The IFRS Taxonomy 2016 reflects the presentation and disclosure requirements of the IFRS Standards (including the IFRSs for SMEs) as issued by the International Accounting Standards Board ('Board') at 13 January 2016 and the IFRS Practice Statement Management Commentary as issued by the Board in December 2010.

The IFRS Taxonomy also includes elements to reflect IFRS reporting practice (‘common practice’).

The main amendments made to the IFRS Taxonomy 2015 that are included in the IFRS Taxonomy 2016 include: 2015 Amendments to the IFRS for SMEs issued by the Board in December 2015, IFRS 16 Leases issued by the Board in January 2016 and new common practice for information technology, media, chemicals and utility activities.

The IFRS Taxonomy 2016 was published on 31 March 2016.


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