Chwilio Deddfwriaeth

Chwiliad Uwch

Commission Regulation (EU) 2017/1986Dangos y teitl llawn

Commission Regulation (EU) 2017/1986 of 31 October 2017 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Financial Reporting Standard 16 (Text with EEA relevance)

Help about what version

Pa Fersiwn

Help about UK-EU Regulation

Deddfwriaeth yn deillio o’r UE

Pan adawodd y DU yr UE, cyhoeddodd legislation.gov.uk ddeddfwriaeth yr UE a gyhoeddwyd gan yr UE hyd at ddiwrnod cwblhau’r cyfnod gweithredu (31 Rhagfyr 2020 11.00 p.m.). Ar legislation.gov.uk, mae'r eitemau hyn o ddeddfwriaeth yn cael eu diweddaru'n gyson ag unrhyw ddiwygiadau a wnaed gan y DU ers hynny.

Close

Mae'r eitem hon o ddeddfwriaeth yn tarddu o'r UE

Mae legislation.gov.uk yn cyhoeddi fersiwn y DU. Mae EUR-Lex yn cyhoeddi fersiwn yr UE. Mae Archif Gwe Ymadael â’r UE yn rhoi cipolwg ar fersiwn EUR-Lex o ddiwrnod cwblhau’r cyfnod gweithredu (31 Rhagfyr 2020 11.00 p.m.).

Status:

EU_status_warning_original_version
This legislation may since have been updated - see the latest available (revised) version

  1. Introductory Text

  2. Article 1.The Annex to Regulation (EC) No 1126/2008 is amended as...

  3. Article 2.Each company shall apply the amendments referred to in Article...

  4. Article 3.This Regulation shall enter into force on the twentieth day...

  5. Signature

    1. ANNEX

      1. International Financial Reporting Standard 16 Leases

        1. International Financial Reporting Standard 16 Leases

          1. OBJECTIVE

            1. 1. This Standard sets out the principles for the recognition, measurement,...

            2. 2. An entity shall consider the terms and conditions of contracts...

          2. SCOPE

            1. 3. An entity shall apply this Standard to all leases, including...

            2. 4. A lessee may, but is not required to, apply this...

          3. RECOGNITION EXEMPTIONS (PARAGRAPHS B3–B8)

            1. 5. A lessee may elect not to apply the requirements in...

            2. 6. If a lessee elects not to apply the requirements in...

            3. 7. If a lessee accounts for short-term leases applying paragraph 6,...

            4. 8. The election for short-term leases shall be made by class...

          4. IDENTIFYING A LEASE (PARAGRAPHS B9–B33)

            1. 9. At inception of a contract, an entity shall assess whether...

            2. 10. A period of time may be described in terms of...

            3. 11. An entity shall reassess whether a contract is, or contains,...

            4. Separating components of a contract

              1. 12. For a contract that is, or contains, a lease, an...

              2. Lessee

                1. 13. For a contract that contains a lease component and one...

                2. 14. The relative stand-alone price of lease and non-lease components shall...

                3. 15. As a practical expedient, a lessee may elect, by class...

                4. 16. Unless the practical expedient in paragraph 15 is applied, a...

              3. Lessor

                1. 17. For a contract that contains a lease component and one...

          5. LEASE TERM (PARAGRAPHS B34–B41)

            1. 18. An entity shall determine the lease term as the non-cancellable...

            2. 19. In assessing whether a lessee is reasonably certain to exercise...

            3. 20. A lessee shall reassess whether it is reasonably certain to...

            4. 21. An entity shall revise the lease term if there is...

          6. LESSEE

            1. Recognition

              1. 22. At the commencement date, a lessee shall recognise a right-of-use...

            2. Measurement

              1. Initial measurement

                1. Initial measurement of the right-of-use asset

                  1. 23. At the commencement date, a lessee shall measure the right-of-use...

                  2. 24. The cost of the right-of-use asset shall comprise:

                  3. 25. A lessee shall recognise the costs described in paragraph 24(d)...

                2. Initial measurement of the lease liability

                  1. 26. At the commencement date, a lessee shall measure the lease...

                  2. 27. At the commencement date, the lease payments included in the...

                  3. 28. Variable lease payments that depend on an index or a...

              2. Subsequent measurement

                1. Subsequent measurement of the right-of-use asset

                  1. 29. After the commencement date, a lessee shall measure the right-of-use...

                  2. Cost model

                    1. 30. To apply a cost model, a lessee shall measure the...

                    2. 31. A lessee shall apply the depreciation requirements in IAS 16...

                    3. 32. If the lease transfers ownership of the underlying asset to...

                    4. 33. A lessee shall apply IAS 36 Impairment of Assets to...

                  3. Other measurement models

                    1. 34. If a lessee applies the fair value model in IAS...

                    2. 35. If right-of-use assets relate to a class of property, plant...

                2. Subsequent measurement of the lease liability

                  1. 36. After the commencement date, a lessee shall measure the lease...

                  2. 37. Interest on the lease liability in each period during the...

                  3. 38. After the commencement date, a lessee shall recognise in profit...

                  4. Reassessment of the lease liability

                    1. 39. After the commencement date, a lessee shall apply paragraphs 40–43...

                    2. 40. A lessee shall remeasure the lease liability by discounting the...

                    3. 41. In applying paragraph 40, a lessee shall determine the revised...

                    4. 42. A lessee shall remeasure the lease liability by discounting the...

                    5. 43. In applying paragraph 42, a lessee shall use an unchanged...

                3. Lease modifications

                  1. 44. A lessee shall account for a lease modification as a...

                  2. 45. For a lease modification that is not accounted for as...

                  3. 46. For a lease modification that is not accounted for as...

            3. Presentation

              1. 47. A lessee shall either present in the statement of financial...

              2. 48. The requirement in paragraph 47(a) does not apply to right-of-use...

              3. 49. In the statement of profit or loss and other comprehensive...

              4. 50. In the statement of cash flows, a lessee shall classify:...

            4. Disclosure

              1. 51. The objective of the disclosures is for lessees to disclose...

              2. 52. A lessee shall disclose information about its leases for which...

              3. 53. A lessee shall disclose the following amounts for the reporting...

              4. 54. A lessee shall provide the disclosures specified in paragraph 53...

              5. 55. A lessee shall disclose the amount of its lease commitments...

              6. 56. If right-of-use assets meet the definition of investment property, a...

              7. 57. If a lessee measures right-of-use assets at revalued amounts applying...

              8. 58. A lessee shall disclose a maturity analysis of lease liabilities...

              9. 59. In addition to the disclosures required in paragraphs 53–58, a...

              10. 60. A lessee that accounts for short-term leases or leases of...

          7. LESSOR

            1. Classification of leases (paragraphs B53–B58)

              1. 61. A lessor shall classify each of its leases as either...

              2. 62. A lease is classified as a finance lease if it...

              3. 63. Whether a lease is a finance lease or an operating...

              4. 64. Indicators of situations that individually or in combination could also...

              5. 65. The examples and indicators in paragraphs 63–64 are not always...

              6. 66. Lease classification is made at the inception date and is...

            2. Finance leases

              1. Recognition and measurement

                1. 67. At the commencement date, a lessor shall recognise assets held...

                2. Initial measurement

                  1. 68. The lessor shall use the interest rate implicit in the...

                  2. 69. Initial direct costs, other than those incurred by manufacturer or...

                  3. Initial measurement of the lease payments included in the net...

                    1. 70. At the commencement date, the lease payments included in the...

                  4. Manufacturer or dealer lessors

                    1. 71. At the commencement date, a manufacturer or dealer lessor shall...

                    2. 72. Manufacturers or dealers often offer to customers the choice of...

                    3. 73. Manufacturer or dealer lessors sometimes quote artificially low rates of...

                    4. 74. A manufacturer or dealer lessor shall recognise as an expense...

                3. Subsequent measurement

                  1. 75. A lessor shall recognise finance income over the lease term,...

                  2. 76. A lessor aims to allocate finance income over the lease...

                  3. 77. A lessor shall apply the derecognition and impairment requirements in...

                  4. 78. A lessor that classifies an asset under a finance lease...

                  5. Lease modifications

                    1. 79. A lessor shall account for a modification to a finance...

                    2. 80. For a modification to a finance lease that is not...

            3. Operating leases

              1. Recognition and measurement

                1. 81. A lessor shall recognise lease payments from operating leases as...

                2. 82. A lessor shall recognise costs, including depreciation, incurred in earning...

                3. 83. A lessor shall add initial direct costs incurred in obtaining...

                4. 84. The depreciation policy for depreciable underlying assets subject to operating...

                5. 85. A lessor shall apply IAS 36 to determine whether an...

                6. 86. A manufacturer or dealer lessor does not recognise any selling...

                7. Lease modifications

                  1. 87. A lessor shall account for a modification to an operating...

              2. Presentation

                1. 88. A lessor shall present underlying assets subject to operating leases...

            4. Disclosure

              1. 89. The objective of the disclosures is for lessors to disclose...

              2. 90. A lessor shall disclose the following amounts for the reporting...

              3. 91. A lessor shall provide the disclosures specified in paragraph 90...

              4. 92. A lessor shall disclose additional qualitative and quantitative information about...

              5. Finance leases

                1. 93. A lessor shall provide a qualitative and quantitative explanation of...

                2. 94. A lessor shall disclose a maturity analysis of the lease...

              6. Operating leases

                1. 95. For items of property, plant and equipment subject to an...

                2. 96. A lessor shall apply the disclosure requirements in IAS 36,...

                3. 97. A lessor shall disclose a maturity analysis of lease payments,...

          8. SALE AND LEASEBACK TRANSACTIONS

            1. 98. If an entity (the seller-lessee) transfers an asset to another...

            2. Assessing whether the transfer of the asset is a sale...

              1. 99. An entity shall apply the requirements for determining when a...

              2. Transfer of the asset is a sale

                1. 100. If the transfer of an asset by the seller-lessee satisfies...

                2. 101. If the fair value of the consideration for the sale...

                3. 102. The entity shall measure any potential adjustment required by paragraph...

              3. Transfer of the asset is not a sale

                1. 103. If the transfer of an asset by the seller-lessee does...

        2. Appendix A Defined terms This appendix is an integral part of the...

          1. Defined terms

          2. Terms defined in other Standards and used in this Standard...

        3. Appendix B Application guidance

          1. Portfolio application

            1. B1 This Standard specifies the accounting for an individual lease. However,...

          2. Combination of contracts

            1. B2 In applying this Standard, an entity shall combine two or...

          3. Recognition exemption: leases for which the underlying asset is of...

            1. B3 Except as specified in paragraph B7, this Standard permits a...

            2. B4 The assessment of whether an underlying asset is of low...

            3. B5 An underlying asset can be of low value only if:...

            4. B6 A lease of an underlying asset does not qualify as...

            5. B7 If a lessee subleases an asset, or expects to sublease...

            6. B8 Examples of low-value underlying assets can include tablet and personal...

          4. Identifying a lease (paragraphs 9–11)

            1. B9 To assess whether a contract conveys the right to control...

            2. B10 If the customer has the right to control the use...

            3. B11 A contract to receive goods or services may be entered...

            4. B12 An entity shall assess whether a contract contains a lease...

            5. Identified asset

              1. B13 An asset is typically identified by being explicitly specified in...

              2. Substantive substitution rights

                1. B14 Even if an asset is specified, a customer does not...

                2. B15 If the supplier has a right or an obligation to...

                3. B16 An entity's evaluation of whether a supplier's substitution right is...

                4. B17 If the asset is located at the customer's premises or...

                5. B18 The supplier's right or obligation to substitute the asset for...

                6. B19 If the customer cannot readily determine whether the supplier has...

              3. Portions of assets

                1. B20 A capacity portion of an asset is an identified asset...

            6. Right to obtain economic benefits from use

              1. B21 To control the use of an identified asset, a customer...

              2. B22 When assessing the right to obtain substantially all of the...

              3. B23 If a contract requires a customer to pay the supplier...

            7. Right to direct the use

              1. B24 A customer has the right to direct the use of...

              2. How and for what purpose the asset is used

                1. B25 A customer has the right to direct how and for...

                2. B26 Examples of decision-making rights that, depending on the circumstances, grant...

                3. B27 Examples of decision-making rights that do not grant the right...

                4. Decisions determined during and before the period of use

                  1. B28 The relevant decisions about how and for what purpose the...

                  2. B29 In assessing whether a customer has the right to direct...

                5. Protective rights

                  1. B30 A contract may include terms and conditions designed to protect...

                  2. B31 The following flowchart may assist entities in making the assessment...

          5. Separating components of a contract (paragraphs 12–17)

            1. B32 The right to use an underlying asset is a separate...

            2. B33 A contract may include an amount payable by the lessee...

          6. Lease term (paragraphs 18–21)

            1. B34 In determining the lease term and assessing the length of...

            2. B35 If only a lessee has the right to terminate a...

            3. B36 The lease term begins at the commencement date and includes...

            4. B37 At the commencement date, an entity assesses whether the lessee...

            5. B38 An option to extend or terminate a lease may be...

            6. B39 The shorter the non-cancellable period of a lease, the more...

            7. B40 A lessee's past practice regarding the period over which it...

            8. B41 Paragraph 20 specifies that, after the commencement date, a lessee...

          7. In-substance fixed lease payments (paragraphs 27(a), 36(c) and 70(a))

            1. B42 Lease payments include any in-substance fixed lease payments. In-substance fixed...

          8. Lessee involvement with the underlying asset before the commencement date...

            1. Costs of the lessee relating to the construction or design...

              1. B43 An entity may negotiate a lease before the underlying asset...

              2. B44 If a lessee incurs costs relating to the construction or...

            2. Legal title to the underlying asset

              1. B45 A lessee may obtain legal title to an underlying asset...

              2. B46 If the lessee controls (or obtains control of) the underlying...

              3. B47 However, if the lessee does not obtain control of the...

          9. Lessee disclosures (paragraph 59)

            1. B48 In determining whether additional information about leasing activities is necessary...

            2. B49 Additional information relating to variable lease payments that, depending on...

            3. B50 Additional information relating to extension options or termination options that,...

            4. B51 Additional information relating to residual value guarantees that, depending on...

            5. B52 Additional information relating to sale and leaseback transactions that, depending...

          10. Lessor lease classification (paragraphs 61–66)

            1. B53 The classification of leases for lessors in this Standard is...

            2. B54 A lease contract may include terms and conditions to adjust...

            3. B55 When a lease includes both land and buildings elements, a...

            4. B56 Whenever necessary in order to classify and account for a...

            5. B57 For a lease of land and buildings in which the...

            6. Sublease classification

              1. B58 In classifying a sublease, an intermediate lessor shall classify the...

        4. Appendix C Effective date and transition

          1. EFFECTIVE DATE

            1. C1 An entity shall apply this Standard for annual reporting periods...

          2. TRANSITION

            1. C2 For the purposes of the requirements in paragraphs C1–C19, the...

            2. Definition of a lease

              1. C3 As a practical expedient, an entity is not required to...

              2. C4 If an entity chooses the practical expedient in paragraph C3,...

            3. Lessees

              1. C5 A lessee shall apply this Standard to its leases either:...

              2. C6 A lessee shall apply the election described in paragraph C5...

              3. C7 If a lessee elects to apply this Standard in accordance...

              4. Leases previously classified as operating leases

                1. C8 If a lessee elects to apply this Standard in accordance...

                2. C9 Notwithstanding the requirements in paragraph C8, for leases previously classified...

                3. C10 A lessee may use one or more of the following...

              5. Leases previously classified as finance leases

                1. C11 If a lessee elects to apply this Standard in accordance...

              6. Disclosure

                1. C12 If a lessee elects to apply this Standard in accordance...

                2. C13 If a lessee uses one or more of the specified...

            4. Lessors

              1. C14 Except as described in paragraph C15, a lessor is not...

              2. C15 An intermediate lessor shall:

            5. Sale and leaseback transactions before the date of initial application...

              1. C16 An entity shall not reassess sale and leaseback transactions entered...

              2. C17 If a sale and leaseback transaction was accounted for as...

              3. C18 If a sale and leaseback transaction was accounted for as...

            6. Amounts previously recognised in respect of business combinations

              1. C19 If a lessee previously recognised an asset or a liability...

            7. References to IFRS 9

              1. C20 If an entity applies this Standard but does not yet...

          3. WITHDRAWAL OF OTHER STANDARDS

            1. C21 This Standard supersedes the following Standards and Interpretations:

        5. Appendix D Amendments to other Standards

          1. IFRS 1 First-time Adoption of International Financial Reporting Standards

            1. Use of fair value as deemed cost

              1. 30. If an entity uses fair value in its opening IFRS...

            2. EFFECTIVE DATE

              1. 39AB IFRS 16 Leases, issued in January 2016, amended paragraphs 30,...

            3. Exemptions for business combinations

              1. C4 If a first-time adopter does not apply IFRS 3 retrospectively...

            4. Exemptions from other IFRSs

              1. D1 An entity may elect to use one or more of...

              2. Deemed cost

                1. D7 The elections in paragraphs D5 and D6 are also available...

                2. D8B Some entities hold items of property, plant and equipment, right-of-use...

            5. Leases

              1. D9 A first-time adopter may assess whether a contract existing at...

              2. D9A [Deleted]

              3. D9B When a first-time adopter that is a lessee recognises lease...

              4. D9C Notwithstanding the requirements in paragraph D9B, a first-time adopter that...

              5. D9D A first-time adopter that is a lessee may do one...

              6. D9E Lease payments, lessee, lessee's incremental borrowing rate, commencement date of...

          2. IFRS 3 Business Combinations

            1. Recognition conditions

              1. 14. Paragraphs B31–B40 provide guidance on recognising intangible assets. Paragraphs 22–28B...

            2. Classifying or designating identifiable assets acquired and liabilities assumed in...

              1. 17. This IFRS provides two exceptions to the principle in paragraph...

              2. Leases in which the acquiree is the lessee

                1. 28A The acquirer shall recognise right-of-use assets and lease liabilities for...

                2. 28B The acquirer shall measure the lease liability at the present...

            3. Effective date

              1. 64M IFRS 16, issued in January 2016, amended paragraphs 14, 17,...

            4. B28 [Deleted]

            5. B29 [Deleted]

            6. B30 [Deleted]

            7. Intangible assets

              1. B32 An intangible asset that meets the contractual-legal criterion is identifiable...

            8. Assets subject to operating leases in which the acquiree is...

              1. B42 In measuring the acquisition-date fair value of an asset such...

          3. IFRS 4 Insurance Contracts

            1. SCOPE

              1. 4. An entity shall not apply this IFRS to:

            2. EFFECTIVE DATE AND TRANSITION

              1. 41I IFRS 16, issued in January 2016, amended paragraph 4. An...

          4. IFRS 7 Financial Instruments: Disclosures

            1. Fair value

              1. 29. Disclosures of fair value are not required:

            2. EFFECTIVE DATE AND TRANSITION

              1. 44CC IFRS 16 Leases, issued in January 2016, amended paragraphs 29...

            3. Quantitative liquidity risk disclosures (paragraphs 34(a) and 39(a) and (b))...

              1. B11D The contractual amounts disclosed in the maturity analyses as required...

          5. IFRS 9 Financial Instruments

            1. Chapter 2 Scope 2.1. This Standard shall be applied by all entities to...

              1. 2.1. This Standard shall be applied by all entities to all...

            2. Simplified approach for trade receivables, contract assets and lease receivables...

              1. 5.5.15. Despite paragraphs 5.5.3 and 5.5.5, an entity shall always measure...

            3. 7.1 EFFECTIVE DATE

              1. 7.1.5. IFRS 16, issued in January 2016, amended paragraphs 2.1, 5.5.15,...

            4. Embedded derivatives (Section 4.3)

              1. B4.3.8 The economic characteristics and risks of an embedded derivative are...

            5. Expected credit losses

              1. B5.5.34 When measuring a loss allowance for a lease receivable, the...

            6. Time value of money

              1. B5.5.46 Expected credit losses on lease receivables shall be discounted using...

          6. IFRS 13 Fair Value Measurement

            1. SCOPE

              1. 6. The measurement and disclosure requirements of this IFRS do not...

            2. Effective date and transition

              1. C6 IFRS 16 Leases, issued in January 2016, amended paragraph 6....

          7. IFRS 15 Revenue from Contracts with Customers

            1. SCOPE

              1. 5. An entity shall apply this Standard to all contracts with...

              2. Costs to fulfil a contract

                1. 97. Costs that relate directly to a contract (or a specific...

            2. A forward or a call option

              1. B66 If an entity has an obligation or a right to...

            3. A put option

              1. B70 If an entity has an obligation to repurchase the asset...

            4. EFFECTIVE DATE

              1. C1A IFRS 16 Leases, issued in January 2016, amended paragraphs 5,...

          8. IAS 1 Presentation of Financial Statements

            1. Disclosure of accounting policies

              1. 123. In the process of applying the entity's accounting policies, management...

            2. TRANSITION AND EFFECTIVE DATE

              1. 139Q IFRS 16 Leases, issued in January 2016, amended paragraph 123....

          9. IAS 2 Inventories

            1. Costs of conversion

              1. 12. The costs of conversion of inventories include costs directly related...

            2. EFFECTIVE DATE

              1. 40G IFRS 16 Leases, issued in January 2016, amended paragraph 12....

          10. IAS 7 Statement of Cash Flows

            1. Financing activities

              1. 17. The separate disclosure of cash flows arising from financing activities...

            2. NON-CASH TRANSACTIONS

              1. 44. Many investing and financing activities do not have a direct...

            3. EFFECTIVE DATE

              1. 59. IFRS 16 Leases, issued in January 2016, amended paragraphs 17...

          11. IAS 12 Income Taxes

            1. Assets carried at fair value

              1. 20. IFRSs permit or require certain assets to be carried at...

            2. Assets carried at fair value

              1. 20. IFRSs permit or require certain assets to be carried at...

            3. EFFECTIVE DATE

              1. 98G IFRS 16, issued in January 2016, amended paragraph 20. An...

          12. IAS 16 Property, Plant and Equipment

            1. SCOPE

              1. 4. [Deleted]

              2. 5. An entity using the cost model for investment property in...

            2. RECOGNITION

              1. 10. An entity evaluates under this recognition principle all its property,...

              2. Measurement of cost

                1. 27. [Deleted]

              3. Depreciation

                1. 44. An entity allocates the amount initially recognised in respect of...

            3. DERECOGNITION

              1. 68. The gain or loss arising from the derecognition of an...

              2. 69. The disposal of an item of property, plant and equipment...

            4. EFFECTIVE DATE

              1. 81L IFRS 16, issued in January 2016, deleted paragraphs 4 and...

          13. IAS 21 The Effects of Changes in Foreign Exchange Rates...

            1. Monetary items

              1. 16. The essential feature of a monetary item is a right...

            2. EFFECTIVE DATE AND TRANSITION

              1. 60K IFRS 16 Leases, issued in January 2016, amended paragraph 16....

          14. IAS 23 Borrowing Costs

            1. DEFINITIONS

              1. 6. Borrowing costs may include:

            2. EFFECTIVE DATE

              1. 29C IFRS 16, issued in January 2016, amended paragraph 6. An...

          15. IAS 32 Financial Instruments: Presentation

            1. EFFECTIVE DATE AND TRANSITION

              1. 97S IFRS 16 Leases, issued in January 2016, amended paragraphs AG9...

            2. Financial assets and financial liabilities

              1. AG9 A lease typically creates an entitlement of the lessor to...

              2. AG10 Physical assets (such as inventories, property, plant and equipment), right-of-use...

          16. IAS 37 Provisions, Contingent Liabilities and Contingent Assets

            1. SCOPE

              1. 5. When another Standard deals with a specific type of provision,...

            2. EFFECTIVE DATE

              1. 102. IFRS 16, issued in January 2016, amended paragraph 5. An...

          17. IAS 38 Intangible Assets

            1. SCOPE

              1. 3. If another Standard prescribes the accounting for a specific type...

              2. 6. Rights held by a lessee under licensing agreements for items...

            2. RETIREMENTS AND DISPOSALS

              1. 113. The gain or loss arising from the derecognition of an...

              2. 114. The disposal of an intangible asset may occur in a...

            3. TRANSITIONAL PROVISIONS AND EFFECTIVE DATE

              1. 130L IFRS 16, issued in January 2016, amended paragraphs 3, 6,...

          18. IAS 39 Financial Instruments: Recognition and Measurement

            1. SCOPE

              1. 2. This Standard shall be applied by all entities to all...

            2. EFFECTIVE DATE AND TRANSITION

              1. 103V IFRS 16, issued in January 2016, amended paragraphs 2 and...

            3. EMBEDDED DERIVATIVES (PARAGRAPHS 10–13)

              1. AG33 The economic characteristics and risks of an embedded derivative are...

          19. IAS 40 Investment Property

          20. IAS 41 Agriculture

            1. SCOPE

              1. 2. This Standard does not apply to:

            2. EFFECTIVE DATE AND TRANSITION

              1. 64. IFRS 16, issued in January 2016, amended paragraph 2. An...

          21. IFRIC 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities...

            1. REFERENCES

            2. SCOPE

              1. 2. This Interpretation applies to changes in the measurement of any...

            3. EFFECTIVE DATE

              1. 9B IFRS 16, issued in January 2016, amended paragraph 2. An...

          22. IFRIC 12 Service Concession Arrangements

            1. REFERENCES

            2. EFFECTIVE DATE

              1. 28F IFRS 16, issued in January 2016, amended paragraph AG8 and...

            3. Appendix A

              1. SCOPE (PARAGRAPH 5)

                1. AG8 The operator may have a right to use the separable...

          23. SIC-29 Service Concession Arrangements: Disclosures

            1. REFERENCES

            2. ISSUE

              1. 5. Certain aspects and disclosures relating to some service concession arrangements...

            3. EFFECTIVE DATE

          24. SIC-32 Intangible Assets—Web Site Costs

            1. REFERENCES

            2. ISSUE

              1. 6. IAS 38 does not apply to intangible assets held by...

            3. EFFECTIVE DATE

          25. IAS 40 Investment Property

            1. International Accounting Standard 40 Investment Property

              1. OBJECTIVE

                1. 1. The objective of this Standard is to prescribe the accounting...

              2. SCOPE

                1. 2. This Standard shall be applied in the recognition, measurement and...

                2. 3. [Deleted]

                3. 4. This Standard does not apply to:

              3. DEFINITIONS

                1. 5. The following terms are used in this Standard with the...

              4. CLASSIFICATION OF PROPERTY AS INVESTMENT PROPERTY OR OWNER-OCCUPIED PROPERTY

                1. 6. [Deleted]

                2. 7. Investment property is held to earn rentals or for capital...

                3. 8. The following are examples of investment property:

                4. 9. The following are examples of items that are not investment...

                5. 10. Some properties comprise a portion that is held to earn...

                6. 11. In some cases, an entity provides ancillary services to the...

                7. 12. In other cases, the services provided are significant. For example,...

                8. 13. It may be difficult to determine whether ancillary services are...

                9. 14. Judgement is needed to determine whether a property qualifies as...

                10. 14A Judgement is also needed to determine whether the acquisition of...

                11. 15. In some cases, an entity owns property that is leased...

              5. RECOGNITION

                1. 16. An owned investment property shall be recognised as an asset...

                2. 17. An entity evaluates under this recognition principle all its investment...

                3. 18. Under the recognition principle in paragraph 16, an entity does...

                4. 19. Parts of investment properties may have been acquired through replacement....

                5. 19A An investment property held by a lessee as a right-of-use...

              6. MEASUREMENT AT RECOGNITION

                1. 20. An owned investment property shall be measured initially at its...

                2. 21. The cost of a purchased investment property comprises its purchase...

                3. 22. [Deleted]

                4. 23. The cost of an investment property is not increased by:...

                5. 24. If payment for an investment property is deferred, its cost...

                6. 25. [Deleted]

                7. 26. [Deleted]

                8. 27. One or more investment properties may be acquired in exchange...

                9. 28. An entity determines whether an exchange transaction has commercial substance...

                10. 29. The fair value of an asset is reliably measurable if...

                11. 29A An investment property held by a lessee as a right-of-use...

              7. MEASUREMENT AFTER RECOGNITION

                1. Accounting policy

                  1. 30. With the exceptions noted in paragraphs 32A, an entity shall...

                  2. 31. IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors...

                  3. 32. This Standard requires all entities to measure the fair value...

                  4. 32A An entity may:

                  5. 32B Some insurers and other entities operate an internal property fund...

                  6. 32C If an entity chooses different models for the two categories...

                2. Fair value model

                  1. 33. After initial recognition, an entity that chooses the fair value...

                  2. 34. [Deleted]

                  3. 35. A gain or loss arising from a change in the...

                  4. 36–39. [Deleted]

                  5. 40. When measuring the fair value of investment property in accordance...

                  6. 40A When a lessee uses the fair value model to measure...

                  7. 41. IFRS 16 specifies the basis for initial recognition of the...

                  8. 42–47. [Deleted]

                  9. 48. In exceptional cases, there is clear evidence when an entity...

                  10. 49. [Deleted]

                  11. 50. In determining the carrying amount of investment property under the...

                  12. 51. [Deleted]

                  13. 52. In some cases, an entity expects that the present value...

                3. Inability to measure fair value reliably

                  1. 53. There is a rebuttable presumption that an entity can reliably...

                  2. 53A Once an entity becomes able to measure reliably the fair...

                  3. 53B The presumption that the fair value of investment property under...

                  4. 54. In the exceptional cases when an entity is compelled, for...

                  5. 55. If an entity has previously measured an investment property at...

                4. Cost model

                  1. 56. After initial recognition, an entity that chooses the cost model...

              8. TRANSFERS

                1. 57. Transfers to, or from, investment property shall be made when,...

                2. 58. Paragraph 57(b) requires an entity to transfer a property from...

                3. 59. Paragraphs 60–65 apply to recognition and measurement issues that arise...

                4. 60. For a transfer from investment property carried at fair value...

                5. 61. If an owner-occupied property becomes an investment property that will...

                6. 62. Up to the date when an owner-occupied property becomes an...

                7. 63. For a transfer from inventories to investment property that will...

                8. 64. The treatment of transfers from inventories to investment property that...

                9. 65. When an entity completes the construction or development of a...

              9. DISPOSALS

                1. 66. An investment property shall be derecognised (eliminated from the statement...

                2. 67. The disposal of an investment property may be achieved by...

                3. 68. If, in accordance with the recognition principle in paragraph 16,...

                4. 69. Gains or losses arising from the retirement or disposal of...

                5. 70. The amount of consideration to be included in the gain...

                6. 71. An entity applies IAS 37 or other Standards, as appropriate,...

                7. 72. Compensation from third parties for investment property that was impaired,...

                8. 73. Impairments or losses of investment property, related claims for or...

              10. DISCLOSURE

                1. Fair value model and cost model

                  1. 74. The disclosures below apply in addition to those in IFRS...

                  2. 75. An entity shall disclose:

                2. Fair value model

                  1. 76. In addition to the disclosures required by paragraph 75, an...

                  2. 77. When a valuation obtained for investment property is adjusted significantly...

                  3. 78. In the exceptional cases referred to in paragraph 53, when...

                3. Cost model

                  1. 79. In addition to the disclosures required by paragraph 75, an...

              11. TRANSITIONAL PROVISIONS

                1. Fair value model

                  1. 80. An entity that has previously applied IAS 40 (2000) and...

                  2. 81. This Standard requires a treatment different from that required by...

                  3. 82. When an entity first applies this Standard, the adjustment to...

                2. Cost model

                  1. 83. IAS 8 applies to any change in accounting policies that...

                  2. 84. The requirements of paragraphs 27–29 regarding the initial measurement of...

                3. Business Combinations

                  1. 84A Annual Improvements Cycle 2011–2013 issued in December 2013 added paragraph...

                4. IFRS 16

                  1. 84B An entity applying IFRS 16, and its related amendments to...

              12. EFFECTIVE DATE

                1. 85. An entity shall apply this Standard for annual periods beginning...

                2. 85A IAS 1 Presentation of Financial Statements (as revised in 2007)...

                3. 85B Paragraphs 8, 9, 48, 53, 54 and 57 were amended,...

                4. 85C IFRS 13, issued in May 2011, amended the definition of...

                5. 85D Annual Improvements Cycle 2011–2013 issued in December 2013 added headings...

                6. 85E IFRS 15 Revenue from Contracts with Customers, issued in May...

                7. 85F IFRS 16, issued in January 2016, amended the scope of...

              13. WITHDRAWAL OF IAS 40 (2000)

                1. 86. This Standard supersedes IAS 40 Investment Property (issued in 2000)....

Yn ôl i’r brig

Options/Cymorth

Print Options

You have chosen to open the Whole Regulation

The Whole Regulation you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

Y Rhestrau you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

Close

Mae deddfwriaeth ar gael mewn fersiynau gwahanol:

Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.

Gwreiddiol (Fel y’i mabwysiadwyd gan yr UE): Mae'r wreiddiol version of the legislation as it stood when it was first adopted in the EU. No changes have been applied to the text.

Close

Dewisiadau Agor

Dewisiadau gwahanol i agor deddfwriaeth er mwyn gweld rhagor o gynnwys ar y sgrin ar yr un pryd

Close

Rhagor o Adnoddau

Gallwch wneud defnydd o ddogfennau atodol hanfodol a gwybodaeth ar gyfer yr eitem ddeddfwriaeth o’r tab hwn. Yn ddibynnol ar yr eitem ddeddfwriaeth sydd i’w gweld, gallai hyn gynnwys:

  • y PDF print gwreiddiol y fel adopted version that was used for the EU Official Journal
  • rhestr o newidiadau a wnaed gan a/neu yn effeithio ar yr eitem hon o ddeddfwriaeth
  • pob fformat o’r holl ddogfennau cysylltiedig
  • slipiau cywiro
  • dolenni i ddeddfwriaeth gysylltiedig ac adnoddau gwybodaeth eraill
Close

Rhagor o Adnoddau

Defnyddiwch y ddewislen hon i agor dogfennau hanfodol sy’n cyd-fynd â’r ddeddfwriaeth a gwybodaeth am yr eitem hon o ddeddfwriaeth. Gan ddibynnu ar yr eitem o ddeddfwriaeth sy’n cael ei gweld gall hyn gynnwys:

  • y PDF print gwreiddiol y fel adopted fersiwn a ddefnyddiwyd am y copi print
  • slipiau cywiro

liciwch ‘Gweld Mwy’ neu ddewis ‘Rhagor o Adnoddau’ am wybodaeth ychwanegol gan gynnwys

  • rhestr o newidiadau a wnaed gan a/neu yn effeithio ar yr eitem hon o ddeddfwriaeth
  • manylion rhoi grym a newid cyffredinol
  • pob fformat o’r holl ddogfennau cysylltiedig
  • dolenni i ddeddfwriaeth gysylltiedig ac adnoddau gwybodaeth eraill

Mae'r data ar y dudalen hon ar gael yn y fformatau data amgen a restrir: