Changes in this edition

Changes in this edition

This section is a brief guide to the changes since the 2006 edition that are incorporated in this edition of the Bound Volume of International Financial Reporting Standards.

Introduction
The main changes in this edition of the Bound Volume are the inclusion of: one new standar dIFRS 8 four new Interpretation sIFRICs 912 amendment s to other IFRSs resulting from these prono uncements Preface to International Financial Reporting

amendment s to the Standards.

IAS 14, which is being superseded by IFRS 8 (see below), has been omitted. Also includ ed is the Due Process Handbook for the IASB, which was published in April 2006. The Preface to International Financial Reporting Interpretations has been omitt ed because it is being supers eded by the Due Process Handbook for the IFRIC. The Handbook is being prepared for publication early in 2007.

New pronouncements
Details of the new standard and Interpretat ions includ ed in this edition are as follow s.

IFRS 8
IFRS 8 Operating Segments supersedes IAS 14 Segment Reporting. The IFRS is requ ired to be appli ed from 1 Janua ry 2009, but earli er appli cation is permitt ed.

IFRIC 9IFRIC 12
The four new Interpretatio ns develo ped by the Internatio nal Financial Reporting Interpreta tions Commit tee (IFRI ) and included in this edition are: C IFRIC Derivatives 9 Reassessment of Embedded

IFRIC 10 Interim Financial Reporting and Impairment IFRS 2Group and Treasury Share

IFRIC 11 Transactions

IFRIC 12 Service Concession Arrangements.

IFRIC 9 is requi red to be applied for annual peri ods begin ning on or after 1 June 2006. IFRIC 10 is required to be applied from 1 November 2006 and IFRIC 11 from 1 March 2007. IFRIC 12 is requi red to be applie d from 1 Januar y 2008. Earlier application of IFRICs 9 and 10 is encouraged; earlier application of IFRICs 11 and 12 is permitted.

IASCF

Changes in this edition

Other new material

A brief history of each pronounceme nt has been added to its title pag e.

Other material that has changed

Some editorial changes have been made for this editio n. First, for consistency and to avoid needl ess repetition, cross-ref erences wit hin an IFRS now generally cite the full title of another pron ouncement only upon its first appearance; subseq uent references in that IFRS cite only the short-form title. Second, for the convenience of reader s, in IASCs Basis for Conclusions on IAS 40 the cross-r eferences to IASCs standard have been marked to refer to the present ver sion of the standard. Elsewhere footnotes have been added to assist the reader. Minor editorial correctio ns (including necessary updati ng) have been made: a list of these is available on the Website. Lastly, the Glossary of Terms and the Index have been revised.

Up-to-date text of documents

The text of this edition of the Bound Volume includes the late st versio ns of all IFRSs (including IASs and Interpretations) issued up to 31 Decembe r 2006 and requi red to be appli ed on 1 Janua ry 2007 or from a future date.

IASCF