Consolidated Financial Statements
36. IFRS STANDARDS ALREADY ISSUED OR REVIEWED AND FOR
FUTURE APPLICATION
1.
The impact of the adoption of the amendments to standards that became effective as of
1st January 2016 is as follows:
STANDARDS:
a)
IAS 1 (amendment), ‘Disclosure initiative’. This amendment provides guidance on materia-
lity and aggregation, the presentation of subtotals, the structure of financial statements,
the disclosure of accounting policies and OCI items presentation when arising from invest-
ments measured at equity method. This standard had no impact on the entity.
b)
IAS 16 e IAS 38 (amendment), ‘Acceptable methods of depreciation and amortisation cal-
culation’. This amendment clarifies that the use of revenue-based methods to calculate the
depreciation / amortization of an asset is generally presumed to be an inappropriate basis
for measuring the consumption of the economic benefits embodied in an asset. It shall be
applied prospectively. This standard had no impact on the entity.
c)
IAS 16 e IAS 41 (amendment), ‘Agriculture: bearer plants’. This amendment defines the
concept of a bearer plant and removes it from the scope of IAS 41 – Agriculture, to the
scope of IAS 16 – Property, plant and equipment, with the consequential impact on mea-
surement. However, the produce growing on bearer plants will remain within the scope
of IAS 41 - Agriculture. This standard does not apply to the entity, which does not have
agriculture bearer plants.
d)
IAS 19 (amendment), ‘Defined benefit plans – Employee contributions’. This amendment
applies to contributions from employees or third parties to defined benefit plans and aims
to simplify the accounting when contributions are not associated to the number of years
of service. This standard does not apply to the entity, which does not have defined benefit
plans.
e)
IAS 27 (amendment), ‘Equity method in separate financial statements’. This amendment
allows entities to use equity method to measure investments in subsidiaries, joint ventures
and associates in separate financial statements. This amendment applies retrospectively.
This standard had no impact on the entity since it did not choose this method.
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