Page 69 - Annual_Report_2016
P. 69
aia.gr Annual Report 2016
IAS 27 (Amendment) “Separate financial statements”
This amendment allows entities to use the equity method to account for investments in subsidiaries, joint
ventures and associates in their separate financial statements and clarifies the definition of separate financial
statements.
IAS 1 (Amendments) “Disclosure initiative”
These amendments clarify guidance in IAS 1 on materiality and aggregation, the presentation of subtotals, the
structure of financial statements and the disclosure of accounting policies.
IFRS 10, IFRS 12 and IAS 28 (Amendments) “Investment entities: Applying the consolidation exception”
These amendments clarify the application of the consolidation exception for investment entities and their
subsidiaries.
Annual Improvements to IFRSs 2012
The amendments set out below describe the key changes to certain IFRSs following the publication of the
results of the IASB’s 2010-12 cycle of the annual improvements project.
IFRS 2 “Share-based payment”
The amendment clarifies the definition of a ‘vesting condition’ and separately defines ‘performance condition’
and ‘service condition’.
IFRS 3 “Business combinations”
The amendment clarifies that an obligation to pay contingent consideration which meets the definition of
a financial instrument is classified as a financial liability or as equity, on the basis of the definitions in IAS
32 “Financial instruments: Presentation”. It also clarifies that all non-equity contingent consideration, both
financial and non-financial, is measured at fair value through profit or loss.
IFRS 8 “Operating segments”
The amendment requires disclosure of the judgements made by management in aggregating operating
segments.
IFRS 13 “Fair value measurement”
The amendment clarifies that the standard does not remove the ability to measure short-term receivables
and payables at invoice amounts in cases where the impact of not discounting is immaterial.
IAS 16 “Property, plant and equipment” and IAS 38 “Intangible assets”
Both standards are amended to clarify how the gross carrying amount and the accumulated depreciation
are treated where an entity uses the revaluation model.
IAS 24 “Related party disclosures”
The standard is amended to include, as a related party, an entity that provides key management personnel
services to the reporting entity or to the parent of the reporting entity.
Annual Improvements to IFRSs 2014
The amendments set out below describe the key changes to four IFRSs.
IFRS 5 “Non-current assets held for sale and discontinued operations”
The amendment clarifies that, when an asset (or disposal group) is reclassified from ‘held for sale’ to ‘held
for distribution’, or vice versa, this does not constitute a change to a plan of sale or distribution, and does
not have to be accounted for as such.
Financial Statements as at 31 December 2016 (Amounts in Euros unless otherwise stated)
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IAS 27 (Amendment) “Separate financial statements”
This amendment allows entities to use the equity method to account for investments in subsidiaries, joint
ventures and associates in their separate financial statements and clarifies the definition of separate financial
statements.
IAS 1 (Amendments) “Disclosure initiative”
These amendments clarify guidance in IAS 1 on materiality and aggregation, the presentation of subtotals, the
structure of financial statements and the disclosure of accounting policies.
IFRS 10, IFRS 12 and IAS 28 (Amendments) “Investment entities: Applying the consolidation exception”
These amendments clarify the application of the consolidation exception for investment entities and their
subsidiaries.
Annual Improvements to IFRSs 2012
The amendments set out below describe the key changes to certain IFRSs following the publication of the
results of the IASB’s 2010-12 cycle of the annual improvements project.
IFRS 2 “Share-based payment”
The amendment clarifies the definition of a ‘vesting condition’ and separately defines ‘performance condition’
and ‘service condition’.
IFRS 3 “Business combinations”
The amendment clarifies that an obligation to pay contingent consideration which meets the definition of
a financial instrument is classified as a financial liability or as equity, on the basis of the definitions in IAS
32 “Financial instruments: Presentation”. It also clarifies that all non-equity contingent consideration, both
financial and non-financial, is measured at fair value through profit or loss.
IFRS 8 “Operating segments”
The amendment requires disclosure of the judgements made by management in aggregating operating
segments.
IFRS 13 “Fair value measurement”
The amendment clarifies that the standard does not remove the ability to measure short-term receivables
and payables at invoice amounts in cases where the impact of not discounting is immaterial.
IAS 16 “Property, plant and equipment” and IAS 38 “Intangible assets”
Both standards are amended to clarify how the gross carrying amount and the accumulated depreciation
are treated where an entity uses the revaluation model.
IAS 24 “Related party disclosures”
The standard is amended to include, as a related party, an entity that provides key management personnel
services to the reporting entity or to the parent of the reporting entity.
Annual Improvements to IFRSs 2014
The amendments set out below describe the key changes to four IFRSs.
IFRS 5 “Non-current assets held for sale and discontinued operations”
The amendment clarifies that, when an asset (or disposal group) is reclassified from ‘held for sale’ to ‘held
for distribution’, or vice versa, this does not constitute a change to a plan of sale or distribution, and does
not have to be accounted for as such.
Financial Statements as at 31 December 2016 (Amounts in Euros unless otherwise stated)
22 of 57
