SB-FRS (effective after 1 January 2016, issued up to December 2016)
STATUTORY BOARD FINANCIAL REPORTING STANDARDS EFFECTIVE AFTER 1 JANUARY 2016 (ISSUED UP TO 31 DECEMBER 2016)
The following are new/revised/amendments to SB-FRSs and INT SB-FRSs issued by the Accountant-General (up to 31 December 2016) which are effective after 1 January 2016.
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| Titles | Effective Date (Annual periods beginning on or after) | Issuance Date | |
|---|---|---|---|
| Issued in 2015 | |||
| SB-FRS 110, SB-FRS 28 |
Amendments to SB-FRS 110 and SB-FRS 28: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture | To be determined1 | 18.03.2015 |
| SB-FRS 109 | Financial Instruments Illustrative Examples Implementation Guidance Amendments to Guidance on Other Standards |
1.1.2018 | 8.7.2015 |
| SB-FRS 115 | Revenue from Contracts with Customers Illustrative Examples |
1.1.20182 | 8.7.2015 |
| SB-FRS 1001 | Accounting and Disclosure for Non-Exchange Revenue | 1.1.20183 | 21.9.2015 |
| Issued in 2016 | |||
| SB-FRS 110, SB-FRS 28 |
Amendments to Effective Date of Amendments to SB-FRS 110 and SB-FRS 28 | To be determined | 10.03.2016 |
| SB-FRS 115 | Amendments to Effective Date of SB-FRS 115 | 1.1.2018 | 10.03.2016 |
| SB-FRS 7 | Amendments to SB-FRS 7: Disclosure Initiative | 1.1.2017 | 26.07.2016 |
| SB-FRS 12 | Amendments to SB-FRS 12: Recognition of Deferred Tax Assets for Unrealised Losses | 1.1.2017 | 26.07.2016 |
1i)The mandatory effective date of this Amendment had been revised to a date to be determined via Amendments to Effective Date of Amendments to SB-FRS 110 and SB-FRS 28.
ii) This should be read together with the Amendments to Effective Date of Amendments to SB-FRS 110 and SB-FRS 28 issued in 2016.
2The mandatory effective date of this SB-FRS had been revised to 1 January 2018 via Amendments to Effective Date of SB-FRS 115.
3The mandatory effective date of this SB-FRS had been revised from 1 January 2017 to 1 January 2018.
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