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Financial Reporting Standards

Compliance with FRS are legislated under Financial Reporting Act 1997 [Section 26D].

Standard	Title	Effective Date	Issuance Date	Status	Comparison with previous Standard
FRS 1 Explanatory	First-time Adoption of Financial Reporting Standards [Superseded with effective from *1 July 2010* by FRS 1 issued in January 2010]	1 Jan 2006	Feb 2006	Enacted	-
	Amendments to FRS 1 First-time Adoption of Financial Reporting Standards and FRS 127 Consolidated and Separate Financial Statements: Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate	1 Jan 2010	May 2009	Enacted	-
	First-time Adoption of Financial Reporting Standards [Compiled Jan 2011]	1 July 2010	Jan 2010	Enacted	-
	Limited Exemption from Comparative FRS 7 Disclosures for First-time Adopters (Amendment to FRS 1)	1 Jan 2011	Mar 2010	Enacted	-
	Additional Exemptions for First-time Adopters (Amendments to FRS 1)	1 Jan 2011	July 2010	Enacted	-
	Amendments to FRS 1 [Improvements to FRSs (2010)]	1 Jan 2011	Nov 2010	Enacted	-
FRS 2 Explanatory	Share-based Payment [Compiled Sept 2010]	1 Jan 2006	Feb 2006	Enacted	-
	Amendments to FRS2 Share-based Payment Vesting Conditions and Cancellations	1 Jan 2010	May 2009	Enacted	-
	Amendments to FRS 2 [Consequential amendments arising from FRS 3 Business Combinations (as revised in 2010)]	1 July 2010	Jan 2010	Enacted	-
	Group Cash-settled Share-based Payment Transactions (Amendments to FRS 2)	1 Jan 2011	July 2010	Enacted	-
FRS 3 Explanatory	Business Combinations [Superseded with effective from *1 July 2010* by FRS 3 issued in January 2010]	1 Jan 2006	Feb 2006	Enacted	View
	Business Combinations [Compiled Apr 2011]	1 July 2010	Jan 2010	Enacted	-
	Amendments to FRS 3 [Improvements to FRSs (2010)]	1 Jan 2011	Nov 2010	Enacted	-
FRS 4 Explanatory	Insurance Contracts	1 Jan 2010	Nov 2008	Enacted	-
FRS 5 Explanatory	Non-current Assets Held for Sale and Discontinued Operations	1 Jan 2006	Feb 2006	Enacted	View
	Amendment to FRS5 [Improvements to FRSs (2009)]	1 Jan 2010	Sept 2009	Enacted	-
	Amendments to FRS5 [Consequential amendments arising from FRS 1 (revised 2010), FRS 127 (amended 2010) and IC Interpretation 17 issued in January 2010.]	1 July 2010	Jan 2010	Enacted	-
FRS 6 Explanatory	Exploration for and Evaluation of Mineral Resources [Compiled Aug 2010]	1 Jan 2007	Aug 2006	Enacted	-
FRS 7 Explanatory	Financial Instruments: Disclosures	1 Jan 2010	Nov 2008	Enacted	-
	Amendments to FRS 7 Financial Instruments: Disclosures [Compilation]	1 Jan 2010	Sept 2009	Enacted	-
	Improving Disclosures about Financial Instruments (Amendments to FRS 7)	1 Jan 2011	Mar 2010	Enacted	-
	Amendments to FRS 7 [Improvements to FRSs (2010)]	1 Jan 2011	Nov 2010	Enacted	-
FRS 8 Explanatory	Operating Segments	1 July 2009	Nov 2008	Enacted	-
FRS 8 Explanatory	Amendment to FRS8 [Improvements to FRSs (2009)]	1 Jan 2010	Sept 2009	Enacted	-
FRS 101 Explanatory	Presentation of Financial Statements	1 Jan 2010	Sept 2009	Enacted	-
FRS 101 Explanatory	Amendments to FRS 101 [Improvements to FRSs (2010)]	1 Jan 2011	Nov 2010	Enacted	-
FRS 102 Explanatory	Inventories [Compiled Aug 2010]	1 Jan 2006	Feb 2006	Enacted	View
FRS 107 Explanatory	Statement of Cash Flows [Compiled May 2010]	1 July 2007	Jun 2007	Enacted	-
FRS 107 Explanatory	Amendment to FRS 107 [Improvements to FRSs (2009)]	1 Jan 2010	Sept 2009	Enacted	-
FRS 108 Explanatory	Accounting Policies, Changes in Accounting Estimates and Errors	1 Jan 2006	Feb 2006	Enacted	View
FRS 108 Explanatory	Amendment to FRS 108 [Improvements to FRSs (2009)]	1 Jan 2010	Sept 2009	Enacted	-
FRS 110 Explanatory	Events After the Reporting Period [Compiled May 2010]	1 Jan 2006	Feb 2006	Enacted	View
FRS 110 Explanatory	Amendment to FRS 110 [Improvements to FRSs (2009)]	1 Jan 2010	Sept 2009	Enacted	-
FRS 111	Construction Contracts [Compiled Sept 2010]	1 July 2007	Jun 2007	Enacted	-
FRS 112 Explanatory	Income Taxes [Compiled Feb 2011]	1 July 2007	Jun 2007	Enacted	-
FRS 116 Explanatory	Property, Plant and Equipment [Compiled May 2010]	1 Jan 2006	Feb 2006	Enacted	View
FRS 116 Explanatory	Amendment to FRS 116 [Improvements to FRSs (2009)]	1 Jan 2010	Sept 2009	Enacted	-
FRS 117 Explanatory	Leases [Compiled Feb 2011]	1 Oct 2006	Feb 2006	Enacted	View
FRS 117 Explanatory	Amendment to FRS 117 [Improvements to FRSs (2009)]	1 Jan 2010	Sept 2009	Enacted	-
FRS 118 Explanatory	Revenue [Compiled May 2010]	1 July 2007	Jun 2007	Enacted	-
FRS 118 Explanatory	Amendment to FRS 118 [Improvements to FRSs (2009)]	1 Jan 2010	Sept 2009	Enacted	-
FRS 119 Explanatory	Employee Benefits [Compiled Feb 2011]	1 Jan 2003	Jun 2007	Enacted	-
FRS 119 Explanatory	Amendment to FRS 119 [Improvements to FRSs (2009)]	1 Jan 2010	Sept 2009	Enacted	-
FRS 120 Explanatory	Accounting for Government Grants and Disclosure of Government Assistance [Compiled August 2011]	1 July 2007	Jun 2007	Enacted	-
FRS 120 Explanatory	Amendment to FRS 120 [Improvements to FRSs (2009)]	1 Jan 2010	Nov 2010	Enacted	-
FRS 121 Explanatory	The Effects of Changes in Foreign Exchange Rates [Compiled Sept 2010]	1 Jan 2006	Feb 2006	Enacted	View
	Amendment to Financial Reporting Standard FRS 121 The Effects of Changes in Foreign Exchange Rates - Net Investment in a Foreign Operation	1 July 2007	Feb 2007	Enacted	-
	Amendments to FRS 121 [Improvements to FRSs (2010)]	1 Jan 2011	Nov 2010	Enacted	-
FRS 123 Explanatory	Borrowing Costs	1 Jan 2010	May 2009	Enacted	-
FRS 123 Explanatory	Amendment to FRS 123 [Improvements to FRSs (2009)]	1 Jan 2010	Sept 2009	Enacted	-
FRS 124 Explanatory	Related Party Disclosures [Will be superseded with effective from *1 Jan 2012* by FRS 124 issued in November 2010]	1 Oct 2006	Feb 2006	Enacted	View
FRS 124 Explanatory	Related Party Disclosures	1 Jan 2012	Nov 2010	Enacted	-
FRS 126	Accounting and Reporting by Retirement Benefit Plans	1 Jan 2003	Jun 2007	Enacted	-
FRS 127 Explanatory	Consolidated and Separate Financial Statements [Superseded with effective from *1 July 2010* by FRS 127 issued in January 2010]	1 Jan 2006	Feb 2006	Enacted	View
	Amendments to FRS 1 First-time Adoption of Financial Reporting Standards and FRS 127 Consolidated and Separate Financial Statements: Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate	1 Jan 2010	May 2009	Enacted	-
	Amendment to FRS 127 [Improvements to FRSs (2009)]	1 Jan 2010	Sept 2009	Enacted	-
	Consolidated and Separate Financial Statements [Compiled Jan 2011]	1 July 2010	Jan 2010	Enacted	-
FRS 128 Explanatory	Investments in Associates [Compiled Sept 2010]	1 Jan 2006	Feb 2006	Enacted	View
	Amendment to FRS 128 [Improvements to FRSs (2009)]	1 Jan 2010	Sept 2009	Enacted	-
	Amendments to FRS 128 [Improvements to FRSs (2010)]	1 Jan 2011	Nov 2010	Enacted	-
FRS 129 Explanatory	Financial Reporting in Hyperinflationary Economies	1 Jan 2003	Jun 2007	Enacted	-
FRS 129 Explanatory	Amendment to FRS 129 [Improvements to FRSs (2009)]	1 Jan 2010	Sept 2009	Enacted	-
FRS 131 Explanatory	Interests in Joint Ventures [Compiled Sept 2010]	1 Jan 2006	Feb 2006	Enacted	View
	Amendment to FRS 131 [Improvements to FRSs (2009)]	1 Jan 2010	Sept 2009	Enacted	-
	Amendments to FRS 131 [Improvements to FRSs (2010)]	1 Jan 2011	Nov 2010	Enacted	-
FRS 132 Explanatory	Financial Instruments: Presentation [Compiled Jan 2011]	1 Jan 2006	Feb 2006	Enacted	View
	Amendments to FRS 132 Financial Instruments: Presentation [Compilation] [Contains amendments from: Puttable Financial Instruments and Obligations Arising on Liquidation (Amendments to FRS 132 and FRS 101) Consequential amendments arising from FRS 101 (as revised in 2009) Consequential amendments arising from Improvements to FRSs (2009) � Amendments to FRS 128 and FRS 131]	1 Jan 2010	Sept 2009	Enacted	-
	Amendments to FRS 132 Financial Instruments: Presentation [Classification of Rights Issues]	1 Jan 2010/ 1 Mar 2010	Mar 2010	Enacted	-
	Amendments to FRS 132 [Improvements to FRSs (2010)]	1 Jan 2011	Nov 2010	Enacted	-
FRS 133 Explanatory	Earnings Per Share [Compiled Sept 2010]	1 Jan 2006	Feb 2006	Enacted	View
FRS 134 Explanatory	Interim Financial Reporting [Compiled Sept 2010]	1 July 2007	Jun 2007	Enacted	-
	Amendment to FRS 134 [Improvements to FRSs (2009)]	1 Jan 2010	Sept 2009	Enacted	-
	Amendments to FRS 134 [Improvements to FRSs (2010)]	1 Jan 2011	Nov 2010	Enacted	-
FRS 136 Explanatory	Impairment of Assets [Compiled May 2010]	1 Jan 2006	Feb 2006	Enacted	View
FRS 136 Explanatory	Amendment to FRS 136 [Improvements to FRSs (2009)]	1 Jan 2010	Sept 2009	Enacted	-
FRS 137 Explanatory	Provisions, Contingent Liabilities and Contingent Assets [Compiled Aug 2010]	1 July 2007	Jun 2007	Enacted	-
FRS 138 Explanatory	Intangible Assets [Compiled August 2011]	1 Jan 2006	Feb 2006	Enacted	-
	Amendment to FRS 138 [Improvements to FRSs (2009)]	1 Jan 2010	Sept 2009	Enacted	-
	Amendments to FRS 138 [Consequential amendments arising from FRS 3 (as revised in 2010)]	1 July 2010	Jan 2010	Enacted	-
FRS 139 Explanatory	Financial Instruments: Recognition and Measurement [compiled Jan 2010]	1 Jan 2010	Feb 2006	Enacted	-
FRS 139 Explanatory	Amendments to FRS 139 [Improvements to FRSs (2010)]	1 Jan 2011	Nov 2010	Enacted	-
FRS 140 Explanatory	Investment Property [Compiled June 2010]	1 Jan 2006	Feb 2006	Enacted	-
FRS 140 Explanatory	Amendment to FRS 140 [Improvements to FRSs (2009)]	1 Jan 2010	Sept 2009	Enacted	-
IAS 41	Agriculture	-	Jan 2006	Exposure Draft issued	-
FRS 201₂₀₀₄	Property Development Activities	1 Jan 2004	Feb 2006	Enacted	-
FRS 204₂₀₀₄	Accounting for Aquaculture	1 Sept 1998	Feb 2006	Enacted	-
	Glossary of Terms	-	-	-	-

The numbering of the FRSs corresponds to the IFRSs issued by the IASB. For example, FRS 1 in Malaysia is equivalent to IFRS 1. FRS with a 100 prefix corresponds to its equivalent IASs. Thus FRS 101 is equivalent to IAS 1. FRS with a 200 prefix denotes locally developed Standard with no equivalent International Standard.

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