The IFRS Foundation today published the
nternational Financial Reporting Standards (IFRS) Taxonomy 2011 interim releasefor IFRS 12
Disclosure of Interests in Other Entities and IFRS 13
Fair Value Measurement, which were issued by the IASB in May 2011.
IFRS Taxonomy 2011 is a translation of IFRSs as issued at 1 January 2011 into XBRL (eXtensible Business Reporting Language). IFRS Taxonomy interim releases contain additional taxonomy concepts that reflect new IFRSs and improvements to IFRSs published by the IASB, thereby allowing entities wishing to report electronically using the latest IFRSs to do so without the need for these entities to create their own taxonomy concepts. From an XBRL technology perspective, these additional items are consistent with the XBRL architecture of the 2011 taxonomy as outlined in
The IFRS Taxonomy 2011 Guide and
The Global Filing Manual.
All IFRS Taxonomy 2011 interim releases will be incorporated and consolidated in the IFRS Taxonomy 2012. The public draft of the 2012 taxonomy is due to be published in Q1 2012.