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This article applies to:

  • Product: ONESOURCE Statutory Reporting
  • Subject: Templates

Version 14 - March 2025 (template release)

Template release pack

This release focuses on the legislative content changes 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, and 6.32.9713.

Release notes

  • Period end: December 2024
  • Update type: Major legislative changes
Overview
This is a major release with important legislative updates. No features or corrections were updated in this release. We updated content and rolled over the financial year to December year end 2024.
Important legislative details
Effective for annual periods beginning January 1, 2024:
  • International Tax Reform – Pillar Two Model Rules – Amendments to IAS 12
  • Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants – Amendments to IAS 1
  • 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
Our publication provider reviewed the entire report for IFRS alignment. We highlighted changes throughout the documents, including:
  • Minor wording adjustments
  • Paragraph and line alignment with IFRS
  • Sentence modifications for clarity and context
Appendix updates
We moved some large tables from 2023 to the 2024 legacy folders. You can reinstate items from legacy folders if needed. We will remove these folders after 3 years.
  • Consult with your professional advisor before making modifications.
  • Back up your existing data before upgrading.
For more details, refer to other publication-related documents or the Additional Information section of this release article.Version 14.0 is available on platforms 6.28.9259, 6.29.9459, 6.30.9574, 6.31.9627, and 6.32.9713.
Legislative updates
Refer to the
Content Change List
 PDF in the release pack for detailed and specific changes.
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
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
Subsidiaries without Public Accountability: Disclosures
Content changes
Item ID
Title
Details and limitations
2792762
Legislative checking for Primary Statements
We made no major updates to Primary Statements or trial balance values. View all highlighted modifications in "KR.CT (03.2025) (P 6.28.9259 C 14.0 – Content Change List (Full Version))".
2792766
Notes 1-5
  • Note 1: Corporate information
  • Note 2: Accounting policies
  • Note 3: Significant accounting judgements, estimates and assumptions
  • Note 4: Revenue from contracts with customers
  • Note 5: Capital management
We updated text and tables to match 2024 model content.
We added a new section under 2.3.25 and incorporated 2024 legislative updates under 2.4.2.
Other updates include wording refinements, text modifications, and paragraph and line alignment to improve IFRS compliance.
2792767
Notes 6-10
  • Note 6: Group information
  • Note 7: Business combination and acquisition of non-controlling interests
  • Note 8: Partly-owned subsidiaries
  • Note 9: Interest in a joint venture
  • Note 10: Investment in an associate
We updated text and tables to match 2024 model content.
Other updates include wording refinements, text modifications, and paragraph alignment to improve IFRS compliance.
2792768
Notes 11-15
  • Note 11: Fair value measurement
  • Note 12: Other income/expenses
  • Note 13: Discontinued operations
  • Note 14: Income tax
  • Note 15: Property, plant and equipment
We updated text and tables to match 2024 model content.
We added paragraphs under Section 14 (Income Tax Expense) to comply with Tax Pillar 2 updates.
Other updates include wording refinements, text modifications, and paragraph alignment to improve IFRS compliance.
2792769
Notes 16-20
  • Note 16: Investment properties
  • Note 17: Intangible assets and goodwill
  • Note 18: Goodwill and intangible assets with indefinite useful lives
  • Note 19: Financial assets and financial liabilities
  • Note 20: Inventories
We updated text and tables to match 2024 model content. We added paragraphs under Sections 19.2 and 19.5.
Other updates include wording refinements, text modifications, and paragraph alignment to improve IFRS compliance.
2792770
Notes 21-25
  • Note 21: Trade receivables and contract assets
  • Note 22: Prepayments
  • Note 23: Cash and short-term deposits
  • Note 24: Issued capital and reserves
  • Note 25: Distributions made and proposed
We updated text and tables to match 2024 model content.
Other updates include wording refinements, text modifications, and paragraph alignment to improve IFRS compliance.
2792771
Notes 26-30
  • Note 26: Provisions
  • Note 27: Government grants
  • Note 28: Contract liabilities
  • Note 29: Trade and other payables
  • Note 30: Leases
We updated text and tables to match 2024 model content.
We added paragraphs and one table under Section 29.
Other updates include wording refinements, text modifications, and paragraph alignment to improve IFRS compliance.
2792772
Notes 31-36
  • Note 31: Pensions and other post-employment benefit plans
  • Note 32: Share-based payments
  • Note 33: Commitments and contingencies
  • Note 34: Related party disclosures
  • Note 35: Standards issued but not yet effective
  • Note 36: Events after the reporting period
We updated text and tables to match 2024 model content.
We added paragraphs under Section 32 and several paragraphs with sections under Section 35.
Other updates include wording refinements, text modifications, and paragraph alignment to improve IFRS compliance.
2792773
Legislative changes to appendices
We updated text and tables to match 2024 model content.
We added sections, paragraphs, and tables under Appendix 1.
We confirmed with Korea template's publication provider that large tables previously in Appendix 2 will no longer be included from 2024 onward unless changed.
We added dot points under Appendix 3 and inserted Appendix 5 as a new section.
Other updates include wording refinements, text modifications, and paragraph alignment to improve IFRS compliance.

Additional information

Template updates and maintenance information
We'll delete folders named "FY21, -FY22, or any earlier fiscal years" across the entire template in the next year-end December 2025 release.
This release includes updates from 2024 legislative changes and general refinements and formatting adjustments to align better with IFRS practices. We marked all details in publication-related documents including the full content change list, illustrative model content, sprint summary, and release notes.
Previous information (from version 13)
The examples provided here offer only a partial view of changes. For comprehensive understanding, refer to:
  • "Track Changes Illustrative Model" document
  • "KR Corporate Template (Yellow - 12.2023) (P 6.28.9259 C 12.0 - Content Change List (Full Version))"
  • "KR Corporate Template (Yellow - 11.2022) (P 6.28.9259 C 10.0 - Illustrative Model FS)"
When upgrading to a new template version, the application will prompt you to
View Differences
 for a complete review of all changes.We anticipate another IFRS-alignment review for the KR template in the coming year. We'll provide detailed information for the following if this occurs:
Item ID
Details and limitations
2411598 (parent: 2411594)
The Trial Balances (TB) of the Korea template have undergone adjustments as part of the IFRS-alignment work. These adjustments encompass the segregation of accounts, additions, deactivations (no longer in use), and other modifications.
In Version 12's release pack, we are introducing two types of TB – one labelled as OLD and the other as NEW, representing the adjusted version. This approach allows existing users sufficient time to incorporate the adjusted TB into their current templates. Both versions will be available for the next three years, until 2026. After December YE2026, the OLD TB will disappear from the release pack.
N/A
Two legacy folders now exist as part of the IFRS-alignment work:
  • "Legacy content prior to YE2023 and will be deleted YE2026": This folder contains content that has not been in use for an extended period or is only valid until YE2022. Consequently, this folder will disappear in December YE2026, three years from now. This gradual fading-out process of content during FY rollover will continue as a recurring practice (e.g., in the next year YE release, a folder named "Legacy content prior to YE2024 and will be deleted YE2027" will follow the same logic). Due to the substantial size of content updates in this release, existing users should retain their current data before upgrading to prevent any potential data loss.
  • "No-longer-used content due to IFRS-alignment and will be deleted YE2026": As highlighted in earlier releases, this version includes significant updates resulting from IFRS-alignment work. These updates encompass changes in table format, paragraph content, the deactivation of existing sections, creation of new sections, and more. Given the substantial size of content updates, existing users should retain their current data before upgrading to this version to mitigate any risk of data loss.
We have annotated detailed information about the significant updates resulting from IFRS-Alignment work, including the following items listed, in our
Track Changes Illustrative Model
 PDF and the
Full Content Change List
.
Item ID
Details and limitations
2411598 (parent: 2411594)
  • Updated section order
    : Reordered certain sections to match the IFRS template’s section order. These changes mainly affect various Notes, including the removal of some sections. We relocated these removed sections to a folder labeled “No-longer-used content due to IFRS-alignment and will be deleted YE2026,” referred to as the “IFRS-Alignment legacy folder” in this release note. We also made naming changes.
  • Paragraphs
    : Adjusted paragraphs to fit the IFRS format by dividing some into more paragraphs or combining them into fewer.
  • Profit or loss statement
    : Updated the PL statement, revising numerical figures, line order, and section composition. We moved this statement to appear before the Balance Sheet, in line with the IFRS template.
  • Director's report
    : Added the Directors’ report into the Korea template in alignment with the IFRS template.
  • Reverted "XX" dummy values back to hard-coded
    : Removed illustrative XXX presentations linked to variables at the
    Properties
     tab of their elements, as this feature is now irrelevant. We replaced them with hard-coded texts. We'll no longer provide variables. Users who want to deactivate this dummy value presentation can follow the same method.
2411600 (parent: 2411594)
2.3.3 (유동성/ 비유동성분류)
: Removed this section from the Notes to the Financial Statements this year. Updated the remaining note numbers accordingly. Recorded the update by our publication provider, not in the CUD.
2411600 (parent: 2411594)
2.5.3 (기본주당이익 및 희석주당이익에 미치는 영향)
: Confirmed by our publication providers that the EPS information is not relevant to our client scope. Did not update or display the corresponding section.
2411604 (parent: 2411594)
5 (영업부문정보)
: Existed only in the KR template, not in the IFRS template. Confirmed by our publication provider as unnecessary for our client scope. Moved the section to the IFRS-Alignment legacy folder.
2411608 (parent: 2411594)
12.4 (금융수익)
: Removed several line items from the current table to conform with IFRS standards. Generated a new table and relocated the previous one to the IFRS-Alignment legacy folder. Highlighted substantial changes in Note 12 tables to align with IFRS features.
2411608 (parent: 2411594)
12.5 (기타수익)
: Built a new table as some lines from the previous 12.4 table are now part of 12.5. Stored the former table in the IFRS-Alignment legacy folder. Consult the folder for legacy information.
2411608 (parent: 2411594)
12.6 (연결손익계산서에 포함된 감가상각비)
: Linked certain accounts, such as 순외환차익, with categories due to Trial Balance adjustments aligning with IFRS standards.
2411608 (parent: 2411594)
12.9 (관리비)
: Rearranged most accounts in the table and linked them with their respective categories.
2411610 (parent: 2411594)
주당이익
:
Confirmed by publication providers that EPS information is not relevant to our client scope. Did not update or display the section, and moved it to the IFRS-Alignment legacy folder.
2411610 (parent: 2411594)
14 (법인세 → 이연법인세내역)
:
Modified the corresponding section table to align with IFRS features. Created a new table and relocated the previous one to the IFRS-Alignment legacy folder.
2411612 (parent: 2411594)
15 (유형자산 → 변동내역 table)
: Introduced a new column during IFRS template alignment, leading to TB adjustments. Added corresponding categories to ensure alignment. Appended Extra 1 and Extra 2 categories under the corresponding account for better reconciliation.
2411612 (parent: 2411594)
16 (투자부동산)
: Updated TB values for tables under this section to reconcile "사무용부동산" and "상가용부동산" columns, aligning with IFRS standards. Ensured the total value of Investment Properties remains unchanged. Incorporated a reconciliation section for clarity.
2411614 (parent: 2411594)
17 (무형자산)
: Introduced new categories to harmonize with tables for IFRS alignment. Accompanied by TB adjustments for seamless reconciliation. Emphasized that total values remain unaltered. Added reconciliation sections and restructured tables to align with the IFRS template.
2411616 (parent: 2411594)
19 (금융자산 및 금융부채)
: Refined certain TB values to enhance reconciliation, in conformity with IFRS features. Omitted "Long-term borrow" from the TB, while adjusted values maintain the total unchanged. Positively influenced reconciliation in related notes.
2411618 (parent: 2411594)
22 (선급금)
: Added this new section as part of the IFRS alignment process. Built a category table and adjusted TB values to reconcile without changing the total value.
2411620 (parent: 2411594)
24 (자본금 및 잉여금)
: Implemented significant updates in tables to seamlessly align with IFRS standards. Relocated previous versions to the IFRS-Alignment legacy folder.
2411620 (parent: 2411594)
25 (배당금)
: Introduced a new table format following the IFRS template review. Archived the previous version in the IFRS-Alignment legacy folder.
2411628 (parent: 2411597)
30 (리스)
: Incorporated additional categories for value reconciliation, leading to corresponding TB adjustments. Maintained unchanged total values. Marked the "리스부채" column as "(no longer in use)" for removal in FY2026.
2411630 (parent: 2411597)
31 (퇴직급여)
: Made significant updates to tables, integrating new formats and features for IFRS alignment. Relocated previous versions to the IFRS-Alignment legacy folder.
2411632 (parent: 2411597)
34 (특수관계자 공시)
: Reconstructed tables to adhere to the IFRS template, creating a new section. Archived the previous version in the IFRS-Alignment legacy folder.
2411636 (parent: 2411597)
Appendices
: Introduced Appendices to the template for IFRS alignment. Categorized them into “Appendix - K-IFRS Overlay (local based)” and “Appendix - IFRS based.” Provided additional information in the local-based appendix and presented the translated version of the IFRS illustrative model in the IFRS-based appendix.
1
Reference to feature number
2330237
:
  • Sub-NLUC folders will be deleted in the December year end release of 2024.
  • A new sub-NLUC folder labeled FY22 will be added in next year’s feature release, scheduled during the half-year.
2
The Export to Excel issue for the Annual Report was fixed in the past release. The issue was caused by manual tables using merged cells. We adjusted the table formation to avoid using merged cell format. Now, the function works properly, and there is no need to uncheck manual tables to export the Annual Report to Excel.
The tables still follow the publication feature. Since the adjusted manual tables replaced the existing ones, the specific IDs for these table elements did not change. This update ensures that users will not lose their existing data.
This feature has been available since the version 8 release.
2248507
To better align the Korea template with the IFRS template, updated some dummy value presentations with XX where applicable. Estimated that 17 Note sections are affected.
If users have already customized those areas, the change will not affect their template, and no data will be overwritten by this update. Users can manually adjust text for illustrative values instead of using the 'text variable feature' from the version 6 release (ID# 1875947). More details are provided under Additional Information Item ID no. 4.
Created a user story to document this update, including relevant screen captures with ID# 2248507 for reference. There may be more areas not listed. Users can reference these points to preserve existing data before upgrading to this release version, preventing data loss. The system includes a "View Difference" window to preview updates before implementing the actual upgrade.
The most affected areas can be viewed in the track change report or content change list included in this release pack. The following is a list of note sections and the approximate number of elements affected:
  • Note 1
    : 회사의 개요 (Accounting) (1 paragraph – 1 word affected)
  • Note 2.3.5
    : 설비의 판매 (1 paragraph – 2 words affected)
  • Note 2.3.16 (1)
    : 금융자산의 손상 (4 paragraphs – 5 words affected)
  • Note 2.3.19
    : 비금융자산의 손상 → 영업권 (1 paragraph – 1 word affected) & 무형자산 (1 paragraph – 1 word affected)
  • Note 2.5
    : 오류수정 (1 paragraph – 5 words affected)
  • Note 3.1
    : 매각예정자산 (2 paragraphs – 6 words affected) & 의결권의 과반수 미만을 보유하고 있는 기업의 연결 (1 paragraph – 4 words affected)
  • Note 9
    : 2022년도 취득 (1 paragraph – 2 words affected)
  • Note 11
    : 공동기업 지분 (2 tables – 7 lines affected & 1 paragraph – 2 words affected)
  • Note 14
    : 투자부동산 (2 columns – 6 lines affected)
  • Note 16.2
    : 금융부채 – 이자부차입금 (8 headers – 6 words affected)
  • Note 16.3 (5)
    : 내재파생금융상품 (1 paragraph – 1 element affected)
  • Note 16.4
    : 공정가치 (whole manual table under 유의적이고 관측할 수 없는 투입변수에 대한 설명)
  • Note 23
    : 이익잉여금 (1 paragraph – 5 words affected)
  • Note 25
    : 충당부채 (3 paragraphs – 9 words affected)
  • Note 28
    : 퇴직급여 (6 tables – headers in grids) (Updated with XX in the table grid for consistency. Column headers are not linked with grid headers due to formatting limitations. Users can manually change the value presentation of column headers inside the table.)
  • Note 33
    : 중단영업 (1 paragraph – 1 word)
  • Note 38
    : 보고기간후 사건 (1 paragraph – 3 words)
4
Users can rename columns in grids via the Column > Rename feature without changing existing IDs to prevent data loss.
5
Users can now enter illustrative values manually into your templates, instead of using the "text variable feature," which adjusts figures by variables at the folder level. This feature was introduced in version 6, as detailed in the Feature section of the release notes (ID# 1875947).
It will be phased out in a few years for consistency with other templates and improved feasibility. Users will be informed in advance through a release note before this change to retain existing data.
6
Users can turn off “legislative reference rows” in the template from [FY] Report > Setting > Table > Condition.
Users can turn off the "legislative reference rows" in some template content by navigating to [FY] Report, then Setting > Table > Condition and unchecking the last row (회계기준코드 열 accounting legislation code row).

Known issues

The upgraded OAP file version 6.29.9459 is included in this release pack. However, users planning to update to the 6.29 platform should be aware of a known issue where elements set to display as “Never” may still appear in the report.
XBRL changes
There's no XBRL changes.
note
If you're not hosted by Thomson Reuters, contact the Support desk to obtain the new taxonomy package or for assistance to map the new taxonomy.
Corrections
There's no corrections.
Features
There's no new features.
Impact on existing clients
See previous sections for content-related changes.
Deviations from standard configuration
There's no deviations.
Appendix
There's no appendix.

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