UIC Number Langua Term in English Term in Azeri Source (term

ge not unique to
reference)
1 EN 1 EN [Amount] recoverable Brpa edil biln [mbl] KT

2 EN 2 EN Corridor Dhliz KT

3 EN 3 EN Cost of sales method "satlarn maya dyri" KT

metodu
4 EN 4 EN Acceptable under IFRSs MHBS-a sasn mnasib IFRS 1

olan

5 EN 5 EN Accountability of management Rhbrliyin hesabatll IFRS 1

6 EN 6 EN Accounting Mhasibat uotu KT

7 EN 7 EN Accounting and Reporting by Pensiya tminat planlar zr IAS 26

Retirement Benefit Plans mhasibat uotu v

hesabatll
8 EN 8 EN Accounting estimate uot qiymtlndirmsi KT

9 EN 9 EN Accounting for Government Dvlt subsidiyalarnn uotu IAS 20

Grants and Disclosure of v dvlt yardm zr

Government Assistance mlumatn aqlamas
10 EN 10 EN accounting for inventories ehtiyatlarn uotu IAS 2

11 EN 11 EN Accounting for Investments in Asl tsrrfat IAS 28

Associates cmiyytlrind
investisiyalarn uotu
12 EN 12 EN Accounting income Uot gliri KT

13 EN 13 EN Accounting model Uot modeli KT

14 EN 14 EN Accounting period Uot dvr KT

15 EN 15 EN Accounting Policies, Changes in Uot siyastlri, uot IAS 8

Accounting Estimates and Errors qiymtlndirmlrind

dyiikliklr v shvlr
16 EN 16 EN Accounting policy Uot siyasti KT

17 EN 17 EN Accounting principle Uot prinsipi KT

18 EN 18 EN Accounting profit Uot mnfti KT

19 EN 19 EN Accounting record Mhasibat yazl KT

20 EN 20 EN Accounting treatment Mhasibat uotunun KT

aparlmas
21 EN 21 EN Accounts receivable Debitor borclar KT

22 EN 22 EN Accrual basis Hesablama metodu KT

23 EN 23 EN Accrual basis of accounting Mhasibat uotunun KT

hesablama metodu

24 EN 24 EN Accrued liabilities Hesablanm hdliklr KT

25 EN 25 EN Accumulated (amortisation, Ylm (amortizasiya, faiz, IFRS 1

interest, profit or loss) mnft v ya zrr)

26 EN 26 EN Accumulated profit or loss Ylm mnft v ya zrr KT

27 EN 27 EN Accumulating compensated Ylan dnili mzuniyytlr KT

absences
28 EN 28 EN Achieve comparability Mqayisliliyin ld olunmas IFRS 1

29 EN 29 EN acquired entity ld edilmi qurum IFRS 3

30 EN 30 EN acquired goodwill ld edilmi qudvil IFRS 3

31 EN 31 EN acquired in a business tsrrfat cmiyytlrinin IFRS 3

combination birlmsi nticsind ld

edilmi
32 EN 32 EN Acquiree ld ediln tsrrfat KT

cmiyyti
33 EN 33 EN Acquirer ld edn tsrrfat KT

cmiyyti
34 EN 34 EN Acquisition ld etm KT

35 EN 35 EN acquisition date ld etm tarixi IFRS 3

36 EN 36 EN Active market Fal bazar KT

37 EN 37 EN active use fal istifad IFRS 5

38 EN 38 EN actively marketed fal kild bazarda alnb- IFRS 5

satlan
39 EN 39 EN Actuarial assumptions Aktuar frziyylr KT

40 EN 40 EN Actuarial gains and losses Aktuar mnft v zrr KT

41 EN 41 EN Actuarial present value of Nzrd tutulan pensiya KT

promised retirement benefits dnilrinin aktuar cari

dyri
42 EN 42 EN Actuarial valuation Aktuar qiymtlndirm KT

43 EN 43 EN Actuarial valuation method Aktuar qiymtlndirm KT

metodu
44 EN 44 EN Additional comparative Mqayis ediln lav IFRS 1

information informasiya

45 EN 45 EN Additional consideration lav dni KT

46 EN 46 EN additional disclosure lav aqlama IFRS 5

47 EN 47 EN Adjust for consolidation birldirm (konsolidasiya) IFRS 1

procedures proseduru n dzli

48 EN 48 #REF! Adjusted weighted-average Shmlrin dzli edilmi IAS 33

shares ortakili dyri

50 EN 50 EN adjustment Dzli edilm IFRS 5

51 EN 51 EN Administrative expenses nzibati xrclr KT

52 EN 52 EN Admission fees Giri haqq KT

53 EN 53 EN Advance Avans KT

54 EN 54 EN adverse economic consequences Mnfi iqtisadi nticlr IFRS 2

55 EN 55 EN adverse event Xoaglmz hadis IFRS 4

56 EN 56 EN After-tax amount Vergitutmadan sonrak IAS 33

mbl

57 EN 57 EN Agency Agentlik KT

58 EN 58 EN Aggregate Birlm KT

59 EN 59 EN Aggregation Birldirm KT

60 EN 60 EN Agreement date Razlama tarixi IFRS 3

61 EN 61 EN Agricultural activity Knd tsrrfat faliyyti IAS 41

62 EN 62 EN Agricultural produce Knd tsrrfat mhsullar KT

63 EN 63 EN Agriculture Knd tsrrfat IAS 41

64 EN 64 EN Allocation Bldrm KT

65 EN 65 EN Allowance Ehtiyat fondu KT

66 EN 66 EN allowance account Ehtiyat fondu zr hesab IFRS 7

67 EN 67 EN Allowed alternative treatment caz veriln alternativ KT

yanama
68 EN 68 EN American share option Amerika bazarlarna uyun IFRS 2

shmlr zr opsion
69 EN 69 EN Amortisation Amortizasiya KT

70 EN 70 EN Amortisation method Amortizasiya metodu KT

71 EN 71 EN Amortisation period Amortizasiya dvr KT

72 EN 72 EN Amortised cost Amortizasiya mbli IFRS 1

73 EN 73 EN Amortised cost of a financial asset Maliyy aktivinin v ya KT

or financial liability maliyy hdliyinin

amortizasiya mbli

74 EN 74 EN amount of inventories Ehtiyatlarn mbli IAS 2

75 EN 75 EN amount payable dnilmli olan mbl IFRS 3

76 EN 76 #REF! Amount per share Hr shm zr mbl IAS 33

78 EN 78 EN Analysis Thlil KT

79 EN 79 EN Annual leave Hr l n mzuniyyt KT / IAS 19

80 EN 80 EN Annual periods llik dvrlr IAS 33

81 EN 81 EN annuitant annuiteti alan xs IFRS 4

82 EN 82 EN annuitisation annuitetldirm IFRS 4

83 EN 83 EN annuity annuitet IFRS 4

84 EN 84 EN Antidilution Antidaylun IAS 33

85 EN 85 EN Antidilutive Antidaylutiv IAS 33

86 EN 86 EN Appendix lav KT

87 EN 87 EN Application of Requirements Tlblrin ttbiqi IFRS 1 IG

88 EN 88 EN application supplement ttbiqetm zr lav snd IFRS 3

89 EN 89 EN appraisal Dyrin qiymtlndirilmsi IFRS 3

90 EN 90 EN Arms length transaction Mstqil trflr arasnda KT

svdlm
91 EN 91 EN Asking price Satcnn tklif etdiyi qiymt KT

92 EN 92 EN Assess qiymtlndirmk KT

93 EN 93 EN Asset Aktiv KT

94 EN 94 EN asset exchange transactions aktivlrin mbadilsi IAS 16

mliyyatlar

95 EN 95 EN Assets acquired ld edilmi aktivlr IFRS 1

96 EN 96 EN Assets held by a long-term ilrin uzunmddtli KT

employee benefit fund mkafatlandrlmas n

yaradlm fondun aktivlri

97 EN 97 EN assets retired from active use istismardan xarlan aktivlr IFRS 5

98 EN 98 EN Associate Asl tsrrfat cmiyyti KT

99 EN 99 EN Audit report Audit hesabat IFRS 1

100 EN 100 EN Authorise [financial statements for razlq vermk (maliyy KT

issue] hesabatlarn drc edilmk

n)
101 EN 101 EN Available-for-sale financial assets Satla biln maliyy aktivlri KT

102 EN 102 #REF! Balance sheet Balans hesabat KT

104 EN 104 EN Balance sheet liability method Balans hesabat zr hdlik KT

metodu

105 EN 105 EN Bank Bank KT

106 EN 106 EN Bank overdraft Bank overdraft KT

107 EN 107 EN Bankruptcy Mflislm KT

108 EN 108 EN bargain purchase gztli al IFRS 3

109 EN 109 EN Basic earnings per share Shm zr sas mnft KT

110 EN 110 EN basis adjustment sas (fundamental) dzli IAS 39

111 EN 111 EN Basis for Conclusions Ntic n saslar IFRS 1

112 EN 112 EN basis point yzd bir faiz IFRS 7B

113 EN 113 EN Benchmark treatment Standart uot qaydas KT

114 EN 114 EN beneficial contracts Smrli mqavillr IFRS 3

115 EN 115 EN Benefit Smr KT

116 EN 116 EN Benefit obligation Pensiya tminat IFRS 1

(mavintlr) zr hdlik

117 EN 117 EN Benefit to users stifadilrin smrsi IFRS 1

118 EN 118 EN Best estimate n yax qiymtlndirm KT

119 EN 119 EN Bias Qiymt knarlamas KT

120 EN 120 EN Bid bonds Tender tkliflri zr KT

zmantlr
121 EN 121 EN Bid price Tlb qiymti KT

122 EN 122 EN bid-ask spread Tlb-tklif qiymtlri IAS 39

arasndak frq

123 EN 123 EN Binding sale agreement cbari sat mqavilsi KT

124 EN 124 EN binomial kili IFRS 2

125 EN 125 EN Biological asset Bioloji aktiv KT

126 EN 126 EN Biological transformation Bioloji transformasiya KT

127 EN 127 EN Black-Scholes-Merton formula Blek-Skoulz-Merton formulas IFRS 2

128 EN 128 EN Board of directors Direktorlar uras KT

129 EN 129 EN Bonus issue Pulsuz shm buraxl IAS 33

130 EN 130 EN Bonus plan Bonus plan KT

131 EN 131 EN book of contracts mqavillr kitab (toplusu) IFRS 4

132 EN 132 EN Book value Balans dyri KT

133 EN 133 EN Borrowing costs Borclar zr msrflr KT / IAS 23

134 EN 134 EN Bottom-up test artan sviyy zr testdn KT

keirilm
135 EN 135 EN business Mssis IFRS 3

136 EN 136 EN Business combination Mssislrin birlmsi KT

137 EN 137 EN business combination involving mumi nzartd olan qurum IFRS 3

entities or businesses under v mssislri z trkibin

common control daxil edn mssislrin
birlmsi
138 EN 138 EN Business Combinations Mssislrin birlmlri IFRS 3

139 EN 139 EN Business Combinations Date of Mssislrin SIC-28

Exchange and Fair Value of birlmlri-"Mbadil tarixi"

Equity Instruments v pay altlrinin daltli
140 EN 140 EN Business Combinations - dyri
Mssislrin birlmlri- SIC-9

Classification either as ld etm v ya maraqlarn

Acquisitions or Unitings of birldirilmsi zr tsnifat
Interests
141 EN 141 EN Business Combinations - Mssislrin birlmlri- SIC-22

Subsequent Adjustment of Fair daltli dyrlr v qudvilin

Values and Goodwill Initially nvbti dzlii il bal ilkin
Reported hesabat
142 EN 142 EN Business segment Mssis seqmenti KT

143 EN 143 EN Business unit Tsrrfat vahidi KT

144 EN 144 EN Buying segment Al segmenti KT

145 EN 145 EN By-product lav mhsul KT

146 EN 146 EN Call options Alc opsionlar KT

147 EN 147 EN Callable Vaxtndan vvl al hququ KT

olan
148 EN 148 #REF! Cap n yksk hdd KT

150 EN 150 EN Capital Kapital KT

151 EN 151 EN capital appreciation kapitaln dyrinin artm IAS 40

152 EN 152 EN Capital asset pricing model Maliyy (kapital) aktivlrinin KT

qiymtmlglm modeli
(CAPM modeli)
153 EN 153 EN Capital contribution Kapital qoyuluunda itirak KT

etmk
154 EN 154 EN Capital expenditure kapitalladrlm msrflr KT

155 EN 155 EN Capital gain Kapitaln dyrinin artmndan KT

glir
156 EN 156 EN Capital maintenance Kapitaln saxlanlmas KT

157 EN 157 EN Capital maintenance adjustment Kapitaln saxlanlmas zr KT

dzli
158 EN 158 EN Capitalisation Kapitalladrma KT

159 EN 159 EN Capitalisation of interest Faizlrin kapitalladrlmas KT

160 EN 160 EN capped interest rate yuxar hddi IFRS 7 IG

myynldirilmi faiz
drcsi
161 EN 161 EN Carried at cost Maya dyri il uota alnan KT

162 EN 162 EN Carry forward Nvbti dvr keirmk KT

163 EN 163 EN Carrying amount Balans dyri KT

164 EN 164 EN Cash Pul vsaitlri KT

165 EN 165 EN Cash basis Kassa metodu KT

166 EN 166 EN Cash equivalents Pul vsaitlrinin ekvivalentlri KT

167 EN 167 EN Cash flow Pul vsaitlrinin hrkti KT

168 EN 168 EN Cash flow hedge Pul vsaiti hrktlrinin IAS 32

hedcinqi
169 EN 169 EN Cash flow risk Pul vsaiti hrktlrinin riski KT

170 EN 170 EN Cash flow statement = Statement Pul vsaitlrinin hrkti KT

of cash flows haqqnda hesabat

171 EN 171 EN Cash Flow Statements Pul vsaitlrinin hrkti IAS 7

haqqnda hesabatlar
172 EN 172 EN Cash generating unit Pul vsaitlrini yaradan vahid KT

173 EN 173 EN Cash inflow Pul vsaitlrinin daxil olmas KT

174 EN 174 EN Cash on hand Kassada olan pul KT

vsaitlrinin qal
175 EN 175 EN Cash outflow Pul vsaitlrinin xaric olmas KT

176 EN 176 EN Cash payments Nad dnilr KT

177 EN 177 EN Cash price equivalent Nad kild dnil qiymt IAS 16

ekvivalenti

178 EN 178 EN Cash proceeds Pul daxilolmalar KT

179 EN 179 EN Cash surrender value Sortann dayandrlmas IFRS 4 IG

zr haqq
180 EN 180 EN Cash-settled share option Dyrinin nad dnilmsi IAS 32

myynldirilmi shm zr
opsion
181 EN 181 EN Cash-settled share-based Dyrinin nad dnilmsi IFRS 2

payment transaction myynldirilmi shmlr

sasnda dm
svdlmlri
182 EN 182 EN Catastrophe bond Tbii flakt zr istiqrazlar IFRS 4

183 EN 183 EN Catastrophe provisions Tbii flakt zr yaradlan IFRS 4

ehtiyatlar
184 EN 184 EN Cedant Sedent IFRS 4

185 EN 185 EN Certificates of deposit Depozit sertifikat KT

186 EN 186 EN Cessation (of capitalisation) kapitalladrlmann KT

dayandrlmas
187 EN 187 EN Chief executive officer Ba icra direktor KT

188 EN 188 EN Claim ddia KT

189 EN 189 EN Class A preference share A kateqoriyal imtiyazl IAS 33

shmlr

190 EN 190 #REF! Class of assets Aktivlrin kateqoriyas KT

192 EN 192 EN Class of property, plant and torpaq, tikili v avadanlqlar IAS 16

equipment kateqoriyas

193 EN 193 EN Classification Tsnifat KT

194 EN 194 EN Classification of Financial Maliyy altlrinin tsnifat - SIC-5

Instruments Contingent Hesablama zr rti

Settlement Provisions ehtiyatlar
195 EN 195 EN Classification of inventory Ehtiyatlarn tsnifat IAS 2
196 EN 196 EN Clean-up call Geri almaq hququ IAS 39

197 EN 197 EN Close members of the family of Yaxn ail zv IAS 24

the individual

198 EN 198 EN Closing market prices Son bazar qiymtlri IAS 33

199 EN 199 EN Closing rate Hesabat tarixin mznn IAS 21

200 EN 200 EN Collar Faiz drcsinin tsbit edilmi IAS 32

yuxar v aa hddi

201 EN 201 EN Collateral Girov KT

202 EN 202 EN Collateralised (asset, borrowing) Girov qoyulmu (aktivlr, KT

qiymtli kazlar)
203 EN 203 EN Collectability Yla biln KT

204 EN 204 EN Collection Ylma KT

205 EN 205 EN Collective marks Qrupa mxsus ticart IFRS 3 I.E.

nianlar
206 EN 206 EN Collective power Kollektiv slahiyyt IFRS 3

207 EN 207 EN Combined instrument Birlmi maliyy alti IAS 39

208 EN 208 EN Commencement Balanc KT

209 EN 209 EN Commencement of the lease term car mddtinin balanmas IAS 17

tarixi

210 EN 210 EN commercial loans kommersiya kreditlri IFRS 7 IG

211 EN 211 EN commercial paper facilities Veksel kreditlri IFRS 7 IG

212 EN 212 EN Commercial substance Kommersiya mahiyyti IAS 16

213 EN 213 EN commercially viable quantities of mineral resurslarn IFRS 6

mineral resources kommersiya baxmndan

hmiyytli miqdar
214 EN 214 EN Commission Komisyon haqq KT

215 EN 215 EN Commitment hdlik KT

216 EN 216 EN Commodity mt KT

217 EN 217 EN Comparability Mqayislilik KT

218 EN 218 EN Comparability over time Vaxtar mqayislilik IFRS 1

219 EN 219 #REF! Comparable interim period Mqayis edil biln aralq IFRS 1

dvr

221 EN 221 EN Comparative information mqayis edil biln KT

informasiya
222 EN 222 EN Compensated absences dnili mzuniyyt (idn KT

yaynma)
223 EN 223 EN complementary assets Bir-birini tamamlayan aktivlr IFRS 3

224 EN 224 #REF! Completeness Tamlq KT

226 EN 226 EN Compliance with International Mhasibat Uotunun KT

Accounting Standards Beynlxalq Standartlarna

uyunluq
227 EN 227 EN Component Trkib hiss (komponent) KT

228 EN 228 EN Compound financial instruments Mrkkb maliyy altlri KT

229 EN 229 EN Compound instrument Mrkkb (maliyy) alt KT

230 EN 230 EN Concentration of (credit etc) risk (kredit v s.) riskin KT

cmlnmsi
231 EN 231 EN Confidence level Etibarllq sviyysi IFRS 7B

232 EN 232 EN Configuration of the cash flows Pul vsaiti hrktlrinin IAS 16

xsusiyytlri

233 EN 233 EN Consequential amendment yaranan dzlilr IFRS 1 BC 23

234 EN 234 EN consideration vzi dm IAS 16

235 EN 235 EN Consistency - Alternative Methods Ardcllq - Alternativ metodlar SIC-18

236 EN 236 EN Consistency - Capitalisation of Ardcllq - Borclar zr SIC-2

Borrowing Costs msrflrin kapitalladrlmas

237 EN 237 EN Consistency - Different Cost Ardcllq - Ehtiyatlar n SIC-1

Formulas for Inventories mxtlif dyr formullar

238 EN 238 EN Consolidated and Separate Birldirilmi (konsolid IAS 27

Financial Statements edilmi) v frdi maliyy

hesabatlar
239 EN 239 EN Consolidated balance sheet Birldirilmi (konsolid IFRS 1

edilmi) balans hesabat

240 EN 240 EN Consolidated financial statements Birldirilmi (konsolid KT, Title

edilmi) maliyy hesabatlar

241 EN 241 EN Consolidated Financial Birldirilmi (konsolid IAS 27 [old title]

Statements and Accounting for edilmi) maliyy hesabatlar

Investments in Subsidiaries v trm tsrrfat
cmiyytlrin investisiyalarn
uotu
242 EN 242 EN Consolidated group Birldirilmi (konsolid KT

edilmi) qrup
243 EN 243 EN Consolidation Birldirm (konsolidasiya) KT

244 EN 244 EN consolidation adjustments Birldirm (konsolidasiya) IFRS 3

zaman dzlilr
245 EN 245 #REF! Consolidation and Equity Method Birldirm (konsolidasiya) v SIC-33

Potential Voting Rights and kapitalda tirak pay metodu

Allocation of Ownership Interests potensial ssverm hquqlar
v sahibkarlq paylarnn
bldrlmsi
247 EN 247 EN ConsolidationSpecial Purpose Birldirm (konsolidasiya) - SIC-12

Entities Xsusi mqsdli mssislr

248 EN 248 EN Construction contract Tikinti mqavilsi KT

249 EN 249 EN Construction Contracts Tikinti mqavillri IAS 11

250 EN 250 EN Constructive obligation Konstruktiv hdlik IAS 37

251 EN 251 EN Contingency rtilik KT

252 EN 252 EN Contingent asset rti aktiv IAS 37

253 EN 253 EN Contingent liability rti hdlik

IAS 37.10
254 EN 254 EN Contingent rent rti icar haqq

IAS 17.4

255 EN 255 EN contingent settlement provision Hesablama zr rti eytiyat IAS 32

fondu

256 EN 256 EN Contingent share agreement shmlrin buraxlmas zr IAS 33

rti mqavil

257 EN 257 EN Contingently issuable shares rti buraxla biln shmlr IAS 33

258 EN 258 EN continuing involvement davaml itirak IAS 39

259 EN 259 EN Continuing operations Dadav edn mliyyatlar IAS 33

260 EN 260 EN Contract Mqavil KT

261 EN 261 EN Contracts that may be settled in (adi) shmlrl v ya nad IAS 33

(ordinary) shares or cash kild hesablala biln

mqavillr
262 EN 262 EN Contractual arrangement mqavil sasnda razlama KT

263 EN 263 EN contractual cash flows mqavil zr pul IAS 39

vsaitlrinin hrkti

264 EN 264 EN contractual maturity analysis mqavil zr dni IFRS 7B

mddtinin thlili
265 EN 265 EN contractual obligation mqavil borc hdliyi IFRS 4

266 EN 266 EN contractual rights mqavil zr hquqlar IFRS 4

267 EN 267 EN Contribution Qoyulu KT

268 EN 268 EN contributor Pay IFRIC 5

269 EN 269 EN control Nzart IAS 27

270 EN 270 #REF! Control (of an asset) (aktiv) nzart KT

272 EN 272 EN Control number Nzart rqmi IAS 33

273 EN 273 EN controlled entity nzart ediln qurum IFRS 3

274 EN 274 EN convenience translation bir valyutadan digrin IAS 21

mnasib keirm
275 EN 275 EN Convergence Konvergensiya IAS 33 IN, BC

276 EN 276 EN Conversion option Konversiya mmknly KT

277 EN 277 EN Convertible bonds Konversiya edil biln KT

istiqrazlar
278 EN 278 EN Convertible debt Konversiya edil biln borc IAS 33

279 EN 279 EN Convertible instruments Konversiya edil IAS 33

biln(maliyy) alt

280 EN 280 EN Convertible preference share Konversiya edil biln IAS 33

imtiyazl shm

281 EN 281 EN co-operative koperativ IFRIC 2

282 EN 282 EN Copyright Mlliflik hququ KT

283 EN 283 EN core goodwill sas qudvil IFRS 3 BC

284 EN 284 EN Corporate assets Korporativ aktivlr IAS 36.6

285 EN 285 EN Cost lkin dyr KT

286 EN 286 #REF! Cost formula msrflr formulu KT

288 EN 288 EN cost model lkin dyr modeli IAS 16

289 EN 289 #REF! Cost of an acquisition ld etm dyri KT

292 EN 292 EN Cost of an investment nvestisiya dyri KT

293 EN 293 EN Cost of conversion Emal msrflri KT

294 EN 294 EN Cost of inventories Ehtiyatlar ilkin dyri KT

295 EN 295 EN Cost of Inventories of a Service Xidmt gstrn mssisnin IAS 2

Provider ehtiyatlarnn dyri

296 EN 296 EN Cost of purchase Al msrflri KT

297 EN 297 #REF! Cost plus contract "Msrflr stgl" KT

mqavilsi

299 EN 299 #REF! Cost-based measurement Maya dyri sasnda IFRS 1

llm

301 EN 301 EN costs of conversion Emal msrflri IAS 2

302 EN 302 EN Costs of disposal Xaricolma xrclri KT

303 EN 303 EN Costs of Modifying Existing Mvcud proqram tminatnn SIC-6

Software modifikasiyas xrclri

304 EN 304 EN Costs to sell Sat xrclri IFRS 5

305 EN 305 EN counterparty Mqavil zr qar trf IAS 32

306 EN 306 EN country of incorporation or Qeydiyyatda v ya rezidenti IAS 27

residence olduu lk

307 EN 307 EN coupon kupon (talon) IFRS 7 IG

308 EN 308 EN credit derivative default product trm kredit alti zr IFRS 4

borcun dnilmsindn
309 EN 309 EN imtina IFRS 7
credit enhancements Kredit reytinqinin
yksldilmsi

310 EN 310 EN credit exposures kredit zr risk mruz IAS 32

qalma

311 EN 311 EN Credit facilities Kreditlm mnblri KT

312 EN 312 EN credit insurance contract kreditin sortalanmas zr IFRS 4

mqavil
313 EN 313 EN credit quality kreditin qabiliyyti IFRS 7IG

314 EN 314 EN Credit risk Kredit riski KT

315 EN 315 EN credit spread kredit spredi IAS 39

316 EN 316 EN Creditors Kreditorlar KT

317 EN 317 EN Creditworthiness dm qabiliyyti KT

318 EN 318 EN criteria for recognising tanma n meyarlar IFRS 3

319 EN 319 EN cross-reference arpaz istinad IFRS 7B

320 EN 320 EN CTDs Ylan bir valyutadan IFRS 1

digrin keirm frqlri

321 EN 321 EN Cumulative preference dividends mtiyazl shmlr zr ylan KT

dividendlr
322 EN 322 EN Cumulative Translation Ylan bir valyutadan IFRS 1

Differences digrin keirm frqlri

323 EN 323 EN Currency risk Valyuta riski KT

324 EN 324 EN Currency translation Bir valyutann baqa KT

valyutada ifad edilmsi

325 EN 325 EN Currency units Valyuta vahidi KT

326 EN 326 EN Current asset Cari aktiv KT

327 EN 327 EN Current cost Cari dyr KT

328 EN 328 EN Current cost approach Cari dyr yanamas KT

329 EN 329 EN Current investment Cari investisiya KT

330 EN 330 EN Current liabilities Cari hdliklr IAS 1

331 EN 331 EN Current service cost Cari xidmt dyri KT

332 EN 332 EN Current tax Cari vergi KT

333 EN 333 EN Curtailment Sekvestr IAS 19

334 EN 334 EN cushions thlksizlik ehtiyatlar IFRS 3 BC

335 EN 335 EN customer list sifarii siyahs IFRS 3

336 EN 336 EN database mlumat bazas IFRS 3

337 EN 337 EN Date of acquisition ld etm tarixi KT

338 EN 338 EN date of exchange Mbadil tarixi IFRS 3

339 EN 339 EN Date of transition to IFRS Maliyy Hesabatlarnn IFRS 1

Beynlxalq Standartlarna
keid tarixi
340 EN 340 EN Dealing securities Diling mliyyatlar zr KT

qiymtli kazlar
341 EN 341 EN death benefit lml laqdar sorta IFRS 4

dnii
342 EN 342 EN Debt Borc KT

343 EN 343 EN Debt instrument Borc alti KT

344 EN 344 EN Debt securities Borc qiymtli kazlar KT

345 EN 345 EN Decision tree Qrarlar aac KT

346 EN 346 EN Decision-useful information Qrar qbulu n faydal IFRS 1

informasiya
347 EN 347 EN decommissioning istismardan xarlma IFRIC 5

348 EN 348 EN decommissioning costs istismardan xarma xrclri IFRIC 5

349 EN 349 EN decommissioning funds istismardan xan fondlar IFRIC 5

350 EN 350 EN decommissioning obligations istismardan xarma zr IFRIC 5

borclar

351 EN 351 EN decommissioning, restoration and istismardan xan, brpa IFRIC 5

environmental rehabilitation funds olunan v traf mhitin

reabilitasiyas (brpas) zr
fondlar
352 EN 352 EN Deductible temporary difference xlan mvqqti frqlr KT

353 EN 353 EN Deemed cost Frz ediln ilkin dyr IFRS 1

354 EN 354 EN Defer Txirsalma KT

355 EN 355 EN Deferral method Txirsalma metodu KT

356 EN 356 EN Deferred acquisition costs ld etm zr glck IFRS 4

dvrn xrclri
357 EN 357 EN Deferred tax Txir salnm vergi IFRS 1

358 EN 358 EN Deferred tax assets Txir salnm vergi aktivlri IAS 12

359 EN 359 EN Deferred tax income Txir salnm vergi gliri IFRS 3

360 EN 360 EN Deferred tax liabilities Txir salnm vergi KT

hdliklri
361 EN 361 EN Defined benefit liability Myyn edilmi dnilr KT

zr hdlik

362 EN 362 EN Defined benefit obligation Myyn edilmi dnilr KT

zr borc

363 EN 363 EN Defined benefit obligation (present Myyn edilmi dnilr KT

value of) zr borc (diskontladrlm

dyri)

364 EN 364 EN Defined benefit plans Myyn edilmi dnilr KT

zr pensiya planlar

365 EN 365 EN Defined contribution plans Myyn edilmi qoyulular KT

zr pensiya planlar

366 EN 366 EN Demand deposits Tlb edil biln depozit KT

367 EN 367 EN demand feature tlbin xsusiyyti IAS 39

368 EN 368 EN Demerger Ayrlma KT

369 EN 369 EN Demonstrably committed Rsmi hdlik dama KT

370 EN 370 EN deposit accounting depozitl mliyyatlarn IFRS 4

371 EN 371 EN deposit component uotu

Depozit komponenti IFRS 4

372 EN 372 EN Depreciable amount Amortizasiya olunan dyr KT

373 EN 373 EN Depreciable assets Amortizasiya olunan KT

(khnln) aktivlr
374 EN 374 EN depreciated replacement cost Qalq brpa dyri prinsipi IAS 16

approach

375 EN 375 EN Depreciation Khnlm (Amortizasiya) KT

376 EN 376 EN Depreciation methods Amortizasiya metodlar IFRS 1

377 EN 377 EN Derecognise (a financial Tannman dayandrmaq KT

instrument) (maliyy altinin)

378 EN 378 EN Derecognition Tannmann dayandrlmas KT

379 EN 379 EN Derivative Trm alti KT

380 EN 380 EN derivative features trm altin xsusiyytlri IAS 32

381 EN 381 EN Derivative financial instruments Trm maliyy altlri KT

382 EN 382 EN designated and effective hedging tyin edilmi v effektiv IAS 39

instrument hedcinq alti

383 EN 383 EN determination of cost Dyrin myyn edilmsi\ IAS 2

384 EN 384 EN Determining whether an Mqavil IFRIC 4

Arrangement contains a Lease

385 EN 385 EN Development Tcrb-konstruktor ilri KT

386 EN 386 EN Development costs Tcrb-konstruktor ilrinin KT

dyri
387 EN 387 EN Diluted earnings per share Shm zr durulanm KT

(daylutiv) mnft

388 EN 388 EN Dilution Durulama (daylun) IAS 33

389 EN 389 EN Dilutive effect Daylutiv effekt IAS 33

390 EN 390 EN Dilutive potential ordinary shares Durulanan (daylutiv) KT

potensial adi shmlr

391 EN 391 EN diminishing balance method Azalan qalq dyri metodu IAS 16

392 EN 392 EN direct insurance contract Birbaa sorta mqavilsi IFRS 4

393 EN 393 EN Direct labour Birbaa mk haqq xrclri KT

394 EN 394 EN Direct method of reporting cash mliyyat faliyytindn KT

flows from operating activities yaranan pul vsaitlrinin

hrkti haqqnda
mlumatlarn tqdim
edilmsinin birbaa metodu
395 EN 395 EN direct operating expenses birbaa mliyyat xrclri IAS 40

396 EN 396 EN directly attributable birbaa aid edil biln IFRS 3

397 EN 397 EN Directors Direktorlar KT

398 EN 398 EN disaggregated information hisslr ayrlm informasiya IFRS 7B

399 EN 399 EN Disclose Aqlamaq KT

400 EN 400 EN Disclosure Aqlama KT

401 EN 401 EN Disclosure and Presentation Mlumatn aqlanmas v IFRS 1

tqdim edilmsi
402 EN 402 EN Disclosure of government Dvlt yardm zr KT

assistance mlumatn aqlanmas

403 EN 403 EN disclosure requirement aqlama tlbi IFRS 3

404 EN 404 EN Disclosures in the Financial Banklarn v oxar maliyy IAS 30

Statements of Banks and Similar institutlarnn maliyy

Financial Institutions hesabatlarnda aqlamalar
405 EN 405 EN DisclosureService Concession Mlumatn aqlanmas - SIC-29

Arrangements Xidmt zr konsessisya

mqavillri
406 EN 406 EN Discontinued (operations) Dayandrlm (faliyytlr) KT

407 EN 407 EN Discontinuing operation Dayandrlm faliyyt IFRS 3 B.C., IFRS 5

B.C.

408 EN 408 #REF! Discount rate Diskont (uot) drcsi KT

410 EN 410 EN Discounting Diskontladrma KT

411 EN 411 EN Discretionary participation feature Srbst itirak hququ IFRS 4

412 EN 412 EN Disposal consideration Lvetm zr lav dni KT

413 EN 413 EN Disposal group Xaric olunan qrup IFRS 3

414 EN 414 EN Disposal plan Xaric olunma plan IFRS 5

415 EN 415 EN Disposal transaction Xaricetm mliyyat IFRS 5

416 EN 416 EN dissenting opinion xsusi ry IFRS 3

417 EN 417 EN Dividend yield Dividend gliri KT

418 EN 418 EN Dividends Dividendlr KT

419 EN 419 EN Domain name Domen ad IFRS 3

420 EN 420 EN Doubtful debts bhli borclar IAS 24

421 EN 421 EN Downstream transactions Trm mssislrl KT

mliyyatlar
422 EN 422 EN dual listed corporation ki df listinq olunan IFRS 3

korporasiya
423 EN 423 EN dual trigger contract ikili rtli mqavil IFRS 4 IG

424 EN 424 EN Earlier application is encouraged Erkn ttbiq tviq olunur IAS 33

425 EN 425 EN Earnings Mnft KT

426 EN 426 EN Earnings - diluted Daylutiv mnft KT

427 EN 427 EN Earnings contingency Gzlnilmyn mnft IAS 33 IE

428 EN 428 EN Earnings per Share Shm zr mnft IAS 33

429 EN 429 EN Earnings Per Share - Financial Shm zr mnft - SIC-24

Instruments and Other Contracts Shmlrl hesablala biln

that May Be Settled in Shares maliyy altlri v digr
mqavillr

430 EN 430 EN Economic benefits qtisadi smrlr IFRS 1

431 EN 431 EN Economic decision-making needs stifadilrin iqtisadi qrar IFRS 6

of users qbulu ehtiyaclar

432 EN 432 EN Economic life qtisadi istifad mddti KT

433 EN 433 EN Effect of assumed conversions Qbul ediln konversiyalarn IAS 33

effekti
434 EN 434 EN Effective date Qvvy minm tarixi KT
435 EN 435 EN Effective interest method Effektiv faiz metodu KT

436 EN 436 EN effective interest rate Effektiv faiz drcsi IAS 39

437 EN 437 EN Effects of Changes in Foreign Xarici valyuta IFRS 1

Exchange Rates mznnlrind

dyiikliklrin tsiri

438 EN 438 EN Elements of cost of exploration Kfiyyat v qiymtlndirm IFRS 6

and evaluation assets aktivlrinin ilkin dyrinin

elementlri

439 EN 439 EN Eligible for capitalisation Kapitalladrla biln KT

440 EN 440 EN Elimination of Unrealised Profits Asl tsrrfat cmiyytlri SIC-3

and Losses on Transactions with zr mliyyatlardan

Associates realladrlmam mnft v
ya zrrin silinmsi
441 EN 441 #REF! Embedded derivative laqdar trm altlri KT

443 EN 443 EN Employee benefits Iilrin mkafatlandrlmas KT

444 EN 444 EN Employee share ownership plan ilr trfindn shmlrin KT

ld edilmsi plan

445 EN 445 EN Employee share purchase plan ilr trfindn shmlrin IFRS 2

satn alnmas plan

446 EN 446 EN Employee turnover rates i qvvsi dyiknliyi zr IFRS 1

msallar

447 EN 447 EN Employees and others providing ilr v oxar xidmtlr IFRS 2

similar services gstrn digr trflr

448 EN 448 EN Employer payroll taxes and Mcburi sosial sorta KT

insurance contributions ayrmalar v sorta haqqlar

449 EN 449 EN Enactment Qanunun (qbulu) qvvy KT

minmsi
450 EN 450 EN Enforcement of covenants Mqavil rtlrin riayt IFRS 7 IG

etm

451 EN 451 EN Enhanced Disclosure Mlumatn tam aqlanmas IFRS 1

452 EN 452 #REF! Enterprise Mssis KT

454 EN 454 EN Entity Qurum KT

455 EN 455 EN entity-specific value Quruma xas olan dyr IAS 16

456 EN 456 EN environmental obligations traf mhitin qorunmas zr IFRS 5

hdliklr
457 EN 457 EN equalisation provisions Tnzimlm IFRS 4

(brabrldirm) mqsdil
yaradlan ehtiyat fondlar
458 EN 458 EN Equity Xsusi kapital KT

459 EN 459 #REF! Equity - Costs of an Equity Xsusi kapital - Xsusi kapital SIC-17

Transaction zr mliyyatlarla bal

xrclr
461 EN 461 EN Equity Accounting Method - tirak pay metodu zr uot SIC-20

Recognition of Losses qaydas - Zrrlrin

462 EN 462 EN tannmas IFRS 3
Equity balances Xsusi kapital qalqlar
463 EN 463 EN Equity capital Xsusi kapital KT

464 EN 464 EN Equity compensation Mssisnin xsusi KT

benefits(=Stock (=Share) kapitalnda itirak hququ

compensation benefits) vern shmlrl iilrin
mkafatlandrlmas

465 EN 465 EN Equity compensation plans Mssis xsusi kapitalnda KT

(=Share (=Stock) compensation itiak hququ vern

plans) shmlrl iilrin
mkafatlandrlmas zr
planlar (mqavillr)
466 EN 466 EN Equity component Xsusi kapitaln komponenti IFRS 1

467 EN 467 EN Equity holders Xsusi kapitalda itirak IFRS 3

payna malik olan xslr

468 EN 468 EN Equity index Fond birjas indeksi IFRS 4

469 EN 469 EN Equity instrument Kapital alti KT

470 EN 470 EN Equity instrument granted Tqdim olunmu kapital alti IFRS 2

471 EN 471 EN equity interests shmdar kapitalnda itirak IFRS 3

472 EN 472 EN equity issue itirak pay hququ vern IFRS 3

qiymtli kazlarn emissiyas

473 EN 473 EN Equity method tirak pay metodu KT

474 EN 474 EN Equity securities itirak pay hququ vern KT

qiymtli kazlar
475 EN 475 EN Equity-settled share-based Kapital altlri vasitsil IFRS 2

hyata keiriln pay altlri

payment transaction
sasnda dm
svdlmsi
476 EN 476 EN Estimated costs Qiymtlndirilmi dyr IAS 2

(xrclr)

477 EN 477 EN Estimated future cash flows Qiymtlndirilmi glck pul IFRS 3

vsaiti hrktlri
478 EN 478 EN European share option Shm zr avropa opsionu IFRS 2 BC

479 EN 479 EN Evaluating the Substance of carnin hquqi formas il SIC-27

Transactions Involving the Legal olan mliyyatlarn

Form of a Lease mahiyytinin
qiymtlndirilmsi
480 EN 480 EN Event-driven fair value Hadisy gr idar olunan IFRS 1

measurements daltli dyr llmsi

481 EN 481 EN Events After the Balance Sheet Balans hesabat tarixindn IAS 10

Date sonrak hadislr

482 EN 482 EN Events occurring after the balance Balans hesabat tarixindn KT

sheet date sonrak hadislr

483 EN 483 EN evidence of impairment qiymtdn dm sbutu IAS 39

(dlili)

484 EN 484 EN Exchange difference Mznn frqi KT

485 EN 485 EN Exchange of assets Aktivlrin mbadilsi KT

486 EN 486 EN Exchange rate Valyuta (mbadil) KT

mznnsi
487 EN 487 EN exchange transaction mbadil mliyyat IAS 40

488 EN 488 EN Executory contract Glckd icra edilmli olan KT

mqavil
489 EN 489 EN Exemptions Azadolmalar IFRS 1

490 EN 490 EN Exercise date Baa atma tarixi KT

491 EN 491 EN Exercise of rights Hquqlarn hyata keirilmsi IAS 33

(hquqlarda istifad)
492 EN 492 EN Exercise price Hyata keirm (strayk) KT

qiymti
493 EN 493 EN Existing liability Mvcud hdlik IFRS 3

494 EN 494 EN Expected value Gzlniln dyr KT

495 EN 495 EN Expenditure Xrc KT

496 EN 496 EN Expenses Xrclr KT

497 EN 497 EN Experience account Tcrby sasn alan IFRS 4 IG

hesab
498 EN 498 EN Experience adjustments Tcrbdn irli gln KT

dzlilr
499 EN 499 EN Expiry date Baa atma tarixi KT

500 EN 500 EN Explicit and unreserved statement Aydn v tam aydnlq IFRS 1

of compliance bayant

501 EN 501 EN Exploration and evaluation assets Kfiyyat v qiymtlndirm IFRS 6

aktivlri

502 EN 502 EN Exploration and evaluation Kfiyyat v qiymtlndirm IFRS 6

expenditures msrflri

503 EN 503 EN Exploration for and Evaluation of Tbii ehtiyatlarn kfiyyat IFRS 6

Mineral Resources v qiymtlndirilmsi

504 EN 504 EN Exposure draft lkin layih KT

505 EN 505 EN Expropriation of major assets sas aktibvlrin msadirsi IFRS 5

506 EN 506 EN Extraordinary items Fvqlad maddlr KT

507 EN 507 EN Face (of Financial Statements or (Maliyy hesabatlarnn v ya KT

Notes) Qeydlrin) z hiss(si)

508 EN 508 EN Fair presentation daltli tqdimetm KT

509 EN 509 EN Fair value daltli dyr KT

510 EN 510 EN Fair value hedge daltli dyr hedcinqi IAS 39

511 EN 511 EN Fair value measurement daltli dyrin lllmsi IFRS 1, Title IFRS 13

512 EN 512 EN Faithful representation Dzgn tqdimat KT

513 EN 513 EN Fees Haqlar KT

514 EN 514 EN Fellow subsidiary Qrupa daxil olan trm KT

cmiyytlrdn biri
515 EN 515 EN Fidelity bonds Loyallq zmanti IFRS 4

516 EN 516 EN Fiduciary activities Fudisiar (etibara saslanan) IFRS 7

faliyytlr

517 EN 517 EN FIFO FFO KT

518 EN 518 EN FIFO formula FFO formulu KT

519 EN 519 EN Finance lease Maliyy icarsi KT

520 EN 520 EN Finance lease obligations Maliyy icarsi zr borclar IFRS 1

521 EN 521 EN Financial asset Maliyy aktivi KT

522 EN 522 EN Financial asset or financial liability mnft v ya zrrd ks IAS 39

at fair value through profit or loss olunan daltli dyri il

hesablanm maliyy aktivi
v ya maliyy hdliyi
523 EN 523 EN Financial asset or liability held for Alq-satq mqsdil KT

trading saxlanlan maliyy aktivlri

v ya hdliklri

524 EN 524 EN Financial capital Maliyy kapital KT

525 EN 525 EN Financial conglomerate Maliyy konqlomerat IFRS 7 BC

526 EN 526 EN Financial guarantee Maliyy zmanti KT

527 EN 527 EN Financial institution Maliyy institutu KT

528 EN 528 EN Financial instruments Maliyy altlri KT

529 EN 529 EN Financial Instruments: Disclosure Maliyy altlri: Mlumatn IAS 32

and Presentation aqlanmas v tqdim

edilmsi
530 EN 530 EN Financial Instruments: Maliyy altlri: Tanma v IAS 39

Recognition and Measurement llm

531 EN 531 EN Financial liability Maliyy hdliyi KT

532 EN 532 EN Financial performance Maliyy faliyytinin KT

nticlri

533 EN 533 EN Financial position Maliyy vziyyti KT

534 EN 534 EN Financial reporting Maliyy hesabatlar (ll) KT

535 EN 535 EN Financial Reporting in Hiperinflyasiyal IAS 29

Hyperinflationary Economies iqtisadiyyatlarda maliyy

hesabatll
536 EN 536 EN Financial Reporting of Interests in Birg mssislrd itirak IAS 31

Joint Ventures paylarnn maliyy

hesabatll
537 EN 537 EN Financial review Maliyy xlassi KT

538 EN 538 EN Financial risk Maliyy riski IFRS 4

539 EN 539 EN Financial statements Maliyy hesabatlar KT

540 EN 540 EN Financial year-to-date basis Maliyy ilinin vvlindn cari KT

dvrdk sasda
541 EN 541 EN Financing activities Maliyyldirm faliyytlri KT

542 EN 542 EN Financing device Maliyy vasitlri KT

543 EN 543 EN Finished good Hazr mhsullar KT

544 EN 544 EN Firm commitment Qti hdlik KT

545 EN 545 EN firm purchase commitment Qti al hdliyi IFRS 5

546 EN 546 EN firm sales contracts Tsbit edilmi qiymtlrl IAS 2

sat zr mqavillr

547 EN 547 EN First IFRS financial statements Maliyy Hesabatlarnn IFRS 1

Beynlxalq Standartlarna
uyun ilk maliyy hesabatlar

548 EN 548 EN First-in, first-out lk-mdaxil, ilk-mxaric KT

549 EN 549 EN First-time adopter Maliyy Hesabatlarnn IFRS 1

Beynlxalq Standartlarn ilk

df ttbiq edn mssis

550 EN 550 EN First-time adoption lk df qbul etm IFRS 1

551 EN 551 EN First-time Adoption of International Maliyy Hesabatlarnn IFRS 1

Financial Reporting Standards Beynlxalq Standartlarnn ilk

df qbul edilmsi
552 EN 552 EN First-time Application lk df ttbiqetm IFRS 1

553 EN 553 EN First-Time Application of IASs as Mhasibat uotunun ilkin SIC-8

the Primary Basis of Accounting bazas kimi Mhasibat

Uotunun Beynlxalq
Standartlarnn ilk df ttbiqi
554 EN 554 EN Fixed asset Uzunmddtli maddi aktivlr KT
555 EN 555 EN Fixed coupon rate Kupon zr tsbit edilmi faiz IFRS 7IG

drcsi

556 EN 556 EN Fixed price contract Sabit qiymtli mqavil KT

557 EN 557 EN Fixed production overheads Daimi istehsal qaim KT

msrflri

558 EN 558 EN Flat yield curve "Hamar" glirlilik yrisi IFRS 7 IG

559 EN 559 EN Floating rate zn faiz drcsi KT

560 EN 560 EN Floor Minimal sviyy KT

561 EN 561 EN Forecast Proqnoz KT

562 EN 562 EN Forecast transaction Proqnozladrlm mliyyat IAS 39

563 EN 563 EN Foreign currency Xarici valyuta KT

564 EN 564 EN foreign currency derivatives Xarici valyutada trm IAS 21

altlr

565 EN 565 EN Foreign currency transaction Xarici valyuta il hyata KT

keiriln mliyyat
566 EN 566 EN Foreign entity Xarici qurum KT

567 EN 567 EN Foreign Exchange - Capitalisation Xarici valyuta - Kskin SIC-11

of Losses Resulting from Severe valyuta devalvasiyasndan

Currency Devaluations itkilrin kapitalladrlmas

568 EN 568 EN Foreign exchange contract Valyuta mqavilsi (xarici KT

valyutann alq-satq
mqavilsi)
569 EN 569 EN Foreign Exchange Rates Valyuta (mbadil) IFRS 1

mznnlri

570 EN 570 EN Foreign operation Xarici mliyyat KT

571 EN 571 EN Forgivable loans Balana biln borclar KT

572 EN 572 EN Forward contract Forvard mqavilsi KT

573 EN 573 EN forward repurchase agreement forvard tkrar al razlamas IAS 39

574 EN 574 EN Framework Konseptual saslar KT

575 EN 575 EN Framework for the Preparation Maliyy hesabatlarnn

and Presentation of Financial hazrlanmas v tqdimat
Statements n riv sndi
576 EN 576 EN Franchise fee Franiz haqq KT

577 EN 577 EN Function of expense Xrcin funksiyas KT

578 EN 578 EN Functional currency mliyyat valyutas IAS 21

579 EN 579 #REF! Fundamental errors hmiyytli shvlr KT

581 EN 581 EN Funding Maliyyldirm KT

(fondladrma)

582 EN 582 EN Future cash flow Glck pul vsaitlri KT

hrktlri
583 EN 583 EN Future economic benefit Glck iqtisadi smr KT

584 EN 584 EN Futures contract Fyuers mqavilsi KT

585 EN 585 EN GAAP MUQP (Mhasibat Uotunun IFRS 1

mumi Qbul olunmu

Prinsiplri)
586 EN 586 EN Gain on disposal Lvetm gliri KT

587 EN 587 EN Gains Qeyri-mliyyat glirlri KT

588 EN 588 EN General purchasing power mumi alclq qabiliyyti KT

approach prinsipi
589 EN 589 EN General recognition principle mumi tanma prinsipi IAS 16

590 EN 590 EN Geographical segments Corafi seqment KT

591 EN 591 EN Going concern Mssisnin faliyytinin KT

fasilsizliyi

592 EN 592 EN Goodwill Qudvil KT

593 EN 593 EN Governing board Rhbrlik (rhbr orqan) IFRIC 2

594 EN 594 EN Governing body Rhbr orqan IFRS 3

595 EN 595 EN Governing charter Ba xartiya (nizamlayc IFRIC 2

snd)

596 EN 596 EN Government Hkumt KT

597 EN 597 EN Government assistance Dvlt yardm KT

598 EN 598 EN Government AssistanceNo Dvlt yardm - mliyyat SIC-10

Specific Relation to Operating faliyytlrin xsusi bir

Activities aidiyyat olmayan
599 EN 599 EN Government grants Dvlt subsidiyalar KT

600 EN 600 EN Government guarantee Dvlt zmanti IAS 2

601 EN 601 EN Grant date tqdim olunma tarixi IFRS 2

602 EN 602 EN Grants related to assets Aktivlr aid olan IAS 20

subsidiyalar

603 EN 603 EN Grants related to income Glir aid olan subsidiyalar KT

604 EN 604 EN Gross investment in the lease cary mumi investisiya KT

qoyuluu

605 EN 605 EN Gross margin Mcmu mnft marjas KT

(rentabelliyi)
606 EN 606 EN Gross profit Mcmu mnft KT

607 EN 607 EN Group Qrup KT

608 EN 608 EN Group administration (employee Birg idar olunan iilrin KT

benefit) plans mkafatlandrlmas planlar

609 EN 609 EN Group insurance contract Kollektiv sorta mqavilsi IFRS 4

610 EN 610 EN Group of assets Aktivlr qrupu KT

611 EN 611 EN Group of biological assets Bioloji aktivlr qrupu KT

612 EN 612 EN Grouping of assets Aktivlrin qrupladrlmas KT

613 EN 613 EN Guarantee Zmant KT

614 EN 614 EN Guarantee fund Zmant fondu IFRS 4

615 EN 615 EN Guaranteed residual value Zmant verilmi qalq KT

dyri

616 EN 616 EN Harmonise Harmonizasiya KT

(uyunladrma, razladrma)
617 EN 617 EN Harvest Knd tsrrfat KT

mhsullarnn ym
618 EN 618 EN Hedge accounting Hedcinq uotu IFRS 1

619 EN 619 EN Hedge effectiveness Hedcinqin effektivliyi KT

620 EN 620 EN Hedged item Hedcinq edilmi madd KT

621 EN 621 EN Hedging Hedcinq KT

622 EN 622 EN Hedging instrument Hedcinq alti KT

623 EN 623 EN Hedging relationship Hedcinq laqsi IFRS 1

624 EN 624 EN Hedging reserve Hedcinq ehtiyat IFRS 1 IG

625 EN 625 EN Held for resale Tkrar sat n saxlanlam IAS 2

626 EN 626 EN Held for trading Sat n saxlanlm KT

627 EN 627 EN Held-to-maturity investment dni tarixin qdr KT

saxlanlan investisiyalar

628 EN 628 EN Highly probable Yksk ehtimall IFRS 5

629 EN 629 EN Hire-purchase contract Aktiv zr mlkiyyt hququ KT

ld etmk imkann vern

icar mqavilsi

630 EN 630 EN Historical cost lkin dyr KT

631 EN 631 EN Historical loss experience vvlki illrin zrr ml IAS 39

glm tcrbsi

632 EN 632 EN Historical summaries Tarixi mlumatlar IFRS 1

633 EN 633 EN Holding company Holdinq irkti KT

634 EN 634 EN Host contract sas mqavil KT

635 EN 635 EN Host instrument sas alt IFRS 4

636 EN 636 EN Hybrid instrument Hibrid alt IAS 39

637 EN 637 EN Hyperinflation Hiperinflyasiya KT

638 EN 638 EN Hyperinflationary economies Hiperinflyasiya iqtisadiyyat KT

639 EN 639 EN IAS MUBS

640 EN 640 EN IASC MUBSK
641 EN 641 EN IASC Foundation Constitution MUBSK Fondunun
Nizamnamsi
642 EN 642 EN IASCF MUBSKF
643 EN 643 EN Identifiable asset Myyn edil biln aktiv KT

644 EN 644 EN IFAC MBF

645 EN 645 EN IFRIC BMHK
646 EN 646 EN IFRS MHBS
647 EN 647 EN IFRS-compliant MHBS-a uyun IFRS 1

648 EN 648 EN Impairment Qiymtdn dm KT

649 EN 649 EN Impairment loss Qiymtdn dm zrri KT

650 EN 650 EN Impairment of Assets Aktivlrin qiymtdn dmsi IAS 36

651 EN 651 EN Impairment test Qiymtdn dm zr test IFRS 1

652 EN 652 EN Implementation Guidance Ttbiq zr Gstri IFRS 1

653 EN 653 EN Import duties dxal rsumu KT

654 EN 654 EN Impracticability exemption Mmknszly gr IAS 8

(ttbiqdn) azadolma

655 EN 655 EN Impracticable Mmknsz IAS 8

656 EN 656 EN Imputed rate of interest rti faiz drcsi KT

657 EN 657 EN In the money Opsionun istifad qiymtinin IAS 39

onun bazar qiymtindn

stn olduu vziyyt (Pul
vsaiti il opsion (udulu
opsion))
658 EN 658 EN Inception of the Lease car mddtinin balanc IAS 17

659 EN 659 EN Incidental income Nzrd tutulmayan glir KT

660 EN 660 EN Incidental operations Nzrd tutulmayan IAS 16

mliyyatlar

661 EN 661 EN Income Glir KT

662 EN 662 EN Income approach Glir yanamas KT

663 EN 663 EN Income statement = Statement of Mnft v zrr haqqnda KT

income hesabat
664 EN 664 EN Income tax Mnft vergisi (glir vergisi) KT

665 EN 665 EN income tax expense Mnft vergisi xrci IFRS 5

666 EN 666 EN Income Taxes Mnft vergilri (glir IAS 12

vergilri)
667 EN 667 EN Income TaxesChanges in the Mnft vergilri - irktin SIC-25

Tax Status of an Enterprise or its v ya onun shmdarlarnn

Shareholders vergi statusunda dyiikliklr
668 EN 668 EN Income TaxesRecovery of Mnft vergilri - Yenidn SIC-21

Revalued Non-Depreciable Assets qiymtlndirilmi

amortizasiya olunmayan
aktivlrin brpas
669 EN 669 EN Increasing Rate Preference Artan glirli imtiyazl shmlr IAS 33

Shares

670 EN 670 EN Incremental share Marjinal (Artan) shmlr IAS 33

671 EN 671 EN Indicator [of impairment] (qiymtdn dm) KT

gstrici(si)
672 EN 672 EN Indirect method of reporting cash mliyyat faliyytindn KT

flows from operating activities yaranan pul vsaitlrinin

hrkti haqqnda
mlumatlarn tqdim
edilmsinin dolay metodu
673 EN 673 EN Individual asset frdi aktiv IFRS 5

674 EN 674 EN Individual financial statements Frdi maliyy hesabatlar IAS 40

675 EN 675 EN Induced conversion Mcburi konversiya IAS 33

676 EN 676 EN Industry segments Snaye seqmentlri KT

677 EN 677 EN Inflation nflyasiya KT

678 EN 678 EN Information Reflecting the Effects Dyin qiymtlrin tsirini IAS 15

of Changing Prices ks etdirn mlumat

679 EN 679 EN Initial classification lkin tsnifat IFRS 5

680 EN 680 #REF! Initial Direct Costs lkin birbaa msrflr IAS 17

682 EN 682 EN Initial measurement lkin llm KT

683 EN 683 EN Initial public offering Shmlrin ilkin aq tklifi IFRS 1

(sat)

684 EN 684 EN Initial recognition lkin tanma KT

685 EN 685 EN In-substance defeasance Mahiyyt zr silm IAS 39

686 EN 686 EN Insurable interest Sorta oluna biln maraq IFRS 4 BC

687 EN 687 EN Insurance agency commissions Sorta agentliyinin komisyon KT

glirlri
688 EN 688 EN Insurance assets Sorta aktivlri IFRS 4

689 EN 689 EN Insurance company Sorta irkti KT

690 EN 690 EN Insurance contract Sorta mqavilsi IFRS 4

691 EN 691 EN Insurance Contracts Sorta mqavillri IFRS 4

692 EN 692 EN Insurance enterprise Sorta irkti KT

693 EN 693 EN Insurance liability Sorta hdliyi IFRS 4

694 EN 694 EN Insurance obligations Sorta borclar IFRS 4

695 EN 695 EN Insurance risk Sorta riski IFRS 4

696 EN 696 EN Insurance swaps Sorta svoplar IFRS 4

697 EN 697 EN Insured event Sorta hadissi IFRS 4

698 EN 698 EN Insurer Sorta IFRS 4

699 EN 699 EN Intangible asset Qeyri-maddi aktiv KT

700 EN 700 EN Intangible Assets Qeyri-maddi aktivlr IAS 38

701 EN 701 EN Intangible AssetsWeb Site Qeyri-maddi aktivlr - Veb SIC-32

Costs sayt il bal xrclr

702 EN 702 EN Integral foreign operation Ayrlmaz trkib hiss olan IAS 21 IN, BC

xarici mliyyat

703 EN 703 EN Interest Faiz KT

704 EN 704 EN Interest cost (for an employee Faiz xrclri (iilrin KT

benefit plan) mkafatlandrlmas planlar

n)
705 EN 705 EN Interest rate implicit in a lease cary xas faiz drcsi KT

706 EN 706 EN Interest rate implicit in the lease car mqavilsind nzrd IAS 17

tutulan faiz drcsi

707 EN 707 EN Interest rate risk Faiz drcsi riski KT

708 EN 708 EN Interest rate strip Faiz drcsi stripi IAS 39

709 EN 709 EN Interest rate swap Faiz drcsi svopu KT

710 EN 710 EN interest-only strip Yalnz faizlr n kupon IAS 39

711 EN 711 EN Interests in Joint Ventures Birg mssislrd itirak IAS 31

paylar
712 EN 712 EN Interim financial report Aralq maliyy hesabat KT

713 EN 713 EN Interim Financial Reporting Aralq maliyy hesabatll IAS 34

714 EN 714 EN Interim financial statements Aralq maliyy hesabatlar IFRS 3

715 EN 715 EN Interim period Aralq dvr KT

716 EN 716 EN internal rate of return daxili rentabellik IFRS 7B

717 EN 717 EN Internal risk transfer Riskin daxili trlmsi IFRS 4

718 EN 718 EN Internally generated Daxild yaradlm IFRS 1

719 EN 719 EN Internally generated goodwill Daxild yaradlm qudvil KT

720 EN 720 EN International Accounting Standard Mhasibat Uotunun KT

Beynlxalq Standart
721 EN 721 EN International Accounting Mhasibat Uotunun KT

Standards Committee Beynlxalq Standartlar

Komitsi
722 EN 722 EN International Accounting Mhasibat Uotunun
Standards Committee Foundation Beynlxalq Standartlar
Komitsi Fondu
723 EN 723 EN International Federation of Mhasibatlrin Beynlxalq KT

Accountants Federasiyas
724 EN 724 EN International Financial Reporting Beynlxalq Maliyy
Interpretations Committee Hesabatlar rhi zr Komit
725 EN 725 EN International Financial Reporting Maliyy Hesabatlarnn IFRS 1

Standard Beynlxalq Standart

726 EN 726 EN Intragroup Qrupdaxili IAS 24

727 EN 727 EN Intrinsic value Hqiqi dyr IFRS 2

728 EN 728 EN Introduction of the Euro Avroya giri SIC-7

729 EN 729 EN Inventories Ehtiyatlar KT

730 EN 730 EN Investee nivestisiya obyekti IAS 28

(investisiya alan)

731 EN 731 EN Investing activities nvestisiya faliyytlri KT

732 EN 732 EN Investment nvestisiya KT

733 EN 733 #REF! Investment contract nvestisiya mqavilsi IFRS 4

735 EN 735 EN Investment grade nvestisiya sviyysi IFRS 7 IG

736 EN 736 EN Investment performance nvestisiya qoyuluunun KT

nticsi
737 EN 737 #REF! Investment Property Danmaz mlaka IAS 40

investisiyalar (nvestisiya
mlkiyyti)

739 EN 739 EN Investment tax credits nvestisiya zr vergi KT

kreditlri
740 EN 740 EN Investment-linked insurance funds nvestisiyaya bal sorta IAS 28

fondlar

741 EN 741 EN Investments in Associates Asl tsrrfat IAS 28

cmiyytlrin investisiya
742 EN 742 EN Investor qoyulular
nvestor KT

743 EN 743 EN Investor in a joint venture Birg mssisd investor KT

744 EN 744 EN Investor-owned entity nvestorun mlkiyytind IFRS 3

olan qurum
745 EN 745 EN Involuntary liquidation Mcburi lvetm KT

746 EN 746 EN Irrevocable commitments Lv edil bilmyn IAS 24

hdliklr
747 EN 747 EN Issued capital Buraxlm (shmdar) kapital KT

748 EN 748 EN Issued shares Emissiya edilmi (Buraxlm IFRS 3

(yerldirilmi)) shmlr
749 EN 749 EN Issuing entity Emitent IFRS 3

750 EN 750 EN Item Madd KT

751 EN 751 EN Item by item basis madd-madd yanamas KT

752 EN 752 EN Item of inventory ehtiyatlar maddsi IAS 2

753 EN 753 EN Joint control Birg nzart KT

754 EN 754 EN Joint venture Birg mssis KT

755 EN 755 EN Joint Working Group Birg ii qrup KT

756 EN 756 EN Jointly Controlled EntitiesNon- Birg nzart ediln SIC-13

Monetary Contributions by mssislr - sahibkarlar

Venturers trfindn qeyri-monetar
yardmlar
757 EN 757 EN Jointly controlled entity Birg nzart ediln qurum KT

758 EN 758 EN Jurisdiction Yurisdiksiya IFRS 3

759 EN 759 EN Key management personnel sas idar heyti IAS 24

760 EN 760 EN Last-in, first-out Son-mdaxil, ilk-mxaric KT

761 EN 761 EN Lease car KT

762 EN 762 EN Lease term car mddti KT

763 EN 763 EN Leaseback Geri icar IAS 16

764 EN 764 EN Leased assets cary gtrlm aktiv KT

765 EN 765 EN Leasehold interest car hququ IAS 40

766 EN 766 EN Leases carlr IAS 17

767 EN 767 EN Legal entity Hquqi xs KT

768 EN 768 EN Legal merger Qanuni birlm (udulma) KT

769 EN 769 EN Legal obligation Hquqi hdlik KT

770 EN 770 EN Legal parent Qanuni sas tkilat IFRS 3

771 EN 771 EN Legal rights Qanuni haqlar IFRS 3

772 EN 772 EN Legal subsidiary Qanuni trm mssis IFRS 3

773 EN 773 EN Legally enforceable right Qanunla icras mcburi olan KT

hquq
774 EN 774 EN Legislative requirement Qanunvericilik tlbi KT

775 EN 775 EN Lender Borcvern KT

776 EN 776 EN Lessee cari KT

777 EN 777 EN Lessee's incremental borrowing carinin borc kapital zr IAS 17

rate of interest marjinal faiz drcsi

778 EN 778 EN Lessor cardar (icary vern) KT

779 EN 779 EN Letters of credit Akkreditivlr KT

780 EN 780 EN Leveraged written option Kredit satn alnm yazl IFRS 7 IG

opsion

781 EN 781 EN Liabilities assumed Qbul edilmi hdliklr IFRS 1

782 EN 782 EN Liability hdlik KT

783 EN 783 EN Liability component hdlik komponenti IFRS 1

784 EN 784 EN Liability issue hdlik mslsi IFRS 3

785 EN 785 EN Licence fee lisenziya mkafat KT

786 EN 786 EN Licensing agreement Lisenziya mqavilsi KT

787 EN 787 EN Life-contingent annuity mr boyu mtnasib IFRS 4

bldrlm annuitet
788 EN 788 EN LIFO LFO

789 EN 789 EN Line item Stir maddsi KT

790 EN 790 EN Line of business qtisadi faliyyt nv KT

(faliyyt sahsi)
791 EN 791 EN Liquid assets Likvid aktivlr KT

792 EN 792 EN Liquidity Likvidlik KT

793 EN 793 EN Liquidity presentation Likvidlik zr tqdimat IFRS 5

794 EN 794 EN Liquidity risk Likvidlik riski KT

795 EN 795 EN Litigation settlements Mhkm qaydasnda KT

tnzimlm
796 EN 796 EN Loan Kredit KT

797 EN 797 EN Loan asset Kredit aktivi IAS 39

798 EN 798 #REF! Loan commitment Kredit hdliyi IFRS 3

800 EN 800 #REF! Loans and receivables Kreditlr v debitor borclar IAS 39

802 EN 802 EN Loans payable Kredit zr borclar IFRS 7A

803 EN 803 EN Loans payable in default Kredit zr dnilmmi IFRS 7

borclar
804 EN 804 EN Long-term employee benefits ilrin uzunmddtli KT

mkafatlandrlmas
805 EN 805 EN Long-term investment Uzunmddtli investisiya KT

806 EN 806 EN Loss event Zrr hadissi IAS 39

807 EN 807 EN Loss per share Hr shm zr zrr IAS 33

808 EN 808 EN loss recognition test zrrin tannmas zr IFRS 4

testdn keirilm
809 EN 809 EN Losses Zrrlr KT

810 EN 810 EN Majority interest Nzart shm paketi KT

811 EN 811 EN Management daretm heyti KT

812 EN 812 EN Management commentary Rhbrliyin xlassi IFRS 7 BC

813 EN 813 EN Margin Marja KT

814 EN 814 EN Market condition Bazar rti IFRS 2

815 EN 815 EN Market price Bazar qiymti IAS 33

816 EN 816 EN Market rate of interest Bazar faiz drcsi IAS 17

817 EN 817 EN Market risk Bazar riski KT

818 EN 818 EN Market value Bazar dyri KT

819 EN 819 EN Marketable Tezsatlan KT

820 EN 820 EN Mask works "Maskalanma ilri" IFRS 3

821 EN 821 EN Master netting arrangement Qarlql vzldirm KT

haqqnda sas razlama

822 EN 822 EN Matching of costs with revenues Xrclrin glirl KT

laqlndirilmsi

823 EN 823 EN Material adjustments hmiyytli dzlilr IFRS 1

824 EN 824 EN Material errors hmiyytli shvlr IAS 8

825 EN 825 EN Material omissions hmiyytli buraxlmalar IAS 8 IN, BC

826 EN 826 #REF! Materiality hmiyytlilik KT

829 EN 829 EN Maturity dm vaxtnn atmas KT

830 EN 830 EN Maturity value dm dyri IFRS 4

831 EN 831 EN Measurement llm KT

832 EN 832 EN Measurement bases llm saslar KT

833 EN 833 EN Measurement date llm tarixi IFRS 2

834 EN 834 EN Measurement or recognition llm v tanma IFRS 7B

inconsistency uyunsuzluu

835 EN 835 EN Measuring interim income tax Aralq mnft vergisi xrcinin KT

expense llmsi
836 EN 836 EN Members shares zvlr mxsus shmlr IFRIC 2

837 EN 837 EN Members Shares in Co-operative Kooperativ mssislrd IFRIC 2

Entities and Similar Instruments zvlrin paylar v oxar

altlr
838 EN 838 EN Membership fees zvlk haqqlar KT

839 EN 839 EN Merchandise mtlr IAS 2

840 EN 840 EN Merger Birlm KT

841 EN 841 EN Method of accounting Uot metodu IFRS 3

842 EN 842 EN Minerals and mineral products Minerallar v mineral IAS 2

mhsullar

843 EN 843 EN Minimum lease payments Minimal icar dnilri KT

844 EN 844 EN Minority interest Azlqlarn pay KT

845 EN 845 EN Mismatch Uyunsuzluq KT

846 EN 846 EN Misstatement Shv tqdim etm IAS 8

847 EN 847 EN Mitigating device Yumaldc vasit IFRS 7 IG

848 EN 848 EN Monetary asset Monetar aktiv KT

849 EN 849 EN Monetary items (monetary assets; Monetar maddlr (monetar KT

monetary financial assets and aktivlr, monetar maliyy

financial liabilities; monetary aktivlri v maliyy hdliklri,
financial instruments) monetar maliyy altlri)

850 EN 850 EN Monitor compliance Riayt etmy nzart IFRS 1

851 EN 851 EN Mortality risk lmcl risk IFRS 4

852 EN 852 EN Multi-employer (benefit) plans gtrnlr qrupunun KT

pensiya tminat planlar

853 EN 853 EN Multi-employer plans (for an (iilrin mkafatlarndrlmas KT

employee benefit plan) planlar n) gtrnlr

qrupunun pensiya tminat
planlar

854 EN 854 EN Multiple embedded derivatives oxistiqamtli asl trm IFRS 7

alt

855 EN 855 EN Mutual cooperative entity Mtrk kooperativ qurum IFRS 3

856 EN 856 EN Mutual entity Qarlql qurum IFRS 3

857 EN 857 EN Mutual fund Qarlql investisiya fondlar IFRS 4

858 EN 858 EN Mutual insurance company Qarlql sorta irkti IFRS 3

859 EN 859 EN National requirements Milli tlblr IFRS 1

860 EN 860 EN Nature of expense method Xrc metodunun xsusiyyti KT

861 EN 861 #REF! Negative goodwill Mnfi qudvil KT

863 EN 863 EN Net assets Xalis aktivlr IFRS 3

864 EN 864 EN Net basis netto-sasda KT

865 EN 865 EN Net disposal proceeds Xaricolmadan xalis glir IAS 16

(mnft)

866 EN 866 EN Net exchange differences Xalis mznn frlqi IAS 16

867 EN 867 EN Net identifiable assets Myyn edil biln xalis IFRS 3

aktivlr

868 EN 868 #REF! Net income Xalis glir (xalis mnft) KT

870 EN 870 EN Net investment in a foreign Xarici mliyyata xalis IAS 21

operation investisiya qoyuluu

871 EN 871 EN Net investment in a lease cary xalis investisiya KT

qoyuluu
872 EN 872 EN Net loss Xalis zrr KT

873 EN 873 EN Net monetary position Xalis monetar mvqe KT

874 EN 874 EN Net position Xalis mvqe IFRS 1

875 EN 875 EN Net profit Xalis mnft KT

876 EN 876 EN Net profit or loss [for the period]Dvr zr xalis mnft v ya KT

zrr
877 EN 877 EN Net Profit or Loss for the Period, Dvr zr xalis mnft v ya IAS 8

Fundamental Errors and Changes zrr, hmiyytli shvlr v

in Accounting Policies uot siyastlrind
dyiikliklr
878 EN 878 EN Net realisable value Mmkn xalis sat dyri KT

879 EN 879 EN Net selling price Xalis sat qiymti KT

880 EN 880 EN Net settlement = Settle net netto-hesablama KT

881 EN 881 EN Neutrality Neytrallq KT

882 EN 882 EN Newly acquired asset Yeni ld edilmi aktiv IFRS 5

883 EN 883 #REF! Next most senior parent Pillc yuxar olan nvbti IAS 24

sas cmiyyt

885 EN 885 EN Non-bank financial service firm Qeyri-bank maliyy xidmti IFRS 7 BC

irkti
886 EN 886 EN Non-cancellable lease Lv edil bilmyn icar KT

887 EN 887 EN Non-cash transactions Nadsz mliyyatlar KT

888 EN 888 EN Non-coterminous year-ends Qeyri-brabr hesabat IAS 28

dvrlri

889 EN 889 EN Non-current assets Uzunmddtli aktiv IFRS 3

890 EN 890 EN Non-current Assets Held for Sale Sat n saxlanlm IFRS 5

and Discontinued Operations uzunmddtli aktivlr v

Dayandrlm mliyyatlar
891 EN 891 EN Non-derivative Trm olmayan IAS 32

892 EN 892 EN Non-derivative contract Trm olmayan mqavil IFRS 4

893 EN 893 #REF! Non-discretionary employee profit- ilr n mnftd IAS 33

sharing plan mhdud itirak planlar

895 EN 895 EN Non-financial assets Qeyri-maliyy aktivlri IAS 40

896 EN 896 EN Non-linearities Qeyri-sabitliklr IFRS 4 IG

897 EN 897 EN Non-marketable securities Dvriyydnknar qiymtli KT

kazlar
898 EN 898 EN Non-monetary asset Qeyri-monetar aktiv KT

899 EN 899 EN Non-monetary government grants Qeyri-monetar hkumt KT

subsidiyalar
900 EN 900 EN Non-redeemable Mddtsiz (dm mddtli IFRIC 2

tyin edilmmi)

901 EN 901 EN Non-refundable purchase taxes vzldiril bilmyn lav IAS 16

dyr vergisi

902 EN 902 EN Normal capacity of production Mssisnin normal i KT

facilities raitind mvcud olan

istehsal gc
903 EN 903 EN Notes (receivable/payable) Veksellr (ld edilmli IAS 32

olan/dnilmli olan)
904 EN 904 #REF! Notional amount Nominal dyr KT

906 EN 906 EN Objective Mqsd KT

907 EN 907 EN Obligating event hdlik yaradan hadis KT

908 EN 908 EN Obligation hdlik KT

909 EN 909 EN Obligations for removal and Silinm v brpa ilri zr IFRS 6

restoration hdliklr

910 EN 910 EN Observable (benchmark) interest Mahid edil biln IFRS 7 IG

rate (balanc) faiz drcsi

911 EN 911 EN Observable markets Mahid edil biln bazarlar IFRS 7 IG

912 EN 912 EN Observed (benchmark) interest Mahid edilmi (balanc) IFRS 7

rate faiz drcsi

913 EN 913 EN Observed market price Mahid edilmi bazar IAS 32

qiymti

914 EN 914 EN Obsolescence Mnvi khnlm KT

915 EN 915 EN Offer price Tklif qiymti (sat qiymti) KT

916 EN 916 EN Offset Qarlql vzldirmk KT

917 EN 917 EN Offsetting Qarlql vzldirm KT

918 EN 918 EN Onerous contract Ar rtli mqavil KT

919 EN 919 #REF! Opening balance lkin qalq (ilin vvlin olan KT

qalq)
921 EN 921 EN Operating activities mliyyat faliyytlri KT

922 EN 922 EN Operating cycle mliyyat dvr KT

923 EN 923 EN Operating lease mliyyat icarsi KT

924 EN 924 EN Operating LeasesIncentives mliyyat icarlri - Stimullar SIC-15

925 EN 925 EN Option Opsion KT

926 EN 926 EN Option contract Opsion mqavilsi IAS 32

927 EN 927 EN Option pricing model Opsion qiymtmlglm IFRS 2

modeli
928 EN 928 EN Ordinary activities Adi faliyytlr KT

929 EN 929 EN Ordinary course of business in normal gediat IAS 2

930 EN 930 EN Ordinary share Adi shm KT

931 EN 931 EN Original cost lkin dyr IFRS 1

932 EN 932 EN Originated loans and receivables Yaranm kreditlr v debitor KT

borclar
933 EN 933 EN Origination costs Yaranma zr xrclr IFRS 4

934 EN 934 EN Other long-term employee Digr uzunmddtli ii KT

benefits mkafatlandrmalar

935 EN 935 EN Other price risk Digr qiymt riski IFRS 7A

936 EN 936 EN Out of the money Opsionun lverisiz istifad IAS 39

qiymti

937 EN 937 EN Outright sale Yekun sat KT

938 EN 938 EN Outsourcing arrangements Autsorsinq ilri IFRIC 4

(razlamalar)
939 EN 939 EN Overheads stlik xrclr (qaim xrclri) KT

940 EN 940 EN Over-the-counter market Birjadanknar qiymtli IAS 28

kazlar bazar

941 EN 941 EN Owner-occupied property Mlkiyyti trfindn istifad KT

olunan danmaz mlak

942 EN 942 EN Owners' equity Shmdar kapital KT

943 EN 943 EN ownership interest shmdarn itirak pay IFRS 3

944 EN 944 EN Paid in capital dnilmi kapital KT

945 EN 945 EN Parent sas cmiyyt IFRS 3

946 EN 946 EN Parent-subsidiary relationship sas cmiyyt-trm IFRS 3

cmiyyt laqlri
947 EN 947 EN Partially-owned subsidiary Qismn mlkiyytd olan IAS 27

trm mssis

948 EN 948 EN Participants [in a pension plan] tiraklar (pensiya plannda) KT

949 EN 949 EN Participating equity instruments Mnftd itirak hququ IAS 33

vern pay altlri

950 EN 950 EN Past business combination Kemi mssis birlmsi IFRS 1

951 EN 951 EN Past due dni mddti kemi IFRS 7A

952 EN 952 EN Past event Kemi hadis IFRS 3

953 EN 953 EN Past service cost Kemi xidmtlrin dyri KT

954 EN 954 EN Payables Kreditor borclar KT

955 EN 955 EN Pension Pensiya KT

956 EN 956 EN Pension liability Pensiya hdliklri IFRS 1

957 EN 957 EN Pension scheme Pensiya plan KT

958 EN 958 #REF! Percentage of completion method in faiz etibar il KT

tamamlanmas metodu

960 EN 960 EN Performance conditions cra rtlri IFRS 2

961 EN 961 EN Period of service Xidmt dvr KT

962 EN 962 EN Period-certain annuity Tsbit edilmi mddtli IFRS 4

annuitet
963 EN 963 EN Period-specific effects Dvr xas effektlr IAS 8

964 EN 964 EN Perpetual debt instruments Mddtsiz borc alti KT

965 EN 965 EN Persistency bonus Davamllq bonusu IFRS 4

966 EN 966 EN Personnel i heyti IAS 2

967 EN 967 EN Phantom shares Qeyri-real shmlr IFRS 2

968 EN 968 EN Physical capital Fiziki kapital KT

969 EN 969 EN Plan assets (of an employee Plan aktivlri (iilrin KT

benefit plan) mkafatlandrlmas zr)

970 EN 970 EN plan commitment date Plan zr hdy gtrlm IFRS 5 IG

tarix
971 EN 971 EN pledged as collateral Girov kimi qoyulmu IAS 32
972 EN 972 EN Policyholder Sorta polisinin sahibi IFRS 4

973 EN 973 EN Pooling of interest method Maraqlarn birldirilmsi KT

metodu
974 EN 974 EN Portfolio Portfel KT

975 EN 975 EN Portfolio Hedge of Interest Rate Faiz drcsi riskinin portfel IAS 39

Risk hedcinqi
976 EN 976 #REF! portfolio transfer Portfel krlmsi IFRS 4

978 EN 978 EN Post-employment benefit plans mk faliyytinin baa KT

atmasndan sonrak
mkafatlandrma planlar
979 EN 979 EN Post-employment benefits mk faliyytinin baa KT

atmasndan sonrak
mkafatlandrmalar
980 EN 980 EN post-tax profit or loss Vergitutmadan sonra mnft IFRS 5

v ya zrr
981 EN 981 EN post-vesting transfer restriction hquqlarn verilmsindn IFRS 2

sonra krm mhdudiyyti

982 EN 982 EN Potential ordinary share Potensial adi shm KT

983 EN 983 EN Potential voting rights Potensial ssverm hquqlar IAS 27

984 EN 984 EN Pre-combination Birlmy qdrki IFRS 3

985 EN 985 EN Preface to International Financial Beynlxalq Maliyy

Reporting Interpretations Hesabatlarnn rhin n
Committee sz
986 EN 986 EN Preface to International Financial Maliyy Hesabatlarnn
Reporting Standards Beynlxalq Standartlarna n
sz
987 EN 987 EN Preference dividend mtiyazl shmlr zr IAS 33

dividend

988 EN 988 EN Preference share mtiyazl shm IAS 33

989 EN 989 EN Premium Mkafat KT

990 EN 990 EN Preparation and Presentation of Maliyy Hesabatlarnn IFRS 1

Financial Statements Hazrlanmas v Tqdimat

991 EN 991 EN Preparers Maliyy hesabatlarnn trtib IAS 40

ednlr

992 EN 992 EN Prepayments Avanslar KT

993 EN 993 EN Present obligation Cari borc KT

994 EN 994 EN Present value Diskontladrlm dyr KT

995 EN 995 EN Present value of a defined benefit Myyn edilmi dnilr KT

obligation zr pensiya planlarna aid

hdliklrin diskontladrlm
dyri
996 EN 996 EN Presentation Tqdimat KT

997 EN 997 EN Presentation currency Tqdimat valyutas IAS 21

998 EN 998 EN Presentation of Financial Maliyy Hesabatlarnn IAS 1

Statements Tqdimat
999 EN 999 EN Previous GAAP vvllr ttbiq olunan IFRS 1

mhasibat uotu standartlar

1000 EN 1000 EN Price earnings ratios Qiymtin glir nisbti KT

1001 EN 1001 EN Price index Qiymt indeksi KT

1002 EN 1002 EN Price risk Qiymt riski KT

1003 EN 1003 EN Primary Basis of Accounting sas uot metodu IFRS 1

1004 EN 1004 EN primary economic environment sas iqtisadi mhit IAS 21

1005 EN 1005 EN Primary financial instruments sas maliyy altlri KT

1006 EN 1006 EN Primary objective sas mqsd IFRS 1

1007 EN 1007 EN Primary reporting format sas hesabatllq formas KT

1008 EN 1008 EN principal-only strip Yalnz sas mbl zr IAS 39

kupon

1009 EN 1009 EN Principles-based approach Prinsiplr saslanan IFRS 1 BC

yanama
1010 EN 1010 EN Prior period error Kemi dvrlrin shvlri IAS 8

1011 EN 1011 EN Private entity zl qurum IFRS 3

1012 EN 1012 EN Privatisation zlldirm IFRS 1

1013 EN 1013 EN Pro forma Nmunvi KT

1014 EN 1014 EN Pro rata basis Mtnasib sasda KT

1015 EN 1015 EN Probability recognition criterion Ehtimaln tannma meyar IFRS 3

1016 EN 1016 EN Probable Ehtimal olunan IFRS 3

1017 EN 1017 EN Probable maximum loss Ehtimal olunan maksimum IFRS 4

zrr
1018 EN 1018 EN Product warranty obligations Keyfiyyt zmanti zr IFRS 5

hdliklr
1019 EN 1019 EN Production overheads mumistehsal xrclri KT

1020 EN 1020 EN Production process stehsal prosesi IAS 2

1021 EN 1021 EN Profit Mnft KT

1022 EN 1022 #REF! Profit after tax Vergitutmadan sonra mnft KT

1024 EN 1024 EN Profit before tax Vergitutmadan vvl mnft KT

1025 EN 1025 EN Profit sharing Mnftin bldrlmsind KT

itirak
1026 EN 1026 EN Progress billing Aralq hesablarn tqdim KT

edilmsi
1027 EN 1027 EN Progress payment Aralq dnilr KT

1028 EN 1028 EN Prohibitions Qadaalar IFRIC 2

1029 EN 1029 #REF! Projected unit credit method Proqnozladrlan rti vahid KT

metodu

1031 EN 1031 EN property interest Mlkiyyt mara IAS 40

1032 EN 1032 EN Property, Plant and Equipment Torpaq, tikili v avadanlqlar IAS 16

1033 EN 1033 EN Property, Plant and Equipment - Torpaq, tikili v avadanlqlar - SIC-14

Compensation for the Impairment Qiymtdndm v ya

or Loss of Items aktivlrin itmsindn
zrrlrin vzinin dnilmsi

1034 EN 1034 EN Property, Plant and Equipment - Torpaq, tikili v avadanlqlar - SIC-23

Major Inspection or Overhaul sas yoxlamann hyata

Costs keirilmsinin dyri v ya
sasl tmir xrclri
1035 EN 1035 EN Proportionate consolidation Mtnasib konsolidasiya KT

1036 EN 1036 EN proportionate interest Mtnasib faiz IFRS 3

1037 EN 1037 EN Proposed improvements Tklif ediln tkmilldirmlr IFRS 1

1038 EN 1038 EN Prospective application Perspektiv qaydada ttbiq KT

etm

1039 EN 1039 #REF! Provision Yaradlm ehtiyat fondu KT

1041 EN 1041 EN Provisional value lkin qiymt IFRS 3

1042 EN 1042 EN Provisions, Contingent Liabilities Yaradlm ehtiyat fondlar, IAS 37

and Contingent Assets rti hdliklr v rti

aktivlr
1043 EN 1043 EN Proxy vzlyici IFRS 7 BC

1044 EN 1044 EN Prudence Ehtiyatllq KT

1045 EN 1045 EN Public entity Dvlt mssissi, ictimai IFRS 3

qurum
1046 EN 1046 EN Public securities markets Dvlt qiymtli kazlar IAS 33

bazar

1047 EN 1047 EN Publicly quoted entity Aq kild kotirovka olunan IFRS 3

qurum
1048 EN 1048 EN Published price Elan edilmi (drc edilmi) IFRS 3

qiymt (preyskuran qiymti)

1049 EN 1049 EN Purchase consideration Aln nzrdn keirilmsi KT

1050 EN 1050 EN Purchase method Al metodu KT

1051 EN 1051 EN Purchase price Al qiymti IAS 2

1052 EN 1052 EN Purchased options Alnm opsionlar IAS 33

1053 EN 1053 EN Put option Put opsionu KT

1054 EN 1054 EN Puttable Qaytarla biln KT

1055 EN 1055 EN Puttable instrument Qaytarla biln alt IAS 32

1056 EN 1056 EN Qualify for Tannma/tannmann IFRS 1

recognition/derecognition dayandrlmas rtlrin

cavab verm

1057 EN 1057 EN Qualifying asset rtlr cavab vern aktiv KT

1058 EN 1058 EN Qualifying insurance policy Myyn tlblr cavab KT

vern sorta polisi

1059 EN 1059 EN Qualitative characteristics Keyfiyyt xsusiyytlri KT

1060 EN 1060 EN quantitative disclosures Kmiyyt aqlamalar IFRS 7

1061 EN 1061 EN quoted equity instrument kotirovka olunan pay alti IFRS 3

1062 EN 1062 EN Quoted market price Kotirovka olunan bazar KT

qiymti
1063 EN 1063 EN rated and unrated credit qiymlndirilmi v IFRS 7 IG

exposures qiymtlndirilmmi kredit

riskin mruz qalmalar
1064 EN 1064 EN Realisable value Mmkn sat dyri KT

1065 EN 1065 EN Reasonable estimate Qnatbx qiymtlndirm IFRS 1

1066 EN 1066 EN reasonably possible Olduqca mmkn IFRS 7B

1067 EN 1067 EN reassessment yenidn qiymtlndirm IFRS 3

1068 EN 1068 EN rebates faizlrin qaytarlmas IAS 2

1069 EN 1069 EN Rebuttable presumption Tkzib oluna biln KT

prezumpsiya
1070 EN 1070 EN Receivables Debitor borclar KT

1071 EN 1071 EN Recognised financial instruments Tannm maliyy altlri IAS 32

1072 EN 1072 EN Recognition Tannma KT

1073 EN 1073 EN Recognition as an expense Xrc kimi tannma IAS 2

1074 EN 1074 EN Recognition criteria Tannma meyarlar IFRS 1

1075 EN 1075 #REF! Reconciliation Tutudurma (zldirm) KT

1077 EN 1077 EN Recoverability Brpa edil bilm KT

1078 EN 1078 EN Recoverable Brpa edil biln IAS 2

1079 EN 1079 EN Recoverable amount Brpa edil biln mbl KT

1080 EN 1080 EN Redemption Geri alnma KT

1081 EN 1081 EN Redemption prohibition Geri alnma zr qadaa IFRIC 2

1082 EN 1082 #REF! Refinancing Yenidn maliyyldirm KT

1084 EN 1084 EN Regular way purchase or sale Adi al v ya sat IAS 39

mliyyatlar

1085 EN 1085 EN Regulator Tnzimlyici KT

1086 EN 1086 EN Reimbursement Kompensasiya KT

1087 EN 1087 EN Reinsurance contract Tkrarsorta mqavilsi IFRS 4

1088 EN 1088 EN Reinsurer Tkrarsorta IFRS 4

1089 EN 1089 EN Reinvestment of dividends Dividendlrin yenidn IAS 33

investisiyas

1090 EN 1090 EN Related parties laqli trflr KT

1091 EN 1091 EN Related Party Disclosures laqli trflrl bal IAS 24

mlumatlarn aqlanmas
1092 EN 1092 EN Related party transaction laqli trflrl mliyyatlar KT
1093 EN 1093 EN Relevance Mnasiblik KT

1094 EN 1094 EN Reliability Etibarllq KT

1095 EN 1095 EN Reliability exception Etibarllq istisnas IAS 40

1096 EN 1096 EN Reliable measurement test Etibarl llm testdn IAS 16

keirilmsi

1097 EN 1097 EN Reload feature "Yenidn yklm" rti IFRS 2

1098 EN 1098 EN Reload option "Yenidn yklm" opsionu IFRS 2

1099 EN 1099 EN Remeasurement Yenidn llm KT

1100 EN 1100 EN Rendering of Services Xidmtlrin llm KT

1101 EN 1101 EN Renewal rights Yenidn brpa etm hquqlar IFRS 4

1102 EN 1102 EN Reorganisations Yenidn tkil olunmalar KT

1103 EN 1103 EN Repairs and maintenance Tmir v saxlama (xidmt) IAS 40

xrclri

1104 EN 1104 EN Repayment dm KT

1105 EN 1105 EN Replacement cost of an asset Aktivin vz edilmsi dyri KT

1106 EN 1106 EN Repledge Tkrar girov qoymaq IFRS 7

1107 EN 1107 EN Reportable segment Aqlanmal olan seqment KT

1108 EN 1108 EN Reporting currency Hesabat valyutas KT

1109 EN 1109 EN Reporting Currency - Hesabat valyutas - 21 -li v SIC-19

Measurement and Presentation of 29 -li MUBS-a sasn

Financial Statements Under IAS maliyy hesabatlarnn
21 and IAS 29 llmsi v tqdimat
1110 EN 1110 EN Reporting Currency Translation Hesabat valyutas - llm SIC-30

from Measurement Currency to valyutasndan tqdimat

Presentation Currency valyutasna kem

1111 EN 1111 EN Reporting date Hesabat tarixi KT

1112 EN 1112 EN Reporting enterprise Hesabat vern mssis KT

1113 EN 1113 EN Reporting entity Hesabat vern qurum IAS 21

1114 EN 1114 EN Reporting package Hesabatlar dsti IFRS 1

1115 EN 1115 EN Reporting period Hesabat dvr KT

1116 EN 1116 EN representational faithfulness ks etdirmnin hqiqiliyi IFRS 3

1117 EN 1117 EN Repurchase agreement Geri al hquqi il mqavil KT

1118 EN 1118 EN Research Tdqiqat KT

1119 EN 1119 EN Reserve Ehtiyat fondu KT

1120 EN 1120 EN residual cost qalq dyri IFRS 3

1121 EN 1121 EN residual interest qalq itirak pay IAS 32

1122 EN 1122 EN Residual value Son qalq dyri KT

1123 EN 1123 EN Resolution of the IASB MUBS-n qrar - 15 -li IAS 15

Withdrawal of IAS 15 by the Board MUBS-n ura trfindn lv

edilmsi
1124 EN 1124 EN Restatement Tkrar tqdimat KT

1125 EN 1125 EN Restructuring Restrukturizasiya KT

1126 EN 1126 EN Restructuring provision Restrukturizasiya zr ehtiyat IFRS 1

fondu

1127 EN 1127 EN Result Ntic KT

1128 EN 1128 EN Retail method Praknd sat metodu KT

1129 EN 1129 EN Retail store chain Praknd sat maazalar KT

bksi
1130 EN 1130 EN Retained earnings Bldrlmmi mnft KT

1131 EN 1131 EN Retained profit Bldrlmmi mnft IFRS 3

1132 EN 1132 EN Retirement benefit plans Pensiya tminat planlar KT

1133 EN 1133 EN Retroactive classification Retroaktiv tsnifat IFRS 5

1134 EN 1134 EN Retrospective application Retrospektiv ttbiq etm KT

1135 EN 1135 EN Return on investment nvestisiyann rentabelliyi KT

1136 EN 1136 EN Return on plan assets (of an Plann aktivlrinin rentabelliyi KT

employee benefit plan) (iilrin mkafatlandrlmas

plan)

1137 EN 1137 EN Revaluation Yenidn qiymtlndirm KT

1138 EN 1138 EN Revaluation reserve Yenidn qiymtlndirm n IFRS 1

ehtiyat fondu
1139 EN 1139 EN Revaluation surplus Yenidn qiymtlndirm IFRS 1

artm

1140 EN 1140 EN Revalued amount of an asset Aktivin yenidn KT

qiymtlndirilmi dyri
1141 EN 1141 EN Revenue Glir KT

1142 EN 1142 EN RevenueBarter Transactions Glir - Reklam xidmtlrini SIC-31

Involving Advertising Services zn daxil edn barter

mliyyatlar
1143 EN 1143 EN Reversal Geri mliyyat (lv etm) KT

1144 EN 1144 EN Reverse acquisition Geri satn alnma KT

1145 EN 1145 #REF! Reverse share split Shmlrin ks spliti KT

(shmlrin konsolidasiyas)
1147 EN 1147 EN Rewards associated with a leased cary gtrlm aktiv zr KT

asset mlkiyyt hquqlarna aid

mkafatlar
1148 EN 1148 EN right of first refusal mstsna al hququ IAS 39

1149 EN 1149 EN Right of set-off ks-tlb hququ KT

1150 EN 1150 EN right to explore kfiyyat aparmaq hququ IFRS 6

1151 EN 1151 EN Rights issue Mvcud shmdarlara aa IAS 33

qiymtl tklif ediln yeni

shmlrin emissiyas
1152 EN 1152 EN Rights to Interests arising from stismardan xarma, brpa IFRIC 5

Decommissioning, Restoration v traf mhitin

and Environmental Rehabilitation yaxladrlmas zr
Funds fondlardan faydalanma
hquqlar
1153 EN 1153 EN Risk Risk KT

1154 EN 1154 EN Risk exposure Risk mruz qalma IFRS 4

1155 EN 1155 EN risks and rewards of ownership sahibolma risklri v IFRS 7

mkafatlar
1156 EN 1156 EN Risks associated with a leased cary gtrlm aktiv zr KT

asset mlkiyyt hquqlarna aid

risklr
1157 EN 1157 EN Roll back vvlki tarixlrdki mvqey IFRS 1

(vziyyt) qaytarma
1158 EN 1158 EN Roll forward Alm vvlki opsion IFRS 1

mvqeyinin sonrak mvqe il

vz olunmas

1159 EN 1159 EN Royalty Royalti KT

1160 EN 1160 EN Sale Sat (gztli qiymtl) KT

1161 EN 1161 EN Sale and leaseback transaction Sat v geriy icar KT

mliyyatlar

1162 EN 1162 EN SARs Shmin dyrindki artm IFRS 2 BC, IG

ld etmk hquqlar
1163 EN 1163 EN Scope Ttbiq sahsi KT

1164 EN 1164 EN Secondary segment information kinci drcli seqment KT

mlumat
1165 EN 1165 EN Securities Qiymtli kazlar KT

1166 EN 1166 EN Securitisation Sekyuritizasiya KT

1167 EN 1167 EN Segment Seqment KT

1168 EN 1168 EN Segment assets Seqment aktivlri KT

1169 EN 1169 EN Segment expense Seqment xrclri KT

1170 EN 1170 #REF! Segment Reporting Seqmetn hesabat IAS 14

1172 EN 1172 EN Segment revenue Seqment gliri KT

1173 EN 1173 EN self-constructed asset z istehsal olan aktiv IAS 16

1174 EN 1174 EN Self-insurance zn sorta IFRS 4

1175 EN 1175 EN Selling price Sat qiymti IAS 2

1176 EN 1176 EN Sensitivity analysis Hssaslq thlili IFRS 4

1177 EN 1177 EN Separability Ayrlqda nzr alna bilm IFRS 3

1178 EN 1178 EN Separable assets Ayrlqda nzr alna biln IAS 16

aktivlr

1179 EN 1179 EN Separate financial statements Frdi maliyy hesabatlar IAS 27 TITLE

1180 EN 1180 EN Separate liability Frdi hdlik IFRS 3

1181 EN 1181 EN Separately identifiable Ayrlqda myyn oluna biln IAS 2

1182 EN 1182 EN Service cost Xidmtin dyri (pensiya IFRS 1

plannn orta dyri)

1183 EN 1183 EN Service date Xidmtin gstrildiyi tarix IFRS 2 BC

1184 EN 1184 EN Service mark Xidmt nian IFRS 3

1185 EN 1185 EN Servicing liabilities Xidmt hdliklri IFRS 1 / IAS 39

1186 EN 1186 EN Servicing rights Xidmt hquqlar IAS 39 BfC

1187 EN 1187 EN Set of financial statements Maliyy hesabatlar dsti IFRS 1

1188 EN 1188 EN Set-off, legal right of vzldirm, qanuni hquq KT

1189 EN 1189 EN Settle net = Net settlement Netto-hesablama KT

1190 EN 1190 EN Settlement Hesablama KT

1191 EN 1191 EN Settlement (of employee benefit Hesablama (iilrin KT

obligations) mkafatlandrlmas
hdliklri zr)

1192 EN 1192 EN Settlement date Hesablama tarixi KT

1193 EN 1193 EN Settlement date accounting Hesablama tarixin sasn IAS 39

uot

1194 EN 1194 EN Settlement provision Hesablama zr yaradlm IAS 32

ehtiyat fondu

1195 EN 1195 EN Settlement value Hesablama mbli KT

1196 EN 1196 EN Severally liable Ayr-ayrlqda msuliyyt IAS 28

dama

1197 EN 1197 EN Share Shm KT

1198 EN 1198 EN Share appreciation rights Shmin dyrindki artm IFRS 2

ld etmk hququ
1199 EN 1199 EN Share buy-back arrangements Shmin geri satn alnmas IFRS 3

mqavillri
1200 EN 1200 EN Share call options Shm zr "koll" (alc) IAS 27

opsionlar

1201 EN 1201 EN Share capital Shmdar kapital KT

1202 EN 1202 EN Share Capital - Reacquired Own Shmdar kapital - Yenidn SIC-16

Equity Instruments (Treasury ld edilmi mssisy

Shares) mxsus pay altlri
1203 EN 1203 EN Share consolidation Shmlrin birldirilmsi IAS 33

1204 EN 1204 EN Share option Shm opsionu IFRS 2

1205 EN 1205 EN Share option plan Shm zr opsionlar sxemi KT

1206 EN 1206 EN Share premium Shm zr mkafat KT

1207 EN 1207 EN Share split Shmin hisslr ayrlmas KT

(shm spliti)
1208 EN 1208 EN Share warrant Shmlrin alnmas zr KT

varrant
1209 EN 1209 EN Share-based Payment Pay altlri sasnda dm IFRS 2

1210 EN 1210 EN Share-based payment Pay altlri sasnda dm IFRS 2

arrangement razlamas

1211 EN 1211 EN share-based payment Pay altlri sasnda dm IFRS 2

transaction mliyyat

1212 EN 1212 EN Shareholder Shmdar KT

1213 EN 1213 EN Shareholders' equity Shmdarlara mxsus kapital KT

1214 EN 1214 EN Short seller Mhtkir KT

1215 EN 1215 EN Short-term employee benefits ilrin qsamddtli KT

mkafatlandrlmas
1216 EN 1216 EN SIC DK KT

1217 EN 1217 EN Significant influence hmiyytli tsir KT

1218 EN 1218 EN Single product enterprise Bir mhsul zr ixtisaslaan KT

mssis
1219 EN 1219 EN Sinking fund Glck dmlr zr fond KT

1220 EN 1220 EN Social security Sosial mdafi (sorta) KT

1221 EN 1221 EN Social security contribution Sosial mdafi fonduna KT

ayrmalar
1222 EN 1222 EN Solvency dm qabiliyyti KT

1223 EN 1223 EN SPE XMM KT

1224 EN 1224 EN Special purpose entity Xsusi mqsdli qurum KT

1225 EN 1225 EN Specific identification of costs Xsusi nv mhsulun hr IAS 2

vahidi zr xrclrin
myynldirilmsi
1226 EN 1226 EN Speculative grade Qeyri-investisiya sviyysi IFRS 7 IG
1227 EN 1227 EN Spin-off sas cmiyytin aktivlrinin KT/ IFRS 5 BC

bir hisssi hesabna yeni

trm cmiyytin
yaradlmas
1228 EN 1228 EN Spot exchange rate Spot mznnsi IAS 21

1229 EN 1229 EN Stand-alone basis Muxtar sas IAS 24

1230 EN 1230 EN Stand-alone derivative Muxtar trm alt IAS 39 / IFRIC 9

1231 EN 1231 EN Stand-alone entity Muxtar qurum IAS 21

1232 EN 1232 EN Standard cost method Maya dyrinin normativ KT

msrflr sasnda
kalkulayasiyas (Standart-
kostinq)
1233 EN 1233 #REF! Stand-by credit facilities Ehtiyat kredit vasitlri IFRS 7 IG

1235 EN 1235 EN Standing Interpretation Committee rhlr zr Daimi Komit KT

1236 EN 1236 EN start-up costs balama msrflri IAS 40

1237 EN 1237 EN state-controlled entities dvlt nzartind olan IAS 24

qurumlar

1238 EN 1238 EN Statement of cash flows = Cash Pul vsaitlrinin hrkti KT

flow statement haqqnda hesabat

1239 EN 1239 EN Statement of changes in equity Kapitalda dyiikliklr KT

haqqnda hesabat
1240 EN 1240 EN Statement of compliance with MHBS-lara uyunluq byanat IFRS 1

IFRSs

1241 EN 1241 EN Statement of income = Income Mnft v ya zrr haqqnda KT

statement hesabat
1242 EN 1242 EN Stewardship of management daretm heytinin IFRS 1

srncamna verilm

1243 EN 1243 EN stock exchange listing fond birjas listinqi IFRS 3

1244 EN 1244 EN Stop-loss Zrrin qarsnn alnmas IFRS 4 IG

n tkrar sorta
1245 EN 1245 EN Straight debt Birbaa (adi) borc IFRS 7 BC
1246 EN 1246 EN Straight-line method Dzxt metod IAS 16

1247 EN 1247 EN Stress test tin raitd snaq IFRS 7B

1248 EN 1248 EN Subsequent gain Sonrak glir IFRS 5

1249 EN 1249 EN Subsidiary Trm mssis KT

1250 EN 1250 EN Subsidies Sibsidiyalar (dotasiyalar) KT

1251 EN 1251 EN Substance over form Mahiyytin formadan KT

stnly

1252 EN 1252 EN Substantively enacted Mahiyyt etibaril KT

myynldirilmi
1253 EN 1253 EN Superannuation scheme Qocalqla laqdar tqad KT / IAS 26

xanlar n pensiya plan

1254 EN 1254 EN Superseded versions Qvvsini itirmi variantlar IFRS 1 BC

1255 EN 1255 EN Supervisory non-management daretm heytin daxil KT

directors olmayan nzarti direktorlar

1256 EN 1256 EN Supplier Tchizat IFRS 3

1257 EN 1257 EN Supply agreement Tchizat mqavilsi IFRS 3

1258 EN 1258 EN Surety bonds Zamin trflrin zmantlri IFRS 4

1259 EN 1259 EN Surrender option Sorta polisindn imtinaya IFRS 4

qar zmant
1260 EN 1260 EN Surrender values Sorta polisindn imtina IFRS 4

edn xs dnilmli olan

mbllr
1261 EN 1261 EN Swap contract Svop mqavilsi KT

1262 EN 1262 EN Swaption Svop zr opsion IAS 39

1263 EN 1263 EN Syndication Zmant sindikat KT

1264 EN 1264 EN Synthetic instrument Sintetik alt IAS 32

1265 EN 1265 EN Tainting Korlanma IFRS 1 IG

1266 EN 1266 EN Take-or-pay contract "Satn al ya da beh ver" IFRIC 4

mqavilsi

1267 EN 1267 EN Tangible asset Maddi aktivlr KT

1268 EN 1268 EN Tangible fixed asset Maddi uzunmddtli aktivlr IFRS 3 BC

1269 EN 1269 EN Targeted exemptions Hdf seilmi azadolmalar IFRS 1

1270 EN 1270 EN Tax Vergi KT

1271 EN 1271 EN Tax base Vergi bazas KT

1272 EN 1272 EN Tax base of an asset or liability Aktivin v ya hdliyin vergi KT

bazas
1273 EN 1273 EN Tax benefit Vergi gzti IFRS 3

1274 EN 1274 EN Tax effects Vergi nticlri IAS 21

1275 EN 1275 EN Tax expense (tax income) Vergi xrci (vergi gliri) KT

1276 EN 1276 EN Tax jurisdiction Vergi qanunvericiliyi IFRS 3

1277 EN 1277 EN Tax liability Vergi hdliyi IFRS 1

1278 EN 1278 EN Tax purposes Vergi mqsdlri IFRS 1

1279 EN 1279 EN Tax rate Vergi drcsi IFRS 1

1280 EN 1280 EN Taxable profit (tax loss) Vergi mnfti (vergi zrri) KT

1281 EN 1281 EN Taxable temporary difference Vergi tutulan mvqqti KT

frqlr

1282 EN 1282 EN Taxation Vergitutma IFRS 3

1283 EN 1283 EN Technical feasibility and Mineral resurs hasilatnn IFRS 6

commercial viability of extracting a texniki mmknly v

mineral resource kommersiya faydall

1284 EN 1284 EN Temporary difference Mvqqti frqlr KT

1285 EN 1285 EN Tender offer Tender tklifi IAS 33

1286 EN 1286 EN Termination benefits dn xma mavintlri KT

1287 EN 1287 EN Tests goodwill for impairment Qudvilin qiymtdn dm IFRS 1

zr testdn keirilm

1288 EN 1288 EN The Effects of Changes in Foreign Xarici valyuta mznnlrind IAS 21

Exchange Rates dyiikliklrin tsiri

1289 EN 1289 EN Theoretical ex-rights value per Nzri baxmdan hr shm IAS 33

share dn hquqsuz shmlrin

dyri
1290 EN 1290 EN Time-weighting factor Zaman ls amili IAS 33

1291 EN 1291 EN to 'manufacture' gains glir yaratmaq IAS 16

1292 EN 1292 EN Top-down test Azalan sviyy zr testdn KT

keirilm
1293 EN 1293 EN Total return swap Mcmu glir svopu IAS 39

1294 EN 1294 EN Trade date mliyyat tarixi KT

1295 EN 1295 EN Trade date accounting mliyyat tarixi zr uot IAS 39

1296 EN 1296 EN Trade receivable Sat zr debitor borclar KT

1297 EN 1297 #REF! Trade secret Kommersiya sirri IFRS 3

1299 EN 1299 EN trading gains and losses Sat zr sair glir v IFRS 7 IG

zrrlr
1300 EN 1300 EN Transaction mliyyat KT

1301 EN 1301 EN Transaction costs (financial mliyyat xrclri (maliyy KT

instruments) altlri)

1302 EN 1302 EN Transaction price Razlama qiymti IFRS 7

1303 EN 1303 EN Transfer Krm KT

1304 EN 1304 EN Transferee Krm zaman ld edn KT

1305 EN 1305 EN Transferor Krm edn KT

1306 EN 1306 EN Transitional liability (defined Myyn edilmi dnilr KT

benefit plans) sasn pensiya plan zr

keid hdliyi

1307 EN 1307 EN Translation difference Keid (evrilm) frqlri IFRS 1

1308 EN 1308 EN Translation method Keid (evrilm) metodu IAS 21

1309 EN 1309 EN Translation of foreign currency Xarici valyutann evrilmsi KT

(mbadilsi)
1310 EN 1310 EN translation of the financial Maliyy hesabatlarnn keidi IAS 12 / IAS 38

statements

1311 EN 1311 EN translation to the presentation tqdimat valyutasna keid IAS 21

currency
1312 EN 1312 EN Transparency ffaflq IFRS 1

1313 EN 1313 EN Treasury shares Xzin shmlri KT

1314 EN 1314 EN Triggering event Sbb olan hadis IFRS 4

1315 EN 1315 EN Trust activities Trast faliyytlri KT

1316 EN 1316 EN Trustee Etibar edilmi xs (qyyum) KT

1317 EN 1317 EN Two-class ordinary shares kisinifli adi shmlr IAS 33

1318 EN 1318 EN Ultimate controlling party Son nzart ediln mssis IAS 24

1319 EN 1319 EN Unallocated surplus Bldrlmmi lav IFRS 4

kapital
1320 EN 1320 EN Unamortised Amortizasiya olunmam KT

1321 EN 1321 EN Unbundle Komponentlrin ayrlqda IFRS 4

uota alnmas
1322 EN 1322 EN uncertain event qeyri-myyn hadis IFRS 4

1323 EN 1323 EN Uncollectability Yla bilmm KT

1324 EN 1324 EN Unconditional prohibitions Qeyd-rtsiz qadaalar IFRIC 2

1325 EN 1325 EN Unconditional right to refuse Qeyd-rtsiz dmdn IFRIC 2

redemption imtina etm hququ

1326 EN 1326 EN Underlying asset sas aktiv IFRIC 4

1327 EN 1327 EN Underlying variable Bazis dyin IAS 32

1328 EN 1328 EN Understandability Anlaqlq KT

1329 EN 1329 EN underwriting year anderraytinq ili IFRS 4

1330 EN 1330 EN undistributed earnings bldrlmmi mnft IAS 33

1331 EN 1331 EN undrawn loan commitment istifad edilmmi kredit xtti IFRS 7B

1332 EN 1332 EN Undue cost or effort Smrsiz msrf v ya iin IFRS 1

hcmi

1333 EN 1333 EN Unearned finance income Qazanlmam maliyy gliri KT

1334 EN 1334 EN Unearned premiums Qazanlmam (qaytarlan) IFRS 4

sorta mkafatlar
1335 EN 1335 EN Unguaranteed residual value Zmantsiz son qalq dyri KT

1336 EN 1336 EN Uniform accounting policies Vahid uot siyastlri IAS 28

1337 EN 1337 EN Unit of account Hesablama vahidi IFRIC 4

1338 EN 1338 EN Unit of production Mhsul vahidi IAS 2

1339 EN 1339 EN Unit trust Pay (investisiya) trast IAS 27

1340 EN 1340 EN Unit value Mhsul vahidinin dyri IFRS 4

1341 EN 1341 EN Uniting of interests Maraqlarn birldirilmsi KT

1342 EN 1342 EN Unit-linking feature Vahidlri birldirm IFRS 7

xsusiyyti

1343 EN 1343 EN Unquoted Kotirovka olunmayan KT

1344 EN 1344 EN Unquoted equity instruments Kotirovka olunmayan pay IAS 32

altlri

1345 EN 1345 EN Unrecognised Tannmayan IFRS 3

1346 EN 1346 EN Unrecognised financial Tannmayan maliyy altlri IAS 32

instruments

1347 EN 1347 EN Unsecured commercial loans Tmin edilmmi (girovsuz) IFRS 7 IG

kommersiya kreditlri

1348 EN 1348 EN Upstream transactions Aa sviyydn yuxar KT

sviyyy mliyyatlar
1349 EN 1349 EN Useful life Faydal istifad mddti KT

1350 EN 1350 EN User [of financial statements] (maliyy hesabatlarnn) KT

istifadi(si)
1351 EN 1351 EN Users stifadilr IAS 40

1352 EN 1352 EN Users of financial statements Maliyy hesabatlarnn IFRS 1

istifadilri

1353 EN 1353 EN Valid expectation Qanuna uyun gzlnti KT

1354 EN 1354 EN Valuation Qiymtlndirm IFRS 3

1355 EN 1355 EN Valuation method Qiymtlndirm metodu IFRS 3

1356 EN 1356 EN Valuation technique Qiymtlndirm texnikas IAS 32

1357 EN 1357 EN Value added statement lav dyr haqqnda KT

hesabat
1358 EN 1358 EN Value in use stifad dyri KT

1359 EN 1359 EN Value-at-risk Risk mbli IFRS 7

1360 EN 1360 EN Variable production overheads Dyin istehsal qaim KT

msrflri
1361 EN 1361 EN Venturer Sahibkar KT

1362 EN 1362 EN Vest Hququn verilmsi IFRS 2

1363 EN 1363 EN Vested employee benefits Zmantli ii KT

mkafatlandrmalar
1364 EN 1364 EN Vesting conditions Hququn verilmsi n IFRS 2

rtlr

1365 EN 1365 EN Vesting period Hququn verildiyi dvr IFRS 2

1366 EN 1366 EN Voting rights Ssverm hquqlar IFRS 3

1367 EN 1367 EN Warrant Varrant KT

1368 EN 1368 EN Warranty Zmant KT

1369 EN 1369 EN Warranty obligation Zmant hdliyi IFRIC 4

1370 EN 1370 EN Wash sale Saxta svdlm (shmlrin IAS 39

saxta alq-satqs)

1371 EN 1371 EN Wear and tear Fiziki anma IAS 16

1372 EN 1372 EN Weather derivatives Tbii raitdn asl olaraq IFRS 4

dni tlb edn trm

altlr
1373 EN 1373 EN Weighted Average kili orta IAS 33

1374 EN 1374 EN Weighted average cost formula Orta kili dyr dsturu IAS 2

1375 EN 1375 EN Wholly-owned subsidiary Tam mlkiyytd olan trm IAS 27

mssis

1376 EN 1376 EN Willing parties Razla glmi trflr IFRS 5

1377 EN 1377 EN Work in progress Bitmmi istehsal IAS 2

1378 EN 1378 EN Working capital Dvriyy kapital KT

1379 EN 1379 EN Worst-case scenario n xoaglmz vziyyt IFRS 7B

1380 EN 1380 EN write off (hesabdan) silm IFRS 7B

1381 EN 1381 EN Write-down Silm IAS 2

1382 EN 1382 EN Written option Yazl opsion IFRS 1

1383 EN 1383 EN Year-to-date lin vvlindn cari tarixdk IAS 33

1384 EN 1384 EN Zero-cost interest rate collar Zrrsiz kollar IFRS 7 IG

1385 EN 1385 EN Zero-coupon government issues Sfr kuponlu xzin IFRS 2

emissiyas (sfr kuponlu

dvlt qiymtli kazlarnn
emissiyas)
1386 EN 1386 EN public-to-private service "dvltdn zl" xidmt zr IFRIC 12

concession arrangement konsessiya mqavilsi

1387 EN 1387 EN aggregation criteria Birlm meyar IFRS 8 BC

1388 EN 1388 EN build-operate-transfer tik-ilt-kr IFRIC 12

1389 EN 1389 EN capping mechanism qiymtin yuxar hddinin IFRIC 12 AG

myynldirilmsi
mexanizmi
1390 EN 1390 EN Chief operating decision maker Ba qrar qbul edici IFRS 8

1391 EN 1391 EN Competitive harm exemption Rqabtli zrrdn IFRS 8 BC

azadolmalar
1392 EN 1392 EN construction or upgrade services Tikm v tkmilldirm IFRIC 12

xidmtlri

1393 EN 1393 EN conversion factor konversiya msal IFRIC 7 IE

1394 EN 1394 EN country of domicile Daimi faliyyt gstrdiyi lk IFRS 8 BC

1395 EN 1395 EN Deferred policy acquisition costs Txir salnm ld etm IFRS 8 BC

xrclri

1396 EN 1396 EN Fiduciary capacity Fidusiar vziyyti IFRS 8 BC

1397 EN 1397 EN Grantor Subsidiya vern IFRIC 12

1398 EN 1398 EN Group and Treasury Share Qrupa v znmxsus IFRIC 11

Transactions shmlrl mliyyatlar

1399 EN 1399 EN Historical waste Tarixi tullant IFRIC 6

1400 EN 1400 EN Interim Financial Reporting and Aralq Maliyy Hesabatlar v IFRIC 10

Impairment Qiymtdndm
1401 EN 1401 EN Intragroup payment arrangement Qrupdaxili dni razlamas IFRIC 11

1402 EN 1402 EN Level of serviceability stifady yararllq sviyysi IFRIC 12

1403 EN 1403 EN Liabilities arising from Xsusi bazarda itirakdan IFRIC 6

Participating in a Specific Market yaranan hdliklr -

Waste Electrical and Electronic tullantlarn knarladrlmas
Equipment n elektrik v elektron
avadanlq
1404 EN 1404 EN management approach idaretm yanamas IFRS 8 BC

(konsepsiyas)

1405 EN 1405 EN Matrix form of organisation Tkilatn matrisa formas IFRS 8 BC

1406 EN 1406 EN Non-cash items Qeyri-pul maddlri IFRS 8

1407 EN 1407 EN Not-for-profit organizations Qeyri-kommersiya tkilatlar IFRS 8 BC

1408 EN 1408 EN Operating decisions mliyyat qrarlar IFRS 8

1409 EN 1409 EN Operating Segments mliyyat seqmentlri IFRS 8 App A

1410 EN 1410 EN Operator mliyyat IFRIC 12

1411 EN 1411 EN Public accountability ctimai hesabatllq IFRS 8 BC

1412 EN 1412 EN Public sector Dvlt (ictimai) sektoru IFRIC 12

1413 EN 1413 EN Publish What You Pay campaign "n ddins, drc et" IFRS 8 BC

kappaniyas

1414 EN 1414 EN quantitative thresholds kmiyyt hdudlar IFRS 8 BC

1415 EN 1415 EN Reassessment of Embedded Asl trm altlrin yenidn IFRIC 9

Derivatives qiymtlndirilmsi

1416 EN 1416 EN Rehabilitate-operate-transfer Brpa et-ilt-kr IFRIC 12

1417 EN 1417 EN restricted shares mhdud hquqlu shmlr IFRIC 8

1418 EN 1418 EN Risk of divergence Uyunsuzluq (frqlilik) riski IFRIC 9 BC

1419 EN 1419 EN Segment manager Seqment idaredicisi IFRS 8

1420 EN 1420 EN Service Concession Arrangement Xidmt zr konsessiya IFRIC 12

mqavilsi
1421 EN 1421 EN Surrogate measure vzlyicilik ls (meyar) IFRIC 8 BC

1422 EN 1422 EN Whole of life infrastructure Tam hyat infrastrukturu IFRIC 12 BC

1423 EN 1423 EN Customer loyalty programmes Mtri loyall proqramlar IFRIC 13

1424 EN 1424 EN Incentives Stimullar IFRIC 13

1425 EN 1425 EN Award credits Mkafat (bonus) xallar IFRIC 13

1426 EN 1426 EN Consensus mumi razlq IFRIC 13

1427 EN 1427 EN Judgement Mhakim IFRIC 13 App AG

1428 EN 1428 EN Accounting arbitrage Uot arbitraj IFRIC 13 BC

1429 EN 1429 EN allocation method xrclrin bldrlmsi IFRIC 13 BC

metodu
1430 EN 1430 EN customer relationship intangible mtrilrl qarlql IFRIC 13 BC

assets mnasibtlr zr qeyri-

maddi aktivlr
1431 EN 1431 EN The Limit on a Defined Benefit Tsbit edilmi glirli aktiv zr IFRIC 14

Asset, Minimum Funding mhdudiyyt, minimum

Requirements and their maliyyldirm tlblri v
Interaction onlarn qarlql laqsi
1432 EN 1432 EN Minimum funding requirement Minimum maliyyldirm IFRIC 14

tlbi

1433 EN 1433 EN Refund or a reduction in future Mblin geri qaytarlmas v IFRIC 14

contributions ya glck dnilrd

azalma

1434 EN 1434 EN Surplus in the plan Planda artm IFRIC 14

1435 EN 1435 EN Minimum funding contributions Minimum maliyyldirm IFRIC 14

dnilri (qoyulular)

1436 EN 1436 EN Wind-up Balanma IFRIC 14 BC

1437 EN 1437 EN Onerous minimum funding Ar rtli minimum IFRIC 14 BC

requirements maliyyldirm tlblri

1438 EN 1438 EN Other comprehensive income Sair mcmu glir IAS 1 revised
(Definitions)

1439 EN 1439 EN Total comprehensive income Cmi mcmu glir IAS 1 revised

1440 EN 1440 EN Reclassification adjustments Yenidn tsnifldirm IAS 1 revised

dzlilri
1441 EN 1441 EN statement of financial position maliyy vziyyti haqqnda IAS 1 revised

hesabat
1442 EN 1442 EN statement of comprehensive mcmu glir haqqnda IAS 1 revised

income hesabat

1443 EN 1443 EN End of the reporting period Hesabat dvrnn sonu IAS 1 revised App A

1444 EN 1444 EN Owner Sahibkar IAS 1 revised App A

1445 EN 1445 EN complete set of financial maliyy hesabatlarnn tam IAS 1 revised App A

statements dsti

1446 EN 1446 EN debt-to-adjusted capital ratio borcun dzli edilmi IAS 1 revised IG

kapitala nisbti msal

1447 EN 1447 EN Owner changes in equity Shmdarlarla mliyyatlardan IAS 1 revised

kapitalda dyiikliklr

1448 EN 1448 EN Non-owner changes in equity Kapitalda shmdarla bal IAS 1 revised

olmayan dyiikliklr

1449 EN 1449 EN General purpose financial mumi tyinatl maliyy IAS 1 revised

statements hesabatlar

1450 EN 1450 EN equal prominence eyni hmiyytlilikl IAS 1 revised

1451 EN 1451 EN Other components of equity Kapitaln digr trkib hisslri IAS 1 revised IG

1452 EN 1452 EN property revaluation mlakn yenidn IAS 1 revised IG

qiymtlndirilmsi
1453 EN 1453 EN ld etm metodu
acquisition method IFRS 3 revised

1454 EN 1454 EN rti kompensasiya

Contingent consideration IFRS 3 revised

1455 EN 1455 EN defisit saldo

deficit balance IAS 27 revised

1456 EN 1456 EN vasitilrin komisyon

haqqlar
finders fees IFRS 3 revised

1457 EN 1457 EN kemi trm cmiyyt

former subsidiary IAS 27 revised

1458 EN 1458 EN Kompensasiya aktivlri

Indemnification assets IFRS 3 revised

1459 EN 1459 EN Qalan investisiya (khn

Investment retained trm cmiyytd) IAS 27 revised

1460 EN 1460 EN oxar mliyyatlar v oxar

vziyytlrd hadislr

like transactions and events in

similar circumstances IAS 27 revised

1461 EN 1461 EN nzartin itirilmsi

loss of control IAS 27 revised

1462 EN 1462 EN oxtrfli razlamalar

Multiple arrangements IAS 27 revised

1463 EN 1463 EN Nzartetm hququ olmayan

paylar
Non-controlling interests IAS 27 revised

1464 EN 1464 EN Nzartin ld edilmsi v ya

itirilmsi
Obtaining or losing control IAS 27 revised
1465 EN 1465 EN Shmdarlar

Owners IFRS 3 revised, IAS 1

1466 EN 1466 EN Partial disposal Hiss-hiss silinm IAS 27 revised

1467 EN 1467 EN yenidn ld edilmi hquqlar

reacquired rights IFRS 3 revised

1468 EN 1468 EN shm sasnda dni

mkafatlar
share-based payment awards IFRS 3 revised

1469 EN 1469 EN Puttable Financial Instruments Qaytarla biln maliyy altlri Amendm. IAS32 and
IAS 1
and Obligations Arising on v lvetmdn yaranan
Liquidation hdliklr
1470 EN 1470 EN Pro rata share of the net assets Xalis aktivlrin mtnasib Amendm. IAS32 and
IAS 1
pay

1471 EN 1471 EN Non-puttable ordinary shares Qaytarla bilmyn adi Amendm. IAS32 and
IAS 1
shmlr

1472 EN 1472 EN Cost of an Investment in a Trm cmiyyt, birg Amendm. IFRS 1 and
IAS 27
Subsidiary, Jointly Controlled nzart ediln quruma v ya
Entity or Associate asl tsrrfat cmiyytin
investisiyann dyri
1473 EN 1473 EN Plan to sell the controlling interest Trm mssisnin nzart Improvements to
IFRS
in a subsidiary shm paketini satmaq plan

1474 EN 1474 EN Measurement of change Dyiikliyin llmsi Improvements to

IFRS (IAS 41)

1475 EN 1475 EN Hedges of a Net Investment in a Xaricd ba vern mliyyata IFRIC 16 (hedges of a
net investment in a
Foreign Operation xalis investisiyann hedcinqlri foreign operation)

1476 EN 1476 EN Intermediate or ultimate parent Aralq v ya son sas qurum IFRIC 16 (hedges of a
net investment in a
entity foreign operation)

1477 EN 1477 EN foreign currency translation xarici valyutann evrilmsi IFRIC 16 (hedges of a
net investment in a
reserve (FCTR) (mbadilsi) zr ehtiyat foreign operation)

fondu
1478 EN 1478 EN lower level parent aa sviyy nzart edn IFRIC 16 (hedges of a
net investment in a
qurum foreign operation)

1479 EN 1479 EN Higher level parent entity Yuxar sviyy nzart edn IFRIC 16 (hedges of a
net investment in a
qurum foreign operation)

1480 EN 1480 EN step-by-step method addm-ba-addm metodu IFRIC 16 (hedges of a

net investment in a
foreign operation)

1481 EN 1481 EN Spot foreign exchange risk Xarici valyuta zr spot IFRIC 16 (hedges of a
net investment in a
mznn riski foreign operation)

1482 EN 1482 EN Agreements for the Construction Danmaz mlakn tikintisi IFRIC 15 (Agreements
for the construction
of Real Estate zr mqavillr of real estate)

1483 EN 1483 EN to market individual units 'off plan' ayr-ayr vahidlri IFRIC 15 (Agreement
for the construction
"plandanknar" satmaq of real estate)

1484 EN 1484 EN contractual completion mqavil zr baa atdrma IFRIC 15 (Agreement

for the construction
of real estate)

1485 EN 1485 EN accounting for revenue and glirin v laqdar xrclrin IFRIC 15 (Agreement
for the construction
associated expenses uotu of real estate)

1486 EN 1486 EN agreements in progress davam edn mqavillr IFRIC 15 (Agreement

for the construction
of real estate)

1487 EN 1487 EN Eligible Hedged Items Hedcinq edilmi mnasib Amend to IAS 39
Eligible Hedge Items
maddlr
1488 EN 1488 EN Purchased option hedging Satn alnm opsion zr Amend to IAS 39
Eligible Hedge Items
instrument hedcinq alti

1489 EN 1489 EN Distributions of Non-cash Assets Qeyri-pul aktivlrinin IFRIC 17

to Owners shmdarlar arasnda

bldrlmsi
1490 EN 1490 EN Non-cash assets Qeyri-nad aktivlr IFRIC 17
1491 EN 1491 EN cash alternative nad pul vsaitinin alternativi IFRIC 17

1492 EN 1492 EN Non-reciprocal distributions of Aktivlrin qarlql olmayan IFRIC 17

assets bldrlmsi

1493 EN 1493 EN non-current assets (or disposal shmdarlara bldrmk IFRIC 17

groups) as held for distribution to n saxlanlan uzunmddtli

owners aktivlr (v ya xaric olunma
qruplar)

1494 EN 1494 EN adjusting event after the reporting Maliyy hesabatlarna dzli IAS 1

period edilmsini tlb edn hesabat

dvrndn sonrak hadis

1495 EN 1495 EN amounts recognised [in the tannm mbllr (maliyy IAS 1

statement of financial position or vziyyti haqqnda hesabatda

in the statement of comprehensive v ya mcmu glir haqqnda
income] hesabatda)
1496 EN 1496 EN End of reporting period Hesabat dvrnn sonu IAS 1

1497 EN 1497 EN Class of financial assets Maliyy aktivlri sinfi IFRS 7

1498 EN 1498 EN by class of financial asset maliyy aktivi sinfi zr IFRS 7

1499 EN 1499 EN Comparative statement of Mqayisli maliyy vziyyti IAS 1

financial position haqqnda hesabat

1500 EN 1500 EN consolidated statement of birldirilmi (konsolid IAS 1

financial position edilmi) maliyy vziyyti

haqqnda hesabat
1501 EN 1501 EN For consolidation purposes Birldirm (konsolidasiya) IAS 27

mqsdlri n

1502 EN 1502 EN Control (of an entity) Nzart (quruma) IAS 28

1503 EN 1503 EN Discounted basis (on a) Diskontladrlm sasda IAS 12

(zr)
1504 EN 1504 EN Events after the reporting period Hesabat dvrndn sonrak IAS 1, IAS 10

hadislr

1505 EN 1505 EN investment entity investisiya qurumu IAS 7

1506 EN 1506 EN Non-adjusting event after the Dzli edilmsini tlb IAS 1

reporting period etmyn hesabat dvrndn

sonrak hadislr
1507 EN 1507 EN Opening IFRS statement of MHBS-a uyun ilk maliyy IAS 1

financial position vziyyti haqqnda hesabat

1508 EN 1508 #REF! Performance Faliyytinin nticlri IAS 18

1510 EN 1510 EN Reformatted Yenidn formatladrlm IFRS 8

1511 EN 1511 EN Revised Dzli edilmi

1512 EN 1512 EN segment profit or loss seqment mnfti v ya zrri IFRS 8

1513 EN 1513 #REF! entities whose debt or equity borc qiymtli kazlar v ya IFRS 8

securities are publicly traded itirak pay qiymtli kazlar

aq kild alnb-satlan
qurumlar
1515 EN 1515 EN Non-discretionary Qeyri-srbst IAS 33.35

1516 EN 1516 EN Transfers of Assets from Mtrilrdn aktivlrin IFRIC 18

Customers krlmsi
1517 EN 1517 EN Outsourcing provider Autsorsinq (knar resurslarn IFRIC 18

clb edilmsi) xidmti

gstrn
1518 EN 1518 EN Ongoing access Davam edn giri (istifad) IFRIC 18

hququ

1519 EN 1519 EN assessing control nzartin qiymtlndirilmsi IFRIC 18

1520 EN 1520 EN Financial Instruments: Maliyy altlri: Tqdimat IAS 32

Presentation
1521 EN 1521 EN Group Cash-settled Share-based Qrup zr nad hesablalan IFRS 2
Payment Transactions shm sasnda dni amendments
mliyyatlar
1522 EN 1522 EN Additional Exemptions for First- lk df ttbiq ednlr lav IFRS 1
time Adopters gztlr amendments
1523 EN 1523 EN Accounting policies Uot siyastlri Glossary

1524 EN 1524 EN Cash flows Pul vsaitlrinin hrkti Glossary

1525 EN 1525 EN Change in accounting estimate Uot qiymtlndirmlrind Glossary

dyiikliklr
1526 EN 1526 EN Class of financial instruments Maliyy altlri sinfi Glossary

1527 EN 1527 EN Compensation Kompensasiya Glossary

1528 EN 1528 EN Component of an entity Qurumun komponenti Glossary

1529 EN 1529 EN Compound financial instrument Mrkkb maliyy alti Glossary

1530 EN 1530 EN Contingently issuable ordinary rti buraxla biln adi Glossary

shares shmlr
1531 EN 1531 EN Fair value less costs to sell Sat xrclri xlmaqla Glossary

daltli dyr
1532 EN 1532 EN Financial guarantee contract Maliyy tminat mqavilsi Glossary

1533 EN 1533 EN First IFRS reporting period Maliyy Hesabatlarnn Glossary

Beynlxalq Standartlarnn ilk

df ttbiq olunduu hesabat
dvr
1534 EN 1534 EN Funding (of post-employment Maliyyldirm (mk Glossary

benefits) faliyytinin baa

atmasndan sonrak
mkafatlandrmalar zr)
1535 EN 1535 EN Funding (of retirement benefits) Maliyyldirm (pensiya Glossary

tminat zr)
1536 EN 1536 EN Guaranteed benefits Tmin edilmi sorta haqqlar Glossary

1537 EN 1537 EN Guaranteed element Tmin edilmi element Glossary

1538 EN 1538 EN Identifiable Myyn edil biln Glossary

1539 EN 1539 EN Incremental borrowing rate of (icarinin) borc kapital zr Glossary

interest (lessees) marjinal faiz drcsi

1540 EN 1540 EN Liability adequacy test hdliklrin adekvatlnn Glossary

testdn keirilmsi

1541 EN 1541 EN Material hmiyytli Glossary

1542 EN 1542 EN Monetary items Monetar maddlr Glossary

1543 EN 1543 EN Net assets available for benefits Pensiya tminat plannn Glossary

xalis aktivlri
1544 EN 1544 EN Options, warrants and their Opsionlar, varrantlar v Glossary

equivalents onlarn ekvivalentlri

1545 EN 1545 EN Ordinary equity holders Adi shm sahiblri Glossary

1546 EN 1546 EN Profit or loss Mnft v ya zrr Glossary

1547 EN 1547 EN Reinsurance assets Tkrarsorta aktivlri Glossary

1548 EN 1548 EN Retrospective restatement Retrospektiv qaydada Glossary

yenidn tqdim etm

1549 EN 1549 EN State (employee benefit) plan Iilrin mkafatlandrlmas Glossary

zr dvlt plan

1550 EN 1550 EN Vested benefits Zmant verilmi pensiya Glossary

tminat
1551 EN 1551 EN Weighted average number of Hesabat dvr rzind Glossary

ordinary shares outstanding dvriyyd olan adi shmlrin

during the period orta kili say
1552 EN 1552 EN Financial Instruments: Disclosures Maliyy altlri: Mlumatn IFRS 7

aqlanmas
1553 EN 1553 EN Changes in Existing stismardan xarma, brpa IFRIC 1

Decommissioning, Restoration v baqa mvafiq mvcud

and Similar Liabilities hdliklrd dyiikliklr
1554 EN 1554 EN Applying the Restatement "Hiperinflyasiya raitind IFRIC 7

Approach under IAS 29 Financial maliyy hesabatlar" adl 29

Reporting in Hyperinflationary -li MUBS-a sasn yenidn
Economies tqdimetm metodunun
ttbiqi
1555 EN 1555 EN Scope of IFRS 2 MHBS 2-nin ttbiq sahsi IFRIC 8

1556 EN 1556 EN IFRS 2- Group and Treasury 2 -li MHBS - Qrupa v IFRIC 11

Share Transactions Mssisnin zn mxsus

shmlrl mliyyatlar
1557 EN 1557 EN IAS 19- The Limit on a Defined 19 -li MUBS - Tsbit edilmi IFRIC 14

Benefit Asset, Minimum Funding glirli aktiv zr mhdudiyyt,

Requirements and their minimum maliyyldirm
Interaction tlblri v onlarn qarlql
laqsi
1558 EN 1558 EN Classification of Rights Issues Mvcud shmdarlara aa IAS 32 amendments

qiymtl tklif ediln yeni

shmlrin emissiyalarnn
tsnifat
1559 EN 1559 EN Sponsoring employers Maliyyldirn igtrnlr IAS 24

1560 EN 1560 EN Government-related entity Dvlt nzartli qurum IAS 24

1561 EN 1561 EN Time value of money Pulun zaman dyri IFRS 09

1562 EN 1562 EN Accounting mismatch Uot uyunsuzluu IFRS 09

1563 EN 1563 EN Hybrid contract Hibrid mqavil IFRS 09

1564 EN 1564 EN Business model Biznes modeli IFRS 09

1565 EN 1565 EN Reclassification date Yenidn tsnifldirm tarixi IFRS 09

1566 EN 1566 EN Instrument-by-instrument alt-b-alt yanamas IFRS 09

approach

1567 EN 1567 EN Leverage Leveric IFRS 09

1568 EN 1568 EN Recourse loan Reqres hququ il kredit IFRS 09

1569 EN 1569 EN Inverse floating interest rate ksin zn faiz drcsi IFRS 09
1570 EN 1570 EN Measured at fair value through Sair mcmu glir vaistsil IFRS 09

other comprehensive income daltli dyrd llm

1571 EN 1571 EN Extinguishing Financial Liabilities Pay altlri il dniln IFRIC 19

with Equity Instruments maliyy hdliklri

1572 EN 1572 EN Debt for equity swaps Shm zr borc svopu IFRIC 19

1573 EN 1573 EN Prepayments of future Glck haqqlarn Amendment IFRIC 14

contributions qabaqcadan dnii

1574 EN 1574 EN Limited Exemption from lk df ttbiq ednlr n 7 Amendment IFRS 1

Comparative IFRS 7 Disclosures -li MHBS -nin mqayisli

for First-time Adopters mlumat aqlamarndan
mhdud azadolmalar

1575 EN 1575 EN derivative liabilities trm altlr zr hdliklr IFRS9

1576 EN 1576 EN symmetrical approach simmetrik yanama IFRS9

1577 EN 1577 EN derivative assets trm altlr zr aktivlr IFRS9

1578 EN 1578 EN own credit risk z kredit riski IFRS9

1579 EN 1579 EN specifically identified cash flows xsusi myynldirilmi pul IFRS9

vsaitlrinin hrktlri

1580 EN 1580 EN fully proportionate (pro rata) share Pul vsaitlrinin hrktinin IFRS9

of the cash flows tam mtnasib pay

1581 EN 1581 EN group of similar financial assets oxar maliyy aktivlri qrupu IFRS9

1583 EN 1583 EN eventual recipients alan son xslr IFRS9

1584 EN 1584 EN collection date Borclarn ylmas tarixi IFRS9

1585 EN 1585 EN loan sub-participation kreditd subitirak IFRS9

1586 EN 1586 EN servicing asset xidmt aktivi IFRS9

1587 EN 1587 EN servicing liability xidmt hdliyi IFRS9

1588 EN 1588 EN larger financial asset oxhissli maliyy aktivi IFRS9

1589 EN 1589 EN guarantee amount zmant mbli IFRS9

1590 EN 1590 EN non-cash collateral Qeyri-pul girov IFRS9

1591 EN 1591 EN net investment hedge xalis investisiya hedci IFRS9

1592 EN 1592 EN revoke a designation Tyin edilmnin IFRS9

dayandrlmas

1593 EN 1593 EN economic characteristics and risks iqtisadi gstricilr v risklr IFRS9

1594 EN 1594 EN create or enlarge an accounting uot uyunsuzluu yaratmaq IFRS9

mismatch v ya artrmaq
1595 EN 1595 EN financial liability at fair value mnft v ya zrrd daltli IFRS9

through profit or loss dyrl tannan maliyy

hdliyi

1596 EN 1596 EN commitment date hdlik gtrlmsi tarixi IFRS9

1597 EN 1597 EN originator of the financial asset maliyy aktivinin tbbskar IFRS9

1598 EN 1598 EN interest-only strip receivable yalnz faizlr n kupon zr IFRS9

debitor borcu

1599 EN 1599 EN readily obtainable assets asan ld edil biln aktivlr IFRS9

1600 EN 1600 EN removal of accounts provision hesablar zr ehtiyat IFRS9

fondunun silinmsi

1601 EN 1601 EN amortising interest rate swap faiz drcsinin amortizasiya IFRS9

svopu

1602 EN 1602 EN prepayment risk vaxtndan vvl dm riski IFRS9

1603 EN 1603 EN legal release qanunla hdlikdn azad IFRS9

edilm

1604 EN 1604 EN stated or implied substantive qeyd edilmi v ya (qanunla) IFRS9

terms nzrd tutulan sas rtlr

1605 EN 1605 EN beneficiary benefisiar IFRS9

1606 EN 1606 EN guarantor zamin IFRS9

1607 EN 1607 EN current offer price cari tklif qiymti IFRS9

1608 EN 1608 EN Foreign currency exchange prices xarici valyutann birja IFRS9

mznnsi

1609 EN 1609 EN surrender risk dmkdn imtina riski IFRS9

1610 EN 1610 EN servicing costs xidmt xrclri

1611 EN 1611 EN asset-specific performance risk aktiv xas icra riski IFRS9

1612 EN 1612 EN risks and rewards risklr v mkafatlat IFRS9

1614 EN 1614 EN reacquisition provision yenidn ld etm zr IFRS 9 BC

ehtiyat fondu

1615 EN 1615 EN net cash-settled option xalis nad hesablalan IFRS 9 BC

opsion

1616 EN 1616 EN continuing involvement approach davaml itirak (clb edilm) IFRS 9 BC

yanamas
1617 EN 1617 EN transfer of risks and rewards risklr v mkafatlarn IFRS 9 BC

trlmsi

1618 EN 1618 EN transfer of control nzart trlmsi IFRS 9 BC

1619 EN 1619 EN repurchase transactions geri al mliyyat IFRS 9 BC

1620 EN 1620 EN practical ability to sell the asset aktivi satmaq n praktiki IFRS 9 BC

bacarq

1621 EN 1621 EN contractual right to receive the pul vsaitlrinin hrktlrini IFRS 9 BC

cash flows qbul etmk n mqavil

zr hquqlar

1622 EN 1622 EN pass-through arrangement trm razlamas IFRS 9 BC

1623 EN 1623 EN original asset ilkin aktiv IFRS 9 BC

1625 EN 1625 EN mixed attribute approach qarq xsusiyytli yanama IFRS 9 BC

1626 EN 1626 EN basic loan features sas kredit xsusiyytlri IFRS 9 BC

1627 EN 1627 EN managed on a contractual yield mqavil zr glirliliyin IFRS 9 BC

basis hesablanmas bazas

sasnda aparlan

1628 EN 1628 EN originate and hold business "yaratma v saxlama" biznes IFRS 9 BC

model modeli

1629 EN 1629 EN management intentions idar ednlrin niyytlri IFRS 9 BC

1630 EN 1630 EN funded amount maliyyldirilmi mbl IFRS 9 BC

1631 EN 1631 EN waterfall structure lal struturu IFRS 9 BC

1632 EN 1632 EN contractually linked instruments mqavily sasn bir-biril IFRS 9 BC

laqlndirilmi altlr

1633 EN 1633 EN look through nzrdn keirm IFRS 9 BC

1634 EN 1634 EN financial assets acquired at a ba vermi zrrlri ks IFRS 9 BC

discount that reflects incurred etdirn gztli qiymtl

credit losses maliyy aktivlrinin ld
edilmsi
1635 EN 1635 EN three-category approach 3-kateqoriyal yanama IFRS 9 BC

1636 EN 1636 EN originated loan approach yaradlm kredit yanamas IFRS 9 BC

1637 EN 1637 EN outreach programme yardm proqram KT

1638 EN 1638 EN adjusted fair value dzli edilmi daltli dyr IFRS 9 BC
1639 EN 1639 EN frozen credit spread method dondurulmu kredit spredi IFRS 9 BC

metodu

1640 EN 1640 EN bifurcation methodology axlnm metodologiyas IFRS 9 BC

1641 EN 1641 EN full fair value tam daltli dyr IFRS 9 BC

1642 EN 1642 EN prudential supervisors ehtiyatl nzartilr IFRS 9 BC

1643 EN 1643 EN cash instrument hedging nad alt hedcinqi IFRS 9 BC

1644 EN 1644 EN eligibility conditions mnasiblik rtlrin IFRS 9 BC

1645 EN 1645 EN closely related sx laqli IFRS 9 BC

1646 EN 1646 EN embedded prepayment penalties vaxtndan vvl dmy IFRS 9 BC

gr nzrd tutulmu
crimlr
1647 EN 1647 EN disclosure approach aqlanma yanamas IFRS 9 BC

1648 EN 1648 EN one-way reclassification birtrfli yenidn tsnifat IFRS 9 BC

1649 EN 1649 EN repackaging "yenidn qabladrma" IFRS 9 BC

(qiymtli kazlar zr)

1650 EN 1650 EN mid-market price orta bazar qiymti IFRS 9 BC

1651 EN 1651 EN demand amount tlb ediln mbl IFRS 9 BC

1652 EN 1652 EN recycling tkrar istifad IFRS 9 BC

1653 EN 1653 EN two-step approach iki mrhlli yanama IFRS 9 BC

1654 EN 1654 EN one-step approach bir mrhlli yanama IFRS 9 BC

1655 EN 1655 EN back-out qaytarmaq IFRS 9 BC

1656 EN 1656 EN look through approach nzrdn keirm yanamas IFRS 9 BC

1657 EN 1657 EN application guidance ttbiqetm zr gstri IFRS 7

1658 EN 1658 EN bearer biological asset bioloji aktiv daycs IAS 41

1659 EN 1659 EN bond istiqraz IAS 32

1660 EN 1660 EN brand mt nian (brend) IAS 38

1661 EN 1661 EN designation as at fair value mnft v ya zrrd daltli IAS 39

through profit or loss dyrd kimi gstrm

1662 EN 1662 EN fair value gains and losses daltli dyrd IFRS 7

qiymtlndirmdn qazanc v
itkilr
1663 EN 1663 EN held for sale sat n saxlanlan IFRS 5

1664 EN 1664 EN identifiability myyn oluna bilm IFRS 3

1665 EN 1665 EN illustrative example yani misal IAS 36

1666 EN 1666 EN indication of an impairment qiymtdndm gstricisi IAS 36

1667 EN 1667 EN redemption price geri alnma qiymti IAS 32

1668 EN 1668 EN accelerated depreciation srtli amortizasiya ayrmalar IAS 20

allowances

1669 EN 1669 EN accrual accounting assumption hesablama metodu zr uot IAS 20

ehtimal

1670 EN 1670 EN accumulated depreciation ylm amortizasiya IAS 16

1671 EN 1671 EN applicability ttbiq edil bilm IAS 08

1672 EN 1672 EN benefit improvements smrnin artmlar IAS 19

1673 EN 1673 EN borrower borcalan IAS 39

1674 EN 1674 EN capital approach kapital yanamas IAS 20

1675 EN 1675 EN cash flow projections pul vsaitlri hrktlrinin IAS 36

proqnozu

1676 EN 1676 EN commitment fee kredit tqdim etmk hdliyi IAS 18

zr komisyon haqlar
1677 EN 1677 EN components of equity Kapitaln trkib hisslri IAS 01

1678 EN 1678 EN consumer price index istehlak qiymtlri indeksi

1679 EN 1679 EN contractual terms and conditions mqavil zr rtlr v IAS 32

mddalar

1680 EN 1680 EN contributed equity dnilmi shmdar kapital IAS 01

1681 EN 1681 EN cumulative additional depreciation ylan lav amortizasiya IAS 20

1682 EN 1682 EN cumulative interest accreted qeyd alnm ylan faiz IAS 32

1683 EN 1683 EN debt-to-equity ratio borcun kapitala nisbti msal IAS 32

1684 EN 1684 EN deferred income txir salnm glir IAS 12

1685 EN 1685 EN defined benefit plan myyn edilmi dnilr IAS 26

zr pensiya plan

1686 EN 1686 EN deposit account depozit hesab IFRIC 02

1687 EN 1687 EN depreciation expense amortizasiya xrci IFRS 08

1688 EN 1688 EN discontinued operation dayandrlm faliyyt IFRS 5

1689 EN 1689 EN discounted cash flow projections pul vsaitlri hrktlrinin IAS 36

diskontladrlm proqnozu

1690 EN 1690 EN fair value model daltli dyr modeli IAS 40

1691 EN 1691 EN financial instruments puttable at daltli dyrd qaytarla

fair value biln maliyy altlri

1692 EN 1692 EN financial service fees maliyy xidmti haqqlar IAS 18 I.E.

1693 EN 1693 EN foreign currency borrowing xarici valyutada borc alma IAS 23

1694 EN 1694 EN foreign exchange differences mznn frqlri IAS 29

1695 EN 1695 EN incremental costs marjinal xrclr IFRS 5

1696 EN 1696 EN intragroup transaction qrupdaxili mliyyat IAS 39

1697 EN 1697 EN loss sharing arrangement zrrin bldrlmsi zr IAS 32

svdlmlr

1698 EN 1698 EN non-controlling interest Nzart hququ olamayan IAS 27

pay
1699 EN 1699 EN non-current liabilities uzunmddtli hdliklr IAS 1

1700 EN 1700 EN non-depreciable assets amortizasiya olunmayan IAS 20

aktivlr

1701 EN 1701 EN redemption amount geri alnma mbli IFRS 9

1702 EN 1702 EN unitholder pay trastnda investisiyas IAS 1

olan xs

1703 EN 1703 EN Improvements to IFRSs MHBS-lara tkmilldirmlr title

1704 EN 1704 EN Artistic-related intangible assets ncsntl bal qeyri-maddi IFRS 3 IE

aktivlr

1705 EN 1705 EN Marketing-related intangible Marketinql bal qeyri-maddi IFRS 3 IE

assets aktivlr

1706 EN 1706 EN Contract-based intangible assets Mqavily sasn qeyri- IFRS 3 IE

maddi aktivlr

1707 EN 1707 EN replacement award yerdyim mkfatlar IFRS 3 IE

1708 EN 1708 EN accounting acquiree satn alnan mssisni uota IFRS 3 IE

alan

1709 EN 1709 EN contractual-legal criterion mqavil zr qanuni meyar IFRS 3 IE

1710 EN 1710 EN separability criterion bln bilm meyar IFRS 3 IE

1711 EN 1711 EN contingent consideration rti dni mqavilsi IFRS 3 BC

arrangement

1712 EN 1712 EN shadow accounting klg mhasibat uotu IFRS 4

1713 EN 1713 EN claims development iddialarn inkiaf IFRS 4 BC

1714 EN 1714 EN income statement liability method mnft v ya zrr haqqnda IAS 12

hesabat zr hdlik metodu

1715 EN 1715 EN venture capital organisation venur kapitall mssislr IAS 27

1716 EN 1716 EN forward purchase contract forvard al mqavilsi IAS 33

1717 EN 1717 EN principal amount sas mbl IAS 39 IG

1718 EN 1718 EN stepped interest mrhllrl dyin faiz IAS 39 IG

1719 EN 1719 EN foreign currency derivative xarici valyutada trm alt IAS 39 IG

1720 EN 1720 EN spot rate spot mznn IAS 39 IG

1721 EN 1721 EN forward coupon rate forvard kupon faiz drcsi IAS 39 IG

1722 EN 1722 EN risk-free interest rate risksiz faiz drcsi IFRS 2

1723 EN 1723 EN non-public entities qeyri-dvlt qurumlar IAS 27

1724 EN 1724 EN post-acquisition retained earnings satnalmadan sonra IAS 27 BC

bldrlmmi mnft

1725 EN 1725 EN request for views ry bildirm n mracit IAS 27BC

1726 EN 1726 EN Investments in Associates and Asl tsrrfat cmiyytlrin IAS 28

Joint Ventures v Birg mssislr

investisiyalar
1727 EN 1727 EN joint arrangement birg faliyyt IAS 28
1728 EN 1728 EN off balance sheet vehicles balansdan knar xsusi IFRS 10

nzart ediln mssislr

1729 EN 1729 EN returns daxilolmalar IFRS 10

1730 EN 1730 EN control of an investee investisiya obyekti zrind IFRS 10

nzart

1731 EN 1731 EN power slahiyyt IFRS 10

1732 EN 1732 EN protective rights mdafi hquqlar IFRS 10

1733 EN 1733 EN removal rights idn knarladrma IFRS 10

hquqlar
1734 EN 1734 EN relevant activities hmiyytli faliyytlr IFRS 10

1735 EN 1735 EN to outvote the investor investor zrind ss IFRS 10

stnly ld etmk

1736 EN 1736 EN decision-making rights qrar verm hquqlar IFRS 10

1737 EN 1737 EN asset manager aktivi idar edn IFRS 10

1738 EN 1738 EN fund manager fond menecerii (idaredicisi) IFRS 10

1739 EN 1739 EN conduit trc tkilat IFRS 10

1740 EN 1740 EN agent agent IFRS 10

1741 EN 1741 EN principal rhbr IFRS 10

1742 EN 1742 EN structured entity strukturladrlm qurum IFRS 10 BC

1743 EN 1743 EN reputational risk reputasiya riski IFRS 10 BC

1744 EN 1744 EN ability model bacarq modeli IFRS 10 BC

1745 EN 1745 EN agency relationship agentlik laqsi IFRS 10 BC

1746 EN 1746 EN Joint Arrangements Birg razlamalar IFRS 11

1747 EN 1747 EN joint operation birg mliyyat IFRS 11

1748 EN 1748 EN joint operator birg mliyyat IFRS 11

1749 EN 1749 EN joint venturer birg mssisd pay olan IFRS 11

xs
1750 EN 1750 EN party to a joint arrangement birg faliyytd itirak edn IFRS 11

trf

1751 EN 1751 EN separate vehicle frdi nzart ediln mssis IFRS 11

1752 EN 1752 EN decision-making process qrar qbulu prosesi IFRS 11

1753 EN 1753 EN joint asset birg aktiv IFRS 11 BC

1754 EN 1754 EN framework agreement riv razlamas IFRS 11 IE

1755 EN 1755 EN Disclosure of Interests in Other Digr mssislrd itirak IFRS 12

Entities paylarnn aqlanmas

1756 EN 1756 EN income from a structured entity strukturladrlm qurumdan IFRS 12

glir

1757 EN 1757 EN interest in another entity digr bir qurumda itirak pay IFRS 12

1758 EN 1758 EN significant restrictions hmiyytli mhdudiyytlr IFRS 12

1759 EN 1759 EN credit default swap kredit hdliklrindn imtina IFRS 12

zr svop

1760 EN 1760 EN litigation risk mhkm prosesi riski IFRS 12 BC

1761 EN 1761 EN variable interest entity (VIE) dyikn kild idar olunan IFRS 12 BC

qurum

1762 EN 1762 EN cost approach xrc metodu IFRS 13

1763 EN 1763 EN entry price giri qiymti IFRS 13

1764 EN 1764 EN exit price x qiymti IFRS 13

1765 EN 1765 EN expected cash flow pul vsaitlrinin gzlniln IFRS 13

hrkti
1766 EN 1766 EN highest and best use n ox v n yax istifad IFRS 13

1767 EN 1767 EN inputs xrclr IFRS 13

1768 EN 1768 EN Level 1 inputs 1-ci sviyy mlumatlar IFRS 13

1769 EN 1769 EN Level 2 inputs 2-ci sviyy mlumatlar IFRS 13

1770 EN 1770 EN Level 3 inputs 3-c sviyy mlumatlar IFRS 13

1771 EN 1771 EN market approach bazar metodu IFRS 13

1772 EN 1772 EN market-corroborated inputs bazarda tsdiqini tapm IFRS 13

mlumatlar
1773 EN 1773 EN market participants bazar itiraklar IFRS 13

1774 EN 1774 EN most advantageous market n lverili bazar IFRS 13

1775 EN 1775 EN non-performance risk icra etmm riski IFRS 13

1776 EN 1776 EN observable inputs mahid edil biln IFRS 13

mlumatlar

1777 EN 1777 EN orderly transaction qaydaya salnm mliyyat IFRS 13

1778 EN 1778 EN principal market sas bazar IFRS 13

1779 EN 1779 EN risk premium risk mkafat IFRS 13

1780 EN 1780 EN transport costs nqliyyat xrclri IFRS 13

1781 EN 1781 EN unobservable inputs mahid edil bilmyn IFRS 13

mlumatlar

1782 EN 1782 EN progress inkiaf Glossary

1783 EN 1783 EN reliable etibarl Glossary

1784 EN 1784 timeliness vaxtl vaxtnda olma Glossary

1785 EN 1785 EN verifiability yoxlanla bilm Glossary

1786 EN 1786 EN Presentation of Items of Other Sair mcmu glir IAS 1 Amend title

Comprehensive Income maddlrinin tqdimat

1787 EN 1787 EN statement(s) of profit or loss and mnft v ya zrr v sair IAS 1

other comprehensive income mcmu glir hesabatlar

1788 EN 1788 EN Net interest on the net defined Myyn edilmi dnilr IAS 19

benefit liability (asset) zr xalis hdlik (aktiv) zr

xalis faiz
1789 EN 1789 EN Remeasurements of the net Myyn edilmi dnilr IAS 19

defined benefit liability (asset) zr xalis hdliyin (aktivin)

yenidn llmsi

1790 EN 1790 EN Fair Value Measurement daltli dyrin llmsi IFRS 13

1791 EN 1791 EN Severe Hyperinflation and Kskin Hiperinflyasiya v ilk amend to IFRS 1

Removal of Fixed Dates for First- df ttbiq ednlr n tsbit

time Adopters edilmi tarixlrin lv edilmsi

1792 EN 1792 EN Deferred tax: recovery of Txirsalnm vergi: sas amend to IAS 12

underlying assets aktivlrin brpas

1793 EN 1793 EN Prepayments of a Minimum Minimum maliyyldirm amend IFRIC 14

Funding Requirement tlbi zr avans dnilri

1794 EN 1794 EN Definition of a Related Party and laqli trf v Dvlt amend IAS 24

Government-controlled Entities trfindn nzart ediln

qurumlarn anlay
1795 EN 1795 EN Limited Exemption from lk df ttbiq ednlr n amend IFRS 1

Comparative IFRS 7 Disclosures mlumatn aqlanmas adl 7

for First-time Adopters -li Maliyy Hesabatlarnn
Beynlxalq Standartlar zr
mqayisli tqdim olunmu
mhdud azadolmalar

1796 EN 1796 EN Stripping Costs in the Production Karxanann (mdnin) IFRIC 20

Phase of a Surface Mine istehsal mrhlsind

tullantdan ayrma msrflri
1797 EN 1797 EN surface mining operations Karxana (mdn) IFRIC 20

mliyyatlar

1798 EN 1798 EN mine waste materials Karxanann (mdnin) IFRIC 20

(overburden) tullantlar (sxur qatlar)

1799 EN 1799 EN stripping Tullantdan ayrlan IFRIC 20

1800 EN 1800 EN stripping costs Tullantdan ayrma msrflri IFRIC 20

1801 EN 1801 EN units of production method istehsal vahidi metodu IFRIC 20

1802 EN 1802 EN ratio of ore to waste filizin tullantya nisbti IFRIC 20

1803 EN 1803 EN production stripping costs istehsalda tullantdan ayrma IFRIC 20

msrflri
1804 EN 1804 EN stripping activity asset tullantdan ayrma faliyyti IFRIC 20

zr aktiv

1805 EN 1805 EN ore body filiz yata IFRIC 20

1806 EN 1806 EN life-of-mine assets karxana (mdn) aktivlrinin IFRIC 20

istismar mddti

1807 EN 1807 EN predecessor stripping asset tullantdan ayrlan aktivin IFRIC 20

slfi

1808 EN 1808 EN life-of-mine ratio calculation karxanann (mdnin) gaktiki IFRIC 20

istismar mddti zr nisbtin

hesablanmas

1809 EN 1809 EN underground mining activities yeralt karxana (mdn) ilri IFRIC 20
 Context

A range around an enterprises best estimate of post-

employment benefit obligations. Outside that range, it is not
reasonable to assume that actuarial gains or losses will be
offset in future years.

However, in some cases, an entity's amortisation methods and

rates under previous GAAP may differ from those that would be
acceptable under IFRSs (for example, if they were adopted
solely for tax purposes and do not reflect a reasonable estimate
of the asset's useful life).

Furthermore, a failure to disclose the effect of material errors

would obscure the 'results of the stewardship of management,
or the accountability of management for the resources entrusted
to it' (Framework, paragraph 14).

TITLE

TITLE

A primary issue in accounting for inventories is the amount of

cost to be recognised as an asset and carried forward until the
related revenues are recognised.

TITLE

The specific principles, bases, conventions, rules and practices

adopted by an enterprise in preparing and presenting financial
statements.
If those differences have a material effect on the financial
statements, the entity adjusts the accumulated amortisation in
its opening IFRS balance sheet retrospectively so that it
complies with IFRSs (paragraph 31 of the IFRS).

However, the Board decided that it is more important to achieve

comparability over time within a first-time adopter's first IFRS
financial statements and between different entities adopting
IFRSs for the first time at a given date; achieving comparability
between first-time adopters and entities that already apply
IFRSs is a secondary objective.

A business combination in which one of the enterprises, the

acquirer, obtains control over the net assets and operations of
another enterprise, the acquiree, in exchange for the transfer of
assets, incurrence of a liability or issue of equity.
 If an entity's first IFRS financial statements include more
than one year of comparative information, the additional
comparative information need not comply with IFRSs (as
proposed in ED 1).

The carrying amounts of subsidiary Q's assets and liabilities at 1

January 2006 are the same in both parent P's (consolidated)
opening IFRS balance sheet and subsidiary Q's separate
financial statements (except for adjustments for consolidation
procedures) and are based on subsidiary Q's date of transition
to IFRSs.

shall be the amounts in (a) and (b) adjusted for the after-tax
amounts of preference dividends, gains or losses on settlement
of preference shares, and other similar effects of preference
shares classified as equity.

(c) biological assets related to agricultural activity and

agricultural produce at the point of harvest (see IAS 41
Agriculture)./ The management by an entreprise of the biological
transformation of biological assets for sale, into agricultural
produce, or into additional biological assets.

TITLE

IFRS 7.16 When financial assets are impaired by credit losses

and the entity records the impairment in a separate account (eg
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, it shall disclose a reconciliation of changes in that
account during the period for each class of financial assets.

The systematic allocation of the depreciable amount of an asset

over its useful life. In the case of an intangible asset or
goodwill, the term amortisation is generally used instead of
depreciation. Both terms have the same meaning.
IG57 For those financial assets and financial liabilities
measured at amortised cost in the opening IFRS balance sheet,
an entity determines their cost on the basis of circumstances
existing when the assets and liabilities first satisfied the
recognition criteria in IAS 39.

The amount of inventories recognised as an expense during the

period, which is often referred to as cost of sales, consists of
those costs previously included in the measurement of inventory
that has now been sold and unallocated production overheads
and abnormal amounts of production costs of inventories.

An entity shall indicate the basis on which the numerator(s) is

(are) determined, including whether amounts per share are
before tax or after tax.

This revised Standard supersedes IAS 33 (1997) Earnings Per

Share and is effective for annual periods beginning on or after 1
January 2005.

Antidilution is an increase in earnings per share or a reduction

in loss per share resulting from the assumption that convertible
instruments are converted, that options or warrants are
exercised, or that ordinary shares are issued upon the
satisfaction of specified conditions.

Potential ordinary shares are antidilutive when their conversion

to ordinary shares would increase earnings per share or
decrease loss per share from continuing operations.

(a) on initial recognition, if the intangible asset is acquired in a

business combination that is an acquisition or in specified asset
exchange transactions (see discussion in paragraphs 30 and
31).

the taxable temporary difference of 50 (200 less 150)

associated with the identifiable assets acquired and non-
pension liabilities assumed, less ..
 presented financial statements in the previous year that
contained an explicit and unreserved statement of compliance
with IFRSs, even if the auditors qualified their audit report on
those financial statements.

A financial institution one of whose principal activities is to take

deposits and borrow with the objective of lending and investing
and which is within the scope of banking or similar legislation.

The amount of net profit for the period that is attributable to

ordinary shareholders divided by the weighted average number
of ordinary shares outstanding during the period.

The Standard requires that when a hedged forecast transaction

occurs and results in the recognition of a financial asset or a
financial liability, the gain or loss deferred in equity does not
adjust the initial carrying amount of the asset or liability (ie basis
adjustment is prohibited), but remains in equity and is
recognised in profit or loss consistently with the recognition of
gains and losses on the asset or liability.

IFRS 1 BASIS FOR CONCLUSIONS JUNE 2003

IFRS 7.B19(a) The entity continues to believe that interest rates
may fluctuate by 50 basis points (ie that the rate of change in
interest rates is stable)
 recognises the pension liability, and measures it, at the
present value of the defined benefit obligation (130) less the fair
value of the plan assets (100), giving a carrying amount of 30,
with a corresponding debit of 30 to retained earnings
(paragraph B2(d)).

can be generated at a cost that does not exceed the

benefits to users.

This Standard uses the terms 'bid price' and 'asking price'
(sometimes referred to as 'current offer price') in the context of
quoted market prices, and the term 'the bid-ask spread' to
include only transaction costs.

A living animal or plant

The processes of growth, degeneration, production, and
procreation that cause qualitative or quantitative changes in a
biological asset.

(a) a capitalisation or bonus issue (sometimes referred to as a

stock dividend);

Title

The bringing together of separate enterprises into one economic

entity as a result of one enterprise uniting with or obtaining
control over the net assets and operations of another enterprise.

TItle
A distinguishable component of an enterprise that is engaged in
providing an individual product or service or a group of related
products or services and that is subject to risks and returns that
are different from those of other business segments.

(If an entity has not determined that it will use the land as
owner-occupied property or for short-term sale in the ordinary
course of business, the land is regarded as held for capital
appreciation.)

Recognising a cost as part of the cost of an asset.

IFRS 7.IG36 Profit is more sensitive to interest rate decreases
than increases because of borrowings with capped interest
rates

Cash on hand and demand deposits.

Inflows and outflows of cash and cash equivalents.

An entity shall disclose the following separately for designated
fair value hedges, cash flow hedges and hedges of a net
investment in a foreign operation (as defined in IAS 39):
The risk that future cash flows associated with a monetary
financial instrument will fluctuate in amount.

TITLE - OLD

The difference between the nominal amount of the

consideration and the cash price equivalent is recognised as
interest revenue under IAS 18 reflecting the effective yield on
the receivable.

One example is a net cash-settled share option.

The class A preference shares are entitled to a cumulative

annual dividend of CU7 per share starting in 20X4.

A class of property, plant and equipment is a grouping of assets

of a similar nature and use in an entity's operations.

It is not appropriate to write inventories down based on a

classification of inventory, for example, finished goods, or all the
inventories in a particular industry or geographical segment.
An entity, which may be a transferor, that services transferred
assets may hold a clean-up call to purchase remaining
transferred assets when the amount of outstanding assets falls
to a specified level at which the cost of servicing those assets
becomes burdensome in relation to the benefits of servicing.

Close members of the family of an individual are those family

members who may be expected to influence, or be influenced
by, that individual in their dealings with the entity.

For example, an entity that uses closing market prices to

calculate the average market price for several years of relatively
stable prices might change to an average of high and low prices
if prices start fluctuating greatly and the closing market prices no
longer produce a representative average price.

Many other types of derivative instruments embody a right or

obligation to make a future exchange, including interest rate and
currency swaps, interest rate caps, collars and floors, loan
commitments, note issuance facilities and letters of credit.

An embedded derivative is a component of a hybrid (combined)

instrument that also includes a non-derivative host contract-with
the effect that some of the cash flows of the combined
instrument vary in a way similar to a stand-alone derivative.

IFRS 7.IG21 For example, an entity might determine that

residential mortgages, unsecured consumer loans, and
commercial loans each have different economic characteristics

IFRS 7.IG31(d) has committed borrowing facilities (eg

commercial paper facilities) or other lines of credit (eg stand-by
credit facilities) that it can access to meet liquidity needs

An entity determines whether an exchange transaction has

commercial substance by considering the extent to which its
future cash flows are expected to change as a result of the
transaction.

[] exploration for and evaluation of mineral resources in the

specific area have not led to the discovery of commercially
viable quantities of mineral resources and the entity has
decided to discontinue such activities in the specific area.
Some argued that an entity should present this information
under IFRSs, to ensure comparability over time.
its profit or loss under previous GAAP for the comparable
interim period (current and year-to-date) to its profit or loss
under IFRSs for that period.

A financial instrument that, from the issuers perspective,

contains both a liability and an equity element.

IFRS 7.B20 Such an entity might comply with paragraph 41(a)

by disclosing the type of value-at-risk model used (eg whether
the model relies on Monte Carlo simulations), an explanation
about how the model works and the main assumptions (eg the
holding period and confidence level)

(a) the configuration (risk, timing and amount) of the cash

flows of the asset received differs from the configuration of the
cash flows of the asset transferred; or

BC23 The Board also made a consequential amendment

to IAS 39:
The difference between the nominal amount of the
consideration and the cash price equivalent is recognised as
interest revenue under IAS 18 reflecting the effective yield on
the receivable. /// The consideration receivable on disposal of
an item of property, plant and equipment is recognised initially at
its fair value.

TITLE
(b) includes all intangible assets that meet the recognition
criteria in IAS 38 at that date, except for intangible assets
acquired in a business combination that were not recognised in
the acquirer's consolidated balance sheet under previous GAAP
and also would not qualify for recognition under IAS 38 in the
separate balance sheet of the acquiree (see paragraph B2(f) of
Appendix B of the IFRS).

Title

Title (old)

TITLE

Title
Contingent settlement provisions are ignored when they apply
only in the event of liquidation of the issuer or are not genuine.

A contingent share agreement is an agreement to issue shares

that is dependent on the satisfaction of specified conditions.

Contingently issuable ordinary shares are ordinary shares

issuable for little or no cash or other consideration upon the
satisfaction of specified conditions in a contingent share
agreement.

The extent of the entity's continuing involvement in the

transferred asset is the extent to which it is exposed to changes
in the value of the transferred asset.
An entity shall calculate basic earnings per share amounts for
profit or loss attributable to ordinary equity holders of the parent
entity and, if presented, profit or loss from continuing operations
attributable to those equity holders.

Contracts that may be settled in ordinary shares or cash

However, in those rare cases when it is not possible to estimate

reliably the cash flows or the expected life of a financial
instrument (or group of financial instruments), the entity shall
use the contractual cash flows over the full contractual term of
the financial instrument (or group of financial instruments).

IFRS 7 heading before para B11

A contributor shall disclose the nature of its interest in a fund

and any restrictions on access to the assets in the fund.

Control is the power to govern the financial and operating

policies of an entity so as to obtain benefits from its activities.

The power to obtain the future economic benefits that flow from
the asset.
An entity uses profit or loss from continuing operations
attributable to the parent entity as the control number to
establish whether potential ordinary shares are dilutive or
antidilutive.

These types of 'convenience translations' should be clearly

identified as supplementary information to distinguish them from
information required by IFRSs and translated in accordance
with the Standard.
The objectives of the Improvements project were to reduce or
eliminate alternatives, redundancies and conflicts within
Standards, to deal with some convergence issues and to make
other improvements.

Similarly, convertible debt is antidilutive whenever its interest

(net of tax and other changes in income or expense) per
ordinary share obtainable on conversion exceeds basic
earnings per share.

Antidilution is an increase in earnings per share or a reduction

in loss per share resulting from the assumption that convertible
instruments are converted, that options or warrants are
exercised, or that ordinary shares are issued upon the
satisfaction of specified conditions.

Early conversion of convertible preference shares may be

induced by an entity through favourable changes to the original
conversion terms or the payment of additional consideration.

National laws typically define a co-operative as a society

endeavouring to promote its members economic advancement
by way of a joint business operation (the principle of self-help).

For investment property accounted for under the cost model, a

replaced part may not be a part of the investment property that
an entity depreciates separately.

The amount of cash or cash equivalents paid or the fair value, at

the date of exchange, of the other purchase consideration given
by the acquirer in exchange for control over the net assets of
the other enterprise, plus any costs directly attributable to the
acquisition.

Costs directly related to the units of production, such as direct

labour together with a systematic allocation of fixed and variable
production overheads that are incurred in converting materials
into finished goods.

The cost of inventories of a service provider does not include

profit margins or non-attributable overheads that are often
factored into prices charged by service providers.
(c) for those net identifiable assets acquired for which IFRSs
require cost-based measurement at a date after the business
combination, treats their carrying amount under previous GAAP
immediately after the business combination as their deemed
cost at that date (paragraph B2(e)).

The costs of conversion of inventories include costs directly

related to the units of production, such as direct labour.

Incremental costs directly attributable to the disposal of an

asset, excluding finance costs and income tax expense.

An entity that undertakes a number of financial instrument

transactions with a single counterparty may enter into a 'master
netting arrangement' with that counterparty.
a list of significant investments in subsidiaries, jointly controlled
entities and associates, including the name, country of
incorporation or residence, proportion of ownership interest and,
if different, proportion of voting power held

IFRS 7.IG11 At the start of the period of a 10-year bond with a

coupon of 8 per cent, the bonds internal rate of return is 8 per
cent.

IFRS 7.38 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 (eg
guarantees), and such assets meet the recognition criteria in
other Standards, an entity shall disclose

For each class of financial assets and other credit exposures,

an entity shall disclose information about its exposure to credit
risk, including:

heading above IFRS 7.IG23

If, however, the premium or discount results from a change in

the credit spread over the floating rate specified in the
instrument, or other variables that are not reset to market rates,
it is amortised over the expected life of the instrument.

IFRS 7.B6 The disclosures required by paragraphs 3142 shall

be either given in the financial statements or incorporated by
cross-reference from the financial statements to some other
statement
 IAS 21 The Effects of Changes in Foreign Exchange
Rates requires an entity to classify some translation differences
as a separate component of equity and transfer the cumulative
translation differences (CTDs) to the income statement on
disposal of the subsidiary in question.

A price risk The risk that the value of a financial instrument will
fluctuate due to changes in foreign exchange rates.

The amount of cash or cash equivalents that would have to be

paid if the same or an equivalent asset was acquired
currently.The undiscounted amount of cash or cash equivalents
that would be required to settle an obligation currently.

In general, methods which use replacement cost as the primary

measurement basis. If, however, replacement cost is higher
than both net realisable value and present value, the higher of
net realisable value and present value is usually used as the
measurement basis.

The amount of income taxes payable (recoverable) in respect of

the taxable profit (tax loss) for a period.
The date on which control of the net assets and operations of
the acquirer is effectively transferred to the acquirer.

Previous GAAP balances might not result in decision-useful

information in these countries.
The purpose of decommissioning, restoration and
environmental rehabilitation funds, hereafter referred to as
decommissioning funds or funds, is to segregate assets to
fund some or all of the costs of decommissioning plant (such as
a nuclear plant) or certain equipment (such as cars), or in
undertaking environmental rehabilitation (such as rectifying
pollution of water or restoring mined land), together referred to
as decommissioning.

The contributor shall recognise its obligation to pay

decommissioning costs as a liability and recognise its interest in
the fund separately unless the contributor is not liable to pay
decommissioning costs even if the fund fails to pay.

The purpose of decommissioning, restoration and

environmental rehabilitation funds, hereafter referred to as
decommissioning funds or funds, is to segregate assets to
fund some or all of the costs of decommissioning plant (such as
a nuclear plant) or certain equipment (such as cars), or in
undertaking environmental rehabilitation (such as rectifying
pollution of water or restoring mined land), together referred to
as decommissioning.

funds that are established by a single contributor to fund its own

decommissioning obligations, whether for a particular site, or for
a number of geographically dispersed sites.

The purpose of decommissioning, restoration and

environmental rehabilitation funds, hereafter referred to as
decommissioning funds or funds, is to segregate assets to
fund some or all of the costs of decommissioning plant (such as
a nuclear plant) or certain equipment (such as cars), or in
undertaking environmental rehabilitation (such as rectifying
pollution of water or restoring mined land), together referred to
as decommissioning.
The tax base of the intangible assets was nil, giving rise to a
deferred tax liability (at 30 per cent) of 60.

The present value, without deducting any plan assets, of

expected future payments required to settle the obligation
resulting from employee service in the current and prior periods.
If there is no market-based evidence of fair value because of the
specialised nature of the item of property, plant and equipment
and the item is rarely sold, except as part of a continuing
business, an entity may need to estimate fair value using an
income or a depreciated replacement cost approach.

(d) does not restate the accumulated depreciation and

amortisation of the net identifiable assets in (c), unless the
depreciation methods and rates under previous GAAP result in
amounts that differ materially from those required under IFRSs
(for example, if they were adopted solely for tax purposes and
do not reflect a reasonable estimate of the asset's useful life
under IFRSs).

Remove a financial asset or liability, or a portion of a financial

asset or liability, from an enterprises balance sheet.

The value of any derivative features (such as a call option)

embedded in the compound financial instrument other than the
equity component (such as an equity conversion option) is
included in the liability component.
(c) under IAS 39, paragraph 9, derivative financial assets and
derivative financial liabilities are always deemed held for trading
(except for a derivative that is a designated and effective
hedging instrument).

This Standard provides guidance on the determination of cost

and its subsequent recognition as an expense, including any
write-down to net realisable value.
Determining whether an arrangement is, or contains, a lease
shall be based on the substance of the arrangement and
requires an assessment of whether: (a) fulfilment of the
arrangement is dependent on the use of a specific asset or
assets (the asset); and (b) fulfilment of the arrangement is
dependent on the use of a specific asset or assets (the asset);
and // TITLE

The amount of net profit for the period that is attributable to

ordinary shareholders divided by the weighted average number
of ordinary shares outstanding during the period, both adjusted
for the effects of all dilutive potential ordinary shares.

In the calculation of diluted earnings per share, those options or

warrants have a dilutive effect if (a) the average market price of
the related ordinary shares for the period exceeds the exercise
price or (b) the selling price of the instrument to be tendered is
below that at which the instrument may be tendered under the
option or warrant agreement and the resulting discount
establishes an effective exercise price below the market price of
the ordinary shares obtainable upon exercise.

Potential ordinary shares whose conversion to ordinary shares

would decrease net profit per share from continuing ordinary
operations or increase loss per share from continuing ordinary
operations.
The diminishing balance method results in a decreasing charge
over the useful life.

(ii) direct operating expenses (including repairs and

maintenance) arising from investment property that generated
rental income during the period; and

IFRS 7.B17 If an entity has exposure to only one type of market

risk in only one economic environment, it would not show
disaggregated information

IAS 32 Financial Instruments: Disclosure and Presentation

A component of an enterprise: (a) that the enterprise, pursuant

to a single plan, is: (i) disposing of substantially in its entirety,
such as by selling the component in a single transaction, by
demerger or spin-off of ownership of the component to the
enterprises shareholders; (ii) disposing of piecemeal, such as
by selling off the components assets and settling its liabilities
individually; or (iii) terminating through abandonment; (b) that
represents a separate major line of business or geographical
area of operations; and(c) that can be distinguished
operationally and for financial reporting purposes.
(d) the expense recognised during the period in respect of bad
or doubtful debts due from related parties.
For example, sales of assets from an investor (or its
consolidated subsidiaries) to an associate.

(d) The earnings contingency has no effect on basic earnings

per share because it is not certain that the condition is satisfied
until the end of the contingency period.

TITLE

In many cases, contemporaneous documentation prepared to

support the decision to acquire the asset will contain an
assessment of the future economic benefits.
An entity may change its accounting policies for exploration and
evaluation expenditures if the change makes the financial
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.
A method of calculating amortisation using the effective interest
rate of a financial asset or financial liability. The effective
interest rate is the rate that exactly discounts the expected
stream of future cash payments through maturity or the next
market-based repricing date to the current net carrying amount
of the financial asset or financial liability. That computation
should include all fees and points paid or received between
parties to the contract. The effective interest rate is sometimes
termed the level yield to maturity or to the next repricing date,
and is the internal rate of return of the financial asset or financial
liability for that period.

The effective interest rate is the rate that exactly discounts

estimated future cash payments or receipts through the
expected life of the financial instrument or, when appropriate, a
shorter period to the net carrying amount of the financial asset
or financial liability.

IG32 An entity complies with IAS 21 The Effects of Changes in

Foreign Exchange Rates in determining its measurement
currency and presentation currency (see SIC-19 Reporting
Currency-Measurement and Presentation of Financial
Statements under IAS 21 and IAS 29).

[ref] see paragraph 9:The following are examples of

expenditures that might be included in the initial measurement
of exploration and evaluation assets (the list is not exhaustive):

A derivative that is a component of a hybrid (combined) financial

instrument that includes both the derivative and a host contract
with the effect that some of the cash flows of the combined
instrument vary in a similar way to a stand-alone derivative.

Title
Similarly, the entity's actuarial assumptions at the date of
transition to IFRSs about future employee turnover rates do not
reflect a significant increase in estimated employee turnover
rates as a result of a curtailment of the pension plan that
occurred after the date of transition to IFRSs (paragraph 32 of
the IFRS).

IFRS 7.IG26 Past due does not mean that a counterparty will
never pay, but it can trigger various actions such as
renegotiation, enforcement of covenants, or legal proceedin

(e)requires enhanced disclosure about the transition to IFRSs.

Employee benefits under which either:(a) employees are

entitled to receive equity financial instruments issued by the
enterprise (or its parent); or(b) the amount of the enterprises
obligation to employees depends on the future price of equity
financial instruments issued by the enterprise.

Formal or informal arrangements under which an enterprise

provides equity compensation benefits for one or more
employees.
If the liability component is no longer outstanding at the date of
transition to IFRSs, a first-time adopter need not separate the
initial equity component of the instrument from the cumulative
interest accreted on the liability component (paragraph 23 of the
IFRS).

A method of accounting whereby the investment (an interest in a

jointly controlled entity) is initially recorded at cost and adjusted
thereafter for the post acquisition change in the investors (the
venturers) share of net assets of the investee (the jointly
controlled entity). The income statement reflects the investors
(the venturers) share of the results of operations of the investee
(the jointly controlled entity).

Net realisable value is the estimated selling price in the ordinary

course of business less the estimated costs of completion and
the estimated costs necessary to make the sale.

TITLE

It may use such event-driven fair value measurements as

deemed cost for IFRSs at the date of that measurement.

OLD TITLE

Events after the balance sheet date are those events, both
favourable and unfavourable, that occur between the balance
sheet date and the date when the financial statements are
authorised for issue. Two types of events can be identified:(a)
those that provide evidence of conditions that existed at the
balance sheet date (adjusting events after the balance sheet
date); and(b) those that are indicative of conditions that arose
after the balance sheet date (non-adjusting events after the
balance sheet date).
In addition to the types of events in paragraph 59, objective
evidence of impairment for an investment in an equity
instrument includes information about significant changes with
an adverse effect that have taken place in the technological,
market, economic or legal environment in which the issuer
operates, and indicates that the cost of the investment in the
equity instrument may not be recovered.

(b) to specify when exchange transactions (ie transactions in

which investment property is acquired in exchange for non-
monetary assets, in whole or in part) have commercial
substance and how such transactions, with or without
commercial substance, are accounted for; and

The Board considered these cost-benefit constraints and

developed targeted exemptions from the general principle
described in paragraph BC25.

Fair value of all outstanding shares before the exercise of rights

+ total amount received from exercise of rights

The first annual financial statements in which an entity adopts

International Financial Reporting Standards (IFRSs), by an
explicit and unreserved statement of compliance with IFRSs.

An entity shall disclose information that identifies and explains

the amounts recognised in its financial statements arising from
the exploration for and evaluation of mineral resources.

An entity shall apply the IFRS to exploration and evaluation

expenditures that it incurs.

An entity shall disclose information that identifies and explains

the amounts recognised in its financial statements arising from
the exploration for and evaluation of mineral resources. // TITLE
Income or expenses that arise from events or transactions that
are clearly distinct from the ordinary activities of the enterprise
and therefore are not expected to recur frequently or regularly.

This results in fair value measurement (except when the entity

cannot determine a reliable fair value, see IAS 39, paragraph
70), with changes in fair value recognised in the income
statement.

IFRS 7.20(c)(ii) trust and other fiduciary activities that result in

the holding or investing of assets on behalf of individuals, trusts,
retirement benefit plans, and other institutions

In its consolidated opening IFRS balance sheet, parent L

recognises finance lease obligations of 300 and leased assets
of 250, and charges 50 to retained earnings (paragraph B2(f)).
A financial asset or liability that was acquired or incurred
principally for the purpose of generating a profit from short-term
fluctuations in price or dealers margin. A financial asset should
be classified as held for trading if, regardless of why it was
acquired, it is part of a portfolio for which there is evidence of a
recent actual pattern of short-term profit-taking. Derivative
financial assets and derivative financial liabilities are always
deemed held for trading unless they are designated and
effective hedging instruments.

IFRS 7 BC6 ompetition between banks, non-bank financial

services firms, and financial conglomerates

TITLE - OLD

TITLE
(b) includes an illustrative example to show how a first-time
adopter might disclose how the transition to IFRSs affected its
reported financial position, financial performance and cash
flows, as required by paragraphs 39(a) and (b), 40 and 41 of the
IFRS (paragraph IG63).

TITLE
Provisions may arise from firm sales contracts in excess of
inventory quantities held or from firm purchase contracts.

However, the Board decided that it is more important to achieve

comparability over time within a first-time adopter's first IFRS
financial statements and between different entities adopting
IFRSs for the first time at a given date; achieving comparability
between first-time adopters and entities that already apply
IFRSs is a secondary objective. "An entity that presents its
first IFRS financial statements"

IFRS 1 FIRST-TIME ADOPTION OF INTERNATIONAL

FINANCIAL REPORTING STANDARDS
TITLE

If an entity's first IFRS financial statements are for a period

beginning before 1 January 2004 and the entity applies this
IFRS instead of SIC-8 First-time Application of IASs as the
Primary Basis of Accounting, it shall disclose that fact.
IFRS 7.IG8 On 1 January 20X1, an entity issues a 10-year bond
with a par value of CU150,000 and an annual fixed coupon rate
of 8 per cent, which is consistent with market rates for bonds
with similar characteristics

IFRS 7.IG10 The entity assumes a flat yield curve, all changes
in interest rates result from a parallel shift in the yield curve, and
the changes in LIBOR are the only relevant changes in market
conditions

Any resultant exchange differences shall be recognised as

income or expense immediately, except that an entity shall
continue to apply its existing accounting policy for exchange
gains and losses related to hedges of the currency risk of a
forecast transaction.

IAS 39 applies to many foreign currency derivatives and,

accordingly, these are excluded from the scope of this Standard.

A foreign operation, the activities of which are not an integral

part of those of the reporting enterprise.

IG32 An entity complies with IAS 21 The Effects of Changes in

Foreign Exchange Rates in determining its measurement
currency and presentation currency (see SIC-19 Reporting
Currency-Measurement and Presentation of Financial
Statements under IAS 21 and IAS 29).
The term 'functional currency' is used in place of 'measurement
currency' (the term used in SIC-19) because it is the more
commonly used term, but with essentially the same meaning.

Errors discovered in the current period that are of such

significance that the financial statements of one or more prior
periods can no longer be considered to have been reliable at
the date of their issue.

Contributions by an enterprise, and sometimes its employees,

into an entity, or fund, that is legally separate from the reporting
enterprise and from which the employee benefits are paid.

Previous GAAP may differ significantly from IFRSs, and in some

countries there are no accounting requirements at all for
business combinations.

The restatement of some or all of the items in the financial

statements for changes in the general price level.

In the Exposure Draft (ED), the Board proposed to include

within IAS 16's general recognition principle only the recognition
of subsequent expenditures that are replacements of a part of
an item of property, plant and equipment.

A distinguishable component of an enterprise that is engaged in

providing products or services within a particular economic
environment and that is subject to risks and returns that are
different from those of components operating in other economic
environments.

The enterprise is normally viewed as a going concern, that is, as

continuing in operation for the foreseeable future. It is assumed
that the enterprise has neither the intention nor the necessity of
liquidation or of curtailing materially the scale of its operations.

Any excess of the cost of the acquisition over the acquirers

interest in the fair value of the identifiable assets and liabilities
acquired as at the date of the exchange transaction.

In its history, the entity has never refused to redeem members

shares, although the governing board has the right to do so.

If redemption is unconditionally prohibited by local law,

regulation or the entitys governing charter, members shares
are equity.
Government, government agencies and similar bodies whether
local, national or international.
TITLE

This occurs, for example, when agricultural crops have been

harvested or minerals have been extracted and sale is assured
under a forward contract or a government guarantee, or when
an active market exists and there is a negligible risk of failure to
sell.

An aggregation of similar living animals or plants.

In the case of the lessee, that part of the residual value which is
guaranteed by the lessee or by a party related to the lessee (the
amount of the guarantee being the maximum amount that could,
in any event, become payable); and in the case of the lessor,
that part of the residual value which is guaranteed by the lessee
or by a third party unrelated to the lessor who is financially
capable of discharging the obligations under the guarantee.
(b) The continuation of previous GAAP hedge accounting
practices could permit the non-recognition of derivatives or the
recognition of deferred debits and credits that are not assets
and liabilities.

The degree to which offsetting changes in fair value or cash

flows attributable to a hedged risk are achieved by the hedging
instrument.

However, if an entity designated a net position as a hedged item

under previous GAAP, it may designate an individual item within
that net position as a hedged item under IFRSs, provided that it
does so no later than the date of transition to IFRSs.//An asset,
liability, firm commitment, or forecasted future transaction that
(a) exposes the enterprise to risk of changes in fair value or
changes in future cash flows and that (b) for hedge accounting
purposes, is designated as being hedged.

Designating one or more hedging instruments so that their

change in fair value is an offset, in whole or in part, to the
change in fair value or cash flows of a hedged item.

29 An entity shall not reflect in its opening IFRS balance

sheet a hedging relationship of a type that does not qualify for
hedge accounting under IAS 39 (for example, many hedging
relationships where the hedging instrument is a cash instrument
or written option; where the hedged item is a net position; or
where the hedge covers interest risk in a held-to-maturity
investment).

Inventories encompass goods purchased and held for resale

including, for example, merchandise purchased by a retailer and
held for resale, or land and other property held for resale.
Financial assets with fixed or determinable payments and fixed
maturity that an enterprise has the positive intent and ability to
hold to maturity other than loans and receivables originated by
the enterprise.

Assets are recorded at the amount of cash or cash equivalents

paid or the fair value of the consideration given to acquire them
at the time of their acquisition. Liabilities are recorded at the
amount of proceeds received in exchange for the obligation, or
in some circumstances (for example, income taxes), at the
amounts of cash or cash equivalents expected to be paid to
satisfy the liability in the normal course of business.

Future cash flows in a group of financial assets that are

collectively evaluated for impairment are estimated on the basis
of historical loss experience for assets with credit risk
characteristics similar to those in the group.

In any financial statements containing historical summaries or

comparative information under previous GAAP, an entity shall:

An example of a hybrid instrument is a financial instrument that

gives the holder a right to put the financial instrument back to
the issuer in exchange for an amount of cash or other financial
assets that varies on the basis of the change in an equity or
commodity index that may increase or decrease (a 'puttable
instrument').
Loss of purchasing power of money at such a rate that
comparison of amounts from transactions and other events that
have occurred at different times, even within the same
accounting period, is misleading. Hyperinflation is indicated by
characteristics of the economic environment of a country which
include, but are not limited to, the following:(a) the general
population prefers to keep its wealth in nonmonetary assets or
in a relatively stable foreign currency. Amounts of local currency
held are immediately invested to maintain purchasing power;(b)
the general population regards monetary amounts not in terms
of the local currency but in terms of a relatively stable foreign
currency. Prices may be quoted in that currency;(c) sales and
purchases on credit take place at prices that compensate for the
expected loss of purchasing power during the credit period,
even if the period is short; (d) interest rates, wages and prices
are linked to a price index; and(e) the cumulative inflation rate
over three years is approaching, or exceeds, 100%.

However, the Board concluded that a requirement to measure

all assets and liabilities at fair value at the date of transition to
IFRSs would be unreasonable, given that an entity may use an
IFRS-compliant cost-based measurement before and after that
date for some items.

When recoverable amount declines below carrying amount.

TITLE
The impairment test shall be based on conditions at the date of
transition to IFRSs.
IFRS 1 IMPLEMENTATION GUIDANCE JUNE 2003

Consistently with the Exposure Draft's proposals, the Standard

provides an impracticability exemption from retrospective
application of changes in accounting policies, including
retrospective application of changes made in accordance with
the transitional provisions in a Standard or an Interpretation.
If these contracts are 'in the money' during the period (ie the
exercise or settlement price is above the average market price
for that period), the potential dilutive effect on earnings per
share shall be calculated as follows:

Because incidental operations are not necessary to bring an

asset to the condition necessary for it to be capable of operating
in the manner intended by management, the income and related
expenses of incidental operations are recognised in profit or
loss, and included in their respective classifications of income
and expense.

Title

Title

Preference shares that provide for a low initial dividend to

compensate an entity for selling the preference shares at a
discount, or an above-market dividend in later periods to
compensate investors for purchasing preference shares at a
premium, are sometimes referred to as increasing rate
preference shares.

Therefore, to maximise the dilution of basic earnings per share,

each issue or series of potential ordinary shares is considered
in sequence from the most dilutive to the least dilutive, ie dilutive
potential ordinary shares with the lowest 'earnings per
incremental share' are included in the diluted earnings per
share calculation before those with a higher earnings per
incremental share.

For groups with subsidiaries that are required to prepare

individual financial statements, the cost could be extensive as
enterprises may create a separate subsidiary to hold each
property;

The redemption or induced conversion of convertible preference

shares may affect only a portion of the previously outstanding
convertible preference shares.
TITLE OF IAS 15 superseded as per BV 2004

Initial direct costs are incremental costs that are directly

attributable to negotiating and arranging a lease.

IG50 A first-time adopter may elect to use the fair value of an

intangible asset at the date of an event such as a privatisation
or initial public offering as its deemed cost at the date of that
event (paragraph 19 of the IFRS), provided that the intangible
asset qualifies for recognition under IAS 38 (paragraph 10 of the
IFRS).

Payment to a third party, including a trust (sometimes called 'in-

substance defeasance'), does not, by itself, relieve the debtor of
its primary obligation to the creditor, in the absence of legal
release.

TITLE

An identifiable non-monetary asset without physical substance

held for use in the production or supply of goods or services, for
rental to others, or for administrative purposes.

Title
Title

The Standard revises the requirements in the previous version

of IAS 21 for distinguishing between foreign operations that are
integral to the operations of the reporting entity (referred to
below as 'integral foreign operations') and foreign entities.

The increase during a period in the present value of a defined

benefit obligation which arises because the benefits are one
period closer to settlement.
The discount rate that, at the inception of the lease, causes the
aggregate present value of:(a) the minimum lease payments;
and(b) the unguaranteed residual valueto be equal to the fair
value of the leased asset.

The interest rate implicit in the lease is the discount rate that, at
the inception of the lease, causes the aggregate present value
of (a) the minimum lease payments and (b) the unguaranteed
residual value to be equal to the sum of (i) the fair value of the
leased asset and (ii) any initial direct costs of the lessor.

A price risk The risk that the value of a financial instrument will
fluctuate due to changes in market interest rates.

For example, when an entity enters into an interest rate strip

whereby the counterparty obtains the right to the interest cash
flows, but not the principal cash flows from a debt instrument,
paragraphs 17-23 are applied to the interest cash flows.

(e) An embedded prepayment option in an interest-only or

principal-only strip is closely related to the host contract
provided the host contract (i) initially resulted from separating
the right to receive contractual cash flows of a financial
instrument that, in and of itself, did not contain an embedded
derivative, and (ii) does not contain any terms not present in the
original host debt contract.

TITLE

A financial report containing either a complete set of financial

statements (as described in IAS 1) or a set of condensed
financial statements (as described in IAS 34) for an interim
period.

Title

A financial reporting period shorter than a full financial year.

IFRS 7B4(a) First, the entity computes the liabilitys internal rate
of return at the start of the period using the observed market
price of the liability and the liabilitys contractual cash flows at
the start of the period

IG47 If an internally generated intangible asset qualifies

for recognition at the date of transition to IFRSs, an entity
recognises the asset in its opening IFRS balance sheet even if it
had recognised the related expenditure as an expense under
previous GAAP.
IFRS 1 should be read in the context of its objective and the
Basis for Conclusions, the Preface to International Financial
Reporting Standards and the Framework for the Preparation
and Presentation of Financial Statements.

The Board noted that the financial statements of an entity that is

part of a consolidated group may include the effects of
extensive intragroup transactions.

TITLE
TITLE

The equity method is a method of accounting whereby the

investment is initially recognised at cost and adjusted thereafter
for the post acquisition change in the investors share of net
assets of the investee.

IFRS 7.IG18(b) Thus, if an entitys counterparties are

concentrated in one or more credit qualities (such as secured
loans or unsecured loans) or in one or more credit ratings (such
as investment grade or speculative grade), it would disclose
separately exposure to risks arising from each concentration of
counterparties

TITLE
1. This Standard shall be applied in accounting for investments
in associates. However, it does not apply to investments in
associates held by:
(a) venture capital organisations, or
(b) mutual funds, unit trusts and similar entities including
investment-linked insurance funds

TITLE

(d) irrevocable commitments and contingencies and

commitments arising from off balance sheet items.

Specific identification of cost means that specific costs are

attributed to identified items of inventory.

TITLE

TITLE
The gain or loss arising from the derecognition of an item of
property, plant and equipment shall be included in profit or loss
when the item is derecognised (unless IAS 17 requires
otherwise on a sale and leaseback).

Some leasehold interests held for investment would remain

classified as operating leases (eg leases with significant
contingent rents), and hence could not be investment property
in accordance with IAS 40.

Title

Usually a merger between two companies in which either:(a) the

assets and liabilities of one company are transferred to the
other company and the first company is dissolved; or(b) the
assets and liabilities of both companies are transferred to a new
company and both the original companies are dissolved.

IFRS7.IG38 For example, an entity may acquire a zero-cost

interest rate collar that includes an out-of-the-money leveraged
written option
However, the acquirer applies paragraph 25 to new assets
acquired, and liabilities assumed, by the acquiree after that
business combination and still held at the acquirer's date of
transition to IFRSs.

If the liability component is no longer outstanding at the date of

transition to IFRSs, a first-time adopter need not separate the
initial equity component of the instrument from the cumulative
interest accreted on the liability component (paragraph 23 of the
IFRS).
The assumption that the items of inventory which were
purchased or produced last are sold first, and consequently the
items remaining in inventory at the end of the period are those
first purchased or produced.

The availability of sufficient funds to meet deposit withdrawals

and other financial commitments as they fall due.

The risk that an enterprise will encounter difficulty in raising

funds to meet commitments associated with financial
instruments. Liquidity risk may result from an inability to sell a
financial asset quickly at close to its fair value.

Instruments that are classified as loans and receivables are

measured at amortised cost without regard to the entity's
intention to hold them to maturity.

IFRS 7.18(b) the carrying amount of the loans payable in default

at the reporting date

A financial asset or a group of financial assets is impaired and

impairment losses are incurred if, and only if, there is objective
evidence of impairment as a result of one of more events that
occurred after the initial recognition of the asset (a 'loss event')
and that loss event (or events) has an impact on the estimated
future cash flows of the financial asset or group of financial
assets that can be reliably estimated.

An entity shall present basic and diluted earnings per share,

even if the amounts are negative (ie a loss per share).

Decreases in economic benefits and as such they are no

different in nature from other expenses.
IFRS 7.BC43/c) inclusion of such information in a management
commentary section outside the financial statements would be
consistent with practice in other jurisdictions, including the US

In that case, if the effect is dilutive, the calculation of diluted

earnings per share is based on the number of ordinary shares
that would be issued if the market price at the end of the
reporting period were the market price at the end of the
contingency period.

If artificially low rates of interest are quoted, selling profit shall

be restricted to that which would apply if a market rate of
interest were charged.
A price risk The risk that the value of a financial instrument will
fluctuate as a result of changes in market prices whether those
changes are caused by factors specific to the individual security
or its issuer or factors affecting all securities trade

The amount obtainable from the sale, or payable on the

acquisition, of a financial instrument in an active market.

EXPLANATION OF MATERIAL ADJUSTMENTS TO THE CASH

FLOW STATEMENT FOR 2004:
Financial statements do not comply with IFRSs if they contain
either material errors or immaterial errors made intentionally to
achieve a particular presentation of an entity's financial position,
financial performance or cash flows.

Material Omissions or misstatements of items are material if

they could, individually or collectively, influence the economic
decisions of users taken on the basis of the financial
statements.
IFRS 7.B5(a)(iii) ...that disclosure includes a narrative
description of the circumstances underlying the measurement or
recognition inconsistency that would otherwise arise

Members interests in a co-operative are often characterised as

members shares, units or the like, and are referred to below as
members shares.
TITLE

Inventories encompass goods purchased and held for resale

including, for example, merchandise purchased by a retailer and
held for resale, or land and other property held for resale.

The previous Standard was amended to replace the words

mineral ores with minerals and mineral products to clarify that
the scope exemption is not limited to the early stage of
extraction of mineral ores.

The payments over the lease term that the lessee is or can be
required to make (excluding costs for services and taxes to be
paid by and be reimbursable to the lessor) together with:(a) in
the case of the lessee, any amounts guaranteed by the lessee
or by a party related to the lessee; or(b) in the case of the
lessor, any residual value guaranteed to the lessor by either: (i)
the lessee; (ii) a party related to the lessee; or (iii) an
independent third party financially capable of meeting this
guarantee.However, if the lessee has the option to purchase the
asset at a price which is expected to be sufficiently lower than
the fair value at the date the option becomes exercisable that, at
the inception of the lease, it is reasonably certain that the option
will be exercised, the minimum lease payments comprise the
minimum rentals payable over the lease term and payment
required to exercise this purchase option.

That part of the net results of operations and of net assets of a

subsidiary attributable to interests which are not owned, directly
or indirectly through subsidiaries, by the parent.
Material Omissions or misstatements of items are material if
they could, individually or collectively, influence the economic
decisions of users taken on the basis of the financial
statements.

IFRS 7.IG15(b)(iv) the entitys processes for monitoring the

continuing effectiveness of such hedges or mitigating devices

Money held and assets (financial assets) and liabilities (financial

liabilities) to be received or paid in fixed or determinable
amounts of money.

(d) Although a new IFRS may have unforeseen

consequences if another party uses financial statements to
monitor compliance with a contract or agreement, that possibility
does not justify prospective application (paragraph BC13(a)).

IFRS 7.17 If an entity has issued an instrument that contains

both a liability and an equity component (see paragraph 28 of
IAS 32) and the instrument has multiple embedded derivatives
whose values are interdependent (such as a callable convertible
debt instrument), it shall disclose the existence of those features

The Standard stipulates that the requirement to consolidate

investments in subsidiaries applies to venture capital
organisations, mutual funds, unit trusts and similar entities.

(a) stops presenting financial statements under national

requirements, having previously presented them as well as
another set of financial statements that contained an explicit and
unreserved statement of compliance with IFRSs;

Any (remaining) excess, as at the date of the exchange

transaction, of the acquirers interest in the fair values of the
identifiable assets and liabilities acquired over the cost of the
acquisition.
The gain or loss arising from the derecognition of an item of
property, plant and equipment shall be determined as the
difference between the net disposal proceeds, if any, and the
carrying amount of the item.

(viii) the net exchange differences arising on the translation of

the financial statements from the functional currency into a
different presentation currency, including the translation of a
foreign operation into the presentation currency of the reporting
entity; and

On acquisition of the investment any difference (whether

positive or negative) between the cost of the investment and the
investors share of the fair values of the net identifiable assets of
the associate is treated as goodwill (see IAS 22).

Net investment in a foreign operation is the amount of the

reporting entity's interest in the net assets of that operation.

The gross investment in the lease less unearned finance

income.

However, if an entity designated a net position as a hedged item

under previous GAAP, it may designate an individual item within
that net position as a hedged item under IFRSs, provided that it
does so no later than the date of transition to IFRSs.

Comprises the following components:(a) profit or loss from

ordinary activities; and(b) extraordinary items.

The amount obtainable from the sale of an asset in an arms

length transaction between knowledgeable, willing parties, less
the costs of disposal.

If neither the entity's parent nor the ultimate controlling party

produces financial statements available for public use, the name
of the next most senior parent that does so shall also be
disclosed.

IFRS 7.BC6 The Board observed that the reduction in regulatory

barriers in many countries and increasing competition between
banks, non-bank financial services firms, and financial
conglomerates have resulted in many entities providing financial
services that were traditionally provided only by entities
regulated and supervised as banks
Non-coterminous year-ends IN 12
When financial statements of an associate used in applying the
equity method are prepared as of a reporting date that is
different from that of the investor, the difference must be no
greater than three months.

TITLE

(i) non-derivative that includes no contractual obligation for

the issuer to deliver a variable number of its own equity
instruments; or

For example, the reduction of interest expense related to

potential ordinary shares and the resulting increase in profit or
reduction in loss may lead to an increase in the expense related
to a non-discretionary employee profit-sharing plan.

The fair value model differs from the revaluation model that is
permitted for some non-financial assets.

When preference shares are non-redeemable, the appropriate

classification is determined by the other rights that attach to
them.
(a) its purchase price, including import duties and non-
refundable purchase taxes, after deducting trade discounts and
rebates;

(b) notes receivable and payable;

In accordance with IAS 37 Provisions, Contingent Liabilities and
Contingent Assets an entity recognises any obligations for
removal and restoration that are incurred during a particular
period as a consequence of having undertaken the exploration
for and evaluation of mineral resources.

IFRS 7.IG9 The entity uses LIBOR as its observable

(benchmark) interest rate

IFRS 7.IG14 This valuation technique includes variables other

than data from observable markets

IFRS 7.9(c) Changes in market conditions that give rise to

market risk include changes in an observed (benchmark)
interest rate, commodity price, foreign exchange rate or index of
prices or rates

(a) First, the entity computes the liability's internal rate of

return at the start of the period using the observed market price
of the liability and the liability's contractual cash flows at the start
of the period.

See set-off, legal right of

A contract in which the unavoidable costs of meeting the
obligations under the contract exceed the economic benefits
expected to be received under it.

The time between the acquisition of materials entering into a

process and its realisation in cash or an instrument that is
readily convertible into cash.

TITLE

A financial instrument that gives the holder the right to purchase

ordinary shares.
Both parties to a forward contract have an obligation to perform
at the agreed time, whereas performance under an option
contract occurs only if and when the holder of the option
chooses to exercise it.

Any activities which are undertaken by an enterprise as part of

its business and such related activities in which the enterprise
engages in furtherance of, incidental to, or arising from these
activities.

Net realisable value is the estimated selling price in the ordinary

course of business less the estimated costs of completion and
the estimated costs necessary to make the sale.

An equity instrument that is subordinate to all other classes of

equity instruments.
In addition, if, and only if, an intangible asset meets both the
recognition criteria in IAS 38 (including reliable measurement of
original cost) and the criteria in IAS 38 for revaluation (including
the existence of an active market), a first-time adopter may elect
to use one of the following amounts as its deemed cost
(paragraph 18 of the IFRS):
See loans and receivables originated by the enterprise

The associated liability is measured at (i) the option exercise

price less the time value of the option if the option is in or at the
money, or (ii) the fair value of the transferred asset less the time
value of the option if the option is out of the money.

(eg the outsourcing of the data processing functions of an entity)

the investors debt or equity instruments are not traded in a

public market (a domestic or foreign stock exchange or an over-
the-counter market, including local and regional markets)

the parent is itself a wholly-owned subsidiary, or the parent is a

partially-owned subsidiary of another entity and its other
owners, including those not otherwise entitled to vote, have
been informed about, and do not object to, the parent not
preparing consolidated financial statements

For IAS 33 the Board's main objective was a limited revision to

provide additional guidance and illustrative examples on
selected complex matters, such as the effects of contingently
issuable shares; potential ordinary shares of subsidiaries, joint
ventures or associates; participating equity instruments; written
put options; purchased put and call options; and mandatorily
convertible instruments.

BC37Although the IFRS treats amounts assigned under

previous GAAP to goodwill and other assets acquired and
liabilities assumed in a past business combination as their
deemed cost under IFRSs at the date of the business
combination, an entity needs to adjust their carrying amounts in
its opening IFRS balance sheet, as follows.
The increase in the present value of the defined benefit
obligation for employee service in prior periods, resulting in the
current period from the introduction of, or changes to, post-
employment benefits or other long-term employee benefits.
Past service cost may be either positive (where benefits are
introduced or improved) or negative (where existing benefits are
reduced).

The pension liability increased by 130 during 2004, which

caused increases in cost of sales (50), distribution costs (30)
and administrative expenses (50).

A method by which contract revenue is matched with the

contract costs incurred in reaching the stage of completion,
resulting in the reporting of revenue, expenses and profit which
can be attributed to the proportion of work completed.

(a) a change in accounting policy shall be applied

retrospectively and prior period information restated unless it is
impracticable to determine either the cumulative effect or the
period-specific effects of the change;

'Perpetual' debt instruments (such as 'perpetual' bonds,

debentures and capital notes) normally provide the holder
with the contractual right to receive payments on account
of interest at fixed dates extending into the indefinite
future, either with no right to receive a return of principal or
a right to a return of principal under terms that make it very
unlikely or very far in the future.

To the extent that service providers have inventories, they

measure them at the costs of their production. These costs
consist primarily of the labour and other costs of personnel
directly engaged in providing the service, including supervisory
personnel, and attributable overheads.

(a) Assets held by a long term employee benefit fund; and

(b) qualifying insurance policies.

(b) An entity shall disclose the carrying amount of financial

assets pledged as collateral for liabilities, the carrying amount of
financial assets pledged as collateral for contingent liabilities,
and (consistently with paragraphs 60(a) and 63(g)) any material
terms and conditions relating to assets pledged as collateral.
An entity may own share warrants, share call options, debt or
equity instruments that are convertible into ordinary shares, or
other similar instruments that have the potential, if exercised or
converted, to give the entity voting power or reduce another
party's voting power over the financial and operating policies of
another entity (potential voting rights).

shall be the amounts in (a) and (b) adjusted for the after-tax
amounts of preference dividends, gains or losses on settlement
of preference shares, and other similar effects of preference
shares classified as equity.

Ordinary shares participate in profit for the period only after

other types of shares such as preference shares have
participated.

IG32 An entity complies with IAS 21 The Effects of Changes in

Foreign Exchange Rates in determining its measurement
currency and presentation currency (see SIC-19 Reporting
Currency-Measurement and Presentation of Financial
Statements under IAS 21 and IAS 29).

This evolutionary step forward will allow preparers and users to

gain greater experience working with a fair value model and will
allow time for certain property markets to achieve greater
maturity.
TITLE

Previous GAAP may differ significantly from IFRSs, and in some

countries there are no accounting requirements at all for
business combinations. "The basis of accounting that a first-
time adopter used immediately before adopting IFRSs".

There are three types of price risk: currency risk, interest rate
risk and market risk. The term price risk embodies not only
the potential for loss but also the potential for gain.

If an entity's first IFRS financial statements are for a period

beginning before 1 January 2004 and the entity applies this
IFRS instead of SIC-8 First-time Application of IASs as the
Primary Basis of Accounting, it shall disclose that fact.

The primary economic environment in which an entity operates

is normally the one in which it primarily generates and expends
cash.

(a) The Board's primary objective is comparability within a

first-time adopter's first IFRS financial statements and between
different first-time adopters switching to IFRSs at the same time
(paragraph BC10).

(e) An embedded prepayment option in an interest-only or

principal-only strip is closely related to the host contract
provided the host contract (i) initially resulted from separating
the right to receive contractual cash flows of a financial
instrument that, in and of itself, did not contain an embedded
derivative, and (ii) does not contain any terms not present in the
original host debt contract.

In case 3 below, paragraphs 31-34 of the IFRS do not require

modifications to the principles in IAS 10.

Prior period errors are omissions from, and misstatements in,

the entity's financial statements for one or more prior periods
arising from a failure to use, or misuse of, reliable information
that:
IG50 A first-time adopter may elect to use the fair value of an
intangible asset at the date of an event such as a privatisation
or initial public offering as its deemed cost at the date of that
event (paragraph 19 of the IFRS), provided that the intangible
asset qualifies for recognition under IAS 38 (paragraph 10 of the
IFRS).

(c) in the form of materials or supplies to be consumed in the

production process or in the rendering of services.

Local law, regulation or the entitys governing charter can

impose various types of prohibitions on the redemption of
members shares, eg unconditional prohibitions or prohibitions
based on liquidity criteria.

A property interest that is held by a lessee under an operating

lease may be classified and accounted for as investment
property provided that:
TITLE
BC82The Exposure Draft of June 2002 proposed an option for
an entity that already applies IFRSs to designate any financial
asset as held for trading when it first applies the proposed
improvements.

(d) Although a new IFRS may have unforeseen

consequences if another party uses financial statements to
monitor compliance with a contract or agreement, that possibility
does not justify prospective application (paragraph BC13(a)).//
Application of a new accounting policy to the events and
transactions occurring after the date of the change

TITLE

IFRS 7.BC19 The Board believed that this is often a reasonable

proxy for the change in fair value that is attributable to changes
in the liabilitys credit risk

This Standard shall be applied by entities whose ordinary

shares or potential ordinary shares are publicly traded and by
entities that are in the process of issuing ordinary shares or
potential ordinary shares in public securities markets.

The costs of purchase of inventories comprise the purchase

price, import duties and other taxes (other than those
subsequently recoverable by the entity from the taxing
authorities), and transport, handling and other costs directly
attributable to the acquisition of finished goods, materials and
services.

Consequently, a financial instrument that gives the holder the

right to put the instrument back to the issuer for cash or another
financial asset (a 'puttable instrument') is a financial liability of
the issuer.
(i) the first-time adopter may have classified a past business
combination as an acquisition and recognised as an intangible
asset an item that does not qualify for recognition as an asset
under IAS 38 Intangible Assets.

IFRS 7 heading before para 34

IFRS 7.IG24(c) the amount of an entitys rated and unrated

credit exposures

(d) does not restate the accumulated depreciation and

amortisation of the net identifiable assets in (c), unless the
depreciation methods and rates under previous GAAP result in
amounts that differ materially from those required under IFRSs
(for example, if they were adopted solely for tax purposes and
do not reflect a reasonable estimate of the asset's useful life
under IFRSs).

IFRS 7.B19 In determining what a reasonably possible change

in the relevant risk variable is, an entity should consider

Trade discounts, rebates and other similar items are deducted

in determining the costs of purchase.

Recognised financial instruments include equity

instruments issued by the entity and financial assets and
financial liabilities that are within the scope of IAS 39.
This Standard provides guidance on the determination of cost
and its subsequent recognition as an expense, including any
write-down to net realisable value.
If those recognition criteria are met, the acquirer measures the
asset on the basis that IAS 38 would require in the separate
balance sheet of the acquiree.

The cost of inventories may not be recoverable if those

inventories are damaged, if they have become wholly or
partially obsolete, or if their selling prices have declined.

In some cases, the number of shares or the amount of paid-in

capital subject to a redemption prohibition may change from
time to time.

(b) ordinary shares issued on the voluntary reinvestment of

dividends on ordinary or preference shares are included when
dividends are reinvested;
Parties are considered to be related if one party has the ability
to control the other party or exercise significant influence over
the other party in making financial and operating decisions.

TITLE
Accordingly, the Board moved the reliability exception from the
definition to the section on subsequent measurement
(paragraphs 47-49).

The Board included the 'reliable measurement' test for using fair
value to measure these exchanges to minimise the risk that
entities could 'manufacture' gains by attributing inflated values
to the assets exchanged.

(ii) direct operating expenses (including repairs and

maintenance) arising from investment property that generated
rental income during the period; and

Normally derived from the current acquisition cost of a similar

asset, new or used, or of an equivalent productive capacity or
service potential.

IFRS 7.15(b) the fair value of any such collateral sold or

repledged, and whether the entity has an obligation to return it

The currency used in presenting the financial statements.

An enterprise for which there are users who rely on the financial
statements as their major source of financial information about
the enterprise.

When a reporting entity prepares financial statements, the

Standard requires each individual entity included in the
reporting entity-whether it is a stand-alone entity, an entity with
foreign operations (such as a parent) or a foreign operation
(such as a subsidiary or branch)-to determine its functional
currency and measure its results and financial position in that
currency.
For the disclosure required by paragraph 41 of the IFRS,
adjustments made centrally to an unpublished reporting
package are not corrections of errors.

An agreement to transfer a financial asset to another party in

exchange for cash or other consideration and a concurrent
obligation to reacquire the financial asset at a future date for an
amount equal to the cash or other consideration exchanged
plus int

An equity instrument is any contract that evidences a residual

interest in the assets of an entity after deducting all of its
liabilities.
The net amount which an enterprise expects to obtain for an
asset at the end of its useful life after deducting the expected
costs of disposal.

4 A restructuring provision of 250 was recognised under

previous GAAP at 1 January 2004, but did not qualify for
recognition under IFRS until the year ended 31 December 2004.

(b) The other exceptions prohibit full retrospective application

of IFRSs to some aspects of derecognition (paragraphs BC20-
BC23), hedge accounting (paragraphs BC75-BC80), and
estimates (paragraph BC84).

Interest, dividends and other revenue derived from the plan

assets, together with realised and unrealised gains or losses on
the plan assets, less any costs of administering the plan and
less any tax payable by the plan itself.
IG10 If an entity adopts the allowed alternative treatment in IAS
16 for some or all classes of property, plant and equipment, it
presents the cumulative revaluation surplus as a separate
component of equity.

The fair value of an asset at the date of a revaluation less any

subsequent accumulated depreciation.

TITLE

TITLE

An acquisition when an enterprise obtains ownership of the

shares of another enterprise but as part of the exchange
transaction issues enough voting shares, as consideration, such
that control of the combined enterprise passes to the owners of
the enterprise whose shares have been acquired.

If an entity sells a financial asset and retains only a right of first

refusal to repurchase the transferred asset at fair value if the
transferee subsequently sells it, the entity derecognises the
asset because it has transferred substantially all the risks and
rewards of ownership.

the period for which the entity has the right to explore in the
specific area has expired during the period or will expire in the
near future, and is not expected to be renewed.

(b) a bonus element in any other issue, for example a bonus

element in a rights issue to existing shareholders;

TITLE

IFRS 7.13(b) the nature of the risks and rewards of ownership to

which the entity remains exposed

Possibilities of losses from idle capacity or technological

obsolescence and of variations in return due to changing
economic conditions.

To minimise costs, an entity may request a qualified actuary to

carry out a detailed actuarial valuation at one or two of these
dates and roll the valuation(s) forward or back to the other
date(s).
If an entity obtains a full actuarial valuation at one or two of
these dates and rolls that (those) valuation(s) forward or back to
the other date(s), any such roll forward or roll back needs to
reflect material transactions and other material events (including
changes in market prices and interest rates) between those
dates (IAS 19, paragraph 57).

The sale of an asset by the vendor and the leasing of the same
asset back to the vendor. The rentals and the sale price are
usually interdependent as they are negotiated as a package and
need not represent fair values.

The process by which financial assets are transformed into

securities.

Those operating assets that are employed by a segment in its

operating activities and that either are directly attributable to the
segment or can be allocated to the segment on a reasonable
basis.

Expense resulting from the operating activities of a segment that

is directly attributable to the segment and the relevant portion of
an expense that can be allocated on a reasonable basis to the
segment, including expenses relating to sales to external c

Revenue reported in the enterprises income statement that is

directly attributable to a segment and the relevant portion of
enterprise revenue that can be allocated on a reasonable basis
to a segment, whether from sales to external customers or from
transactions with other segments of the same enterprise.

The cost of a self-constructed asset is determined using the

same principles as for an acquired asset.

Net realisable value is the estimated selling price in the ordinary

course of business less the estimated costs of completion and
the estimated costs necessary to make the sale.

Land and buildings are separable assets and are accounted for
separately, even when they are acquired together.

When an entity presents both consolidated financial statements

and separate financial statements prepared in accordance with
IAS 27 Consolidated and Separate Financial Statements, the
disclosures required by this Standard need be presented only
on the basis of the consolidated information.

When the costs of conversion of each product are not

separately identifiable, they are allocated between the products
on a rational and consistent basis.
The Board concluded that no exemption was justified for past
service cost.

(i) to recognise all derivatives or other interests, such as

servicing rights or servicing liabilities, retained after that
transaction that qualify for recognition under this Standard or
other IFRSs; and

(i) to recognise all derivatives or other interests, such as

servicing rights or servicing liabilities, retained after that
transaction that qualify for recognition under this Standard or
other IFRSs; and

IG31 Paragraph 24 of the IFRS applies if a subsidiary

becomes a first-time adopter later than its parent, for example if
the subsidiary previously prepared a reporting package under
IFRSs for consolidation purposes but did not present a full set of
financial statements under IFRSs.

A debtor's legal right, by contract or otherwise, to settle or

otherwise eliminate all or a portion of an amount due to a
creditor by applying against that amount an amount due from
the creditor.

To make a cash payment based on the change in fair value of

two offsetting derivatives.

The date that a financial asset is delivered to the enterprise that

purchased it.
Settlement date accounting refers to (a) the recognition of
an asset on the day it is received by the entity, and (b) the
derecognition of an asset and recognition of any gain or
loss on disposal on the day that it is delivered by the entity.

The economic effect of issuing such an instrument is

substantially the same as issuing simultaneously a debt
instrument with an early settlement provision and warrants to
purchase ordinary shares, or issuing a debt instrument with
detachable share purchase warrants.

those contingent liabilities that arise because the investor is

severally liable for all or part of the liabilities of the associate.

Potential voting rights such as share call options and

convertible debt are capable of changing an entity's voting
power over another entity-if the potential voting rights are
exercised or converted, then the relative ownership of the
ordinary shares carrying voting rights changes.
An example is a share consolidation combined with a special
dividend.

TITLE

Significant influence is the power to participate in the financial

and operating policy decisions of an entity, but is not control
over those policies.

(ii) to consolidate all special purpose entities controlled by the

transferor (see SIC-12 Consolidation-Special Purpose Entities).

Specific identification of cost means that specific costs are

attributed to identified items of inventory.

IFRS 7.IG 18(b) (such as investment grade or speculative

grade)
The respondents also argued that financial statements prepared
in accordance with International Financial Reporting Standards
could be presented on a stand-alone basis.

An embedded derivative is a component of a hybrid (combined)

instrument that also includes a non-derivative host contract-with
the effect that some of the cash flows of the combined
instrument vary in a way similar to a stand-alone derivative.

For this purpose, an entity could be a stand-alone entity, a

parent preparing consolidated financial statements or a parent,
an investor or a venturer preparing separate financial
statements in accordance with IAS 27 Consolidated and
Separate Financial Statements.

IFRS 7.IG31(d) has committed borrowing facilities (eg

commercial paper facilities) or other lines of credit (eg stand-by
credit facilities) that it can access to meet liquidity needs

(a) start-up costs (unless they are necessary to bring the

property to the condition necessary for it to be capable of
operating in the manner intended by management),

State-controlled entities are within the scope of International

Financial Reporting Standards, ie those that are profit-oriented
are no longer exempted from disclosing transactions with other
state-controlled entities.

new TITLE

The first annual financial statements in which an entity adopts

International Financial Reporting Standards (IFRSs), by an
explicit and unreserved statement of compliance with IFRSs.

Furthermore, a failure to disclose the effect of material errors

would obscure the 'results of the stewardship of management,
or the accountability of management for the resources entrusted
to it' (Framework, paragraph 14).

IFRS 7.BC29 Circle L represents the value of the liability

component, ie the value of the straight debt and the embedded
call option on the straight debt
These methods include the straight-line method, the diminishing
balance method and the units of production method.

IFRS 7.B19 A reasonably possible change should not include

remote or worst case scenarios or stress tests

An enterprise that is controlled by another enterprise (known as

the parent).

To enable an entity using this approach to use the information it

had already accumulated, ED 1 would have required it to
consider superseded versions of IFRSs if more recent versions
required prospective application.

An embedded option-based derivative (such as an embedded

put, call, cap, floor or swaption) is separated from its host
contract on the basis of the stated terms of the option feature.

The Standard does not provide special treatment for so-called

'synthetic instruments', which are groups of separate financial
instruments acquired and held to emulate the characteristics of
another instrument.

It follows that sales or transfers of held-to-maturity investments

before the date of transition to IFRSs do not trigger the 'tainting'
rules in IAS 39, paragraph 83.
take-or-pay and similar contracts, in which purchasers must
make specified payments regardless of whether they take
delivery of the contracted products or services (eg a take-or-pay
contract to acquire substantially all of the output of a suppliers
power generator).

(a) includes targeted exemptions to avoid costs that would be

likely to exceed the benefits to users of financial statements,
and a small number of other exceptions for practical reasons.
Gains and losses on foreign currency transactions and
exchange differences arising on translating the results and
financial position of an entity (including a foreign operation) into
a different currency may have tax effects.

8 The above changes increased the deferred tax liability as

follows:
However, in some cases, an entity's amortisation methods and
rates under previous GAAP may differ from those that would be
acceptable under IFRSs (for example, if they were adopted
solely for tax purposes and do not reflect a reasonable estimate
of the asset's useful life).

(i) identifiable assets less liabilities for which IFRSs require

cost-based measurement at a date after the business
combination: 200 (with a tax base of 150 and an applicable tax
rate of 30 per cent).

An exploration and evaluation asset shall no longer be classified

as such when the technical feasibility and commercial viability of
extracting a mineral resource are demonstrable.

A difference between the carrying amount of an asset or liability

in the balance sheet and its tax base. A temporary difference
may be either: (a) a taxable temporary difference; or(b) a
deductible temporary difference.

Preference shares may be repurchased under an entity's tender

offer to the holders.

However, entity D tests the goodwill for impairment under IAS

36 Impairment of Assets, and recognises any resulting
impairment loss (paragraph B2(g)).

TITLE

Calculation of theoretical ex-rights value per share

The time-weighting factor is the number of days that the shares
are outstanding as a proportion of the total number of days in
the period; a reasonable approximation of the weighted average
is adequate in many circumstances.

(c) requiring or permitting the recognition of gains from such

exchanges enables entities to 'manufacture' gains by attributing
inflated values to the assets exchanged, if the assets do not
have observable market prices in active markets.

An entity may sell a financial asset to a transferee and enter into

a total return swap with the transferee, whereby all of the
interest payment cash flows from the underlying asset are
remitted to the entity in exchange for a fixed payment or variable
rate payment and any increases or declines in the fair value of
the underlying asset are absorbed by the entity.

Trade date accounting refers to (a) the recognition of an asset

to be received and the liability to pay for it on the trade date, and
(b) derecognition of an asset that is sold, recognition of any gain
or loss on disposal and the recognition of a receivable from the
buyer for payment on the trade date.

IFRS 7.IG34(b) other line items of profit or loss (such as trading

gains and losses)

Incremental costs that are directly attributable to the acquisition

or disposal of a financial asset or liability.

IFRS 7.28 Nevertheless, the best evidence of fair value at initial

recognition is the transaction price (ie the fair value of the
consideration given or received), unless conditions described in
paragraph AG76 of IAS 39 are met

The following total:(a) the present value of the obligation at the

date of adopting IAS 19 (revised); (b) minus the fair value, at the
date of adoption, of plan assets (if any) out of which the
obligations are to be settled directly;(c) minus any past service
cost that should be recognised in later periods.

(a) the cumulative translation differences for all foreign

operations are deemed to be zero at the date of transition to
IFRSs; and
When an entity presents its financial statements in a currency
that is different from its functional currency, it shall describe the
financial statements as complying with International Financial
Reporting Standards only if they comply with all the
requirements of each applicable Standard and each applicable
Interpretation of those Standards including the translation
method set out in paragraphs 39 and 42.

(e) the 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;

Use of a presentation currency other than the functional

currency - translation to the presentation currency

Each such exemption would have moved the IFRS away from a
principles-based approach, diminished transparency for users,
decreased comparability over time within an entity's first IFRS
financial statements and created additional complexity.

Equity instruments re-acquired and held by the issuing

enterprise itself or by its subsidiaries.

When neither the entity's parent nor the ultimate controlling

party produces financial statements available for public use, the
entity discloses the name of the next most senior parent that
does so.

An unconditional prohibition may be absolute, in that all

redemptions are prohibited. An unconditional prohibition may
be partial, in that it prohibits redemption of members shares if
redemption would cause the number of members shares or
amount of paid-in capital from members shares to fall below a
specified level.

Members shares are equity if the entity has an unconditional

right to refuse redemption of the members shares.

In some arrangements, the underlying asset that is the subject

of the lease is a portion of a larger asset.
(d) A contract that will be settled in a variable number of the
entity's own shares whose value equals a fixed amount or an
amount based on changes in an underlying variable (eg a
commodity price) is a financial asset or a financial liability.
For those instruments that are not convertible into a class of
ordinary shares, profit or loss for the period is allocated to the
different classes of shares and participating equity instruments
in accordance with their dividend rights or other rights to
participate in undistributed earnings.

IFRS 7.B13 For example, an undrawn loan commitment is

included in the time band containing the earliest date it can be
drawn down

The equivalent exemption in ED 1 would have been available

only in cases of undue cost or effort and would have required a
first-time adopter to use the CTDs determined under previous
GAAP as deemed CTDs for IFRSs (paragraphs BC53-BC55).

The difference between:(a) the aggregate of the minimum lease

payments under a finance lease from the standpoint of the
lessor and any unguaranteed residual value accruing to the
lessor; and(b) the present value of (a) above, at the interest rate
implicit in the lease.

Uniform accounting policies IN13.The Standard

requires an investor to make appropriate adjustments to the
associates financial statements to conform them to the
investors accounting policies for reporting like transactions and
other events in similar circumstances. The previous version of
IAS 28 provided an exception to this requirement when it was
not practicable to use uniform accounting policies.

Nevertheless, arrangements in which the underlying asset

would represent a unit of account in either IAS 16 or IAS 38 are
within the scope of this Interpretation.
The costs of conversion of inventories include costs directly
related to the units of production, such as direct labour.

A subsidiary is not excluded from consolidation simply because

the investor is a venture capital organisation, mutual fund, unit
trust or similar entity

A business combination in which the shareholders of the

combining enterprises combine control over the whole, or
effectively the whole, of their net assets and operations to
achieve a continuing mutual sharing in the risks and benefits
attaching to the combined entity such that neither party can be
identified as the acquirer.

IFRS 7.10 (a) 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
If investments in unquoted equity instruments or derivatives
linked to such equity instruments are measured at cost under
IAS 39 because their fair values cannot be measured reliably,
the information about fair value set out in paragraphs 86 and 92
is not required to be disclosed.

Unrecognised financial instruments include some financial

instruments that, although outside the scope of IAS 39, are
within the scope of this Standard (such as some loan
commitments).

IFRS 7.IG21 For example, an entity might determine that

residential mortgages, unsecured consumer loans, and
commercial loans each have different economic characteristics

For example, sales of assets from an associate to the investor

(or its consolidated subsidiaries).

The first was to give preparers and users time to gain

experience with using a fair value model.
(a) includes targeted exemptions to avoid costs that would be
likely to exceed the benefits to users of financial statements,
and a small number of other exceptions for practical reasons.

(c) whether its financial statements include financial instruments

measured at fair values that are determined in full or in part
using a valuation technique based on assumptions that are not
supported by observable market prices or rates.

IFRS 7.41 If an entity prepares a sensitivity analysis, such as

value-at-risk, that reflects interdependencies between risk
variables (eg interest rates and exchange rates) and uses it to
manage financial risks, it may use that sensitivity analysis in
place of the analysis specified in paragraph 40

Those indirect costs of production that vary directly, or nearly

directly, with the volume of production, such as indirect
materials and indirect labour.
A warranty obligation that permits or requires the substitution of
the same or similar assets when the specified asset is not
operating properly does not preclude lease treatment.

The repurchase of a financial asset shortly after it has been sold

is sometimes referred to as a wash sale.

(b) expected physical wear and tear, which depends on

operational factors such as the number of shifts for which the
asset is to be used and the repair and maintenance programme,
and the care and maintenance of the asset while idle.

The weighted average number of ordinary shares outstanding

during the period is the number of ordinary shares outstanding
at the beginning of the period, adjusted by the number of
ordinary shares bought back or issued during the period
multiplied by a time-weighting factor.

Under the weighted average cost formula, the cost of each item
is determined from the weighted average of the cost of similar
items at the beginning of a period and the cost of similar items
purchased or produced during the period.

the parent is itself a wholly-owned subsidiary, or is a partially-

owned subsidiary of another entity and its other owners,
including those not otherwise entitled to vote, have been
informed about, and do not object to, the parent not presenting
consolidated financial statement
Common classifications of inventories are merchandise,
production supplies, materials, work in progress and finished
goods.

IFRS 7.B19 A reasonably possible change should not include

remote or worst case scenarios or stress tests
IFRS 7.B5(d)(ii) the criteria for writing off amounts charged to
the allowance account against the carrying amount of impaired
financial assets (see paragraph 16).

When the circumstances that previously caused inventories to

be written down below cost no longer exist or when there is
clear evidence of an increase in net realisable value because of
changed economic circumstances, the amount of the write-
down is reversed (ie the reversal is limited to the amount of the
original write-down) so that the new carrying amount is the
lower of the cost and the revised net realisable value.

29 An entity shall not reflect in its opening IFRS balance

sheet a hedging relationship of a type that does not qualify for
hedge accounting under IAS 39 (for example, many hedging
relationships where the hedging instrument is a cash instrument
or written option; where the hedged item is a net position; or
where the hedge covers interest risk in a held-to-maturity
investment).

The number of dilutive potential ordinary shares included in the

year-to-date period is not a weighted average of the dilutive
potential ordinary shares included in each interim computation.

IFRS 7.IG38 For example, an entity may acquire a zero-cost

interest rate collar that includes an out-of-the-money leveraged
written option (eg the entity pays ten times the amount of the
difference between a specified interest rate floor and the current
market interest rate).

Such an arrangement is often described as a build-operate-

transfer, a rehabilitate-operate-transfer or a public-to-private
service concession arrangement.

Two or more operating segments may be aggregated into a

single operating segment if aggregation is consistent with the
core principle of this IFRS
Such an arrangement is often described as a build-operate-
transfer, a rehabilitate-operate-transfer or a public-to-private
service concession arrangement.
it is sufficient for the price to be regulated by the grantor,
contract or regulator, for example by a capping mechanism.

The term identifies a function, not necessarily a manager with a

specific title. That function is to allocate resources to and assess
the performance of the operating segments of an entity. Often
the chief operating decision maker of an entity is its chief
executive officer or chief operating officer but, for example, it
may be a group of executive directors or others.

however, it decided that a competitive-harm exemption was

inappropriate because it would provide a means for broad
noncompliance with this Statement.
The operator constructs or upgrades infrastructure (construction
or upgrade services) used to provide a public service and
operates and maintains that infrastructure (operation services)
for a specified period of time.

The entity restates its financial statements on the basis of the

following general price indices and conversion factors:

entitys country of domicile

long-lived segment assets (other than financial instruments,

long-term customer relationships of a financial institution,
mortgage and other servicing rights, deferred policy acquisition
costs, and deferred tax assets)

.entities that hold assets in a fiduciary capacity

the party that grants the service arrangement (the grantor) is a
public sector entity, including a governmental body, or a private
sector entity to which the responsibility for the service has been
devolved.

IFRS 2- precedes

All household equipment sold before that date is deemed to

give rise to historical waste for the purposes of the Directive.

TITLE

This Interpretation does not address how to account for such an

intragroup payment arrangement.

Contractual obligations to restore the infrastructure to a

specified level of serviceability
Title

this Statement uses a modified management approach that

includes both aggregation criteria and quantitative thresholds for
determining reportable operating segments.
when entities use a matrix form of organisation, the components
based on products and services should be the basis for the
operating segments
material non-cash items other than depreciation and
amortisation
term not-for-profit organizations applies to a wide variety of
entities, some of which are similar to business enterprises and
some of which are very different

Information used by management in making operating decisions

Title
the operator is responsible for at least some of the management
of the infrastructure and related services and does not merely
act as an agent on behalf of the grantor.

the Board proposed extending the scope of the IFRS to all

entities that have public accountability rather than just entities
whose securities are publicly traded.
In many countries, infrastructure for public servicessuch as
roads, bridges, tunnels, prisons, hospitals, airports, water
distribution facilities, energy supply and telecommunication
networkshas traditionally been constructed, operated and
maintained by the public sector and financed through public
budget appropriation.

A coalition of over 300 organisations from more than 50

countries known as the Publish What You Pay campaign
requested that the scope of the IFRS should be extended to
require additional disclosure on a country-by-country basis

for identifying reportable segments

This Interpretation does not address remeasurement issues
arising from a reassessment of embedded derivatives. // TITLE

Such an arrangement is often described as a build-operate-

transfer, a rehabilitate-operate-transfer or a public-to-private
service concession arrangement.
if the question in paragraph 4 were to arise in the context of the
restricted shares, the phrase the fair value of the sharebased
payment would refer to the fair value of the restricted shares,
not the fair value of other, unrestricted shares.

The Standard is silent on this issue and the IFRIC was informed
that as a result there was a risk of divergence in practice

The term identifies a function, not necessarily a manager with a

specific title. The chief operating decision maker also may be
the segment manager for some operating segments. A single
manager may be the segment manager for more than one
operating segment.

TITLE

When the goods or services received are unidentifiable, the

IFRIC concluded that the grant date is the most appropriate
date for the purposes of providing a surrogate measure of the
unidentifiable goods or services received (or to be received)

IFRIC 12 includes whole of life infrastructure(ie infrastructure

used in a public-to-private service arrangement for its entire
useful life) within its scope.
Title
Customer loyalty programmes are used by entities to provide
customers with incentives to buy their goods or services.

If a customer buys goods or services, the entity grants the

customer award credits (often described as points)

Judgement is required to select and apply the estimation

technique that satisfies the requirements of paragraph 6 of the
consensus and is most appropriate in the circumstances

A dividing line could lead to inconsistencies and accounting arbitrage.

IAS 18 does not prescribe an allocation method for multiple-
component sales.

Customer loyalty programmes may create or enhance customer

relationship intangible assets.

For the purpose of this Interpretation, minimum funding

requirements are any requirements to fund a post-employment
or other long-term defined benefit plan
An entity shall determine the availability of a refund or a
reduction in future contributions in accordance with the terms
and conditions of the plan and any statutory requirements in the
jurisdiction of the plan

If there is no minimum funding requirement, an entity shall

determine the economic benefit available as a reduction in
future contributions as the lower of (a) the surplus in the plan
and (b) the present value of the future service cost to the
entity, ...

An entity shall calculate the future minimum funding

contributions required in respect of the future accrual of benefits
taking into account the effect of any existing surplus on the
minimum funding requirement basis

If the plan liability is settled by an immediate wind-up, the costs

associated with the wind-up may be significant.

Other comprehensive income comprises items of income and

expense (including reclassification adjustments) that are not
recognised in profit or loss as required or permitted by other
IFRSs

replaces "balance sheet"

An entity shall present all items of income and expense

recognised in a period: a) in a single statement of
comprehensive income, or b) in two statements: a statement
displaying components of profit or loss (separate income
statement) and a second statement beginning with profit or loss
and displaying components of other comprehensive income
(statement of comprehensive income)

replaces "balance sheet date" and "reporting date"

replaces "equity holder"
A complete set of financial statements includes a statement of
financial position, a statement of comprehensive income, a
statement of cash flows, a statement of changes in equity, and
notes.

This ratio is calculated as net debt adjusted capital.

all changes in equity arising from transactions with owners in
their capacity as owners

An entity is not permitted to present components of

comprehensive income (ie non-owner changes in equity) in the
statement of changes in equity

General purpose financial statements (referred to as financial

statements) are those intended to meet the needs of users who
are not in a position to require an entity to prepare reports
tailored to their particular information needs

An entity shall present with equal prominence all of the financial

statements in a complete set of financial statements

Accordingly, the boards decided to require the use of one

method of accounting for business combinationsthe
acquisition method

The consideration transferred in a business combination

(including any contingent consideration) is measured at fair
value.
even if this results in the non-controlling interests having a
deficit balance.

Those costs include finders fees; advisory, legal, accounting,

valuation and other professional or consulting fees
An entity shall not restate the carrying amount of an investment
in a former subsidiary if control was lost before it applies those
amendments

However, the IFRS provides accounting requirements for

reacquired rights, contingent liabilities, contingent consideration
and indemnification assets.

recognises any investment retained in the former subsidiary at

its fair value at the date when control is lost

If a member of the group uses accounting policies other than

those adopted in the consolidated financial statements for like
transactions and events in similar circumstances, appropriate
adjustments are made to its financial statements in preparing
the consolidated financial statements

the fair value of the consideration received, if any, from the

transaction, event or circumstances that resulted in the loss of
control

However, sometimes circumstances indicate that the multiple

arrangements should be accounted for as a single transaction.
Non-controlling interests must be presented in the consolidated
statement of financial position within equity, separately from the
parent owners equity.

The aggregate cash flows arising from obtaining or losing

control acquisitions and from disposals of subsidiaries or other
businesses units shall be presented separately and classified as
investing activities.
In addition, to qualify for recognition as part of applying the
acquisition method, the identifiable assets acquired and
liabilities assumed must be part of what the acquirer and the
acquiree (or its former owners)
Disposal or partial disposal of a foreign operation

However, see paragraph 29, which establishes an exception to

the fair value measurement principle for reacquired rights
recognised in a business combination.
An acquirer may exchange its share-based payment awards
(replacement awards) for awards held by employees of the
acquiree.
Title

Instruments, or components of instruments, that impose on the

entity an obligation to deliver to another party a pro rata share of
the net assets of the entity only on liquidation

An issuer of non-puttable ordinary shares assumes a liability

when it formally acts to make a distribution and becomes legally
obligated to the shareholders to do so. This may be the case
following the declaration of a dividend or when the entity is
being wound up and any assets remaining after the satisfaction
of liabilities become distributable to shareholders

Title

In 2007 the Board considered situations in which an entity is

committed to a plan to sell the controlling interest in a subsidiary
and, after the sale, retains a non-controlling interest in its former
subsidiary, taking the form of an investment in an associate, an
investment in a joint venture or a financial asset.

The change in quality (for example, genetic merit, density,

ripeness, fat cover, protein content, and fibre strength) or
quantity (for example, progeny, weight, cubic metres, fibre
length or diameter, and number of buds) brought about by
biological transformation or harvest is measured and monitored
as a routine management function.

Title

..or whether the hedged risk may also include any foreign
exchange differences between the functional currency of the
foreign operation and any intermediate or ultimate parent entity
(ie whether the fact that the net investment in the foreign
operation is held through an intermediate parent affects the
economic risk to the ultimate parent).

when a foreign operation that was hedged is disposed of, what

amounts from the parent entitys foreign currency translation
reserve in respect of the hedging instrument and in respect of
that foreign operation should be reclassified from equity to profit
or loss in the parent entitys consolidated financial statements
The carrying amount of the net assets of a foreign operation that
may be designated as the hedged item in the consolidated
financial statements of a parent depends on whether any lower
level parent of the foreign operation has applied hedge
accounting for all or part of the net assets of that foreign
operation and that accounting has been maintained in the
parents consolidated financial statements

A hedging relationship designated by one parent entity in its

consolidated financial statements need not be maintained by
another higher level parent entity.

The step-by-step method is the method of consolidation in

which the financial statements of the foreign operation are first
translated into the functional currency of any intermediate
parent(s) and then translated into the functional currency of the
ultimate parent (or the presentation currency if different)

the designated risk is the spot foreign exchange risk because

the hedging instruments are not derivatives

TITLE

entities that undertake the construction of residential real estate

may start to market individual units (apartments or houses) off
plan, ie while construction is still in progress, or even before it
has begun

The balance of the purchase price is generally paid to the entity

only on contractual completion, when the buyer obtains
possession of the unit.

This Interpretation applies to the accounting for revenue and

associated expenses by entities that undertake the construction
of real estate directly or through subcontractors

the methods used to determine the stage of completion of

agreements in progress

TITLE

The intrinsic value of a purchased option hedging instrument

(assuming that it has the same principal terms as the
designated risk), but not its time value, reflects a one-sided risk
in a hedged item.

TITLE

distributions of non-cash assets (eg items of property, plant and

equipment, businesses as defined in IFRS 3, ownership
interests in another entity or disposal groups as defined in IFRS
5)
If an entity gives its owners a choice of receiving either a non-
cash asset or a cash alternative, the entity shall estimate the
dividend payable by considering both the fair value of each
alternative and the associated probability of owners selecting
each alternative

This Interpretation applies to the following types of non-

reciprocal distributions of assets by an entity to its owners acting
in their capacity as owners

A non-current asset (or disposal group) is classified as held for

distribution to owners when the entity is committed to distribute
the asset (or disposal group) to the owners.

See events after the reporting period

When financial assets are impaired by credit losses and the

entity records the impairment in a separate account (eg 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, it
shall disclose a reconciliation of changes in that account during
the period for each class of financial assets.

When financial assets are impaired by credit losses and the

entity records the impairment in a separate account (eg 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, it
shall disclose a reconciliation of changes in that account during
the period for each class of financial assets.

The financial statements of the parent and its subsidiaries used

in the preparation of the consolidated financial statements shall
be prepared as of the same date. When the end of the reporting
period of the parent is different from that of a subsidiary, the
subsidiary prepares, for consolidation purposes, additional
financial statements as of the same date as the financial
statements of the parent unless it is impracticable to do so.

Control is the power to govern the financial and operating

policies of an entity so as to obtain benefits from its activities.

The reliable determination of deferred tax assets and liabilities

on a discounted basis requires detailed scheduling of the timing
of the reversal of each temporary difference.
Title

See events after the reporting period

The rendering of services typically involves the performance by

the entity of a contractually agreed task over an agreed period
of time.

TITLE

For example, an entity outsourcing its information technology

functions may transfer its existing items of property, plant and
equipment to the outsourcing provider.

In some cases, the transferor of the asset may not be the entity
that will eventually have ongoing access to the supply of goods
or services and will be the recipient of those goods or services.

The entity that receives from a customer a transfer of an item of

property, plant and equipment shall consider all relevant facts
and circumstances when assessing control of the transferred
item.

TITLE

TITLE

TITLE
Title

Title
Title

Title
Title

Title

Title

If the reporting entity is itself such a plan, the sponsoring

employers are also related to the reporting entity

A government-related entity is an entity that is controlled, jointly

controlled or significantly influenced by a government

For the purpose of this IFRS, interest is consideration for the

time value of money and for the credit risk associated with the
principal amount outstanding during a particular period of time

an entity may, at initial recognition, designate a financial asset

as measured at fair value through profit or loss if doing so
eliminates or significantly reduces a measurement or
recognition inconsistency (sometimes referred to as an
accounting mismatch) that would otherwise arise from
measuring assets or liabilities or recognising the gains and
losses on them on different bases

An embedded derivative is a component of a hybrid contract

that also includes a non-derivative hostwith the effect that
some of the cash flows of the combined instrument vary in a
way similar to a stand-alone derivative

The entitys business model for managing financial assets

The first day of the first reporting period following the change in
business model that results in an entity reclassifying financial
assets
The entitys business model does not depend on managements
intentions for an individual instrument. Accordingly, this
condition is not an instrument-by-instrument approach to
classification and should be determined on a higher level of
aggregation

Leverage increases the variability of the contractual cash flows

with the result that they do not have the economic
characteristics of interest

The fact that a full recourse loan is collateralised does not in

itself affect the analysis of whether the contractual cash flows
are solely payments of principal and interest on the principal
amount outstanding

Instrument F is a loan that pays an inverse floating interest rate

(ie the interest rate has an inverse relationship to market
interest rates)
Financial assets measured at fair value through other
comprehensive income

TITLE

A debtor and creditor might renegotiate the terms of a financial

liability with the result that the debtor extinguishes the liability
fully or partially by issuing equity instruments to the creditor.
These transactions are sometimes referred to as debt for equity
swaps

the treatment of prepayments of future contributions in some

circumstances when there is a minimum funding requirement

TITLE

Liabilities that are held for trading (including all derivative

liabilities) were measured at fair value.

Although the Board had originally proposed a symmetrical

approach for financial assets and financial liabilities in the
exposure draft published in 2009, the Board decided to retain
most of the requirements in IAS 39 for classifying and
measuring financial liabilities because constituents told the
Board that those requirements were working well in practice.

Consistently with the requirements in IFRS 9 for investments in

unquoted equity instruments (and derivative assets linked to
those investments), the exception from fair value measurement
was eliminated for derivative liabilities that are linked to and
must be settled by delivery of an unquoted equity instrument.

The requirements related to the fair value option for financial

liabilities were changed to address own credit risk.

The part comprises only specifically identified cash flows from a

financial asset (or a group of similar financial assets).

The part comprises only a fully proportionate (pro rata) share of

the cash flows from a financial asset (or a group of similar
financial assets).
The part comprises only a fully proportionate (pro rata) share of
specifically identified cash flows from a financial asset (or a
group of similar financial assets).

When an entity retains the contractual rights to receive the cash

flows of a financial asset (the original asset), but assumes a
contractual obligation to pay those cash flows to one or more
entities (the eventual recipients), the entity treats the
transaction as a transfer of a financial asset if, and only if, all of
the following three conditions are met.

In addition, the entity is not entitled to reinvest such cash flows,

except for investments in cash or cash equivalents (as defined
in IAS 7 Statement of Cash Flows) during the short settlement
period from the collection date to the date of required remittance
to the eventual recipients, and interest earned on such
investments is passed to the eventual recipients.
An entity has transferred substantially all the risks and rewards
of ownership of a financial asset if its exposure to such
variability is no longer significant in relation to the total variability
in the present value of the future net cash flows associated with
the financial asset (eg because the entity has sold a financial
asset subject only to an option to buy it back at its fair value at
the time of repurchase or has transferred a fully proportionate
share of the cash flows from a larger financial asset in an
arrangement, such as a loan sub-participation, that meets the
conditions in paragraph 3.2.5).

If an entity transfers a financial asset in a transfer that qualifies

for derecognition in its entirety and retains the right to service
the financial asset for a fee, it shall recognise either a servicing
asset or a servicing liability for that servicing contract.

If an entity transfers a financial asset in a transfer that qualifies

for derecognition in its entirety and retains the right to service
the financial asset for a fee, it shall recognise either a servicing
asset or a servicing liability for that servicing contract.

When an entity allocates the previous carrying amount of a

larger financial asset between the part that continues to be
recognised and the part that is derecognised, the fair value of
the part that continues to be recognised needs to be
determined.

(a) When the entitys continuing involvement takes the form of

guaranteeing the transferred asset, the extent of the entitys
continuing involvement is the lower of (i) the amount of the
asset and (ii) the maximum amount of the consideration
received that the entity could be required to repay (the
guarantee amount).

If a transferor provides non-cash collateral (such as debt or

equity instruments) to the transferee, the accounting for the
collateral by the transferor and the transferee depends on
whether the transferee has the right to sell or repledge the
collateral and on whether the transferor has defaulted.

A derivative that was previously a designated and effective

hedging instrument in a cash flow hedge or net investment
hedge no longer qualifies as such.

At the date of initial application, an entity:

(c) may revoke its previous designation of a financial liability as
measured at fair value through profit or loss if such designation
was made at initial recognition in accordance with the condition
now in paragraph 4.2.2(a) and such designation satisfies that
condition at the date of initial application.

(a) the economic characteristics and risks of the embedded

derivative are not closely related to the economic characteristics
and risks of the host (see paragraphs B4.3.5 and B4.3.8)

At the date of initial application, an entity shall determine

whether the treatment in paragraph 5.7.7 would create or
enlarge an accounting mismatch in profit or loss on the basis of
the facts and circumstances that exist at the date of initial
application.
A financial liability that meets either of the following conditions.
(a) It meets the definition of held for trading.
(b) Upon initial recognition it is designated by the entity as at
fair value through profit or loss in accordance with paragraph
4.2.2 or 4.3.5.

A forward contract that is within the scope of this IFRS (see

paragraph 2.1) is recognised as an asset or a liability on the
commitment date, rather than on the date on which settlement
takes place.

In applying paragraph 3.2.5, the entity could be, for example,

the originator of the financial asset, or it could be a group that
includes a consolidated special purpose entity that has acquired
the financial asset and passes on cash flows to unrelated third
party investors.

For example, if the entity would not give up any interest upon
termination or transfer of the servicing contract, the entire
interest spread is an interest-only strip receivable.
Readily obtainable assets subject to a call option that is neither
deeply in the money nor deeply out of the money.
A removal of accounts provision is an unconditional repurchase
(call) option that gives an entity the right to reclaim assets
transferred subject to some restrictions.
An entity may transfer to a transferee a fixed rate financial asset
that is paid off over time, and enter into an amortising interest
rate swap with the transferee to receive a fixed interest rate and
pay a variable interest rate based on a notional amount.

If the notional amount of the swap amortises so that it equals

the principal amount of the transferred financial asset
outstanding at any point in time, the swap would generally result
in the entity retaining substantial prepayment risk, in which case
the entity either continues to recognise all of the transferred
asset or continues to recognise the transferred asset to the
extent of its continuing involvement.

Although legal release, whether judicially or by the creditor,

results in derecognition of a liability, the entity may recognise a
new liability if the derecognition criteria in paragraphs 3.2.1
3.2.23 are not met for the financial assets transferred.

An embedded non-option derivative (such as an embedded

forward or swap) is separated from its host contract on the basis
of its stated or implied substantive terms, so as to result in it
having a fair value of zero at initial recognition.

(f) Credit derivatives that are embedded in a host debt

instrument and allow one party (the beneficiary) to transfer the
credit risk of a particular reference asset, which it may not own,
to another party (the guarantor) are not closely related to the
host debt instrument.

(f) Credit derivatives that are embedded in a host debt

instrument and allow one party (the beneficiary) to transfer the
credit risk of a particular reference asset, which it may not own,
to another party (the guarantor) are not closely related to the
host debt instrument.

This IFRS uses the terms bid price and asking price
(sometimes referred to as current offer price) in the context of
quoted market prices, and the term the bid-ask spread to
include only transaction costs.
Foreign currency exchange prices. Active currency exchange
markets exist for most major currencies, and prices are quoted
daily in financial publications.
Prepayment risk and surrender risk. Expected prepayment
patterns for financial assets and expected surrender patterns for
financial liabilities can be estimated on the basis of historical
data.

Servicing costs for a financial asset or a financial liability. Costs

of servicing can be estimated using comparisons with current
fees charged by other market participants.
Asset-specific performance risk is not related to the risk that an
entity will fail to discharge a particular obligation but rather it is
related to the risk that a single asset or a group of assets will
perform poorly (or not at all).

If a transfer does not result in derecognition because the entity

has retained substantially all the risks and rewards of ownership
of the transferred asset, the entity shall continue to recognise
the transferred asset in its entirety and shall recognise a
financial liability for the consideration received.

Continuing involvement could be established in two ways: (a) a

reacquisition provision (such as a call option, put option or
repurchase agreement) and (b) a provision to pay or receive
compensation based on changes in value of the transferred
asset (such as a credit guarantee or net cash-settled option).

Continuing involvement could be established in two ways: (a) a

reacquisition provision (such as a call option, put option or
repurchase agreement) and (b) a provision to pay or receive
compensation based on changes in value of the transferred
asset (such as a credit guarantee or net cash-settled option).

However, there was limited support for the proposed continuing

involvement approach.

In particular, the Board decided that an evaluation of the transfer

of risks and rewards should precede an evaluation of the
transfer of control for all types of transactions.

In particular, the Board decided that an evaluation of the transfer

of risks and rewards should precede an evaluation of the
transfer of control for all types of transactions.

This accounting treatment was consistent with the treatment of

repurchase transactions and some assets subject to deep in-
the-money options under the original IAS 39.

The Board decided that control should be evaluated by looking

to whether the transferee has the practical ability to sell the
asset.

The original IAS 39 did not provide explicit guidance about the
extent to which derecognition is appropriate for contractual
arrangements in which an entity retains its contractual right to
receive the cash flows from an asset, but assumes a contractual
obligation to pay those cash flows to another entity (a pass-
through arrangement).

The original IAS 39 did not provide explicit guidance about the
extent to which derecognition is appropriate for contractual
arrangements in which an entity retains its contractual right to
receive the cash flows from an asset, but assumes a contractual
obligation to pay those cash flows to another entity (a pass-
through arrangement).
To illustrate the issue using a simple example, assume the
following. Entity A makes a five-year interest-bearing loan (the
original asset) of CU100 to Entity B.
Accordingly, the exposure draft published in 2009 proposed that
entities should classify financial assets into two primary
measurement categories: amortised cost and fair value (the
mixed attribute approach).

(c) how the basic loan features condition should be applied.

Accordingly, the exposure draft published in 2009 proposed that

a financial asset should be measured at amortised cost only if it
is managed on a contractual yield basis.

For example, if an investment bank uses a trading business

model, it could not easily become a savings bank that uses an
originate and hold business model.
Therefore, a business model is very different from management
intentions, which can relate to a single instrument.

Cash flows that are interest always have a close relation to the
amount advanced to the debtor (the funded amount) because
interest is consideration for the time value of money and the
credit risk associated with the issuer of the instrument and with
the instrument itself.

A structured investment vehicle may issue different tranches to

create a waterfall structure that prioritises the payments by the
issuer to the holders of the different tranches.

However, it noted that, for contractually linked instruments that

effect concentrations of credit risk, many respondents did not
agree that the contractual cash flow characteristics determined
by the terms and conditions of the financial asset in isolation
best reflected the economic characteristics of that financial
asset.

Respondents proposed other approaches in which an investor

looks through to the underlying pool of instruments of a
waterfall structure and measures the instruments at fair value if
looking through is not possible.

The Board agreed that the general classification approach in

IFRS 9 should apply to financial assets acquired at a discount
that reflects incurred credit losses.

Some respondents suggested retaining a three-category

approach, ie including a third category similar to the available-
for-sale category in IAS 39.

Originated loan approach: In developing an approach to

distinguish between financial assets measured at fair value and
amortised cost the Board considered a model in which only
loans originated by the entity would qualify for amortised cost
measurement.

During the outreach programme, the Board explored several

approaches for classification and subsequent measurement of
financial liabilities that would exclude the effects of changes in a
liabilitys credit risk from profit or loss, including:

(b) measuring liabilities at an adjusted fair value whereby the

liability would be remeasured for all changes in fair value except
for the effects of changes in its credit risk (ie the frozen credit
spread method).
(b) measuring liabilities at an adjusted fair value whereby the
liability would be remeasured for all changes in fair value except
for the effects of changes in its credit risk (ie the frozen credit
spread method).

(c) The bifurcation methodology in IAS 39 is generally working

well and practice has developed since those requirements were
issued.
The almost unanimous view was that a full fair value amount is
more understandable and useful than an adjusted fair value
amount that ignores the effects of changes in the liabilitys credit
risk.

However, the Board noted that some of the prudential

supervisors that oversee these entities expressed concern that
the fair value option might be used inappropriately.

The arguments included (a) concerns regarding inclusion of

own credit risk in the measurement of financial liabilities and (b)
the prohibition on using non-derivatives as hedging instruments
(cash instrument hedging).

During its discussions about subsequent classification and

measurement of financial liabilities in 2010 (see paragraphs
BC4.46BC4.53), the Board considered whether it was
necessary to propose any changes to the eligibility conditions
for designating financial liabilities under the fair value option.

The Board noted that both would rely on the assessment of

whether an embedded derivative is closely related to the host.

The inconsistency related to embedded prepayment options in

which the exercise price represented a penalty for early
repayment (ie prepayment) of the loan.

(a) Disclosure approach: Quantitative and qualitative disclosure

(instead of reclassification) could be used to address when the
classification no longer reflects how the financial assets would
be classified if they were newly acquired.

(b) One-way reclassification: Reclassification would be required

only to fair value measurement, ie reclassification to amortised
cost measurement would be prohibited.

The Board decided to clarify that the objective of fair value

measurement is to arrive at the price at which a transaction
would occur at the balance sheet date in the same instrument
(ie without modification or repackaging) in the most
advantageous active market to which an entity has immediate
access.

The Board believes that when an entity has offsetting risk

positions, using the mid-market price is appropriate because the
entity (a) has locked in its cash flows from the asset and liability
and (b) potentially could sell the matched position without
incurring the bid-ask spread.

In other words, could the fair value be less than the amount
payable on demand, discounted from the first date that an
amount could be required to be paid (the demand amount),
such as the amount of the deposit discounted for the period that
the entity expects the deposit to be outstanding?

Many respondents, including many users, did not support the

proposal to prohibit subsequent transfer (recycling) of fair value
changes to profit or loss (on derecognition of the investments in
an equity instrument).
The exposure draft published in 2010 proposed a two-step
approach for presenting a liabilitys credit risk in the statement
of comprehensive income, with the result that those changes
would not affect profit or loss.

The exposure draft also set out a one-step approach, which

would present the portion of the fair value change that is
attributable to changes in the liabilitys credit risk directly in other
comprehensive income.

In the second step, the entity would back out from profit or loss
the portion of the fair value change that is attributable to
changes in the liabilitys credit risk and present that amount in
other comprehensive income.

(d) IFRS 9 requires a look through approach for investments in

contractually linked instruments that effect concentrations of
credit risk.

The IFRS includes in Appendix B mandatory application

guidance that explains how to apply the requirements in the
IFRS. The IFRS is accompanied by non-mandatory
Implementation Guidance that describes how an entity might
provide the disclosures required by the IFRS.

Bearer biological assets are those other than consumable

biological assets; for example, livestock from which milk is
produced, grape vines, fruit trees, and trees from which
firewood is harvested while the tree remains. Bearer biological
assets are not agricultural produce but, rather, are self
regenerating.

The bonds are financial assets because they represent

obligations of the issuing government to pay cash.
Similarly, the terms brand and brand name are often used as
synonyms for trademarks and other marks. However, the former
are general marketing terms that are typically used to refer to a
group of complementary assets such as a trademark (or service
mark) and its related trade name, formulas, recipes and
technological expertise.

If the entity is unable to determine the fair value of the

embedded derivative using this method, paragraph 12 applies
and the hybrid (combined) instrument is designated as at fair
value through profit or loss.

Assets classified as non current in accordance with IAS 1

Presentation of Financial Statements shall not be reclassified as
current assets until they meet the criteria to be classified as held
for sale in accordance with this IFRS.

The identifiability criteria determine whether an intangible asset

is recognised separately from goodwill.
Illustrative Example 1 gives examples of identification of a cash
generating unit.
At the time of impairment testing a cash generating unit to which
goodwill has been allocated, there may be an indication of an
impairment of an asset within the unit containing the goodwill.

All financial instruments in the class of instruments that is

subordinate to all other classes of instruments have identical
features. For example, they must all be puttable, and the
formula or other method used to calculate the repurchase or
redemption price is the same for all instruments in that class.
government assistance that is provided for an entity in the form
of benefits that are available in determining taxable profit or tax
loss, or are determined or limited on the basis of income tax
liability. Examples of such benefits are income tax holidays,
investment tax credits, accelerated depreciation allowances and
reduced income tax rates.

Recognition of government grants in profit or loss on a receipts

basis is not in accordance with the accrual accounting
assumption (see IAS 1 Presentation of Financial Statements)
and would be acceptable only if no basis existed for allocating a
grant to periods other than the one in which it was received.

If fair value can be measured reliably, an entity may carry all

items of property, plant and equipment of a class at a revalued
amount, which is the fair value of the items at the date of the
revaluation less any subsequent accumulated depreciation and
accumulated impairment losses.

to articulate the hierarchy of guidance to which management

refers, whose applicability it considers when selecting
accounting policies in the absence of Standards and
Interpretations that specifically apply;

In practice, benefit improvements often result in a past service

cost and an increase in expected future contributions due to
increased current service costs of future years.

An exchange between an existing borrower and lender of debt

instruments with substantially different terms shall be accounted
for as an extinguishment of the original financial liability and the
recognition of a new financial liability.

There are two broad approaches to the accounting for

government grants: the capital approach, under which a grant is
recognised outside profit or loss, and the income approach,
under which a grant is recognised in profit or loss over one or
more periods.

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 units (group of units) recoverable amount is most
sensitive.

Commitment fees received by the entity to originate a loan when

the loan commitment is outside the scope of IAS 39.

In paragraph 106, the components of equity include, for

example, each class of contributed equity, the accumulated
balance of each class of other comprehensive income and
retained earnings.

An embedded derivative in a host lease contract is closely

related to the host contract if the embedded derivative is (i) an
inflation-related index such as an index of lease payments to a
consumer price index (provided that the lease is not leveraged
and the index relates to inflation in the entitys own economic
environment), (ii) contingent rentals based on related sales or
(iii) contingent rentals based on variable interest rates.
For the purposes of applying this condition, the entity shall not
consider non-financial contracts with a holder of an instrument
described in paragraph 16A that have contractual terms and
conditions that are similar to the contractual terms and
conditions of an equivalent contract that might occur between a
non-instrument holder and the issuing entity.

In paragraph 106, the components of equity include, for

example, each class of contributed equity, the accumulated
balance of each class of other comprehensive income and
retained earnings.

The cumulative additional depreciation that would have been

recognised in profit or loss to date in the absence of the grant
shall be recognised immediately in profit or loss.

The first component would be in retained earnings and

represent the cumulative interest accreted on the liability
component. The other component would represent the original
equity component. Therefore, an entity need not separate these
two components if the liability component is no longer
outstanding at the date of application of the amendments.

A financial instrument may require the entity to deliver cash or

another financial asset, or otherwise to settle it in such a way
that it would be a financial liability, in the event of the occurrence
or non-occurrence of uncertain future events (or on the outcome
of uncertain circumstances) that are beyond the control of both
the issuer and the holder of the instrument, such as a change in
a stock market index, consumer price index, interest rate or
taxation requirements, or the issuers future revenues, net
income or debt-to-equity ratio.

Government grants may also be set up as deferred income in

which case the difference between the deferred income and its
tax base of nil is a deductible temporary difference.

Retirement benefit plans may be defined contribution plans or

defined benefit plans. Many require the creation of separate
funds, which may or may not have separate legal identity and
may or may not have trustees, to which contributions are made
and from which retirement benefits are paid. This Standard
applies regardless of whether such a fund is created and
regardless of whether there are trustees.

Demand deposits, including current accounts, deposit accounts

and similar contracts that arise when members act as
customers are financial liabilities of the entity.
the nature and effect of any asymmetrical allocations to
reportable segments. For example, an entity might allocate
depreciation expense to a segment without allocating the
related depreciable assets to that segment.

A discontinued operation is a component of an entity that either

has been disposed of, or is classified as held for sale, and
(a) represents a separate major line of business or
geographical area of operations,
(b) is part of a single co-ordinated plan to dispose of a
separate major line of business or geographical area of
operations or
(c) is a subsidiary acquired exclusively with a view to resale.
 If fair value less costs to sell is determined using discounted
cash flow projections, the following information shall also be
disclosed:
(iii)
the period over which management has projected cash flows.
(iv)
the growth rate used to extrapolate cash flow projections.
(v)
the discount rate(s) applied to the cash flow projections.

After initial recognition, an entity that chooses the fair value

model shall measure all of its investment property at fair value,
except in the cases described in paragraph 53.
The Board considered the following ways to improve the
financial reporting of instruments that represent a residual
interest in the net assets of the entity:
(a) to continue to classify these instruments as financial
liabilities, but amend their measurement so that changes in their
fair value would not be recognised;
(b) to amend IAS 32 to require separation of all puttable
instruments into a put option and a host instrument; or
(c) to amend IAS 32 to provide a limited scope exception so
that financial instruments puttable at fair value would be
classified as equity, if specified conditions were met.

Financial service fees.

The recognition of revenue for financial service fees depends on
the purposes for which the fees are assessed and the basis of
accounting for any associated financial instrument. The
description of fees for financial services may not be indicative of
the nature and substance of the services provided. Therefore, it
is necessary to distinguish between fees that are an integral
part of the effective interest rate of a financial instrument, fees
that are earned as services are provided, and fees that are
earned on the execution of a significant act.

Borrowing costs may include:

(a) interest expense calculated using the effective interest
method as described in IAS 39 Financial Instruments:
Recognition and Measurement;
(b) [deleted]
(c) [deleted]
(d) finance charges in respect of finance leases recognised in
accordance with IAS 17 Leases; and
(e) exchange differences arising from foreign currency
borrowings to the extent that they are regarded as an
adjustment to interest costs.

Other income and expense items, such as interest income and

expense, and foreign exchange differences related to invested
or borrowed funds, are also associated with the net monetary
position.

Costs to distribute are the incremental costs directly attributable

to the distribution, excluding finance costs and income tax
expense

Although individual entities within a consolidated group or

divisions within an entity may enter into hedging transactions
with other entities within the group or divisions within the entity,
any such intragroup transactions are eliminated on
consolidation.
Another example is a profit or loss sharing arrangement that
allocates profit or loss to the instrument holders on the basis of
services rendered or business generated during the current and
previous years. Such arrangements are transactions with
instrument holders in their role as non-owners and should not
be considered when assessing the features listed in paragraph
16A or paragraph 16C.

Non-controlling interest is the equity in a subsidiary not

attributable, directly or indirectly, to a parent.

When an entity presents current and non-current assets, and

current and non-current liabilities, as separate classifications in
its statement of financial position, it shall not classify deferred
tax assets (liabilities) as current assets (liabilities).

Grants related to non-depreciable assets may also require the

fulfilment of certain obligations and would then be recognised in
profit or loss over the periods that bear the cost of meeting the
obligations.

In the case of a puttable instrument that can be put back at any

time for cash equal to a proportionate share of the net asset
value of an entity (such as units of an open-ended mutual fund
or some unit-linked investment products), the effect of
separating an embedded derivative and accounting for each
component is to measure the hybrid contract at the redemption
amount that is payable at the end of the reporting period if the
holder exercised its right to put the instrument back to the issuer

Similarly, entities that do not have equity as defined in IAS 32

Financial Instruments: Presentation (eg some mutual funds) and
entities whose share capital is not equity (eg some co-operative
entities) may need to adapt the financial statement presentation
of members or unitholders interests.

Title

Artistic-related assets acquired in a business combination are

identifiable if they arise from contractual or legal rights such as
those provided by copyright.

Marketing-related intangible assets are used primarily in the

marketing or promotion of products or services.

Contract-based intangible assets represent the value of rights

that arise from contractual arrangements.

An acquirer may exchange its share-based payment awards

(replacement awards) for awards held by employees of the
acquiree.

As a result of Entity A (legal parent, accounting acquiree)

issuing 150 ordinary shares, Entity Bs shareholders own 60 per
cent of the issued shares of the combined entity (ie 150 of 250
issued shares).

Intangible assets identified as having a contractual basis might

also be separable but separability is not a necessary condition
for an asset to meet the contractual-legal criterion.
Otherwise, a trademark or other mark acquired in a business
combination can be recognised separately from goodwill if the
separability criterion is met, which normally it would be

Moreover, a contingent consideration arrangement is

inherently part of the economic considerations in the
negotiations between the buyer and seller. Such arrangements
are commonly used by buyers and sellers to reach an
agreement by sharing particular specified economic risks
related to uncertainties about future outcomes. Differences in
the views of the buyer and seller about those uncertainties are
often reconciled by their agreeing to share the risks in such
ways that favourable future outcomes generally result in
additional payments to the seller and unfavourable outcomes
result in no or lower payments.

In some accounting models, realised gains or losses on an

insurers assets have a direct effect on the measurement of
some or all of (a) its insurance liabilities, (b) related deferred
acquisition costs and (c) related intangible assets, such as
those described in paragraphs 31 and 32. An insurer is
permitted, but not required, to change its accounting policies so
that a recognised but unrealised gain or loss on an asset affects
those measurements in the same way that a realised gain or
loss does. The related adjustment to the insurance liability (or
deferred acquisition costs or intangible assets) shall be
recognised in other comprehensive income if, and only if, the
unrealised gains or losses are recognised in other
comprehensive income. This practice is sometimes described
as shadow accounting.

Paragraph 39(c)(iii) requires disclosure about claims

development. The US Securities and Exchange Commission
requires property and casualty insurers to provide a table
showing the development of provisions for unpaid claims and
claim adjustment expenses for the previous ten years, if the
provisions exceed 50 per cent of equity. The Board noted that
the period of ten years is arbitrary and decided instead to set
the period covered by this disclosure by reference to the length
of the claims settlement cycle.

The income statement liability method focuses on timing

differences, whereas the balance sheet liability method focuses
on temporary differences. Timing differences are differences
between taxable profit and accounting profit that originate in one
period and reverse in one or more subsequent periods.

However, that exception does not relieve venture capital

organisations, mutual funds, unit trusts and similar entities from
consolidating their subsidiaries.

Contracts that require the entity to repurchase its own shares,

such as written put options and forward purchase contracts, are
reflected in the calculation of diluted earnings per share if the
effect is dilutive.
Sometimes entities purchase or issue debt instruments that are
required to be measured at amortised cost and in respect of
which the issuer has no obligation to repay the principal
amount.

Sometimes entities purchase or issue debt instruments with a

predetermined rate of interest that increases or decreases
progressively (stepped interest) over the term of the debt
instrument.

The payment provision under the host oil contract of 1,000 US

dollars can be viewed as a foreign currency derivative because
the US dollar is neither Entity As nor Entity Bs functional
currency.

The yield curve provides the foundation for computing future

cash flows and the fair value of such cash flows both at the
inception of, and during, the hedging relationship. It is based on
current market yields on applicable reference bonds that are
traded in the marketplace. Market yields are converted to spot
interest rates (spot rates or zero coupon rates) by eliminating
the effect of coupon payments on the market yield.

If that risk is eliminated, the entity would obtain an interest rate

on its debt issue that is equal to the one-year forward coupon
rate currently available in the marketplace in three months. That
forward coupon rate, which is different from the forward (spot)
rate, is 6.86 per cent, computed from the term structure of
interest rates shown above. It is the market rate of interest that
exists at the inception of the hedge, given the terms of the
forecast debt instrument. It results in the fair value of the debt
being equal to par at its issue.

Typically, the risk-free interest rate is the implied yield currently

available on zero-coupon government issues of the country in
whose currency the exercise price is expressed, with a
remaining term equal to the expected term of the option being
valued (based on the options remaining contractual life and
taking into account the effects of expected early exercise). It
may be necessary to use an appropriate substitute, if no such
government issues exist or circumstances indicate that the
implied yield on zero-coupon government issues is not
representative of the risk-free interest rate (for example, in high
inflation economies).

consolidation exemption available for non-public entities

This required an entity to recognise distributions as income only
if they came from post-acquisition retained earnings.

Most respondents to the Request for Views supported early

application of the IFRSs to be issued in 2011.
TITLE

A joint arrangement is an arrangement of which two or more

parties have joint control
The global financial crisis that started in 2007 highlighted the
lack of transparency about the risks to which investors were
exposed from their involvement with 'off balance sheet vehicles'
(such as securitisation vehicles), including those that they had
set up or sponsored.

An investor is exposed, or has rights, to variable returns from its

involvement with the investee when the investor's returns from
its involvement have the potential to vary as a result of the
investee's performance.

An investor controls and investee when the investor is exposed,

or has rights, to variable returns from its involvement with the
investee and has the ability to affect those returns through its
power over the investee.

Existing rights that give the current ability to direct the relevant
activities.
Rights designed to protect the interest of the party holding those
rights without giving that party power over the entity to which
those tights relate.
Rights to deprive the decision maker of its decision-making
authority.

For the purpose of this IFRS, relevant activities are activities of

the investee that significantly affect the investee's returns.

the more parties that would need to act together to outvote the
investor, the more likely the investor is to have existing rights
that give it the current ability to direct the relevant activities

Therefore, explicit or implicit decision-making rights embedded

in contractual arrangements that are closely related to the
investee need to be considered as relevant activities when
determining power over the investee.

A decision maker (the asset manager) manages the active asset

portfolio by making investment decisions within the parameters
set out in the investee's prospectus.

A decision maker (the fund manager) establishes, markets and

manages a publicly traded, regulated fund according to narrowly
defined parameters set out in the investment mandate as
required by its local laws and regulations.

A decision makter (the sponsor) sponsors a multi-seller conduit,

which issues short-term debt instruments to unrelated third party
investors.

An agent is a party primarily engaged to act on behalf and for

the benefit of another party or parties (the principal(s)) and
therefore does not control the investee when it exercises its
decision-making authority.

Holding other interests in an investee indicates that the decision

maker may be a principal.
ED 10 defined a structured entity as an entity whose activities
are restricted to the extent that those activities are, in essence,
not directed by voting or similar rights.
The term 'reputational risk' relates to the risk that failure of an
investee would damage an investee's reputation and, therefore,
that of an investor or sponsor, compelling the investor or
sponsor to provide support to an investee in order to protect its
reputation, even though the investor or sponsor has no legal or
contractual requirement to do so.
The Board also concluded that an 'ability' model would result in
more appropriate consolidation conclusions not only when
applied in different jurisdictions, but also when applied to all
investees.

In response to those comments, the Board decided to base its

principal/agent guidance on the thinking developed in agency
theory. Jensen and Meckling (1976) define an agency
relationship as 'a contractual relationship in which one or more
persons (the principal) engage another person (the agent) to
perform some services on their behalf which involves delegating
some decision-making authority to the agent'.

TITLE
A joint arrangement whereby the parties that have joint control
of the arrangement have rights to the assets, and obligations for
the liabilities, relating to the arrangement.
A party to a joint operation that has joint control of that joint
operation.
A party to a joint venture that has joint control of that joint
venture.

An entity that participates in a joint arrangement, regardless of

whether that entity has joint control of the arrangement.

A separately identifiable financial structure, including separate

legal entities or entities recognised by statute, regardless of
whether those entities have a legal personality.

The decision-making process reflected in the contractual

arrangement establishes joint control of the arrangement.
In many arrangements joint assets are also jointly operated, and
therefore such arrangements could be viewed as a 'joint asset'
or as a 'joint operation'.
The framework agreement sets up the terms under which
parties A and B conduct the manufacturing and distribution of
product P.

TITLE

For the purpose of this IFRS, income from a structured entity

includes, but is not limited to, recurring and non-recurring fees,
interest, dividends, gains or losses on the remeasurement or
derecognition of interests in structured entities and gains of
losses from the transfer of assets and liabilities to the structured
entity..

For the purpose of this IFRS, an interest in another entity refers

to contractual and non-contractual involvement that exposes an
entity to variability of returns from the performance of the other
entity.

An entitiy shall disclose significant restrictions (eg statutory,

contractual and regulatory restrictions) on its ability to access or
use the assets and settle the liabilities of the group.

The structured entity obtains a credit default swap from another

entity (the reporting entity) to protect itself from the default of
interest and principal payments on the loans.

An entity's exposure to risk from its sponsoring activities is

broader than the risk to provide implicit support to the structured
entity. For example, an entity that does not intend to provide any
implicit support might be exposed to litigation risk from
sponsoring a failed structured entity.
US GAAP defines a VIE, in essence, as an entity whose
activities are not directed through voting or similar rights. In
addition, the total equity at risk in a VIE is not sufficient to permit
the entity to finance its activities without additional subordinated
financial support.

A valuation technique that reflects the amount that would be

required currently to replace the service sapacity of an asset
(often referred to as current replacement cost).

The price paid to acquire an asset or received to assume a

liability in an exchange transaction.
The price that would be received to sell an asset or paid to
transfer a liability.
The probability-weighted average (ie mean of the distribution) of
possible futrure cash flows.

The use of a non-financial asset by market participants that

would maximise the value of the asset or the group of assets
and liabilities (eg a business) within which the asset would be
used.

The assumptions that market participants would use when

pricing the asset or liability, including assumptions about risk.

Quoted prices (unadjusted) in active markets for identical assets

or liabilities that the entity can access at the measurement date.

Inputs other than quoted prices included within Level 1 that are
observalbe for the asset or liability, either directly or indirectly.

Unobservalbe input for the asset or liability.

A valuation technique that uses prices and other relevant
information generated by market transactions involving identical
or comparable (ie similar) assets, liabilities or a group of assets
and liablities, such as a business.

Inputs that are derived principally from or corroborated by

observable market date by correlation or other means.

Buyers and sellers in the principal (or most advantageous)

market for the asset or liability that have all of the following
characteristics: (a) They are independent of each other, (b)
They are knowledgable, having a reasonable understanding
about the asset or liability ... (c) They are able to enter into a
transaction for the asset or liability. (d) They are willing to enter
into a transaction for the asset or liability...

The market that maximises the amount that would be received

to sell the asset or minimises the amount that would be paid to
transfer the liability, after taking into account transaction costs
and transport costs.

The risk that an entity will not fulfil an obligation. Non-

performance risk includes, but may not be limited to, the entity's
own credit risk.
Inputs that are developed using market data, such as publicly
available information about actual events or transactions, and
that reflect the assumptions that market participants would use
when pricing the asset or liabiltiy.

A transaction that assumes exposure to the market for a period

before the measurement date to allow for marketing activities
that are usual and customary for transactions involving such
assets or liabilities; it is not a forced transaction (eg a forced
liquidation or distress sale).

The market with the greatest volume and level of activity for the
asset or liability.
Compensation sought by risk-averse market participants for
bearing the uncertainty inherent in the cash flows of an asset or
a liablity. Also referred to as a 'risk adjustment'.

The costs that would be incurred to transport an asset from its

current location to its principal (or most advantageous) market.

Inputs for which market data are not available and that are
developed using the best information available about the
assumptions that market participants would use when pricing
the asset or liability.

Title
Title

Title

Title

Title

Title

Title
In surface mining operations, entities may find it necessary to
remove mine waste materials (overburden) to gain access to
mineral ore deposits.
In surface mining operations, entities may find it necessary to
remove mine waste materials (overburden) to gain access to
mineral ore deposits.
This waste removal activity is known as stripping.
During the development phase of the mine (before production
begins), stripping costs are usually capitalised as part of the
depreciable cost of building, developing and constructing the
mine.

Those capitalised costs are depreciated or amortised on a

systematic basis, usually by using the units of production
method, once production begins.
The ratio of ore to waste can range from uneconomic low grade
to profitable high grade.
Recognition of production stripping costs as an asset

The stripping activity asset shall be accounted for as an addition

to, or as an enhancement of, an existing asset. In other words,
the stripping activity asset will be accounted for as part of an
existing asset.

This production measure shall be calculated for the identified

component of the ore body, and shall be used as a benchmark
to identify the extent to which the additional activity of creating a
future benefit has taken place.

The expected useful life of the identified component of the ore

body that is used to depreciate or amortise the stripping activity
asset will differ from the expected useful life that is used to
depreciate or amortise the mine itself and the related life-of-
mine assets.

As at the beginning of the earliest period presented, any

previously recognised asset balance that resulted from stripping
activity undertaken during the production phase (predecessor
stripping asset) shall be reclassified as a part of an existing
asset to which the stripping activity related, to the extent that
there remains an identifiable component of the ore body with
which the predecessor stripping asset can be associated.

Consequently, there is diversity in practice in accounting for

production stripping costssome entities recognise production
stripping costs as an expense (a cost of production), some
entities capitalise some or all production stripping costs on the
basis of a life-of-mine ratio calculation or some similar basis,
and some capitalise the costs associated with specific
betterments.

In developing the Interpretation, the Committee decided to focus

only on surface mining activities and not on underground mining
activities.
 Glossary / Definitions

A range around an entitys best estimate of post-employment benefit

obligations.

Profit or loss for a period before deducting tax expense.

The effects of transactions and other events are recognised when they
occur (and not as cash or its equivalent is received or paid) and they are
recorded in the accounting records and reported in the financial
statements of the periods to which they relate.
Compensated absences that are carried forward and can be used in
future periods if the current periods entitlement is not used in full.

The business or businesses that the acquirer obtains control of in a

business combination.

The entity that obtains control of the acquiree.

The date on which the acquirer obtains control of the acquiree.

A market where all the following conditions exist: (a) the items traded
within the market are homogeneous; (b) willing buyers and sellers can
normally be found at any time; and (c) prices are available to the public.
[IAS 36.6, (IAS 38.8), IAS 41.8]. A financial instrument is regarded as
quoted in an active market if quoted prices are readily and regularly
available from an exchange, dealer, broker, industry group, pricing
service or regulatory agency, and those prices represent actual and
regularly occurring market transactions on an arms length basis. [IAS
39.AG71]

An entitys unbiased and mutually compatible best estimates of the

demographic and financial variables that will determine the ultimate cost
of providing post-employment benefits.

Actuarial gains and losses comprise: (a) experience adjustments (the

effects of differences between the previous actuarial assumptions and
what has actually occurred); and (b) the effects of changes in actuarial
assumptions.
The present value of the expected payments by a retirement benefit plan
to existing and past employees, attributable to the service already
rendered.
The management by an entity of the biological transformation and
harvest of biological assets for sale or for conversion into agricultural
produce or into additional biological assets.

The harvested product of the entitys biological assets.

The amount at which the financial asset or financial liability is measured
at initial recognition minus principal repayments, plus or minus the
cumulative amortisation using the effective interest method of any
difference between that initial amount and the maturity amount, and
minus any reduction (directly or through the use of an allowance
account) for impairment or uncollectibility.

An increase in earnings per share or a reduction in loss per share

resulting from the assumption that convertible instruments are
converted, that options or warrants are exercised, or that ordinary
shares are issued upon the satisfaction of specified conditions.

A resource:
(a) controlled by an entity as a result of past events; and
(b) from which future economic benefits are expected to flow to the
entity.
Assets (other than non transferable financial instruments issued by the
reporting entity) that:
(a) are held by an entity (a fund) that is legally separate from the
reporting entity and exists solely to pay or fund employee benefits; and
(b) are available to be used only to pay or fund employee benefits, are
not available to the reporting entitys own creditors (even in
bankruptcy), and cannot be returned to the reporting entity, unless
either:
(i) the remaining assets of the fund are sufficient to meet all the related
employee benefit obligations of the plan or the reporting entity; or
(ii) the assets are returned to the reporting entity to reimburse it for
employee benefits already paid.

An entity, including an unincorporated entity such as a partnership, over

which the investor has significant influence and that is neither a
subsidiary nor an interest in a joint venture.

Those non-derivative financial assets that are designated as available

for sale or are not classified as (a) loans and receivables, (b) held-to-
maturity investments, or (c) financial assets at fair value through profit
or loss.

Profit or loss attributable to ordinary equity holders of the parent entity

(the numerator) divided by the weighted average number of ordinary
shares outstanding during the period (the denominator).
A living animal or plant.
The processes of growth, degeneration, production, and procreation
that cause qualitative or quantitative changes in a biological asset.

Interest and other costs that an entity incurs in connection with the
borrowing of funds.

An integrated set of activities and assets that is capable of being

conducted and managed for the purpose of providing a return in the
form of dividends, lower costs or other economic benefits directly to
investors or other owners, members or participants

A transaction or other event in which an acquirer obtains control of one

or more businesses. Transactions sometimes referred to as true
mergers or mergers of equals are also business combinations as that
term is used in IFRS 3.
Under a financial concept of capital, such as invested money or invested
purchasing power, the net assets or equity of the entity. The financial
concept of capital is adopted by most entities.

Recognising a cost as part of the cost of an asset.

The amount at which an asset is recognised in the statement of financial

position. [IAS 40.5, IAS 41.8] The amount at which an asset is
recognised after deducting any accumulated depreciation (amortisation)
and accumulated impairment losses thereon. [IAS 16.6, IAS 36.6, IAS
38.8]

Cash on hand and demand deposits.

Short-term, highly liquid investments that are readily convertible to

known amounts of cash and which are subject to an insignificant risk of
changes in value.
The smallest identifiable group of assets that generates cash inflows
that are largely independent of the cash inflows from other assets or
groups of assets.

A share-based payment transaction in which the entity acquires goods

or services by incurring a liability to transfer cash or other assets to the
supplier of those goods or services for amounts that are based on the
price (or value) of the entitys shares.

The policyholder under a reinsurance contract.

A grouping of assets of a similar nature and use in an entitys

operations.
Those family members who may be expected to influence, or be
influenced by, that individual in their dealings with the entity. They may
include:
(a) the individuals domestic partner and children;
(b) children of the individuals domestic partner; and
(c) dependants of the individual or the individuals domestic partner.

The spot exchange rate at the end of the reporting period.

The date from which the lessee is entitled to exercise its right to use the
leased asset. It is the date of initial recognition of the lease (ie the
recognition of the assets, liabilities, income or expenses resulting from
the lease, as appropriate).
The financial statements of a group presented as those of a single
economic entity.

A contract specifically negotiated for the construction of an asset or a

combination of assets that are closely interrelated or interdependent in
terms of their design, technology and function or their ultimate purpose
or use.

An obligation that derives from an entitys actions where:

(a) by an established pattern of past practice, published policies or a
sufficiently specific current statement, the entity has indicated to other
parties that it will accept certain responsibilities; and
(b) as a result, the entity has created a valid expectation on the part of
those other parties that it will discharge those responsibilities.

A possible asset that arises from past events and whose existence will
be confirmed only by the occurrence or non-occurrence of one or more
uncertain future events not wholly within the control of the entity.

(a) A possible obligation that arises from past events and whose
existence will be confirmed only by the occurrence or non occurrence of
one or more uncertain future events not wholly within the control of the
entity; or
(b) a present obligation that arises from past events but is not
recognised because:
(i) it is not probable that an outflow of resources embodying economic
benefits will be required to settle the obligation; or
(ii) the amount of the obligation cannot be measured with sufficient
reliability.
That portion of the lease payments that is not fixed in amount but is
based on the future amount of a factor that changes other than with the
passage of time (eg percentage of future sales, amount of future use,
future price indices, future market rates of interest).

An agreement to issue shares that is dependent on the satisfaction of

specified conditions.

An agreement between two or more parties that has clear economic

consequences that the parties have little, if any, discretion to avoid,
usually because the agreement is enforceable at law. Contracts may
take a variety of forms and need not be in writing.
Assets other than goodwill that contribute to the future cash flows of
both the cash-generating unit under review and other cash-generating
units.
The amount of cash or cash equivalents paid or the fair value of the
other consideration given to acquire an asset at the time of its
acquisition or construction, or, when applicable, the amount attributed
to that asset when initially recognised in accordance with the specific
requirements of other IFRSs, eg IFRS 2.

All costs of purchase, costs of conversion and other costs incurred in

bringing the inventories to their present location and condition.

All of the purchase price, import duties and other taxes (other than
those subsequently recoverable by the entity from the taxing
authorities), and transport, handling and other costs directly attributable
to the acquisition of the item.
A construction contract in which the contractor is reimbursed for
allowable or otherwise defined costs, plus a percentage of these costs
or a fixed fee.

Costs directly related to the units of production, such as direct labour

together with a systematic allocation of fixed and variable production
overheads that are incurred in converting materials into finished goods.

Incremental costs directly attributable to the disposal of an asset,

excluding finance costs and income tax expense.

The incremental costs directly attributable to the disposal of an asset (or

disposal group), excluding finance costs and income tax expense.

The risk that one party to a financial instrument will cause a financial
loss for the other party by failing to discharge an obligation.
The risk that the fair value or future cash flows of a financial instrument
will fluctuate because of changes in foreign exchange rates.

An entity shall classify an asset as current when:

(a) it expects to realise the asset or intends to sell or consume it in its
normal operating cycle;
(b) it holds the asset primarily for the purpose of trading;
(c) it expects to realise the asset within twelve months after the
reporting period
(d) the asset is cash or a cash equivalent (as defined in IAS 7) unless the
asset is restricted from being exchanged or used to settle a liability for
at least twelve months after the reporting period.
An entity shall classify all other assets as non-current.

The amount of cash or cash equivalents that would have to be paid if the
same or an equivalent asset was acquired currently.

An entity shall classify a liability as current when:

(a) it expects to settle the liability in its normal operating cycle;
(b) it holds the liability primarily for the purpose of trading;
(c) the liability is due to be settled within twelve months after the
reporting period; or
(d) the entity does not have an unconditional right to defer settlement of
the liability for at least twelve months after the reporting period.
An entity shall classify all other liabilities as non-current.

The increase in the present value of the defined benefit obligation

resulting from employee service in the current period.

The amount of income taxes payable (recoverable) in respect of the

taxable profit (tax loss) for a period.

A curtailment occurs when an entity either:

(a) is demonstrably committed to make a significant reduction in the
number of employees covered by a plan; or
(b) amends the terms of a defined benefit plan so that a significant
element of future service by current employees will no longer qualify for
benefits, or will qualify only for reduced benefits.
The beginning of the earliest period for which an entity presents full
comparative information under IFRSs in its first IFRS financial
statements.
Temporary differences between the carrying amount of an asset or
liability in the balance sheet and its tax base that will result in amounts
that are deductible in determining taxable profit (tax loss) of future
periods when the carrying amount of the ass

An amount used as a surrogate for cost or depreciated cost at a given

date. Subsequent depreciation or amortisation assumes that the entity
had initially recognised the asset or liability at the given date and that its
cost was equal to the deemed cost.

The amounts of income taxes recoverable in future periods in respect

of:
(a) deductible temporary differences;
(b) the carryforward of unused tax losses; and
(c) the carryforward of unused tax credits.

The amounts of income taxes payable in future periods in respect of

taxable temporary differences.

The net total of the following amounts:

(a) the present value of the defined benefit obligation at the end of the
reporting period;
(b) plus any actuarial gains (less any actuarial losses) not recognised;
(c) minus any past service cost not yet recognised;
(d) minus the fair value at the end of the reporting period of plan assets
(if any) out of which the obligations are to be settled directly.

The present value, without deducting any plan assets, of expected

future payments required to settle the obligation resulting from
employee service in the current and prior periods.

Post-employment benefit plans other than defined contribution plans.

[IAS 19.7] Retirement benefit plans under which amounts to be paid as
retirement benefits are determined by reference to a formula usually
based on employees earnings and/or years of service. [IAS 26.8]

Post employment benefit plans under which an entity pays fixed

contributions into a separate entity (a fund) and will have no legal or
constructive obligation to pay further contributions if the fund does not
hold sufficient assets to pay all employee benefits relating to employee
service in the current and prior periods. [IAS 19.7] Retirement benefit
plans under which amounts to be paid as retirement benefits are
determined by contributions to a fund together with investment earnings
thereon. [IAS 26.8]
An entity is demonstrably committed to pay termination benefits when,
and only when, an entity has a detailed formal plan for the termination
and is without realistic possibility of withdrawal. The detailed plan shall
include, as a minimum:
(a) the location, function, and approximate number of employees whose
services are to be terminated;
(b) the termination benefits for each job classification or function; and
(c) the time at which the plan will be implemented. Implementation shall
begin as soon as possible and the period of time to complete
implementation shall be such that material changes to the plan are not
likely.

A contractual component that is not accounted for as a derivative under

IAS 39 and would be within the scope of IAS 39 if it were a separate
instrument.
The cost of an asset, or other amount substituted for cost (in the
financial statements), less its residual value.

The systematic allocation of the depreciable amount of an asset over its

useful life.

A financial instrument or other contract within the scope of IAS 39 (see

paragraphs 27) with all three of the following characteristics:
(a) its value changes in response to the change in a specified interest
rate, financial instrument price, commodity price, foreign exchange rate,
index of prices or rates, credit rating or credit index, or other variable,
provided in the case of a non financial variable that the variable is not
specific to a party to the contract (sometimes called the underlying);
(b) it requires no initial net investment or an initial net investment that is
smaller than would be required for other types of contracts that would
be expected to have a similar response to changes in market factors;
and
(c) it is settled at a future date.
Financial instruments such as financial options, futures and forwards,
interest rate swaps and currency swaps, which create rights and
obligations that have the effect of transferring between the parties to the
instrument one or more of the financial risks inherent in an underlying
primary financial instrument. On inception, derivative financial
instruments give one party a contractual right to exchange financial
assets or financial liabilities with another party under conditions that are
potentially favourable, or a contractual obligation to exchange financial
assets or financial liabilities with another party under conditions that are
potentially unfavourable. However, they generally do not result in a
transfer of the underlying primary financial instrument on inception of
the contract, nor does such a transfer necessarily take place on maturity
of the contract. Some instruments embody both a right and an obligation
to make an exchange. Because the terms of the exchange are
determined on inception of the derivative instrument, as prices in
financial markets change those terms may become either favourable or
unfavourable.

The application of research findings or other knowledge to a plan or

design for the production of new or substantially improved materials,
devices, products, processes, systems or services before the start of
commercial production or use.

Profit or loss attributable to ordinary equity holders of the parent entity

(the numerator), divided by the weighted average number of ordinary
shares outstanding during the period (the denominator), both adjusted
for the effects of all dilutive potential ordinary shares.

A reduction in earnings per share or an increase in loss per share

resulting from the assumption that convertible instruments are
converted, that options or warrants are exercised, or that ordinary
shares are issued upon the satisfaction of specified conditions.

Potential ordinary shares whose conversion to ordinary shares would

decrease earnings per share or increase loss per share from continuing
operations.
An insurance contract that is not a reinsurance contract.

A method whereby major classes of gross cash receipts and gross cash
payments are disclosed.

A contractual right to receive, as a supplement to guaranteed benefits,

additional benefits:
(a) that are likely to be a significant portion of the total contractual
benefits;
(b) whose amount or timing is contractually at the discretion of the
issuer; and
(c) that are contractually based on:
(i) the performance of a specified pool of contracts or a specified type of
contract;
(ii) realised and/or unrealised investment returns on a specified pool of
assets held by the issuer; or
(iii) the profit or loss of the company, fund or other entity that issues the
contract.
A group of assets to be disposed of, by sale or otherwise, together as a
group in a single transaction, and liabilities directly associated with
those assets that will be transferred in the transaction. The group
includes goodwill acquired in a business combination if the group is a
cash generating unit to which goodwill has been allocated in
accordance with the requirements of paragraphs 8087 of IAS 36 or if it
is an operation within such a cash generating unit.

Distributions of profits to holders of equity investments in proportion to

their holdings of a particular class of capital.

Either:
(a) the period over which an asset is expected to be economically usable
by one or more users; or
(b) the number of production or similar units expected to be obtained
from the asset by one or more users.
A method of calculating the amortised cost of a financial asset or a
financial liability (or group of financial assets or financial liabilities) and
of allocating the interest income or interest expense over the relevant
period.

The rate that exactly discounts estimated future cash payments or

receipts through the expected life of the financial instrument or, when
appropriate, a shorter period to the net carrying amount of the financial
asset or financial liability. When calculating the effective interest rate, an
entity shall estimate cash flows considering all contractual terms of the
financial instrument (for example, prepayment, call and similar options)
but shall not consider future credit losses. The calculation includes all
fees and points paid or received between parties to the contract that are
an integral part of the effective interest rate (see IAS 18), transaction
costs, and all other premiums or discounts. There is a presumption that
the cash flows and the expected life of a group of similar financial
instruments can be estimated reliably. However, in those rare cases
when it is not possible to estimate reliably the cash flows or the
expected life of a financial instrument (or group of financial
instruments), the entity shall use the contractual cash flows over the full
contractual term of the financial instrument (or group of financial
instruments).

A component of a hybrid (combined) instrument that also includes a

non-derivative host contractwith the effect that some of the cash flows
of the combined instrument vary in a way similar to a stand-alone
derivative.

All forms of consideration given by an entity in exchange for service

rendered by employees.
Individuals who render personal services to the entity and either (a) the
individuals are regarded as employees for legal or tax purposes, (b) the
individuals work for the entity under its direction in the same way as
individuals who are regarded as employees for legal or tax purposes, or
(c) the services rendered are similar to those rendered by employees.
For example, the term encompasses all management personnel, ie those
persons having authority and responsibility for planning, directing and
controlling the activities of the entity, including non executive directors.

The present value of the cash flows an entity expects to arise from the
continuing use of an asset and from its disposal at the end of its useful
life or expects to incur when settling a liability.

The residual interest in the assets of the entity after deducting all its
liabilities.
A contract that evidences a residual interest in the assets of an entity
after deducting all of its liabilities.
The right (conditional or unconditional) to an equity instrument of the
entity conferred by the entity on another party, under a share-based
payment arrangement.
For the purposes of IFRS 3, equity interests is used broadly to mean
ownership interests of investor-owned entities and owner, member or
participant interests of mutual entities.

A method of accounting whereby the investment is initially recognised

at cost and adjusted thereafter for the post acquisition change in the
investors share of net assets of the investee. The profit or loss of the
investor includes the investors share of the profit or loss of the
investee.

A share-based payment transaction in which the entity receives goods

or services as consideration for equity instruments of the entity
(including shares or share options).
The difference resulting from translating a given number of units of one
currency into another currency at different exchange rates.

The ratio of exchange for two currencies.

Decreases in economic benefits during the accounting period in the

form of outflows or depletions of assets or incurrences of liabilities that
result in decreases in equity, other than those relating to distributions to
equity participants.

The effects of differences between previous actuarial assumptions and

what has actually occurred.

Exploration and evaluation expenditures recognised as assets in

accordance with the entitys accounting policy.

Expenditures incurred by an entity in connection with the exploration for

and evaluation of mineral resources before the technical feasibility and
commercial viability of extracting a mineral resource are demonstrable.

The search for mineral resources, including minerals, oil, natural gas
and similar non regenerative resources after the entity has obtained
legal rights to explore in a specific area, as well as the determination of
the technical feasibility and commercial viability of extracting the
mineral resource.
The amount for which an asset could be exchanged, or a liability settled,
between knowledgeable, willing parties in an arms length transaction.
[IAS 2.6, (IAS 16.6), IAS 17.4, IAS 18.7, (IAS 19.7), (IAS 20.3), IAS 21.8, IAS
32.11, (IAS 38.8), IAS 39.9, (IAS 40.5), IAS 41.8, IFRS 1.A, IFRS 3.A, IFRS
4.A, IFRS 5.A] The amount for which an asset could be exchanged, a
liability settled, or an equity instrument granted could be exchanged,
between knowledgeable, willing parties in an arms length transaction.
[IFRS 2.A]

The assumption that the items of inventory that were purchased or

produced first are sold first, and consequently the items remaining in
inventory at the end of the period are those most recently purchased or
produced.

A lease that transfers substantially all the risks and rewards incidental
to ownership of an asset. Title may or may not eventually be transferred.
Any asset that is:
(a) cash;
(b) an equity instrument of another entity;
(c) a contractual right:
(i) to receive cash or another financial asset from another entity; or
(ii) to exchange financial assets or financial liabilities with another entity
under conditions that are potentially favourable to the entity; or
(d) a contract that will or may be settled in the entitys own equity
instruments and is:
(i) a non derivative for which the entity is or may be obliged to receive a
variable number of the entitys own equity instruments; or
(ii) a derivative that will or may be settled other than by the exchange of
a fixed amount of cash or another financial asset for a fixed number of
the entitys own equity instruments. For this purpose the entitys own
equity instruments do not include puttable financial instruments
classified as equity instruments in accordance with paragraphs 16A and
16B of IAS 32, instruments that impose 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 are classified as equity instruments in
accordance with paragraphs 16C and 16D of IAS 32, or instruments that
are contracts for the future receipt or delivery of the entitys own equity
instruments.

A financial asset or financial liability that meets either of the following

conditions.

Any contract that gives rise to a financial asset of one entity and a
financial liability or equity instrument of another entity.
Any liability that is:
(a) a contractual obligation:
(i) to deliver cash or another financial asset to another entity; or
(ii) to exchange financial assets or financial liabilities with another entity
under conditions that are potentially unfavourable to the entity; or
(b) a contract that will or may be settled in the entitys own equity
instruments and is:
(i) a non derivative for which the entity is or may be obliged to deliver a
variable number of the entitys own equity instruments; or
(ii) a derivative that will or may be settled other than by the exchange of
a fixed amount of cash or another financial asset for a fixed number of
the entitys own equity instruments. For this purpose the entitys own
equity instruments do not include puttable financial instruments that are
classified as equity instruments in accordance with paragraphs 16A and
16B of IAS 32, instruments that impose 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 are classified as equity instruments in
accordance with paragraphs 16C and 16D of IAS 32, or instruments that
are contracts for the future receipt or delivery of the entitys own equity
instruments.
As an exception, an instrument that meets the definition of a financial
liability is classified as an equity instrument if it has all the features and
meets the conditions in paragraphs 16A and 16B or paragraphs 16C and
16D of IAS 32.

The relationship of the assets, liabilities and equity of an entity, as

reported in the balance sheet [statement of financial position].

The risk of a possible future change in one or more of a specified

interest rate, financial instrument price, commodity price, foreign
exchange rate, index of prices or rates, credit rating or credit index or
other variable, provided in the case of a non financial variable that the
variable is not specific to a party to the contract.
A complete set of financial statements comprises:
(a) a statement of financial position as at the end of the period;
(b) a statement of comprehensive income for the period;
(c) a statement of changes in equity for the period;
(d) a statement of cash flows for the period;
(e) notes, comprising a summary of significant accounting policies and
other explanatory information; and
(f) a statement of financial position as at the beginning of the earliest
comparative period when an entity applies an accounting policy
retrospectively or makes a retrospective restatement of items in its
financial statements, or when it reclassifies items in its financial
statements.

Activities that result in changes in the size and composition of the

contributed equity and borrowings of the entity.

A binding agreement for the exchange of a specified quantity of

resources at a specified price on a specified future date or dates.

An agreement with an unrelated party, binding on both parties and

usually legally enforceable, that (a) specifies all significant terms,
including the price and timing of the transactions, and (b) includes a
disincentive for non performance that is sufficiently large to make
performance highly probable.

The first annual financial statements in which an entity adopts

International Financial Reporting Standards (IFRSs), by an explicit and
unreserved statement of compliance with IFRSs.

An entity that presents its first IFRS financial statements.

A construction contract in which the contractor agrees to a fixed
contract price, or a fixed rate per unit of output, which in some cases is
subject to cost escalation clauses.
Those indirect costs of production that remain relatively constant
regardless of the volume of production, such as depreciation and
maintenance of factory buildings and equipment, and the cost of factory
management and administration.

An uncommitted but anticipated future transaction.

A currency other than the functional currency of the entity.

A transaction that is denominated in or requires settlement in a foreign

currency.

An entity that is a subsidiary, associate, joint venture or branch of the

reporting entity, the activities of which are based or conducted in a
country or currency other than those of the reporting entity.

Loans which the lender undertakes to waive repayment of under certain

prescribed conditions.
The currency of the primary economic environment in which the entity
operates.

The potential to contribute, directly or indirectly, to the flow of cash and

cash equivalents to the entity. The potential may be a productive one
that is part of the operating activities of the entity. It may also take the
form of convertibility into cash or cash equivalents or a capability to
reduce cash outflows, such as when an alternative manufacturing
process lowers the costs of production.

Increases in economic benefits and as such no different in nature from

revenue.

The financial statements are prepared on a going concern basis unless

management either intends to liquidate the entity or to cease trading, or
has no realistic alternative but to do so.

An asset representing the future economic benefits arising from other

assets acquired in a business combination that are not individually
identified and separately recognised.

Government, government agencies and similar bodies whether local,

national or international.
Action by government designed to provide an economic benefit specific
to an entity or range of entities qualifying under certain criteria.
Assistance by government in the form of transfers of resources to an
entity in return for past or future compliance with certain conditions
relating to the operating activities of the entity. They exclude those
forms of government assistance which cannot reasonably have a value
placed upon them and transactions with government which cannot be
distinguished from the normal trading transactions of the entity.

The date at which the entity and another party (including an employee)
agree to a share-based payment arrangement, being when the entity and
the counterparty have a shared understanding of the terms and
conditions of the arrangement. At grant date the entity confers on the
counterparty the right to cash, other assets, or equity instruments of the
entity, provided the specified vesting conditions, if any, are met. If that
agreement is subject to an approval process (for example, by
shareholders), grant date is the date when that approval is obtained.

Government grants whose primary condition is that an entity qualifying

for them should purchase, construct or otherwise acquire long term
assets. Subsidiary conditions may also be attached restricting the type
or location of the assets or the periods during which they are to be
acquired or held.
Government grants other than those related to assets.
The aggregate of:
(a) the minimum lease payments receivable by the lessor under a
finance lease, and
(b) any unguaranteed residual value accruing to the lessor.

A parent and all its subsidiaries.

An aggregation of single employer plans combined to allow participating

employers to pool their assets for investment purposes and reduce
investment management and administration costs, but the claims of
different employers are segregated for the sole benefit of their own
employees.

An aggregation of similar living animals or plants.

The detachment of produce from a biological asset or the cessation of a
biological assets life processes.

The degree to which changes in the fair value or cash flows of the
hedged item that are attributable to a hedged risk are offset by changes
in the fair value or cash flows of the hedging instrument (see IAS 39
paragraphs AG105AG113).
An asset, liability, firm commitment, highly probable forecast transaction
or net investment in a foreign operation that (a) exposes the entity to
risk of changes in fair value or future cash flows and (b) is designated as
being hedged (IAS 39 paragraphs 7884 and AG98AG101 elaborate on
the definition of hedged items).

A designated derivative or (for a hedge of the risk of changes in foreign

currency exchange rates only) a designated non derivative financial
asset or non derivative financial liability whose fair value or cash flows
are expected to offset changes in the fair value or cash flows of a
designated hedged item (IAS 39 paragraphs 7277 and AG94AG97
elaborate on the definition of a hedging instrument).

See financial asset or financial liability at fair value through profit or

loss.
Non derivative financial assets with fixed or determinable payments and
fixed maturity that an entity has the positive intention and ability to hold
to maturity (see IAS 39 paragraphs AG16AG25) other than:
(a) those that the entity upon initial recognition designates as at fair
value through profit or loss;
(b) those that the entity designates as available for sale; and
(c) those that meet the definition of loans and receivables.
An entity shall not classify any financial assets as held to maturity if the
entity has, during the current financial year or during the two preceding
financial years, sold or reclassified more than an insignificant amount of
held to maturity investments before maturity (more than insignificant in
relation to the total amount of held to maturity investments) other than
sales or reclassifications that:
(i) are so close to maturity or the financial assets call date (for example,
less than three months before maturity) that changes in the market rate
of interest would not have a significant effect on the financial assets fair
value;
(ii) occur after the entity has collected substantially all of the financial
assets original principal through scheduled payments or prepayments;
or
(iii) are attributable to an isolated event that is beyond the entitys
control, is non recurring and could not have been reasonably
anticipated by the entity.

Significantly more likely than probable.

The definition of a lease includes contracts for the hire of an asset that
contain a provision giving the hirer an option to acquire title to the asset
upon the fulfilment of agreed conditions. These contracts are sometimes
known as hire purchase contracts.

A measurement basis according to which assets are recorded at the

amount of cash or cash equivalents paid or the fair value of the
consideration given to acquire them at the time of their acquisition.
Liabilities are recorded at the amount of proceeds received in exchange
for the obligation, or in some circumstances (for example, income
taxes), at the amounts of cash or cash equivalents expected to be paid
to satisfy the liability in the normal course of business.
Loss of purchasing power of money at such a rate that comparison of
amounts from transactions and other events that have occurred at
different times, even within the same accounting period, is misleading.

The amount by which the carrying amount of an asset exceeds its

recoverable amount.

Applying a requirement is impracticable when the entity cannot apply it

after making every reasonable effort to do so.
The more clearly determinable of either:
(a) the prevailing rate for a similar instrument of an issuer with a similar
credit rating; or
(b) a rate of interest that discounts the nominal amount of the
instrument to the current cash sales price of the goods or services.
The earlier of the date of the lease agreement and the date of
commitment by the parties to the principal provisions of the lease.

Increases in economic benefits during the accounting period in the form

of inflows or enhancements of assets or decreases of liabilities that
result in increases in equity, other than those relating to contributions
from equity participants.

A method whereby profit or loss is adjusted for the effects of

transactions of a non cash nature, any deferrals or accruals of past or
future operating cash receipts or payments, and items of income or
expense associated with investing or financing cash flows.
Incremental costs that are directly attributable to negotiating and
arranging a lease, except for such costs incurred by manufacturer or
dealer lessors.

An insurers net contractual rights under an insurance contract.

A contract under which one party (the insurer) accepts significant

insurance risk from another party (the policyholder) by agreeing to
compensate the policyholder if a specified uncertain future event (the
insured event) adversely affects the policyholder. (See IFRS 4 Appendix
B for guidance on this definition.)

An insurers net contractual obligations under an insurance contract.

Risk, other than financial risk, transferred from the holder of a contract
to the issuer.

An uncertain future event that is covered by an insurance contract and

creates insurance risk.
The party that has an obligation under an insurance contract to
compensate a policyholder if an insured event occurs.
An identifiable non-monetary asset without physical substance.

The increase during a period in the present value of a defined benefit

obligation which arises because the benefits are one period closer to
settlement.
The discount rate that, at the inception of the lease, causes the
aggregate present value of (a) the minimum lease payments and (b) the
unguaranteed residual value to be equal to the sum of (i) the fair value of
the leased asset and (ii) any initial direct costs of the lessor.

The risk that the fair value or future cash flows of a financial instrument
will fluctuate because of changes in market interest rates.

A financial report containing either a complete set of financial

statements (as described in IAS 1) or a set of condensed financial
statements (as described in IAS 34) for an interim period.

A financial reporting period shorter than a full financial year.

Standards and Interpretations adopted by the International Accounting
Standards Board (IASB). They comprise:
(a) International Financial Reporting Standards;
(b) International Accounting Standards; and
(c) Interpretations developed by the International Financial Reporting
Interpretations Committee (IFRIC) or the former Standing Interpretations
Committee (SIC).

The difference between the fair value of the shares to which the
counterparty has the (conditional or unconditional) right to subscribe or
which it has the right to receive, and the price (if any) the counterparty is
(or will be) required to pay for those shares. For example, a share option
with an exercise price of CU15, on a share with a fair value of CU20, has
an intrinsic value of CU5.

Assets:
(a) held for sale in the ordinary course of business;
(b) in the process of production for such sale; or
(c) in the form of materials or supplies to be consumed in the production
process or in the rendering of services.
Inventories encompass goods purchased and held for resale including,
for example, merchandise purchased by a retailer and held for resale, or
land and other property held for resale. Inventories also encompass
finished goods produced, or work in progress being produced, by the
entity and include materials and supplies awaiting use in the production
process. In the case of a service provider, inventories include the costs
of the service, as described in IAS 2 paragraph 19, for which the entity
has not yet recognised the related revenue (see IAS 18).

The acquisition and disposal of long-term assets and other investments

not included in cash equivalents.

Property (land or a buildingor part of a buildingor both) held (by the

owner or by the lessee under a finance lease) to earn rentals or for
capital appreciation or both, rather than for:
(a) use in the production or supply of goods or services or for
administrative purposes; or
(b) sale in the ordinary course of business.
A party to a joint venture that does not have joint control over that joint
venture.

The contractually agreed sharing of control over an economic activity.

[IAS 24.9] The contractually agreed sharing of control over an economic
activity; it exists only when the strategic financial and operating
decisions relating to the activity require the unanimous consent of the
parties sharing control (the venturers). [IAS 28.2, IAS 31.3]

A contractual arrangement whereby two or more parties undertake an

economic activity that is subject to joint control.

A joint venture that involves the establishment of a corporation,

partnership or other entity in which each venturer has an interest. The
entity operates in the same way as other entities, except that a
contractual arrangement between the venturers establishes joint control
over the economic activity of the entity.

Those persons having authority and responsibility for planning,

directing and controlling the activities of the entity, directly or indirectly,
including any director (whether executive or otherwise) of that entity.

An agreement whereby the lessor conveys to the lessee in return for a

payment or series of payments the right to use an asset for an agreed
period of time.

The non cancellable period for which the lessee has contracted to lease
the asset together with any further terms for which the lessee has the
option to continue to lease the asset, with or without further payment,
when at the inception of the lease it is reasonably certain that the lessee
will exercise the option.
An obligation that derives from:
(a) a contract (through its explicit or implicit terms);
(b) legislation; or
(c) other operation of law.

The rate of interest the lessee would have to pay on a similar lease or, if
that is not determinable, the rate that, at the inception of the lease, the
lessee would incur to borrow over a similar term, and with a similar
security, the funds necessary to purchase the asset.

A present obligation of the entity arising from past events, the

settlement of which is expected to result in an outflow from the entity of
resources embodying economic benefits.
The availability of cash in the near future after taking account of
financial commitments over this period.

The risk that an entity will encounter difficulty in meeting obligations

associated with financial liabilities.

Non derivative financial assets with fixed or determinable payments that

are not quoted in an active market, other than:
(a) those that the entity intends to sell immediately or in the near term,
which shall be classified as held for trading, and those that the entity
upon initial recognition designates as at fair value through profit or loss;
(b) those that the entity upon initial recognition designates as available
for sale; or
(c) those for which the holder may not recover substantially all of its
initial investment, other than because of credit deterioration, which shall
be classified as available for sale.
An interest acquired in a pool of assets that are not loans or receivables
(for example, an interest in a mutual fund or a similar fund) is not a loan
or receivable.

Financial liabilities other than short-term trade payables on normal

credit terms.

Decreases in economic benefits and as such no different in nature from

other expenses.
A condition upon which the exercise price, vesting or exercisability of an
equity instrument depends that is related to the market price of the
entitys equity instruments, such as attaining a specified share price or a
specified amount of intrinsic value of a share option, or achieving a
specified target that is based on the market price of the entitys equity
instruments relative to an index of market prices of equity instruments
of other entities.

The risk that the fair value or future cash flows of a financial instrument
will fluctuate because of changes in market prices. Market risk
comprises three types of risk: currency risk, interest rate risk and other
price risk.

An arrangement providing for an entity that undertakes a number of

financial instrument transactions with a single counterparty to make a
single net settlement of all financial instruments covered by the
agreement in the event of default on, or termination of, any one contract.

A process in which expenses are recognised in the income statement

[statement of comprehensive income] on the basis of a direct
association between the costs incurred and the earning of specific items
of income. This process involves the simultaneous or combined
recognition of revenues and expenses that result directly and jointly
from the same transactions or other events. However, the application of
the matching concept does not allow the recognition of items in the
balance sheet [statement of financial position] which do not meet the
definition of assets or liabilities.

Information is material if its omission or misstatement could influence

the economic decisions of users taken on the basis of the financial
statements.
The process of determining the monetary amounts at which the
elements of the financial statements are to be recognised and carried in
the balance sheet [statement of financial position] and income
statement [statement of comprehensive income].

The date at which the fair value of the equity instruments granted is
measured for the purposes of IFRS 2. For transactions with employees
and others providing similar services, the measurement date is grant
date. For transactions with parties other than employees (and those
providing similar services), the measurement date is the date the entity
obtains the goods or the counterparty renders service.

The payments over the lease term that the lessee is or can be required
to make, excluding contingent rent, costs for services and taxes to be
paid by and reimbursed to the lessor, together with:
(a) for a lessee, any amounts guaranteed by the lessee or by a party
related to the lessee; or
(b) for a lessor, any residual value guaranteed to the lessor by:
(i) the lessee;
(ii) a party related to the lessee; or
(iii) a third party unrelated to the lessor that is financially capable of
discharging the obligations under the guarantee.

See non-controlling interest

Money held and assets to be received in fixed or determinable amounts
of money.

Defined contribution plans (other than state plans) or defined benefit

plans (other than state plans) that:
(a) pool the assets contributed by various entities that are not under
common control; and
(b) use those assets to provide benefits to employees of more than one
entity, on the basis that contribution and benefit levels are determined
without regard to the identity of the entity that employs the employees
concerned.

An entity, other than an investor-owned entity, that provides dividends,

lower costs or other economic benefits directly to its owners, members
or participants. For example, a mutual insurance company, a credit
union and a co-operative entity are all mutual entities.
The amount of the reporting entitys interest in the net assets of that
operation.

The gross investment in the lease discounted at the interest rate implicit
in the lease.

The estimated selling price in the ordinary course of business less the
estimated costs of completion and the estimated costs necessary to
make the sale.

Freedom from bias of the information contained in financial statements.

A lease that is cancellable only:
(a) upon the occurrence of some remote contingency;
(b) with the permission of the lessor;
(c) if the lessee enters into a new lease for the same or an equivalent
asset with the same lessor; or
(d) upon payment by the lessee of such an additional amount that, at
inception of the lease, continuation of the lease is reasonably certain.

An asset that does not meet the definition of a current asset.

The production expected to be achieved on average over a number of

periods or seasons under normal circumstances, taking into account the
loss of capacity resulting from planned maintenance.

An event that creates a legal or constructive obligation that results in an

entity having no realistic alternative to settling that obligation.

A duty or responsibility to act or perform in a certain way. Obligations

may be legally enforceable as a consequence of a binding contract or
statutory requirement. Obligations also arise, however, from normal
business practice, custom and a desire to maintain good business
relations or act in an equitable manner.
See set-off, legal right of
A contract in which the unavoidable costs of meeting the obligations
under the contract exceed the economic benefits expected to be
received under it.

The principal revenue-producing activities of an entity and other

activities that are not investing or financing activities.
The time between the acquisition of assets for processing and their
realisation in cash or cash equivalents.

A lease other than a finance lease.

An equity instrument that is subordinate to all other classes of equity

instruments.
Employee benefits (other than post-employment benefits and
termination benefits) that are not due to be settled within twelve months
after the end of the period in which the employees render the related
service.
The risk that the fair value or future cash flows of a financial instrument
will fluctuate because of changes in market prices (other than those
arising from interest rate risk or currency risk), whether those changes
are caused by factors specific to the individual financial instrument or
its issuer, or factors affecting all similar financial instruments traded in
the market.

Property held (by the owner or by the lessee under a finance lease) for
use in the production or supply of goods or services or for
administrative purposes.

An entity that has one or more subsidiaries.

The members of a retirement benefit plan and others who are entitled to
benefits under the plan.
A financial asset is past due when a counterparty has failed to make a
payment when contractually due.

The change in the present value of the defined benefit obligation for
employee service in prior periods, resulting in the current period from
the introduction of, or changes to, post-employment benefits or other
long-term employee benefits. Past service cost may be either positive
(when benefits are introduced or changed so that the present value of
the defined benefit obligation increases) or negative (when existing
benefits are changed so that the present value of the defined benefit
obligation decreases).

The recognition of revenue and expenses by reference to the stage of

completion of a contract. Under this method contract revenue is
matched with the contract costs incurred in reaching the stage of
completion, resulting in the reporting of revenue, expenses and profit
which can be attributed to the proportion of work completed.
A party that has a right to compensation under an insurance contract if
an insured event occurs.

Formal or informal arrangements under which an entity provides post-

employment benefits for one or more employees.

Employee benefits (other than termination benefits) which are payable

after the completion of employment.

A financial instrument or other contract that may entitle its holder to

ordinary shares.

A current estimate of the present discounted value of the future net cash
flows in the normal course of business.
See defined benefit obligation (present value of)

The currency in which the financial statements are presented.

The basis of accounting that a first-time adopter used immediately

before adopting IFRSs.

Financial instruments, such as receivables, payables and equity

securities, that are not derivative financial instruments.

Omissions from, and misstatements in, the entitys financial statements

for one or more prior periods arising from a failure to use, or misuse of,
reliable information that:
(a) was available when financial statements for those periods were
authorised for issue; and
(b) could reasonably be expected to have been obtained and taken into
account in the preparation and presentation of those financial
statements.
Such errors include the effects of mathematical mistakes, mistakes in
applying accounting policies, oversights or misinterpretations of facts,
and fraud.
More likely than not.

The residual amount that remains after expenses (including capital

maintenance adjustments, where appropriate) have been deducted from
income. Any amount over and above that required to maintain the capital
at the beginning of the period is profit.

An actuarial valuation method that sees each period of service as giving

rise to an additional unit of benefit entitlement and measures each unit
separately to build up the final obligation (sometimes known as the
accrued benefit method pro rated on service or as the benefit/years of
service method).

Tangible items that:

(a) are held for use in the production or supply of goods or services, for
rental to others, or for administrative purposes; and
(b) are expected to be used during more than one period.
A method of accounting and reporting whereby a venturers share of
each of the assets, liabilities, income and expenses of a jointly
controlled entity is combined line by line with similar items in the
venturers financial statements or reported as separate line items in the
venturers financial statements.

Prospective application of a change in accounting policy and of

recognising the effect of a change in an accounting estimate,
respectively, are:
(a) applying the new accounting policy to transactions, other events and
conditions occurring after the date as at which the policy is changed;
and
(b) recognising the effect of the change in the accounting estimate in the
current and future periods affected by the change.

A liability of uncertain timing or amount.

The inclusion of a degree of caution in the exercise of the judgements

needed in making the estimates required under conditions of
uncertainty, such that assets or income are not overstated and liabilities
or expenses are not understated.

Contracts that give the holder the right to sell ordinary shares at a
specified price for a given period.

A financial instrument that gives the holder the right to put the
instrument back to the issuer for cash or another financial asset or is
automatically put back to the issuer on the occurrence of an uncertain
future event or the death or retirement of the instrument holder.
An asset that necessarily takes a substantial period of time to get ready
for its intended use or sale.

An insurance policy issued by an insurer that is not a related party (as

defined in IAS 24) of the reporting entity, if the proceeds of the policy:
(a) can be used only to pay or fund employee benefits under a defined
benefit plan;
(b) are not available to the reporting entitys own creditors (even in
bankruptcy) and cannot be paid to the reporting entity, unless either:
(i) the proceeds represent surplus assets that are not needed for the
policy to meet all the related employee benefit obligations; or
(ii) the proceeds are returned to the reporting entity to reimburse it for
employee benefits already paid.

The amount of cash or cash equivalents that could currently be obtained

by selling an asset in an orderly disposal.

The process of incorporating in the balance sheet [statement of financial

position] or income statement [statement of comprehensive income] an
item that meets the definition of an element and satisfies the following
criteria for recognition:
(a) it is probable that any future economic benefit associated with the
item will flow to or from the entity; and
(b) the item has a cost or value that can be measured with reliability.
The higher of an assets (or cash-generating units) fair value less costs
to sell and its value in use.

A purchase or sale of a financial asset under a contract whose terms

require delivery of the asset within the time frame established generally
by regulation or convention in the marketplace concerned.

An insurance contract issued by one insurer (the reinsurer) to

compensate another insurer (the cedant) for losses on one or more
contracts issued by the cedant.
The party that has an obligation under a reinsurance contract to
compensate a cedant if an insured event occurs.

A party is related to an entity if:

(a) directly, or indirectly through one or more intermediaries, the party:
(i) controls, is controlled by, or is under common control with, the entity
(this includes parents, subsidiaries and fellow subsidiaries);
(ii) has an interest in the entity that gives it significant influence over the
entity; or
(iii) has joint control over the entity;
(b) the party is an associate (as defined in IAS 28) of the entity;
(c) the party is a joint venture in which the entity is a venturer (see IAS
31);
(d) the party is a member of the key management personnel of the entity
or its parent;
(e) the party is a close member of the family of any individual referred to
in (a) or (d);
(f) the party is an entity that is controlled, jointly controlled or
significantly influenced by, or for which significant voting power in such
entity resides with, directly or indirectly, any individual referred to in (d)
or (e); or
(g) the party is a post employment benefit plan for the benefit of
employees of the entity, or of any entity that is a related party of the
entity.

A transfer of resources, services or obligations between related parties,

regardless of whether a price is charged.
Information has the quality of relevance when it influences the economic
decisions of users by helping them evaluate past, present or future
events or confirming, or correcting, their past evaluations.

Information has the quality of reliability when it is free from material

error and bias and can be depended upon by users to represent
faithfully that which it either purports to represent or could reasonably
be expected to represent.

A feature that provides for an automatic grant of additional share

options whenever the option holder exercises previously granted
options using the entitys shares, rather than cash, to satisfy the
exercise price.
A new share option granted when a share is used to satisfy the exercise
price of a previous share option.

An operating segment for which IFRS 8 requires information to be

disclosed.

An entity for which there are users who rely on the financial statements
as their major source of financial information about the entity.
Original and planned investigation undertaken with the prospect of
gaining new scientific or technical knowledge and understanding.

The estimated amount that an entity would currently obtain from

disposal of an asset, after deducting the estimated costs of disposal, if
the asset were already of the age and in the condition expected at the
end of its useful life.

A programme that is planned and controlled by management, and

materially changes either:
(a) the scope of a business undertaken by an entity; or
(b) the manner in which that business is conducted.

Arrangements whereby an entity provides benefits for its employees on

or after termination of service (either in the form of an annual income or
as a lump sum) when such benefits, or the employers contributions
towards them, can be determined or estimated in advance of retirement
from the provisions of a document or from the entitys practices. (See
also post employment benefit plans.)

Applying a new accounting policy to transactions, other events and

conditions as if that policy had always been applied.

Interest, dividends and other revenue derived from the plan assets,
together with realised and unrealised gains or losses on the plan assets,
less any costs of administering the plan (other than those included in
the actuarial assumptions used to measure the defined benefit
obligation) and less any tax payable by the plan itself.
Restatement of assets and liabilities.
The fair value of an asset at the date of a revaluation less any
subsequent accumulated depreciation and subsequent accumulated
impairment losses.
The gross inflow of economic benefits during the period arising in the
course of the ordinary activities of an entity when those inflows result in
increases in equity, other than increases relating to contributions from
equity participants.

An acquisition where the acquirer is the entity whose equity interests

have been acquired and the issuing entity is the acquiree. This might be
the case when, for example, a private entity arranges to have itself
acquired by a smaller public entity as a means of obtaining a stock
exchange listing.

Rewards may be represented by the expectation of profitable operation

over the assets economic life and of gain from appreciation in value or
realisation of a residual value.

Risks include possibilities of losses from idle capacity or technological

obsolescence and of variations in return because of changing economic
conditions.
The sale of an asset and the leasing back of the same asset. The lease
payment and the sale price are usually interdependent because they are
negotiated as a package.

Those presented by a parent, an investor in an associate or a venturer in

a jointly controlled entity, in which the investments are accounted for on
the basis of the direct equity interest rather than on the basis of the
reported results and net assets of the investees.
A debtors legal right, by contract or otherwise, to settle or otherwise
eliminate all or a portion of an amount due to a creditor by applying
against that amount an amount due from the creditor.

A transaction that eliminates all further legal or constructive obligation

for part or all of the benefits provided under a defined benefit plan, for
example, when a lump sum cash payment is made to, or on behalf of,
plan participants in exchange for their rights to receive specified post
employment benefits.
The date that a financial asset is delivered to or by an entity.

The undiscounted amounts of cash or cash equivalents expected to be

paid to satisfy the liabilities in the normal course of business.
A contract that gives the holder the right, but not the obligation, to
subscribe to the entitys shares at a fixed or determinable price for a
specific period of time.

An agreement between the entity and another party (including an

employee) to enter into a share based payment transaction, which
thereby entitles the other party to receive cash or other assets of the
entity for amounts that are based on the price of the entitys shares or
other equity instruments of the entity, or to receive equity instruments of
the entity, provided the specified vesting conditions, if any, are met.

A transaction in which the entity receives goods or services as

consideration for equity instruments of the entity (including shares or
share options), or acquires goods or services by incurring liabilities to
the supplier of those goods or services for amounts that are based on
the price of the entitys shares or other equity instruments of the entity.

An entity that sells financial assets that it has borrowed and does not
yet own.
Employee benefits (other than termination benefits) that are due to be
settled within twelve months after the end of the period in which the
employees render the related service.

The power to participate in the financial and operating policy decisions

of an entity, but not control over those policies. Significant influence
may be gained by share ownership, statute or agreement.

The availability of cash over the longer term to meet financial

commitments as they fall due.
The exchange rate for immediate delivery.
An entity, including an unincorporated entity such as a partnership, that
is controlled by another entity (known as the parent).

The principle that transactions and other events are accounted for and
presented in accordance with their substance and economic reality and
not merely their legal form.
The amount attributed to that asset or liability for tax purposes.

The aggregate amount included in the determination of profit or loss for

the period in respect of current tax and deferred tax. Tax expense (tax
income) comprises current tax expense (current tax income) and
deferred tax expense (deferred tax income).

The profit (loss) for a period, determined in accordance with the rules
established by the taxation authorities, upon which income taxes are
payable (recoverable).
Temporary differences that will result in taxable amounts in determining
taxable profit (tax loss) of future periods when the carrying amount of
the asset or liability is recovered or settled.

Differences between the carrying amount of an asset or liability in the

statement of financial position and its tax base. Temporary differences
may be either:
(a) taxable temporary differences; or
(b) deductible temporary differences.

Employee benefits payable as a result of either:

(a) an entitys decision to terminate an employees employment before
the normal retirement date; or
(b) an employees decision to accept voluntary redundancy in exchange
for those benefits.
The date that an entity commits itself to purchase or sell an asset.

Incremental costs that are directly attributable to the acquisition, issue

or disposal of a financial asset or financial liability (see IAS 39
paragraph AG13). An incremental cost is one that would not have been
incurred if the entity had not acquired, issued or disposed of the
financial instrument.

For an entity on first adopting IAS 19:

(a) the present value of the obligation at the date of adoption;
(b) minus the fair value, at the date of adoption, of plan assets (if any)
out of which the obligations are to be settled directly;
(c) minus any past service cost that shall be recognised in later periods.
An entitys own equity instruments, held by the entity or other members
of the consolidated group.

Account for the components of a contract as if they were separate

contracts.
Information provided in financial statements has the quality of
understandability when it is comprehensible to users who have a
reasonable knowledge of business and economic activities and
accounting and a willingness to study the information with reasonable
diligence.

The difference between:

(a) the gross investment in the lease, and
(b) the net investment in the lease.

That portion of the residual value of the leased asset, the realisation of
which by the lessor is not assured or is guaranteed solely by a party
related to the lessor.
The estimated remaining period, from the commencement of the lease
term, without limitation by the lease term, over which the economic
benefits embodied in the asset are expected to be consumed by the
entity [IAS 17.4]. Either:
(a) the period over which an asset is expected to be available for use by
an entity; or
(b) the number of production or similar units expected to be obtained
from the asset by the entity. [IAS 16.6, IAS 36.6, IAS 38.8]

The present value of estimated future cash flows expected to arise from
the continuing use of an asset and from its disposal at the end of its
useful life.[IFRS 5.A] The present value of the future cash flows expected
to be derived from an asset or cash-generating unit. [IAS 36.6]

Those indirect costs of production that vary directly, or nearly directly,

with the volume of production, such as indirect materials and indirect
labour.
A party to a joint venture that has joint control over that joint venture.

To become an entitlement. Under a share-based payment arrangement, a

counterpartys right to receive cash, other assets or equity instruments
of the entity vests when the counterpartys entitlement is no longer
conditional on the satisfaction of any vesting conditions.

Employee benefits that are not conditional on future employment.

The conditions that determine whether the entity receives the services
that entitle the counterparty to receive cash, other assets or equity
instruments of the entity, under a share-based payment arrangement.
Vesting conditions are either service conditions or performance
conditions. Service conditions require the counterparty to complete a
specified period of service. Performance conditions require the
counterparty to complete a specified period of service and specified
performance targets to be met (such as a specified increase in the
entitys profit over a specified period of time). A performance condition
might include a market condition.

The period during which all the specified vesting conditions of a share-
based payment arrangement are to be satisfied.

A financial instrument that gives the holder the right to purchase

ordinary shares.

Under this formula, the cost of each item is determined from the
weighted average of the cost of similar items at the beginning of a
period and the cost of similar items purchased or produced during the
period. The average may be calculated on a periodic basis, or as each
additional shipment is received, depending upon the circumstances of
the entity.
An operating segment is a component of an entity:
(a) that engages in business activities from which it may earn revenues
and incur expenses (including revenues and expenses relating to
transactions with other components of the same entity),
(b) whose operating results are regularly reviewed by the entitys chief
operating decision maker to make decisions about resources to be
allocated to the segment and assess its performance, and
(c) for which discrete financial information is available.
Items of income and expense (including reclassification adjustments)
that are not recognised in profit or loss as required or permitted by other
IFRSs.

The change in equity during a period resulting from transactions and

other events, other than those changes resulting from transactions with
owners in their capacity as owners.

Amounts reclassified to profit or loss in the current period that were

recognised in other comprehensive income in the current or previous
periods.
Financial statements that are intended to meet the needs of users who
are not in a position to require an entity to prepare reports tailored to
their particular information needs.

Usually, an obligation of the acquirer to transfer additional assets or

equity interests to the former owners of an acquiree as part of the
exchange for control of the acquiree if specified future events occur or
conditions are met. However, contingent consideration also may give
the acquirer the right to the return of previously transferred
consideration if specified conditions are met.

The equity in a subsidiary not attributable, directly or indirectly, to a

parent.
Holders of instruments classified as equity. [IAS 1.7] In IFRS 3 owners is
used broadly to include holders of equity interests of investor-owned
entities and owners or members of, or participants in, mutual entities.
[IFRS 3.A]
The power to govern the financial and operating policies of an entity so
as to obtain benefits from its activities.
Those events, favourable and unfavourable, that occur between the end
of the reporting period and the date when the financial statements are
authorised for issue. Two types of events can be identified:
(a) those that provide evidence of conditions that existed at the end of
the reporting period (adjusting events after the reporting period); and
(b) those that are indicative of conditions that arose after the reporting
period (non-adjusting events after the reporting period).

An entitys statement of financial position at the date of transition to

IFRSs.

The relationship of the income and expenses of an entity, as reported in

the income statement [statement of comprehensive income].

The specific principles, bases, conventions, rules and practices applied

by an entity in preparing and presenting financial statements.

Inflows and outflows of cash and cash equivalents.

An adjustment of the carrying amount of an asset or a liability, or the
amount of the periodic consumption of an asset, that results from the
assessment of the present status of, and expected future benefits and
obligations associated with, assets and liabilities. Changes in
accounting estimates result from new information or new developments
and, accordingly, are not corrections of errors.
Grouping of financial instruments that is appropriate to the nature of the
information disclosed and that takes into account the characteristics of
those financial instruments.

Includes all employee benefits (as defined in IAS 19) including employee
benefits to which IFRS 2 applies. Employee benefits are all forms of
consideration paid, payable or provided by the entity, or on behalf of the
entity, in exchange for services rendered to the entity. It also includes
such consideration paid on behalf of a parent of the entity in respect of
the entity. Compensation includes:
(a) short-term employee benefits, such as wages, salaries and social
security contributions, paid annual leave and paid sick leave, profit-
sharing and bonuses (if payable within twelve months of the end of the
period) and non-monetary benefits (such as medical care, housing, cars
and free or subsidised goods or services) for current employees;
(b) post-employment benefits such as pensions, other retirement
benefits, post-employment life insurance and post-employment medical
care;
(c) other long-term employee benefits, including long-service leave or
sabbatical leave, jubilee or other long-service benefits, long-term
disability benefits and, if they are not payable wholly within twelve
months after the end of the period, profit-sharing, bonuses and deferred
compensation;
(d) termination benefits; and
(e) share-based payment.

Operations and cash flows that can be clearly distinguished,

operationally and for financial reporting purposes, from the rest of the
entity.
A financial instrument that, from the issuers perspective, contains both
a liability and an equity element.
Ordinary shares issuable for little or no cash or other consideration
upon the satisfaction of specified conditions in a contingent share
agreement.
The amount obtainable from the sale of an asset or cash-generating unit
in an arms length transaction between knowledgeable, willing parties,
less the costs of disposal.
A contract that requires the issuer to make specified payments to
reimburse the holder for a loss it incurs because a specified debtor fails
to make payment when due in accordance with the original or modified
terms of a debt instrument.

The latest reporting period covered by an entitys first IFRS financial

statements.

Contributions by an entity, and sometimes its employees, into an entity,

or fund, that is legally separate from the reporting entity and from which
the employee benefits are paid.

The transfer of assets to an entity (the fund) separate from the

employers entity to meet future obligations for the payment of
retirement benefits.
Payments or other benefits to which a particular policyholder or investor
has an unconditional right that is not subject to the contractual
discretion of the issuer.
An obligation to pay guaranteed benefits, included in a contract that
contains a discretionary participation feature.
An asset is identifiable if it either:
(a) is separable, ie capable of being separated or divided from the entity
and sold, transferred, licensed, rented or exchanged, either individually
or together with a related contract, identifiable asset or liability,
regardless of whether the entity intends to do so; or
(b) arises from contractual or other legal rights, regardless of whether
those rights are transferable or separable from the entity or from other
rights and obligations.

The rate of interest the lessee would have to pay on a similar lease or, if
that is not determinable, the rate that, at the inception of the lease, the
lessee would incur to borrow over a similar term, and with a similar
security, the funds necessary to purchase the asset.

An assessment of whether the carrying amount of an insurance liability

needs to be increased (or the carrying amount of related deferred
acquisition costs or related intangible assets decreased), based on a
review of future cash flows.

Omissions or misstatements of items are material if they could,

individually or collectively, influence the economic decisions that users
make on the basis of the financial statements. Materiality depends on
the size and nature of the omission or misstatement judged in the
surrounding circumstances. The size or nature of the item, or a
combination of both, could be the determining factor.

Units of currency held and assets and liabilities to be received or paid in

a fixed or determinable number of units of currency. [IAS 21.8] Money
held and items to be received or paid in money. [IAS 29.12]

The assets of a plan less liabilities other than the actuarial present value
of promised retirement benefits.

Financial instruments that give the holder the right to purchase ordinary
shares.

Holders of ordinary shares.

The total of income less expenses, excluding the components of other
comprehensive income.
A cedants net contractual rights under a reinsurance contract.

Correcting the recognition, measurement and disclosure of amounts of

elements of financial statements as if a prior period error had never
occurred.
Employee benefit plans established by legislation to cover all entities (or
all entities in a particular category, for example a specific industry) and
operated by national or local government or by another body (for
example an autonomous agency created specifically for this purpose)
which is not subject to control or influence by the reporting entity.

Benefits, the rights to which, under the conditions of a retirement benefit

plan, are not conditional on continued employment.

The number of ordinary shares outstanding at the beginning of the

period, adjusted by the number of ordinary shares bought back or
issued during the period multiplied by a time-weighting factor.
As used in management commentary, reflects how the entity has grown or
changed in the current year, as well as how it expects to grow or change in
the future.
Information is reliable when it is complete, neutral and free from error.
Means having information available to decision-makers in time to be capable
of influencing their decisions.
Verifiability means that different knowledgeable and independent observers
could reach consensus, although not necessarily complete agreement, that a
particular depiction is a faithful representation.

Net interest on the net defined benefit liability (asset) is the change during the
period in the net defined benefit liability (asset) that arises from the passage
of time.

Remeasurements of the net defined benefit liability (asset) comprise:

(a) actuarial gains and losses;
(b) the return on plan assets, excluding amounts included in net interest on
the net defined benefit liability (asset); and
(c) any change in the effect of the asset ceiling, excluding amounts included
in net interest on the net defined benefit liability (asset).
Comments
Non-EU
Non-EU
This term is no longer used in IFRSs; change made by
IAS 1 revised in 2007
This term is no longer used in IFRSs; change made by
IAS 1 revised in 2007
Non-EU
Non-EU
Non-EU

Non-EU
Non-EU

Non-EU
Non-EU

Non-EU
This term is no longer used in IFRSs; change made by
IAS 1 revised in 2007
Non-EU

Non-EU

Non-EU
Non-EU

credit derivative default contract exits in IFRS, not

'...product'; term to be changed in future ?
Non-EU

Non-EU

DOES NOT EXIST ANY MORE: ONLY NON-DEALING SECURITES EXIST IN

IAS 7.App B
Non-EU

Non-EU
e. share o. plan does no longer seem to exist- only either
:employee share ownership or employee share plan
Non-EU

Non-EU

Non-EU

to check if term still exists

Non-EU

to check if term still exists

Non-EU
Non-EU

OLD TITLE. It now present as cross reference IAS 10,

11, 19, IFRS 5 BfC (Non-EU)
This term is no longer used in IFRSs; change made by
IAS 1 revised in 2007
Non-EU
Non-EU
Non-EU

Non-EU

Non-EU

Non-EU
Non-EU
Non-EU
Non-EU

Non-EU
Non-EU
Non-EU
Non-EU
Non-EU

Non-EU
Non-EU

Non-EU
Non-EU
Non-EU
Non-EU
Non-EU
Non-EU
Non-EU

Non-EU

Non-EU

Non-EU
Non-EU

Non-EU
Non-EU
Non-EU
Non-EU
Non-EU
Non-EU

Non-EU

Non-EU

Non-EU
Non-EU
Non-EU

Non-EU
check source if only in IAS 39, singular version 's.
liability' in IAS 39
Non-EU
Non-EU

Non-EU

Non-EU

Non-EU
plural form IAS 26 / not in BV 2005

Non-EU
doesnt appear to be in BV 06 - to check

Non-EU

Non-EU

Non-EU
should it be infinitive: test goodwill for i.- to be changed?
Non-EU
not anymore in BV 2005
Non-EU

Non-EU
appears no longer to be in BV 06, but uncollectable - IAS 11
Non-EU
Non-EU

Non-EU

Non-EU
Non-EU

Non-EU
Non-EU

Non-EU

Non-EU

Non-EU
Non-EU

Non-EU

Non-EU

Non-EU

Non-EU
Non-EU

Non-EU
non-EU
NEW

NEW

added for translation 15 Sept 2009

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