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Accounting Standards for Statutory Boards

SB-FRS (effective for annual reporting periods beginning after 1 Jan 2018)

Access the full collection of SB-FRS effective for annual reporting periods beginning after 1 January 2018, including new and revised standards issued by the Accountant-General up to 31 December 2018.

Last updated 14 August 2026

STATUTORY BOARD FINANCIAL REPORTING STANDARDS EFFECTIVE FOR ANNUAL REPORTING PERIODS BEGINNING AFTER 1 JANUARY 2018 (ISSUED UP TO 31 DECEMBER 2018)

The following are the new/revised/amendments to SB-FRSs issued by the Accountant-General (up to 31 December 2018) which are effective for annual reporting period beginning after 1 January 2018.

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SB-FRS (effective for annual reporting periods beginning after 1 January 2018, issued up to December 2018)

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 (opens in new tab)

To be determined1

18.03.2015

Issued in 2016

SB-FRS 110,
SB-FRS 28

Amendments to Effective Date of Amendments to SB-FRS 110 and SB-FRS 28 (opens in new tab)

To be determined

10.03.2016

Issued in 2017

SB-FRS 116

Leases (opens in new tab)
Illustrative Examples and Amendments to Guidance on Other Standards (opens in new tab)

1.1.2019

1.2.2017

Issued in 2018

SB-FRS 1002

Impairment of Non-Cash-Generating Assets (opens in new tab)
Implementation Guidance (opens in new tab)

1.1.2019

27.03.2018

SB-FRS 109

Amendments to SB-FRS 109: Prepayment Features with Negative Compensation (opens in new tab)

1.1.2019

27.03.2018

SB-FRS 28

Amendments to SB-FRS 28: Long-term Interests in Associates and Joint Ventures (opens in new tab)

1.1.2019

27.03.2018

SB-FRS 19

Amendments to SB-FRS 19: Plan Amendment, Curtailment or Settlement (opens in new tab)

1.1.2019

31.07.2018

Various

Improvements to SB-FRSs (March 2018) (opens in new tab)

1.1.2019

03.08.2018

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.

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