Malaysian Financial Reporting Standards

Malaysian Financial Reporting Standards (MFRSs)

The MFRS and Annual Improvements listed in the table are official pronouncements issued by the MASB. 

The “Explanatory” column contains documents which accompanies the respective Standards but are not part of these Standards. These documents comprise of:

■  BC: Basis for Conclusions

■  IE: Illustrative Examples

■  IG: Implementation Guides

Please select the Glossary of Terms for definitions of key wordings used in the Standards which can be viewed for information purposes only. 

Printed copies are available at the MASB office and can be purchased online. Please click here.

These Standards contain materials in which the IFRS Foundation holds copyright and which have been reproduced in these Standards with the permission of the IFRS Foundation. Copyright in the International Financial Reporting Standards (including International Accounting Standards and SIC and IFRIC Interpretations), International Accounting Standards Board (IASB) Exposure Drafts, and other IASB publications belong to the IFRS Foundation.

All rights are reserved. No part of these Standards may be reproduced, stored in a retrieval system or transmitted in any form or by any means without the prior permission in writing to MASB or as may be expressly permitted by law or under terms agreed with the appropriate reprographics rights organisation. No part of the materials incorporated in these Standards, the copyright of which is held by the IFRS Foundation, may be reproduced, stored in a retrieval system or transmitted in any form or by any means without the prior permission in writing to the IFRS Foundation or as may be expressly permitted by law or under terms agreed with the appropriate reprographics rights organisation.

MFRSs are issued by the MASB in respect of its application in Malaysia.

Standard

Title

Effective Date

Issuance Date

Status

Explanatory

MFRS 1 First-time Adoption of Malaysian Financial Reporting Standards 1 Jan 2012 19 Nov 2011 Enacted
Government Loans (Amendments to MFRS 1) 1 Jan 2013 26 April 2012 Enacted
Amendment to MFRS 1 (Annual Improvements 2009-2011 Cycle) 1 Jan 2013 31 Jul 2012 Enacted
MFRS 2 Share-based Payment 1 Jan 2012 19 Nov 2011 Enacted
Amendment to MFRS 2 (Annual Improvements to MFRSs 2010-2012 Cycle) 1 Jul 2014 14 Feb 2014 Enacted
MFRS 3  Business Combinations 1 Jan 2012 19 Nov 2011 Enacted
Business Combinations (IFRS 3 Business Combinations issued by IASB in March 2004) [See Notice of 31 Jul 2012] 31 Jul 2012 Enacted
Amendment to MFRS 3 (Annual Improvements to MFRSs 2010-2012 Cycle) 1 Jul 2014 14 Feb 2014 Enacted
Amendment to MFRS 3 (Annual Improvements to MFRSs 2011-2013 Cycle)  1 Jul 2014 14 Feb 2014 Enacted
MFRS 4 Insurance Contracts 1 Jan 2012 19 Nov 2011 Enacted
MFRS 5 Non-current Assets Held for Sale and Discontinued Operations 1 Jan 2012 19 Nov 2011 Enacted
MFRS 6 Exploration for and Evaluation of Mineral Resources 1 Jan 2012 19 Nov 2011 Enacted
MFRS 7 Financial Instruments: Disclosures 1 Jan 2012 19 Nov 2011 Enacted
Mandatory Effective Date of MFRS 9 and Transition Disclosures (Amendments to MFRS 9 (IFRS 9 issued by IASB in November 2009), MFRS 9 (IFRS 9 issued by IASB in October 2010) and MFRS 7) Effective upon application of MFRS 9 1 Mar 2012 Enacted -
Disclosures—Offsetting Financial Assets and Financial Liabilities (Amendments to MFRS 7) 1 Jan 2013 1 Mar 2012 Enacted
MFRS 8 Operating Segments 1 Jan 2012 19 Nov 2011 Enacted
Amendment to MFRS 8 (Annual Improvements to MFRSs 2010-2012 Cycle)  1 Jul 2014 14 Feb 2014 Enacted
MFRS 9 Financial Instruments (IFRS 9 issued by IASB in November 2009) To be announced by the Board 19 Nov 2011 Enacted
Financial Instruments (IFRS 9 issued by IASB in October 2010) To be announced by the Board 19 Nov 2011 Enacted
Mandatory Effective Date of MFRS 9 and Transition Disclosures (Amendments to MFRS 9 (IFRS 9 issued by IASB in November 2009), MFRS 9 (IFRS 9 issued by IASB in October 2010) and MFRS 7) To be announced by the Board 1 Mar 2012 Enacted
Financial Instruments (Hedge Accounting and amendments to MFRS 9, MFRS 7 and MFRS 139)  To be announced by the Board 14 Feb 2014 Enacted
MFRS 10  Consolidated Financial Statements 1 Jan 2013 19 Nov 2011 Enacted
Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition
Guidance (Amendments to MFRS 10, MFRS 11 and MFRS 12)
1 Jan 2013 31 Jul 2012 Enacted
Investment Entities (Amendments to MFRS 10, MFRS 12 and MFRS 127)  1 Jan 2014 28 Feb 2013 Enacted
MFRS 11  Joint Arrangements 1 Jan 2013 19 Nov 2011 Enacted
Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition
Guidance (Amendments to MFRS 10, MFRS 11 and MFRS 12)
1 Jan 2013 31 Jul 2012 Enacted
MFRS 12  Disclosure of Interests in Other Entities 1 Jan 2013 19 Nov 2011 Enacted
Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition
Guidance (Amendments to MFRS 10, MFRS 11 and MFRS 12)
1 Jan 2013 31 Jul 2012 Enacted
Investment Entities (Amendments to MFRS 10, MFRS 12 and MFRS 127)  1 Jan 2014 28 Feb 2013 Enacted
MFRS 13 Fair Value Measurement 1 Jan 2013 19 Nov 2011 Enacted
Amendment to MFRS 13 (Annual Improvements to MFRSs 2011-2013 Cycle)  1 Jul 2014 14 Feb 2014 Enacted
MFRS 101 Presentation of Financial Statements 1 Jan 2012 19 Nov 2011 Enacted
Presentation of Items of Other Comprehensive Income (Amendments to MFRS 101) 1 Jul 2012 19 Nov 2011 Enacted
Amendment to MFRS 101 (Annual Improvements 2009-2011 Cycle) 1 Jan 2013 31 Jul 2012 Enacted
MFRS 102 Inventories 1 Jan 2012 19 Nov 2011 Enacted
MFRS 107 Statement of Cash Flows 1 Jan 2012 19 Nov 2011 Enacted
MFRS 108 Accounting Policies, Changes in Accounting Estimates and Errors 1 Jan 2012 19 Nov 2011 Enacted
MFRS 110 Events After the Reporting Period 1 Jan 2012 19 Nov 2011 Enacted
MFRS 111 Construction Contracts 1 Jan 2012 19 Nov 2011 Enacted
MFRS 112 Income Taxes 1 Jan 2012 19 Nov 2011 Enacted
MFRS 116  Property, Plant and Equipment 1 Jan 2012 19 Nov 2011 Enacted
Amendment to MFRS 116 (Annual Improvements 2009-2011 Cycle) 1 Jan 2013 31 Jul 2012 Enacted
Amendment to MFRS 116 (Annual Improvements to MFRSs 2010-2012 Cycle)  1 Jul 2014 14 Feb 2014 Enacted
MFRS 117 Leases 1 Jan 2012 19 Nov 2011 Enacted
MFRS 118 Revenue 1 Jan 2012 19 Nov 2011 Enacted
MFRS 119 Employee Benefits[Superseded with effect from 1 Jan 2013 by MFRS 119 (IAS 19 as amended by IASB in June 2011)] 1 Jan 2012 19 Nov 2011 Enacted

Employee Benefits (IAS 19 as amended by IASB in June 2011)

1 Jan 2013 19 Nov 2011 Enacted

Defined Benefit Plans:Employee Contributions 

(Amendments to MFRS 119)

1 Jul 2014 14 Feb 2014 Enacted
MFRS 120 Accounting for Government Grants and Disclosure of Government Assistance 1 Jan 2012 19 Nov 2011 Enacted
MFRS 121 The Effects of Changes in Foreign Exchange Rates 1 Jan 2012 19 Nov 2011 Enacted
MFRS 123 Borrowing Costs 1 Jan 2012 19 Nov 2011 Enacted
MFRS 124 Related Party Disclosures 1 Jan 2012 19 Nov 2011 Enacted
Amendment to MFRS 124 (Annual Improvements to MFRSs 2010-2012 Cycle)  1 Jul 2014 14 Feb 2014 Enacted
MFRS 126 Accounting and Reporting by Retirement Benefit Plans 1 Jan 2012 19 Nov 2011 Enacted -
MFRS 127 Consolidated and Separate Financial Statements[Superseded with effect from 1 Jan 2013 by MFRS 127 Separate Financial Statements (IAS 27 as amended by IASB in May 2011) and MFRS 10 Consolidated Financial Statements] 1 Jan 2012 19 Nov 2011 Enacted
Consolidated and Separate Financial Statements (IAS 27 revised by IASB in December 2003) [See Notice of 31 Jul 2012] 31 Jul 2012 Enacted
Separate Financial Statements (IAS 27 as amended by IASB in May 2011) 1 Jan 2013 19 Nov 2011 Enacted

Investment Entities (Amendments to MFRS 10, MFRS 12 and MFRS 127)

1 Jan 2014 28 Feb 2013 Enacted
MFRS 128 Investments in Associates[Superseded with effect from 1 Jan 2013 by MFRS 128 Investments in Associates and Joint Ventures (IAS 28 as amended by IASB in May 2011)] 1 Jan 2012 19 Nov 2011 Enacted
Investments in Associates and Joint Ventures (IAS 28 as amended by IASB in May 2011) 1 Jan 2013 19 Nov 2011 Enacted
MFRS 129 Financial Reporting in Hyperinflationary Economies 1 Jan 2012 19 Nov 2011 Enacted
MFRS 131 Interests in Joint Ventures[Superseded with effect from 1 January 2013 by MFRS 11] 1 Jan 2012 19 Nov 2011 Enacted
MFRS 132 Financial Instruments: Presentation 1 Jan 2012 19 Nov 2011 Enacted
Amendment to MFRS 132 (Annual Improvements 2009-2011 Cycle) 1 Jan 2013 31 Jul 2012 Enacted
Offsetting Financial Assets and Financial Liabilities (Amendments to MFRS 132) 1 Jan 2014 1 Mar 2012 Enacted
MFRS 133 Earnings Per Share 1 Jan 2012 19 Nov 2011 Enacted
MFRS 134  Interim Financial Reporting 1 Jan 2012 19 Nov 2011 Enacted
Amendment to MFRS 134 (Annual Improvements 2009-2011 Cycle) 1 Jan 2013 31 Jul 2012 Enacted
MFRS 136 Impairment of Assets 1 Jan 2012 19 Nov 2011 Enacted
Recoverable Amount Disclosures for Non-Financial Assets (Amendments to MFRS 136)
1 January 2014 6 Sep 2013 Enacted
MFRS 137 Provisions, Contingent Liabilities and Contingent Assets 1 Jan 2012 19 Nov 2011 Enacted
MFRS 138 Intangible Assets 1 Jan 2012 19 Nov 2011 Enacted
Amendment to MFRS 138 (Annual Improvements to MFRSs 2010-2012 Cycle)  1 Jul 2014 14 Feb 2014 Enacted
MFRS 139 Financial Instruments: Recognition and Measurement 1 Jan 2012 19 Nov 2011 Enacted
Novation of Derivatives and Continuation of Hedge Accounting (Amendments to MFRS 139)  1 January 2014 6 Sep 2013 Enacted
MFRS 140 Investment Property 1 Jan 2012 19 Nov 2011 Enacted
Amendment to MFRS 140 (Annual Improvements to MFRSs 2011-2013 Cycle)  1 Jul 2014 14 Feb 2014 Enacted
MFRS 141 Agriculture 1 Jan 2012 19 Nov 2011 Enacted


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