Version 9 - February 2025 (template release)
Template release pack
This release focuses on the legislative content changes, features and correction updates for the period ending December 2024. The template is available on platform 6.28.9259, 6.29.9459, 6.30.9574, 6.31.9627, 6.32.9713.
Release notes
- Period end: December 2024
- Update type: Major features, legislative, and corrections
Overview
This template is available on platform 6.28.9259.
These key legislative updates, effective for annual periods beginning January 1, 2024, include several amendments and new standards.
- International tax reform - Pillar Two model rules: Amendments to IAS 12.
- Classification of liabilities: Amendments to IAS 1 regarding the classification of liabilities as current or non-current and non-current liabilities with covenants.
- Lease liability in a sale and leaseback: Amendments to IFRS 16.
- Disclosures: supplier finance agreements: Amendments to IAS 7 and IFRS 7.
- Lack of exchangeability: Amendments to IAS 21.
- Sale or contribution of assets between an investor and its associate or joint venture: Amendments to IFRS 10 and IAS 28.
- Classification and measurement of financial instruments: Amendments to IFRS 9 and IFRS 7.
- IFRS 18: Presentation and disclosure in financial statements.
- IFRS 19: Subsidiaries without public accountability: Disclosures.
XBRL changes
We've applied partial XRBL tagging functionalities to this template. If you would like to enable these functionalities, contact a Thomson Reuters representative for further assistance.
Legislative
For detailed changes, refer to the document
IFRS.CT (02.2025) (P 6.28.9259 C 9.0 - Content Change List, Full Version)
, which contains the complete list of updates.Accounting Reference Number | Details |
|---|---|
IAS 12 | International Tax Reform - Pillar Two model rules - amendments to IAS 12. |
IAS 1 | Classification of liabilities as current or non-current and non-current liabilities with covenants - amendments to IAS 1. |
IFRS 16 | Lease liability in a sale and leaseback - amendments to IFRS 16. |
IAS 7 and IFRS 7 | Disclosures: Supplier Finance Agreements - amendments to IAS 7 and IFRS 7. |
IAS 21 | We addressed lack of exchangeability - amendments to IAS 21. |
IFRS 10 and IAS 28 | Sale or contribution of assets between an investor and its associate or joint venture - amendments to IFRS 10 and IAS 28. |
IFRS 9 and IFRS 7 | Classification and measurement of financial instruments - amendments to IFRS 9 and IFRS 7. |
IFRS 18 | Presentation and disclosure in financial statements. |
IFRS 19 | Disclosures: Subsidiaries Without Public Accountability. |
Corrections
Item ID 2571695 - Single entity report revision
We revised and corrected the single entity’s report in both Preview and Design modes to align with the 2024 model content.
Features
Item ID 2550321 - Adjusted and extended old content to 5-year period
We adjusted and moved old content folders to the
Pre 2024 [to be reviewed for deletion YE 2029]
folder. We'll review the old content for deletion in the next 5 years. Content changes
Item ID 2225928 - A
dded new categories and line items in the Primary Financial Statement to align with the IFRS taxonomy
New categories under the Categories listing:
- BS.A.NCA.INVESTMENTEQUITY
- BS.A.NCA.BIOLOGICAL
- BS.A.NCA.INVENT
- BS.A.NCA.CTA
- BS.A.NCA.COLLATERAL
- BS.A.CA.CTA
- BS.A.CA.BIOLOGICAL
- BS.A.CA.COLLATERAL
- BS.L.NCL.CTL
- BS.L.NCL.OTHERNONFL
- BS.L.CL.CTL
- PL.REV.INTEREST
- PL.REV.INSURANCE
- FUNCTION.OTHEREXP
- FUNCTION.OTHERGAINSLOSSES
- FUNCTION.INSURANCE
- FUNCTION.REINSURANCE
- NATURE.OTHERWORK
- NATURE.REVERSALIMPAIRMENT
- NATURE.OTHEREXP
- NATURE.OTHERGAINSLOSSES
- NATURE.INSURANCE
- NATURE.REINSURANCE
- PL.CARRYAMOUNTDIVIDENDSANDNONCASH
- PL.GAINSORLOSSESNETMONETARY
- PL.GAINORLOSSDERECOGNISEFA
- PL.IMPAIRMENT
- PL.INSURANCE
- PL.REINSURANCE
- PL.OTHERFROMSUBANDASSO
- PL.GAINSORLOSSESDIFFOFFA
- PL.ACCUMULATIVEGAINORLOSS
- PL.HEDGINGGAINSORLOSSES
Line items added into grid tables
Statement of comprehensive income
- Exchange differences on translation, other than translation of foreign operations
- Change in fair value of financial liability attributable to change in credit risk of liability
- Gains (losses) on hedging instruments that hedge investments in equity instruments
- Insurance finance income (expenses) from insurance contracts issued excluded from profit or loss that will not be reclassified to profit or loss
- Available-for-sale financial assets
- Financial assets measured at fair value through other comprehensive income
- Insurance finance income (expenses) from insurance contracts issued excluded from profit or loss
- Finance income (expenses) from reinsurance contracts held excluded from profit or loss
Statement of change in equity
- Increase through other contributions by owners, equity
- Decrease through other distributions to owners, equity
- Increase (decrease) through other changes, equity
- Increase (decrease) through treasury share transactions, equity
- Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity
- Amount removed from reserve of cash flow hedges and included in initial cost or other carrying amount of non-financial asset (liability) or firm commitment for which fair value hedge accounting is applied
- Amount removed from reserve of change in value of time value of options and included in initial cost or other carrying amount of non-financial asset (liability) or firm commitment for which fair value hedge accounting is applied
- Amount removed from reserve of change in value of forward elements of forward contracts and included in initial cost or other carrying amount of non-financial asset (liability) or firm commitment for which fair value hedge accounting is applied
- Amount removed from reserve of change in value of foreign currency basis spreads and included in initial cost or other carrying amount of non-financial asset (liability) or firm commitment for which fair value hedge accounting is applied
Statement of cash flow
Cash flows used in operating activities (indirect method)
- Adjustments for income tax expense
- Adjustments for decrease (increase) in other operating receivables
- Adjustments for increase (decrease) in other operating payables
- Adjustments for depreciation and amortisation expense
- Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss
- Adjustments for unrealised foreign exchange losses (gains)
- Adjustments for fair value losses (gains)
- Adjustments for undistributed profits of associates
- Other adjustments for non-cash items
- Other adjustments for which cash effects are investing or financing cash flow
- Other adjustments to reconcile profit (loss)
- Dividends paid
- Dividends received
- Other inflows (outflows) of cash
Cash flows used in operating activities (direct method)
- Receipts from royalties, fees, commissions and other revenue
- Receipts from contracts held for dealing or trading purposes
- Receipts from rents and subsequent sales of assets held for rental to others and subsequently held for sale
- Recoveries on loans previously written off
- Other cash receipts from operating activities
- Payments relating to royalties, fees and commissions
- Payments from contracts held for dealing or trading purpose
- Payments to manufacture or acquire assets held for rental to others and subsequently held for sale
- Other cash payments from operating activities
Cash flows used in investing activities
- Cash flows from losing control of subsidiaries or other businesses
- Other cash receipts from sales of equity or debt instruments of other entities
- Other cash payments to acquire equity or debt instruments of other entities
- Other cash receipts from sales of interests in joint ventures
- Proceeds from sales of intangible assets
- Purchase of intangible assets
- Proceeds from sales of other long-term assets
- Purchase of other long-term assets
- Cash advances and loans made to other parties
- Cash receipts from repayment of advances and loans made to other parties
- Dividends received
- Interest paid
- Interest received
- Income taxes refund (paid)
- Other inflows (outflows) of cash
Cash flows used in financing activities
- Proceeds from changes in ownership interests in subsidiaries that do not result in loss of control
- Payments from changes in ownership interests in subsidiaries that do not result in loss of control
- Proceeds from issuing other equity instruments
- Payments to acquire or redeem entity's shares
- Payments of other equity instruments
- Proceeds from government grants
- Dividends paid
- Interest paid
- Income taxes refund (paid)
Item ID | Title | Details and limitations |
|---|---|---|
2642588 | Legislative changes to the single entity: updates to primary statements and accounting policies | We updated text and tables according to the 2024 model content. We removed two categories, ‘BS.A.NCA.HELDSALE’ and ‘BS.L.NCL.HELDSALE’, from tables in the statement of financial position and moved them to the NLUC.FY24 folder. We'll review the NLUC.FY24 folder for deletion in the next 5 years. |
2642590 | Legislative changes to single entity: updates to significant accounting judgements, revenue from contracts with customers, capital management, business combinations and acquisition of non-controlling interests, and interest in a joint venture | We updated text and line items in significant accounting judgements, revenue from contracts with customers, capital management, business combinations and acquisition of non-controlling interests, and interest in a joint venture according to the 2024 model content. |
2642591 | Legislative changes to single entity: updates to discontinued operations, income tax, financial assets and financial liabilities, trade and other payables, leases and standards issued but not yet effective | We updated text, line items, and tables in discontinued operations, income tax, financial assets and financial liabilities, trade and other payables, leases, and standards issued but not yet effective, according to the 2024 model content. We added a new sub-category named ‘BS.L.CL.PAYABLES.OTHER.INTEREST’ to replace ‘BS.L.CL.PAYABLES.INTEREST’. This new category is linked to a table in the trade and other payables note. We removed the category ‘BS.L.CL.PAYABLES.INTEREST’ from the table and moved it to the NLUC.FY24 folder. We'll review the NLUC.FY24 folder for deletion in the next 5 years. |
2642592 | Legislative changes to single entity: updates to illustrative disclosure about Pillar Two taxes | We updated text and list items in illustrative disclosure about Pillar Two taxes according to the 2024 model content update. |
2652997 | Legislative changes to the consolidated entity: updates to primary statements and accounting policies | We updated text and tables according to the 2024 model content. We removed two categories, ‘BS.A.NCA.HELDSALE’ and ‘BS.L.NCL.HELDSALE’, from tables in the statement of financial position and moved them to the NLUC.FY24 folder. We'll review the NLUC.FY24 folder for deletion in the next 5 years. |
2652998 | Legislative changes to consolidated entity: updates to significant accounting judgements, revenue from contracts with customers, capital management, business combinations and acquisition of non-controlling interests, and interest in a joint venture | We updated text and line items in significant accounting judgements, revenue from contracts with customers, capital management, business combinations and acquisition of non-controlling interests, and interest in a joint venture according to the 2024 model content. |
2652999 | Legislative changes to consolidated entity: updates to discontinued operations, income tax, goodwill and intangible assets with indefinite useful lives, financial assets and financial liabilities, trade and other payables, leases and standards issued but not yet effective | We updated text, line items, and tables in discontinued operations, income tax, goodwill and intangible assets with indefinite useful lives, financial assets and financial liabilities, trade and other payables, leases, and standards issued but not yet effective, according to the 2024 model content. We added a new sub-category named ‘BS.L.CL.PAYABLES.OTHER.INTEREST’ to replace ‘BS.L.CL.PAYABLES.INTEREST’. This new category is linked to a table in the trade and other payables note. We removed the category ‘BS.L.CL.PAYABLES.INTEREST’ from the table and moved it to the NLUC.FY24 folder. We'll review the NLUC.FY24 folder for deletion in the next 5 years. |
2653000 | Legislative changes to consolidated entity: updates to consolidated statement of financial position with separate presentation lease liability, including disclosure, material accounting policy information – an illustrative example, example of a “auditors' remuneration note”, illustrative disclosure about Pillar Two taxes | We updated text and tables in the consolidated statement of financial position with separate presentation lease liability, including disclosure, material accounting policy information – an illustrative example, example of an “auditors' remuneration note”, and illustrative disclosure about Pillar Two taxes, according to the 2024 model content. We removed two categories, ‘BS.A.NCA.HELDSALE’ and ‘BS.L.NCL.HELDSALE’, from tables in the statement of financial position and moved them to the NLUC.FY24 folder. We'll review the NLUC.FY24 folder for deletion in the next 5 years. |
Impact on existing clients
The are no impacts.
Deviations from standard configuration
There are no deviations.
Additional information
We've created additional folders to store dated content at the bottom of each folder level of the annual report, as well as within the category structure. Review these elements and create duplicates to retain them if needed.
Known issues
Platform display setting issue
For users working on the 6.29.9459 platform, there is a display setting issue caused by a platform error. Report elements set to
Never
are still appearing in both Preview and Design modes when viewing notes individually. However, these elements function correctly in the full report view.Full report view
Individual note view
Known Issue: ID 1994065
We have identified an issue related to ID 1994065. Ensure you apply non-zero values to all sections, columns, and total rows. Total rows with only one row in
Included in Total
are greyed out in the Smart table and don't appear in the report in either Preview or Design mode. Change the display setting to Always
if you need to show the total rows.For tables with text columns, set the display setting to
Always
for sections and subsections to ensure line items are shown.Character limitation in grid column headers
Headers in grid columns have a character limitation of up to 60 characters.
Export to excel functionality
The
Export to Excel
doesn't work properly for content pages. When exporting content pages, the content pages tab in the spreadsheet appears blank. Other elements export correctly.Page break issue
If you select
Page break before
in PY and PPY for both E1 and E2, it causes the report to generate only in portrait mode in Preview. Even if you select Change to portrait
, the rest of the report remains in landscape. Therefore, you need to uncheck Page break before
.Web platform issues
Our test company failed to push the web successfully, and there are pending fixes to implement on the web platform. This may or may not affect customer files. If issues arise, contact support.
Related Content
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IFRS
Format:
Article,
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