# Commission Regulation (EU) 2018/519 of 28 March 2018 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 Interpretation 22 of the International Financial Reporting Interpretations Committee (Text with EEA relevance) (revoked)

EU Regulation 2018/519 · adopted 28 March 2018

Commission Regulation (EU) 2018/519 of 28 March 2018 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 Interpretation 22 of the International Financial Reporting Interpretations Committee (Text with EEA relevance)

PDFs: Printed copy https://openlegislation.uk/eu-regulation-2018-519/pdf/eur_20180519_adopted_en.pdf

## Introductory text

Commission Regulation (EU) 2018/519
of 28 March 2018
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 Interpretation 22 of the International Financial Reporting Interpretations Committee
(Text with EEA relevance) (revoked)
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## 1 

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## 2 

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## 3 

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## Signature

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## Annex: IFRIC® Interpretation 22

## Foreign Currency Transactions and Advance Consideration

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## REFERENCES

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## BACKGROUND

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## 1 

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## 2 

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## 3 

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## SCOPE

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## 4 

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## 5 This Interpretation does not apply when an entity measures the related asset, expense or income on initial recognition:

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## 6 An entity is not required to apply this Interpretation to:

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## ISSUE

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## 7 

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## CONSENSUS

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## 8 

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## 9 

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## A Effective date and transition

This Appendix is an integral part of IFRIC 22 and has the same authority as the other parts of IFRIC 22.
EFFECTIVE DATE
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A1
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TRANSITION
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A2
On initial application, an entity shall apply this Interpretation either:
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A3
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## B 

The amendment in this Appendix shall be applied for annual reporting periods beginning on or after 1 January 2018. If an entity applies this Interpretation for an earlier period this amendment shall be applied for that earlier period.
Amendment to IFRS 1 First-time Adoption of International Financial Reporting Standards
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39AC
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D1
An entity may elect to use one or more of the following exemptions:
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Foreign Currency Transactions and Advance Consideration
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D36
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Source: https://www.legislation.gov.uk/eur/2018/519 (the official version)
Page: https://openlegislation.uk/eu-regulation-2018-519
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.