Malaysian Financial Reporting Standards (MFRSs)


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

Amendments to MFRS 112

Amendments to MFRS 121

MFRS 18

MFRS 19

BC

IG

Amendments to BC

Amendments to BC (June 2024)

Amendments to IG (June 2024)

  Annual Improvements to MFRS Accounting Standards—Volume 11 1 Jan 2026

19 Sept 2024

Enacted -

Amendments to BC (Sept 2024)

MFRS 2 Share-based Payment 1 Jan 2012

19 Nov 2011

Enacted MFRS 18

BC

IG

Amendments to IG (June 2024)

MFRS 3 Business Combinations 1 Jan 2012

19 Nov 2011

Enacted MFRS 18

BC

IE

Amendments to BC (June 2024)

MFRS 4

Insurance Contracts

[superseded by MFRS 17 for annual reporting periods beginning on or after 1 January 2023]

1 Jan 2012

19 Nov 2011

Enacted -

BC

IG

Amendments to IG

 

Extension of the Temporary Exemption from Applying MFRS 9(Amendments to MFRS 4)

Effective immediately

17 Aug 2020

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 5  Non-current Assets Held for Sale and Discontinued Operations 1 Jan 2012

19 Nov 2011

Enacted

MFRS 18

MFRS 19

BC

IG

Amendments to BC (June 2024)

Amendments to IG (June 2024)

MFRS 6 Exploration for and Evaluation of Mineral Resources 1 Jan 2012

19 Nov 2011

Enacted MFRS 18

BC

Amendments to BC (June 2024)

MFRS 7 Financial Instruments: Disclosures 1 Jan 2012

19 Nov 2011

Enacted

MFRS 18

 

BC

IG

Amendments to BC

Amendments to BC (June 2024)

Amendments to IG (June 2024)

  Supplier Finance Arrangements (Amendments to MFRS 107 and MFRS 7) 1 Jan 2024

30 June 2023

Enacted -

Amendments to BC

Amendments to IG

  Amendments to the Classification and Measurement of Financial Instruments (Amendments to MFRS 9 and MFRS 7)  1 Jan 2026

15 July 2024

Enacted -

Amendments to BC (July 2024)

Amendments to IG (July 2024)

  Annual Improvements to MFRS Accounting Standards—Volume 11 1 Jan 2026 

19 Sept 2024

Enacted -

Amendments to BC (Sept 2024)

Amendments to IG (Sept 2024)

MFRS 8 Operating Segments 1 Jan 2012

19 Nov 2011

Enacted MFRS 18

BC

IG

Amendment to IG

Amendments to BC (June 2024)

MFRS 9 Financial Instruments (IFRS 9 as issued by IASB in July 2014) 1 Jan 2018

17 Nov 2014

Enacted

MFRS 18

 

BC

IG

IE

Amendments to BC (June 2024)

Amendments to IE (June 2024)

  Amendments to the Classification and Measurement of Financial Instruments (Amendments to MFRS 9 and MFRS 7)  1 Jan 2026

15 July 2024

Enacted

-

Amendments to BC (July 2024)

  Annual Improvements to MFRS Accounting Standards—Volume 11 1 Jan 2026

19 Sept 2024

Enacted

-

Amendments to BC (Sept 2024)

MFRS 10 Consolidated Financial Statements

1 Jan 2013

19 Nov 2011

Enacted MFRS 18

BC

IE

Amendments to BC (June 2024)

  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 - -
  Annual Improvements to MFRS Accounting Standards—Volume 11 1 Jan 2026

19 Sept 2024

Enacted - Amendments to BC (Sept 2024)
MFRS 11 Joint Arrangements 1 Jan 2013

19 Nov 2011

Enacted MFRS 18

BC

IE

Amendments to BC (June 2024)

MFRS 12 Disclosure of Interests in Other Entities 1 Jan 2013

19 Nov 2011

Enacted MFRS 18

BC

Amendments to BC (June 2024)

MFRS 13 Fair Value Measurement 1 Jan 2013

19 Nov 2011

Enacted

MFRS 18

MFRS 19

BC

IE

Amendments to BC (June 2024)

Amendments to IE (June 2024)

MFRS 14 Regulatory Deferral Accounts 1 Jan 2016

11 July 2014

Enacted MFRS 18

BC

IE

Amendments to BC (June 2024)

Amendments to IE (June 2024)

MFRS 15 Revenue from Contracts with Customers 1 Jan 2018

2 Sept 2014

Enacted MFRS 18

BC

IE

Amendments to BC (June 2024)

MFRS 16 Leases 1 Jan 2019

15 Apr 2016

Enacted MFRS 18

BC

IE

Amendments to BC (June 2024)

Amendments to IE (June 2024)

  Covid-19-Related Rent Concessions beyond
30 June 2021
(Amendment to MFRS 16) 
1 April 2021

6 Apr 2021

Enacted -

Amendment to BC

  Lease Liability in a Sale and Leaseback (Amendments to MFRS 16) 1 January 2024

1 Nov 2022

Enacted -

Amendments to BC

Amendments to IE

MFRS 17 Insurance Contracts 1 Jan 2023

15 Aug 2017

Enacted

MFRS 18

MFRS 19

BC

IE

Amendments to BC (June 2024)

  Initial Application of MFRS 17 and MFRS 9—Comparative Information
(Amendment to MFRS 17)
1 Jan 2023

30 Dec 2021

Enacted -

Amendments to BC

MFRS 18 Presentation and Disclosure in Financial Statements 1 Jan 2027

14 June 2024

Enacted MFRS 19

BC

IE

MFRS 19 Subsidiaries without Public Accountability: Disclosures 1 Jan 2027

15 July 2024

Enacted Amendments to the Classification and Measurement of Financial Instruments (Amendments to MFRS 9 and MFRS 7)

BC

MFRS 101 Presentation of Financial Statements 1 Jan 2012

19 Nov 2011

Enacted -

BC

IG

Amendments to BC

Amendments to IG

  Non-current Liabilities with Covenants (Amendments to MFRS 101) 1 January 2024

15 Dec 2022

Enacted -

Amendments to BC

MFRS 102 Inventories 1 Jan 2012

19 Nov 2011

Enacted MFRS 18

BC

Amendments to BC (June 2024)

MFRS 107 Statement of Cash Flows 1 Jan 2012

19 Nov 2011

Enacted MFRS 18

BC

IE

Amendments to BC (June 2024)

Amendments to IE (June 2024)

 

Supplier Finance Arrangements
(Amendments to MFRS 107 and MFRS 7)

1 Jan 2024

30 June 2023

Enacted -

Amendments to BC

 

Annual Improvements to MFRS Accounting Standards—Volume 11

1 Jan 2026

19 Sept 2024

Enacted -

Amendments to BC (Sept 2024)

MFRS 108

Accounting Policies, Changes in Accounting Estimates and Errors*

* When issuing MFRS 18, the MASB revised the title of MFRS 108 from Accounting Policies, Changes in Accounting Estimates and Errors to Basis of Preparation of Financial Statements

1 Jan 2012

19 Nov 2011

Enacted MFRS 18

BC

IG

Amendments to BC

Amendments to IG

Amendments to BC (June 2024)

Amendments to IE (June 2024)

MFRS 110 Events after the Reporting Period 1 Jan 2012

19 Nov 2011

Enacted MFRS 18

BC

Amendments to BC (June 2024)

MFRS 112 Income Taxes 1 Jan 2012

19 Nov 2011

Enacted MFRS 18

BC

IE

Amendments to BC (June 2024)

  Deferred Tax related to Assets and Liabilities arising from a Single Transaction
(Amendments to MFRS 112)
1 Jan 2023

30 June 2021

Enacted -

Amendments to BC

Amendments to IE

  International Tax Reform—Pillar Two Model Rules (Amendments to MFRS 112) Refer paragraph 98M of
MFRS 112

2 June 2023

Enacted -

Amendments to BC

MFRS 116 Property, Plant and Equipment 1 Jan 2012

19 Nov 2011

Enacted MFRS 18

BC

Amendments to BC (June 2024)

MFRS 119 Employee Benefits 1 Jan 2013

19 Nov 2011

Enacted MFRS 18

BC

Amendments to BC (June 2024)

MFRS 120 Accounting for Government Grants and Disclosure of Government Assistance 1 Jan 2012

19 Nov 2011

Enacted MFRS 18 BC
MFRS 121 The Effects of Changes in Foreign Exchange Rates 1 Jan 2012

19 Nov 2011

Enacted MFRS 18

BC

Amendments to BC (June 2024)

  Lack of Exchangeability
(Amendments to MFRS 121)
1 Jan 2025

8 Sept 2023

Enacted -

IE

Amendments to BC

MFRS 123 Borrowing Costs 1 Jan 2012

19 Nov 2011

Enacted -

BC

Amendments to BC (June 2024)

MFRS 124 Related Party Disclosures 1 Jan 2012

19 Nov 2011

Enacted MFRS 18

BC

IE

MFRS 126 Accounting and Reporting by Retirement Benefit Plans 1 Jan 2012

19 Nov 2011

Enacted MFRS 18 -
MFRS 127 Separate Financial Statements 1 Jan 2013

19 Nov 2011

Enacted MFRS 18

BC

Amendments to BC (June 2024)

MFRS 128 Investments in Associates and Joint Ventures 1 Jan 2013

19 Nov 2011

Enacted MFRS 18

BC

Amendments to BC (June 2024)

  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 MFRS 18 BC
MFRS 132 Financial instruments: Presentation 1 Jan 2012

19 Nov 2011

Enacted

MFRS 18

MFRS 19

BC

IE

Amendments to BC (June 2024)

Amendments to IE (June 2024)

MFRS 133 Earnings per Share 1 Jan 2012

19 Nov 2011

Enacted MFRS 18

BC

IE

Amendments to BC (June 2024)

MFRS 134 Interim Financial Reporting 1 Jan 2012

19 Nov 2011

Enacted

MFRS 18

MFRS 19

BC

IE

Amendments to BC (June 2024)

MFRS 136 Impairment of Assets 1 Jan 2012

19 Nov 2011

Enacted MFRS 18 

BC

IE

Amendments to BC (June 2024)

MFRS 137 Provisions, Contingent Liabilities and Contingent Assets 1 Jan 2012

19 Nov 2011

Enacted MFRS 18

IG

IE

Amendments to BC (June 2024)

MFRS 138 Intangible Assets 1 Jan 2012

19 Nov 2011

Enacted MFRS 18

BC

IE

Amendments to BC (June 2024)

MFRS 139 Financial Instruments: Recognition and Measurement 1 Jan 2012

19 Nov 2011

Enacted -

BC

IE

MFRS 140 Investment Property 1 Jan 2012

19 Nov 2011

Enacted MFRS 18

BC

Amendments to BC (June 2024)

MFRS 141 Agriculture 1 Jan 2012

19 Nov 2011

Enacted MFRS 18

BC

IE

  Annual Improvements to MFRS Accounting Standards—Volume 11