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Accounting Standards for Statutory Boards

SB-FRS (effective for annual reporting periods beginning after 1 Jan 2025)

Access the full collection of SB-FRS effective for annual reporting periods beginning after 1 January 2025, including new and revised standards issued by the Accountant-General up to 31 December 2025.

Last updated 14 August 2026

STATUTORY BOARD FINANCIAL REPORTING STANDARDS EFFECTIVE FOR ANNUAL REPORTING PERIODS BEGINNING AFTER 1 JANUARY 2025 (ISSUED UP TO 31 DECEMBER 2025)

The following are the new/revised/amendments to SB-FRSs issued by the Accountant-General (up to 31 December 2025) which are effective for annual reporting period beginning after 1 January 2025.

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SB-FRS (effective for annual reporting periods beginning after 1 January 2025, issued up to December 2025)

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 2024

SB-FRS 118

Presentation and Disclosure in Financial Statements (opens in new tab) Illustrative Examples (opens in new tab)

1.1.2027

9.12.2024

SB-FRS 119

Subsidiaries without Public Accountability: Disclosures

-2

9.12.2024

Issued in 2025

SB-FRS 109, SB-FRS 107

Amendments to SB-FRS 109 and SB-FRS 107: Amendments to the Classification and Measurement of Financial Instruments (opens in new tab)

1.1.2026

16.4.2025

SB-FRS 109, SB-FRS 107

Amendments to SB-FRS 109 and SB-FRS 107: Contracts Referencing Nature-dependent Electricity (opens in new tab)

1.1.2026

16.4.2025

Various

Annual Improvements to SB-FRSs - Volume 11 (opens in new tab)

1.1.2026

16.4.2025

SB-FRS 119

Subsidiaries and Small Entities without Public Accountability: Disclosures (opens in new tab)

1.1.20272

2.12.2025

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 Accountant-General issued the amended SB-FRS 119 Subsidiaries and Small Entities without Public Accountability: Disclosures in December 2025 to make it available as an option to eligible small entities.

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