• Philippine Financial Reporting Standards
• Statements of Financial Reporting Standards Effective as of December 2004
  

Preface to Philippine Financial Reporting Standards Framework for the Preparation and Presentation of Financial Statements Philippine Financial Reporting Standards

PFRS	Title	Effective Date*
PFRS 1	First-time Adoption of Philippine Financial Reporting Standards	1/1/05
PFRS 2	Share Based Payment	1/1/05
PFRS 3	Business Combinations	1/1/05
PFRS 4	Insurance Contracts	1/1/05
	Amendments to PAS 39 and PFRS 4: Financial Guarantee Contracts	1/1/06
PFRS 5	Non-current Assets Held for Sale and Discontinued Operations	1/1/05
PFRS 6	Exploration for and Evaluation of Mineral Resources	1/1/06
PFRS 7	Financial Instruments: Disclosures	1/1/07
	Amendments to PFRS 7: Transition	1/1/07
PFRS 8	Operating Segments	1/1/09

Philippine Accounting Standards (PASs)

PAS	Title	Effective Date *
PAS 1	Presentation of Financial Statements	1/1/05
	Amendment to PAS 1: Capital Disclosures	1/1/07
PAS 1 (revised)	Presentation of Financial Statements	1/1/09
PAS 2	Inventories	1/1/05
PAS 7	Cash Flow Statements	1/1/05
PAS 8	Accounting Policies, Changes in Accounting Estimates and Errors	1/1/05
PAS 10	Events after the Balance Sheet Date	1/1/05
PAS 11	Construction Contracts	1/1/05
PAS 12	Income Taxes	1/1/05
PAS 14	Segment Reporting	1/1/05
PAS 16	Property, Plant and Equipment	1/1/05
PAS 17	Leases	1/1/05
PAS 18	Revenue	1/1/05
PAS 19	Employee Benefits	1/1/05
	Amendments to PAS 19: Actuarial Gains and Losses, Group Plans and Disclosures	1/1/06
PAS 20	Accounting for Government Grants and Disclosure of Government Assistance	1/1/05
PAS 21	The Effects of Changes in Foreign Exchange Rates	1/1/05
PAS 23	Borrowing Costs	1/1/05
PAS 23 (revised)	Borrowing Costs	1/1/09
PAS 24	Related Party Disclosures	1/1/05
PAS 26	Accounting and Reporting by Retirement Benefit Plans	1/1/05
PAS 27	Consolidated and Separate Financial Statements	1/1/05
PAS 28	Investments in Associates	1/1/05
PAS 29	Financial Reporting in Hyperinflationary Economies	1/1/05
PAS 30	Disclosures in the Financial Statements of Banks and Similar Financial Institutions	1/1/05+
PAS 31	Interests in Joint Ventures	1/1/05
PAS 32	Financial Instruments: Presentation	1/1/07++
PAS 33	Earnings per Share	1/1/05
PAS 34	Interim Financial Reporting	1/1/05
PAS 36	Impairment of Assets	1/1/05
PAS 37	Provisions, Contingent Liabilities and Contingent Assets	1/1/05
PAS 38	Intangible Assets	1/1/05
PAS 39	Financial Instruments: Recognition and Measurement	1/1/05
	Amendments to PAS 39: Transition and Initial Recognition of Financial Assets and Financial Liabilities	1/1/05
	Amendments to PAS 39: Cash Flow Hedge Accounting of Forecast Intragroup Transactions	1/1/06
	Amendments to PAS 39: The Fair Value Option	1/1/06
	Amendments to PAS 39 and PFRS 4: Financial Guarantee Contracts	1/1/06
PAS 40	Investment Property	1/1/05
PAS 41	Agriculture	1/1/05
PAS 101	Financial Reporting Standards for Non-publicly Accountable Entities	1/1/05
	Amendment to PAS 101: Change in Effective Date	1/1/05

* Refers to annual periods beginning on or after the effective date indicated. + Superseded by PFRS 7, Financial Instruments: Disclosures, effective January 1, 2007 . ++ Amended by PFRS 7, Financial Instruments: Disclosures, effective January 1, 2007.

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