Issuance of Annual Improvements to SB-FRSs (2018-2020), Amendments to SB-FRS 16, Amendments to SB-FRS 37, Amendments to SB-FRS 103, Amendments to SB-FRS 1, and Amendments to SB-FRS 1 (Deferral of Effective Date)

Issuance of Annual Improvements to SB-FRSs (2018-2020), Amendments to SB-FRS 16, Amendments to SB-FRS 37, Amendments to SB-FRS 103, Amendments to SB-FRS 1, and Amendments to SB-FRS 1 (Deferral of Effective Date)

13 Nov 2020

The Annual Improvements to SB-FRSs (2018-2020), Amendments to SB-FRS 16 Property, Plant and Equipment - Proceeds Before Intended Use, Amendments to SB-FRS 37: Onerous Contracts - Costs of Fulfilling a Contract, and Amendments to SB-FRS 103: Reference to the Conceptual Framework, effective for annual periods beginning on or after 1 January 2022 have been issued. Earlier application is permitted. 

The  Amendments to SB-FRS 1 Classification of Liabilities as Current or Non-current and Amendments to SB-FRS 1 Classification of Liabilities as Current or Non-current - Deferral of Effective Date, which defers the effective date of Classification of Liabilities as Current or Non-current to annual reporting periods beginning on or after 1 January 2023, have been issued. Earlier application is permitted.