INTERNATIONAL FINANCIAL REPORTING STANDARDS CHECKLIST

Answer : Yes / Complied: Yes /

Summary of IFRS Presentation/Disclosure Checklist No No/ N.A
Date & Initial

IFRS 1 - First-time Adoption of International Financial Reporting Standards

Is the entity a first-time adopter in terms of IFRS 1 in the current period? IFRS1A

IFRS 2 - Share-based Payment

Did the entity have any share-based payment arrangements in the scope of IFRS 2? IFRS2A

IFRS 3 - Business Combinations

Has the entity entered into a business combination during the current or prior reporting period? IFRS3A

Is the acquisition date of a business combination after the end of the reporting period but before the financial
statements are authorised for issue?
IFRS3B
IFRS 4 - Insurance Contracts
Did the entity issue any insurance contracts (including reinsurance contracts) or hold any reinsurance
contracts?
IFRS4

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

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?
IFRS5
Did the entity have any non-current assets or disposal groups held for sale? IFRS5A
Did the entity have any discontinued operations? IFRS5B
Did the entity sell any non-current assets or disposal groups during the reporting period? IFRS5C

Are the criteria in paragraphs 7 and 8 of IFRS 5 for classification as held for sale met after the reporting period
but before the authorisation of the financial statements for issue?
IFRS5D

IFRS 6 - Exploration for and Evaluation of Mineral Resources

Has the entity incurred expenditure related to exploration and evaluation of mineral resources? IFRS6A

IFRS 7 - Financial Instruments: Disclosures (entity has not yet adopted IFRS 9)
Does the entity have any financial instruments? IFRS7A
IFRS 7 - Financial Instruments: Disclosures (entity has adopted IFRS 9)
Does the entity have any financial instruments? IFRS7A
Is the entity applying IFRS 9 for the first time? IFRS7B
IFRS 8 - Operating Segments
Does 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
IFRS8A

(b) file or is in the process of filing, its (consolidated) financial statements with a securities commission or other
regulatory organisation for the purpose of issuing any class of instruments in a public market; or
IFRS8A

(c) choose to disclose voluntary information about segments that is described as segment information. IFRS8A

IFRS 9 - Financial Instruments

Does the entity have financial assets and / or financial liabilities that are within the scope of IFRS9? IFRS9A
Has the entity derecognised any financial assets? IFRS9B
Has the entity transferred any financial assets? IFRS9C
Has the entity derecognised any financial liabilities? IFRS9D
Has the entity designated financial assets at fair value through profit or loss? IFRS9F
Has the entity designated financial liabilities at fair value through profit or loss? IFRS9G
Does the entity have a hybrid contract with the effect that some of the cash flows of the combined instrument
vary in a way similar to a standalone derivative?
IFRS9H
Has the entity reclassified financial instruments? IFRS9J
Does the entity have financial instruments carried at amortised cost? IFRS9Q
Does the entity have a financial asset that is measured in accordance with paragraphs 4.1.2 or 4.1.2A, a lease
receivable, a contract asset or a loan commitment and a financial guarantee contract to which the impairment IFRS9K
requirements apply?
Has the entity got financial assets which are equity instruments? IFRS9M
Has the entity got financial liabilities which are designated as at fair value through profit or loss? IFRS9L
Does the entity have financial instruments measured at fair value through other comprehensive income in
accordance with paragraph 4.1.2A?
IFRS9O
Has the entity applied the hedge accounting requirements under IFRS 9? IFRS9I
INTERNATIONAL FINANCIAL REPORTING STANDARDS CHECKLIST
Answer : Yes / Complied: Yes /
Summary of IFRS Presentation/Disclosure Checklist No No/ N.A
Date & Initial

IFRS 10 - Consolidated Financial Statements

Has the entity applied the Investment Entities and Investment Entities: Applying the Consolidation Exception
amendments?
IFRS10A

IFRS 12 - Disclosures of Interests in Other Entities

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?
IFRS12A

IFRS 13 - Fair Value Measurement

Does the entity have assets or liabilities that are measured at fair value on a recurring or non-recurring basis in
the statement of financial position after initial recognition?
IFRS13A

Does the entity have assets or liabilities not measured at fair value in the statement of financial position but for
which the fair value is disclosed?
IFRS13B

IFRS 14 - Regulatory Deferral Accounts

Is the entity applying IFRS 14? IFRS14A
IFRS 15 - Revenue from Contracts with Customers
Is the entity applying IFRS15 for the first time? IFRS15A
Has the entity identified a contract with a customer as defined in IFRS 15? IFRS15B
Does the entity have a contract in which a customer may return a defective product in exchange for a
functioning product?
IFRS15C
Does the entity grant a customer the option to acquire additional goods or services as a result of a contract
with a customer?
IFRS15D
Is another party involved in providing goods or services to a customer? IFRS15E
Does the entity charge a customer a non-refundable upfront fee at or near contract inception? IFRS15F
Has the entity transferred control of a product to a customer and also granted the customer the right to return
the product for various reasons (such as dissatisfaction with the product) and receive any combination of the
following:
a) a full or partial refund of any consideration paid;
IFRS15G
b) a credit that can be applied against amounts owed, or that will be owed, to the entity; and
c) another product in exchange?
Has the entity received a prepayment from a customer? IFRS15H
Has the entity entered into a repurchase agreement with its customer? IFRS15I
Has the entity entered into a consignment arrangement with its customer? IFRS15J
Has the entity entered into a Bill and hold arrangement with its customer? IFRS15K
Have any of the contracts been modified? IFRS15L
Has the entity granted a license to a customer? IFRS15M
Has the entity incurred in costs to obtain a contract with a customer that it would not have incurred if the
contract had not been obtained (for example, a sales commission)?
IFRS15N
IFRS 16 - Leases
Is the entity applying IFRS16 for the first time? IFRS16A
Has the entity elected to apply the optional recognition exemption related to short-term leases? IFRS16B
Has the entity elected to apply the optional recognition exemption related to leases of low value? IFRS16C
Does the entity have a contract that may be a lease or may contain a lease? IFRS16D
Have any of the terms and conditions of the contract changed? IFRS16E
Does the contract include lease and non-lease components? IFRS16F
Is the entity a lessee? IFRS16G
Has there been a change in the lease term as described in paragraphs 20–21? IFRS16H
Has there been a lease modification? IFRS16I
Has the entity obtained legal title to an underlying asset before that legal title was transferred to the lessor and
the asset is leased to the lessee?
IFRS16J
Is the entity a lessor? IFRS16K
Has the entity entered into a sale and leaseback transaction? IFRS16L
Has the entity elected to apply the practical expedient to apply this Standard to a portfolio of leases with similar
characteristics ?
IFRS16M
Has the entity combined two or more contracts entered into at or near the same time with the same
counterparty (or related parties of the counterparty)?
IFRS16N
INTERNATIONAL FINANCIAL REPORTING STANDARDS CHECKLIST
Answer : Yes / Complied: Yes /
Summary of IFRS Presentation/Disclosure Checklist No No/ N.A
Date & Initial

IAS 1 - Presentation of Financial Statements

Does management, in extremely rare circumstances, 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 Conceptual IAS1B
Framework for Financial Reporting?

Has the entity departed from a requirement of an IFRS in a prior period, and does that departure affect the
amounts recognised in the financial statements for the current period?
IAS1C

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 entity’s ability to IAS1D
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 or shorter than one year?
IAS1E

Has the entity applied an accounting policy retrospectively, made a retrospective restatement of items in its
financial statements, reclassified items in its financial statements or otherwise changed the presentation of IAS1F
items in its financial statements?
Does a presentation based on liquidity provide information that is reliable and more relevant than presentation
on a current/non-current basis?
IAS1G

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?
IAS1H

Did the entity hold a puttable financial instrument or an instrument that imposes on the entity some obligations
arising on liquidation?
IAS1I

IAS 2 - Inventories
Did the entity have inventories? IAS2A
IAS 7 - Statement of Cash Flows
Did the entity have any cash flows arising from an investment in an associate or a subsidiary accounted by the
use of the equity or cost method (e.g. dividends or advances)?
IAS7A

Did the entity have any cash flows arising from changes in ownership interests in subsidiaries and other
businesses?
IAS7C

IAS 8 - 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?
IAS8A

Did the entity voluntarily change any accounting policies during the reporting period? IAS8B

Has the entity not applied a new IFRS that has been issued but is not yet effective? IAS8C

Did the entity change any accounting estimate that has an effect on the current or future reporting periods? IAS8D

Did the entity discover any prior period errors? IAS8E

Has the entity applied IFRSs in a previous reporting period but did not, in its most recent previous annual
financial statements, provide an explicit unreserved statement of compliance with IFRSs?
IAS8F

IAS 10 - Events after the Reporting Period

Are dividends declared (i.e. the dividends are appropriately authorised and are no longer at the discretion of
the entity) after the reporting period but before the financial statements are authorised for issue?
IAS10A

Has the entity received information after the reporting period about conditions that existed at the end of the
reporting period?
IAS10B

Have any non-adjusting events occurred after the reporting period but before the financial statements are
authorised for issue?
IAS10C

IAS 12 - Income Taxes

Did the entity have any deferred tax assets? IAS12A
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?
IAS12B
Are changes in tax rates or tax laws enacted or announced after the reporting period? IAS12C
INTERNATIONAL FINANCIAL REPORTING STANDARDS CHECKLIST
Answer : Yes / Complied: Yes /
Summary of IFRS Presentation/Disclosure Checklist No No/ N.A
Date & Initial

IAS 16 - Property, Plant and Equipment

Did the entity hold or acquire any property, plant or equipment? IAS16A

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’)?
IAS16B

Does the entity enter into agreements for the construction of real estate? IAS18C

IAS 19 - Employee Benefits

Did the entity provide any short-term employee benefits? IAS19A
Did the entity participate in any defined benefit plans for post-employment benefits? IAS19B

Did the entity participate in any defined contributions plans for post-employment benefits? IAS19C

Did the entity provide any other long-term employee benefits? IAS19D
Did the entity offer or grant any termination benefits? IAS19E
IAS 20 - Accounting for Government Grants and Disclosure of Government Assistance
Did the entity receive any government grants? IAS20A
Did the entity receive any government assistance (including government grants)? IAS20B

IAS 21 - The Effects of Changes in Foreign Exchange Rates

Did the entity :
- have transactions or balances in foreign currencies; IAS21A
- have any foreign operations; or IAS21A
- present its financial statements in a foreign currency? IAS21A
IAS 23 - Borrowing Costs
Did the entity incur any borrowing costs? IAS23A
IAS 24 - Related Party Disclosures
Is the entity controlled by another entity or an individual? IAS24A
Did the entity have any related party transactions and outstanding balances with related parties, including
compensation for its key management personnel?
IAS24B

Is the entity exempt from the disclosure requirements of related party transactions with the government? IAS24C

IAS 27 - Separate Financial Statements

Has the parent, in accordance with paragraph 4(a) of IFRS 10, elected not to prepare consolidated financial
statements and instead prepares separate financial statements?
IAS27A

Is the parent an investment entity (as defined by IFRS 10)? IAS27B

When a parent (other than a parent covered by paragraph 16 - 16A) or an investor with joint control of, or
significant influence over, an investee prepares separate financial statements, has the parent or investor
identified the financial statements prepared in accordance with IFRS 10, IFRS 11 or IAS 28 (as amended in
IAS27C
2011) to which they relate?
Is the entity applying Investment Entities for the first time ? IAS27D
IAS 28 - Investments in Associates and Joint Ventures
Are investments in associates or a joint venture accounted for using the equity method? IAS28A

IAS 29 - Financial Reporting in Hyperinflationary Economies

Has the parent entity, or any of its subsidiaries, associates or joint ventures in the consolidated financial
statements (if applicable), had a functional currency being the currency of a hyperinflationary economy?
IAS29

IAS 32 - Financial Instruments: Presentation

Did the entity issue a financial instrument? IAS32A
Did the entity recognise any interest, dividends, losses and gains related to a financial instruments or a compone IAS32B

Does the entity, being a co-operative (or other similar) entity, issue financial instruments, such as member's shar IAS32C

Does the entity have ordinary shares or potential ordinary shares that are publicly traded; or IAS33A
Is the entity in the process of issuing such shares; or IAS33A
Has the entity chosen to disclose earnings per share (EPS) information voluntarily? IAS33A
INTERNATIONAL FINANCIAL REPORTING STANDARDS CHECKLIST
Answer : Yes / Complied: Yes /
Summary of IFRS Presentation/Disclosure Checklist No No/ N.A
Date & Initial

IAS 34 - Interim Financial Reporting

Did the entity publish any financial interim reports? IAS34A
IAS 36 - Impairment of Assets
Did the entity recognise any impairment losses, or reversals of impairment losses, during the period on assets w IAS36A

Did the entity have any goodwill or intangible assets with indefinite useful lives? IAS36B

IAS 37 - Provisions, Contingent Liabilities and Contingent Assets

Did the entity have any contingent assets or reimbursements? IAS37A
Did the entity have any provisions? IAS37B
Did the entity have any contingent liabilities? IAS37C
IAS 38 - Intangible Assets
Did the entity recognise any intangible assets on its balance sheet? IAS38A

IAS 40 - Investment Property

Does the entity have any investment property? IAS40A

IAS 41 - Agriculture
Did the entity:

- operate in agricultural or farming activities with respect to living plants or animals; or IAS41A

- own or control any biological assets? IAS41A

IFRIC 5 - Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds
Does the entity have any interests in decommissioning, restoration and environmental rehabilitation funds, where IFRIC5A

SIC 29 -Service Concession Arrangements: Disclosures

Was the entity an operator or a grantor under service concession arrangements? SIC29

IFRIC 17 - Distributions of Non-cash Assets to Owners [Effective 1 July 2009]

Has the entity distributed non-cash assets as dividends to its owners? IFRIC17A

IFRIC 19 - Extinguishing Financial Liabilities with Equity Instruments

Has the entity issued equity instruments to extinguish all or part of a financial liability? IFRIC19A