The IFRS Taxonomy 2018 reflects the presentation and disclosure requirements of the IFRS Standards as issued by the International Accounting Standards Board (Board) at 1 January 2018, the IFRS for SMEs Standard as issued by the Board in December 2015 and Practice Statement 1 Management Commentary as issued by the Board in December 2010.

The IFRS Taxonomy also includes elements that reflect common reporting practice by entities that apply IFRS Standards (common practice).

The IFRS Taxonomy 2018 includes amendments made to the IFRS Taxonomy 2017 such as: Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Amendments to IFRS 4) issued by the Board in September 2016, IFRS 17 Insurance Contracts issued by the Board in May 2017 and Prepayment Features with Negative Compensation (Amendments to IFRS 9) issued by the Board in October 2017.

In addition, it includes annual improvements to the IFRS Taxonomy such as an enhanced data model for reporting relating to continuing and discontinued operations, changes to better reflect disclosures in IAS 19 Employee Benefits and disclosures in IFRS 7 Financial Instruments: Disclosures.

The IFRS Taxonomy 2018 was published on 16 March 2018.

Below you will find all information relevant to the annual IFRS Taxonomy. Additional resources, such as The IFRS Taxonomy architecture, can be accessed here.

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