Column1 Column2 Column3

Effective
PFRS Title Date
First-time Adoption of Philippine Financial Reporting
PFRS 1 Standards [superseded by PFRS 1 (Revised)] 01/01/05
Amendments to PFRS 1: Cost of an Investment in a Subsidiary,
Jointly Controlled Entity or Associate 01/01/09
PFRS 1
(Revised) First-time Adoption of Philippine Financial Reporting Standards 07/01/09
Amendments to PFRS 1: Additional Exemptions for First-time
Adopters 01/01/10
Amendment to PFRS 1: Limited Exemption from Comparative PFRS
7 Disclosures for First-time Adopters 07/01/10
Amendments to PFRS 1: Severe Hyperinflation and Removal of
Fixed Date for First-time Adopters 07/01/11
Amendments to PFRS 1: Government Loans 01/01/13*
PFRS 2 Share-based Payment 01/01/05

Amendments to PFRS 2: Vesting Conditions and Cancellations 01/01/09

Amendments to PFRS 2: Group Cash-settled Share-based Payment
Transactions 01/01/10
PFRS 3 Business Combinations [superseded by PFRS 3 (Revised)] 01/01/05
PFRS 3 (Revised) Business Combinations 07/01/09
PFRS 4 Insurance Contracts 01/01/05
Amendments to PFRS 4: Financial Guarantee Contracts 01/01/06

PFRS 5 Non-current Assets Held for Sale and Discontinued Operations 01/01/05
PFRS 6 Exploration for and Evaluation of Mineral Resources 01/01/06
PFRS 7 Financial Instruments: Disclosures 01/01/07
Amendments to PFRS 7: Transition 01/01/07
Amendments to PFRS 7: Reclassification of Financial Assets 07/01/08
Amendments to PFRS 7: Reclassification of Financial Assets -
Effective Date and Transition 07/01/08
Amendments to PFRS 7: Improving Disclosures about Financial
Instruments 01/01/09

Amendments to PFRS 7: Disclosures - Transfers of Financial Assets 07/01/11

Amendments to PFRS 7: Disclosures - Offsetting Financial Assets
and Financial Liabilities 01/01/13*
Amendments to PFRS 7: Mandatory Effective Date of PFRS 9 and
Transition Disclosures 01/01/15*
PFRS 8 Operating Segments 01/01/09
PFRS 9 Financial Instruments 01/01/15
Amendments to PFRS 9: Mandatory Effective Date of PFRS 9 and
Transition Disclosures 01/01/15*
PFRS 10 Consolidated Financial Statements 01/01/13*
Amendments to PFRS 10: Transition Guidance 01/01/13*
Amendments to PFRS 10: Investment Entities 01/01/14*
PFRS 11 Joint Arrangements 01/01/13*
Amendments to PFRS 11: Transition Guidance 01/01/13*
PFRS 12 Disclosure of Interests in Other Entities 01/01/13*
Amendments to PFRS 12: Transition Guidance 01/01/13*
Amendments to PFRS 12: Investment Entities 01/01/14*
PFRS 13 Fair Value Measurement 01/01/13*
Column1 Column2 Column3
Effective
PAS Title Date
Presentation of Financial Statements [superseded by PAS 1
PAS 1 (Revised)] 01/01/05
Amendment to PAS 1: Capital Disclosures 01/01/07
PAS 1 (Revised) Presentation of Financial Statements 01/01/09
Amendments to PAS 1: Puttable Financial Instruments and
Obligations Arising on Liquidation 01/01/09
Amendments to PAS 1: Presentation of Items of Other
Comprehensive Income 07/01/12*
PAS 2 Inventories 01/01/05
PAS 7 Statement of Cash Flows 01/01/05

PAS 8 Accounting Policies, Changes in Accounting Estimates and Errors 01/01/05

PAS 10 Events after the Reporting Period 01/01/05
PAS 11 Construction Contracts 01/01/05
PAS 12 Income Taxes 01/01/05
Amendments to PAS 12 - Deferred Tax: Recovery of Underlying
Assets 01/01/12
PAS 14 Segment Reporting [superseded by PFRS 8] 01/01/05
PAS 16 Property, Plant and Equipment 01/01/05
PAS 17 Leases 01/01/05
PAS 18 Revenue 01/01/05
PAS 19 Employee Benefits [superseded by PAS 19 (Amended)] 01/01/05
Amendments to PAS 19: Actuarial Gains and Losses, Group Plans
and Disclosures [superseded by PAS 19 (Amended)] 01/01/06
PAS 19 (Amended) Employee Benefits 01/01/13*
Accounting for Government Grants and Disclosure of Government
PAS 20 Assistance 01/01/05
PAS 21 The Effects of Changes in Foreign Exchange Rates 01/01/05
Amendment: Net Investment in a Foreign Operation 01/01/06
PAS 23 Borrowing Costs [superseded by PAS 23 (Revised)] 01/01/05
PAS 23 (Revised) Borrowing Costs 01/01/09
PAS 24 Related Party Disclosures [superseded by PAS 24 (Revised)] 01/01/05
PAS 24 (Revised) Related Party Disclosures 01/01/11
PAS 26 Accounting and Reporting by Retirement Benefit Plans 01/01/05
Consolidated and Separate Financial Statements [superseded by
PAS 27 PAS 27 (Revised)] 01/01/05
Consolidated and Separate Financial Statements [superseded by
PAS 27 (Revised) PAS 27 (Amended)] 07/01/09

Amendments to PAS 27: Cost of an Investment in a Subsidiary,

Jointly Controlled Entity or Associate[superseded by PAS 27
(Amended)] 01/01/09
PAS 27 (Amended) Separate Financial Statements 01/01/13*
Amendments to PAS 27 (Amended): Investment Entities 01/01/14*

PAS 28 Investments in Associates [superseded by PAS 28 (Amended)] 01/01/05

PAS 28 (Amended) Investments in Associates and Joint Ventures 01/01/13*
PAS 29 Financial Reporting in Hyperinflationary Economies 01/01/05
Disclosures in the Financial Statements of Banks and Similar
PAS 30 Financial Institutions [superseded by PFRS 7] 01/01/05
PAS 31 Interests in Joint Ventures [superseded by PFRS 11] 01/01/05
PAS 32 Financial Instruments: Disclosure and Presentation 01/01/05
Financial Instruments: Presentation 01/01/07
Amendments to PAS 32: Puttable Financial Instruments and
Obligations Arising on Liquidation 01/01/09
Amendment to PAS 32: Classification of Rights Issues 02/01/10
Amendments to PAS 32: Offsetting Financial Assets and Financial
Liabilities 01/01/14*
PAS 33 Earnings per Share 01/01/05
PAS 34 Interim Financial Reporting 01/01/05
PAS 36 Impairment of Assets 01/01/05
Amendments to PAS 36: Recoverable Amount Disclosures for Non-
Financial Assets 01/01/14*
PAS 37 Provisions, Contingent Liabilities and Contingent Assets 01/01/05
PAS 38 Intangible Assets 01/01/05
PAS 39 Financial Instruments: Recognition and Measurement 01/01/05
Amendments to PAS 39: Transition and Initial Recognition of
Financial Assets and Financial Liabilities 01/01/05
Amendments to PAS 39: Cash Flow Hedge Accounting of Forecast
Intragroup Transactions 01/01/06
Amendments to PAS 39: The Fair Value Option 01/01/06
Amendments to PAS 39: Financial Guarantee Contracts 01/01/06
Amendments to PAS 39: Reclassification of Financial Assets 07/01/08
Amendments to PAS 39: Reclassification of Financial Assets -
Effective Date and Transition 07/01/08
Amendments to PAS 39: Embedded Derivatives 06/30/09
Amendment to PAS 39: Eligible Hedged Items 07/01/09
PAS 40 Investment Property 01/01/05
PAS 41 Agriculture 01/01/05
Financial Reporting Standards for Non-publicly Accountable
PAS 101 Entities [superseded by PFRS for SMEs] 01/01/05
Amendment to PAS 101: Change in Effective Date [superseded by
PFRS for SMEs] 01/01/05
Column1
Annual Improvements to PFRSs
Improvements to PFRSs (Approved in 2008)
Amendments to PAS 1, PAS 16, PAS 19, PAS 20, PAS 23, PAS 27, PAS 28, PAS 29, PAS 31, PAS 36, PAS 38, PAS 39, PAS 40, PAS 4
Amendments to PFRS 5
Improvements to PFRSs (Approved in 2009)
Amendments to PFRS 2, PAS 38, Philippine Interpretation IFRIC–9, Philippine Interpretation IFRIC–16
Amendments to PFRS 5, PFRS 8, PAS 1, PAS 7, PAS 17, PAS 36, PAS 39
Amendment to PAS 18, Appendix
Improvements to PFRSs (Approved in 2010)
Amendments to PFRS 3, Transition requirements for amendments to PAS 21, PAS 28 and PAS 31 made as a result of PAS 27 (R
Amendments to PFRS 1, PFRS 7, PAS 1, PAS 34, Philippine Interpretation IFRIC–13
Annual Improvements to PFRSs 2009-2011 Cycle
Amendments to PFRS 1, PAS 1, PAS 16, PAS 32 and PAS 34
Column2
Effective Date

01/01/09
07/01/09

07/01/09
01/01/10
05/27/09

07/01/10
01/01/11

01/01/13*