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'Superseded' Exposure Drafts

Superseded Exposure Drafts

The exposure drafts listed below had been superseded by MASB Standard. The numbering of the Standards may not necessarily correspond to the numbering of the exposure drafts.

[1] Superseded MASB Exposure Drafts (ED)

ED 50

ED Reference	ED Title	ED Issuance Date	Status/ Remarks
MASB ED 1	Presentation of Financial Statements	Jul 1998	Issued as MASB 1 in July 1999
MASB ED 2	Inventories	Jul 1998	Issued as MASB 2 in July 1999
MASB ED 3	Net Profit or Loss for the Period, Fundamental Errors and Changes in Accounting Policies	Jul 1998	Issued as MASB 3 in July 1999
MASB ED 4	The Effect of Changes in Foreign Exchange Rates	Jul 1998	Issued as MASB 6 in July 1999
MASB ED 5	Cash Flow Statements	Aug 1998	Issued as MASB 5 in July 1999
MASB ED 6	Research and Development Costs	Aug 1998	Issued as MASB 4 in July 1999
MASB ED 7	Construction Contracts	Aug 1998	Issued as MASB 7 in July 1999
MASB ED 8	Related Party Disclosures	Aug 1998	Issued as MASB 8 in Dec 1999
MASB ED 9	Consolidated Financial Statements and Investments in Subsidiaries	Oct 1998	Issued as MASB 11 in Dec 1999
MASB ED 10	Investment in Associates	Oct 1998	Issued as MASB 12 in Dec 1999
MASB ED 11	Revenue	Oct 1998	Issued as MASB 9 in Dec 1999
MASB ED 12	Leases	Nov 1998	Issued as MASB 10 in Dec 1999
MASB ED 13	Earnings Per Share	Apr 1999	Issued as MASB 13 in Dec 1999
MASB ED 14	Financial Reporting of Interests in Joint Venture	May 1999	Issued as ED 14 (Revised) in Feb 2000 and as MASB 16 in June 2000
MASB ED 15	Depreciation Accounting	Jul 1999	Issued as MASB 14 in June 2000
MASB ED 16	Property, Plant & Equipment	Sep 1999	Issued as MASB 15 in June 2000
MASB ED 17	General Insurance Business	Jan 2000	Issued as MASB 17 in Dec 2000
MASB ED 18	Life Insurance Business	Jan 2000	Issued as MASB 18 in Dec 2000
MASB ED 19R	Borrowing Costs	Aug 2001	Issued as MASB 27 in Dec 2001
MASB ED 20	Events After the Balance Sheet Date	Jan 2000	Issued as MASB 19 in Dec 2000
MASB ED 21	Provisions, Contingent Liabilities and Contingent Assets	Jan 2000	Issued as MASB 20 in Dec 2000
MASB ED 22	Segment Reporting	Mar 2000	Issued as MASB 22 in Mar 2001
MASB ED 23	Business Combinations	Mar 2000	Issued as MASB 21 in Dec 2000
MASB ED 24	Financial Instruments; Disclosure and Presentation	Mar 2000	Issued as MASB 24 in Mar 2001
MASB ED 25	Impairment of Assets	Mar 2000	Issued as MASB 23 in Mar 2001
MASB ED 26	Financial Reporting by Unit Trusts	Jun 2000	Superseded by FRS 132 in Feb 2006
MASB ED 27R	Property Development Activities	Dec 2001	Issued as MASB 32 in June 2003
MASB ED 28	Goodwill	Nov 2001	To combine into Business Combinations Std.
MASB ED 29	Income Taxes	Feb 2001	Issued as MASB 25 in Dec 2001
MASB ED 30	Interim Financial Reporting	Mar 2001	Issued as MASB 26 in Dec 2001
MASB ED 31R	Investment Property	Nov 2004	Issued as FRS 140 in Feb 2006
MASB ED 32	Discontinuing Operations	Aug 2001	Issued as MASB 28 in Mar 2002
MASB ED 33	Employee Benefits	Aug 2001	Issued as MASB 29 in Mar 2002
MASB ED 34	Accounting and Reporting by Retirement Benefit Plans	Nov 2001	Issued as MASB 30 in June 2002
MASB ED 35R	Financial Instruments: Recognition and Measurement	Dec 2004	Issued as ED 35 (Revised) in Dec 2004
MASB ED 36	Accounting for Government Aid	Jul 2002	Issued as MASB 31 in June 2003
MASB ED 37	Proposed Improvements to MASB Standards	Jul 2004	Issued as FRS 102, FRS 116, FRS 110 and FRS 124 in Feb 2006
MASB ED 38	Proposed Improvements to MASB Standards	Sep 2004	Issued as FRS 101, FRS 108 and FRS 121 in Feb 2006
MASB ED 39	Non-current Assets Held for Sale and Discontinued Operations	Sep 2004	Issued as FRS 5 in Feb 2006
MASB ED 40	Business Combinations	Nov 2004	Issued as FRS 3 in Feb 2006
MASB ED 41	Impairment of Assets	Nov 2004	Issued as FRS 136 in Feb 2006
MASB ED 42	Intangible Assets	Nov 2004	Issued as FRS 138 in Feb 2006
MASB ED 43	Proposed Improvements on MASB Standard on Leases	Nov 2004	Issued as FRS 117 in Feb 2006
MASB ED 44	Share-based Payment	Dec 2004	Issued as FRS 2 in Feb 2006
MASB ED 45	Proposed Improvements to MASB Standard on Financial Instruments: Disclosure and Presentation	Dec 2004	Issued as FRS 132 in Feb 2006
MASB ED 46	Proposed Improvements to Financial Reporting Standards	Jan 2005	Issued as FRS 127, FRS 128, FRS 131 and FRS 133 in Feb 2006
MASB ED 47	First-time Adoption of Financial Reporting Standards	Jan 2005	Issued as FRS 1 in Feb 2006
MASB ED 48	Exploration for and Evaluation of Mineral Resources	May 2005	Issued as FRS 6 in Aug 2006
MASB ED 49	Amendment to FRS 119 Employee Benefits: Actuarial Gains and Losses, Group Plans and Disclosures	Jul 2005	Issued as Amendment to FRS 1192004 Employee Benefits - Actuarial Gains and Losses, Group Plans and Disclosures in Aug 2006
MASB ED 51	Insurance Contracts	Jan 2006	Issued as FRS 4 in November 2008
MASB ED 53	Framework for the Preparation and Presentation of Financial Statements	Aug 2006	Issued as Framework for the Preparation and Presentation of Financial Statements in June 2007
MASB ED 54	Amendment to FRS 121 The Effects of Changes in Foreign Exchange Rates - Net Investment in a Foreign Operation	Sep 2006	Issued as Amendment to FRS 121 in Feb 2007
MASB ED 55	Proposed Amendments to Financial Reporting Standards	Mar 2007	Issued as FRS 107, FRS 111, FRS 112, FRS 118, FRS 119, FRS 120, FRS 126, FRS 129, FRS 134 and FRS 137 in June 2007
MASB ED 56	Financial Instruments: Disclosures	Jun 2007	Issued as FRS 7 in November 2008
MASB ED 57	Operating Segments	Jun 2007	Issued as FRS 8 in November 2008
MASB ED 58	Borrowing Costs	Nov 2008	Issued as FRS 123 in May 2009
MASB ED 59	Amendment to Financial Reporting Standard 2 Share-based Payment: Vesting Conditions and Cancellations	Nov 2008	Issued as Amendments to FRS 2 in May 2009
MASB ED 60	Amendments to FRS 1 and FRS 127	Jan 2009	Issued as Amendments to FRS 1 and FRS 127 in May 2009
MASB ED 61	Presentation of Financial Statements	Feb 2009	Issued as FRS 101 in September 2009
MASB ED 63	Amendments to Standards on Financial Instruments	Feb 2009	Issued in September 2009 as: Amendments to FRS 132; and Amendments to FRS 139, FRS 7 and IC Interpretation 9
MASB ED 64	Business Combinations	Jun 2009	Issued as FRS 3 in January 2010
MASB ED 65	Consolidated and Separate Financial Statements	Jun 2009	Issued as FRS 127 in January 2010
MASB ED 66	First-time Adoption of Financial Reporting Standards	Jun 2009	Issued as FRS 1 in January 2010
MASB ED 67	Improving Disclosures about Financial Instruments (Amendments to FRS 7)	Oct 2009	Issued as Amendments to FRS 7 in March 2010
MASB ED 68	Group Cash-settled Share-based Payment Transactions (Amendments to FRS 2)	Nov 2009	Issued as Amendments to FRS 2 in July 2010
MASB ED 69	Financial Instruments	Dec 2009	Issued as FRS 9 Financial Instruments and MFRS 9 Financial Instruments in November 2011
MASB ED 70	Technical Release 3 Guidance on Disclosures of Transition to IFRSs	Dec 2009	Issued as Technical Release 3 in July 2010
MASB ED 71	Additional Exemptions for First-time Adopters (Amendments to FRS 1)	Jan 2009	Issued as Amendments to FRS 1 in July 2010
MASB ED 73	Related Party Disclosures	April 2010	Issued as FRS 124 in November 2010
MASB ED 75	IFRS-compliant Financial Reporting Standards	June 2011	Issued as Malaysian Financial Reporting Standards in November 2011
MASB ED 76	Management Commentary	April 2012	Issued as SOP 3 in February 2013
[draft] IC Interpretations	[draft] IC Interpretations 1, 2, 5	Feb 2006	Issued as IC Interpretation 1, 2, 5, 6, 7, 8 in Feb 2007
[draft] IC Interpretations	[draft] IC Interpretations 6, 7, 8	May 2006	Issued as IC Interpretation 1, 2, 5, 6, 7, 8 in Feb 2007
[draft] IC Interpretations	[draft] IC Interpretations 9 & 10	Mar 2007	Issued as IC Interpretation 9 & 10 in November 2008
[draft] IC Interpretations	[draft] IC Interpretations 11,13,14	Nov 2008	Issued as IC Interpretations 11,13,14 in May 2009
[draft] IC Interpretations	[draft] IC Interpretation 12	Nov 2008	Issued as IC Interpretation 12 in January 2010
[draft] IC Interpretations	[draft] IC Interpretations 15,16,17	Jun 2009	Issued as IC Interpretations 15,16,17 in January 2010
[draft] IC Interpretations	[draft] IC Interpretations 4, 18	Oct 2009	Issued as IC Interpretations 4, 18 in July 2010
[draft] IC Interpretations	[draft] IC Interpretation 19 and [draft] Amendments to IC Interpretation 14	June 2010	Issued as IC Interpretation 19 and Amendments to IC Interpretation 14 in November 2010
MASB ED i-1	Presentation of Financial Statements of Islamic Banks and Similar Financial Institutions	Dec 2000	Issued as MASB i-1 in Dec 2000
MASB ED i-2	Ijarah	Jul 2004	Issued as TR i-2 in April 2006
MASB ED i-3	Presentation of Financial Statements of Islamic Financial Institutions	Feb 2009	Issued as TR i-3 in September 2009
MASB ED i-4	Shariah Compliant Sale Contracts	Oct 2009	Issued as Technical Release i-4 in July 2010

[2] Superseded IASB Exposure Drafts, Draft IFRIC Interpretations and other draft pronouncements

Given the MASB’s decision that Malaysia will converge with International Financial Reporting Standards (IFRS) in 2012, the MASB has revised its due process (click here for the due process) so that standards can be put in place for adoption and application in Malaysia within a timely manner . As such, the MASB issues IASB draft pronouncements simultaneously during the IASB’s exposure period as the Board will not issue exposure drafts based upon IASB finalised pronouncements.

The following superseded IASB Draft Pronouncements refer to draft pronouncements issued by the MASB simultaneously during the IASB’s exposure period.

Reference	Title	Issuance Date of the Drafts	Status/ Remarks
IASB ED/2010/3	Defined Benefit Plans (Proposed amendments to IAS 19)	April 2010	Finalised by IASB as IAS 19 in June 2011 Issued by MASB as MFRS 119 and FRS 119 (as amended in November 2011) in November 2011
IASB ED/2010/4	Fair Value Option for Financial Liabilities	May 2010	Finalised by IASB and included in IFRS 9 issued in October 2010 Included in MFRS 9 (IFRS 9 issued by IASB in October 2010) and FRS 9 (IFRS 9 issued by IASB in October 2010) as issued by MASB
IASB ED/2010/5	Presentation of Items of Other Comprehensive Income (Proposed amendments to IAS 1)	May 2010	Finalised by IASB as Amendments to IAS 1 in June 2011 Issued by MASB as Amendments to MFRS 101 and Amendments to FRS 101 in November 2011
IASB ED/2010/6	Measurement Uncertainty Analysis –Disclosure for Fair Value Measurements (Limited re-exposure of proposed disclosure)	June 2010	Finalised by IASB as IFRS 13 in May 2011 Issued by MASB as MFRS 13 and FRS 13 in November 2011
IASB ED/2010/10	Removal of Fixed Dates for First-time Adopters (Proposed amendments to IFRS 1)	August 2010	Finalised by IASB as Amendments to IFRS 1 in December 2010 Issued by MASB as part of MFRS 1 and as Amendments to FRS 1 in November 2011
Draft IFRIC Interpretation DI/2010/1	Stripping Costs in the Production Phase of a Surface Mine	August 2010	Finalised by IASB as IFRIC Interpretation 20 in October 2011 Issued by MASB as IC Int. 20 in November 2011
IASB ED/2010/11	Deferred Tax: Recovery of Underlying Assets (Proposed amendments to IAS 12)	September 2010	Finalised by IASB as Amendments to IAS 12 in December 2010 Issued by MASB as part of MFRS 112 and as Amendments to FRS 112 in November 2011
IASB ED/2010/12	Severe Hyperinflation (Proposed amendments to IFRS 1)	September 2010	Finalised by IASB as Amendments to IFRS 1 in December 2010 Issued by MASB as part of MFRS 1 and as Amendments to FRS 1 in November 2011
IASB ED/2011/1	Offsetting Financial Assets and Financial Liabilities	January 2011	Finalised by IASB as Amendments to IFRS 7 and IAS 32 in December 2011 Issued by MASB as Amendments to MFRS 7 and MFRS 132 and Amendments to FRS 7 and FRS 132 in March 2012.
IASB SMEIG Draft Q&A	Section 1, Issue 1 - Use of IFRS for SMEs in a parent’s separate financial statements	February 2011	Finalised by IASB SMEIG as Final Q&A 2011/01 in June 2011
	Section 1, Entities that typically have public accountability Section 1, Issue 3 – Interpretation of “traded in public market”	April 2011	Finalised by IASB SMEIG as Final Q&As 2011/02 and 2011/03 in December 2011
	General, Issue 2 – Interpretation of the ‘undue cost or effort’ and ‘impracticable’ Section 3, Issue 1 – Jurisdiction requires fallback to full IFRSs	September 2011	Finalised by IASB SMEIG as Final Q&As 2012/01 & 2012/02 in April 2012
IASB ED/2011/3	Mandatory Effective Date of IFRS 9	August 2011	Finalised by IASB as Amendments to IFRS 9 in December 2011 Issued by MASB as Amendments to MFRS 9 (IFRS 9 issued by IASB in November 2009), MFRS 9 (IFRS 9 issued by IASB in October 2010) and MFRS 7 and Amendments to FRS 9 (IFRS 9 issued by IASB in November 2009), FRS 9 (IFRS 9 issued by IASB in October 2010) and FRS 7 in March 2012.
IASB ED/2011/5	Government Loans (proposed amendments to IFRS 1)	October 2011	Finalised by IASB as amendments to IFRS 1 in March 2012 Issued by MASB as Amendments to MFRS 1 and Amendments to FRS 1 in April 2012.
IASB SMEIG Draft Q&A	Section 11, Issue 1 – Fallback to IFRS 9 Financial Instruments Section 30, Issue 1 – Recycling of cumulative exchange differences on disposal of a subsidiary	November 2011	Finalised by IASB SMEIG as Final Q&As 2012/03 and 2012/04 in April 2012.
IASB ED/2011/2	Improvements to IFRSs	June 2011	Finalised by IASB as Annual Improvements to IFRSs (2009-2011 cycle) in May 2012.
IASB ED/2011/7	Transition Guidance (Proposed amendments to IFRS 10)	December 2011	Finalised by IASB as Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance (Amendments to IFRS 10, IFRS 11 and IFRS 12) in June 2012. Issued by MASB as Amendments to MFRS 10, MFRS 11 and MFRS 12 & Amendments to FRS 10, FRS 11 and FRS 12 respectively in July 2012.
IASB ED/2011/4	Investment Entities	August 2011	Finalised by IASB as Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27) in October 2012. Issued by MASB as Amendments to MFRS 10, MFRS 12 and MFRS 127 & Amendments to FRS 10, FRS 12 and FRS 127 in February 2013.
IASB Request for Views	Agenda Consultation	July 2011	Finalised by IASB as Feedback Statement: Agenda Consultation 2011 in December 2012