Standards and interpretations issued but not yet effective
At the date of preparation of these consolidated financial statements, the most significant standards and interpre-
tations that had been published by the IASB but had not become effective, either because their effective date was
subsequent to the reporting date or because they had yet to be adopted by the European Union, are as follows:
Standards, amendments and interpretations
Mandatory application for
periods beginning on or after:
Endorsed for use in the EU
IFRS 10
Consolidated Financial Statements
1 January 2014
IFRS 11
Joint Arrangements
1 January 2014
IFRS 12
Disclosure of Interests in Other Entities
1 January 2014
Amendment to IAS 27
Separate Financial Statements
1 January 2014
Amendment to IAS 28
Investments in Associates and Joint Ventures
1 January 2014
Amendments to IFRS 10, IFRS 12
and IAS 27
Investment Entities
1 January 2014
Amendment to IAS 32 and IFRS 7 Financial Instruments: Presentation
1 January 2014
Amendment to IAS 36
Recoverable Amount Disclosures
for Non-Financial Assets
1 January 2014
Amendment to IAS 39
Financial Instruments – Novation of Derivatives
and Continuation of Hedge Accounting
1 January 2014
Not endorsed for use in the EU
IFRS 9
Financial Instruments
(and subsequent amendments)
-
Amendment to IAS 19
Defined Benefit Plans: Employee Contributions
1 July 2014
IFRIC interpretation
Levies
1 January 2014
- IFRS 1
Government Loans
(Amendment) : Amendment of IFRS 1
First-time Adoption of International Financial Reporting
Standards
to allow first-time adopters to apply the provisions of IAS 20
Accounting for Government Grants and Disclo-
sure of Government Assistance
applicable to existing IFRS preparers regarding government loans with a below-market
rate of interest. This amendment is mandatory for all annual periods beginning on or after 1 January 2013.
-
Improvements to IFRSs, 2009-2011 cycle
These improvements to the IFRSs imply minor changes and clarifications to IFRS 1
First-time Adoption of International
Financial Reporting Standards,
IAS 1
Presentation of Financial Statements
, IAS 32
Financial Instruments: Presentation
, IAS
16
Property, Plant and equipment
and IFRS 7
Offsetting Financial Assets and Financial Liabilities.
The amendments will be applied retrospectively for the periods beginning on or after 1 January 2013. Their applica-
tion is not expected to have a significant effect on the Group.
- IFRS 7
Offsetting Financial Assets and Financial Liabilities
(Amendment)
In December 2011, the IASB issued an amendment to IFRS 7
Disclosures – Offsetting Financial Assets and Financial
Liabilities.
The IASB also issued an amendment to IFRS 7
Financial Instruments: Disclosure.
The amendment to IFRS 7 requires
the disclosure of quantitative information on both recognised financial instruments that have been set off in the
balance sheet and on financial instruments subject to master netting arrangements, regardless of whether they
have been offset or not in the balance sheet. The amendment to IFRS 7 is mandatory for annual periods beginning
on or after 1 January 2013 and applied retrospectively.
73
Annual Accounts
Consolidated annual accounts and directors’report for the year ended 31 December 2013
Annual
Report 2013
BME
1...,63,64,65,66,67,68,69,70,71,72 74,75,76,77,78,79,80,81,82,83,...236