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6.6.2012 Official
Journal
of
the
European
Union L
146/1
II
(Non-legislative acts)
REGULATIONS
COMMISSION REGULATION (EU) No 475/2012
of 5 June 2012
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 International Accounting Standard (IAS) 1 and International Accounting Standard
(IAS) 19
(Text with EEA relevance)
THE EUROPEAN COMMISSION,
(3) The
consultation
with
the
Technical
Expert
Group
(TEG)
of the European Financial Reporting Advisory Group
(EFRAG) confirms that the amendments to IAS 1 and
Having regard to the Treaty on the Functioning of the European
the amendments to IAS 19 meet the technical criteria
Union,
for adoption set out in Article 3(2) of Regulation (EC)
No 1606/2002.
Having regard to Regulation (EC) No 1606/2002 of the
European Parliament and of the Council of 19 July 2002 on
(4) Regulation
(EC)
No
1126/2008
should
therefore
be
the application of international accounting standards ( 1 ), and in
amended accordingly.
particular Article 3(1) thereof,
(5) The
measures
provided
for
in
this
Regulation
are
in
Whereas:
accordance with the opinion of the Accounting Regu
latory Committee,
(1) By
Commission
Regulation
(EC)
No
1126/2008
( 2 )
certain international standards and interpretations that
were in existence at 15 October 2008 were adopted.
HAS ADOPTED THIS REGULATION:
(2) On
16
June
2011,
the
International
Accounting
Article 1
Standards Board (IASB) published Amendments to IAS
1 Presentation of Financial Statements - Presentation of
The Annex to Regulation (EC) No 1126/2008 is amended as
Items of Other Comprehensive Income (hereinafter "the
follows:
amendments to IAS 1") and to IAS 19 Employee
Benefits, (hereinafter "the amendments to IAS 19"). The
objective of the amendments to IAS 1 is to make the
(1) International Accounting Standard (IAS) 1 Presentation of
presentation of the increasing number of items of other
Financial Statements is amended as set out in the Annex to
comprehensive income clearer, and to assist the users of
this Regulation;
financial statements in distinguishing between the items
of other comprehensive income that can be reclassified
subsequently to profit or loss, and those that will never
be reclassified to profit or loss. As to the amendments to
(2) International Financial Reporting Standard (IFRS) 1, IFRS 5,
IAS 19, they should help users of financial statements
IFRS 7, IAS 12, IAS 20, IAS 21, IAS 32, IAS 33, and IAS
better understand how defined benefit plans affect an
34 are amended in accordance with the amendments to IAS
entity's financial position, financial performance and
1 as set out in the Annex to this Regulation;
cash flows. The objective of the standard is to prescribe
the accounting and disclosure for employee benefits.
( 1 ) OJ L 243, 11.9.2002, p. 1.
(3) International Accounting Standard (IAS) 19 Employee Benefits
( 2 ) OJ L 320, 29.11.2008, p. 1.
is amended as set out in the Annex to this Regulation;

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L 146/2
EN
Official Journal of the European Union
6.6.2012
(4) International Financial Reporting Standard (IFRS) 1, IFRS 8,
2. Each
company
shall
apply
the
amendments
referred
to
in
IFRS 13, IAS 1, IAS 24, and Interpretation 14 of the
points (3) and (4) of Article 1, at latest, as from the
Standing Interpretations Committee (SIC) are amended in
commencement date of its first financial year starting on or
accordance with the amendments to IAS 19 as set out in
after 1 January 2013.
the Annex to this Regulation.
Article 2
Article 3
1. Each
company
shall
apply
the
amendments
referred
to
in
points (1) and (2) of Article 1, at latest, as from the
This Regulation shall enter into force on the third day following
commencement date of its first financial year starting on or
that of its publication in the Official Journal of the European
after 1 July 2012.
Union.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 5 June 2012.
For the Commission
The President
José Manuel BARROSO

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EN
6.6.2012 Official
Journal
of
the
European
Union L
146/3
ANNEX
INTERNATIONAL ACCOUNTING STANDARDS
IAS 1 IAS
1
Presentation
of
Financial
Statements
- Presentation of Items of Other Comprehensive Income
IAS 19 IAS
19 Employee Benefits
"Reproduction allowed within the European Economic Area. All existing rights reserved outside the EEA, with
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