IC Interpretations


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 of Terms 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 of Terms 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 IC Interpretations corresponds with the equivalent IFRIC Interpretations issued by the IASB. IC Interpretations prefix with “1xx” corresponds with the equivalent SIC.

Standard Title Applicable for annual periods beginning on or after: Issue Date Status Amendments from other Standards (effective after 1 January 2021) Explanatory
IC Int. 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities 1 Jan 2012 19 Nov 2011 Enacted -

BC

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IC Int. 2 Members' Shares in Co-operative Entities and Similar Instruments 1 Jan 2012 19 Nov 2011 Enacted - BC
IC Int. 5 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds 1 Jan 2012 19 Nov 2011 Enacted - BC
IC Int. 6 Liabilities arising from Participating in a Specific Market - Waste Electrical and Electronic Equipment 1 Jan 2012 19 Nov 2011 Enacted - BC
IC Int. 7 Applying the Restatement Approach under MFRS 129 Financial Reporting in Hyperinflationary Economies 1 Jan 2012 19 Nov 2011 Enacted -

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IC Int. 10 Interim Financial Reporting and Impairment 1 Jan 2012 19 Nov 2011 Enacted - BC
IC Int. 12 Service Concession Arrangements 1 Jan 2012 19 Nov 2011 Enacted

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BC

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IC Int. 14 MFRS 119 - The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction 1 Jan 2012 19 Nov 2011 Enacted -

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IC Int. 16 Hedges of a Net Investment in a Foreign Operation 1 Jan 2012 19 Nov 2011 Enacted -

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IC Int. 17 Distributions of Non-cash Assets to Owners 1 Jan 2012 19 Nov 2011 Enacted -

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IC Int. 19 Extinguishing Financial Liabilities with Equity Instruments 1 Jan 2012 19 Nov 2011 Enacted - BC
IC Int. 20 Stripping Costs in the Production Phase of a Surface Mine 1 Jan 2013 19 Nov 2011 Enacted - BC
IC Int. 21 Levies 1 Jan 2014 6 Sept 2013 Enacted -

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IC Int. 22 Foreign Currency Transactions and Advance Consideration 1 Jan 2018 29 Dec 2016 Enacted -

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IC Int. 23 Uncertainty over Income Tax Treatments 1 Jan 2019 15 Aug 2017 Enacted -

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IC Int. 107 Introduction of the Euro 1 Jan 2012 19 Nov 2011 Enacted - BC
IC Int. 110 Government Assistance - No Specific Relation to Operating Activities 1 Jan 2012 19 Nov 2011 Enacted - BC
IC Int. 125 Income Taxes - Changes in the Tax Status of an Entity or its Shareholders 1 Jan 2012 19 Nov 2011 Enacted - BC
IC Int. 129 Service Concession Arrangements: Disclosures 1 Jan 2012 19 Nov 2011 Enacted - BC
IC Int. 132 Intangible Assets - Web Site Costs 1 Jan 2012 19 Nov 2011 Enacted -

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