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Malaysian Financial Reporting Standards (MFRSs)

The MFRSs listed in the table are official pronouncements issued by the MASB. MFRSs are issued by the MASB in respect of its application in Malaysia. 

The text of the Standards does not include amendments to Standards that have an effective date after 1 January 2015, regardless of when those amendments may have been issued. The amendments to Standards that have an effective date after 1 January 2015 are listed immediately below the respective Standards being amended. Further explanation is available in the “Introduction” section of the 2015 MFRS Bound Volume that was published in February 2015.

The date shown in the “Issue Date” column refers to the date the Standard was first issued.

The “Amendments from other Standards” column contains consequential amendments to a Standard that are a consequence of another Standard or amendments to another Standard being issued that have an effective date after 1 January 2015.

The “Explanatory” column contains documents which accompanies the respective Standards but are not part of these Standards. They are IASB 2017 edition of documents accompanying IFRS Standards and comprise of:

■  BC: Basis for Conclusions (includes amendments to Standards that have an effective date after 1 January 2017)

■  IE: Illustrative Examples (includes amendments to Standards that have an effective date after 1 January 2017.)

■  IE*: Illustrative Examples (does not contain changes to Standards that have an effective date after 1 January 2017.)

■  IG: Implementation Guidance (includes amendments to Standards that have an effective date after 1 January 2017.)

■  IG*: Implementation Guidance (does not contain changes to Standards that have an effective date after 1 January 2017.)

Please select the Glossary of Terms for definitions of key words used in the Standards which can be viewed for information purposes only. Please select the MFRS Glossary in Bahasa Malaysia for translations of Glossary of Terms and additional terms from MFRSs, the Basis for Conclusions, Illustrative Examples and Implementation Guidance.

Printed copies are available for sale at the MASB office. Please click here for the publication order form. 

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.

The numbering of the MFRS corresponds with the equivalent IFRS issued by the IASB. MFRS prefix with “1xx” corresponds with the equivalent IAS. 

Standard Title Applicable for annual periods beginning on or after: Issue Date Status Amendments from other Standards (effective after 1 January 2015) Explanatory
  Preface to MASB Approved Accounting Standards - 1 June 2015 -

-

-
MFRS 1 First-time Adoption of Malaysian Financial Reporting Standards 1 Jan 2012 19 Nov 2011 Enacted

MFRS 9 (IFRS 9 as issued by IASB in July 2014)

 

Accounting for Acquisitions of Interests in Joint Operations (Amendments to MFRS 11)

 

MFRS 14

 

MFRS 15

 

Equity Method in Separate Financial Statements (Amendments to MFRS 127)

 

Amendments to MFRS 7 (Annual Improvements to MFRSs 2012–2014 Cycle)

 

MFRS 16

 

IC Interpretation 22

BC

IG

IG*

Amendments to MFRS 1 (Annual Improvements to MFRS Standards 2014–2016 Cycle) 1 Jan 2018 29 Dec 2016 Enacted

-

Amendments to BC

MFRS 2 Share-based Payment 1 Jan 2012 19 Nov 2011 Enacted

MFRS 9 (IFRS 9 as issued by IASB in July 2014)

BC

IG

Classification and Measurement of Share-based Payment Transactions (Amendments to MFRS 2)

1 Jan 2018 25 Aug 2016 Enacted

-

Amendtments to BC

 

Amendments to IG

 

MFRS 3 Business Combinations 1 Jan 2012 19 Nov 2011 Enacted

MFRS 9 (IFRS 9 as issued by IASB in July 2014)

 

MFRS 15

 

MFRS 16

BC

IE

IE*

MFRS 4 Insurance Contracts 1 Jan 2012 19 Nov 2011 Enacted

MFRS 9 (IFRS 9 as issued by IASB in July 2014)

 

MFRS 15

 

MFRS 16

BC

IG

IG*

Applying MFRS 9 Financial Instruments with MFRS 4 Insurance Contracts (Amendments to MFRS 4) [See Notice of Issuance dated 29 Dec 2016] 29 Dec 2016 Enacted

-

Amendments to BC

MFRS 5  Non-current Assets Held for Sale and Discontinued Operations 1 Jan 2012 19 Nov 2011 Enacted MFRS 9 (IFRS 9 as issued by IASB in July 2014)

BC

IG

IG*

Amendment to MFRS 5 (Annual Improvements to MFRSs 2012–2014 Cycle)  1 Jan 2016 17 Nov 2014 Enacted -
MFRS 6 Exploration for and Evaluation of Mineral Resources 1 Jan 2012 19 Nov 2011 Enacted -

BC

MFRS 7 Financial Instruments: Disclosures 1 Jan 2012 19 Nov 2011 Enacted

MFRS 9 (IFRS 9 as issued by IASB in July 2014)

 

Disclosure Initiative (Amendments to MFRS 101)

 

MFRS 16

BC

IG

IG*

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 (IFRS 9 issued by IASB in November 2009) and MFRS 9 (IFRS 9 issued by IASB in October 2010)  1 Mar 2012 Enacted -
Amendments to MFRS 7 (Annual Improvements to MFRSs 2012–2014 Cycle)  1 Jan 2016 17 Nov 2014 Enacted -
MFRS 8 Operating Segments 1 Jan 2012 19 Nov 2011 Enacted -

BC

IG

MFRS 9 Financial Instruments (IFRS 9 issued by IASB in November 2009) [will be superseded by MFRS 9 (IFRS 9 as issued by IASB in July 2014)]  [See Notice of 17 Nov 2014] 19 Nov 2011 Enacted

MFRS 9 (IFRS 9 as issued by IASB in July 2014)

 

MFRS 15

BC

Financial Instruments (IFRS 9 issued by IASB in October 2010) [will be superseded by MFRS 9 (IFRS 9 as issued by IASB in July 2014)]  19 Nov 2011 Enacted

MFRS 9 (IFRS 9 as issued by IASB in July 2014)

 

MFRS 15

BC

IE

IG

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 (IFRS 9 issued by IASB in November 2009) and MFRS 9 (IFRS 9 issued by IASB in October 2010)  14 Feb 2014 Enacted - -
Financial Instruments (Hedge Accounting and amendments to MFRS 9, MFRS 7 and MFRS 139) [will be superseded by MFRS 9 (IFRS 9 as issued by IASB in July 2014)]  [See Notice of 17 Nov 2014] 14 Feb 2014 Enacted

MFRS 9 (IFRS 9 as issued by IASB in July 2014)

 

MFRS 15

BC

IG

Financial Instruments (IFRS 9 as issued by IASB in July 2014) 1 Jan 2018 17 Nov 2014 Enacted MFRS 16

BC

IG

MFRS 10 Consolidated Financial Statements 1 Jan 2013 19 Nov 2011 Enacted -

BC

IE

Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to MFRS 10 and MFRS 128) 

Effective Date of Amendments to MFRS 10 and MFRS 128

Deferred

17 Nov 2014

 

31 Dec 2015

Enacted -
Investment Entities: Applying the Consolidation Exception (Amendments to MFRS 10, MFRS 12 and MFRS 128)  1 Jan 2016 23 Jan 2015 Enacted -
MFRS 11 Joint Arrangements 1 Jan 2013 19 Nov 2011 Enacted -

BC

IE

Accounting for Acquisitions of Interests in Joint Operations (Amendments to MFRS 11)  1 Jan 2016 11 Jul 2014 Enacted  -
MFRS 12 Disclosure of Interests in Other Entities 1 Jan 2013 19 Nov 2011 Enacted -

BC

Investment Entities: Applying the Consolidation Exception (Amendments to MFRS 10, MFRS 12 and MFRS 128)  1 Jan 2016 23 Jan 2015 Enacted -
Amendments to MFRS 12 (Annual Improvements to MFRS Standards 2014–2016 Cycle) 1 Jan 2017 29 Dec 2016 Enacted - Amendments to BC
MFRS 13 Fair Value Measurement 1 Jan 2013 19 Nov 2011 Enacted

MFRS 9 (IFRS 9 as issued by IASB in July 2014)

 

MFRS 16

BC

IE

MFRS 14 Regulatory Deferral Accounts 1 Jan 2016 11 Jul 2014 Enacted -

BC

IE

MFRS 15 Revenue from Contracts with Customers 1 Jan 2018 2 Sept 2014 Enacted MFRS 16

BC

IE

Effective date of MFRS 15 [See Notice of Amendment dated 28 October 2015] 28 Oct 2015 Enacted - Amendments to BC
Clarifications to MFRS 15  1 Jan 2018 16 June 2016 Enacted -

Amendments to BC

 

Amendments to IE

MFRS 16 Leases 1 Jan 2019 15 Apr 2016 Enacted -

BC

IE

MFRS 101 Presentation of Financial Statements 1 Jan 2012 19 Nov 2011 Enacted

MFRS 9 (IFRS 9 as issued by IASB in July 2014)

 

MFRS 15

 

Agriculture: Bearer Plants (Amendments to MFRS 116 and MFRS 141)

 

MFRS 16

BC

IG

IG*

Disclosure Initiative (Amendments to MFRS 101)  1 Jan 2016 23 Jan 2015 Enacted -
MFRS 102 Inventories 1 Jan 2012 19 Nov 2011 Enacted

MFRS 9 (IFRS 9 as issued by IASB in July 2014)

 

MFRS 15

 

MFRS 16

BC

MFRS 107 Statement of Cash Flows 1 Jan 2012 19 Nov 2011 Enacted MFRS 16

BC

IE

IE*

Disclosure Initiative (Amendments to MFRS 107) 1 Jan 2017 15 Apr 2016 Enacted -

 

Amendments to BC

Amendments to IE

MFRS 108 Accounting Policies, Changes in Accounting Estimates and Errors 1 Jan 2012 19 Nov 2011 Enacted MFRS 9 (IFRS 9 as issued by IASB in July 2014)

BC

IG

MFRS 110 Events after the Reporting Period 1 Jan 2012 19 Nov 2011 Enacted MFRS 9 (IFRS 9 as issued by IASB in July 2014)

BC

MFRS 111

Construction Contracts

[will be superseded by MFRS 15 for periods beginning on or after 1 January 2018]

1 Jan 2012 19 Nov 2011 Enacted -

 

IE*

MFRS 112 Income Taxes 1 Jan 2012 19 Nov 2011 Enacted

MFRS 9 (IFRS 9 as issued by IASB in July 2014)

 

MFRS 15

 

MFRS 16

BC

IE

Recognition of Deferred Tax Assets for Unrealised Losses (Amendments to MFRS 112) 1 Jan 2017 15 Apr 2016 Enacted

-

Amendments to BC

Amendments to IE

MFRS 116 Property, Plant and Equipment 1 Jan 2012 19 Nov 2011 Enacted

MFRS 15

 

MFRS 16

BC

 

Clarification of Acceptable Methods of Depreciation and Amortisation (Amendments to MFRS 116 and MFRS 138)  1 Jan 2016 11 Jul 2014 Enacted -
Agriculture: Bearer Plants (Amendments to MFRS 116 and MFRS 141) 1 Jan 2016 2 Sept 2014 Enacted
MFRS 117

Leases

[will be superseded by MFRS 16 for periods beginning on or after 1 January 2019]

1 Jan 2012 19 Nov 2011 Enacted Agriculture: Bearer Plants (Amendments to MFRS 116 and MFRS 141)

BC

IG*

MFRS 118

Revenue

[will be superseded by MFRS 15 for periods beginning on or after 1 January 2018]

1 Jan 2012 19 Nov 2011 Enacted -

IE*

MFRS 119 Employee Benefits 1 Jan 2013 19 Nov 2011 Enacted -

 

BC

Amendment to MFRS 119 (Annual Improvements to MFRSs 2012–2014 Cycle)  1 Jan 2016 17 Nov 2014 Enacted -
MFRS 120 Accounting for Government Grants and Disclosure of Government Assistance 1 Jan 2012 19 Nov 2011 Enacted MFRS 9 (IFRS 9 as issued by IASB in July 2014)

BC

MFRS 121 The Effects of Changes in Foreign Exchange Rates 1 Jan 2012 19 Nov 2011 Enacted

MFRS 9 (IFRS 9 as issued by IASB in July 2014)

 

MFRS 16

BC

MFRS 123 Borrowing Costs 1 Jan 2012 19 Nov 2011 Enacted

MFRS 9 (IFRS 9 as issued by IASB in July 2014)

 

Agriculture: Bearer Plants (Amendments to MFRS 116 and MFRS 141)

 

MFRS 16

BC

MFRS 124 Related Party Disclosures 1 Jan 2012 19 Nov 2011 Enacted -

BC

IE

MFRS 126 Accounting and Reporting by Retirement Benefit Plans 1 Jan 2012 19 Nov 2011 Enacted -
MFRS 127 Separate Financial Statements 1 Jan 2013 19 Nov 2011 Enacted -

 

BC

Equity Method in Separate Financial Statements (Amendments to MFRS 127) 1 Jan 2016 17 Nov 2014 Enacted -
MFRS 128 Investments in Associates and Joint Ventures 1 Jan 2013 19 Nov 2011 Enacted

MFRS 9 (IFRS 9 as issued by IASB in July 2014)


Equity Method in Separate Financial Statements (Amendments to MFRS 127)

BC

Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to MFRS 10 and MFRS 128) 

Effective Date of Amendments to MFRS 10 and MFRS 128

Deferred

17 Nov 2014

 

 

31 Dec 2015

Enacted -  
Investment Entities: Applying the Consolidation Exception (Amendments to MFRS 10, MFRS 12 and MFRS 128) 1 Jan 2016 23 Jan 2015 Enacted -
Amendments to MFRS 128 (Annual Improvements to MFRS Standards 2014–2016 Cycle) 1 Jan 2018 29 Dec 2016 Enacted - Amendments to BC
MFRS 129 Financial Reporting in Hyperinflationary Economies 1 Jan 2012 19 Nov 2011 Enacted -

BC

MFRS 132 Financial instruments: Presentation 1 Jan 2012 19 Nov 2011 Enacted

MFRS 9 (IFRS 9 as issued by IASB in July 2014)

 

MFRS 15

 

MFRS 16

BC

IE

IE*

MFRS 133 Earnings per Share 1 Jan 2012 19 Nov 2011 Enacted MFRS 9 (IFRS 9 as issued by IASB in July 2014)

BC

IE

MFRS 134 Interim Financial Reporting 1 Jan 2012 19 Nov 2011 Enacted

MFRS 15

 

Disclosure Initiative (Amendments to MFRS 101)

BC

IE

IE*

Amendment to MFRS 134 (Annual Improvements to MFRSs 2012–2014 Cycle)  1 Jan 2016 17 Nov 2014 Enacted -
MFRS 136 Impairment of Assets 1 Jan 2012 19 Nov 2011 Enacted

MFRS 9 (IFRS 9 as issued by IASB in July 2014)

 

MFRS 15

 

Agriculture: Bearer Plants (Amendments to MFRS 116 and MFRS 141)

BC

IE

MFRS 137 Provisions, Contingent Liabilities and Contingent Assets 1 Jan 2012 19 Nov 2011 Enacted

MFRS 9 (IFRS 9 as issued by IASB in July 2014)

 

MFRS 15

 

MFRS 16

IG

IE

IE*

MFRS 138 Intangible Assets 1 Jan 2012 19 Nov 2011 Enacted

MFRS 15

 

MFRS 16

BC

IE

Clarification of Acceptable Methods of Depreciation and Amortisation (Amendments to MFRS 116 and MFRS 138)   1 Jan 2016 11 Jul 2014 Enacted -
MFRS 139 Financial Instruments: Recognition and Measurement 1 Jan 2012 19 Nov 2011 Enacted

MFRS 9 (IFRS 9 as issued by IASB in July 2014)

 

MFRS 15

 

MFRS 16

BC

BC*

IG*

IE

IE*

MFRS 140 Investment Property 1 Jan 2012 19 Nov 2011 Enacted

MFRS 15

 

Agriculture: Bearer Plants (Amendments to MFRS 116 and MFRS 141)

 

MFRS 16

BC

Transfers of Investment Property (Amendments to MFRS 140) 1 Jan 2018 29 Dec 2016 Enacted

-

Amendments to BC

MFRS 141 Agriculture 1 Jan 2012 19 Nov 2011 Enacted MFRS 16

BC

IE

Agriculture: Bearer Plants (Amendments to MFRS 116 and MFRS 141) 1 Jan 2016 2 Sept 2014 Enacted -
Annual Improvements to MFRSs 2012–2014 Cycle issued in November 2014
Annual Improvements to MFRS Standards 2014-2016 Cycle issued in December 2016