Singapore Financial Reporting Standards (International)
Changes effective for annual periods beginning after 1 January 2024

Singapore Financial Reporting Standards (International) (SFRS(I)s) refer to Singapore Financial Reporting Standards (International) and SFRS(I) Interpretations issued by the ASC.

SFRS(I)s are published for your own personal non-commercial use only, subject to the Terms & Conditions of Use of this Web Site. As SFRS(I)s are based on IFRS Accounting Standards and the copyright to IFRS Accounting Standards is owned by the IFRS Foundation, permission to use SFRS(I)s for any other purpose is required from ACRA and the IFRS Foundation with regard to SFRS(I)s and IFRS Accounting Standards, respectively.

The following are the new/revised/amendments to SFRS(I)s issued up to 31 December 2024 which are effective for annual reporting periods beginning after 1 January 2024.

Singapore Financial Reporting Standards (International)

ReferenceTitleEffective DateIssuance Date
Issued in 2017
SFRS(I) 10, SFRS(I) 1-28 Amendments to SFRS(I) 10 and SFRS(I) 1-28: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (PDF, 138KB) To be determined29 Dec 2017
Issued in 2023
SFRS(I) 1-21, SFRS(I) 1Amendments to SFRS(I) 1-21: Lack of Exchangeability (PDF, 227KB)1 Jan 202526 Sep 2023
Issued in 2024
SFRS(I) 18Presentation and Disclosure in Financial Statements (PDF, 1125KB)
Illustrative Examples (PDF, 1071KB)		1 Jan 20274 Oct 2024
SFRS(I) 9,
SFRS(I) 7		Amendments to SFRS(I) 9 and SFRS(I) 7: Amendments to the Classification and Measurement of Financial Instruments (PDF, 217KB)1 Jan 20264 Oct 2024
VariousAnnual Improvements to SFRS(I)s—Volume 11 (PDF, 256KB)1 Jan 20264 Oct 2024
SFRS(I) 19Subsidiaries without Public Accountability: Disclosures (PDF, 623KB)1 Jan 202725 Oct 2024

Other accompanying documents

The SFRS(I)s should be read in the context of the Basis for Conclusions on IFRS Accounting Standards issued by the IASB. The Basis for Conclusions summarises the IASB's considerations in developing IFRS Accounting Standards. The use of the Basis for Conclusions is subject to the IFRS Foundation's Terms and Conditions as if they are materials on the IFRS Foundation's website.

Basis for Conclusions on IFRS Standards

Reference Title
IFRS 10, IAS 28Basis for Conclusions: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (PDF, 299KB)

Basis for Conclusions: Effective Date of Amendments to IFRS 10 and IAS 28 (PDF, 408KB)
IFRS 1, IAS 21Basis for Conclusions: Lack of Exchangeability (PDF, 205KB)
IFRS 18Basis for Conclusions: Presentation and Disclosure in Financial Statements (PDF, 1029KB)
IFRS 9, IFRS 7Basis for Conclusions: Amendments to IFRS 9 and IFRS 7: Amendments to the Classification and Measurement of Financial Instruments (PDF, 241KB)
VariousBasis for Conclusions: Annual Improvements to IFRS® Accounting Standards—Volume 11 (PDF, 255KB)
IFRS 19Basis for Conclusions: Subsidiaries without Public Accountability: Disclosures (PDF, 262KB)
International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), IFRIC Interpretations (IFRIC), SIC Interpretations (SIC)
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