SB FRS (effective as at 1 January 2023)

STATUTORY BOARD FINANCIAL REPORTING STANDARDS EFFECTIVE AS AT 1 JANUARY 2023

This collection of SB-FRSs and INT SB-FRSs includes official pronouncements issued by the Accountant-General (up to 31 December 2022) and are required to be applied for annual periods beginning on 1 January 2023. The collection does not include new/revised/amendments to SB-FRSs and INT SB-FRSs with an effective date after 1 January 2023.

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Reference	Titles	Accompanying documents*
Preface	Preface to Statutory Board Financial Reporting Standards	-
SB-FRS Conceptual Framework	SB-FRS Conceptual Framework for Financial Reporting	-
SB-FRS 1	Presentation of Financial Statements	IG
SB-FRS 2	Inventories	-
SB-FRS 7	Statement of Cash Flows	IE
SB-FRS 8	Accounting Policies, Changes in Accounting Estimates and Errors	IG
SB-FRS 10	Events after the Reporting Period	-
SB-FRS 12	Income Taxes	IE
SB-FRS 16	Property, Plant and Equipment	-
SB-FRS 19	Employee Benefits	-
SB-FRS 20	Accounting for Government Grants and Disclosure of Government Assistance	-
SB-FRS 21	The Effects of Changes in Foreign Exchange Rates	-
SB-FRS 23	Borrowing Costs	-
SB-FRS 24	Related Party Disclosures	IE
SB-FRS 26	Accounting and Reporting by Retirement Benefit Plan	-
SB-FRS 27	Separate Financial Statements	-
SB-FRS 28	Investments in Associates and Joint Ventures	-
SB-FRS 29	Financial Reporting in Hyperinflationary Economies	-
SB-FRS 32	Financial Instruments: Presentation	IE
SB-FRS 33	Earnings per Share	IE
SB-FRS 34	Interim Financial Reporting	IE
SB-FRS 36	Impairment of Assets	IE
SB-FRS 37	Provisions, Contingent Liabilities and Contingent Assets	IG
SB-FRS 38	Intangible Assets	IE
SB-FRS 39	Financial Instruments: Recognition and Measurement	IE & IG
SB-FRS 40	Investment Property	-
SB-FRS 41	Agriculture	IE
SB-FRS 101	First-time Adoption of Statutory Board Financial Reporting Standards	IG
SB-FRS 102	Share-based Payment	IG
SB-FRS 103	Business Combinations	IE
SB-FRS 104	Insurance Contracts	IG
SB-FRS 105	Non-current Assets Held for Sale and Discontinued Operations	IG
SB-FRS 106	Exploration for and Evaluation of Mineral Resources	-
SB-FRS 107	Financial Instruments: Disclosures	IG
SB-FRS 108	Operating Segments	IG
SB-FRS 109	Financial Instruments	IE, IG
SB-FRS 110	Consolidated Financial Statements	IE
SB-FRS 111	Joint Arrangements	IE
SB-FRS 112	Disclosure of Interests in Other Entities	-
SB-FRS 113	Fair Value Measurement	IE
SB-FRS 114	Regulatory Deferral Accounts	IE
SB-FRS 115	Revenue from Contracts with Customers	IE
SB-FRS 116	Leases	IE
SB-FRS 1001	Accounting and Disclosure for Non-Exchange Revenue	-
SB-FRS 1002	Impairment of Non-Cash-Generating Assets	IG

The following amendments to SB-FRS issued in July 2023 includes changes to the requirements in SB-FRS that are effective either immediately with retrospective application or for annual reporting periods beginning on 1 January 2023. Entities are required to apply those changes when applying the requirements in the above collection of SB-FRSs.

Reference	Title	Effective Date	Issuance Date
SB-FRS 12	Amendments to SB-FRS 12: International Tax Reform—Pillar Two Model Rules	Refer to document	17.07.2023

*Include Implementation Guidance (IG) and Illustrative Examples (IE).

SB FRS (effective as at 1 January 2023)

STATUTORY BOARD FINANCIAL REPORTING STANDARDS EFFECTIVE AS AT 1 JANUARY 2023

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