{
  "url": "https://openlegislation.uk/eu-regulation-2009-1136/annex/appendix-D",
  "json_url": "https://openlegislation.uk/eu-regulation-2009-1136/annex/appendix-D.json",
  "legislation": "eur/2009/1136",
  "legislation_title": "Commission Regulation (EC) No 1136/2009 of 25 November 2009 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Financial Reporting Standard (IFRS) 1 (Text with EEA relevance) (revoked)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2009-1136",
  "path": "annex/appendix/D",
  "kind": "appendix",
  "number": "D",
  "heading": "Exemptions from other IFRSs",
  "text": "This appendix is an integral part of the IFRS.\nD1\nAn entity may elect to use one or more of the following exemptions:\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nShare-based payment transactions\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD2\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD3\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nInsurance contracts\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD4\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nFair value or revaluation as deemed cost\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD5\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD6\nA first-time adopter may elect to use a previous GAAP revaluation of an item of property, plant and equipment at, or before, the date of transition to IFRSs as deemed cost at the date of the revaluation, if the revaluation was, at the date of the revaluation, broadly comparable to:\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD7\nThe elections in paragraphs D5 and D6 are also available for:\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD8\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nLeases\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD9\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nEmployee benefits\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD10\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD11\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nCumulative translation differences\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD12\nIAS 21 requires an entity:\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD13\nHowever, a first-time adopter need not comply with these requirements for cumulative translation differences that existed at the date of transition to IFRSs. If a first-time adopter uses this exemption:\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nInvestments in subsidiaries, jointly controlled entities and associates\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD14\nWhen an entity prepares separate financial statements, IAS 27 (as amended in 2008) requires it to account for its investments in subsidiaries, jointly controlled entities and associates either:\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD15\nIf a first-time adopter measures such an investment at cost in accordance with paragraph D14, it shall measure that investment at one of the following amounts in its separate opening IFRS statement of financial position:\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nAssets and liabilities of subsidiaries, associates and joint ventures\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD16\nIf a subsidiary becomes a first-time adopter later than its parent, the subsidiary shall, in its financial statements, measure its assets and liabilities at either:\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD17\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nCompound financial instruments\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD18\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nDesignation of previously recognised financial instruments\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD19\nIAS 39 permits a financial asset to be designated on initial recognition as available for sale or a financial instrument (provided it meets certain criteria) to be designated as a financial asset or financial liability at fair value through profit or loss. Despite this requirement exceptions apply in the following circumstances:\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nFair value measurement of financial assets or financial liabilities at initial recognition\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD20\nNotwithstanding the requirements of paragraphs 7 and 9, an entity may apply the requirements in the last sentence of IAS 39 paragraph AG76 and in paragraph AG76A, in either of the following ways:\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nDecommissioning liabilities included in the cost of property, plant and equipment\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD21\nIFRIC 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities requires specified changes in a decommissioning, restoration or similar liability to be added to or deducted from the cost of the asset to which it relates; the adjusted depreciable amount of the asset is then depreciated prospectively over its remaining useful life. A first-time adopter need not comply with these requirements for changes in such liabilities that occurred before the date of transition to IFRSs. If a first-time adopter uses this exemption, it shall:\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nFinancial assets or intangible assets accounted for in accordance with IFRIC 12\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD22\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nBorrowing costs\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nD23\n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
  "extent": "E+W+S+N.I.",
  "status": "repealed",
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Regulation revoked (31.12.2020) by The International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/685), reg. 1(2), Sch. 2 para. 17 (with reg. 20(2)) (as amended by S.I. 2020/335, regs. 1, 5); 2020 c. 1, Sch. 5 para. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2009/1136/annex/appendix/D",
    "retrieved_at": "2026-11-01T14:51:06.012893+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}