prejudice the position of the entity in a dispute with other parties on the subject matter of the contingent liability or contingent asset.18 and commitments in respect of joint ventures in Section A5. due to the uncertainty over the number of employees who will accept an offer of termination benefits). Disclose for each class of contingent liability. the information need not be disclosed but the following must be disclosed: (a) the general nature of the contingencies. (n). and (b) intangible assets. (b) where practicable.18 and contingencies in respect of joint ventures in Section A5. and (b) termination benefits (for example. (q) and 121. plant and equipment. and (b) for repairs. (ii) an indication of the uncertainties about the amount or timing of any outflow. 37p86(a) 37p86(b) 37p86(c) 37p91 37p88 37p89 2. Refer also to the contingencies in respect of lease agreements in Section A5. the information about the plan as a whole required in accordance with IAS 19 paras 120A(b)-(e). disclose that fact. unless the possibility of any outflow in settlement is remote: (a) a brief description of the nature of the contingent liability. In such cases. disclose also: (i) an estimate of its financial effect. The amount of contractual commitments for the acquisition of: (a) property. and (c) where this information is not disclosed because it is not practicable to do so.9. 5. construct or develop investment property. The other disclosures required by IAS 19 para 120A do not apply.9. Contractual obligations: (a) to purchase. Refer also to section A5. In extremely rare cases. 2. measured under IAS 37 para 36-52. Commitments 16p74(c) 38p122(e) 40p75(h) Disclose: 1. show the link between the provision and the contingent liability. 37p86 23. 3.

If it is impracticable to disclose any of this information.Disclosure checklist 2009 – Section A5 Y-NA-NM REF 10p12 1p125(a) 24. 2. In addition. Disclose the amount of dividends proposed or declared before the financial statements were authorised for issue but not recognised as a distribution to equity holders during the period. for which the basic and diluted earnings per share are adjusted retrospectively – that occur after the balance sheet date and that would have changed significantly the number of ordinary shares or potential ordinary shares outstanding at the end of the period if those transactions had occurred before the end of the reporting period. Disclose the fact that per-share calculations reflect such changes in the number of shares. disclose: (a) the nature of the potential income tax consequences that would result from the payment of dividends. If the number of ordinary or potential ordinary shares outstanding increases as a result of a capitalisation. Examples are provided in IAS 33 para 71. Provide a description of ordinary share transactions or potential ordinary share transactions – other than capitalisation. disclose this fact and an explanation of why this is the case. Business combinations. Disclose the amount of income tax consequences of dividends that were proposed or declared after the balance sheet date but before the financial statements were authorised for issue. after the balance sheet date and before the financial statements are issued. 43 Section A – Disclosures for consideration by all entities . disclose: (a) the nature of the event. adjust the calculation of basic and diluted earnings per share for all periods presented retrospectively. and (b) an estimate of the financial effect. or decreases as a result of a reverse share split. 7. 5. make all relevant disclosures (refer to Section A7). or a statement that such an estimate cannot be made. and (b) the amounts of the potential income tax consequences practically determinable and whether there are any potential income tax consequences not practically determinable. and the related amount per share. Where events occurring after the balance sheet date do not affect the condition of assets or liabilities at the balance sheet date (ie. bonus issue or share split. 33p70(d) 12p81(i) 12p82A 6. base the per share calculations for those and any prior-period financial statements presented on the new number of shares. 10p21 IFRS 3p66(b) 3. If income taxes are payable at a higher or lower rate if part or all of the net profit or retained earnings is paid out as a dividend to shareholders. non-adjusting) but are of such importance that non- disclosure would affect the ability of the users of the financial statements to make proper evaluations and decisions. If a business combination takes effect 33p64 4. Events after the reporting period 1. If these changes occur after the balance sheet date but before the financial statements are authorised for issue. bonus issues or share splits. Examples of non-adjusting events that would generally require disclosure are provided in IAS 10 para 22. accounted for retrospectively. adjust basic and diluted earnings per share of all periods presented for the effects of errors and adjustments resulting from changes in accounting policies.

and (c) disclose the total amount of taxes paid when tax cash flows are allocated over more than one class of activity. A6 Statement of cash flows 1. Disclose non-cash transactions separately in the note to the cash flow statement. and (b) cash receipts and payments for items in which the turnover is quick. For cash flows from interest and dividends. and (c) conversion of debt to equity. (c) dividends received. investing or financing activities. 2. update the disclosures that relate to those conditions in the light of the new information. or (b) the indirect method. (b) classify taxes paid as cash flows from operating activities unless specifically identified with financing and investing activities. investing and financing activities. adjusting net profit and loss for the effects of: (i) any transactions of a non-cash nature. For cash flows arising from taxes on income: (a) disclose taxes paid. 7p21 7p22 7p43 7p44 7p35 7p36 2. Disclose cash flows from operating activities using either: (a) the direct method. exclude from the cash flow statement those investing and financing transactions that do not require the use of cash and cash equivalents. proceeds from new borrowings have to be displayed separately from repayments of borrowings. The following cash flows arising from the operating. For example. investing or financing activities may be reported on a net basis (IAS 7 para 23): (a) cash receipts and payments on behalf of customers when the cash flows reflect the activities of the customer rather than those of the entity.Disclosure checklist 2009 – Sections A5-A6 Y-NA-NM 10p19 Section A – Disclosures for consideration by all entities REF 8. Classify cash flows into three activities: operating. disclosing major classes of gross cash receipts or payments. 5. Classify each of the above items in a consistent manner from period to period as either operating. 2. For non-cash transactions. and (iii) items of income or expense associated with investing or financing cash flows. Examples of non-cash transactions are: (a) acquisition of assets either by assuming directly related liabilities or by means of a finance lease. 7p31 44 . 3. For cash flows from investing and financing activities. and (d) dividends paid. (b) interest paid. the amounts are large and the maturities are short. disclose separately major classes of gross cash receipts and gross cash payments (except as noted in para 4 below). Individual items 1. disclose: (a) interest received. (b) acquisition of an entity by means of an equity issue. If an entity receives information after the balance sheet date about conditions that existed at the balance sheet date. 4. (ii) any deferrals or accruals of past or future operating cash receipts or payments. General presentation 7p18 1.

the financial statements. disclose: (a) the names and descriptions of the combining entities or businesses. For cash and cash equivalents. (b) investing activities. disclose: (a) the components. and (b) disposals of subsidiaries or other business units. (b) the aggregate amounts of the cash flows from each of operating. indicating any restrictions as to the use of these facilities. and (c) financing activities. IFRS5p33(c) 6. These disclosures may be presented either in the notes to. Disclose the amount of significant cash and cash equivalent balances held by the entity that are not available for use by the group. flows from: (a) operating activities. (d) the percentage of voting equity instruments acquired.Disclosure checklist 2009 – Sections A6-A7 Y-NA-NM 7p33 REF 7p33 3. When equity instruments are issued or issuable as part of the cost. Interest and dividends received are normally classified as either operating or investing activities. and provide a commentary by management. Discontinued operations. the following should also be disclosed: 45 Section A – Disclosures for consideration by all entities . Dividends paid are normally classified as either financing or operating activities. Aggregate cash flows arising from the following are presented separately and classified as investing activities: (a) acquisitions. Provide additional information relevant to understanding the financial position and liquidity of an entity. Disclose the amounts of net cash 7. 7p34 7p39 7p45 7p48 4. and (d) the amount of cash flows arising from the operating. and (b) reconciliation of amounts in cash flow statement with cash and cash equivalents in the balance sheet. investing and financing activities of each reported industry and geographical segment. Refer also to the disclosure requirements for acquisitions and disposals in Section A7. For each business combination that took effect during the reporting period. (b) the acquisition date. Voluntary disclosures. or on the face of. including any costs directly attributable to the combination. (e) the cost of the combination and a description of the components of that cost. DV. Business combinations IFRS3p67 1. 7p50 5. A7 Business combinations and disposals 1. investing and financing activities related to interests in joint ventures reported using proportionate consolidation. (c) details of any operations that the entity has decided to dispose of as a result of the combination. (c) the aggregate amount of cash flows that represent increases in operating capacity separately from those cash flows that are required to maintain operating capacity. Interest paid is normally classified as either operating or financing activities. and a commentary by management: (a) the amount of undrawn borrowing facilities available for future operating activities and to settle capital commitments.

liabilities and contingent liabilities. – the method and significant assumptions used to attribute a value to the equity instruments. and the carrying amounts of each of those classes. summarised by each major category. determined in accordance with IFRS. or a description of the nature of any excess recognised in profit or loss. (c) the amount of cash and cash equivalents in the subsidiary or business unit acquired. If a published price does not exist for the instruments at the date of exchange. The acquirer should also disclose: (a) the revenue of the combined entity for the period as if the acquisition date for all business combinations that took effect during the reporting period had been at the beginning of that period. and (d) the amount of the assets and liabilities other than cash or cash equivalents in the subsidiary or business unit acquired. 3. that fact should be disclosed together with: – the reasons why the published price has not been used. including a description of each intangible asset that was not recognised separately from goodwill and an explanation of why the fair value of this asset could not be measured reliably. If the initial accounting for a business combination that took effect during the reporting period has been determined only provisionally. the significant assumptions used to determine fair value should be disclosed. (b) the portion of the total purchase consideration discharged by means of cash and cash equivalents. (g) the amount of any excess recognised in profit or loss in accordance with IFRS 3 para 56 and the line item in the income statement in which the excess is recognised. Disclose the information required under IFRS 3 para 67 (refer to para 1 above) in aggregate for business combinations that took effect during the reporting period and that are individually immaterial. and – the aggregate amount of the difference between the value attributed to. In respect of acquisitions of subsidiaries or other business units. 4. (h) a description of the factors that contributed to a cost that results in the recognition of goodwill. disclose this fact together with an explanation of why this is the cas IFRS3p66(b) IFRS3p68 7p40 2. 5. (f) the amounts recognised at the acquisition date for each class of the acquiree’s assets. if it is impracticable to disclose any of this information. the equity instruments. as described in IFRS 3 para 62. and the published price of. unless impracticable. immediately before the combination. and (ii) the fair value of those instruments and the basis for determining that fair value. If such disclosure would be impracticable. and IFRS3p69 IFRS3p70 46 . disclose that fact. that fact should be disclosed.Disclosure checklist 2009 – Section A7 Y-NA-NM REF Section A – Disclosures for consideration by all entities (i) the number of equity instruments issued or issuable. together with an explanation of why this is the case. If a published price exists at the date of exchange but has not been used as the basis for determining the cost of the combination. disclose in aggregate: (a) the total purchase consideration. together with an explanation of why this is the case. All relevant disclosures required by IFRS 3 should also be made for business combinations after the balance sheet date and before the date on which the financial statements are issued. and (i) the amount of the acquiree’s profit or loss since the acquisition date included in the acquirer’s profit or loss for the period.

Take into account the characteristics of those financial instruments. (e) financial liabilities at fair value through profit or loss. together with an explanation of why this is the case. Disclose information that enables users of the financial statements to evaluate the significance of financial instruments for financial position and performance IFRs7p7 IFRS7p8 2. and (ii) those classified as held for trading in accordance with IAS 39. Disposals 7p40 1. as required by IAS 8. Categories of financial assets and financial liabilities Disclose either on the face of the balance sheet or in the notes the carrying amounts of each of the following categories. (c) the amount of cash and cash equivalents in the subsidiary or business unit disposed of. disclose that fact. 2. A8 Financial instruments 1.Disclosure checklist 2009 – Sections A7-A8 Y-NA-NM REF IFRS3p73 (b) the profit or loss of the combined entity for the period as if the acquisition date for all business combinations that took effect during the reporting period had been at the beginning of that period. group the financial instruments into classes that are appropriate to the nature of the information disclosed. showing separately: (i) those designated as such upon initial recognition. (d) available-for-sale financial assets. and (c) the information about error corrections that the acquirer recognises during the current reporting period. and (d) the amount of the assets and liabilities other than cash or cash equivalents in the subsidiary or business unit disposed of. (b) the portion of the total disposal consideration discharged by means of cash and cash equivalents. as defined in IAS 39: (a) financial assets at fair value through profit or loss. disclose in aggregate: (a) the total disposal consideration. In respect of disposals of subsidiaries or other business units. 47 Section A – Disclosures for consideration by all entities . (b) the amounts and explanations of the adjustments to the provisional values recognised during the current reporting period. showing separately: (i) those designated as such upon initial recognition. and (ii) those classified as held for trading in accordance with IAS 39. and (f) financial liabilities measured at amortised cost. General disclosures IFRS7p6 AppxB1-B3 When IFRS 7 requires disclosures by class of financial instrument. 6. (c) loans and receivables. If disclosure of this information would be impracticable. The acquirer should also disclose the following information relating to business combinations that took effect in the current or previous periods: (a) the amount and an explanation of any material gain or loss recognised in the current reporting period. summarised by each major category. Provide sufficient information to permit reconciliation to the line items presented in the balance sheet. (b) held-to-maturity investments.

If a loan or receivable (or group of loans or receivables) is designated as at fair value through profit or loss. Changes in market conditions that give rise to market risk include changes in a benchmark interest rate. disclose: (a) the amount of change. For contracts that include a unit-linking feature. during the period and cumulatively. IFRS7p11 AppxB4 2. 48 . and (b) if the entity believes that the disclosure it has given to comply with the requirements in IFRS 7 para 9(c) and IFRS 7 para 10(a) does not faithfully represent the change in the fair value of the financial asset or financial liability attributable to changes in its credit risk. Disclose: (a) the methods used to comply with the requirements in IFRS 7 para 9(c) and IFRS 7 para 10(a). If the entity has designated a financial liability as at fair value through profit or loss in accordance with IAS 39 para 9.Disclosure checklist 2009 – Section A8 Y-NA-NM REF Section A – Disclosures for consideration by all entities 3. the reasons for reaching this conclusion and the factors it believes are relevant. or (ii) using an alternative method that the entity believes more faithfully represents the amount of change in its fair value that is attributable to changes in the credit risk of the liability. the price of another entity’s financial instrument. foreign exchange rate or index of prices or rates. Changes in market conditions that give rise to market risk include changes in an observed (benchmark) interest rate. Financial assets or financial liabilities at fair value through profit or loss IFRS7p9 IFRS7p10 1. and (b) the difference between the financial liability’s carrying amount and the amount the entity would be contractually required to pay at maturity to the holder of the obligation 3. disclose: (a) the maximum exposure to credit risk (see IFRS7p36(a)) of the loan or receivable (or group of loans or receivables) at the reporting date. commodity price. during the period and cumulatively. (b) the amount by which any related credit derivatives or similar instruments mitigate that maximum exposure to credit risk. changes in market conditions include changes in the performance of the related internal or external investment fund. in the fair value of the loan or receivable (or group of loans or receivables) that is attributable to changes in the credit risk of the financial asset determined either: (i) as the amount of change in its fair value that is not attributable to changes in market conditions that give rise to market risk. in the fair value of the financial liability that is attributable to changes in the credit risk of that liability determined either: (i) as the amount of change in its fair value that is not attributable to changes in market conditions that give rise to market risk (see IFRS 7 Appendix B4). and (d) the amount of the change in the fair value of any related credit derivatives or similar instruments that has occurred during the period and cumulatively since the loan or receivable was designated. (c) the amount of change. a commodity price.a foreign exchange rate or an index of prices or rates. or (ii) using an alternative method that the entity believes more faithfully represents the amount of change in its fair value that is attributable to changes in the credit risk of the asset.

IFRS7p12A 2. if the entity has the intention and ability to hold that financial asset for the foreseeable future. Derecognition IFRS7p13 If financial assets have been transferred in such a way that part or all of the financial assets do not qualify for derecognition (see IAS 39 paras 15-37). and (f) the effective interest rate and estimated amounts of cash flows the entity expects to recover. and (d) when the entity continues to recognise the assets to the extent of its continuing involvement. issued in October 2008. and the carrying amount of the associated liabilities. and the facts and circumstances indicating that the situation was rare. (d) for the reporting period when the financial asset was reclassified. loss. and the gain.Disclosure checklist 2009 – Section A8 Y-NA-NM REF IFRS7p12 4. (b) for each reporting period until derecognition. (c) if a financial asset was reclassified in accordance with paragraph 50B. disclose the amount reclassified into and out of each category and the reason for that reclassification An amendment to IAS 39. or (b) at fair value. If the entity has reclassified a financial asset (in accordance with paragraphs IAS 39 paras 51-54) as one measured: (a) at cost or amortised cost. as at the date of reclassification of the financial asset. the fair value gain or loss that would have been recognised in profit or loss or other comprehensive income if the financial asset had not been reclassified. Reclassification 1. disclose: (a) the amount reclassified into and out of each category. (b) the nature of the risks and rewards of ownership to which the entity remains exposed. the carrying amounts of the assets and of the associated liabilities. (e) for each reporting period following the reclassification (including the reporting period in which the financial asset was reclassified) until derecognition of the financial asset. permits an entity to reclassify non-derivative financial assets (other than those designated at fair value through profit or loss by the entity upon initial recognition) out of the fair value through profit or loss category in particular circumstances. 5. the total carrying amount of the original assets. income and expense recognised in profit or loss. the fair value gain or loss on the financial asset recognised in profit or loss or other comprehensive income in that reporting period and in the previous reporting period. (c) when the entity continues to recognise all of the assets. 49 Section A – Disclosures for consideration by all entities . The amendment also permits an entity to transfer from the available-for-sale category to the loans and receivables category a financial asset that would have met the definition of loans and receivables (if the financial asset had not been designated as available for sale). the amount of the assets that the entity continues to recognise. the carrying amounts and fair values of all financial assets that have been reclassified in the current and previous reporting periods. rather than at cost or amortised cost. If the entity has reclassified a financial asset out of the fair value through profit or loss category in accordance with IAS 39 paras 50B or 50D or out of the available-for-sale category in accordance with paragraph 50E of IAS 39. the rare situation. disclose for each class of such financial assets: (a) the nature of the assets. rather than at fair value.

gains or losses Disclose the following items of income. or the terms of the loans payable were renegotiated. and those on financial assets or IFRS7p20 AppxB1-B3. For loans payable recognised at the reporting date. expense. (b) the fair value of any such collateral sold or repledged.Disclosure checklist 2009 – Section A8 Y-NA-NM REF Section A – Disclosures for consideration by all entities 6. before the financial statements were authorised for issue. gains or losses either on the face of the financial statements or in the notes: (a) net gains or net losses on: (i) financial assets or financial liabilities at fair value through profit or loss. 2. Compound financial instruments with multiple embedded derivatives If the entity has issued an instrument that contains both a liability and an equity component (IAS 32 para 28) and the instrument has multiple embedded derivatives whose values are interdependent (such as a callable convertible debt instrument). disclose the existence of those features. When the entity holds collateral (of financial or non-financial assets) and is permitted to sell or repledge the collateral in the absence of default by the owner of the collateral. B5(d) When financial assets are impaired by credit losses and the entity records the impairment in a separate account (for example. IFRS7p17 8. Allowance account for credit losses IFRS7p16 AppxB1-B2. Collateral IFRS7p14 IFRS7p15 1. B5(d) 50 . disclose a reconciliation of changes in that account during the period for each class of financial assets. 9. expense. Items of income. interest. on or before the reporting date). and (c) the terms and conditions associated with its use of the collateral. disclose the same information as required by IFRS 7 para18 if those breaches permitted the lender to demand accelerated repayment (unless the breaches were remedied. an allowance account used to record individual impairments or a similar account used to record a collective impairment of assets) rather than directly reducing the carrying amount of the asset. disclose: (a) details of any defaults during the period of principal. Disclose: (a) the carrying amount of financial assets that the entity has pledged as collateral for liabilities or contingent liabilities. 2. including amounts that have been reclassified in accordance with IAS 39 para 37(a). and (b) the terms and conditions relating to its pledge. or the terms of the loan were renegotiated. sinking fund or redemption terms of those loans payable. Defaults and breaches IFRS7p18 IFRS7p19 1. 10. If during the period there were breaches of loan agreement terms other than those described in IFRS 7 para 18. and (c) whether the default was remedied. disclose: (a) the fair value of the collateral held. and whether the entity has an obligation to return it. 7. showing separately those on financial assets or financial liabilities designated as such upon initial recognition. (b) the carrying amount of the loans payable in default at the reporting date.

For instruments designated in accordance with IAS 39 para 9(b)(i) of the definition of a financial asset or financial liability at fair value through profit or loss. and (v) financial liabilities measured at amortised cost. Disclosure required by IFRS 7 para 21 may include: (a) for financial assets or financial liabilities designated as at fair value through profit or loss: (i) the nature of the financial assets or financial liabilities the entity has designated as at fair value through profit or loss. in the case of a reversal of a write-down. (iv) loans and receivables. retirement benefit plans and other institutions. include a narrative description of the circumstances underlying the measurement or recognition inconsistency that would otherwise arise. IAS 39 para 11A or IAS 39 para 12 for such designation. and (ii) trust and other fiduciary activities that result in the holding or investing of assets on behalf of individuals. include a narrative description of how designation at fair value through profit or loss is consistent with the entity’s documented risk management or investment strategy. increased directly) and when the allowance account is used. (d) interest income on impaired financial assets accrued in accordance with IAS 39 AG 93. (b) total interest income and total interest expense (calculated using the effective interest method) for financial assets or financial liabilities that are not at fair value through profit or loss. (c) whether regular way purchases and sales of financial assets are ccounted for at trade date or at settlement date (see a IAS 39 para 38). trusts.Disclosure checklist 2009 – Section A8 Y-NA-NM REF financial liabilities that are classified as held for trading in accordance with IAS 39. 11. Disclose in the summary of significant accounting policies the measurement basis (or bases) used in preparing the financial statements and the other accounting policies used that are relevant to an understanding of the financial statements. (ii) the criteria for designating such financial assets or financial liabilities on initial recognition. (ii) available-for-sale financial assets. Other disclosures IFRS7p21 1p117 (a) Accounting policies IFRS7 AppxB5 1. showing separately the amount of gain or loss recognised directly in equity during the period and the amount removed from equity and recognised in profit or loss for the period. and 51 Section A – Disclosures for consideration by all entities . For instruments designated in accordance with IAS 39 para 9(b)(ii) of the definition of a financial asset or financial liability at fair value through profit or loss. (c) fee income and expense (other than amounts included in determining the effective interest rate) arising from: (i) financial assets or financial liabilities that are not at fair value through profit or loss. (d) when an allowance account is used to reduce the carrying amount of financial assets impaired by credit losses: (i) the criteria for determining when the carrying amount of impaired financial assets is reduced directly (or. (b) the criteria for designating financial assets as available for sale. and (e) the amount of any impairment loss for each class of financial asset. and (iii) how the entity has satisfied the conditions in IAS 39 para 9. (iii) held-to-maturity investments.

52 . (b) Hedge accounting Disclose the following separately for each type of hedge described in IAS 39 (ie. the accounting policy for financial assets that are the subject of renegotiated terms (see IFRS 7 para 36(d)). and (ii) on the hedged item attributable to the hedged risk. Disclose separately: (a) in fair value hedges. (e) how net gains or net losses on each category of financial instrument are determined (see IFRS 7 para 20(a)). If the step-by-step method of consolidation is used. in the summary of significant accounting policies or other notes. disclose: (a) the periods when the cash flows are expected to occur and when they are expected to affect profit or loss. (f) the criteria the entity uses to determine that there is objective evidence that an impairment loss has occurred (see IFRS 7 para 20(e)). (ii) the criteria for writing off amounts charged to the allowance account against the carrying amount of impaired financial assets (see IFRS 7 para 16). the judgements. (b) a description of any forecast transaction for which hedge accounting had previously been used. that management has made in the process of applying the entity’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements (see IAS 1 para 122). 2. (b) a description of the financial instruments designated as hedging instruments and their fair values at the reporting date. and (e) the amount that was removed from equity during the period and included in the initial cost or other carrying amount of a non-financial asset or non-financial liability whose acquisition or incurrence was a hedged highly probable forecast transaction. 1. disclose whether the entity has chosen to adjust the amounts reclassified to profit or loss on a disposal (or partial disposal) of a foreign operation to the amount that arises under the direct method. and (g) when the terms of financial assets that would otherwise be past due or impaired have been renegotiated. cash flow hedges and hedges of net investments in foreign operations): (a) a description of each type of hedge. gains or losses: (i) on the hedging instrument.Disclosure checklist 2009 – Section A8 Y-NA-NM REF Section A – Disclosures for consideration by all entities IFRS7p22 2. apart from those involving estimations. 3. for example. IFRS7p23 IFRS7p24 IFRIC16p17 4. fair value hedges. (d) the amount that was removed from equity and included in profit or loss for the period. whether the net gains or net losses on items at fair value through profit or loss include interest or dividend income. showing the amount included in each line item in the income statement. and (c) the nature of the risks being hedged. Disclose. (c) the amount that was recognised in equity during the period. and (c) the ineffectiveness recognised in profit or loss that arises from hedges of net investments in foreign operations. but which is no longer expected to occur. For cash flow hedges. (b) the ineffectiveness recognised in profit or loss that arises from cash flow hedges.

as prices) or indirectly (that is. either directly (that is. and a description of where they are presented in the statement of comprehensive income or the separate income statement (if presented). Disclose for each class of financial instrument the methods Appx B1-B3 and. disclosing separately changes during the period attributable to the following: (i) total gains or losses for the period recognised in profit or loss. (b) inputs other than quoted prices included within Level 1 that are observable for the asset or liability. Assessing the significance of a particular input to the fair value measurement in its entirety requires judgement. that measurement is a Level 3 measurement. 53 Section A – Disclosures for consideration by all entities . The significance of an input is assessed against the fair value measurement in its entirety. and total assets or total liabilities. (b) any significant transfers between Level 1 and Level 2 of the fair value hierarchy and the reasons for those transfers. derived from prices) (Level 2). (c) Fair value Except as set out in IFRS 7 para 29. disclose that change and the reasons for making it.Disclosure checklist 2009 – Section A8 Y-NA-NM REF IFRS7p25 AppxB1-B3 1. For this purpose. if applicable. If a fair value measurement uses observable inputs that require significant adjustment based on unobservable inputs. considering factors specific to the asset or liability. The fair value hierarchy has the following levels: (a) quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1). when a valuation technique is used. segregating fair value measurements in accordance with the levels defined in IFRS 7 para 27A. For fair value measurements recognised in the statement of financial position. rates of estimated credit losses. (c) for fair value measurements in Level 3 of the fair value hierarchy. classify fair value measurements using a fair value hierarchy that reflects the significance of the inputs used in making the measurements. In disclosing fair values. the assumptions IFRS7p27A applied in determining fair values of each class of financial assets or financial liabilities. for each class of financial assets and financial liabilities (see IFRS 7 para 6). disclose for each class of financial instrument: (a) the level in the fair value hierarchy into which the fair value measurements are categorised in their entirety. If there has been a change in valuation technique. significance is judged with respect to profit or loss. To make the disclosures required by paragraph 27B. 4. IFRS7p26 AppxB1-B3 IFRS7p27 2. an entity discloses information about the assumptions relating to prepayment rates. For example. and (c) inputs for the asset or liability that are not based on observable market data (unobservable inputs) (Level 3). group financial assets and financial liabilities into classes. disclose the fair value of that class of assets and liabilities in a way that permits it to be compared with its carrying amount. The level in the fair value hierarchy within which the fair value measurement is categorised in its entirety is determined on the basis of the lowest level input that is significant to the fair value measurement in its entirety. but offset them only to the extent that their carrying amounts are offset in the statement of financial position. a reconciliation from the beginning balances to the ending balances. and interest rates or discount rates. Transfers into each level are disclosed and discussed separately from transfers out of each level. IFRS7p27B 3.

the fair value of the consideration given or received). (b) a description of the financial instruments. including: (a) the fact that fair value information has not been disclosed for these instruments because their fair value cannot be measured reliably. transfers attributable to changes in the observability of market data) and the reasons for those transfers. disclose. 7. sales. In the cases described in IFRS 7 para 29(b) and (c). and total assets or total liabilities. or derivatives linked to such equity instruments. If the market for a financial instrument is not active. or. for financial instruments such as short-term trade receivables and payables). (b) for an investment in equity instruments that do not have a quoted market price in an active market. when changes in fair value are recognised in other comprehensive income. The best evidence of fair value at initial recognition is the transaction price (ie. For this purpose. disclose information to help users of the financial statements make their own judgements about the extent of possible differences between the carrying amount of those financial assets or financial liabilities and their fair value. If such a difference exists. and (iv) transfers into or out of Level 3 (for example. There could be a difference between the fair value at initial recognition and the amount that would be determined at that date using the valuation technique. if changing one or more of the inputs to reasonably possible alternative assumptions would change fair value significantly. Disclose the quantitative disclosures in IFRS 7 para 27B in tabular format unless another format is more appropriate. that is measured at cost in accordance with IAS 39 because its fair value cannot be measured reliably. by class of financial instrument: (a) the accounting policy for recognising that difference in profit or loss to reflect a change in factors (including time) that market participants would consider in setting a price (see IAS 39 AG76A). Disclosures of fair value are not required: (a) when the carrying amount is a reasonable approximation of fair value (for example. 54 . its fair value is established using a valuation technique (see IAS 39 AG74-79). or (c) for a contract containing a discretionary participation feature (as described in IFRS 4) if the fair value of that feature cannot be measured reliably. The entity discloses how the effect of a change to a reasonably possible alternative assumption was calculated. issues and settlements (each type of movement disclosed (a) separately). total equity. significance is judged with respect to profit or loss. (ii) total gains or losses recognised in other comprehensive income. their carrying IFRS7p29 IFRS7p30 6. then the entity states that fact and discloses the effect of those changes. For significant transfers. and (b) the aggregate difference yet to be recognised in profit or loss at the beginning and end of the period and a reconciliation of changes in the balance of this difference. and (e) for fair value measurements in Level 3. (d) the amount of total gains or losses for the period in (c)(i) included in profit or loss that are attributable to gains or losses relating to those assets and liabilities held at the end of the reporting period and a description of where those gains or losses are presented in the statement of comprehensive income or the separate income statement (if presented). (iii) purchases. transfers into Level 3 are disclosed and discussed separately from transfers out of Level 3.Disclosure checklist 2009 – Section A8 Y-NA-NM REF Section A – Disclosures for consideration by all entities IFRS7p28 5. unless conditions described in IAS 39 AG76 are met.

credit risk. (b) a description of the shared characteristic that identifies each concentration (for example. Qualitative disclosures IFRS7p33 For each type of risk arising from financial instruments. IFRS7p34 AppdxB7. For each type of risk arising from financial instruments. to the extent not provided in (a). (d) information about whether and how the entity intends to dispose of the financial instruments. but are not limited to. geographical area. and (c) any changes in (a) or (b) from the previous period. that fact. liquidity risk and market risk. and the amount of gain or loss recognised. Quantitative disclosures 1. disclose: (a) summary quantitative data about exposure to that risk at the reporting date. counterparty. disclose: (a) the exposures to risk and how they arise. taking into account the circumstances of the entity. 13. This disclosure should be based on the information provided internally to key management personnel of the entity (as defined in IAS 24). The identification of concentrations of risk requires judgement. (b) the disclosures required by IFRS 7 para 36-42. Concentrations of risk arise from financial instruments that have similar characteristics and are affected similarly by changes in economic or other conditions. IFRS7p32 The disclosures required by IFRS 7 para 33-42 focus on the risks that arise from financial instruments and how they have been managed. IFRS 7 para 34(c) requires disclosures about concentrations of risk. (c) information about the market for the instruments. and an explanation of why fair value cannot be measured reliably. policies and processes for managing the risk and the methods used to measure the risk. the financial statements are incomplete. for example the entity’s board of directors or chief executive officer. B10A 14. unless the risk is not material (see IAS 1 paras 29-31 for a discussion of materiality). Nature and extent of risks arising from financial instruments IFRS7p31 IFRS7 AppdxB6 Disclose information that enables users of the financial statements to evaluate the nature and extent of risks arising from financial instruments to which the entity is exposed at the reporting date. Without the information incorporated by cross-reference. their carrying amount at the time of derecognition. that is available to users of the financial statements on the same terms as the financial statements and at the same time. IFRS7 AppdxB8 55 Section A – Disclosures for consideration by all entities . and (e) if financial instruments whose fair value previously could not be reliably measured are derecognised. These risks typically include. and (c) concentrations of risk if not apparent from (a) and (b). The disclosures required by IFRS 7 paras 31-42 should either be given in the financial statements or incorporated by crossreference from the financial statements to some other statement. 12. (b) objectives. such as a management commentary or risk report. and (c) the amount of the risk exposure associated with all financial instruments sharing that characteristic. Include in the disclosure of concentrations of risk: (a) a description of how management determines concentrations. currency or market).Disclosure checklist 2009 – Section A8 Y-NA-NM REF amount.

The maturity analysis should include the remaining contractual maturities that are essential for an understanding of the timing of the cash flows. use judgement to determine an appropriate number of time bands. (a) Credit risk Disclose by class of financial instrument: (a) the amount that best represents the entity’s maximum exposure to credit risk at the reporting date without taking account of any collateral held or other credit enhancements (for example. and (c) a description of how the liquidity risk inherent in (a) and (b). guarantees). (b) Liquidity risk Disclose: (a) a maturity analysis for non-derivative financial liabilities (including issued financial guarantee contracts) that shows the remaining contractual maturities. an entity might determine that the following time bands are appropriate: (a) no later than one month. IFRS7p39 AppdxB10A -B11A. a description of collateral held by the entity as security and other credit enhancements and. Financial assets that are either past due or impaired Disclose by class of financial asset: (a) an analysis of the age of financial assets that are past due as at the reporting date but not impaired. (b) an analysis of financial assets that are individually determined to be impaired as at the reporting date. When an entity obtains financial or non-financial assets during the period by taking possession of collateral it holds as security or calling on other credit enhancements (for example. netting agreements that do not qualify for offset in accordance with IAS 32). and (d) the carrying amount of financial assets that would otherwise be past due or impaired whose terms have been renegotiated. the policies for disposing of such assets or for using them in its operations. (c) information about the credit quality of financial assets that are neither past due nor impaired. (b) later than one month and no later than three months. a description of collateral held as security and other credit enhancements. provide further information that is representative. and (d) later than one year and no later than five years. and (c) for the amounts disclosed in (a) and (b). B11C. (b) a maturity analysis for derivative financial liabilities. If the quantitative data disclosed as at the reporting date is unrepresentative of the entity’s exposure to risk during the period. For example. unless impracticable. (c) later than three months and no later than one year. B11D. an estimate of their fair value. B11E and B11F IFRS7 AppdxB11 56 . In preparing the contractual maturity analysis for financial liabilities required by IFRS 7 para 39(a) and (b). and (b) when the assets are not readily convertible into cash. and such assets meet the recognition criteria in other standards. IFRS7p36 AppdxB9-10 IFRS7p37 IFRS7p38 Collateral and other credit enhancements obtained 1. including the factors the entity considered in determining that they are impaired.Disclosure checklist 2009 – Section A8 Y-NA-NM IFRS7p35 Section A – Disclosures for consideration by all entities REF 2. (b) in respect of the amount disclosed in (a). disclose: (a) the nature and carrying amount of the assets obtained.

Disclosure checklist 2009 – Section A8 Y-NA-NM REF IFRS7p40 AppdxB17- B19 and B21-B28 (c) Market risk Sensitivity analysis Unless an entity complies with IFRS 7 para 41. and (b) an explanation of the objective of the method used and of limitations that may result in the information not fully reflecting the fair value of the assets and liabilities involved. the consequences of such non-compliance. Other entities regard capital as excluding some components of equity (for example. that reflects interdependencies between risk variables (for example. and (iii) how it is meeting its objectives for managing capital. and of the main parameters and assumptions underlying the data provided. showing how profit or loss and equity would have been affected by changes in the relevant risk variable that were reasonably possible at that date. Disclose information that enables users of its financial statements to evaluate its objectives. Other market risk disclosures When the sensitivity analyses disclosed in accordance with IFRS 7 para 40 or IFRS 7 para 41 are unrepresentative of a risk inherent in a financial instrument (for example. IFRS7p41 AppdxB20 IFRS7p42 IFRIC2p13 15. some forms of subordinated debt) as part of capital. disclose the following: (a) qualitative information about its objectives. including (but not limited to): (i) a description of what it manages as capital. policies and processes for managing capital. timing and reason for that transfer. When a change in the redemption prohibition leads to a transfer between financial liabilities and equity. disclose that fact and the reason the sensitivity analyses are unrepresentative. disclose: (a) a sensitivity analysis for each type of market risk to which the entity is exposed at the end of the reporting period. components arising from cash flow hedges). 57 Section A – Disclosures for consideration by all entities . To comply with paragraph 134. because the year-end exposure does not reflect the exposure during the year). Capital disclosures 1p134. If the entity prepares a sensitivity analysis. and (e) when the entity has not complied with such externally imposed capital requirements. (b) summary quantitative data about what it manages as capital. policies and processes for managing capital. (c) any changes in (a) and (b) from the previous period. (d) whether during the period it complied with any externally imposed capital requirements to which it is subject. and (c) changes from the previous period in the methods and assumptions used. Also disclose: (a) an explanation of the method used in preparing such a sensitivity analysis. such as value at risk. disclose separately the amount. the nature of those requirements and how those requirements are incorporated into the management of capital. interest rates and exchange rates) and uses it to manage financial risks. (b) the methods and assumptions used in preparing the sensitivity analysis. 2. it may use that sensitivity analysis in place of the analysis specified in IFRS 7 para 40.135 1p135 1. and the reasons for such changes. Some entities regard some financial liabilities (for example. (ii) when an entity is subject to externally imposed capital requirements.

disclose: (a) the amount reclassified into and out of each category (financial liabilities or equity). and those entities may also operate in several jurisdictions.(b) 8. policies and processes for managing its obligation to repurchase or redeem the instruments when required to do so by the instrument holders. was issued in August 2005. (b) its objectives. When an aggregate disclosure of capital requirements and how capital is managed would not provide useful information or distorts a financial statement user’s understanding of an entity’s capital resources. and the related amount per share. and (b) the amount of any cumulative preference dividends not recognised. Financial Guarantee Contracts.Disclosure checklist 2009 – Section A8 Y-NA-NM REF Section A – Disclosures for consideration by all entities 1p136 Base these disclosures on the information provided internally to the entity’s key management personnel. The issuer of financial guarantee contracts may elect to apply either IFRS 4 (if the entity has previously asserted explicitly that it regards such contracts as insurance contracts and has used accounting applicable to insurance contracts) or IAS 39 for measurement of financial guarantee contracts. 1p136A 6. the entity should disclose separate information for each capital requirement to which the entity is subject. it should comply with IFRS 4 disclosure requirements to such contracts (refer to Section E). including any changes from the previous period. classified as an equity instrument between financial liabilities and equity. For example. Financial guarantees Amendments to IAS 39 and IFRS 4. disclose: (a) the amount reclassified into and out of each category (financial liabilities or equity). Disclose in relation to dividends: 16. and (b) the timing and reason for that reclassification. An entity may manage capital in a number of ways and be subject to a number of different capital requirements. Disclose for puttable financial instruments classified as equity 1p136A(a) 1p136A(b) 1p136A(c) 1p136A(d) 1p136A(b) 1p136A(a). and (b) the timing and reason for that reclassification. instruments (to the extent not disclosed elsewhere): (a) summary quantitative data about the amount classified as equity. If the entity elects to apply IFRS 4. If the entity elects to apply IAS 39 for measurement of financial guarantee contracts. and (d) information about how the expected cash outflow on redemption or repurchase was determined. If an entity has reclassified an instrument that imposes on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and is classified as an equity instrument between financial liabilities and equity. a conglomerate may include entities that undertake insurance activities and banking activities. 58 . (c) the expected cash outflow on redemption or repurchase of that class of financial instruments. 1p80A(a) 5. If an entity has reclassified a puttable financial instrument 7. (a) the amount of dividends proposed or declared before the financial statements were authorised for issue but not recognised as a distribution to owners in the period. it should comply with IFRS 7 disclosure requirements for these contracts.

4. Present the liabilities of a disposal group classified as held for sale separately (classified as current liabilities) from other liabilities in the balance sheet 3. and if not separately presented on the face of the income statement. (b) a description of the facts and circumstances leading to the expected disposal and the expected manner and timing of that disposal. (b) and (d) above in the notes if the criteria for classification of non-current assets (or disposal groups) as held for sale (refer to IFRS 5 paras 7 and 8) are met after the balance sheet date but before the authorisation of the financial statements for issue. Disclose separately any cumulative income or expanse recognised directly in equity relating to a non-current asset (or disposal group) classified as held for sale. together with the effect of the decision on the results of operations for the period and any prior periods presented. IFRS5p38 1p55 IFRS5p38 1p55 1. 9. Amounts presented for non-current assets or for the assets and liabilities of disposal groups classified as held for sale in the balance sheets for prior periods should not be reclassified or re- presented to reflect the classification in the balance sheet for the latest period presented. if applicable. Disclose separately the major classes of assets and liabilities classified as held for sale either on the face of the balance sheet or in the notes to the financial statements. disclose a description of the facts and circumstances leading to the decision to change the plan to sell the non- current asset (or disposal group). and (ii) the post-tax gain or loss recognised on the remeasurement to fair value less costs to sell or on the disposal of the assets or disposal group(s) constituting the discontinued operation. disclose: (a) a description of the non-current asset (or disposal group). If a non-current asset (or disposal group) ceases to be held for sale. the caption in the income statement that includes that gain or loss. IFRS5p41 IFRS5p12 7. disclose the following for all periods presented: (a) a single amount on the face of the income statement comprising the total of: (i) the post-tax profit or loss of discontinued operations. IFRS5p38 IFRS5p39 IFRS5p38 IFRS5p40 5.Disclosure checklist 2009 – Section A9 Y-NA-NM REF A9 Non-current assets held for sale and discontinued operations The following disclosures are required when an entity has noncurrent assets held for sale and/or discontinued operations as defined by IFRS 5. Disclose the information specified in para 5 (a). and 59 Section A – Disclosures for consideration by all entities . Present separately from other assets in the balance sheet a non-current asset classified as held for sale and the assets of a disposal group classified as held for sale (within current assets). 6. (c) the gain or loss recognised as result of remeasurement to fair value less costs to sell. For a non-current asset (or disposal group) held for sale or sold. 2. Do not offset the assets and liabilities of a disposal group and do not present as a single amount. Disclosure of the major classes of assets and liabilities is not required if the disposal group is a newly acquired subsidiary that meets the criteria to be classified as held for sale on acquisition. and (d) the segment in which the non-current asset (or disposal group) is presented under IAS 14. 8. For discontinued operations. IFRS5p42 IFRS5p33 12p81(h) 10.

reclassify the results of operations of the component previously presented in discontinued operations and include it in income from continuing operations for all periods presented. resent separately in discontinued operations any adjustments P in the current period to amounts previously presented in discontinued operations that are directly related to the disposal of a discontinued operation in a prior period. Disclose the amounts for prior periods as having been re-presented. IFRS5p36 IFRS5p36A 60 . together with the corresponding amounts for each prior period presented. The nature and amount of such adjustments should be disclosed 13. f a component of an entity ceases to be classified as held for I sale. If it is given on the face of the income statement. and − the profit or loss from the ordinary activities of the discontinued operation for the period. The analysis is not required if the disposal group is a newly acquired subsidiary that meets the criteria to be classified as held for sale on acquisition. The analysis may be given in the notes or on the face of the income statement. Re-present the disclosures in para 7 above and A6. IFRS5p34 IFRS5p35 11. Presenting discontinued operations An entity that is committed to a sale plan involving the loss of control of a subsidiary discloses the information required by IFRS 5 para 33 to para 36 when the subsidiary is a disposal group that meets the definition of a discontinued operation in accordance with IFRS 5 para 32. expenses and pre-tax profit or loss of discontinued operations.Disclosure checklist 2009 – Section A9 Y-NA-NM REF Section A – Disclosures for consideration by all entities (b) an analysis of the single amount in (a) into: (i) the revenue. and (iii) the tax expense relating to: − the gain or loss on discontinuance.2 para 6 for prior periods presented in the financial statements so that the disclosures relate to all operations that have been discontinued by the balance sheet date for the latest period presented. (ii) the gain or loss recognised on the remeasurement to fair value less costs to sell or on the disposal of the assets or disposal group(s) constituting the discontinued operation. it should be presented in a section relating to discontinued operations separate from continuing operations. 12.

Disclosure checklist 2009 Section B Disclosures required of all entities but only in certain situations Section B – Disclsoures required in certain situations 61 .

62 .

The results and financial position of an entity whose functional 21p43 7. it should use as the historical costs to translate into the presentation currency the amounts restated to the price level at the date the entity ceased restating its financial statements. It is useful to disclose the three years cumulative inflation at the balance sheet date for each of the periods presented in the financial statements. When an entity’s functional currency is the currency of a hyperinflationary economy. and (d) if retrospective restatement is impracticable for a particular prior period. except: (b) when amounts are translated into the currency of a non–hyperinflationary economy. the circumstances that led to the existence of that condition and a description of how and from when the error has been corrected. (c) the amount of the correction at the beginning of the earliest prior period presented. comparative amounts should be those that were presented as current year amounts in the relevant prior year financial statements (not adjusted for subsequent changes in the price level or subsequent changes in exchange rates). When the economy ceases to be hyperinflationary and the entity no longer restates its financial statements in accordance with IAS 29. These disclosures need not be repeated in the financial statements of subsequent periods. the entity should restate its financial statements in accordance with IAS 29 before applying the translation method set out in IAS 21 para 42. Disclose whether the financial statements are based on a 29p39(c) 4. (b) the level of the price index at the balance sheet date. and (ii) if IAS 33 applies to the entity. Disclose the fact that the financial statements and the 29p39(b) 3. This is usually disclosed as a separate line above profit/loss before taxation in the income statement. liabilities. 29p39(a) 2. except for comparative amounts that are translated into a currency of a non-hyperinflationary economy (refer to IAS 21 para 42(b)). are stated in terms of the measuring unit current at the balance sheet date. historical cost approach or a current cost approach. Disclose accounting policies. currency is the currency of a hyperinflationary economy should be translated into a different presentation currency using the following procedures: (a) all amounts (assets. including comparatives) should be translated at the closing rate at the date of the most recent balance sheet. Disclose: (a) the nature of the prior-period error. 21p42 6. as a result. the amount of the correction: (i) for each financial statement line item affected. and income and expenses. equity items. the impact on basic and diluted earnings per share. to the extent practicable. Provide the following information: (a) the identity of the price index. (b) for each prior period presented. 29p9 5.Disclosure checklist 2009 – Sections B1-B2 Y-NA-NM REF B1 8p49 Correction of prior-period errors 1. and (c) the movement in the index during the current and previous reporting period. corresponding figures for previous periods have been restated for the changes in the general purchasing power of the functional currency and. 8p49 B2 1p119 Reporting in the currency of a hyperinflationary economy 1. 63 Section B – Disclsoures required in certain situations . Disclose the gain or loss on the net monetary position included in net income.

Section B – Disclsoures required in certain situations 1p20 1p21 1p23(a). 2. When an entity changes its year-end.(b) 2. the nature of the requirement and the reason why management considers compliance with that requirement to be so misleading as to conflict with the objective of financial statements set out in the Framework. but departure from the requirement is prohibited by the relevant regulatory framework. and (b) for each period presented. the adjustments to each item in the financial statements that management has concluded would be necessary to give a fair presentation. 64 . (b) that it has complied in all material respects with applicable standards and interpretations.Disclosure checklist 2009 – Sections B3-B5 Y-NA-NM REF B3 1p25 Uncertainties about going concern 1. When an entity does not prepare financial statements on a going concern basis. and its financial statements are presented for a period longer or shorter than one year. the financial impact of the departure on each item in the financial statements that would have been reported in complying with the requirement. except that it has departed from a particular requirement to achieve a fair presentation. Where an entity has departed from a requirement of an IFRS in a prior period and the amounts recognised in the current period are affected by that departure. disclose that fact together with the reason that the entity is not regarded as a going concern and the basis on which it prepared the financial statements. changes in equity. Disclose material uncertainties relating to events or conditions that may cast significant doubt upon the entity’s ability to continue as a going concern. (c) the the title of the IFRS from which the entity has departed. and (d) for each period presented. 1p25 B4 1p19. cash flows and related notes are not comparable. the nature of the departure. B5 1p49 Change of year-end 1. and (b) the fact that comparative amounts for the income statement. disclose: (a) that management has concluded that the financial statements fairly present the entity’s financial position.20 Departure from IFRS 1. the reason why that treatment would be misleading in the circumstances and the treatment adopted. disclosure point (c) and (d) above. including the treatment that the IFRS would require. financial performance and cash flows. Where management concludes that compliance with a requirement in IFRS would be so misleading as to conflict with the objective of financial statements set out in the Framework. In the extremely rare situations where departure from IFRS is necessary to achieve a fair presentation. disclose: (a) the reason for a period other than one year being used. reduce the perceived misleading aspects of compliance as far as possible by disclosing: (a) the title of the IFRS in question. an entity may depart from IFRS if the relevant regulatory framework requires it or does not prohibit such a departure. 3. In these circumstances.

(iv) exercised during the period. 27p41 B7 Share-based payments 1. and they do not object. and (iii) the method of settlement (for example. a parent that is a wholly owned subsidiary need not present consolidated financial statements. (c) the name and country of incorporation or residence of the entity whose consolidated financial statements that comply with IFRS have been produced for public use. (ii) country of incorporation or residence. elects not to prepare consolidated financial statements. (v) expired during the period. jointly controlled entities and associates.Disclosure checklist 2009 – Sections B6-B7 Y-NA-NM REF B6 27p10 Intermediate parent company – consolidated financial statements not presented Under IAS 27 para 10. and (iv) if different. An entity with substantially similar types of share-based payment arrangements may aggregate this information. the including the general terms and conditions of each arrangement. When separate financial statements are prepared for a parent that. IFRS2p45(c) (c) the weighted average share price at the date of exercise for share options exercised during the period. (ii) granted during the period. (vi) outstanding at the end of the period. Provide information that enables users of the financial statements to understand the nature and extent of share- based payment arrangements that existed during the period. such as: (i) vesting requirements. (b) the fact that the exemption from consolidation has been used. (ii) the maximum term of options granted. whether in cash or equity). IFRS2p44 65 Section B – Disclsoures required in certain situations . If the parent is wholly or partially owned. unless separate disclosure of each arrangement is necessary to enable users of the financial statements to understand the nature and extent of share-based payment arrangements that existed during the period. (iii) forfeited during the period. The entity should disclose at least the following: IFRS2p45(a) (a) a description of each type of share-based payment arrangement that existed at any time during period. The entity may instead disclose the weighted average share price during the period if options were exercised on a regular basis throughout the period. disclose in those separate financial statements: (a) the fact that the financial statements are separate financial statements. and (f) a description of the method used to account for the investments listed under (b) above. IFRS2p45(b) (b) the number and weighted average exercise prices of share options for each of the following groups of options: (i) outstanding at the beginning of the period. and (vii) exercisable at the end of the period. it need not present consolidated financial statements if it informs the owners. (d) the address where those consolidated financial statements are obtainable. in accordance with IAS 27 para 10. 1. (e) a list of significant investments in subsidiaries. including those not otherwise entitled to vote. including: (i) the name. proportion of voting power held. (iii) proportion of ownership interest.

IFRS2p47(a) IFRS2p47(b) IFRS2p47(c) IFRS2p48 4. and – any other inputs to the model. If the entity has measured directly the fair value of goods or services received during the period. whether fair value was measured at a market price for those goods or services. – option life. and (iii) whether and how any other features of the option grant were incorporated into the measurement of fair value. and (iii) information on how the incremental fair value granted was measured. (i) the range of exercise prices. and (c) for share-based payment arrangements that were modified during the period: (i) an explanation of those modifications. including the method used and the assumptions made to incorporate the effects of expected early exercise. – the risk-free interest rate. disclose how that fair value was determined. including an explanation of the extent to which expected volatility was based on historical volatility. IFRS2p46 IFRS2p47 2. the outstanding options should be divided into ranges that are meaningful for assessing the number and timing of additional shares that may be issued and the cash that may be received upon exercise of those options. Provide information that enables users of the financial statements to understand how the fair value of the goods or services received. (ii) the incremental fair value granted (as a result of those modifications). and (ii) weighted average remaining contractual life. – expected volatility. the weighted average fair value of those options at the measurement date and information on how that fair value was measured. consistently with the requirements set out in (a) and (b) above. or the fair value of the equity instruments granted. for example. including: (i) the option pricing model used and the inputs to that model. (b) for other equity instruments granted during the period (other than share options). the number and weighted average fair value of those equity instruments at the measurement date. If the range of exercise prices is wide. 66 . (ii) whether and how expected dividends were incorporated into the measurement of fair value. how it was determined.Disclosure checklist 2009 – Section B7 Y-NA-NM IFRS2p45(d) REF (d) for share options outstanding at the end of the period. and information on how that fair value was measured. and (iii) whether and how any other features of the equity instruments granted were incorporated into the measurement of fair value. including: – the weighted average share price. including: (i) if fair value was not measured on the basis of an observable market price. Section B – Disclsoures required in certain situations 3. where applicable. If the entity has measured the fair value of goods or services received as consideration for equity instruments of the entity indirectly. during the period was determined (refer to paras 3-5 below). – expected dividends. (ii) how expected volatility was determined. disclose at least the following: (a) for share options granted during the period. – exercise price. by reference to the fair value of the equity instruments granted. such as a market condition.

Provide information that enables users of the financial statements to understand the effect of share-based payment transactions on the entity’s profit or loss for the period and on its financial position. how fair value of the goods or services received or fair value of equity instruments granted during the period was determined and the effect of the share-based payment arrangements on profit or loss for the period and on financial position. financial performance and cash flows. Disclose additional information that is necessary to enable users of the financial statements to understand the nature and extent of share-based payment arrangements that existed during the period. General disclosures IFRS1p36 IFRS1p37 1. and (ii) the end of the latest period presented in the entity’s most recent annual financial statements under previous GAAP. Disclose at least the following: (a) the total expense recognised for the period arising from share-based payment transactions in which the goods or services received did not qualify for recognition as assets and were recognised immediately as an expense. Include in the first IFRS financial statements at least one year of comparative information under IFRS. Include in the first IFRS financial statements: (a) reconciliations of the entity’s equity reported under previous GAAP to its equity under IFRS for both of the following dates: (i) the date of transition to IFRS. (b) a reconciliation of the profit or loss reported under previous GAAP for the latest period in the entity’s most recent annual financial statements to its profit or loss under IFRS for the same period. disclose that fact and give an explanation of why the presumption was rebutted. and (ii) the total intrinsic value at the end of the period of liabilities for which the counterparty’s right to cash or other assets had vested by the end of the period (for example. Provide an explanation of how the transition from previous GAAP to IFRS affected the reported financial position. If the entity has rebutted the presumption that fair value of goods and services other than employee services can be estimated reliably.6 and B8.7: (a) label the previous GAAP information prominently as not being prepared under IFRS. IFRS2p51 IFRS2p52 B8 First-time adoption of IFRS 1. vested share appreciation rights). 2. and (b) for liabilities arising from share-based payment transactions: (i) the total carrying amount at the end of the period. (Quantification of those adjustments is not required). including separate disclosure of that portion of the total expense that arises from transactions accounted for as equity-settled share-based payment transactions.Disclosure checklist 2009 – Sections B7-B8 Y-NA-NM IFRS2p49 REF IFRS2p50 5. and IFRS1p39 67 Section B – Disclsoures required in certain situations . and (b) disclose the nature of the main adjustments that would make it comply with IFRS. 6. 7. IFRS1p38 2. 2. Explanation of transition to IFRS 1. If the first IFRS financial statements contain historical summaries or comparative information under previous GAAP as explained in Sections B8.

If an entity becomes aware of errors made under previous GAAP. The reconciliations required should give sufficient detail to enable users to understand the material adjustments to the balance sheet and income statement. the reconciliations required by IFRS 1 para 39(a) and (b) should distinguish the correction of those errors from changes in accounting policies. the disclosures that IAS 36 would have required if the entity had recognised those impairment losses or reversals in the period beginning with the date of transition to IFRS. and (c) the aggregate adjustment to the carrying amounts reported under previous GAAP. Designation of financial assets or financial liabilities Disclose the fair value of any financial assets or financial liabilities designated at fair value through profit or loss or as available for sale and the carrying amount in the previous financial statements.Disclosure checklist 2009 – Section B8 Y-NA-NM REF IFRS1p40 (c) if the entity recognised or reversed any impairment losses for the first time in preparing its opening IFRS balance sheet. Interim financial report under IAS 34 for part of the period covered by first IFRS financial statements should include reconciliations of: (a) equity under previous GAAP at the end of the comparable interim period to equity under IFRS at that date. 5. (b) the aggregate deemed cost of those investments for which deemed cost is fair value. disclose in the first IFRS financial statements: (a) the aggregate deemed cost of those investments for which deemed cost is the previous GAAP carrying amount. disclose that fact in its first IFRS financial statements. IFRS1p44A 1. if an entity presented a cash flow statement under its previous GAAP 4. If an entity uses a deemed cost in its opening IFRS balance sheet for an investment in a subsidiary. Disclose material adjustments to the cash flow statement. plant and equipment. and (b) the aggregate adjustment to the carrying amounts reported under previous GAAP. Use of fair value as deemed cost 1. IFRS1p44A(a) IFRS1p44A(b) IFRS1p44A(c) 5. If an entity did not present financial statements for previous periods. and (b) profit or loss under previous GAAP for the comparable interim period (current and year-to-date) to profit or loss under IFRS for that period. IFRS1p44 4. jointly controlled entity or associate in its separate financial statements. Interim financial reports IFRS1p45 1. an investment property or an intangible asset (refer to IFRS 1 paras 16 and 18). for each line item in the opening IFRS balance sheet: (a) the aggregate of those fair values. 68 . If fair value is used as deemed cost for an item of property. IFRS1p43 IFRS1p43A 3. IFRS1p40 Section B – Disclsoures required in certain situations IFRS1p41 3. disclose in the first IFRS financial statements.

. If a first-time adopter did not disclose information material to an understanding of the current interim period in its most recent annual financial statements under previous GAAP. disclose that information in its interim financial report or include a cross-reference to another published document that includes it. 69 Section B – Disclsoures required in certain situations 2.Disclosure checklist 2009 – Section B8 Y-NA-NM REF IFRS1p46 In addition to the reconciliations required by (a) and (b) above. an entity’s first interim financial report under IAS 34 for part of the period covered by its first IFRS financial statements should include the reconciliations described in IFRS 1 para 39(a) and (b) (supplemented by the details required by IFRS 1 paras 40 and 41) or a cross-reference to another published document that includes these reconciliations.

70 .

Disclosure checklist 2009 Section C Industry-specific disclosures 71 Section C – Industry-specific disclosures .

.

4. and (c) the methods used to determine the stage of completion of agreements in progress. 3. 42 41p40 41p46 41p47 4. 11p42 IFRIC15p20 IFRIC15p21 6.14 continuously as construction progresses. For construction contracts in progress at the balance sheet date. and (b) the amount of advances received. disclose: (a) the aggregate amount of costs incurred and recognised profits. 11p39(c) 11p39(a) 11p40 2. disclose: (a) how it determines which agreements meet all the criteria in IAS 18. Provide a description of each group of biological assets (narrative or quantified description). In addition to the disclosures required by IFRIC 15 para 20. Present on the balance sheet: (a) the gross amount due from customers for contract work as an asset. Disclose the methods and significant assumptions applied in determining the fair value of each group of agricultural produce at the point of harvest and each group of biological assets. 1. Disclose the aggregate gain or loss arising during the current period on initial recognition of biological assets and agricultural produce and from the change in fair value less estimated point- of-sale costs of biological assets. 3.14 continuously as construction progresses. General disclosures 17p32. and (ii) the output of agricultural produce during the period. 73 Section C – Industry-specific disclosures 5. C2 Agriculture 1. . (b) the amount of advances received. 2.Disclosure checklist 2009 – Sections C1-C2 Y-NA-NM REF C1 1p110 11p39(b) Construction contracts 1. if it has not been disclosed elsewhere in information published with the financial statements: (a) the nature of activities involving each group of biological assets. disclose: (a) the aggregate amount of costs incurred and recognised profits (less recognised losses) to date. Disclose in accounting policies: (a) the methods used to determine the contract revenue recognised in the period. and (b) the methods used to determine the stage of completion of contracts in progress. (b) the amount of revenue arising from such agreements in the period. If the entity recognises revenue using the percentage of completion method for agreements that meet all the criteria of IAS 18. (less recognised losses) to date. 57 The disclosure requirements of IAS 41 apply to owned biological assets and to the amounts of leased biological assets held under finance leases in the lessee’s accounts. for agreements that are in progress at the reporting date. Describe. and (b) non-financial measures or estimates of the physical quantities of: (i) each group of the entity’s biological assets at the end of the period. and (c) the amount of retentions. Disclose the amount of contract revenue recognised as revenue in the period. and (b) the gross amount due to customers for contract work as a liability. 41p41.

(d) decreases due to harvest. Disclose: (a) the existence and carrying amounts of biological assets whose title is restricted. and (c) significant decreases expected in the level of government grants. disclose: (a) a description of the biological assets. 41p57 8. as appropriate. the range of estimates within which fair value is highly likely to lie. (e) increases resulting from business combinations. Provide a quantified description of each group of biological assets. 6. distinguishing between consumable and bearer biological assets or between mature and immature biological assets. Entities are encouraged to disclose by group or otherwise the amount due to physical changes and due to price changes. When fair value of biological assets cannot be measured and cost is used. (c) if possible. This reconciliation should separately identify any biological assets measured at cost loss accumulated depreciation and any accumulated impairment losses in accordance with IAS 41 para 30. 74 . (d) the depreciation method used. 41p43 2. and (g) other changes. (b) increases due to purchases. determined at the point of harvest.Disclosure checklist 2009 – Section C2 Y-NA-NM 41p48 REF 41p49 5. DV. 9. Additional disclosures where fair value of biological assets cannot be measured 41p54 1. Disclose the fair value less estimated point-of-sale costs of agricultural produce harvested during the period. 41p50 DV41p51 Section C – Industry-specific disclosures 41p55 7. Disclose the following related to agricultural activity: (a) the nature and extent of government grants recognised in the financial statements. Include in the reconciliation: (a) the gain or loss arising from changes in fair value less estimated point-of-sale costs. (b) the amount of commitments for the development or acquisition of biological assets. Present a reconciliation of changes in the carrying amount of biological assets between the beginning and the end of the current period. and (f) the gross carrying amount and the accumulated depreciation (aggregated with accumulated impairment losses) at the beginning and end of the period. and the carrying amounts of biological assets pledged as security for liabilities. (f) net exchange differences arising on the translation of financial statements into a different presentation currency and on the translation of a foreign operation into the reporting entity’s presentation currency. and (c) financial risk management strategies related to agricultural activity. (e) the useful lives or the depreciation rates used. (c) decreases due to sales and biological assets classified as held for sale (or included in a disposal group that is classified as held for sale) in accordance with IFRS 5. (b) unfulfilled conditions and other contingencies relating to government grants. (b) an explanation of why fair value cannot be measured reliably.

timing and certainty of future cash flows (for example. disclose: (a) a description of the biological assets. (v) renewal and termination options. and (vi) other rights and obligations (for example. (iii) obligations to acquire or to build items of property. C3 Public service concession arrangements 1. (b) reversals of impairment losses. Disclose details of the following amounts included in net profit or loss related to those biological assets: (a) impairment losses. (b) significant terms of the arrangement that may affect the amount. and (c) the effect of the change. (b) the total gross investment in the lease and the present value of minimum lease payments receivable at the balance sheet date. the period of the concession. 75 Section C – Industry-specific disclosures . Refer to Section A8. (ii) later than one year and no later than five years. as appropriate) of: (i) rights to use specified assets. re-pricing dates and the basis on which re-pricing or renegotiation is determined). major overhauls). (c) the nature and extent (for example. and (iii) later than five years. (iv) obligations to deliver or rights to receive specified assets at the end of the concession period. For concession operators or concession providers. (b) an explanation of why fair value has become reliably measurable. for each of the following three periods: (i) no later than one year. time period or amount. (d) changes in the arrangement occurring during the period. and (e) how the service arrangement has been classified Disclose revenue and profits or losses recognised on exchanging construction services for a financial asset or an intangible asset. quantity. Disclose: (a) a reconciliation between the total gross investment in the lease at the balance sheet date and the present value of minimum lease payments receivable at the balance sheet date. (a) Lessors – finance leases 1.Disclosure checklist 2009 – Sections C2-C4 Y-NA-NM 41p55 REF 41p56 2 3. If an entity changes from cost to fair value during the current period. plant and equipment. disclose the following in each period individually for each service concession arrangement or in aggregate for each class of service concession arrangement: (a) a description of the arrangement. SIC29p6-7 SIC 29p6A C4 17p47 Accounting by a lessor Leases are financial instruments and therefore the disclosure requirements of IFRS 7 apply also to leases. Disclose any gain or loss recognised on disposal of biological assets. and (c) depreciation. (ii) obligations to provide or rights to expect provision of services.

Any unique or unusual provisions of the agreements or terms of the sale and leaseback transactions should be separately disclosed. The disclosure requirements set out in para 1 above also apply to sale and leaseback transactions. Any unique or unusual provisions of the agreements or terms of the sale and leaseback transactions should be separately disclosed to leases under IFRIC 4. (ii) accumulated depreciation. The disclosure requirements set out in para 1 above also apply to sale and leaseback transactions. (iii) accumulated impairment loss. to leases under IFRIC 4. in total and for each of the following three periods after the balance sheet date: (i) no later than one year. Refer to Section A5. and (g) a general description of the lessor’s significant leasing arrangements. (ii) later than one year and no later than five years.Disclosure checklist 2009 – Section C4 Y-NA-NM REF 17p65 (c) unearned finance income. (iii) later than five years. (iv) depreciation charge for the period. The disclosure requirements set out in para 1 above also apply 17p56. SIC27p10-11 4. Disclose: (a) for each class of asset: (i) gross carrying amount. Presentation of Financial Statements. Arrangements that do not involve a lease in substance Certain special disclosures apply over the legal form of leases. (c) total contingent rents included in income. 17p65 Section C – Industry-specific disclosures 2.18 (c). 76 . and (vi) impairment losses reversed for the period. Sale and leaseback transactions 17p66 Sale and leaseback transactions may trigger the separate disclosure criteria in IAS 1. (b) the future minimum lease payments under non- cancellable operating leases. IFRIC4pBC39 3. 2. The disclosure requirements set out in para 1 above also apply 3. (d) the unguaranteed residual values accruing to the benefit of the lessor. and (d) a general description of the lessor’s significant leasing arrangements. 57 (b) Lessors – operating leases 1. (v) impairment losses recognised for the period. (e) the accumulated allowance for uncollectable minimum lease payments receivable. IFRIC4pBC39 3. (f) contingent rents recognised in income.

and (b) a contributor’s right to access the assets is restricted. When a contributor has an obligation to make potential additional contributions that is not recognised as a liability (refer to IFRIC5 para 10). may be an equity instrument within the scope of IAS 39 and is not within the scope of this Interpretation.16). it makes the disclosures required by IAS 37 para 86 (refer to Section A5. restoration and environmental rehabilitation funds IFRIC 5. effective from 1 January 2006. A contributor discloses the nature of its interest in a fund and any restrictions on access to the assets in the fund. IFRIC5p11 IFRIC5p12 IFRIC5p4 1. explains how to treat expected reimbursements from funds set up to meet the costs of decommissioning plant (such as nuclear plant) or equipment (such as cars) or in undertaking environmental restoration or rehabilitation (such as rectifying pollution of water or restoring mined land). such as a contractual right to distributions once all the decommissioning has been completed or on winding up the fund.Disclosure checklist 2009 – Section C5 Y-NA-NM REF C5 Decommissioning. restoration and environmental rehabilitation funds’. Section C – Industry-specific disclosures IFRIC5p13 3. ‘Rights to interests arising from decommissioning. 77 . 2. A residual interest in a fund that extends beyond a right to reimbursement. When a contributor accounts for its interest in the fund in accordance with IFRIC 5 para 9. This interpretation applies to accounting in the financial statements of a contributor for interests arising from decommissioning funds that have both of the following features: (a) the assets are administered separately (either by being held in a separate legal entity or as segregated assets within another entity).23). it makes the disclosures required by IAS 37 para 85(c) (refer to Section A5.

.

Disclosure checklist 2009 Section D Additional disclosures required of listed entities 79 Section D – Additional disclosures required of listed entities .

.

and a measure of liabilities for each reportable segment if that amount is regularly provided to the chief operating decision-maker. (b) 3.(c). (e) depreciation and amortisation. 81 Section D – Additional disclosures required of listed entities otherwise regularly provided to them. (b) revenues from transactions with other operating segments of the same entity. and (b) the types of products and services from which each reportable segment generates revenues. or a combination of factors and whether operating segments have been aggregated). assets and liabilities 1. 3. even if not included in that measure of segment assets: (a) the amount of investments in associates and joint ventures accounted for using the equity method. assets reviewed by the chief operating decision-maker or is otherwise regularly provided to the chief operating decision maker. Disclose the following about each reportable segment if the (b) specified amounts are included in the measure of segment . IFRS8p23(a) 2. an entity may report that segment’s interest revenue net of its interest expense and disclose that it has done so. Disclose information to enable users to evaluate the nature and financial effects of the business activities in which the entity engages and the economic environment in which it operates. 14p50 2. 2.(d). Give reconciliations of balance sheet amounts for reportable segments to the entity’s balance sheet amounts for each date at which a balance sheet is presented. Profit or loss. by geographical area. deferred tax assets. Disclose the following general information: (a) the factors used in identifying the entity’s reportable segments. and (i) material non-cash items (other than depreciation and amortisation). including the basis of organisation (for example. (g) the entity’s interest in the profit or loss of associates and joint ventures accounted for by the equity method. IFRS8p22(a). and (b) the amount of additions to non-current assets other than financial instruments. Report a measure of profit or loss and total assets for each reportable segment. . even if not included in that measure of segment profit or loss: (a) revenues from external customers. (c) interest revenue. if the information is included in the measure of segment profit or (f). IFRS8p24(a). (d) interest expense. post-employment benefit assets and rights arising under insurance contracts. General disclosures IFRS8p20 IFRS8p21 1.Disclosure checklist 2009 – Section D1 Y-NA-NM REF D1 Operating segments 1. In that situation.(i) loss reviewed by the chief operating decision-maker.(h). (f) material items of income and expense disclosed in accordance with IAS 1 para 86. Disclose the following information for each reportable segment (b). or is Report interest revenue separately from interest expense for each reportable segment unless a majority of the segment’s revenues are from interest and the chief operating decision maker relies primarily on net interest revenue to assess the performance of the segment and make decisions about resources to be allocated to the segment. products and services.(g). (h) income tax income or expense.(e).

Disclosure checklist 2009 – Section D1 Y-NA-NM REF

3. Explanation of segment profit or loss, segment assets and liabilities

IFRS8p27(a), 1. Provide an explanation of the measurements of profit or loss, (b),(c),(d),(e), assets and liabilities for each reportable segment, including: (f) (a) the basis of accounting for any transactions between

reportable segments; (b) the nature of any differences between the measurements of the reportable segments’ profits or losses and the entity’s profit or loss before income tax expense or income and discontinued operations. Those differences could include accounting policies and policies for allocation of centrally incurred costs that are necessary for an understanding of the reported segment information.; (c) the nature of any differences between the measurements of the reportable segments’ assets and the entity’s assets. Those differences could include accounting policies and policies for allocation of jointly used assets that are necessary for an understanding of the reported segment information; (d) the nature of any differences between the measurements of the reportable segments’ liabilities and the entity’s liabilities. Those differences could include accounting policies and policies for allocation of jointly utilised liabilities that are necessary for an understanding of the reported segment information; (e) the nature of any changes from prior periods in the measurement methods used to determine reported segment profit or loss and the effect, if any, of those changes on the measure of segment profit or loss; and (f) the nature and effect of any asymmetrical allocations to reportable segments (for example, where depreciation expense is allocated to a segment but the related asset is not).

4. Reconciliations

IFRS8p28(a), 1. Provide reconciliations (all material reconciling items are (b),(c),(d),(e) separately identified and disclosed) of the following:

(a) the total of reportable segments’ revenues to the entity’s revenue; (b) the total of the reportable segments’ measure of profit or loss to the entity’s profit or loss before tax and discontinued operations, unless items such as tax income and expense are allocated to segments, in which case the reconciliation may be to the entity’s profit or loss after those items; (c) the total of the reportable segments’ assets to those of the entity; (d) the total of the liabilities of the reportable segments to those of the entity (where segment liabilities are reported); and (e) for any other material item the total of the reportable segments’ amount to the corresponding amount for the entity.

Section D – Additional disclosures required of listed entities

IFRS8p29

5. Restatement of previously reported information
1. Where there has been a change in the composition of the entity’s reportable segments, disclose whether it has restated the corresponding items of segment information for earlier periods. Where there is such a change, restate corresponding information for earlier periods, including interim periods, unless the information is not available and the cost to develop would be excessive. Make this decision for each individual item of disclosure.

82

Disclosure checklist 2009 – Section D1 Y-NA-NM
IFRS8p30

REF

2.

Where there has been a change in the composition of the entity’s reportable segments and segment information for earlier periods, including interim periods, is not restated, the entity shall disclose in the year in which the change occurs segment information for the current period on both the old basis and the new basis of segmentation (unless the necessary information is not available and the cost to develop it would be excessive).

IFRS8p31 IFRS8p32

6. Entity-wide disclosures
1. Provide the following information if it is not provided as part of the reportable segment information. (a) the revenues from external customers for each product and service, or each group of similar products and services, unless the information is not available and the cost to develop it would be excessive, in which case, disclose that fact. (b) the amounts of the revenues are based on the revenue per the financial statements.

IFRS8p33(a), 2. Provide the following geographical information, unless the (b) necessary information is not available and the cost to develop it

would be excessive (if this is the case, disclose this fact): (a) revenues for external customers split between those attributable to the entity’s country of domicile and all foreign countries in total from which the entity derives revenues. Disclose the basis for attributing revenues from external customers to individual countries; If revenues from external customers attributed to an individual foreign country are material those revenues should be disclosed separately; and (b) non-current assets (other than financial instruments, deferred tax assets, post-employment benefit assets and rights arising under insurance contracts) split between those located in the entity’s country of domicile and those located in all foreign countries in total in which the entity holds assets. If assets in an individual foreign country are material, disclose those assets separately. The amounts of the assets and revenues are based on the amounts per the financial statements. An entity may provide, in addition to this information, subtotals of geographical information about groups of countries.

IFRS8p34

3.

Provide information about the extent of the entity’s reliance on its major customers. If revenues from transactions with a single external customer are 10% or more of the entity’s revenues, disclose that fact, along with the total amounts of revenues from each such customer and the identity of the segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. A group of entities (or government – national,, state, provincial, territorial, local, foreign) under common control shall be considered a single customer.

7p50(d)

7. Other disclosures impacted by the early adoption of IFRS 8
a non-current asset (or disposal group) has been either classified as held for sale or sold, the reportable segment in which the non-current asset (or disposal group) is presented.

IFRS5p41(d) 1. Non-current assets held for sale. Disclose in the period in which

2. Statement of cash flows. An entity is encouraged, but not required, to disclose the amount of cash flows arising from the operating, investing and financing activities of each reportable segment.

83

Section D – Additional disclosures required of listed entities

Disclosure checklist 2009 – Sections D1-D2 Y-NA-NM
36p129

REF

3. Impairment. An entity that reports segment information in accordance with IFRS 8 discloses the following for each reportable segment: (a) the amount of impairment losses recognised in profit or loss and directly in equity during the period; and (b) the amount of reversals of impairment losses recognised in profit or loss and directly in equity during the period.

36p130(c),(i), 4. Disclose for each material impairment loss recognised or (ii) reversed during the period for an individual asset, including

IFRS5p41(d)

goodwill, or a cash-generating unit: (a) for an individual asset: (i) the nature of the asset; and (ii) if the entity reports segment information in accordance with IFRS 8, the reportable segment to which the asset belongs; and (b) for a cash-generating unit: (i) a description of the cash-generating unit (such as whether it is a product line, a plant, a business operation, a geographical area, or a reportable segment as defined in IFRS 8); and (ii) the amount of impairment loss recognised or reversed by class of assets and, if the entity reports segment information in accordance with IFRS 8, by reportable segment.

D2
33p2,3

Earnings per share
1. An entity that discloses earnings per share should calculate and disclose earnings per share in accordance with IAS 33. Earnings per share disclosures are required for entities whose ordinary shares or potential ordinary shares are publicly traded and for entities that are in the process of issuing ordinary shares or potential ordinary shares in public markets. 2. Present on the face of the income statement basic and diluted earnings per share for profit or loss from continuing operations attributable to the ordinary equity holders of the parent entity, and for profit or loss attributable to the ordinary equity holders of the parent entity for the period for each class of ordinary shares that has a different right to share in profit for the period. Present basic and diluted earnings per share with equal prominence for all periods presented.

33p66

33p67

Section D – Additional disclosures required of listed entities

33p68

3. Present earnings per share for every period for which an income statement is presented. If diluted earnings per share is reported for at least one period, it should be reported for all periods presented, even if it equals basic earnings per share. If basic and diluted earnings per share are equal, dual presentation can be achieved in one line on the face of the income statement. 4. An entity that reports a discontinuing operation should disclose the basic and diluted amounts per share for the discontinuing operation either on the face of the income statement or in the notes to the financial statements. 5. Present basic and diluted earnings per share, even if the amounts are negative (a loss per share). 6. Disclose: (a) the amounts used as the numerators in calculating basic and diluted earnings per share, and a reconciliation of those amounts to profit or loss attributable to the parent entity for the period. The reconciliation should include the individual effect of each class of instruments that affects earnings per share;

33p69

33p70(a)

84

Examples are provided in IAS 33 para 71. the effect on the weighted average number of shares outstanding and any consequent adjustments to profit or loss attributable to equity holders. The reconciliation should include the individual effect of each class of instruments that affects earnings per share. These terms and conditions may determine whether any potential ordinary shares are dilutive and. calculate such amounts using the weighted average number of ordinary shares determined in accordance with this standard. Indicate the basis on which the numerator(s) is (are) determined.Disclosure checklist 2009 – Section D2 Y-NA-NM 33p70(b) REF 7. 85 Section D – Additional disclosures required of listed entities . and (c) instruments (including contingently issuable shares) that could potentially dilute basic earnings per share in the future. in addition to basic and diluted earnings per share. If an entity discloses. amounts per share using a reported component of the income statement other than one required by IAS 33. Financial instruments generating potential ordinary shares may incorporate terms and conditions that affect the measurement of basic and diluted earnings per share. provide a reconciliation between the component used and the line item that is reported in the income statement. If a component of the income statement is used that is not reported as a line item in the income statement. but were not included in the calculation of diluted earnings per share because they are antidilutive for the period(s) presented. including whether amounts per share are before tax or after tax. if not otherwise required (refer to IFRS 7). The disclosure of the terms and conditions of such financial instruments and other contracts is encouraged. Disclose basic and diluted amounts per share relating to such a component with equal prominence and present in the notes to the financial statements. and a reconciliation of these denominators to each other. 33p72 33p73 8. Provide a description of ordinary share transactions or potential ordinary share transactions. 33p70(c) 33p70(d) (b) the weighted average number of ordinary shares used as the denominator in calculating basic and diluted earnings per share. other than those accounted for in accordance with IAS 33 para 64. if so. 9. that occur after the balance sheet date and that would have changed significantly the number of ordinary shares or potential ordinary shares outstanding at the end of the period if those transactions had occurred before the end of the reporting period.

.

Disclosure checklist 2009 Section E Additional disclosures required of entities that issue insurance contracts 87 Section E – Disclosures for issuers of insurance contracts .

.

(c) information about insurance risk (both before and after risk mitigation by reinsurance). reinsurance assets and. 2. (b) the recognised assets. income and expense. Disclose information that enables users of its financial statements to evaluate the nature and extent of risks arising from insurance contracts. when practicable. (d) the effect of changes in assumptions used to measure insurance assets and insurance liabilities. if the insurer presents cash flow statement using the direct method. if any. Disclose at least the following: (a) objectives. and (e) reconciliations of changes in insurance liabilities. showing separately the effect of each change that has a material effect on the financial statements. of the amounts recognised in the balance sheet. cash flows) arising from insurance contracts. If the insurer is a cedant. Disclose information that identifies and explains the amounts in its financial statements arising from insurance contracts. geographical area. related deferred acquisition costs. liabilities. but need not go back more than 10 years. including information about: (i) sensitivity to insurance risk (see IFRS 4 para 39A) of profit or loss and equity to changes in variables that have a material effect on them. liquidity risk and market risk that IFRS 7 paras 31-42 would require if the insurance contracts were within the scope of IFRS 7: (i) an insurer need not provide the maturity analysis required by IFRS 7 para 39(a) if it discloses information about the estimated timing of the net cash outflows resulting from recognised insurance liabilities instead. (iii) actual claims compared with previous estimates (claims development). including a description of how management determines concentrations and a description of the shared characteristic that identifies each concentration (for example. Disclose at least the following: (a) accounting policies for insurance contracts and related assets. or currency). liabilities. income and expense (and. also provide quantified disclosure of those assumptions. (b) [deleted by the standard]. and IFRS4p36 IFRS4p37 IFRS4p38 IFRS4p39 89 Section E – Disclosures for issuers of insurance contracts . the amortisation for the period and the amounts remaining unamortised at the beginning and end of the period. An insurer need not disclose this information for claims for which uncertainty about the amount and timing of claims payments is typically resolved within one year. (d) information about credit risk. This may take the form of an analysis. and (ii) if the cedant defers and amortises gains and losses arising on buying reinsurance. type of insured event. policies and processes for managing risks arising from insurance contracts and the methods used to manage those risks. (c) the process used to determine the assumptions that have the greatest effect on the measurement of the recognised amounts described in (b) above.Disclosure checklist 2009 – Section E Y-NA-NM REF E Additional disclosures required of entities that issue insurance contracts 1. it should disclose: (i) gains and losses recognised in profit or loss on buying reinsurance. by estimated timing. (ii) concentrations of insurance risk. The disclosure about claims development shall go back to the period when the earliest material claim arose for which there is still uncertainty about the amount and timing of the claims payments.

A new definition of financial guarantee contracts was added in IAS 39 and IFRS 4. IAS 8 explains the term ‘impracticable’. and the amount of gain or loss recognised. disclose that fact together with a description of the contract. to prepare information about claims development that occurred before the beginning of the earliest period for which an entity presents full comparative information that complies with IFRS 4. when an entity first applies IFRS 4. such as an embedded value analysis. but it is unlikely to be impracticable to apply other requirements of IFRS 4 paras 10-35 to such comparative information. it may use that sensitivity analysis to meet the requirement in paragraph 40(a) of IFRS 7 para 40(a).Disclosure checklist 2009 – Section E Y-NA-NM REF 3. such as an embedded value analysis. measure the embedded derivatives at fair value. Such an insurer should also provide the disclosures required by IFRS 7 para 41. disclose either: (a) a sensitivity analysis that shows how profit or loss and equity would have been affected had changes in the relevant risk variable that were reasonably possible at the balance sheet date occurred. Applying the liability adequacy test (IFRS 4 paras 15-19) to such comparative information may be impracticable. was issued in August 2005. if financial instruments whose fair value previously could not be reliably measured are derecognised. 4. (ii) if an insurer uses an alternative method to manage sensitivity to market conditions. If an entity cannot measure reliably the fair value of that feature. and any changes from the previous period in the methods and assumptions used. 39p103B. and (e) information about exposures to market risk arising from embedded derivatives contained in a host insurance contract if the insurer is not required to. an explanation of why fair value cannot be measured reliably. and does not. To comply with IFRS 4 para 39(c)(i). if an insurer uses an alternative method to manage sensitivity to market conditions. their carrying amount at the time of derecognition. The disclosure requirements for financial guarantees are included in Section A8. However. information about whether and how the entity intends to dispose of the instrument and. If it is impracticable. 6. the methods and assumptions used in preparing the sensitivity analysis. IFRS4p41A Section E – Disclosures for issuers of insurance contracts 90 . it may meet this requirement by disclosing that alternative sensitivity analysis and the disclosures required by paragraph 41 of IFRS 7. disclose that fact. or (b) qualitative information about sensitivity. ‘Financial guarantee contracts’. its carrying amount. Some financial assets and financial liabilities contain a discretionary participation feature as described in IFRS 4. Amendments to IAS 39 and IFRS 4. information about the market for the instrument. In applying IFRS 4 para 39(c)(iii) – disclosure of actual claims compared with previous estimates – an entity need not disclose information about claims development that occurred earlier than five years before the end of the first financial year in which it applies IFRS 4.11. timing and uncertainty of the insurer’s future cash flows. and information about those terms and conditions of insurance contracts that have a material effect on the amount. IFRS7p30 IFRS4p44 5. that fact.

91 .

.

Disclosure checklist 2009 Section F Disclosures required for retirement benefit plans 93 Section F – Disclosures required for retirement benefit plans .

.

(viii) description of any plan termination terms. The report of a retirement benefit plan. whether defined benefit or defined contribution. 35(d) 26p35(a) 26p34(a) 26p35(b) 4. (d) details of any investment in the employer. (ix) profits and losses on disposal of investments. death and disability benefits. IAS 26 paras 16. (vii) other expenses. which may include the following details and the affect o f any changes during the period: (i) names of employers. 26p34(b) (c) a summary of significant accounting policies. distinguishing between vested benefits and non-vested benefits. (ii) the actuarial present value of promised retirement benefits. (vii) description of retirement benefits promised to participants. (v) type of plan (defined contribution or defined benefit). 35(c) (b) a description of the funding policy. 3. (iii) number of participants receiving benefits. for example. (viii) taxes on income. or 5% of any class or type of security. (iv) other income. (b) basis of valuation of assets. and 26p32 (e) for plan investments for which an estimate of fair value is not possible. (vi) whether participants contribute to the plan.Disclosure checklist 2009 – Section F Y-NA-NM REF F 26p13 Disclosures required for retirement benefit plans 1. or (ii) a reference to this information in an accompanying actuarial report. as retirement. and (b) a description of the funding policy. (vi) administrative expenses. (v) benefits paid or payable (analysed. suitably classified. including: (i) employer contributions. Disclose in the statement of net assets available for benefits: (a) assets at period end. interest and dividends). (c) details of any single investment exceeding 5% of net assets available for benefits. 26p36. Include in the report of a defined benefit plan either: (a) a statement that shows: (i) the net assets available for benefits. Include in the report provided by a defined contribution plan: (a) a statement of net assets available for benefits. or (b) a statement of net assets available for benefits including either: (i) a note disclosing the actuarial present value of promised retirement benefits. and lump-sum payments). and (ix) changes in the above items during the period covered by the report. 34(c) (d) a description of the plan. 95 Section F – Disclosures required for retirement benefit plans . (ii) employee contributions. 26p17. (x) changes in value of investments. and (e) liabilities other than the actuarial present value of promised retirement benefits. distinguishing between vested benefits and non-vested benefits. 2. (iii) investment income (for example. (iv) number of other participants (classified as appropriate). should also contain the following information: (a) statement of changes in net assets available for benefits. the reason why fair value is not used. and (iii) the resulting excess or deficit. and (xi) transfers from and to other plans. 26p13. 22 and 36 provide guidance on disclosures. (ii) employee groups covered.

For defined benefit plans. (d) the effect of any changes in actuarial assumptions that have had a significant effect on the actuarial present value of promised retirement benefits. and (e) an explanation of the relationship between the actuarial present value of promised retirement benefits and the net assets available for benefits. disclose the following: (a) significant actuarial assumptions made. 96 . (b) date of the most recent actuarial valuation.Section F – Disclosures required for retirement benefit plans Disclosure checklist 2009 – Section F Y-NA-NM 26p35(e) REF 26p17 26p35(e) 26p18 26p19 5. (c) the method used to calculate present value of promised retirement benefits.

Disclosure checklist 2009 Section G Suggested disclosures for financial review outside the financial statements Section G – Dislcosures outside of financial statements 97 .

.

IFRS does not address the requirements for information to be included in a directors’ report or financial commentary. if material. 1p14 2. comprising recommended disclosure standards including an operating and financial review and discussion of future prospects. provide a narrative discussion of the extent to which such changes are attributable to changes in prices or to changes in the volume or amount of products or services being sold or to the introduction of new products or services. indicating the extent to which income was so affected. IOSCO standards for prospectuses are not mandatory. and (c) the entity’s resources not recognised in the balance sheet in accordance with IFRS. IOSCO’s standard on operating and financing reviews for prospectuses In 1998.Disclosure checklist 2009 – Section G Y-NA-NM REF G DV. Provide the information specified below as well as such other information that is necessary for an investor’s understanding of the company’s financial condition. including its dividend policy. including the causes of material changes from year to year in financial statement line items. Companies may present. to the extent necessary for an understanding of the company’s business as a whole. a financial review by management that describes and explains the main features of the entity’s financial performance and financial position and the principal uncertainties it faces. including unusual or infrequent events or new developments. but they will increasingly be incorporated in national stock exchange requirements both for prospectuses and annual reports. The text of IOSCO’s standard on ‘Operating and Financial Reviews and Prospects’ is reproduced below: 1. (b) Describe the impact of inflation. These requirements are generally determined by local laws and regulations. value-added statements. Outside the financial statements – provide a review of: (a) the main factors and influences determining performance. if management believes these will assist users in making economic decisions. Discuss the company’s financial condition. (b) the sources of funding and its targeted ratio of liabilities to equity. Information provided also should relate to all separate segments of the company. changes in financial condition and results of operations for each year and interim period for which financial statements are required. DV. Describe any other significant component of revenue or expenses necessary to understand the company’s results of operations. the entity’s response to those changes and their effect. IOSCO issued ‘International Disclosure Standards for Cross-Border Offerings and Initial Listings for Foreign Issuers’. Outside the financial statements. and the entity’s policy for investment to maintain and enhance performance. the existence of such 99 Section G – Dislcosures outside of financial statements . Provide information regarding significant factors. changes in financial condition and results of operation. 1p13 Suggested disclosures for financial review outside the financial statements 1. If the currency in which financial statements are presented is of a country that has experienced hyperinflation. (a) To the extent that the financial statements disclose material changes in net sales or revenues. outside the financial statements. provide environmental reports. etc. including changes in the environment in which the entity operates. materially affecting the company’s income from operations. Operating Results.

or could materially affect. The company also should discuss. the working capital is sufficient for the company’s present requirements. including the nature and extent of any legal or economic restrictions on the ability of subsidiaries to transfer funds to the company in the form of cash dividends. commitments or events that are reasonably likely to have a material effect on the company’s net sales or revenues. in its opinion. how it proposes to provide the additional working capital needed. Research and Development. 4. currency and interest rate structure. (ii) an evaluation of the sources and amounts of the company’s cash flows. the maturity profile of debt. and (iii) information on the level of borrowings at the end of the period under review. Trend Information. (c) Provide information regarding the impact of foreign currency fluctuations on the company. the seasonality of borrowing requirements and the maturity profile of borrowings and committed borrowing facilities. including the amount spent during each of the last three financial years on company-sponsored research and development activities. 3. (d) Provide information regarding any governmental economic. Include a statement by the company that. Patents and Licenses etc. the extent to which borrowings are at fixed rates. Liquidity and Capital Resources. fiscal. any known trends. (b) Information regarding the type of financial instruments used. (c) Information regarding the company’s material commitments for capital expenditures as of the end of the latest financial year and any subsequent interim period and an indication of the general purpose of such commitments and the anticipated sources of funds needed to fulfil such commitments. and the use of financial instruments for hedging purposes. profitability. for at least the current financial year. and the extent to which foreign currency net investments are hedged by currency borrowings and other hedging instruments. directly or indirectly. if material. with a description of any restrictions on their use. sales and inventory. The following information should be provided: (a) Information regarding the company’s liquidity (both short and long term). liquidity or capital resources. Provide a description of the company’s research and development policies for the last three years. the state of the order book and costs and selling prices since the latest financial year. including: (i) a description of the internal and external sources of liquidity and a brief discussion of any material unused sources of liquidity. inflation. The company should identify the most significant recent trends in production. The discussion also should include funding and treasury policies and objectives in terms of the manner in which treasury activities are controlled.Disclosure checklist 2009 – Section G Y-NA-NM REF Section G – Dislcosures outside of financial statements 2. monetary or political policies or factors that have materially affected. where it is significant. or. income from continuing operations. demands. 100 . or that would cause reported financial information not necessarily to be indicative of future operating results or financial condition. uncertainties. a five year history of the annual rate of inflation and a discussion of the impact of hyperinflation on the company’s business should be disclosed. if not. the company’s operations or investments by host country shareholders. loans or advances and the impact such restrictions have had or are expected to have on the ability of the company to meet its cash obligations. the currencies in which cash and cash equivalents are held.

Disclosure checklist 2009 Section H Disclosures required of entities that early adopt IFRSs effective for annual periods beginning after 1 July 2009 101 Section H – Early-adoption disclosures .

.

including the number of instruments or interests issued or issuable and the method of determining the fair value of those instruments or interests. and IFRS3pB64(g)(iii) (iii) an estimate of the range of outcomes (undiscounted) or. ‘Provisions. the acquirer discloses: IFRS3pB64(j)(i) (i) the information required by paragraph 86 of IAS 37. Business combinations and consequential amendments 1. If a contingent liability is not recognised because its fair value cannot be measured reliably. (iii) liabilities incurred − for example. disclose: (a) the name and a description of the acquiree (b) the acquisition date. a liability for contingent consideration. IFRS3pB64(h) (h) for acquired receivables: IFRS3pB64(h)(i) (i) the fair value of the receivables. General disclosures IFRS3p59 1. . and intangible assets that do not qualify for separate recognition or other factors. contingent liabilities and contingent assets’. such as loans. The disclosures should be provided by major class of receivable. such as expected synergies from combining operations of the acquiree and the acquirer. IFRS3p60 IFRS3pB64 2. To meet the objective in IFRS 3 para 59. and (iv) equity interests of the acquirer. IFRS3pB64(g) (g) for contingent consideration arrangements and indemnification assets: IFRS3pB64(g)(i) (i) the amount recognised as of the acquisition date. (d) the primary reasons for the business combination and a description of how the acquirer obtained control of the acquiree. IFRS3pB64(i) (i) the amounts recognised as of the acquisition date for each major class of assets acquired and liabilities assumed. IFRS3pB64(a) IFRS3pB64(b) IFRS3pB64(c) IFRS3pB64(d) IFRS3pB64(e) IFRS3pB64(f) IFRS3pB64(f)(i) IFRS3pB64(f)(ii) IFRS3pB64(f)(iii) IFRS3pB64(f)(iv) For each business combination that took effect during the reporting period. IFRS3pB64(g)(ii) (ii) a description of the arrangement and the basis for determining the amount of the payment. If the maximum amount of the payment is unlimited. (c) the percentage of voting equity interests acquired. or IFRS3p59 (b) (b) after the end of the reporting period but before the financial statements are authorised for issue. (f) the acquisition-date fair value of the total consideration transferred and the acquisition-date fair value of each major class of consideration. The acquirer discloses information that enables users of its financial statements to evaluate the nature and financial effect of a business combination that occurs either: IFRS3p59 (a) (a) during the current reporting period. IFRS3pB64(j) (j) for each contingent liability recognised in accordance with IFRS 3 para 23. (e) a qualitative description of the factors that make up the goodwill recognised. the acquirer discloses that fact. if a range cannot be estimated. that fact and the reasons why a range cannot be estimated. and IFRS3pB64(h)(iii) (iii) the best estimate at the acquisition date of the contractual cash flows not expected to be collected.Disclosure checklist 2009 – Section H1 Y-NA-NM REF H1 IFRS 3 Amendment. such as: (i) cash. IFRS3pB64(h)(ii) (ii) the gross contractual amounts receivable. the acquirer discloses the information specified in paras B64-B66. 103 Section H – Early-adoption disclosures 3. including a business or subsidiary of the acquirer. (ii) other tangible or intangible assets. the information required in IFRS 3 para 85 of IAS 37. direct finance leases and any other class of receivables.

and IFRS3pB64(l)(iv) (iv) if the transaction is the effective settlement of a pre- existing relationship. the acquirer discloses that fact and explains why the disclosure is impracticable. changes in accounting estimates and errors’. and IFRS3pB64(q) (q) the following information: IFRS3pB64(q)(i) (i) the amounts of revenue and profit or loss of the acquiree since the acquisition date included in the consolidated statement of comprehensive income for the reporting period. the amount of those costs recognised as an expense and the line item or items in the statement of comprehensive income in which those expenses are recognised. and IFRS3pB64(q)(ii) (ii) the revenue and profit or loss of the combined entity for the current reporting period as though the acquisition date for all business combinations that occurred during the year had been as of the beginning of the annual reporting period. separately. IFRS3pB64(p) (p) in a business combination achieved in stages: IFRS3pB64(p)(i) (i) the acquisition-date fair value of the equity interest in the acquiree held by the acquirer immediately before the acquisition date. IFRS3pB64(m) (m) the disclosure of separately recognised transactions required by IFRS 3p64(l) includes the amount of acquisition-related costs and. ‘Accounting policies.23 for detailed IAS 37 para 86 disclosure requirements). and IFRS3pB64(p)(ii) (ii) the amount of any gain or loss recognised as a result of remeasuring to fair value the equity interest the in acquiree held by the acquirer before the business combination (see IFRS 3 para 42) and the line item in the statement of comprehensive income in which that gain or loss is recognised. the valuation techniques and key model inputs used for determining that value. IFRS 3 uses the term ‘impracticable’ with the same meaning as in IAS 8. Also disclose the amount of any issue costs not recognised as an expense and how they were recognised. 104 . and IFRS3pB64(o)(ii) (ii) for each non-controlling interest in an acquiree measured at fair value. and IFRS3pB64(n) (ii) (ii) a description of the reasons why the transaction resulted in a gain. the method used to determine the settlement amount. IFRS3pB64(o) (o) for each business combination in which the acquirer holds less than 100% of the equity interests in the acquiree at the acquisition date: IFRS3pB64(o)(i) (i) the amount of the non-controlling interest in the acquiree recognised at the acquisition date and the measurement basis for that amount. IFRS3pB64 IFRS3pB64(j)(ii) Section H – Early-adoption disclosures 4. IFRS3pB64(l)(ii) (ii) how the acquirer accounted for each transaction. IFRS3pB64(n) (n) in a bargain purchase (see IFRS 3 paras 34–36): IFRS3pB64(n)(i) (i) the amount of any gain recognised in accordance with IFRS 3 para 34 and the line item in the statement of comprehensive income in which the gain is recognised. If disclosure of any of the information required by this subparagraph is impracticable.Disclosure checklist 2009 – Section H1 Y-NA-NM REF (ii) the reasons why the liability cannot be measured reliably (refer to Section A5. and IFRS3pB64(k) (k) the total amount of goodwill that is expected to be deductible for tax purposes.16 for detailed IAS 37 para 85 disclosure requirements and to Section A5. IFRS3pB64(l)(iii) (iii) the amounts recognised for each transaction and the line item in the financial statements in which each amount is recognised. IFRS3pB64(l) (l) for transactions that are recognised separately from the acquisition of assets and assumption of liabilities in the business combination in accordance with IFRS 3 para 51: IFRS3pB64(l)(i) (i) a description of each transaction.

non-controlling interests or items of consideration and the amounts recognised in the financial statements for the business combination have been determined only provisionally: IFRS3pB67 (i) the reasons why the initial accounting for the business (a)(i). (ii) combination is incomplete. The acquirer discloses information that enables users of its financial statements to evaluate the financial effects of adjustments recognised in the current reporting period that relate to business combinations that occurred in the period or previous reporting periods. 2. IFRS3p61 2. If the acquisition date of a business combination is after the end of the reporting period but before the financial statements are authorised for issue. and IFRS3pB67(a)(iii) (iii) the nature and amount of any measurement period adjustments recognised during the reporting period in accordance with IFRS 3 para 49. (ii) the assets. Contingent liabilities IFRS3pB67(c) 1. 5. IFRS3pB67 To meet the objective in paragraph 61. liabilities. IFRS3pB67(b)(ii) (b) any changes in the range of outcomes (undiscounted) and the reasons for those changes. IFRS3p62 3. Refer to Section A5. the acquirer discloses the information required by IFRS 3 para B64 unless the initial accounting for the business combination is incomplete at the time the financial statements are authorised for issue.16 for detailed IAS 37 para 84 and para 85 disclosure requirements. sells or otherwise loses the right to a contingent consideration asset. the acquirer discloses in aggregate the information required by paragraph B64(e)-(q). the acquirer discloses the information required by IAS 37 paras 84 and 85 for each class of provision. the acquirer discloses the information specified in IFRS 3 para B67. or until the entity settles a contingent consideration liability or the liability is cancelled or expires: IFRS3pB67(b)(i) (a) any changes in the recognised amounts. For each reporting period after the acquisition date until the entity collects. the acquirer describes which disclosures could not be made and the reasons why they cannot be made. For individually immaterial business combinations occurring during the reporting period that are material collectively. Contingent consideration IFRS3pB67(b) 1. For contingent liabilities recognised in a business combination. Adjustments 1. the acquirer discloses the following information for each material business combination or in the aggregate for individually immaterial business combinations that are material collectively: IFRS3pB67(a) (a) if the initial accounting for a business combination is incomplete (see IFRS 3 para 45) for particular assets. including any differences arising upon settlement. Measurement period 1. liabilities. and IFRS3pB67(b)(iii) (c) the valuation techniques and key model inputs used to measure contingent consideration. 6. In that situation. 4. equity interests or items of consideration for which the initial accounting is incomplete. 105 Section H – Early-adoption disclosures .Disclosure checklist 2009 – Section H1 Y-NA-NM IFRS3pB65 REF IFRS3pB66 5. To meet the objective in IFRS 3 para 61.

the acquirer discloses whatever additional information is necessary to meet those objectives. IFRS3p63 2. (e) impairment losses recognised during the reporting period in accordance with IAS 36 (IAS 36 requires disclosure of information about the recoverable amount and impairment of goodwill in addition to this requirement). Apply the standard prospectively to business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after 1 July 2009. Non-current assets held for sale and discontinued operations’. on acquisition. Early-adoption disclosure 3. and (g) any other changes in the carrying amount during the reporting period. (c) adjustments resulting from the subsequent recognition of deferred tax assets during the reporting period in accordance with IFRS 3 para 67. If an entity applies this IFRS before 1 July 2009. nature or incidence that disclosure is relevant to understanding the combined entity’s financial statements. and IFRS3pB67 (e)(ii) (b) is of such a size. disclose the amount of the unallocated goodwill together with the reasons why that amount remains unallocated. disclose that fact and apply IAS 27 (as amended in 2008) at the same time. Section H – Early-adoption disclosures 2. Earlier application is permitted. 7.Disclosure checklist 2009 – Section H1 Y-NA-NM REF 6. (d) goodwill included in a disposal group classified as held for sale in accordance with IFRS 5 and goodwill derecognised during the reporting period without having previously been included in a disposal group classified as held for sale. If the specific disclosures required by this and other IFRSs do not meet the objectives set out in IFRS 3 paras 59 and 61. ‘The effects of changes in foreign exchange rates’. (f) net exchange rate differences arising during the reporting period in accordance with IAS 21. If any portion of the goodwill recognised in a business combination during the period has not been allocated to a cash-generating unit (group of units) at the reporting date (see IAS 36 para 84). this IFRS is applied only at the beginning of an annual reporting period that begins on or after 30 June 2007. meets the criteria to be classified as held for sale in accordance with ‘IFRS 5. Evaluation of the financial effects of gains and losses recognised in the current reporting period IFRS3pB67 (e) 1. (b) additional goodwill recognised during the reporting period. Disclose the amount and an explanation of any gain or loss recognised in the current reporting period that both: IFRS3pB67 (e)(i) (a) relates to the identifiable assets acquired or liabilities assumed in a business combination that was effected in the current or previous reporting period. except goodwill included in a disposal group that. 106 . IFRS3p64 8. Goodwill IFRS3pB67 (d) IFRS3pB67 (d)(i) IFRS3pB67 (d)(ii) IFRS3pB67 (d)(iii) IFRS3pB67 (d)(v) IFRS3pB67 (d)(vi) IFRS3pB67 (d)(iv) IFRS3pB67 (d)(vii) IFRS3pB67 (d)(viii) 36p133 1. However. (h) the gross amount and accumulated impairment losses at the end of the reporting period. Disclose a reconciliation of the carrying amount of goodwill at the beginning and end of the reporting period showing separately: (a) the gross amount and accumulated impairment losses at the beginning of the reporting period.

the parent shall disclose the gain or loss. of more than half of the voting or potential voting power of an investee does not constitute control. 12p81(h) 12p81(h) 12p81(h) H2 IAS 27 Amendment. (b) The amount of income tax consequences of dividends to shareholders that were proposed or declared before the financial statements were authorised for issue. a description of the event or change in circumstances that caused the deferred tax benefits to be recognised. (g) the portion of that gain or loss attributable to recognising any investment retained in the former subsidiary at its fair value at the date when control is lost. and the reason for using a different date or period. Consolidated and separate financial statements Section H – Early-adoption disclosures 1. Other disclosures impacted by the early adoption of IFRS 3 Income taxes 1. (c) If a business combination in which the entity is the acquirer causes a change in the amount recognises for its pre- acquisition deferred tax asset (see IAS 12 para 67). directly or indirectly through subsidiaries. but are not recognised as a liability in the financial statements. directly or indirectly through subsidiaries. (c) 27p41(d) 27p41(e) 27p41(f). and (h) the line item(s) in the statement of comprehensive income in which the gain or loss is recognised (if not presented separately in the statement of comprehensive income).Disclosure checklist 2009 – Sections H1-H2 Y-NA-NM REF 12p81(h) 9.(i). (b). recognised in accordance with paragraph 34. 107 . Disclose separately: (a) In respect of discontinued operations. more than half of the voting power.(ii) Disclose the following in the consolidated financial statements: (a) the nature of the relationship between the parent and a subsidiary when the parent does not own. (e) a schedule that shows the effects of any changes in a parent’s ownership interest in a subsidiary that do not result in a loss of control on the equity attributable to owners of the parent. the tax relating to: (i) the gain or loss on discontinuance. the amount of that change. (d) the nature and extent of any significant restrictions (eg resulting from borrowing arrangements or regulatory requirements) on the ability of subsidiaries to transfer funds to the parent in the form of cash dividends or to repay loans or advances. if any. and (f) if control of a subsidiary is lost. and (d) If the deferred tax benefits acquired in a business combination are not recognised at the acquisition date but are recognised after the acquisition date (see IAS 12 para 68). Subsidiaries 27p41(a). (c) the end of the reporting period of the financial statements of a subsidiary when such financial statements are used to prepare consolidated financial statements and are as of a date or for a period that is different from that of the parent’s financial statements. and (ii) the profit or loss from the ordinary activities of the discontinued operation for the period. together with the corresponding amounts for each prior period presented. (b) the reasons why the ownership.

country of incorporation or residence. 2. 27p42 (a) 27p42 (b) 27p42 (c) 27p43 27p43 (a) 27p43 (b) Section H – Early-adoption disclosures 27p43 (c) 27p43 27p42(c) 3. disclose in the separate financial statements: (a) the fact that the financial statements are separate financial statements. if different. When separate financial statements are prepared for a parent that. proportion of ownership interest and. venturer with an interest in a jointly controlled entity or an investor in an associate prepares separate financial statements. jointly controlled entities and associates. proportion of ownership interest and. separately from the equity of the owners of the parent 27p45 4. including the name. Also identify the financial statements prepared in accordance with IAS 27 para 9. Separate financial statements 1. (b) a list of significant investments in subsidiaries. Disclose in the parent’s separate financial statements (that elects not to prepare consolidated financial statements) the accounting policies adopted with respect to the investments listed under IAS 27 para 42(b). If an entity applies the amendments before 1 July 2009. Earlier application is permitted. and (c) a description of the method used to account for the investments listed under (b). disclose that fact. and the address where those consolidated financial statements are obtainable. the name and country of incorporation or residence of the entity whose consolidated financial statements that comply with IFRS have been produced for public use. disclose in those separate financial statements: (a) the fact that the statements are separate financial statements and the reasons why those statements are prepared if not required by law. Do not 27p45 (a) 108 . Transition disclosures 1. even if this results in the non- controlling interests having a deficit balance. including the name. proportion of voting power held.Disclosure checklist 2009 – Section H2 Y-NA-NM REF 27p42 2. Disclose in the parent’s separate financial statements the accounting policies adopted with respect to the investments listed under IAS 27 para 43(b) 3. in accordance with IAS 27 para 10. (b) a list of significant investments in subsidiaries. that the exemption from consolidation has been used. and (c) a description of the method used to account for the investments listed under (b). However. Present non-controlling interests in the consolidated statement of financial position within equity. an entity should not apply these amendments for annual periods beginning before 1 July 2009 unless it also applies IFRS 3 (as revised in 2008). country of incorporation or residence. elects not to prepare consolidated financial statements. The amendments to IAS 27 made in 2008 apply for annual periods beginning on or after 1 July 2009. The amendments apply retrospectively. if different. jointly controlled entities and associates. Other disclosures – accounting policies 1. or IAS 28 and IAS 31 to which they relate. proportion of voting power held. with the following exceptions: (a) the amendment to IAS 27 para 28 for attributing total comprehensive income to the owners of the parent and to the non-controlling interests. 27p43 (c) 27p27 2. When a parent (other than a parent covered by IAS 27 para 42).

(c) Information to be presented in the statement of financial position 1p54(q) 1p106(a) 1. and the amount of the assets and liabilities. (c) the amount of cash and cash equivalents in the subsidiaries. 2. showing separately contributions by and distributions 1p106(b) 1p106 (d) 109 Section H – Early-adoption disclosures 1. do not recalculate any gain or loss on the loss of control of a subsidiary that occurred before the amendments are applied. in aggregate. other than cash or cash equivalents. . the requirements in paras 30 and 31 do not apply to changes that occurred before an entity applies the amendments. showing separately the total amounts attributable to (i) owners of the parent. (d) control of subsidiaries or other businesses during the period each of the following: (a) the total consideration paid or received. a reconciliation between carrying amount at the beginning and the end of the period. separately disclosing changes resulting from: (i) profit or loss. These disclosures may be presented either in the notes or in the statement of comprehensive income. (b) for each component of equity. and (c) the requirements in IAS 27 paras 34-37 for the loss of control of a subsidiary. in the subsidiaries or other businesses over which control is obtained or lost. (b) the requirements in IAS 27 paras 30 and 31 for accounting for changes in ownership interests in a subsidiary after control is obtained. (b). Do not restate the carrying amount of an investment in a former subsidiary if control was lost before it applies those amendments. (b) the portion of the consideration consisting of cash and cash equivalents. As a minimum the statement of financial position includes non- controlling interest. 5. Disclose.Disclosure checklist 2009 – Section H2 Y-NA-NM REF 27p45 (b) 27p45 (c) therefore restate any profit or loss attribution for reporting periods before the amendment is applied. Therefore. or (d) other businesses over which control is obtained or lost. presented within equity. Other disclosures impacted by the early adoption of IAS 27 (a) Non-current assets held for sale – presenting income from continuing and discontinued operations Disclose the amount of income from continuing operations and from discontinued operations attributable to owners of the parent. and (c) for each component of equity. and (ii) non-controlling interests. summarised by each major category. and classify the cash flows as investing activities. (ii) each item of other comprehensive income. and (iii) transactions with owners in their capacity as owners. (b) Statement of cash flows – changes in ownership interests in subsidiaries and other businesses 7p39 7p40(a). IFRS5p 33 (d) 1. Present a statement of changes in equity showing in the statement: (a) total comprehensive income for the period. In addition. Disclose separately the aggregate cash flows arising from obtaining or losing control of subsidiaries or other businesses. in respect of both obtaining and losing (c). (d) Changes in equity 1. the effects of retrospective application or retrospective restatement recognised in accordance with IAS 8.

Disclose in the statement of comprehensive income as allocations for the period: (a) profit or loss attributable to: (i) non-controlling interest. If the entity declares a dividend to distribute a non-cash asset after the end of a reporting period but before the financial statements are authorised for issue. 110 . ‘Distributions of non-cash assets to owners’.Disclosure checklist 2009 – Sections H2-H4 Y-NA-NM REF 1p83(a) to owners and changes in ownership interests in subsidiaries that do not result in a loss of control (e) Information to be presented in the statement of comprehensive income 1. IFRIC 17. and (ii) owners of the parent. and (ii) owners of the parent. and (b) total comprehensive income for the period attributable to: (i) non-controlling interest. and (c) whether fair values are determined. when a valuation technique is used. For distributions disclose: IFRIC17p16(a) (a) the carrying amount of the dividend payable at the IFRIC17p17 4. Presenting discontinued operations An entity that is committed to a sale plan involving the loss of control of a subsidiary discloses the information required by IFRS 5 paras 33 and 36 when the subsidiary is a disposal group that meets the definition of a discontinued operation in accordance with IFRS 5 para 32). and distributions in which the owner is given the choice of receiving either non-cash assets or a cash alternative. and (b) the increase or decrease in the carrying amount recognised in the period as a result of the change in the fair value of the assets to be distributed. IAS 27 (revised) and the related amendments to IFRS 5 are applied at the same time. 2. present any difference between the carrying amount of the assets distributed and the carrying amount of the dividend payable as a separate line item in profit or loss. directly by reference to published price quotations in an active market or are estimated using a valuation technique and the method used to determine fair value and. Retrospective application is not permitted. Distributions of non-cash assets to owners 1. (b) the carrying amount of the asset to be distributed as of the end of the reporting period. Early application is permitted provided that IAS 27 (2008) is applied at the same time. published in 2008. IFRIC 17 is applied prospectively for annual periods beginning on or after 1 July 2009. IFRSp36A Section H – Early-adoption disclosures H4 IFRIC 17. IFRIC17p16(b) beginning and end of the period. the assumptions applied. 1p83(b) H3 Amendments to IFRS 5 Non-current assets held for sale and discontinued operations Early adoption The amendment to IFRS 5 as a result of the ‘Improvements to IFRSs 2008’ is effective for annual periods beginning on or after 1 July 2009. IFRIC17p18 IFRIC17p15 IFRIC17p16 3. discloses that fact. in whole or in part. When an entity settles a dividend payable. with early application permitted provided that IFRS 3 (revised). disclose: (a) the nature of the asset to be distributed. If an entity applies the IFRS 5 amendments before 1 July 2009. provides guidance on distributions of non- cash assets to owners.

IFRS 8. No responsibility for loss to any person acting or refraining from acting as a result of any material in this checklist can be accepted by PricewaterhouseCoopers. In particular. IFRIC 18 is applied prospectively to transfers of assets from customers received on or after 1 July 2009. IFRS5p5B 2. earlier application is permitted. or (b) disclosures about measurement of assets and liabilities within a disposal group that are not within the scope of the measurement requirement of IFRS 5 and such disclosures are not already provided in other notes to the financial statements. IFRS Disclosure checklist 2009 is designed for the information of readers. provides guidance on transfers of property. 2. Disclose the measure of profit or loss for each reportable segment.s. 111 Section H – Early-adoption disclosures . Non-current assets held for sale and discontinued operations Presenting non-current assets held for sale and discontinued operations An entity with non-current assets (or disposal groups) classified as held for sale or discontinued operations applies the disclosure requirements of IFRS 5. While every effort has been made to ensure accuracy. Recipients should not act on the basis of this checklist without seeking professional advice. Disclose the measure of total assets and liabilities for each reportable segment if such amounts are regularly provided to the chief operating decision maker. information contained in this publication may not be comprehensive or may have been omitted that may be relevant to a particular reader. published in 2009. Disclosures in other IFRSs do not apply to such assets (or disposal groups) unless those IFRSs require: (a) specific disclosures in respect of non-current assets (or disposal groups) classified as held for sale or discontinued operations. Operating segments IFRS8 Operating segments information about profit or loss. Transfers of Assets from Customers Early adoption IFRIC 18. provided that the necessary valuations and other information were obtained at the time those transfers occurred. or as a substitute for reading the standards and interpretations when dealing with specific issues. plant and equipment (or cash to acquire it) for entities that receive such contributions from their customers. IFRS 5.Disclosure checklist 2009 – Sections H5-H6 Y-NA-NM REF H5 IFRIC 18. IFRIC18p22 H6 Improvements to IFRS 2009 (annual improvements project) 1. assets and liabilities 1. ‘Transfers of Assets from Customers’. this checklist is not intended as a study of all aspects of IFRS. An entity discloses the date from which the interpretation was applied.

112

PricewaterhouseCoopers’ IFRS and corporate governance publications and tools 2009
IFRS surveys and market issues
Presentation of income under IFRS
Trends in use and presentation of non-GAAP income measures in IFRS financial statements.

Recasting the reporting model

Survey of corporate entities and investors, and PwC insights on how to simplify and enhance communications.

Corporate reporting: is it what investment professionals expect?

IFRS: The European investors’ view
Impact of IFRS reporting on fund managers’ perceptions of value and their investment decisions.

Measuring assets and liabilities

Joining the dots – survey of narrative reporting practices

Survey of investment professionals, looking at their use of the balance sheet in analysing performance and the measurement bases for assets and liabilities that best suit their needs.

Survey looking at the information that companies provide, and whether investors and analysts have the information they need to assess corporate performance.

IFRS 7: Potential impact of market risks

Examples of how market risks can be calculated.

Survey of the quality of narrative reporting among FTSE 350 companies, identifying where action is needed in the next reporting cycle for companies to gain a competitive edge and help restore trust in this tough economic environment.

Performance statement: coming together to shape the future

The EU Transparency Directive

2007 survey of what investment professionals and corporate management require to assess performance.

Guidance for listed companies required to implement the EU’s new Transparency Directive rules relating to periodic reporting requirements.

Corporate governance publications
Audit Committees – Good Practices for Meeting Market Expectations
Provides PwC views on good practice and summarises audit committee requirements in over 40 countries.

World Watch magazine

Global magazine with news and opinion articles on the latest developments and trends in governance, financial reporting, narrative reporting, sustainability and assurance.

IFRS for SMEs publications
IFRS for SMEs – pocket guide 2009
Provides a summary of the recognition and measurement requirements in the ‘IFRS for small and medium-sized entities’ published by the International Accounting Standards Board in July 2009.

IFRS for SMEs – Illustrative consolidated nancial statements 2010
Realistic set of financial statements prepared under IFRS for small and medium entities, illustrating the required disclosure and presentation.

Similarities and differences – a comparison of ‘full IFRS’ and IFRS for SMEs
60-page publication comparing the requirements of the IFRS for small and medium-sized entities with ‘full IFRS’ issued up to July 2009. An executive summary outlines some key differences that have implications beyond the entity’s reporting function.

Hard copies can be ordered from cch.co.uk/ifrsbooks (unless indicated otherwise) or via your local PricewaterhouseCoopers office. See the full range of our services at www.pwc.com/ifrs IFRS tools
Comperio – Your path to knowledge
On-line library of global financial reporting and assurance literature. Contains full text of financial reporting standards of US GAAP and IFRS, plus materials of specific relevance to 10 other territories. Register for a free trial at www.pwccomperio.com

PwC inform – IFRS on-line

P2P IFRS – from principle to practice Interactive IFRS training

On-line resource for finance professionals globally, covering financial reporting under IFRS (and UK GAAP). Use PwC inform to access the latest news, PwC guidance, comprehensive research materials and full text of the standards. The search function and intuitive layout enable users to access all they need for reporting under IFRS. Register for a free trial at www.pwcinform.com

PwC’s interactive electronic learning tool brings you up to speed on IFRS. Contains 23 hours of learning in 40 interactive modules. Up to date as of March 2009. For more information, visit www.pwc.com/ifrs

About PricewaterhouseCoopers

PricewaterhouseCoopers provides industry-focused assurance, tax, and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 155,000 people in 153 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.

Contacting PricewaterhouseCoopers

Please contact your local PricewaterhouseCoopers office to discuss how we can help you make the change to International Financial Reporting Standards or with technical queries.
© 2009 PricewaterhouseCoopers. All rights reserved. PricewaterhouseCoopers refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.

www.pwc.com/ifrs UP/GCR092-B19001 .