IAS/Full IFRS Deleted in the IFRS for SMEs IFRS 4 IFRS 5 IFRS 8 IFRS 9 IFRS 10 IFRS 11 IFRS

12 IFRS 13 IAS 3 IAS 4 IAS 5 IAS 6 IAS 9 IAS 13 IAS 14 IAS 15 IAS 22 IAS 25 IAS 26 IAS 30 IAS 33 IAS 34 IAS 35 IAS 39 Insurance Contracts Non-current Assets Held for Sale and Discontinued Operations Operating Segments Financial Instruments 2010* Consolidated Financial Statements Joint Arrangements Disclosure of Interests in Other Entities Fair Value Measurement Consolidated Financial Statements (Superseded in 1989 by IAS 27 and IAS 28) Depreciation Accounting (Withdrawn in 1999) Information to Be Disclosed in Financial Statements (Superseded by IAS 1 effective 1 July 1998) Accounting Responses to Changing Prices (Superseded by IAS 15, which was withdrawn December 2003 ) Accounting for Research and Development Activities (Superseded by IAS 39 effective 1 July 1999) Presentation of Current Assets and Current Liabilities (Superseded by IAS 39 effective 1 July 1998) Segment Reporting (Superseded by IFRS 8 effective 1 January 2009) Information Reflecting the Effects of Changing Prices (Withdrawn December 2003) Business Combinations (Superseded by IFRS 3 effective 31 March 2004) Accounting for Investments (Superseded by IAS 39 and IAS 40 effective 2001) Accounting and Reporting by Retirement Benefit Plans Disclosures in the Financial Statements of Banks and Similar Financial Institutions (Superseded by IFRS 7 effective 1 January 2007) Earnings per Share Interim Financial Reporting Discontinuing Operations (Superseded by IFRS 5 effective 1 January 2005) Financial Instruments: Recognition and Measurement (Superseded by IFRS 9 effective 1 January 2015)

Accounts disclosed on the face of the Statement of Financial Position* Title Property, Plant And Equipment Investment Property Intangible Assets Inventories Investments in Associates Investment in Joint Ventures Leases Provisions and Contingencies Liabilities and Equity * Requirements with equivalent IAS and Section IAS 16 40 38 2 28 31 17 37 1, 32 Section 17 16 18 13 14 15 20 21 22

Some other minimum line items required. These include: Cash and equivalents Receivables Financial assets Intangible assets Biological assets at cost Biological assets at fair value Payables Financial liabilities Current tax assets and liabilities Deferred tax assets and liabilities Non-controlling interest Equity of owners of parent

Differences of the following accounts Title Inventory Measurement IAS 2 - measured at the lower of cost and net realisable value (NRV) Sec 13 - Measured at the lower cost and estimated selling price less costs to complete and sell Disclosure Requirement IAS 2 - carrying amount, generally classified as merchandise, supplies, materials, work in progress, and finished goods. The classifications depend on what is appropriate for the entity IAS 38 - useful life or amortisation rate, amortisation method, gross carrying amount Sec 13 - the accounting policies adopted in measuring inventories, including the cost formula used

Intangible Assets

IAS 38 - initially measured at cost, subsequently measured at cost or using the revaluation model

Sec 18 - Charge all research and development costs to expense

Property, Plant and Equipment

IAS 16 - initially measured at its cost, subsequently measured either using a cost or revaluation model, and depreciated so that its depreciable amount is allocated on a systematic basis over its useful life

Sec 17 Measurement is initially at cost, including costs to get the property ready for its intended use Subsequent to acquisition, the entity uses the costdepreciationimpairment model, which recognises depreciation and impairment of the carrying amount

IAS 16 - basis for measuring carrying amount, depreciation method(s) used, useful lives or depreciation rates

Sec 18 - whether the useful lives are indefinite or finite and, if finite, the useful lives or the amortisation rates used; the amortisation methods used for intangible assets with finite useful lives Sec 17 - the depreciation methods used; the useful lives or the depreciation rates used

Investment Property

IAS 40 - initially measured at cost and, with some exceptions. May be subsequently measured using a cost model or fair value model, with changes in the fair value under the fair value model being recognised in profit or loss IAS 37 - Provisions are measured at the best estimate (including risks and uncertainties) of the expenditure required to settle the present obligation, and reflects the present value of expenditures required to settle the obligation where the time value of money is material.

Sec 16 - If fair value can be measured reliably without undue cost or effort, use the fair value through profit or loss model Otherwise, an entity must treat investment property as property, plant and equipment using Section 17 Sec 21 - Initially recognised at the best possible estimate at the reporting date. This value should take into any time value of money if this is considered material. When all or part of a provision may be reimbursed by a third party, the reimbursement is to be recognised separately only when it is virtually certain payment will be received. Sec 14 - Costimpairment model (except if there is a published quotation – then must use fair value through profit or loss); Equity method (investor recognises its share of profit or loss of the associate – detailed guidance is provided); Fair value through profit or loss

IAS 40 - whether the fair value or the cost model is used if the fair value model is used, whether property interests held under operating leases are classified and accounted for as investment property

Sec 16 - An entity that elects to use the cost model for its investment property is encouraged, but not required, to disclose the fair value of its investment property if that fair value can be measured reliably without undue cost or effort Sec 21 - the carrying amount at the beginning and end of the period; unused amounts reversed during the period.

Provisions and Contingencies

IAS 37 - opening balance; Additions; used (amounts charged against the provision); unused amounts reversed

Investment in Associates

IAS 28 - Under the equity method of accounting, an equity investment is initially recorded at cost and is subsequently adjusted to reflect the investor's share of the net profit or loss of the associate.

IAS 28 - fair value of investments in associates for which there are published price quotations summarised financial information of associates, including the aggregated amounts of assets, liabilities, revenues, and profit or loss

Sec 14 - summarised financial information of associates, including the aggregated amounts of assets, liabilities, revenues and profit or loss, along with the investor’s percentage of ownership of the associates