First-time Adoption of International Financial Reporting Standards This version includes amendments resulting from IFRSs issued up to 17 January 2008. IFRS 1 First-time Adoption of International Financial Reporting Standards was issued by the International Accounting Standards Board in June 2003. It replaced SIC-8 First-time Application of IASs as the Primary Basis of Accounting (issued by the Standing Interpretations Committee in July 1998) IFRS 1 and its accompanying documents have been amended by the following IFRSs: • • • • • • • • • • • • • • IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors (issued December. | IFRS 1 International Financial Reporting Standard 1 First-time Adoption of International Financial Reporting Standards This version includes amendments resulting from IFRSs issued up to 17 January 2008. IFRS 1 First-time Adoption of International Financial Reporting Standards was issued by the International Accounting Standards Board in June 2003. It replaced SIC-8 First-time Application of IASs as the Primary Basis of Accounting issued by the Standing Interpretations Committee in July 1998 IFRS 1 and its accompanying documents have been amended by the following IFRSs IAS 8 Accounting Policies Changes in Accounting Estimates and Errors issued December 2003 IAS 16 Property Plant and Equipment as revised in December 2003 IAS 17 Leases as revised in December 2003 IAS 21 The Effects of Changes in Foreign Exchange Rates as revised in December 2003 IAS 39 Financial Instruments Recognition and Measurement as revised in December 2003 IFRS 2 Share-based Payment issued February 2004 IFRS 3 Business Combinations issued March 2004 IFRS 4 Insurance Contracts issued March 2004 IFRS 5 Non-current Assets Held for Sale and Discontinued Operations issued March 2004 IFRIC 1 Changes in Existing Decommissioning Restoration and Similar Liabilities issued May 2004 IFRIC 4 Determining whether an Arrangement contains a Lease issued December 2004 IFRS 6 Exploration for and Evaluation of Mineral Resources issued December 2004 Amendment to IAS 19 Actuarial Gains and Losses Group Plans and Disclosures issued December 2004 Amendments to IAS 39 Transition and Initial Recognition of Financial Assets and Financial Liabilities issued December 2004 The Fair Value Option issued June 2005 Amendments to IFRS 1 and IFRS 6 issued June 2005 IFRS 7 Financial Instruments Disclosures issued August 2005 IFRS 8 Operating Segments issued November 2006 IFRIC 12 Service Concession Arrangements issued November 2006 IASCF 95 IFRS 1 IAS 23 Borrowing Costs as revised in March 2007 IAS 1 Presentation of Financial .
