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EN_Tipco_Annual Report 2014

TIPCO FOODS PUBLIC COMPANY LIMITED Accounting Standard Interpretations TSIC 15 Operating Leases - Incentives TSIC 27 Evaluating the Substance of Transactions Involving the Legal Form of a lease TSIC 29 Service Concession Arrangements - Disclosure TSIC 32 Intangible Assets - Web Site Costs Financial Reporting Standard Interpretations TFRIC 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities TFRIC 4 Determining whether an Arrangement contains a Lease TFRIC 5 Right to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds TFRIC 7 Applying the Restatement Approach under TAS 29 Financial Reporting in Hyperinflationary Economics TFRIC 10 Interim Financial Reporting and Impairment TFRIC 12 Service Concession Arrangements TFRIC 13 Customer Loyalty Programmes TFRIC 17 Distributions of Non-cash Assets to Owners TFRIC 18 Transfer of Assets from Customers The adoption of the above Thai Financial Reporting Standards are not material impact on the financial statements for this accounting period. 2.4.2 The Financial Reporting Standards which are effective for accounting periods beginning on or after January 1, 2015. Accounting Standards TAS 1 (revised 2014) Presentation of Financial Statements TAS 2 (revised 2014) Inventories TAS 7 (revised 2014) Statement of Cash Flows TAS 8 (revised 2014) Accounting Policies, Changes in Accounting Estimates and Errors TAS 10 (revised 2014) Events after the Reporting Period TAS 11 (revised 2014) Construction Contracts TAS 12 (revised 2014) Income Taxes TAS 16 (revised 2014) Property, Plant and Equipment TAS 17 (revised 2014) Leases TAS 18 (revised 2014) Revenue TAS 19 (revised 2014) Employee Benefits PAGE 112/ 113


EN_Tipco_Annual Report 2014
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