Title First-time Adoption of Philippine Financial Reporting Standards[superseded Standards [superseded by PFRS 1 (Revised)]
1/1/2005
Amendments to PFRS 1 and PAS 27: Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate
1 /1 /2 0 0 9
First-time Adoption of Philippine Financial Reporting Standards Amendments to PFRS 1: Additional Exemptions for Firsttime Adopters Amendment to PFRS 1: Limited Exemption from Comparative PFRS 7 Disclosures for First-time Adopters Amendments to PFRS 1: Severe Hyperinflation and Removal of Fixed Date for First-time Adopters
PFRS 2
PFRS 3 PFRS 3 (Revised)
Date
Share-based Payment Amendments to PFRS 2: Vesting Conditions and Cancellations Amendments to PFRS 2: Group Cash-settled Sharebased Payment Transactions Business Combinations[superseded Combinations[superseded by PFRS 3 (Revised)]
Insurance Contracts Amendments to PAS 39 and PFRS 4: Financial Guarantee Contracts Non-current Assets Held for Sale and Discontinued Operations
PFRS 6
Exploration for and Evaluation of Mineral Resources
1/1/2006
PFRS 7
Financial Instruments: Disclosures
1/1/2007
Amendments to PFRS 7: Transition Amendments to PAS 39 and PFRS 7: Reclassification of Financial Assets
1/1/2007
PFRS 4
1 /1 /2 0 0 5
7/1/2008
Amendments to PAS 39 and PFRS 7: Reclassification of Fi Financi cia al Ass Asse ets - Ef Effect ctiive Da Date an and Tra Tran nsition Amendments to PFRS 7: Improving Disclosures about Financial Instruments Amendments to PFRS 7: Disclosures - Transfers of Financial Assets Amendments to PFRS 7: Disclosures - Offsetting Financial Assets and Financial Liabilities
01/01/13*
Amendments to PFRS 9 and PFRS 7: Mandatory Effe Ef fect ctiv ive e Dat Date e of of PFR PFRS S 9 and and Tr Tran ansi siti tion on Di Disc sclo losu sure res s
01/0 01 /01/ 1/15 15**
PFRS 8
Operating Segments
1/1/2009
PFRS 9
Financial Instruments
1 /1 /2 0 1 5
Amendments to PFRS 9 and PFRS 7: Mandatory Effe Ef fect ctiv ive e Dat Date e of of PFR PFRS S 9 and and Tr Tran ansi siti tion on Di Disc sclo losu sure res s
01/0 01 /01/ 1/15 15**
7 / 1 /2 0 0 8 1 /1 /2 0 0 9 7 / 1 /2 0 1 1
PFRS 10
Consolidated Financial Statements
01/01/13*
PFRS 11
Joint Arrangements
01/01/13*
PFRS 12
Disclosure of Interests in Other Entities
01/01/13*
PFRS 13
Fair Value Measurement
01/01/13*
Philippine Accounting Standards (PASs) Effective PAS
PAS 1 PAS 1 (Revised)
PAS 2 PAS 7 PAS 8
Date
Title
Presentation of Financial Statements [superseded by PAS 1 (Revised)]
1/1/2005
Amendment to PAS 1: Capital Disclosures
1 /1 /2 0 0 7
Presentation of Financial Statements
1 / 1 /2 0 0 9
Amendments to PAS 32 and PAS 1: Puttable Financial Inst In stru rume ment nts s an and d Ob Obli liga gattio ions ns Ar Aris isin ing g on Li Liqu quid idat atio ion n Amendments to PAS 1: Presentation of Items of Other Comprehensive Income
07/01/12*
Inventories
1/1/2005 1
Cash Flow Statements Accounting Policies, Changes in Accounting Estimates and Errors 2
1/1/ 1/ 1/20 2009 09
1/1/2005 1 / 1 /2 0 0 5
P A S 10
Events after the Balance Sheet Date
P A S 11
Construction Contracts
1 / 1 /2 0 0 5
P A S 12
Income Taxes Amendment to PAS 12 - Deferred Tax: Recovery of Underlying Assets
1 /1 /2 0 0 5 01/01/12*
PAS 14
Segment Reporting[superseded Reporting [superseded by PFRS 8]
1/1/2005
P A S 16
Property, Plant and Equipment
1 /1 / 2 0 0 5
P A S 17
Leases
1 /1 /2 0 0 5
P A S 18
Revenue
1/1/2005
P A S 19
Employee Benefits Amendments to PAS 19: Actuarial Gains and Losses, Group Plans and Disclosures
1/1/2005
PAS 19 (Amended)
1/1/2005
1/1/2006 01/01/13*
PAS 20
Employee Benefits Accounting for Government Grants and Disclosure of Government Assistance
P A S 21
The Effects of Changes in Foreign Exchange Rates
1 /1 /2 0 0 5
Amen Am endm dmen entt: Net Net Inv nves esttme ment nt in a For Forei eign gn Ope pera rati tion on
1/1/ 1/ 1/20 2006 06
Borrowing Costs[superseded Costs[superseded by PAS 23 (Revised)]
1/1/2005
Borrowing Costs Related Party Disclosures[superseded Disclosures [superseded by PAS 24 (Revised)]
1/1/2009
PAS 23 PAS 23 (Revised) PAS 24
1/1/2005
1/1/2005
PAS 24 (Revised)
Related Party Disclosures
1/1/2011
Accounting and Reporting by Retirement Benefit Plans Consolidated and Separate Financial Statements[superseded Statements [superseded by PAS 27 (revised)]
1 /1 / 2 0 0 5
Consolidated and Separate Financial Statements
7/1/2009
Amendments to PFRS 1 and PAS 27: Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate
1 /1 /2 0 0 9
Separate Financial Statements
01/01/13*
P A S 28 PAS 28 (Amended)
Investments in Associates
1 / 1 /2 0 0 5
Investments in Associates and Joint Ventures
01/01/13*
P A S 29
Financial Reporting in Hyperinflationary Economies
1/1/2005
PAS 30
Disclosures in the Financial Statements of Banks and Similar Financial Institutions [superseded by PFRS 7]
1/1/2005
P A S 31
Interests in Joint Ventures
1/1/2005
P A S 32
Financial Instruments: Disclosure and Presentation
1 /1 /2 0 0 5
Financial Instruments: Presentation
1/1/2007
Amendments to PAS 32 and PAS 1: Puttable Financial Inst In stru rume ment nts s an and d Ob Obli liga gattio ions ns Ar Aris isin ing g on Li Liqu quid idat atio ion n
1/1/ 1/ 1/20 2009 09
P A S 26 PAS 27 PAS 27 (Revised)
PAS 27 (Amended)
1/1/2005
Amendmen Amend mentt to to PAS PAS 32: Cl Class assif ifica icati tion on of Ri Righ ghts ts Is Issue sues s Amendments to PAS 32: Offsetting Financial Assets and Financial Liabilities
01/01/14*
P A S 33
Earnings per Share
1/1/2005
P A S 34
Interim Financial Reporting
1 / 1 /2 0 0 5
P A S 36
Impairment of Assets
1/1/2005
P A S 37
Prov oviisi sio ons, Contingent Li Liab abiilities and Contingent Ass sse ets
1 / 1 /2 0 0 5
P A S 38
Intangible Assets
1/1/2005
P A S 39
Financial Instruments: Recognition and Measurement
1 /1 /2 0 0 5
Amendments to PAS 39: Transition and Initial Recogni Reco gnitio tion n of Fin Financi ancial al Asset Assets s and and Finan Financial cial Lia Liabil biliti ities es Amendments to PAS 39: Cash Flow Hedge Accounting of Forecast Intragroup Transactions Amendments to PAS 39: The Fair Value Option Amendments to PAS 39 and PFRS 4: Financial Guarantee Contracts Amendments to PAS 39 and PFRS 7: Reclassification of Financial Assets Amendments to PAS 39 and PFRS 7: Reclassification of Financial Assets – Effective Date and Transition Amendments to Philippine Interpretation IFRIC–9 IFRIC–9 and PAS 39: Embedded Derivatives
Financial Reporting Standards for Non-publicly Accountable Entities[superseded Entities [superseded by PFRS for SMEs]
1/1/2005
Ame men ndme men nt to to PAS PAS 10 101 1: Ch Change in in Ef Effec ecttive Da Date
1 /1 / 2 0 0 5
1
As a result of the changes in terminology made by PAS 1 in 2007, the title of PAS 7 was changed toStatement to Statement of Cash Flows. 2
As a result of the changes in terminology made by PAS 1 in 2007, the title of PAS 10 was changed toEvents to Events after the Reporting Period . Period .
Annual Improvements to PFRSs
Effective Date
Improvements to PFRSs (Approved in 2008) 28, PAS 29, PAS 31, PAS 36, PAS 38, PAS 39, PAS 40, PAS 41
1/1/2009
Amendments to PFRS 5
7/1/2009
Improvements to PFRSs (Approved in 2009) Philippine Interpretation IFRIC–16
7/1/2009
39
1/1/2010
Amendment to PAS 18, Appendix
(N/A)
Improvements to PFRSs (Approved in 2010) PAS 21, PAS 28 and PAS 31 made as a result of PAS 27 (Revised)
