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ANNUAL REPORT 2011
IFRS 7 (amendment),
“Disclosure -
compensation of financial assets and liabilities”
(to apply for the financial years beginning
on or after 1 January 2013). This standard
is still subject to adoption by the European
Union. This amendment is part of the project
of “compensation of assets and liabilities”
of the IASB and introduces new disclosure
requirements on unaccounted paid duties
(of assets and liabilities), on offset assets and
liabilities and on remunerate risk exposure
credit effect. The entity will apply the IFRS 7 in
the year in which it becomes effective.
IAS 32 (amendment)
“Offset of financial
assets and liabilities” (to apply for the financial
years beginning on or after 1 January 2014).
This standard is still subject to adoption by
the European Union. This amendment is part
of the project of “compensation of assets and
liabilities” of the IASB which clarifies the term
“currently holds the legal right to compensation”
and clarifies that in some systems the gross
settlement (clearing) may be equivalent to the
compensation by net amounts The entity will
apply the IAS 32 in the year in which it becomes
effective.