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IC Interpretations (MFRS Framework)

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 IC Interpretations corresponds with the equivalent IFRIC Interpretations issued by the IASB. IC Interpretations prefix with “1xx” corresponds with the equivalent SIC.

Standard Title Applicable for annual periods beginning on or after: Issue Date Status Amendments from other Standards (effective after 1 January 2015) Explanatory
IC Int. 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities  1 Jan 2012 19 Nov 2011 Enacted MFRS 16

BC


IE

IC Int. 2 Members' Shares in Co-operative Entities and Similar Instruments 1 Jan 2012 19 Nov 2011 Enacted MFRS 9 (IFRS 9 as issued by IASB in July 2014) BC
IC Int. 4 Determining whether an Arrangement contains a Lease 1 Jan 2012 19 Nov 2011 Enacted -

BC


IE

IC Int. 5 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds 1 Jan 2012 19 Nov 2011 Enacted MFRS 9 (IFRS 9 as issued by IASB in July 2014) BC
IC Int. 6 Liabilities arising from Participating in a Specific Market - Waste Electrical and Electrical Equipment 1 Jan 2012 19 Nov 2011 Enacted - BC
IC Int. 7 Applying the Restatement Approach under MFRS 129 Financial Reporting in Hyperinflationary Economies 1 Jan 2012 19 Nov 2011 Enacted -

BC


IE

IC Int. 9 Reassessment of Embedded Derivatives 1 Jan 2012 19 Nov 2011 Enacted - BC
IC Int. 10 Interim Financial Reporting and Impairment 1 Jan 2012 19 Nov 2011 Enacted MFRS 9 (IFRS 9 as issued by IASB in July 2014) BC
IC Int. 12 Service Concession Arrangements 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*


IE

 

IE*

IC Int. 13 Customer Loyalty Programmes 1 Jan 2012 19 Nov 2011 Enacted -

BC


IE*

IC Int. 14 MFRS 119 - The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction 1 Jan 2012 19 Nov 2011 Enacted -

BC


IE

IC Int. 15 Agreements for the Construction of Real Estate 1 Jan 2012 19 Nov 2011 Enacted -

BC

 

IG*


IE*

IC Int. 16 Hedges of a Net Investment in a Foreign Operation 1 Jan 2012 19 Nov 2011 Enacted MFRS 9 (IFRS 9 as issued by IASB in July 2014)

BC


IE

 

IE*

IC Int. 17 Distributions of Non-cash Assets to Owners 1 Jan 2012 19 Nov 2011 Enacted -

BC


IE

IC Int. 18 Transfers of Assets from Customers 1 Jan 2012 19 Nov 2011 Enacted -

BC


IE*

IC Int. 19 Extinguishing Financial Liabilities with Equity Instruments 1 Jan 2012 19 Nov 2011 Enacted MFRS 9 (IFRS 9 as issued by IASB in July 2014) BC
IC Int. 20 Stripping Costs in the Production Phase of a Surface Mine 1 Jan 2013 19 Nov 2011 Enacted - BC
IC Int. 21 Levies 1 Jan 2014 6 Sept 2013 Enacted -

BC


IE

IC Int. 22 Foreign Currency Transactions and Advance Consideration 1 Jan 2018 29 Dec 2016 Enacted -

BC

 

IE

IC Int. 107 Introduction of the Euro 1 Jan 2012 19 Nov 2011 Enacted - BC
IC Int. 110 Government Assistance - No Specific Relation to Operating Activities 1 Jan 2012 19 Nov 2011 Enacted - BC
IC Int. 115 Operating Leases - Incentives 1 Jan 2012 19 Nov 2011 Enacted -

BC


IE*

IC Int. 125 Income Taxes - Changes in the Tax Status of an Entity or its Shareholders 1 Jan 2012 19 Nov 2011 Enacted - BC
IC Int. 127 Evaluating the Substance of Transactions Involving the Legal Form of a Lease 1 Jan 2012 19 Nov 2011 Enacted

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

 

MFRS 15

BC


IG*

IC Int. 129 Service Concession Arrangements: Disclosures 1 Jan 2012 19 Nov 2011 Enacted MFRS 16 BC
IC Int. 131 Revenue - Barter Transactions Involving Advertising Services 1 Jan 2012 19 Nov 2011 Enacted - BC
IC Int. 132 Intangible Assets - Web Site Costs 1 Jan 2012 19 Nov 2011 Enacted

MFRS 15

 

MFRS 16

BC


IE