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Standards by year end
Publication date: 27 Jan 2021
gx Reporting guide
This table displays the new standards, amendments and IFRICs issued during the last 12 months and when they are effective from, subject to endorsement. The tables below display for specific year ends the new standards, amendments and IFRICs which become applicable for the first time subject to endorsement.
Applicability of latest IFRS standards and IFRICs
Key: | ||||
Endorsed | ||||
Not yet endorsed | ||||
Effective from beginning of | From 01 Jan 2020 | From 01 Jan 2021 | From 01 Jan 2022 | From 01 Jan 2023 |
New standards | ||||
IFRS 17, 'Insurance contracts' (effective 1 January 2023 or when apply IFRS 15 and IFRS 9 | ||||
Amendments | ||||
Amendments to IAS 1 and IAS 8 on definition of material (effective 1 January 2020) | ||||
Amendment to IFRS 3, Business combinations (effective 1 January 2020) | ||||
Amendments to IFRS 9, IAS 39 and IFRS 7 - Interest rate benchmark reform (effective 1 January 2020) | ||||
Amendment to IFRS 16 Leases Covid 19- Related rent concessions (effective 1 June 2020) | ||||
Amendments to IFRS 4 Insurance contracts (effective 1 January 2021) | ||||
Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 Interest Rate Benchmark Reform – Phase 2 (effective 1 January 2021) | ||||
Amendments to IAS 1, Presentation of financial statements' on classification of liabilities (effective 1 January 2023) subject to endorsement | ||||
Annual Improvements 2018-2020 (effective 1 January 2022) | ||||
Narrow scope amendments to IFRS 3, IAS 16 and IAS 37 (effective 1 January 2022) |
Mandatory for 31 March 2020 year ends (subject to endorsement) | From 01 Apr 2019 |
Amendments | |
IFRS 16, Leases' (effective 1 January 2019) | |
Amendment to IFRS 9, 'Financial instruments' on prepayment features with negative compensation (effective date 1 January 2019) | |
Amendments to IAS 28, 'Investments in associates', on long term interests in associates and joint ventures (effective date 1 January 2019) | |
Amendment to IAS 19, 'Employee benefits' Plan amendment, curtailment or settlement' (effective 1 January 2019) | |
Annual improvements 2015-2017 (effective 1 January 2019) | |
IFRIC 23 'Uncertainty over income tax' (effective 1 January 2019) |
Mandatory for 30 June 2020 year ends (subject to endorsement) | From 01 Jul 2019 |
Amendments | |
IFRS 16, Leases' (effective 1 January 2019) | |
Amendment to IFRS 9, 'Financial instruments' on prepayment features with negative compensation (effective date 1 January 2019) | |
Amendments to IAS 28, 'Investments in associates', on long term interests in associates and joint ventures (effective date 1 January 2019) | |
Amendment to IAS 19, 'Employee benefits' Plan amendment, curtailment or settlement' (effective 1 January 2019) | |
Annual improvements 2015-2017 (effective 1 January 2019) | |
IFRIC 23 'Uncertainty over income tax' (effective 1 January 2019) |
Mandatory for 30 September 2020 year ends (subject to endorsement) | From 01 Oct 2019 |
Amendments | |
IFRS 16, Leases' (effective 1 January 2019) | |
Amendment to IFRS 9, 'Financial instruments' on prepayment features with negative compensation (effective date 1 January 2019) | |
Amendments to IAS 28, 'Investments in associates', on long term interests in associates and joint ventures (effective date 1 January 2019) | |
Amendment to IAS 19, 'Employee benefits' Plan amendment, curtailment or settlement' (effective 1 January 2019) | |
Annual improvements 2015-2017 (effective 1 January 2019) | |
IFRIC 23 'Uncertainty over income tax' (effective 1 January 2019) |
Mandatory for 31 December 2020 year ends (subject to endorsement) | From 01 Jan 2020 |
Amendments | |
Amendment to IFRS 3, Business combinations (effective 1 January 2020) | |
Amendments to IFRS 9, IAS 39 and IFRS 7 - Interest rate benchmark reform (effective 1 January 2020) |
Mandatory for 31 March 2021 year ends subject to Endorsement | From 01 Apr 2020 |
Amendments | |
Amendment to IFRS 3, Business combinations (effective 1 January 2020) | |
Amendments to IFRS 9, IAS 39 and IFRS 7 - Interest rate benchmark reform (effective 1 January 2020) |
Mandatory for 30 June 2021 year ends subject to Endorsement | From 01 July 2020 |
Amendments | |
Amendment to IFRS 3, Business combinations (effective 1 January 2020) | |
Amendments to IFRS 9, IAS 39 and IFRS 7 - Interest rate benchmark reform (effective 1 January 2020) | |
Amendment to IFRS 16 Leases Covid 19- Related rent concessions (effective 1 June 2020) |
Mandatory for 30 September 2021 year ends subject to Endorsement | From 01 Oct 2020 |
Amendments | |
Amendment to IFRS 3, Business combinations (effective 1 January 2020) | |
Amendments to IFRS 9, IAS 39 and IFRS 7 - Interest rate benchmark reform (effective 1 January 2020) | |
Amendment to IFRS 16 Leases Covid 19- Related rent concessions (effective 1 June 2020) |
Mandatory for 31 December 2021 year ends subject to Endorsement | From 01 Jan 2021 |
Amendments | |
Amendment to IFRS 16 Leases Covid 19- Related rent concessions (effective 1 June 2020) | |
Amendments to IFRS 4 Insurance contracts (effective 1 January 2021) | |
Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 Interest Rate Benchmark Reform – Phase 2 (effective 1 January 2021) |
PricewaterhouseCoopers LLP
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