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Appendix Amendments to IFRS 1 First-time Adoption of Intern

United Kingdom

Original text. Later amendments are not shown.

This document sets out amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards. The amendments finalise proposals that were contained in an Exposure Draft of Proposed Amendments to this IFRS that was published on 29 April 2005.

Amendment to IFRS 1

Paragraph 36B and the preceding heading are amended as follows.

Exemption from the requirement to present comparative information for IFRS 6

  1. 36B

    An entity that adopts IFRSs before 1 January 2006 and chooses to adopt IFRS 6 Exploration for and Evaluation of Mineral Resources before 1 January 2006 need not apply the requirements of IFRS 6 to comparative information presented in its first IFRS financial statements.