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 31 March 2021 and as required to be applied for annual reporting periods beginning on 1 January 2023. Further explanation is available in the “Introduction” section of the 2021 MFRS Bound Volume.
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 2023 or issued after 31 March 2021.
The “Explanatory” column contains documents which accompanies the respective Standards but are not part of these Standards. They are IASB 2021 edition of documents accompanying IFRS Standards.
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 with the permission of the IFRS Foundation. Copyright in IFRS Standards (including Interpretations), IASB Exposure Drafts and other IASB publications belongs to the IFRS Foundation.
All rights are reserved. No part of this publication, 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 written permission of MASB and 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 2021) | Explanatory |
---|---|---|---|---|---|---|
MFRS 1 | First-time Adoption of Malaysian Financial Reporting Standards | 1 Jan 2012 |
19 Nov 2011 |
Enacted | ||
MFRS 2 | Share-based Payment | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | |
MFRS 3 | Business Combinations | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | |
MFRS 4 |
[superseded by MFRS 17 for annual reporting 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) |
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 | - | BC |
MFRS 7 | Financial Instruments: Disclosures | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | |
Supplier Finance Arrangements (Amendments to MFRS 107 and MFRS 7) | 1 Jan 2024 |
30 June 2023 |
Enacted | - | ||
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 | - | |
MFRS 10 | Consolidated Financial Statements |
1 Jan 2013 |
19 Nov 2011 |
Enacted | - | |
Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to MFRS 10 and MFRS 128) | 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 | - | BC |
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 beyond 30 June 2021 (Amendment to MFRS 16) |
1 April 2021 |
6 Apr 2021 |
Enacted | - | ||
Lease Liability in a Sale and Leaseback (Amendments to MFRS 16) | 1 January 2024 |
1 Nov 2022 |
Enacted | - | ||
MFRS 17 | Insurance Contracts | 1 Jan 2023 |
15 Aug 2017 |
Enacted | - | |
Initial Application of MFRS 17 and MFRS 9—Comparative Information (Amendment to MFRS 17) |
1 Jan 2023 |
30 Dec 2021 |
Enacted | - | ||
MFRS 101 | Presentation of Financial Statements | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | |
Non-current Liabilities with Covenants (Amendments to MFRS 101) | 1 January 2024 |
15 Dec 2022 |
Enacted | - | ||
MFRS 102 | Inventories | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | BC |
MFRS 107 | Statement of Cash Flows | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | |
Supplier Finance Arrangements |
1 Jan 2024 |
30 June 2023 |
Enacted | - | ||
MFRS 108 | Accounting Policies, Changes in Accounting Estimates and Errors | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | |
MFRS 110 | Events after the Reporting Period | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | BC |
MFRS 112 | Income Taxes | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | |
Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Amendments to MFRS 112) |
1 Jan 2023 |
30 June 2021 |
Enacted | - | ||
International Tax Reform—Pillar Two Model Rules (Amendments to MFRS 112) | Refer paragraph 98M of MFRS 112 |
2 June 2023 |
Enacted | - | ||
MFRS 116 | Property, Plant and Equipment | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | BC |
MFRS 119 | Employee Benefits | 1 Jan 2013 |
19 Nov 2011 |
Enacted | - | BC |
MFRS 120 | Accounting for Government Grants and Disclosure of Government Assistance | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | BC |
MFRS 121 | The Effects of Changes in Foreign Exchange Rates | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | BC |
Lack of Exchangeability (Amendments to MFRS 121) |
1 Jan 2025 |
8 Sept 2023 |
Enacted | - | ||
MFRS 123 | Borrowing Costs | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | BC |
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 | - | BC |
MFRS 128 | Investments in Associates and Joint Ventures | 1 Jan 2013 |
19 Nov 2011 |
Enacted | - | BC |
Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to MFRS 10 and MFRS 128) | Deferred |
17 Nov 2014 31 Dec 2015 |
Enacted | - | - | |
MFRS 129 | Financial Reporting in Hyperinflationary Economies | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | BC |
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 | - | |
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 | - | |
MFRS 140 | Investment Property | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - | BC |
MFRS 141 | Agriculture | 1 Jan 2012 |
19 Nov 2011 |
Enacted | - |