HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN"L 90/78
EN
Official Journal of the European Union
28.3.2013
COMMISSION REGULATION (EU) No 301/2013
of 27 March 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 Annual Improvements to International Financial Reporting Standards, 2009-2011 Cycle
(Text with EEA relevance)
THE EUROPEAN COMMISSION,
HAS ADOPTED THIS REGULATION:
Having regard to the Treaty on the Functioning of the European
Union,
Article 1
The Annex to Regulation (EC) No 1126/2008 is amended as
follows:
Having regard to Regulation (EC) No 1606/2002 of the
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,
(1) International Financial Reporting Standard (IFRS) 1 First-time
Adoption of International Financial Reporting Standards is
amended as set out in the Annex to this Regulation;
Whereas:
(2) International Accounting Standard (IAS) 1 Presentation of
(1) By
Commission
Regulation
(EC)
No
1126/2008
( 2 )
Financial Statements is amended as set out in the Annex to
certain international standards and interpretations that
this Regulation;
were in existence at 15 October 2008 were adopted.
(2) On
17
May
2012,
the
International
Accounting (3) IFRS 1 First-time Adoption of International Financial Reporting
Standards Board (IASB) published Annual Improvements
Standards and IAS 34 Interim Financial Reporting are amended
to International Financial Reporting Standards 2009-
in accordance with IAS 1 as set out in the Annex to this
2011 Cycle (the improvements), in the framework of
Regulation;
its regular improvement process which aims at stream
lining and clarifying the standards. The objective of the
improvements is to address non-urgent, but necessary
(4) IAS 16 Property, Plant and Equipment is amended as set out
issues discussed by the IASB during the project cycle
in the Annex to this Regulation;
that began in 2009 on areas of inconsistency in Inter
national Financial Reporting Standard (IFRSs) or where
clarification of wording is required. Three of the
(5) IAS 32 Financial Instruments: Presentation is amended as set
improvements, namely the amendments to Appendix D
out in the Annex to this Regulation;
of IFRS 1, International Accounting Standard (IAS) 16,
and IAS 34, are clarifications or corrections of the
respective standards. The other three improvements,
(6) International
Financial
Reporting
Interpretations
namely the amendments to IFRS 1, IAS 1, and IAS 32,
Committee's (IFRIC) Interpretation 2 Members’ Shares in
involve changes to the existing requirements or
Co-operative Entities and Similar Instruments is amended in
additional guidance on the implementation of those
accordance with IAS 32 as set out in the Annex to this
requirements.
Regulation;
(3) The
consultation
with
the
Technical
Expert
Group
(TEG)
of the European Financial Reporting Advisory Group
(7) IAS 34 Interim Financial Reporting is amended as set out in
(EFRAG) confirms that the improvements meet the
the Annex to this Regulation.
technical criteria for adoption set out in Article 3(2) of
Regulation (EC) No 1606/2002.
Article 2
(4) Regulation
(EC)
No
1126/2008
should
therefore
be Each company shall apply the amendments referred to in
amended accordingly.
Article 1, at the latest, as from the commencement date of its
first financial year starting on or after 1 January 2013.
(5) The
measures
provided
for
in
this
Regulation
are
in
accordance with the opinion of the Accounting Regu
Article 3
latory Committee,
This Regulation shall enter into force on the third day following
( 1 ) OJ L 243, 11.9.2002, p. 1.
that of its publication in the Official Journal of the European
( 2 ) OJ L 320, 29.11.2008, p. 1.
Union.

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EN
28.3.2013 Official
Journal
of
the
European
Union L
90/79
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 27 March 2013.
For the Commission
The President
José Manuel BARROSO

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L 90/80
EN
Official Journal of the European Union
28.3.2013
ANNEX
INTERNATIONAL ACCOUNTING STANDARDS
IFRS 1 IFRS
1 First-time Adoption of International Financial Reporting Standards
IAS 1 IAS
1 Presentation of Financial Statements
IAS 16 IAS
16 Property, Plant and Equipment
IAS 32 IAS
32 Financial Instruments: Presentation
IAS 34 IAS
34 Interim Financial Reporting
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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"