The MFRSs listed in the table are official pronouncements issued by the MASB. MFRSs are issued by the MASB in respect of its application in Malaysia.
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The text of the MFRSs include MFRSs as approved by the MASB for issue up to 30 April 2018 and as required to be applied for annual periods beginning before or on 1 January 2020. Further explanation is available in the “Introduction” section of the 2018 MFRS Bound Volume that was published in May 2018.
The date shown in the “Issue Date” column refers to the date the Standard was first issued.
The “Amendments from other Standards” column contains consequential amendments to a Standard that are a consequence of another Standard or amendments to another Standard with an effective date after 1 January 2020 or issued after 30 April 2018.
The “Explanatory” column contains documents which accompanies the respective Standards but are not part of these Standards. They are IASB 2018 edition of documents accompanying IFRS Standards and Agenda Decisions issued by the IFRS Interpretations Committee (see explanation at the end of the MFRSs table)(1).
Please select the Glossary for Malaysian Financial Reporting Standards for definitions of key words used in the Standards which can be viewed for information purposes only. Please select the MFRS Glossary in Bahasa Malaysia for translations of Glossary for Malaysian Financial Reporting Standards and additional terms from MFRSs, the Basis for Conclusions, Illustrative Examples and Implementation Guidance.
These Standards contain materials in which the IFRS Foundation holds copyright and which have been reproduced in these Standards with the permission of the IFRS Foundation. Copyright in the International Financial Reporting Standards (including International Accounting Standards and SIC and IFRIC Interpretations), International Accounting Standards Board (IASB) Exposure Drafts, and other IASB publications belong to the IFRS Foundation.
All rights are reserved. No part of these Standards may be reproduced, stored in a retrieval system or transmitted in any form or by any means without the prior permission in writing to MASB or as may be expressly permitted by law or under terms agreed with the appropriate reprographics rights organisation. No part of the materials incorporated in these Standards, the copyright of which is held by the IFRS Foundation, may be reproduced, stored in a retrieval system or transmitted in any form or by any means without the prior permission in writing to the IFRS Foundation or as may be expressly permitted by law or under terms agreed with the appropriate reprographics rights organisation.
The numbering of the MFRS corresponds with the equivalent IFRS Standard issued by the IASB. MFRS prefix with “1xx” corresponds with the equivalent IAS.
Standard | Title | Applicable for annual periods beginning on or after: | Issue Date | Status | Amendments from other Standards (effective after 1 January 2020) | Explanatory |
---|---|---|---|---|---|---|
MFRS 1 | First-time Adoption of Malaysian Financial Reporting Standards | 1 Jan 2012 |
19 Nov 2011 |
Enacted | ||
Annual Improvements to MFRS Standards 2018–2020 | 1 Jan 2022 |
5 June 2020 |
Enacted |
- |
||
MFRS 2 | Share-based Payment | 1 Jan 2012 |
19 Nov 2011 |
Enacted |
- |
|
MFRS 3 | Business Combinations | 1 Jan 2012 |
19 Nov 2011 |
Enacted | ||
Definition of a Business (Amendments to MFRS 3) | 1 Jan 2020 |
14 Dec 2018 |
Enacted |
- |
||
Reference to the Conceptual Framework (Amendments to MFRS 3 Business Combinations) | 1 Jan 2022 |
5 June 2020 |
Enacted |
- |
||
MFRS 4 |
[will be superseded by MFRS 17 for periods beginning on or after 1 January 2023] |
1 Jan 2012 |
19 Nov 2011 |
Enacted | -
|
|
Extension of the Temporary Exemption from Applying MFRS 9 (Amendments to MFRS 4 Insurance Contracts) |
Effective immediately |
17 Aug 2020 |
Enacted | - | ||
Interest Rate Benchmark Reform—Phase 2 (Amendments to MFRS 9, MFRS 139, MFRS 7, MFRS 4 and MFRS 16) |
1 Jan 2021 |
30 Sept 2020 |
Enacted | - | ||
MFRS 5 | Non-current Assets Held for Sale and Discontinued Operations | 1 Jan 2012 |
19 Nov 2011 |
Enacted | ||
MFRS 6 | Exploration for and Evaluation of Mineral Resources | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | |
MFRS 7 | Financial Instruments: Disclosures | 1 Jan 2012 |
19 Nov 2011 |
Enacted | ||
Interest Rate Benchmark Reform (Amendments to MFRS 9, MFRS 139 and MFRS 7) | 1 Jan 2020 |
31 Oct 2019 |
Enacted |
- |
Amendments to BC | |
Interest Rate Benchmark Reform—Phase 2 (Amendments to MFRS 9, MFRS 139, MFRS 7, MFRS 4 and MFRS 16) | 1 Jan 2021 |
30 Sept 2020 |
Enacted |
- |
Amendments to BC | |
MFRS 8 | Operating Segments | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | |
MFRS 9 | Financial Instruments (IFRS 9 as issued by IASB in July 2014) | 1 Jan 2018 |
17 Nov 2014 |
Enacted | ||
Interest Rate Benchmark Reform (Amendments to MFRS 9, MFRS 139 and MFRS 7) | 1 Jan 2020 |
31 Oct 2019 |
Enacted |
- |
|
|
Annual Improvements to MFRS Standards 2018–2020 | 1 Jan 2022 |
5 June 2020 |
Enacted |
- |
||
Interest Rate Benchmark Reform—Phase 2 (Amendments to MFRS 9, MFRS 139, MFRS 7, MFRS 4 and MFRS 16) | 1 Jan 2021 |
30 Sept 2020 |
Enacted |
- |
||
MFRS 10 |
1 Jan 2013 |
19 Nov 2011 |
Enacted | - | ||
Deferred |
17 Nov 2014 31 Dec 2015 |
Enacted | - | |||
MFRS 11 | Joint Arrangements | 1 Jan 2013 |
19 Nov 2011 |
Enacted | - | |
MFRS 12 | Disclosure of Interests in Other Entities | 1 Jan 2013 |
19 Nov 2011 |
Enacted | - | |
MFRS 13 | Fair Value Measurement | 1 Jan 2013 |
19 Nov 2011 |
Enacted |
- |
|
MFRS 14 | Regulatory Deferral Accounts | 1 Jan 2016 |
11 July 2014 |
Enacted | - | |
MFRS 15 | Revenue from Contracts with Customers | 1 Jan 2018 |
2 Sept 2014 |
Enacted | ||
MFRS 16 | Leases | 1 Jan 2019 |
15 Apr 2016 |
Enacted | - | |
Covid-19-Related Rent Concessions (Amendment to MFRS 16 Leases) | 1 June 2020 |
5 June 2020 |
Enacted | - | ||
Annual Improvements to MFRS Standards 2018–2020 | - |
5 June 2020 |
Enacted | - | ||
Interest Rate Benchmark Reform—Phase 2 (Amendments to MFRS 9, MFRS 139, MFRS 7, MFRS 4 and MFRS 16) | 1 Jan 2021 |
30 Sept 2020 |
Enacted | - | ||
MFRS 17 | 1 Jan 2023 |
15 Aug 2017 |
Enacted | - | ||
1 Jan 2023 |
17 Aug 2020 |
Enacted | - | |||
MFRS 101 | Presentation of Financial Statements | 1 Jan 2012 |
19 Nov 2011 |
Enacted | ||
Definition of Material (Amendments to MFRS 101) | 1 Jan 2020 |
14 Dec 2018 |
Enacted |
- |
||
Classification of Liabilities as Current or Non-current (Amendments to MFRS 101) | 1 Jan 2023 |
16 Mar 2020 |
Enacted |
- |
||
Classification of Liabilities as Current or Non-current—Deferral of Effective Date | Effective immediately |
17 Aug 2020 |
Enacted |
- |
||
MFRS 102 | Inventories | 1 Jan 2012 |
19 Nov 2011 |
Enacted | -
|
|
MFRS 107 | Statement of Cash Flows | 1 Jan 2012 |
19 Nov 2011 |
Enacted | ||
MFRS 108 | Accounting Policies, Changes in Accounting Estimates and Errors | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | |
Definition of Material (Amendments to MFRS 108) | 1 Jan 2020 |
14 Dec 2018 |
Enacted | - | ||
MFRS 110 | Events after the Reporting Period | 1 Jan 2012 |
19 Nov 2011 |
Enacted | Definition of Material | |
MFRS 111 |
[superseded by MFRS 15 for periods beginning on or after 1 January 2018] |
1 Jan 2012 |
19 Nov 2011 |
Enacted | - |
|
MFRS 112 | Income Taxes | 1 Jan 2012 |
19 Nov 2011 |
Enacted |
- |
|
MFRS 116 | Property, Plant and Equipment | 1 Jan 2012 |
19 Nov 2011 |
Enacted | ||
Property, Plant and Equipment—Proceeds before Intended Use (Amendments to MFRS 116 Property, Plant and Equipment) | 1 Jan 2022 |
5 June 2020 |
Enacted |
- |
||
MFRS 117 |
[superseded by MFRS 16 for periods beginning on or after 1 January 2019] |
1 Jan 2012 |
19 Nov 2011 |
Enacted | - | |
MFRS 118 |
[superseded by MFRS 15 for periods beginning on or after 1 January 2018] |
1 Jan 2012 |
19 Nov 2011 |
Enacted | - | |
MFRS 119 | Employee Benefits | 1 Jan 2013 |
19 Nov 2011 |
Enacted | MFRS 17 | |
MFRS 120 | Accounting for Government Grants and Disclosure of Government Assistance | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | |
MFRS 121 | The Effects of Changes in Foreign Exchange Rates | 1 Jan 2012 |
19 Nov 2011 |
Enacted |
- |
|
MFRS 123 | Borrowing Costs | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | |
MFRS 124 | Related Party Disclosures | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | |
MFRS 126 | Accounting and Reporting by Retirement Benefit Plans | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | - |
MFRS 127 | Separate Financial Statements | 1 Jan 2013 |
19 Nov 2011 |
Enacted | - | |
MFRS 128 | Investments in Associates and Joint Ventures | 1 Jan 2013 |
19 Nov 2011 |
Enacted | ||
Deferred |
17 Nov 2014 31 Dec 2015 |
Enacted | - | |||
MFRS 129 | Financial Reporting in Hyperinflationary Economies | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | |
MFRS 132 | Financial instruments: Presentation | 1 Jan 2012 |
19 Nov 2011 |
Enacted | ||
MFRS 133 | Earnings per Share | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | |
MFRS 134 | Interim Financial Reporting | 1 Jan 2012 |
19 Nov 2011 |
Enacted | ||
MFRS 136 | Impairment of Assets | 1 Jan 2012 |
19 Nov 2011 |
Enacted | ||
MFRS 137 | Provisions, Contingent Liabilities and Contingent Assets | 1 Jan 2012 |
19 Nov 2011 |
Enacted |
|
|
Onerous Contracts—Cost of Fulfilling a Contract (Amendments to MFRS 137 Provisions, Contingent Liabilities and Contingent Assets) | 1 Jan 2022 |
5 June 2020 |
Enacted |
- |
||
MFRS 138 | Intangible Assets | 1 Jan 2012 |
19 Nov 2011 |
Enacted | ||
MFRS 139 | Financial Instruments: Recognition and Measurement | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | |
Interest Rate Benchmark Reform (Amendments to MFRS 9, MFRS 139 and MFRS 7) | 1 Jan 2020 |
31 Oct 2019 |
Enacted | - | ||
Interest Rate Benchmark Reform—Phase 2 (Amendments to MFRS 9, MFRS 139, MFRS 7, MFRS 4 and MFRS 16) | 1 Jan 2021 |
30 Sept 2020 |
Enacted | - | ||
MFRS 140 | Investment Property | 1 Jan 2012 |
19 Nov 2011 |
Enacted | ||
MFRS 141 | Agriculture | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | |
Annual Improvements to MFRS Standards 2018–2020 | 1 Jan 2022 |
5 June 2020 |
Enacted | - | Amendments to BC | |
Annual Improvements to MFRSs 2012–2014 Cycle issued in November 2014 | ||||||
Annual Improvements to MFRS Standards 2014-2016 Cycle issued in December 2016 | ||||||
Annual Improvements to MFRS Standards 2015–2017 Cycle | ||||||
Annual Improvements to MFRS Standards 2018–2020 |