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NDAQ » Topics » ASSESSMENT OF THE EFFECTS ON OUR FINANCIAL REPORTING RELATING TO FUTURE ACCOUNTING STANDARDS

This excerpt taken from the NDAQ 8-K filed Aug 1, 2008.

ASSESSMENT OF THE EFFECTS ON OUR FINANCIAL REPORTING RELATING TO FUTURE ACCOUNTING STANDARDS

When the consolidated financial statements were prepared as at December 31, 2007, the following standards and interpretations had been published but had not yet come into effect.

The following standards or statements come into effect in 2008/2009:

 

  •  

IAS 1 Amendment: Presentation of Financial Statements (January 1, 2009)

 

  •  

IAS 23 Amendment: Borrowing Costs (January 1, 2009)

 

  •  

IAS 27 Amendment: Consolidated and Separate Financial Statements (January 1, 2009)

 

  •  

IFRS 2 Amendment: Share-based Payment (January 1, 2009)

 

  •  

IFRS 3 Amendment: Business Combination (July 1, 2009)

 

  •  

IFRS 8 Operating Segments (January 1, 2009)

 

  •  

IFRIC 11 – IFRS 2 Group and Treasury Share Transactions (January 1, 2008).

The following standards or statements will come into effect in 2008/2009 but are not relevant to the Group:

 

  •  

IFRIC 14 – IAS 19 The Limit on a Defined Benefit Asset, Minimum Funding Requirements and Their Interaction (January 1, 2008)

 

  •  

IFRIC 12 Service Concession Arrangements (January 1, 2008)

 

  •  

IFRIC 13 Customer Loyalty Programmes (July 1, 2008).

Of the above-listed standards and interpretations, the amendments to IAS 1, IAS 23, IAS 27, IFRS 2, IFRS 3, IFRIC 12, IFRIC 13 and IFRIC 14 had not been adopted by the EU at January 1, 2008. A number of annual improvements to standards and statements are expected in 2008/2009, which have not been adopted by the EU. In the management’s view, none of these new standards or changes to standards is expected to have any influence on the Group’s earnings or financial position at present.

 

18

This excerpt taken from the NDAQ 8-K filed May 2, 2008.

ASSESSMENT OF THE EFFECTS ON OUR FINANCIAL REPORTING RELATING TO FUTURE ACCOUNTING STANDARDS

When the consolidated financial statements were prepared as at December 31, 2007, the following standards and interpretations had been published but had not yet come into effect.

The following standards or statements come into effect in 2008/2009:

 

  •  

IAS 1 Amendment: Presentation of Financial Statements (January 1, 2009)

 

  •  

IAS 23 Amendment: Borrowing Costs (January 1, 2009)

 

  •  

IAS 27 Amendment: Consolidated and Separate Financial Statements (January 1, 2009)

 

  •  

IFRS 2 Amendment: Share-based Payment (January 1, 2009)

 

  •  

IFRS 3 Amendment: Business Combination (July 1, 2009)

 

  •  

IFRS 8 Operating Segments (January 1, 2009)

 

  •  

IFRIC 11 – IFRS 2 Group and Treasury Share Transactions (January 1, 2008).

The following standards or statements will come into effect in 2008/2009 but are not relevant to the Group:

 

  •  

IFRIC 14 – IAS 19 The Limit on a Defined Benefit Asset, Minimum Funding Requirements and Their Interaction (January 1, 2008)

 

  •  

IFRIC 12 Service Concession Arrangements (January 1, 2008)

 

  •  

IFRIC 13 Customer Loyalty Programmes (July 1, 2008).

Of the above-listed standards and interpretations, the amendments to IAS 1, IAS 23, IAS 27, IFRS 2, IFRS 3, IFRIC 12, IFRIC 13 and IFRIC 14 had not been adopted by the EU at January 1, 2008. A number of annual improvements to standards and statements are expected in 2008/2009, which have not been adopted by the EU. In the management’s view, none of these new standards or changes to standards is expected to have any influence on the Group’s earnings or financial position at present.

 

18

EXCERPTS ON THIS PAGE:

8-K
Aug 1, 2008
8-K
May 2, 2008

RELATED TOPICS for NDAQ:

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