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5.4.2013 Official
Journal
of
the
European
Union L
95/9
COMMISSION REGULATION (EU) No 313/2013
of 4 April 2013
amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in
accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council
as regards Consolidated Financial Statements, Joint Arrangements and Disclosure of Interest in
Other Entities: Transition Guidance (Amendments to International Financial Reporting Standards
10, 11, and 12)
(Text with EEA relevance)
THE EUROPEAN COMMISSION,
(4) The
consultation
with
the
Technical
Expert
Group
(TEG)
of the European Financial Reporting Advisory Group
(EFRAG) confirms that the amendments to IFRS 10,
IFRS 11, and IFRS 12 meet the technical criteria for
Having regard to the Treaty on the Functioning of the European
adoption set out in Article 3(2) of Regulation (EC) No
Union,
1606/2002.
Having regard to Regulation (EC) No 1606/2002 of the
(5) Regulation
(EC)
No
1126/2008
should
therefore
be
amended accordingly.
European Parliament and of the Council of 19 July 2002 on

the application of international accounting standards ( 1 ), and in
particular Article 3(1) thereof,
(6) The
measures
provided
for
in
this
Regulation
are
in
accordance with the opinion of the Accounting Regu
latory Committee,
Whereas:
HAS ADOPTED THIS REGULATION:
(1) By
Commission
Regulation
(EC)
No
1126/2008
( 2 )
certain international standards and interpretations that
Article 1
were in existence at 15 October 2008 were adopted.
1. The
Annex
to
Regulation
(EC)
No
1126/2008
is
amended
as follows:
(2) On
28
June
2012,
the
International
Accounting
Standards Board (IASB) published amendments to Inter
(a) International Financial Reporting Standard (IFRS) 10
national Financial Reporting Standard (IFRS) 10
Consolidated Financial Statements is amended as set out in
Consolidated Financial Statements, IFRS 11 Joint Arrange
the Annex to this Regulation;
ments, IFRS 12 Disclosure of Interests in Other Entities (the
amendments) resulting from proposals contained in its
exposure draft Transition Guidance that was published in
(b) IFRS 11 Joint Arrangements is amended as set out in the
December 2011. The objective of the amendments is to
Annex to this Regulation;
clarify the IASB’s intention when first issuing the tran
sition guidance in IFRS 10. The amendments also provide
additional transition relief in IFRS 10, IFRS 11 and IFRS
(c) IFRS 1 First-time Adoption of International Financial Reporting
12, limiting the requirement to provide adjusted
Standards is amended in accordance with IFRS 11 as set out
comparative information to only the preceding
in the Annex to this Regulation;
comparative period. Furthermore, for disclosures related
to unconsolidated structured entities, the amendments
remove the requirement to present comparative
(d) IFRS 12 Disclosure of Interests in Other Entities is amended as
information for periods before IFRS 12 is first applied.
set out in the Annex to this Regulation.
2. Any reference to IFRS 9 as laid down in the Annex to this
(3)
The amendments to IFRS 11 contain references to IFRS 9
Regulation shall be read as a reference to International
that at present cannot be applied as IFRS 9 has not been
Accounting Standards (IAS) 39 Financial Instruments: Recognition
adopted by the Union yet. Therefore, any reference to
and Measurement.
IFRS 9 as laid down in the Annex to this Regulation
should be read as a reference to International Accounting
Standard (IAS) 39 Financial Instruments: Recognition and
Article 2
Measurement.
Each company shall apply the amendments referred to in
( 1 ) OJ L 243, 11.9.2002, p. 1.
Article 1(1), at the latest, as from the commencement date of
( 2 ) OJ L 320, 29.11.2008, p. 1.
its first financial year starting on or after 1 January 2014.

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L 95/10
EN
Official Journal of the European Union
5.4.2013
Article 3
This Regulation shall enter into force on the third day following that of its publication in the Official Journal
of the European Union.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 4 April 2013.
For the Commission
The President
José Manuel BARROSO

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EN
5.4.2013 Official
Journal
of
the
European
Union L
95/11
ANNEX
INTERNATIONAL ACCOUNTING STANDARDS
IFRS 10 IFRS
10 Consolidated Financial Statements
IFRS 11 IFRS
11 Joint Arrangements
IFRS 12 IFRS
12 Disclosure of Interests in Other Entities
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the exception of the right to reproduce for the purposes of personal use or other fair dealing. Further
information can be obtained from the IASB at www.iasb.org