BMW 2015 Annual Report Download - page 110

110
In November 2009 the IASB issued IFRS 9 (Financial
Instruments) as part of a project to revise the accounting
for financial instruments. This Standard marks the first
(b) Financial reporting pronouncements issued by the IASB, but not yet applied
of three phases of the IASB project to replace the exist-
ing IAS 39 (Financial Instruments: Recognition and
Measurement). The first phase deals initially only with
Standard / Interpretation Date of Date of Date of Expected impact
issue by IASB mandatory mandatory on BMW Group
application application
IASB EU
IFRS 9 Financial Instruments 12. 11. 2009
28. 10. 2010
16. 12. 2011
19. 11. 2013
24. 7. 2014
/
/
/
/
1. 1. 2018 No Significant in principle
IFRS 10 /
IAS 28
Sale or Contribution of Assets between an
Investor and an Associate or Joint Venture
(Amendments to IFRS 10 and IAS 28)
11. 9. 2014 –1 No Insignificant
IFRS 10 /
IFRS 12 /
IAS 28
Investment Entities: Applying the
Consolidation Exception (Amendments to
IFRS 10, IFRS 12 and IAS 28)
18. 12. 2014 1. 1. 2016 No Insignificant
IFRS 11 Acquisition of an Interest in a Joint Operation
(Amendments to IFRS 11)
6. 5. 2014 1. 1. 2016 1. 1. 2016 Insignificant
IFRS 14 Regulatory Deferral Accounts 30. 1. 2014 1. 1. 2016 No2 Insignificant
IFRS 15 Revenue from Contracts with Customers 28. 5. 2014
11. 9. 2015
/ 1. 1. 2018 No Significant in principle
IFRS 16 Leases 13. 1. 2016 1. 1. 2019 No Significant in principle
IAS 1 Presentation of Financial Statements
(Initiative to Improve Disclosure Require-
ments – Amendments to IAS 1)
18. 12. 2014 1. 1. 2016 1. 1. 2016 Significant in principle
IAS 7 Cash Flow Statements (Initiative to
Improve Disclosure Requirements –
Amendments to IAS 7)
29. 1. 2016 1. 1. 2017 No Insignificant
IAS 12 Recognition of Deferred Tax Assets
for Unrealised Losses
(Amendments to IAS 12)
19. 1. 2016 1. 1. 2017 No Insignificant
IAS 16 /
IAS 38
Clarification of Acceptable Methods of
Depreciation and Amortisation
(Amendments to IAS 16 and IAS 38)
12. 5. 2014 1. 1. 2016 1. 1. 2016 Insignificant
IAS 16 /
IAS 41
Agriculture: Bearer Plants
(Amendments to IAS 16 and IAS 41)
30. 6. 2014 1. 1. 2016 1. 1. 2016 None
IAS 27 Equity Method in Separate Financial
Statements (Amendments to IAS 27)
12. 8. 2014 1. 1. 2016 1. 1. 2016 None
Annual Improvements to IFRS 2012 – 2014 25. 9. 2014 1. 1. 2016 1. 1. 2016 Insignificant
Amendments to “International Financial
Reporting Standard for Small and Medium-
sized Entities” (IFRS for SMEs)
21. 5. 2015 1. 1. 2017 No None
1 The mandatory effective date for the Amendments was deferred by the IASB for an indefinite period on 17 December 2015.
2 Interim standard IFRS 14 will not be endorsed into EU law.
90 GROUP FINANCIAL STATEMENTS
90 Income Statements
90 Statement of
Comprehensive Income
92 Balance Sheets
94 Cash Flow Statements
96 Group Statement of Changes in
Equity
98 Notes
98 Accounting Principles and
Policies
113 Notes to the Income Statement
121 Notes to the Statement
of Comprehensive Income
122
Notes to the Balance Sheet
147 Other Disclosures
163 Segment Information