International Financial Reporting Standard Checklist

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International Financial Reporting StandardsWorkbook 2011

Terms of Use

By using this Excel workbook, you are agreeing to the following terms. If you do not agree to the following terms, then you are not allowed to use

this workbook and should immediately terminate such usage.

This workbook summarises the recognition, measurement, presentation and disclosure requirements set out in International Financial ReportingStandards (IFRSs) in issue as of 30 June 2011. IFRSs include Standards as issued by the International Accounting Standards Board (IASB) and the

former International Accounting Standards Committee and Interpretations as issued by the IFRS Interpretations Committee and the former

Standing Interpretations Committee. Although this workbook may be used to assist generally in considering compliance with the requirements of

the IFRSs, it is not a substitute for your understanding of such pronouncements and the exercise of your judgement.

You are presumed to have a thorough understanding of the IFRSs and should refer to their text, as necessary, in considering particular items in this

workbook. The items in this workbook are referenced to the applicable sections of the actual IFRSs.

This workbook is provided to you solely for your individual, non-commercial use, and should not be provided to any other person or entity.

This workbook is not a substitute for professional advice or services, nor should it be used as the basis for any decision or action that may affect

your business.

Please note that, while every effort has been made to ensure that this workbook is complete in terms of the IFRS recognition, measurement,

presentation and disclosure requirements, users will inevitably be required to exercise professional judgement based on specific circumstances

(e.g., the determination as to whether financial statements achieve a fair presentation of the financial position, financial performance and cash

flows of an entity). This workbook is merely an enabling tool that does not address such judgemental issues. Users of this workbook are advised to

consult IFRS specialists in that regard.

The detailed recognition, measurement, presentation and disclosure points generally require a "Yes", "No" or "N/A" response. Depending on the

response, you may need to take further action. A "Yes" response does not necessarily result in compliance with IFRSs.

IFRSs are constantly changing. It is your responsibility to maintain current knowledge of IFRSs which may impact the content of this workbook.

Disclaimer of Liability


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None of (1) the member firm that provides this workbook to clients, (2) Deloitte Touche Tohmatsu Limited, or (3) any other

member firm of Deloitte Touche Tohmatsu Limited or any of their respective subsidiaries, affiliates and related entities, is by means

of this workbook rendering accounting or other professional advice or services, and none of the foregoing shall be responsible inany way whatsoever for any loss sustained by any person or entity that relies on this workbook.

IMPORTANT INSTRUCTIONS FOR USING THIS WORKBOOK

Warning

While every effort has been made to ensure that this checklist is complete in terms of the requirements of International Financial

Reporting Standards (IFRSs), users will inevitably be required to exercise professional judgement based on specific circumstances

(e.g. the determination as to whether financial statements achieve a fair presentation of the financial position, financial performanceand cash flows of an entity). This checklist is an enabling tool that does not address such judgemental issues. Consult with a qualified

advisor where issues are identified.

Important Excel Macro Programming Warnings

Please do not add or delete any rows or columns in the worksheets. Changing or deleting the response to a Tailoring Question (TQ) or sub TQ will

result in losing the answers already entered in the detailed compliance questions associated with the TQ or sub TQ.

File Structure

The workbook includes several types of worksheets :

- READ ME FIRST

The "READ ME FIRST" worksheet contains terms of use and important instructions for using this workbook.

- Summary

The "Summary" worksheet contains questions that may be used to summarise the results of this checklist as to whether the recognition,

measurement, presentation and disclosure requirements of IFRS have been met.

- Index

The "Index" worksheet provides an overview of all IFRS in this checklist. In this index, the user should indicate which IFRSs are applicable to the

entity. Please note that the default answer has been set to yes and should be changed if the IFRS is not applicable. For all applicable IFRSs, the

"Index" worksheet contains links to the Accounting compliance questionnaires and Presentation and disclosure checklists by standard. If the

Accounting compliance questionnaires and Presentation and disclosure checklists by standard only contain 1 tailoring question, the default answer

in the Accounting compliance questionnaire and Presentation and disclosure checklist will be automatically answered with "yes".

- AccountingTQSummary and PresentationTQSummary


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The "AccountingTQSummary" and "PresentationTQSummary" provide an overview of the answers to the main tailoring questions per IFRSs.

-Accounting compliance questionnaires (IAS/IFRS [standard number]A) and Presentation and disclosure checklists (IAS/IFRS [standard

number]P) by standard

The "Accounting compliance questionnaires" and the "Presentation and disclosure checklists" by standard contain tailoring and detailed questions

that will assist in determining whether the recognition, measurement, presentation and disclosure requirements of applicable IFRSs have been met.

- Consequential Amendments

Certain Standards, Amendments and Interpretations may amend other standards (consequential amendments). Consequential amendments are

generally included in the applicable worksheet for the affected standard except for those consequential amendments associated with the early

adoption of IFRS 13 Fair Value Measurement. Consequential amendments associated with the early adoption of IFRS 13 are included in a separateworksheet (IFRS13 - Consq Amnd).

Colour Coding

All worksheets in this workbook follow a standard colour coding.

Certain Standards, Amendments and Interpretations are not effective for periods beginning on 1 January 2011. These are indicated in the checklist

by red colour coding. Earlier application of these requirements is generally permitted (see Standards/Amendments/Interpretations for specific

requirements). When such Standards, Amendments and Interpretations are applied for periods beginning before their effective dates, that fact is

generally required to be disclosed (see specific Standards/Amendments/Interpretations for details).

Dark blue : Main Tailoring Questions

Light violet : Sub-Tailoring questions

Light green : Guidance

Violet : Answer cell

Overall Questionnaire Structure

Every questionnaire includes five columns

- TQ : internal reference for a main tailoring question.

- Reference : where the reference to the related paragraph in the Standard, Amendment and Interpretation is indicated.

- Recognition/measurement requirement(Accounting questionnaire) or Presentation/disclosure requirement(Presentation and disclosure

checklist): Questions (tailoring, sub-tailoring and detailed compliance questions) and Guidance.


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- Yes/No/N/A : Answers. Exclusively Yes, No or N/A. In some cases, an option to select guidance is available.

- Comments : To be filled where a discrepancy with the Standard, Amendment or Interpretation is noted.

Process

Applicability

Starting from the Index page, the preparer selects by standard the applicability of the standard to the engagement by selecting "Yes" or "No" from

the dropdown box.

In case of a positive answer (by selecting "Yes" to the standard that is applicable), the questionnaire (Accounting and Presentation) relating to the

selected standard will appear in the workbook. The user will automatically be transferred, by clicking on the link, to the selected questionnaire.

Guidance

The user can decide whether he/she wants to show or hide the guidance in the questionnaire by selecting one of the options on the top of the

questionnaire. Guidance on individual questions will not automatically disappear if you answer "yes" or "no" to the question. The guidance on

individual questions can be hidden by selecting the "Hide" option at the top of the sheet.

Compliance

The questionnaire is to be filled in the suggested order, that corresponds to the logical flow of the standard.

An answer to a tailoring question may lead to sub-tailoring question(s) or to some detailed compliance questions.

By clicking on the answer cell, the user will be proposed a selection of options (Yes/No/N/A) and sometimes guidance. By selecting the guidance,

some additional content will be disclosed just below the question. The preparer then needs to go back to the initial question to answer Yes, No or

N/A.

The response in an answer cell can be deleted.

If the response to a tailoring question or sub-tailoring question is cleared, all the associated compliance questions will not be displayed on the

screen. The answer cell of the associated questions will be cleared automatically.

A negative answer to a detailed compliance question indicates, in the majority of the cases, non-compliance with the standard. A comment will

have to be inserted in the following column.

AccountingTQSummary and PresentationTQSummary

The answers (or the lack of an answer) to the main tailoring questions are automatically copied into the AccountingTQSummary /or

PresentationTQSummary worksheet (Hyperlink at the right top of the worksheet). The AccountingTQSummary and PresentationTQSummary

worksheets give an overview of the answers to the main tailoring questions. It does not provide an overview of non-compliance.

Deleted content of cell(s)


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In case the user works with an unprotected version and content is lost, the problem can be corrected as follows: (1) Unhide the rows with the

missing text. (2) Copy the missing text from a known good file and paste them in the worksheet where the content loss occurred and save the file.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network

of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed

description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Deloitte is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world

collaborate to provide audit, consulting, financial advisory, risk management, and tax services to selected clients. These firms are

members of Deloitte Touche Tohmatsu Limited (DTTL), a UK private company limited by guarantee. Each member firm provides

services in a particular geographic area and is subject to the laws and professional regulations of the particular country orcountries in which it operates. DTTL does not itself provide services to clients. DTTL and each DTTL member firm are separate and

distinct legal entities, which cannot obligate each other. DTTL and each DTTL member firm are liable only for their own acts or

omissions and not those of each other. Each DTTL member firm is structured differently in accordance with national laws,

regulations, customary practice, and other factors, and may secure the provision of professional services in its territory through

subsidiaries, affiliates, and/or other entities.

2011 Deloitte Touche Tohmatsu Limited
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The following areas of noncompliance were noted:

The following areas were identified that need further attention:

The following areas were identified that changed as compared to prior year:

Areas of change in accounting and presentation and disclosure requirements as co

SUMMARY OF CHGeneralThis worksheet may be used to summarise the results of this checklist as to whether the reco

Areas of noncompliance

Areas requiring further attention


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Follow-up:

Follow-up:

Follow-up:

pared to prior year:

CKLIST RESULTS

nition, measurement, presentation and disclosure requirements of IFRS have been met:


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A B C G H J K

Standard Applicable Accounting Presentation

IFRS 1 -First-time Adoption of International Financial

Reporting StandardsYes IFRS1A IFRS1P

IFRS 2 -Share-based Payment Yes IFRS2A IFRS2P

IFRS 3 -Business Combinations Yes IFRS3A IFRS3P

IFRS 4 -Insurance Contracts Yes IFRS4A IFRS4P

IFRS 5 -Non-current Assets Held for Sale and Discontinued

Operations

Yes IFRS5A IFRS5P

IFRS 6 -Exploration for and Evaluation of Mineral Resources Yes IFRS6A IFRS6P

IFRS 7 -Financial Instruments: Disclosures

(entity has not yet adopted IFRS 9)Yes N/A IFRS7P

IFRS 7 -Financial Instruments: Disclosures

(entity has adopted IFRS 9) [effective 1 January 2013]Yes N/A IFRS7P(amended)

IFRS 8 -Operating Segments Yes N/A IFRS8P

IFRS Checklist Worksheet Index

This checklist addresses the measurement and recognition as well as the presentation and disclosure

requirements of IFRSs in issue at 30 June 2011. Those Standards, Amendments and Interpretations indicatedin the checklist by red colour codingare not yet mandatorily effective but can be early adopted.

Please note that this checklist does not explicitly address the Framework for the Preparation and Presentation

of Financial Statements.


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A B C G H J K

IFRS 9(2009) -Financial Instruments [effective 1 January

2013]

Note: If you select 'Yes', you must also select 'Yes' to IAS39 Financial Instruments: Recognition and Measurement

below

Yes IFRS9(2009)A IFRS9(2009)P

IFRS 9(2010) -Financial Instruments [effective 1 January

2013]Yes IFRS9(2010)A IFRS9(2010)P

IFRS 10 -Consolidated Financial Statements [effective 1

January 2013, in conjunction with: adoption of IFRS 11 and

IFRS 12 as well as amendments to IAS 27 and IAS 28]

Yes IFRS10A IFRS10P

IFRS 11 -Joint Arrangements [effective 1 January 2013, in

conjunction with adoption of: IFRS 10 and IFRS 12 as well

as amendments to IAS 27 and IAS 28]

Yes IFRS11A IFRS11P

IFRS 12 -Disclosures of Interests in Other Entities

[effective 1 January 2013]Yes N/A IFRS12P

IFRS 13 -Fair Value Measurement [effective 1 January

2013]: Consequential amendments must be early adopted

when early adopting IFRS 13

Yes IFRS13A IFRS13P

IAS 1 -Presentation of Financial Statements Yes N/A IAS1P

IAS 2 -Inventories Yes IAS2A IAS2P

IAS 7 -Statement of Cash Flows Yes N/A IAS7P

IAS 8 -Accounting Policies, Changes in Accounting

Estimates and ErrorsYes IAS8A IAS8P

IAS 10 -Events after the Reporting Period Yes IAS10A IAS10P


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A B C G H J K

IAS 11 -Construction Contracts Yes IAS11A IAS11P

IAS 12 -Income Taxes Yes IAS12A IAS12P

IAS 16 -Property, Plant and Equipment Yes IAS16A IAS16P

IAS 17 -Leases Yes IAS17A IAS17P

IAS 18 -Revenue Yes IAS18A IAS18P

IAS 19 -Employee Benefits Yes IAS19A IAS19P

IAS 19 -Employee Benefits [effective 1 January 2013] Yes IAS19(2011)A IAS19(2011)P

IAS 20 -Accounting for Government Grants and Disclosure

of Government AssistanceYes IAS20A IAS20P

IAS 21 -The Effects of Changes in Foreign Exchange Rates Yes IAS21A IAS21P

IAS 23 -Borrowing Costs Yes IAS23A IAS23P

IAS 24 -Related Party Disclosures Yes N/A IAS24P

IAS 26 -Accounting and Reporting by Retirement Benefit

PlansYes N/A IAS26P

IAS 27 -Consolidated and Separate Financial Statements Yes IAS27(2008)A IAS27(2008)P

IAS 27 -Consolidated and Separate Financial Statements

[effective 1 January 2013, in conjunction with: adoption of

IFRS 10, IFRS 11 and IFRS 12, as well as amendments toIAS 28]

Yes IAS27(2011)A IAS27(2011)P


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A B C G H J K

IAS 28 -Investments in Associates Yes IAS28(2008)A IAS28(2008)P

IAS 28 -Investments in Associates and Joint Ventures

[effective 1 January 2013, in conjunction with: adoption of

IFRS 10, IFRS 11 and IFRS 12, as well as amendments to

IAS 27]

Yes IAS28(2011)A IAS28(2011)P

IAS 29 -Financial Reporting in Hyperinflationary Economies Yes IAS29A IAS29P

IAS 31 -Interests in Joint Ventures Yes IAS31A IAS31P

IAS 32 -Financial Instruments: Presentation Yes N/A IAS32P

IAS 33 -Earnings per Share Yes IAS33A IAS33P

IAS 34 -Interim Financial Reporting Yes N/A IAS34P

IAS 36 -Impairment of Assets Yes IAS36A IAS36P

IAS 37 -Provisions, Contingent Liabilities and Contingent

AssetsYes IAS37A IAS37P

IAS 38 -Intangible Assets Yes IAS38A IAS38P

IAS 39 -Financial Instruments: Recognition and

MeasurementYes IAS39A IAS39P

IAS 40 -Investment Property Yes IAS40A IAS40P

IAS 41 -Agriculture Yes IAS41A IAS41P

IFRIC 5 -Rights to Interests arising from Decommissioning,Restoration and Environmental Rehabilitation Funds Yes N/A IFRIC5P


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A B C G H J K

IFRIC 12 /SIC 29 -Service Concession Arrangements Yes IFRIC12A SIC29P

IFRIC 17 -Distributions of Non-cash Assets to Owners Yes IFRIC17A IFRIC17P

IFRIC 18 -Transfers of Assets from Customers Yes IFRIC18A N/A

IFRIC 19 -Extinguishing Financial Liabilities with Equity

Instruments [effective 1 July 2010]Yes IFRIC19A IFRIC19P

IFRIC 19 -Extinguishing Financial Liabilities with Equity

Instruments [effective 1 January 2013]Yes IFRIC19A(amended) N/A

Workbook Last updated: October 2011


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Summary of IFRS Accounting TQs

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A B C D E F G I

IFRS 1

IFRS1A

IFRS1B

IFRS1C

IFRS1D

IFRS1E

IFRS1F

IFRS1G

IFRS1H

IFRS1I

Has the entity granted any equity instruments prior to the

date of transition that fall within the scope of IFRS 2?

First-time Adoption of International Financial Reporting Standards

Is the entity a first time adopter of IFRSs in terms of IFRS 1?

Did the entity enter into any business combinations before

the date of transition to IFRSs?

Summary of IFRS Accounting Tailoring Questions

Has the entity recognised intangible assets (other than

goodwill) in the opening IFRS statement of financial position?

Was the entity, at the date of transition to IFRSs, party to an

arrangement, comprising a transaction or a series of related

transactions, that did not take the legal form of a lease but

that conveyed a right to use an asset (e.g. an item of

property, plant or equipment) in return for a payment or

series of payments?Has the entity recognised defined benefit obligations in the

opening IFRS statement of financial position?

Has the entity entered into any insurance contracts?

Has the entity recognised items of property, plant and

equipment in the opening IFRS statement of financial

position?

Has the entity recognised items of investment property in the


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A B C D E F G I

IFRS1J

IFRS1K

IFRS1L

IFRS1M

IFRS1N

IFRS1O

IFRS1P

IFRS1Q

IFRS1R

IFRS1V

IFRS1X

Has the entity considered applying the transitional provisions

in IAS 23?

Did the entity become a first-time adopter for its separate

financial statements earlier or later than for its consolidated

financial statements?

Did the entity recognise any compound financial instruments

under previous GAAP?

Was the entity, at the date of transition to IFRSs, a party to a

Service Concession Arrangement within the scope of IFRIC 12

Service Concession Arrangements?

Does retrospective application of IAS 21 result in any

cumulative exchange differences to be recognised in the


Did the entity recognise any investments in subsidiaries,jointly controlled entities and associates?

Did the entity become a first-time adopter later than its

parent or an entity that has significant influence or joint

control over it?

Did the entity become a first-time adopter later than its

subsidiary, associate or joint venture?

Has the entity recognised financial instruments, as defined

under IAS 32 and IAS 39, in the opening IFRS statement of

financial position?

Did the entity have obligations to dismantle, remove and

restore items of property, plant and equipment at the date of

transition to IFRSs?


in IFRIC 18?

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A B C D E F G I

IFRS1Y

IFRS1YA

IFRS1S

IFRS1T

IFRS1W

IFRS1U

IFRS1Z

IFRS1ZA

IFRS 2

IFRS2A

IFRS2B

Did the entity derecognise financial assets or financial

liabilities under previous GAAP?

Does the entity apply hedge accounting or has the entity

recognised any derivatives in the opening IFRS statement of

financial position?

Does the entity have a functional currency that was, or is,

the currency of a hyperinflationary economy?

Has the entity recognised any financial assets in the opening

IFRS statement of financial position?

Has the entity used estimates to measure assets and

liabilities recognised in its opening IFRS statement of

financial position?

Has the entity assessed / recognised any embedded

derivatives in the opening IFRS statement of financial

position?


in IFRIC 19?

Has the entity applied the transitional provisions relating to

non-controlling interests set out in paragraph B7 of IFRS 1?

Does the entity enter into transactions with parties other

than employees which are settled through the issue of the

entitys equity or equity of an entity in the same group?

Share-based Payment

Does the entity enter into transactions with employees or

other parties providing similar services which are settled

through the issue of the entitys equity or equity of an entity

in the same group?

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A B C D E F G I

IFRS2C

IFRS2D

IFRS2E

IFRS2F

IFRS2G

IFRS 3

IFRS3A

IFRS3E

Business Combinations

Does the entity enter into transactions in which the entityhas the choice to settle the transaction either through the

issue of the entitys equity or equity of an entity in the same

group or in cash, the amount of which is determined by

reference to the entitys equity or equity of an entity in the

same group?

Does the entity enter into transactions in which the

counterparty has the choice to receive payment either in the

form of the entitys equity or equity of an entity in the same

group or in cash, the amount of which is determined by

reference to the entitys equity or equity of an entity in thesame group?

Where the entity has entered into a share-based payment

transaction, has the entity modified any terms of its share-

based payment arrangement?

Does the entity receive goods or services from its suppliers

as consideration from share-based payment transactions in

which another group entity has the obligation to settle the

share-based payment?

Has the entity entered into a business combination during the

period?

Does the entity enter into transactions which are settled at

an amount determined by reference to the entitys equity or

equity of an entity in the same group?

Has goodwill been recognised in the current year or previous

periods?

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A B C D E F G I

IFRS3F

IFRS3B

IFRS3C

IFRS3G

IFRS3D

IFRS3H

IFRS 4

IFRS4A

IFRS4D

Was the initial accounting for a business combination

determined provisionally in either the current or the prior

year?

Does the net of the acquisition-date amounts of the

identifiable assets acquired and the liabilities assumed

measured in accordance with IFRS 3 exceed the aggregate of

the consideration transferred?Was the business combination achieved in stages, for

example through successive share purchases?

Was the business combination achieved without transfer of

consideration?

Has the entity entered into a business combination that is

classified as a 'reverse acquisition' during the period?

Insurance Contracts

Has the entity issued any insurance contracts (includingreinsurance contracts) or does it hold any reinsurance

contracts?

Are there any embedded derivatives in insurance contracts

which the entity has issued, apart from an embedded

derivative which is itself an insurance contract?

Were changes in the fair value of contingent consideration

recognised after the acquisition date due to additional

information obtained after that date about facts and

circumstances that existed at the acquisition date?

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A B C D E F G I

IFRS4E

IFRS4F

IFRS4G

IFRS4C

IFRS4B

IFRS 5

IFRS5A

IFRS5B

IFRS5C

Has the entity acquired any non-current assets (or disposal

groups) exclusively with a view to their subsequent disposal

(see note to 5A above)?

Has the entity previously classified assets (or disposal

groups) as held for sale which no longer meet the

classification criteria (see 5A above)?

Did the entity assume any insurance liabilities or acquire any

insurance assets in a business combination (as defined in

IFRS 3)? OR

Did the entity acquire a portfolio of insurance contracts?

Has the entity issued an insurance contract which contains a

discretionary participation feature (see Guidance) as well as a

guaranteed element?

Do any of the insurance contracts which the entity has issued

contain both an insurance component and a deposit

component?

Has the insurer changed its accounting policies for insurancecontracts?

Has the entity issued financial instruments with a

discretionary participation feature?

Non-current Assets Held for Sale and Discontinued Operations

Does the entity hold non-current assets or groups of assets

for which it intends to recover the carrying amount principally

through a sale transaction rather than through continuing

use (an asset held for sale) or is committed to distribute the

assets (or disposal group) to owners acting in their capacityas owners (held for distribution to owners)?

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A B C D E F G I

IFRS 6

IFRS6A

IFRS6B

IFRS 9(2009)

IFRS9A

IFRS9B

IFRS9C

IFRS9D

IFRS9F

IFRS9E

IFRS 9(2010)

IFRS9A

Exploration for and Evaluation of Mineral Resources

Has the entity incurred expenditures related to exploration

for and evaluation of mineral resources during the current or

prior period?

Has the entity capitalised any exploration and evaluation

expenditure as an asset?

Does the entity have financial assets and / or financial

liabilities that are within the scope of IAS 39?

Financial Instruments

Does the entity have financial assets that are within the

scope of IAS 39?Has the entity designated financial assets at fair value

through profit or loss?

Has the entity got a hybrid contract that includes a non-

derivative host with the effect that some of the cash flows of

the combined instrument vary in a way similar to a

standalone derivative?

Has the entity reclassified financial assets?

Has the entity applied hedge accounting?

Has the entity got financial assets which are equity

instruments?


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A B C D E F G I

IFRS9B

IFRS9C

IFRS9D

IFRS9F

IFRS9G

IFRS9H

IFRS9I

IFRS9J

IFRS9K

IFRS9L

IAS39A

Has the entity designated financial assets at fair value


Has the entity designated financial liability at fair value


Has the entity applied hedge accounting?

Does one or more of the scope exceptions result in the

contract, or a portion of the contract falling outside IAS 39?

Has the entity derecognised any financial assets?

Has the entity got financial liabilities which are designated as

at fair value through profit or loss?

Has the entity reclassified financial instruments?

Has the entity got financial assets which are equity

instruments?

Has the entity transferred any financial assets?

Has the entity derecognised any financial liabilities?

Does the entity have a hybrid contract with the effect that

some of the cash flows of the combined instrument vary in away similar to a standalone derivative?

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A B C D E F G I

IAS39B

IAS39C

IFRS10IFRS10A

IFRS10B

IFRS11

Have changes in reporting entity's ownership interest in a

subsidiary resulted in a loss of control?

Consolidated Financial Statements

Joint Arrangements

Does the reporting entity 'control' one or more entities during

or at the end of the reporting period?

A) Does the reporting entity have power over an investee?

B) Does the reporting entity have exposure or rights to

variable returns from its involvement with the investee?

C) Does the reporting entity have ability to use its power

over the investee to affect the amount of the reportingentity's returns?

Has the entity applied the IAS 39's impairment provisions to

a financial asset or a group of financial assets when and only

when there is OBJECTIVE EVIDENCE of impairment as a

result of one or more events that occurred AFTER the initial

recognition of the asset and that loss event has an impact on

the estimated future cash flows of the financial asset or

group of financial assets?

Has the entity designated a hedging relationship for

accounting purposes between one or more hedging

instruments and one or more hedged items?

Page 21 Of 366

S f IFRS A i TQ


22/366


119

120

121

122

123

124

125

126

127

128

129

130

A B C D E F G I

IFRS11A

IFRS11C

IFRS13

Yes IFRS13A

IAS 2IAS2A

IAS2B

IAS2C

IAS2D

IAS 8

IAS8E

IAS8C

Does the entity participate in a contractual arrangement with

one or more parties to undertake an economic activity, which

is subject to joint control?

Is the entity applying IFRS 11 for the first time?

InventoriesDoes the entity purchase goods for resale (for example

merchandise, land)?

Does the entity produce or manufacture inventories?

Does the entity purchase any materials or supplies to be used

in the rendering of services?

Does the entity hold any agricultural produce measured in

accordance with IAS 2?

Accounting Policies, Changes in Accounting Estimates and Errors

Has the entity developed, in accordance with IFRSs,

accounting policies that represent the specific principles,

bases, conventions, rules and practices to be applied in

preparing and presenting its financial statements?

Has the adoption of an IFRS or an Interpretation resulted in a

change in accounting policy?

Does the entity have any assets or liabil ities for which

another IFRS requires or permits fair value measurements or

disclosures about fair value measurements?

Fair Value Measurement

Page 22 Of 366



23/366


131

132

133

134

135

136

137

138

139

A B C D E F G I

IAS8D

IAS8A

IAS8B

IAS 10

IAS10A

IAS10B

IAS10C

IAS 11

Yes IAS11A

Has the entity voluntarily changed any accounting policy

during the year (except for changes resulting from the

adoption of a new Standard)?

Has there been a change in accounting estimate during theyear?

During the current period, did the entity discover any errors

in the preparation of financial statements of prior periods?

Events after the Reporting Period

Has any favourable or unfavourable event, affecting the

reporting entity, occurred after the reporting period but

before the date when the financial statements are authorisedfor issue?

Has the entity proposed or declared dividends after the

reporting period?

Has management determined after the reporting period that

it intends to liquidate the entity or to cease trading or have

there been indicators that the reporting entity may no longer

be a going concern?

Construction Contracts

Has the entity negotiated a contract for the construction of a

single asset, or the construction of a number of assets which

are closely interrelated or interdependent in terms of their

design, technology and function or their ultimate purpose or

use (i.e. a construction contract as defined in IAS 11)?

Page 23 Of 366



24/366


140

141

142

143

144

145

146

147

148

A B C D E F G I

IAS 12

IAS12A

IAS12B

IAS12J

IAS12F

IAS12G

IAS12G

IAS12C

IAS12D

Income Taxes

Is the entity subject to income tax legislation imposed either

domestically and/or by foreign legislators, including

withholding taxes, which are payable by a subsidiary,

associate or joint venture on distributions to the reporting

entity?

Do taxable temporary differences exist?

Was the entity involved in a business combination or

acquisition in a past reporting period, for which a deferred

tax liability in relation to goodwill has not been recognised?

Has the entity been involved in a business combination in the

current reporting period?

Does the entity carry assets at fair value or at a revalued

amount (e.g. under the revaluation models of IAS 16

Property, Plant and Equipment and IAS 38 Intangible Assets;

at fair value under IAS 40 Investment Property or IAS 39

Financial Instruments: Recognition and Measurement)?

Do deductible temporary differences exist?

Did the entity have any unused tax losses or unused tax

credits during or at the end of the current reporting period?

Does the entity carry assets at fair value or at a revalued

amount (e.g. under the revaluation models of IAS 16

Property, Plant and Equipment and IAS 38 Intangible Assets;

at fair value under IAS 40 Investment Property or IFRS 9

Financial Instruments)?

Page 24 Of 366



25/366


149

150

151

152

153

154

155

156

157

158

A B C D E F G I

IAS12E

IAS12H

IAS12K

IAS12I

IAS 16

IAS16A

IAS16B

IAS16G

IAS16F

IAS16C

Has the entity held investments in subsidiaries, branches,

associates or interests in joint ventures during or at the end

of the current reporting period?

Has there been a change in the tax status of the entity or ofits shareholders during the current reporting period?

Was the entity involved in a business combination or

acquisition in a past reporting period and a deferred tax asset

was not recognised for the acquirees income tax loss carry

forwards or other deferred tax assets because the recognition

criteria in IFRS 3 Business Combinations were not met?

Does the entity have share-based payment transactions

within the scope of IFRS 2 Share-based Payment outstanding

during the current reporting period?

Property, Plant and Equipment

Did the entity hold, construct or acquire any property, plant

or equipment during the year?

Did the entity incur any subsequent expenditure relating to

an existing item of property, plant and equipment during the

year?

Does the entity have any obligations to dismantle, remove

and restore items of property, plant and equipment

(commonly referred to as decommissioning, restoration and

similar liabilities)?

Did the entity acquire an item of property, plant and

equipment in exchange for another asset?

Does the entity hold/own assets held at cost less

accumulated depreciation and accumulated impairment loss

under the cost model?

Page 25 Of 366



26/366

y g Q

159

160

170

171

172

173

174

175

A B C D E F G I

IAS16D

IAS16E

IAS 17

IAS17G

IAS17H

IAS17A

IAS17B

IAS17C

Does the entity revalue any class of its property, plant and

equipment under the revaluation model?

Did the entity sell, scrap or otherwise dispose of any

property, plant and equipment during the year?

Leases

Has the entity entered into a transaction or a series of

structured transactions (an arrangement) with an unrelated

party or parties (an investor) that involves the legal form of a

lease where the substance of the arrangement may be such

that it does not meet the definition of a lease under IAS 17?

Is the entity a party to an arrangement, comprising a

transaction or a series of related transactions, that does not

take the legal form of a lease but that conveys a right to use

an asset (e.g. an item of property, plant or equipment) in

return for a payment or series of payments?

Has the entity entered into a lease agreement, rental

agreement, hire purchase agreement or any other agreement

that gives the entity the right to use an asset or part of an

asset for a period of time? (Is the entity a lessee?)

Has the entity financed the purchase of an asset by another

entity, sold an asset with finance, transferred the right to use

an asset, or rented an asset to another entity? (Is the entity

a lessor?)

Has the entity entered into any sale and leaseback or lease

and leaseback transactions in respect of the same asset?

Page 26 Of 366



27/366

176

177

180

181

182

183

184

185

186

187

188

A B C D E F G I

IAS17D

IAS17E

IAS 18

IAS18A

IAS18B

IAS18C

IAS18D

IAS18G

IAS18E

IAS18F

IAS18H

During the period, have there been amendments to the terms

of an existing lease agreement?

Has the entity entered into a lease agreement that includes

both land and building(s) elements?

Revenue

Does the entity sell goods to its customers (this may include

both goods that were manufactured or produced by the entity

for the purpose of sale, or goods that were specifically

purchased for resale)?

Does the entity render a service to its customers (the

rendering of a service normally involves the performance of acontractually agreed task over a period of time)?

Does the entity generate income by allowing customers the

use of its assets?

Does the entity provide finance in conjunction with the sale

of goods?

Has the entity accepted goods or other services in exchange

for the delivery of goods or services (i.e. has it entered into

any exchange or barter transactions)?

Does the entity enter into transactions that comprise more

than one component (e.g. delivery of both goods and

services, delivery of a number of different goods or services)?

Does the entity enter into buy-back / repurchase

agreements?

Does the entity provide its customers with incentives to buy

goods or services by providing award credits as part of sales

transactions?

Page 27 Of 366



28/366

189

190

191

192

193

194

A B C D E F G I

IAS18I

IAS 19

IAS19A

IAS19B

IAS19I

IAS19F

Does the entity enter into agreements for the construction of

real estate?

Employee Benefits

Does the entity have expenses arising from short term

employee benefits (other than those to which IFRS 2 Share-

based Paymentapplies) such as:

a) wages, salaries and social security contributions;

b) short-term compensated absences (e.g. absences due

to vacation, sickness and short-term disability, maternity or

paternity, jury service and military service);

c) profit-sharing and bonuses payable within twelve

months after the end of the period in which the employeesrender the related service; and

d) non-monetary benefits (such as medical care, housing,

cars and free or subsidised goods or services) for current

employees?

Does the entity provide post-employment benefits such as:

a) retirement benefits, such as pensions; and

b) other post-employment benefits, such as post-

employment life insurance and post-employment medical

care?

Has the entity been involved in a business combination or

acquisition in the current reporting period, which has brought

together separate entities into one economic entity as a

result of obtaining control over the net assets and operations

of another entity?

Has a curtailment or settlement occurred in the current

financial year?

Page 28 Of 366



29/366

195

196

197

198

199

200

201

A B C D E F G I

IAS19C

IAS19J

IAS19D

IAS19E

IAS19G

IAS19H

IAS 19(2011)

Does the entity participate in any multi-employer post-

employment benefit plans?

Does the entity participate in a plan that shares risks

between various entities under common control?

Does the entity participate in a state post-employment

benefit plan?

Does the entity pay insurance premiums to fund a post

employment benefit plan?

Does the entity have any other long-term employee benefit

liabilities (other than those to which IFRS 2 Share-based

Paymentapplies) such as:

a) long-term compensated absences (e.g. long-service orsabbatical leave);

b) jubilee or other long-service benefits;

c) long-term disability benefits;

d) profit-sharing and bonuses payable twelve months or

more after the end of the period in which the employees

render the related service; and

e) deferred compensation paid twelve months or more

after the end of the period in which it is earned?

Is the entity due to pay any employee benefits as a result of

either:a) its decision to terminate an employee's employment

before the normal retirement date; or

b) an employee's decision to accept voluntary redundancy

in exchange for those benefits?

Employee Benefits

Page 29 Of 366



30/366

202

203

204

205

206

207

A B C D E F G I

IAS19A

IAS19B

IAS19C

IAS19J

IAS19D

IAS19EDoes the entity pay insurance premiums to fund a post

employment benefit plan?

Does the entity have expenses arising from short term

employee benefits (other than those to which IFRS 2

applies), such as the following, if expected to be settled

wholly before twelve months after the end of the annual

reporting period in which the employees render the related

service:

a) wages, salaries and social security contributions;

b) paid annual leave and paid sick leave;

c) profit-sharing and bonuses; and

d) non-monetary benefits (such as medical care,

housing, cars and free or subsidised goods or services) for

current employees.

Has the entity post-employment benefits such as:

a) retirement benefits (e.g., pensions and lump sumpayments on retirement); or

b) other post-employment benefits, such as post-

employment life insurance and post-employment medical

care?Does the entity participate in any multi-employer post-

employment benefit plans, classified either as a defined

contribution or defined benefit plan?

Does the entity participate in a plan that shares risks

between various entities under common control?

Does the entity participate in any state post-employment

benefit plans, classified either as a defined contribution or

defined benefit plan?

Page 30 Of 366



31/366

208

209

210

211

212

213

214

215

A B C D E F G I

IAS19G

IAS19H

IAS 20

IAS20A

IAS20B

IAS 21

IAS21A

IAS21E

Accounting for Government Grants and Disclosure of Government Assistance

Did the entity receive any grants, subsidies, subventions or

other transfer of resources from government, government

bodies or similar agencies?

Have any government grants been repaid or become

repayable?

The Effects of Changes in Foreign Exchange Rates

Does the entity have transactions in foreign currencies?

Does the entity have any other long-term employee benefits

including items such as the following, if not expected to be

settled wholly before twelve months after the end of the

annual reporting period in which the employees render the

related service:a) long-term paid absences such as long-service or

sabbatical leave;

b) jubilee or other long-service benefits;

c) long-term disability benefits;

d) profit-sharing and bonuses; and

e) deferred remuneration?

Is the entity due to pay any employee benefits as a result of

either:

a) its decision to terminate an employee's employment

before the normal retirement date; orb) an employee's decision to accept an offer of benefits in

exchange for the termination of employment?

Does the entity have any foreign operations?

Page 31 Of 366



32/366

216

217

218

219

220

221

222

223

224

226

227

228

A B C D E F G I

IAS21H

IAS21D

IAS21B

IAS21B

IAS21B

IAS21C

IAS21G

IAS21F

IAS 23

IAS23A

IAS23B

Does the entity hold any foreign currency denominatedassets or liabilities that are used for hedging purposes?

Does the entity:

a) buy or sell goods or provide services whose price is

denominated in a foreign currency;

b) borrow or lend funds where the amounts payable or

receivable are denominated in a foreign currency;

c) acquire or dispose of assets, or incur or settle

liabilities, denominated in a foreign currency?

Is the functional currency of the entity the currency of a

hyperinflationary economy in accordance with IAS 29

Financial Reporting in Hyperinflationary Economies?

Does the entity have any assets or liabilities that are

denominated in a foreign currency?

Is the entity using a currency other than its functional

currency for presenting its financial statements (the

presentation currency)?

Has the entity disposed (or partially disposed) of a foreign

operation during the current period?

Borrowing Costs

Has the entity incurred borrowing costs that are not directly

attributable to the acquisition, construction or production of a

qualifying asset?

Has the entity incurred borrowing costs that are directly

attributable to the acquisition, construction or production of a

qualifying asset?

Page 32 Of 366



33/366

235

236

237

238

239

240

241

242

243

244

245

A B C D E F G I

IAS 27(2008)

IAS27A

IAS27B

IAS27D

IAS27C

IAS27E

IAS 27(2011)

IAS27A

IAS27B

IAS 28(2008)

IAS28A

Has the reporting entity controlled one or more entities

during or at the end of the reporting period?

Consolidated and Separate Financial Statements

Is the entity applying IAS 27(2011) prior to its annual period

beginning on or after 1 January 2013?

Separate Financial Statements

Has the entity prepared separate financial statements?

Investments in Associates

Does the reporting entity exercise significant influence over

one or more entities?

During the reporting period, has the reporting entity created,

sponsored or engaged in transactions with an entity that was

established to accomplish a narrow and well-defined

objective of the reporting entity (so-called Special Purpose

Entity SPE)?

Has there been a non-controlling interest in any subsidiary in

the reporting entity during or at the end of the reporting

period?

Did the reporting entity lose control of an existing subsidiaryduring the reporting period (e.g. as a result of the disposal of

portion of the ownership interest)?

Does the entity prepare separate financial statements?

Page 33 Of 366



34/366

246

247

248

249

250

251

252

253

254

255

A B C D E F G I

IAS28B

IAS28C

IAS 28(2011)IAS28A

IAS28B

IAS28C

IAS28D

IAS29

IAS29A

IAS29B

Financial Reporting in Hyperinflationary Economies

Does the entity or any of its subsidiaries prepare historical

cost financial statements in the functional currency of a

hyperinflationary economy?

Does the entity or any of its subsidiaries prepare current cost

financial statements in a currency of a hyperinflationary

economy?

Does the reporting entity have investments in associates or

joint ventures and prepare separate financial statements?

Is the entity applying IAS 28(2011) prior to its annual period


Investments in Associates and Joint Ventures

Does the reporting entity exercise significant influence over

one or more entities or is the reporting entity a party to a

joint venture that has joint control of that joint venture?

Has the reporting entity ceased to exercise significantinfluence or joint control of an investee during the reporting

period (e.g., as a result of the disposal of a portion of the

ownership interest)?

Has the reporting entity ceased to exercise significant

influence during the reporting period (e.g. as a result of the

disposal of a portion of the ownership interest)?

Does the reporting entity have investments in associates and

prepare separate financial statements?

Page 34 Of 366



35/366

256

257

258

259

260

261

262

A B C D E F G I

IAS29D

IAS29C

IAS 31

IAS31A

IAS31B

IAS31C

IAS31D

During the current reporting period, has the economy of the

entity or any of its subsidiaries functional currencies been

identified as hyperinflationary, when that economy was not

hyperinflationary in the prior period?

Has the economy of the entitys or any of its subsidiaries

functional currency ceased to be hyperinflationary during the

period?

Interests in Joint Ventures

Does the entity participate in a contractual arrangement with

one or more parties to undertake an economic activity, which

is subject to joint control? (Is the entity a party to a joint

venture?)

Does the entity have joint control over a joint venture that

involves the use of the assets and other resources of the

venturers rather than the establishment of a corporation,

partnership or other entity, or a financial structure that is

separate from the venturers themselves? (Is the entity a

venturer in a jointly controlled operation?)

Does the entity have joint control over a joint venture that

involves joint control, and often the joint ownership, by the

venturers of one or more assets contributed to, or acquired

for the purpose of, the joint venture and dedicated to the

purposes of the joint venture, with the objective that each

venturer has control over its share of future economic

benefits through its share of the jointly controlled asset? (Is

the entity a venturer in a jointly controlled asset?)

Does the entity have joint control over a joint venture

established as a separate corporation, partnership or other

entity in which each venturer has an interest? (Is the entity a

venturer in a jointly controlled entity?)

Page 35 Of 366



36/366

263

264

265

266

267

274

275

276

277

278

A B C D E F G I

IAS31E

IAS31F

IAS31I

IAS31G

IAS31H

IAS 33

IAS33A

IAS33C

IAS33B

IAS33E

Is the entitys accounting policy to account for jointly

controlled entities in which it is a venturer using

proportionate consolidation?

Is the entitys accounting policy to account for jointlycontrolled entities in which it is a venturer using the equity

method?

Does the reporting entity have interests in jointly controlled

entities and prepare separate financial statements?

Has the reporting entity contributed or sold non-monetary

assets to a joint venture in which it is a venturer?

Has the reporting entity purchased assets from a joint

venture in which it is a venturer?

Earnings per Share

Does the entity have ordinary shares or potential ordinary

shares that are publicly traded, is the entity in the process of

issuing ordinary shares or potential ordinary shares in public

securities markets, or has it voluntarily chosen to disclose

EPS information in accordance with IAS 33?

Has the entity entered into a business combination during theyear?

Does the entity (or its subsidiary, associates and joint

ventures) have potential ordinary shares?

Does the entity have agreements whereby the issuance of

ordinary shares is contingent upon the occurrence or non-

occurrence of certain events?

Page 36 Of 366



37/366

279

280

281

282

283

284

285

286

287

288

A B C D E F G I

IAS33D

IAS33I

IAS33F

IAS33G

IAS33H

IAS 36

IAS36A

IAS36G

IAS36D

IAS36C

Have any events occurred (other than the conversion of

potential ordinary shares) that have changed the number of

ordinary shares outstanding, without a corresponding change

in resources?

Does the entity have participating equity instruments that

are not convertible into a class of ordinary shares or two-

classes of ordinary shares?

Does the entity have contracts that may be settled in

ordinary shares or cash?

Has the entity held purchase options during the year (i.e.

options held by the entity on its own shares)?

Has the entity held written options or forward purchase

options during the year (i.e. contracts that require the entity

to repurchase its own shares)?

Impairment of Assets

Does the entity recognise assets such as property, plant and

equipment and investment properties that are measured on a

cost basis, or intangible assets?

Has the entity recognised any intangible assets with an

indefinite useful life or any intangible assets not yet available

for use?

Has the entity recognised goodwill acquired in a business

combination in its financial statements?

Does the entity recognise assets, for which there is an

indication that the assets may be impaired? (Refer to

compliance questions for 36A)

Page 37 Of 366



38/366

289

290

291

292

293

294

A B C D E F G I

IAS36B

IAS36E

IAS36F

IAS 37

IAS37A

IAS37B

Does the entity have different divisions, business units,

branches or outlets that generate cash flows independently

from the other businesses within the entity? OR

Does the entity have investments in subsidiaries, associates

or joint ventures?

Does the entity have any corporate assets that exist for the

benefit of different divisions or business units within the

larger entity, but do not generate cash-flows independently

from the other divisions/business units, for example the

building of a headquarters or a research centre?

Did the entity recognise an impairment loss in a previous

period?

Provisions, Contingent Liabilities and Contingent Assets

Does the entity have any present obligations at the end of

the reporting period (legal or constructive) of uncertain

timing or amount that are expected to result in outflows of

resources embodying economic benefits?

Does the entity have any possible obligations arising from

past events that will only be confirmed by the occurrence of

uncertain future events that are not wholly within the controlof the entity, OR

Does the entity have any present obligations arising from

past events that have not been recognised as a provision

because it is not probable that an outflow of resources

embodying economic benefits will be required to settle the

obligation, or the amount of the obligation cannot be

measured with sufficient reliability? (Does the entity have

any contingent liabilities?)

Page 38 Of 366



39/366

295

296

297

298

299

300

301

A B C D E F G I

IAS37C

IAS37D

IAS37E

IAS37F

IAS37G

IAS 38

IAS38ADid the entity hold or acquire any intangible assets (for

example intellectual property, trademarks, brands, patents,

copyrights or customer lists) during the year?

Does the entity have any possible assets that arise from past

events and whose existence will be confirmed only by the

occurrence or non-occurrence of one or more uncertain future

events not wholly within the control of the entity? (Does the

entity have any contingent assets?)

Is the entity a party to any contract where the unavoidable

costs of meeting the obligations under the contract exceed

the economic benefits expected to be received under it, for

example the long-term lease of a building that the entity is

no longer using? (Is the entity party to any onerous

contracts?)

Has the entity planned or embarked on a restructuring of the

business, i.e. a programme that is planned and controlled by

management that materially changes the scope of the

business undertaken by the entity; or the manner in which

business is conducted?

Did the entity have an interest in, or have an obligation to

make potential additional contributions to, a fund or a trust

in order to segregate assets to fund some or all of the costs

of decommissioning, restoration and environmental

rehabilitation?

Does the entity have any obligations related to

decommissioning of waste electrical and electronic equipmentpursuant to the European Unions Directive on Waste

Electrical and Electronic Equipment (WE&EE)?

Intangible Assets

Page 39 Of 366


A B C D E F G I


40/366

302

303

304

305

306

307

308

309

310

323

324

A B C D E F G I

IAS38B

IAS38E

IAS38D

IAS38C

IAS38F

IAS38G

IAS38J

IAS38H

IAS38I

IAS 39

IAS39H

Does the entity recognise any intangible assets that have

been generated internally (for example designs, processes,

goodwill, customer lists or web sites) on its statement of

financial position?

Did the entity incur additional expenditure, relating to anexisting item of intangible assets during the year?

Did the entity incur expenditure on starting up an operation

or business, training or advertising & promotion?

Did the entity incur expenditure related to research and/or

development?

Does the entity hold/own intangible assets accounted for

using the cost model?

Does the entity revalue any class of its intangible assets

under the revaluation model?

Does the entity hold any intangible assets with an indefinite

useful life?

Did the entity sell, scrap or otherwise dispose of any

intangible assets during the year, or are there intangible

assets from which no further economic benefits are

anticipated?

Has the entity incurred costs related to the development ofan internet web site or intranet?

Financial Instruments: Recognition and Measurement

Does one or more of the scope exceptions result in the

contract, or a portion of the contract falling outside IAS 39?

Page 40 Of 366


A B C D E F G I


41/366

325

326

327

328

329

330

331

332

333

334

335

336

A B C D E F G I

IAS39A

IAS39B

IAS39D

IAS39C

IAS39E

IAS39F

IAS39G

IAS 40

IAS40A

IAS40H

IAS40B

IAS40C

Does the contract contain one or more embedded

derivatives?

Is the contract a derivative instrument?

Has the entity removed (i.e. derecognised) a previously

recognised financial asset (or a portion of the financial asset)

from its statement of financial position?

Has the entity removed (i.e. derecognised) a previously

recognised financial liability (or a portion of the financial

liability) from its statement of financial position?

Has the entity designated a hedging relationship for

accounting purposes between one or more hedging

instruments and one or more hedged items?

Investment Property

During the year, did the entity hold, lease under a finance

lease, or acquire any land, buildings or properties?

Did the entity hold a property interest under an operating

lease that is accounted for as an investment property?

During the year, did the entity hold, lease under a finance

lease, or acquire any property meeting IAS 40s definition of

investment property?

During the year, did the entity incur additional expenditure

relating to an existing investment property?

Is the contract a financial liability?

Is the contract a financial asset?

Page 41 Of 366


A B C D E F G I


42/366

337

338

339

340

341

342

343

344

345

346

347

A B C D E F G I

IAS40I

IAS40D

IAS40E

IAS40F

IAS40G

IAS40J

IAS 41

IAS41A

IAS41B

IAS41C

IFRIC 12

Has the entity acquired investment property in exchange for

a non-monetary asset(s), or a combination of monetary and

non-monetary asset(s)?

Has the entity chosen the fair value model to account for all

its investment property?

Has the entity chosen the cost model to account for all its

investment property?

Has any item of investment property been transferred during

the year?

During the period, did the entity dispose of any investment

property (whether by sale or entering a finance lease or

otherwise) or permanently withdraw any investment property

from use?

During the period, has the entity received compensation from

third parties for investment property that was impaired, lost

or given up?

Agriculture

Is the entity involved in agricultural or farming activities with

respect to living plants or animals or does it own or control

any biological assets?

Is the entity unable to measure at initial recognition the fairvalue of any of its biological assets reliably?

Has the entity received government grants, subsidies or

subventions related to biological assets, agricultural activity

or farming (including grants that require an entity not to

engage in agricultural activity)?

Service Concession Arrangements

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A B C D E F G I


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348

349

350

353

354

355

356

357

358

359

IFRIC12A

IFRIC12B

IFRIC12C

IFRIC 17

IFRIC17A

IFRIC17B

IFRIC 18

IFRIC18A

IFRIC18B

IFRIC 19

Is the entity a private sector operator that is party to a

service concession arrangement within the scope of IFRIC

12?

Has the entity recognised a financial asset in respect of a

service concession arrangement in accordance with IFRIC 12?

Has the entity recognised an intangible asset in respect of a

service concession arrangement in accordance with IFRIC 12?

Distributions of Non-cash Assets to Owners

Has the entity distributed assets other than cash as dividends

to its owners acting in their capacity as owners?

Has there been any difference between the carrying amount

of the assets distributed and the carrying amount of the

dividend payable when the entity has settled the dividend

payable?

Transfers of Assets from Customers

Has the entity received a transfer of an item of property,

plant and equipment from a customer?

Has the entity received a transfer of cash from a customer?

Extinguishing Financial Liabilities with Equity Instruments

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A B C D E F G I


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360

361

362

364

Yes IFRIC19A

IFRIC 19

(amended) Yes IFRIC19AExtinguishing Financial Liabilities with Equity Instruments

Has the entity renegotiated the terms of a financial liability

with the result that the entity is issuing equity instruments to

a creditor of the entity to extinguish all or part of the

financial liability?

Has the entity renegotiated the terms of a financial liability

with the result that the entity is issuing equity instruments to

a creditor of the entity to extinguish all or part of the

financial liability?

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Summary of IFRS Presentation/Disclosure Tailoring Questions


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IFRS 1

Yes IFRS1A

IFRS 2

Yes IFRS2A

IFRS 3

IFRS3A

IFRS3B

IFRS 4

Yes IFRS4

IFRS 5

Yes IFRS5

IFRS5A

Did the entity have any non-current assets or disposal groups

held for sale, or discontinued operations, during the current

period or after the reporting period?

Did the entity have any non-current assets or disposal groups

held for sale?

Did the entity have any share-based payment arrangements

in the scope of IFRS 2?

Business Combinations

Is the acquisition date of a business combination after the

end of the reporting period but before the financial

statements are authorised for issue?

Insurance Contracts

Did the entity issue any insurance contracts (including

reinsurance contracts) or hold any reinsurance contracts?

Non-current Assets Held for Sale and Discontinued Operations

Has the entity entered into a business combination during thecurrent or prior reporting period?

y / g Q

First-time Adoption of International Financial Reporting Standards

Is the entity a first-time adopter in terms of IFRS 1 in the

current period?

Share-based Payment

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IFRS5BDid the entity have any discontinued operations?


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IFRS5C

IFRS5D

IFRS 6

Yes IFRS6A

IFRS 7

Yes IFRS7A

IFRS 7

(amended) Yes IFRS7A

IFRS 8

IFRS8A

Does the entity have any financial instruments?

Financial Instruments: Disclosures (entity has adopted IFRS 9)

Does the entity have any financial instruments?

Operating SegmentsDoes the entity :

(a) have a debt or equity instruments that are traded in a

public market (for example, a domestic or foreign stock

exchange or an over-the counter market); or

Did the entity sell any non-current assets or disposal groups

during the reporting period?

Are the criteria in paragraphs 7 and 8 of IFRS 5 for

classification as held for sale met after the reporting periodbut before the authorisation of the financial statements for

issue?

Exploration for and Evaluation of Mineral Resources

Has the entity incurred expenditure related to exploration

and evaluation of mineral resources?

Financial Instruments: Disclosures (entity has not yet adopted IFRS 9)

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IFRS8A(b) file or is in the process of filing, its (consolidated)

financial statements with a securities commission or other


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IFRS8A

IFRS 9(2009)

Yes IFRS9A

IFRS 9(2010)

IFRS9A

IFRS39A

IFRS 10

IFRS10A

IFRS10B

IFRS 11

Is the entity applying IFRS 10 prior to its annual period


Is the entity applying IFRS 10 for the first time?


Has the entity applied IFRS 9 (and the amendments to other

IFRSs listed in Appendix C of IFRS 9) for a period beginning

before 1 January 2013?

Did the entity implement any fair value hedges of the interest

rate exposure of a portion of a portfolio of financial assets or

financial liabilities?

Consolidated Financial Statements

Has the entity applied IFRS 9 (and the amendments to other

IFRSs listed in Appendix C of IFRS 9) for a period beginning

before 1 January 2013?

financial statements with a securities commission or other

regulatory organisation for the purpose of issuing any class of

instruments in a public market; or

(c) choose to disclose voluntary information about segments

that is described as segment information.


Joint Arrangements

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IFRS11AHas the entity transitioned from proportionate consolidation

method to equity method while accounting for joint


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IFRS11B

IFRS11C

IFRS 12

Yes IFRS12A

IFRS 13

IFRS13A

IFRS13A

IAS 1

IAS1A

Presentation of Financial Statements

Does the entity present an income statement?

Does the entity have any interests in other entities, for

example, subsidiaries, joint arrangements (i.e., joint

operations or joint ventures), associates or unconsolidated

structured entities?

Fair Value Measurement

Does the entity have assets and liabilities that are measured

at fair value on a recurring or non-recurring basis in the

statement of financial position after initial recognition?

Does the entity have assets and liabilities not measured at

fair value in the statement of financial position but for which

the fair value is disclosed?

method to equity method, while accounting for joint

ventures?

Has the entity transitioned from the equity method to

accounting for assets and liabilities?

Was the entity previously accounting in separate financial

statements?

Disclosures of Interests in Other Entities

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IAS1BDoes management, in extremely rare circumstances,

conclude that compliance with a requirement in an IFRS


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IAS1C

IAS1D

IAS1E

IAS1F

IAS1G

IAS1H

IAS1I

IAS 2

conclude that compliance with a requirement in an IFRS

would be so misleading that it would conflict with the

objective of financial statements set out in the Framework?

Did the entity hold a puttable financial instrument or an

instrument that imposes on the entity some obligations

arising on liquidation?

Has the entity departed from a requirement of an IFRS in aprior period, and does that departure affect the amounts

recognised in the financial statements for the current period?

Is management aware, in making its assessment of the

entity's ability to continue as a going concern, of material

uncertainties related to events or conditions that may cast

significant doubt upon the entitys ability to continue as a

going concern?

Did the entity change the end of its reporting period and are

the financial statements presented for a period longer orshorter than one year?

Has the presentation or classification of items in the financial

statements been changed?

Does a presentation based on liquidity provide information

that is reliable and more relevant than presentation on a

current/non-current basis?

Did the entity breach a provision of a long-term loan

agreement on or before the end of the reporting period with

the effect that the liability becomes payable on demand?

Inventories

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Yes IAS2ADid the entity have inventories?


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IAS 7

IAS7A

IAS7B

IAS7C

IAS 8

IAS8A

IAS8B

IAS8C

IAS8D

IAS8E

IAS 10

Statement of Cash Flows

Did the entity have any cash flows arising from aninvestment in an associate or a subsidiary accounted by the

use of the equity or cost method (e.g. dividends or

advances)?

Did the entity have any cash flows arising from an

investment in a jointly controlled entity accounted for by the

use of the proportionate consolidation or equity method ?

Did the entity have any cash flows arising from changes in

ownership interests in subsidiaries and other businesses?

Accounting Policies, Changes in Accounting Estimates and Errors

Did the entity change any accounting policies during the

reporting period due to the initial application of a standard?

Did the entity voluntarily change any accounting policies

during the reporting period?

Has the entity not applied a new IFRS that has been issuedbut is not yet effective?

Did the entity change any accounting estimate that has an

effect on the current or future reporting periods?

Did the entity discover any prior period errors?

Events after the Reporting Period

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IAS10AAre dividends declared (i.e. the dividends are appropriately

authorised and are no longer at the discretion of the entity)


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IAS10B

IAS10C

IAS 11

Yes IAS11A

IAS 12

IAS12A

IAS12B

IAS12C

IAS 16

IAS16A

after the reporting period but before the financial statements

are authorised for issue?

Has the entity received information after the reporting period

about conditions that existed at the end of the reportingperiod?

Have any non-adjusting events occurred after the reporting

period but before the financial statements are authorised for

issue?

Construction Contracts

Did the entity have any construction contracts, for which it is

the contractor?

Income Taxes

Did the entity have any deferred tax assets?

Is the entity subject to income tax in a jurisdiction whereby

income taxes are payable at a higher or lower rate, or may

be refundable or payable, if part or all of the net profit or

retained earnings is paid out as a dividend?

Are changes in tax rates or tax laws enacted or announcedafter the reporting period?

Property, Plant and Equipment

Did the entity hold or acquire any property, plant or

equipment?

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IAS16BDoes the entity have any obligations to dismantle, remove

and restore items of property, plant and equipment


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IAS 17

IAS17A

IAS17B

IAS17C

IAS17D

IAS17E

IAS17F

IAS17G

IAS 18

(commonly referred to as decommissioning, restoration and

similar liabilities)?

Leases

Did the entity hold any assets under finance leases (i.e. the

entity is a lessee under a finance lease)?

Is the entity a lessee under any operating lease?

Is the entity a lessor under any finance lease?

Did the entity hold any assets which are leased out under

operating leases (i.e. the entity is a lessor under an operatinglease)?

Are any of the arrangements where the entity is acting as a

lessor or a lessee (either under any operating lease or under

a financing lease) sale and leaseback arrangements?

Did the entity enter into an arrangement, comprising a

transaction or a series of related transactions, that does not

take the legal form of a lease but that conveys a right to use

an asset (e.g. an item of property, plant or equipment) in

return for a payment or series of payments?

Did the entity have any arrangements that have a legal form

of a lease but that do not, in substance, involve a lease under

IAS 17?

Revenue

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IAS18A

IAS18C

Did the entity recognise any revenue?

D th tit t i t t f th t ti f


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IAS18C

IAS 19

IAS19A

IAS19B

IAS19C

IAS19D

IAS19E

IFRS 19(2011)

IAS19A

IAS19B

IAS19C

IAS19D

Did the entity participate in any defined benefit plans for post-

employment benefits?

Did the entity participate in any defined contributions plans

for post-employment benefits?

Does the entity enter into agreements for the construction of

real estate?

Employee Benefits

Did the entity provide any short-term employee benefits?

Did the entity participate in any defined benefit plans for post-

employment benefits?

Did the entity participate in any defined contributions plans

for post-employment benefits?

Did the entity provide any other long-term employeebenefits?

Did the entity offer or grant any termination benefits?

Did the entity provide any other long-term employee

benefits?

Employee Benefits

Did the entity provide any short-term employee benefits?

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IAS19EDid the entity offer or grant any termination benefits?


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IAS 20

IAS20A

IAS20B

IAS 21

IAS21A

IAS21A

IAS21A

IAS 23

IAS23A

IAS 24

IAS24A

IAS24B

Accounting for Government Grants and Disclosure of Government Assistance

Did the entity receive any government grants?

Did the ent

Documents

International Financial Reporting Standard Checklist