DISCLOSURE CHECKLIST

Standar
Requirements Compliance Remarks
d
A. Creditor Claims

IAS 1.56 Is there a distinction between current and

non-current assets and liabilities is made on
the face of the statement of financial position, Y N N/A N/M
deferred tax assets (liabilities) should be
classified as non-current assets (liabilities)

IAS 1.61 Where any of the above items combine

current and non-current amounts, disclose the
amount of non-current portion, which is Y N N/A N/M
expected to be recovered or settled after more
than 12 months

IAS 1.32 Assets and Liabilities should not be offset

except when offsetting is required or Y N N/A N/M
permitted by a Standard or an Interpretation

IAS 1.69 A liability should be classified as a current

liability when it:
1. Is expected to be settled in the normal Y N N/A N/M
course of the entity’s operating cycle
2. Is held primarily for the purpose of Y N N/A N/M
being traded
3. Due to be settled within twelve Y N N/A N/M
months after reporting period
4. The entity does not have an
unconditional right to defer
settlement of the liability for at least Y N N/A N/M
twelve months after the reporting
period

All other Liabilities should be classified as non- Y N N/A N/M

current liabilities

B. Equity Holders’ Claims

IAS 1.79 Does the entity disclose the nature and

purpose of each reserve within equity Y N N/A N/M

Does the entity disclose all of the following for

each class of share capital (or for each
category of equity interest for an entity
 without share capital):
1. The number of shares authorized Y N N/A N/M
2. The number of shares issued and Y N N/A N/M
fully paid, and issued but not fully paid
3. Par value per share, or that the Y N N/A N/M
shares have no par value
4. . A reconciliation of the shares
outstanding at the beginning and at Y N N/A N/M
the end of the period
5. The rights, preferences and
restrictions attaching to that class
including restrictions on the Y N N/A N/M
distribution of dividends and the
repayment of capital
6. Shares in the entity held by the
entity or by its subsidiaries or Y N N/A N/M
associates (“treasury shares”)
7. Shares reserved for issue under
options and contracts for the sale of Y N N/A N/M
shares, including terms and amounts

IAS 32.34 Does the entity provide disclosures in

accordance with IAS 24, if the entity Y N N/A N/M
reacquires its own shares from related parties

C. Contingencies and Commitments

IAS 37.28 A contingent liability is disclosed as required

by Par 86 of IAS 37, unless the possibility of an Y N N/A N/M
outflow of resources embodying economic
benefits is remote

Do not recognize a contingent liability.

Disclose such unless the possibility of an Y N N/A N/M
outflow of resources is remote

IAS 37.86 Unless the possibility of any outflow is remote,

an entity should disclose for each class of
contingent liability at the end of the reporting
period a brief description of the nature of the
contingent liability and where practicable:
1. Estimate of its financial effect measure Y N N/A N/M
under par. 36-52 of IAS 37
2. Indication of uncertainties relating to Y N N/A N/M
the amount or timing of any outflow
3. The possibility of any reimbursement Y N N/A N/M
 Where provision and a contingent liability
IAS 37.38 arise from the same set of circumstances, the
link between the provision and the contingent
liability should be shown Y N N/A N/M

D. Fair Values

IFRS 7.25 Does the entity disclose for each class of

financial assets and financial liabilities, the fair
value of that class of assets and liabilities in a Y N N/A N/M
way that permits it to be compared with its
carrying amount (except for those noted in
IFRS 7.29)

IFRS 7.26 In disclosing fair values, does the entity group

financial assets and financial liabilities into
classes, but offset them only to the extent that Y N N/A N/M
their carrying amounts are offset in the
statement of financial position

IFRS 7.27 Classify FV measurements using FV hierarchy

that reflects the significance of the inputs used
in making the measurements. The FV
hierarchy shall have the following levels:
1. Quoted Prices in active markets for Y N N/A N/M
identical assets or liabilities (Level 1)
2. Inputs other than quoted prices
included within Level 1 that are Y N N/A N/M
observable for the asset/liability,
either directly or indirectly (Level 2)
3. Inputs for the asset/liability that are Y N N/A N/M
not based on observable market data
(Level 3)

IFRS 7.30 In the cases described in IFRS 7.29(c), does the

entity which does not adopt IFRS 17 early
disclose information to help users of the
financial statements make their own
judgements about the extent of possible
differences between the carrying amount of
those contracts and their fair value, including:
1. The fact that the entity does not
disclose fair value information for
these instruments because their fair Y N N/A N/M
value cannot be measured reliably
2. A description of the financial
instruments, their carrying amount
 and an explanation of why fair value Y N N/A N/M
cannot be measured reliably
3. Information about the market for the
instruments Y N N/A N/M
4. Information about whether and how
the entity intends to dispose of the
financial instruments Y N N/A N/M
5. If financial instruments whose fair
value previously could not be reliably
measured are derecognized:
a. The fact
b. Their Carrying Amount Y N N/A N/M
c. The amount of gain or loss Y N N/A N/M
recognized Y N N/A N/M

E. Leases

Finance leases:
IAS 17.31 For each class, the net carrying amount at the Y N N/A N/M
end of the reporting period

Reconciliation between the total future

minimum lease payments at the end of the Y N N/A N/M
reporting period and their present value

The total future minimum lease payments at

the end of the reporting period and their PV for
each of the ff:
1. Not later than one year Y N N/A N/M
2. Later than one year and not later than Y N N/A N/M
five years
3. Later than five years Y N N/A N/M

A general description of the lessee’s significant

leasing arrangements:
1. Basis on which contingent rent
payments are determined Y N N/A N/M
2. Existence and terms of renewal of
purchase options and escalation Y N N/A N/M
clauses
3. Restrictions imposed by lease
arrangements, such as those Y N N/A N/M
concerning dividends, additional debt,
and further leasing

IAS 17.32 The disclosure requirements of IAS 16 apply to

 amounts of leased assets under finance leases
that are accounted for by the lessee as Y N N/A N/M
acquisitions of assets

Operating Leases:
IAS 17.35 The total future minimum lease payments
under noncancelable operating leases for each
of the ff. period
1. Not later than one year
2. Later than one year and not later than Y N N/A N/M
five years Y N N/A N/M
3. Later than five years
Y N N/A N/M
The total of future minimum sublease
payments to be received under noncancelable
subleases at the end of the reporting period Y N N/A N/M

Lease and sublease payments recognized in

the income statement for the period, with
separate amounts for minimum lease
payments, contingent rents, and sublease Y N N/A N/M
payments

A general description of the lessee’s significant

leasing arrangements:
1. Basis on which contingent rent Y N N/A N/M
payments are determined
2. Existence and terms of renewal of
purchase options and escalation Y N N/A N/M
clauses
3. Restrictions imposed by lease
arrangements, such as those Y N N/A N/M
concerning dividends, additional debt,
and further leasing

IAS 17.65 Any unique or unusual provisions of the

agreements or terms of the sale and leaseback Y N N/A N/M
transactions should be separately disclosed

Y (Yes) – The appropriate disclosure has been made

N (No) – The appropriate disclosure has not been made / particular requirement not complied
with
N/A (Not Applicable) – The item does not apply to the reporting enity
N/M (Not Material) – The item is regarded as not material to the financial statements of the
reporting entity