EFTA01367275.pdf

Amendment ::4 Page 846 of 868 Amyx/meats fo lAS 16 and LAS 38: Clarlficatlon of Acceptable Methods of Depreciation and ATOIIIIMIOI) The artendrneres clarify Ire principle in RS 16 and IAS 38 trot revenue reflects a pattern of mcnomc benefits that are generated from metering a business (of when the asset is pen) rather Than the economic benefits Wet are consumed through used the asset Asa resus a revenuehased melrod cannot te used to devecete PropertY, plant and equipment and may only be used in very limited carcunstances t0 amortize intangible assets The amend/nerds are effect we prospectively far annual periods begento on or after January 1. 2016 with early adoption permitted Amendments to MS 16 and MS 41 Agrkulture: Bearer Manta Tie arnendmeres change the accourting requirements for Wince' assets that meet the definition of tearer plants Under the amendments biological assets that meet the clefneon or bearer plants wan no longer be WPM) the scope of lAS 41 Instead, IAS 16 will apply Alter initial recognition. bearer planes wti1 be measured under lAS 16 at a“urni-lated cost (before maturity) and Llano ether the cost model or revaluation model (after matunty) The amendments also require that produce that grows on bearer plants will remain in the scope of IAS 41 measured at far value less meta to eel For governmere grants retied to bearer plants, IAS 20 ACCCOrittreg for Gcnorrrnert Grants andDisclosure S Goyarivnenf Assistancewe apply The amendments are retrospectively effective for annual remora beginning on or ater ..Lan.ary 1 7016 van early adOPtion Permitted Amendments to lAS 19 Defined Benefit Plans: Employee Contnbutions LAS 19 requires an entity to comiaer contnti..tons from errpioyees m tiro part es wren accountng for defined tenet plans Where the contritutions are linked to service they srould be altritiMed to perods of service as a negative benefit These amendments eerily that, if the amount or the ocintntutons Is ndependent of the rumter of years of service, an entity * permitted to recognize such contributions as a recittion in the service cost n the penod in nisch Ine service is rendered instead of allocating Ire contributions So the periods of service The amendment is effective tor annual periods beginto on or after JUy 1, 2014 Amendments to LAS 27: Cqufty Method in Separate Financial Statements The amendments will allow entities to use the equity method to account for investments in subsidanes, pant ventrxes and associates in their separate finanoal statements Entities already applying IFRS and electing to change to the equity method in its separate Mancial statements will have to apply that change retrospectively For first-time adopters of IFRS electrg to use the equty method n its separate financial statements. trey will be reputed t0 apply tin method from the date of transition to IFRS TM amendments are effects* for annual periods beginning on or eater January 1. 2016, with early adoption permuted Amendments to MRS 11 Joint Arrangements: Accounting for Acquisitions ofInterests The amendments 10 IFRS 11 require fret a pint operator accosting for the aCqueition of an interest in a pint operation. in whit the activity Of the pal Operation corstitutet a business must apply re relevant IFRS 3 principles for buena. oornbnatons amounting The amendments also otanty that a previcusty held interest in a pint operation is not re-measured on Ire acquisition of an additional nterest in the same pint operation while pint control is retained In ackSton, a scope exclusion has been added to IF RS 11 to specify that Ire amendments do not apply when the pertes sharing on cannot inducing the reporting entity are under common control of the same utimate controlling party F.526 http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058803 CONFIDENTIAL SDNY GM_00204987 EFTA01367275