Effective

PFRS Title Date

First-time Adoption of Philippine Financial Reporting Standards [superseded by
PFRS 1 PFRS 1 (Revised)] 01/01/05
Amendments to PFRS 1: Cost of an Investment in a Subsidiary, Jointly
Controlled Entity or Associate 01/01/09
PFRS 1
(Revised) First-time Adoption of Philippine Financial Reporting Standards 07/01/09
Amendments to PFRS 1: Additional Exemptions for First-time Adopters 01/01/10
Amendment to PFRS 1: Limited Exemption from Comparative PFRS 7
Disclosures for First-time Adopters 07/01/10
Amendments to PFRS 1: Severe Hyperinflation and Removal of Fixed Date for
First-time Adopters 07/01/11
Amendments to PFRS 1: Government Loans 01/01/13*
PFRS 2 Share-based Payment 01/01/05
Amendments to PFRS 2: Vesting Conditions and Cancellations 01/01/09
Amendments to PFRS 2: Group Cash-settled Share-based Payment
Transactions 01/01/10
PFRS 3 Business Combinations [superseded by PFRS 3 (Revised)] 01/01/05
PFRS 3 (Revised)Business Combinations 07/01/09
PFRS 4 Insurance Contracts 01/01/05
Amendments to PFRS 4: Financial Guarantee Contracts 01/01/06
PFRS 5 Non-current Assets Held for Sale and Discontinued Operations 01/01/05
PFRS 6 Exploration for and Evaluation of Mineral Resources 01/01/06
PFRS 7 Financial Instruments: Disclosures 01/01/07
Amendments to PFRS 7: Transition 01/01/07
Amendments to PFRS 7: Reclassification of Financial Assets 07/01/08
Amendments to PFRS 7: Reclassification of Financial Assets - Effective Date
and Transition 07/01/08
Amendments to PFRS 7: Improving Disclosures about Financial Instruments 01/01/09
Amendments to PFRS 7: Disclosures - Transfers of Financial Assets 07/01/11
Amendments to PFRS 7: Disclosures - Offsetting Financial Assets and Financial
Liabilities 01/01/13*
Amendments to PFRS 7: Mandatory Effective Date of PFRS 9 and Transition
Disclosures 01/01/15*
PFRS 8 Operating Segments 01/01/09
PFRS 9 Financial Instruments 01/01/15
Amendments to PFRS 9: Mandatory Effective Date of PFRS 9 and Transition
Disclosures 01/01/15*
PFRS 10 Consolidated Financial Statements 01/01/13*
Amendments to PFRS 10: Transition Guidance 01/01/13*
Amendments to PFRS 10: Investment Entities 01/01/14*
PFRS 11 Joint Arrangements 01/01/13*
 Amendments to PFRS 11: Transition Guidance 01/01/13*
PFRS 12 Disclosure of Interests in Other Entities 01/01/13*
Amendments to PFRS 12: Transition Guidance 01/01/13*
Amendments to PFRS 12: Investment Entities 01/01/14*
PFRS 13 Fair Value Measurement 01/01/13*

Philippine Accounting Standards (PASs)

Effective
PAS Title Date
PAS 1 Presentation of Financial Statements [superseded by PAS 1 (Revised)] 01/01/05
Amendment to PAS 1: Capital Disclosures 01/01/07
PAS 1 (Revised) Presentation of Financial Statements 01/01/09
Amendments to PAS 1: Puttable Financial Instruments and Obligations Arising
on Liquidation 01/01/09
Amendments to PAS 1: Presentation of Items of Other Comprehensive Income 07/01/12*
PAS 2 Inventories 01/01/05
PAS 7 Statement of Cash Flows 1
01/01/05
PAS 8 Accounting Policies, Changes in Accounting Estimates and Errors 01/01/05
PAS 10 Events after the Reporting Period 2
01/01/05
PAS 11 Construction Contracts 01/01/05
PAS 12 Income Taxes 01/01/05
Amendments to PAS 12 - Deferred Tax: Recovery of Underlying Assets 01/01/12
PAS 14 Segment Reporting [superseded by PFRS 8] 01/01/05
PAS 16 Property, Plant and Equipment 01/01/05
PAS 17 Leases 01/01/05
PAS 18 Revenue 01/01/05
PAS 19 Employee Benefits [superseded by PAS 19 (Amended)] 01/01/05
Amendments to PAS 19: Actuarial Gains and Losses, Group Plans and
Disclosures [superseded by PAS 19 (Amended)] 01/01/06
PAS 19 (Amended)Employee Benefits 01/01/13*
PAS 20 Accounting for Government Grants and Disclosure of Government Assistance 01/01/05
PAS 21 The Effects of Changes in Foreign Exchange Rates 01/01/05
Amendment: Net Investment in a Foreign Operation 01/01/06
PAS 23 Borrowing Costs [superseded by PAS 23 (Revised)] 01/01/05
PAS 23 (Revised) Borrowing Costs 01/01/09
PAS 24 Related Party Disclosures [superseded by PAS 24 (Revised)] 01/01/05
PAS 24 (Revised) Related Party Disclosures 01/01/11
PAS 26 Accounting and Reporting by Retirement Benefit Plans 01/01/05
Consolidated and Separate Financial Statements [superseded by PAS 27
PAS 27 (Revised)] 01/01/05
Consolidated and Separate Financial Statements [superseded by PAS 27
PAS 27 (Revised) (Amended)] 07/01/09
 Amendments to PAS 27: Cost of an Investment in a Subsidiary, Jointly
Controlled Entity or Associate[superseded by PAS 27 (Amended)] 01/01/09
PAS 27 (Amended)Separate Financial Statements 01/01/13*
Amendments to PAS 27 (Amended): Investment Entities 01/01/14*
PAS 28 Investments in Associates [superseded by PAS 28 (Amended)] 01/01/05
PAS 28 (Amended)Investments in Associates and Joint Ventures 01/01/13*
PAS 29 Financial Reporting in Hyperinflationary Economies 01/01/05
Disclosures in the Financial Statements of Banks and Similar Financial
PAS 30 Institutions [superseded by PFRS 7] 01/01/05
PAS 31 Interests in Joint Ventures [superseded by PFRS 11] 01/01/05
PAS 32 Financial Instruments: Disclosure and Presentation 01/01/05
Financial Instruments: Presentation 01/01/07
Amendments to PAS 32: Puttable Financial Instruments and Obligations Arising
on Liquidation 01/01/09
Amendment to PAS 32: Classification of Rights Issues 02/01/10
Amendments to PAS 32: Offsetting Financial Assets and Financial Liabilities 01/01/14*
PAS 33 Earnings per Share 01/01/05
PAS 34 Interim Financial Reporting 01/01/05
PAS 36 Impairment of Assets 01/01/05
Amendments to PAS 36: Recoverable Amount Disclosures for Non-Financial
Assets 01/01/14*
PAS 37 Provisions, Contingent Liabilities and Contingent Assets 01/01/05
PAS 38 Intangible Assets 01/01/05
PAS 39 Financial Instruments: Recognition and Measurement 01/01/05
Amendments to PAS 39: Transition and Initial Recognition of Financial Assets
and Financial Liabilities 01/01/05
Amendments to PAS 39: Cash Flow Hedge Accounting of Forecast Intragroup
Transactions 01/01/06
Amendments to PAS 39: The Fair Value Option 01/01/06
Amendments to PAS 39: Financial Guarantee Contracts 01/01/06
Amendments to PAS 39: Reclassification of Financial Assets 07/01/08
Amendments to PAS 39: Reclassification of Financial Assets - Effective Date
and Transition 07/01/08
Amendments to PAS 39: Embedded Derivatives 06/30/09
Amendment to PAS 39: Eligible Hedged Items 07/01/09
PAS 40 Investment Property 01/01/05
PAS 41 Agriculture 01/01/05
Financial Reporting Standards for Non-publicly Accountable
PAS 101 Entities [superseded by PFRS for SMEs] 01/01/05
Amendment to PAS 101: Change in Effective Date [superseded by PFRS for
SMEs]