International Accounting Standard 10: Events after the reporting period

This version includes amendments resulting from IFRSs issued up to 31 December 2008. IAS 10 Events After the Balance Sheet Date was issued by the International Accounting Standards Committee in May 1999. It replaced those parts of IAS 10 Contingencies and Events Occurring After the Balance Sheet Date (originally issued June 1978, reformatted 1994) that were not replaced by IAS 37 (issued September 1998). | IAS 10 International Accounting Standard 10 Events after the Reporting Period This version includes amendments resulting from IFRSs issued up to 31 December 2008. IAS 10 Events After the Balance Sheet Date was issued by the International Accounting Standards Committee in May 1999. It replaced those parts of IAS 10 Contingencies and Events Occurring After the Balance Sheet Date (originally issued June 1978, reformatted 1994) that were not replaced by IAS 37 (issued September 1998). In April 2001 the International Accounting Standards Board (IASB) resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn. In December 2003 the IASB issued a revised IAS 10 with a modified title—Events after the Balance Sheet Date. IAS 10 was amended by the following IFRSs: • IFRS 5 Non-Current Assets Held for Sale and Discontinued Operations (issued March 2004) • IAS 1 Presentation of Financial Statements (revised September 2007)* • Improvements to IFRSs (issued May 2008)* • IFRIC 17 Distributions of Non-cash Assets to Owners (issued November 2008).† As a result of the changes in terminology made by IAS 1 in 2007, the title of IAS 10 was changed to Events after the Reporting Period. Apart from IFRIC 17 the following Interpretation refers to IAS 10: • SIC-7 Introduction of the Euro (issued May 1998 and subsequently amended). * effective date 1 January 2009 † effective date 1 July 2009 © IASCF 1053 IAS 10 CONTENTS paragraphs INTRODUCTION IN1–IN4 INTERNATIONAL ACCOUNTING STANDARD 10 EVENTS AFTER THE REPORTING PERIOD OBJECTIVE 1 SCOPE 2 DEFINITIONS 3–7 RECOGNITION AND MEASUREMENT 8–13 Adjusting events after the reporting period 8–9 Non-adjusting events after the reporting period 10–11 Dividends 12–13 GOING CONCERN 14–16 DISCLOSURE 17–22 Date of authorisation for issue 17–18 Updating disclosure about conditions at the end of the reporting .