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Commission Regulation (EU) No 243/2010 of 23 March 2010 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 Improvements to International Financial Reporting Standards (IFRSs) (Text with EEA relevance) (revoked)

EU Regulation No 243/2010 · Adopted 23 March 2010 · Extends to United Kingdom

Original text. legislation.gov.uk does not revise this item, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Commission Regulation (EU) No 243/2010

of 23 March 2010

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 Improvements to International Financial Reporting Standards (IFRSs)

(Text with EEA relevance) (revoked)

F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations to the whole text

Textual amendments

F1

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. 23 (with reg. 20(2)) (as amended by S.I. 2020/335, regs. 1, 5); 2020 c. 1, Sch. 5 para. 1(1)

Contents

  1. 1Article 1 Repealed
  2. 2Article 2 Repealed
  3. 3Article 3 Repealed
  4. Signature
  5. Annex Repealed
  6. INTERNATIONAL ACCOUNTING STANDARDSImprovements to International Financial Reporting Standards Repealed
  7. Division Repealed
  8. Amendment to IFRS 2 Share-based Payment Repealed
  9. SCOPE Repealed
  10. 5Division 5 Repealed
  11. EFFECTIVE DATE Repealed
  12. 61Division 61 Repealed
  13. Amendment to IFRS 5 Non-current Assets Held for Sale and Discontinued Operations Repealed
  14. SCOPE Repealed
  15. 5BThis IFRS specifies the disclosures required in respect of non-current assets (or disposal groups) classified as held for sale or discontinued operations. Disclosures in other IFRSs do not apply to such assets (or disposal groups) unless those IFRSs require: Repealed
  16. EFFECTIVE DATE Repealed
  17. 44EDivision 44E Repealed
  18. Amendment to IFRS 8 Operating Segments Repealed
  19. DISCLOSURE Repealed
  20. Information about profit or loss, assets and liabilities Repealed
  21. 23An entity shall report a measure of profit or loss for each reportable segment. An entity shall report a measure of total assets and liabilities for each reportable segment if such amounts are regularly provided to the chief operating decision maker. An entity shall also disclose the following about each reportable segment if the specified amounts are included in the measure of segment profit or loss reviewed by the chief operating decision maker, or are otherwise regularly provided to the chief operating decision maker even if not included in that measure of segment profit or loss: Repealed
  22. TRANSITION AND EFFECTIVE DATE Repealed
  23. 35ADivision 35A Repealed
  24. 36Division 36 Repealed
  25. Amendment to IAS 1 Presentation of Financial Statements Repealed
  26. STRUCTURE AND CONTENT Repealed
  27. Statement of financial position Repealed
  28. Current liabilities Repealed
  29. 69An entity shall classify a liability as current when: Repealed
  30. TRANSITION AND EFFECTIVE DATE Repealed
  31. 139DDivision 139D Repealed
  32. Amendment to IAS 7 Statement of Cash Flows Repealed
  33. PRESENTATION OF A STATEMENT OF CASH FLOWS Repealed
  34. Investing activities Repealed
  35. 16The separate disclosure of cash flows arising from investing activities is important because the cash flows represent the extent to which expenditures have been made for resources intended to generate future income and cash flows. Only expenditures that result in a recognised asset in the statement of financial position are eligible for classification as investing activities. Examples of cash flows arising from investing activities are: Repealed
  36. EFFECTIVE DATE Repealed
  37. 56Division 56 Repealed
  38. Amendment to IAS 17 Leases Repealed
  39. CLASSIFICATION OF LEASES Repealed
  40. 14Division 14 Repealed
  41. 15Division 15 Repealed
  42. 15ADivision 15A Repealed
  43. TRANSITIONAL PROVISIONS Repealed
  44. 68AAn entity shall reassess the classification of land elements of unexpired leases at the date it adopts the amendments referred to in paragraph 69A on the basis of information existing at the inception of those leases. It shall recognise a lease newly classified as a finance lease retrospectively in accordance with IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. However, if an entity does not have the information necessary to apply the amendments retrospectively, it shall: Repealed
  45. EFFECTIVE DATE Repealed
  46. 69ADivision 69A Repealed
  47. Amendment to IAS 36 Impairment of Assets Repealed
  48. CASH-GENERATING UNITS AND GOODWILL Repealed
  49. Recoverable amount and carrying amount of a cash-generating unit Repealed
  50. Goodwill Repealed
  51. Allocating goodwill to cash-generating units Repealed
  52. 80For the purpose of impairment testing, goodwill acquired in a business combination shall, from the acquisition date, be allocated to each of the acquirer’s cash-generating units, or groups of cash-generating units, that is expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units or groups of units. Each unit or group of units to which the goodwill is so allocated shall: Repealed
  53. TRANSITIONAL PROVISIONS AND EFFECTIVE DATE Repealed
  54. 140EDivision 140E Repealed
  55. Amendment to IAS 38 Intangible Assets Repealed
  56. RECOGNITION AND MEASUREMENT Repealed
  57. Acquisition as part of a business combination Repealed
  58. Measuring the fair value of an intangible asset acquired in a business combination Repealed
  59. 36Division 36 Repealed
  60. 37Division 37 Repealed
  61. 40Division 40 Repealed
  62. 41Entities that are involved in the purchase and sale of intangible assets may have developed techniques for estimating their fair values indirectly. These techniques may be used for initial measurement of an intangible asset acquired in a business combination if their objective is to estimate fair value and if they reflect current transactions and practices in the industry to which the asset belongs. These techniques include, for example: Repealed
  63. TRANSITIONAL PROVISIONS AND EFFECTIVE DATE Repealed
  64. 130CDivision 130C Repealed
  65. 130EDivision 130E Repealed
  66. Amendment to IAS 39 Financial Instruments: Recognition and Measurement Repealed
  67. SCOPE Repealed
  68. 2This Standard shall be applied by all entities to all types of financial instruments except: Repealed
  69. HEDGING Repealed
  70. Hedged items Repealed
  71. Qualifying items Repealed
  72. 80Division 80 Repealed
  73. Hedge accounting Repealed
  74. Cash flow hedges Repealed
  75. 97Division 97 Repealed
  76. 100Division 100 Repealed
  77. EFFECTIVE DATE AND TRANSITION Repealed
  78. 103KDivision 103K Repealed
  79. 108CDivision 108C Repealed
  80. Amendment to application guidance on IAS 39 Financial Instruments: Recognition and Measurement Repealed
  81. EMBEDDED DERIVATIVES (PARAGRAPHS 10–13) Repealed
  82. AG30The economic characteristics and risks of an embedded derivative are not closely related to the host contract (paragraph 11(a)) in the following examples. In these examples, assuming the conditions in paragraph 11(b) and (c) are met, an entity accounts for the embedded derivative separately from the host contract. Repealed
  83. Amendment to IFRIC 9 Reassessment of Embedded Derivatives Repealed
  84. SCOPE Repealed
  85. 5This interpretation does not apply to embedded derivatives in contracts acquired in: Repealed
  86. EFFECTIVE DATE AND TRANSITION Repealed
  87. 11Division 11 Repealed
  88. Amendment to IFRIC Interpretation 16 Hedges of a Net Investment in a Foreign Operation Repealed
  89. CONSENSUS Repealed
  90. Where the hedging instrument can be held Repealed
  91. 14Division 14 Repealed
  92. EFFECTIVE DATE Repealed
  93. 18Division 18 Repealed