SB FRS (effective after 1 January 2023, issued up to December 2023)
STATUTORY BOARD FINANCIAL REPORTING STANDARDS EFFECTIVE AFTER 1 JANUARY 2023 (ISSUED UP TO 31 DECEMBER 2023)
The following are the new/revised/amendments to SB-FRSs and INT SB-FRSs issued by the Accountant-General (up to 31 December 2023) which are affective after 1 January 2023.
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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 |
| 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 |
| Issued in 2020 | |||
| SB-FRS 1 | Amendments to SB-FRS 1 | 1.1.20242 | 13.11.2020 |
| SB-FRS 1 | Amendments to SB-FRS 1 (Deferral of Effective Date) | - | 13.11.2020 |
| Issued in 2023 | |||
| SB-FRS 116 | Amendments to SB-FRS 116: Lease Liability in a Sale and Leaseback | 1.1.2024 | 17.07.2023 |
| Various | Amendments to SB-FRS 1: Non-current Liabilities with Covenants | 1.1.2024 | 17.07.2023 |
| SB-FRS 7, SB-FRS 107 | Amendments to SB-FRS 7 and SB-FRS 107: Supplier Finance Arrangements | 1.1.2024 | 17.07.2023 |
| SB-FRS 21, SB-FRS 101 | Amendments to SB-FRS 21: Lack of Exchangeability | 1.1.2025 | 6.12.2023 |
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 Amendment had been revised from 1 Jan 2022 to 1 Jan 2023 in Nov 2020 via Amendment to FRS 1: Classification of Liabilities as Current or Non-current (Deferral of Effective Date) and further revised to 1 Jan 2024 in Jul 2023 via Amendments to SB-FRS 1: Non-current Liabilities with Covenants.
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