Version 17 - June 2026 (template release)
Template release pack
This release focuses on the legislative content changes and feature updates for the period ending December 2025. The template is available on platform 6.28.9259 / 6.29.9459 / 6.30.9574 / 6.31.9627 / 6.32.9713 / 6.33.9810 / 6.34.9900.
Release notes
- Period end: December 2025
- Update type: Major (Legislative and Corrections).
Overview
This template is a major release that includes IFRS 18/K-IFRS 1118-related updates, together with selected feature updates.
The IFRS 18/K-IFRS 1118 updates have been introduced using a parallel content approach within the existing Korea Corporate Template. Under this approach, the original K-IFRS 1001-based content has generally been retained, while separate K-IFRS 1118-related content has been added or duplicated where required. This allows users to continue using the existing K-IFRS 1001 reporting flow or apply the K-IFRS 1118 reporting flow where early adoption is intended.
Users who intend to early adopt K-IFRS 1118 should use the K-IFRS 1118-related trial balance, mapping, categories, tables, report elements, paragraphs, and disclosure content provided in this release. Users who are not early adopting K-IFRS 1118 should continue using the existing K-IFRS 1001 reporting flow and obtain the original K-IFRS 1001 trial balance and mapping from the previous release pack.
In the draft template, K-IFRS 1001 and K-IFRS 1118-related content may both be available as conditional content. Users should review display settings to ensure that selected content, mappings, tables, and disclosures align with the entity's reporting basis. The illustrative publication and illustrative OAP included in this release pack have been prepared on a K-IFRS 1118 basis and may include publicly listed company disclosure content. These files are for reference only, and users should adjust the entity-specific report based on the entity's applicable reporting requirements.
Key updates in this release include:
- IFRS 18/K-IFRS 1118-related updates to primary statements and related note disclosures;
- Addition or duplication of K-IFRS 1118-related report elements, paragraphs, tables, tabs, grids, categories, mappings, and drilldown support where applicable;
- Provision of K-IFRS 1118-related trial balance and mapping files for users early adopting K-IFRS 1118;
- Inclusion of selected publicly listed disclosure, including Segment Information and earnings per share-related disclosures, where applicable;
- Updates to the illustrative publication, illustrative OAP, Table of Contents, and analytical reporting content to reflect the K-IFRS 1118-basis presentation; and
- Related contextual and presentation updates to support the IFRS 18/K-IFRS 1118 reporting approach and improve alignment with the IFRS template.
For further details on the updates, application guidance, and related display settings, please refer to the
Content Changes
and Additional Information
sections.This version is on platforms 6.28.9259, 6.29.9459, 6.30.9574, 6.31.9627, 6.32.9713, 6.33.9810 and 6.34.9900.
Legislative update
Accounting Reference Number | Details |
|---|---|
K-IFRS 1118 | Presentation and Disclosure in Financial Statements – This release includes IFRS 18/K-IFRS 1118-related updates to presentation and disclosure content. The existing K-IFRS 1001-based content has generally been retained, with K-IFRS 1118-related content added or duplicated where required.Please refer to the Content Changes and Additional Information sections below for detailed changes and application guidance |
Features
ITEM ID | TITLE | DETAILS AND LIMITATIONS |
|---|---|---|
5366921 | Inclusion of the report "Analytical Report (Primary Statement with VAR columns)" | A new Analytical Report (Primary Statements with VAR Columns) has been added to the template report list. This report is based on the existing Annual Report but has been simplified to include only the primary financial statements: Statement of Profit or Loss, Statement of Financial Position, and Statement of Cash Flows. The purpose of the report is to help users review year-on-year movements more easily by adding YOY VAR and VAR % columns directly into the statements. These variance columns show both the absolute movement and percentage change between the current and prior period, reducing the need for manual calculations. Materiality guidance has also been added at the bottom of each statement to support commentary on significant movements and can be adjusted using the folder-level variable. This update enables users to perform analytical reviews more efficiently and identify key financial movements more clearly. The analytical report also includes table elements reflecting the K-IFRS 1118 updates, which users can select based on whether the entity is early adopting K-IFRS 1118. |
5449829 | Update legacy element naming with "Deprecated" approach | Updated all legacy content, including items previously marked as "to be deleted", to use the standard wording "(Deprecated: FY20XX)". The financial year indicates when the content became inactive. Where this could not be clearly identified due to the age of the content, the item has been marked simply as "(Deprecated)".  Going forward, legacy content will no longer be scheduled for deletion after a certain number of years. Instead, it will be retained in place with the deprecated wording and set to "Never" display. This applies to all report components, including report elements, categories, table elements, and other elements that make up the report. Any future updates related to this approach will be communicated separately. |
5440569 | Drilldown for Primary Statements | Updated primary statement drilldown functions to align with K-IFRS 1118-related categories, mappings, and account details. |
Content changes
ITEM ID | TITLE | DETAILS AND LIMITATIONS |
|---|---|---|
Common | Common application guidance for IFRS 18/K-IFRS 1118-related updates | IFRS 18/K-IFRS 1118-related updates have been applied across relevant primary statements, note disclosures, tables, categories, mappings, drilldowns, and related report content. Users should refer to the Additional Information section for guidance on selecting between the K-IFRS 1001 and K-IFRS 1118 reporting flows, including the relevant trial balance, mapping, display settings, and publicly listed company disclosure settings where applicable. The items below summarise the affected areas and related content changes. |
5366766 | IFRS18 Legislative Update to Statement of Profit or Loss with Other Comprehensive Income (i.e., PL+OCI) | Updated the Statement of Profit or Loss and Other Comprehensive Income to include K-IFRS 1118 table content supporting IFRS 18 presentation requirements. |
5366774 | IFRS18 Legislative Update to Statement of Profit or Loss (optional content) | Updated the optional Statement of Profit or Loss to include K-IFRS 1118 table content supporting IFRS 18 presentation requirements. |
5366773 | IFRS18 Legislative Update to Statement of Financial Position (i.e., Balance Sheet) | Updated the Statement of Financial Position to include K-IFRS 1118 table content supporting IFRS 18 presentation requirements. |
5366776 | IFRS18 Legislative Update to Statement of Changes in Equity (i.e., SOCIE) | Updated the Statement of Changes in Equity to include K-IFRS 1118 table content supporting IFRS 18 presentation requirements. |
5366777 | IFRS18 Legislative Update to Statement of Cash Flows (i.e., CFS) (Direct/Indirect) | Updated the Statement of Cash Flows, including both indirect and optional direct method content, to include K-IFRS 1118 table content supporting IFRS 18 presentation requirements. |
5366778 | IFRS18 Legislative Update to TOC | Updated the Table of Contents (TOC) to reflect newly added IFRS 18-related, publicly listed, and optional content. |
5366780 | IFRS18 Legislative Update to s2.3.2 | Updated Note 2.3.2 Investments in associates and joint ventures to reflect IFRS 18/K-IFRS 1118 wording changes. |
5366781 | IFRS18 Legislative Update to s2.3.7 | Updated Note 2.3.7 Foreign currency translation by adding K-IFRS 1118-specific disclosure elements. |
5366784 | IFRS18 Legislative Update to s2.3.10 | Updated Note 2.3.10 Property, plant and equipment to reflect IFRS 18/K-IFRS 1118 wording changes. |
5366785 | IFRS18 Legislative Update to s2.3.11 | Updated Note 2.3.11 Leases to reflect IFRS 18/K-IFRS 1118 wording changes in lease-related disclosures. |
5366786 | IFRS18 Legislative Update to s2.3.15 | Updated Note 2.3.15 Financial instruments to reflect IFRS 18/K-IFRS 1118 wording changes, including fair value through profit or loss content. |
5366788 | IFRS18 Legislative Update to s2.3.16 | Updated Note 2.3.16 Derivative financial instruments and hedge accounting to reflect IFRS 18/K-IFRS 1118 presentation wording. |
5366789 | IFRS18 Legislative Update to s2.3.17 | Updated Note 2.3.17 Cost of sales to reflect IFRS 18-related presentation changes. |
5366791 | IFRS18 Legislative Update to s2.3.22 | Updated Note 2.3.22 to reflect the IFRS 18 legislative update. |
5366792 | IFRS18 Legislative Update to s2.3.23 | Updated Note 2.3.23 to reflect the IFRS 18 legislative update. |
5366794 | IFRS18 Legislative Update to s2.3.24 | Updated Note 2.3.24 to reflect the IFRS 18 legislative update. |
5366795 | IFRS18 Legislative Update to s2.4.2 | Updated Note 2.4.2 New and amended standards applied by the Group to reflect the adoption of IFRS 18/K-IFRS 1118. |
5366796 | IFRS18 Legislative Update to s3.1 | Updated Note 3.1 Judgements to reflect IFRS 18/K-IFRS 1118 wording changes. |
5366798 | IFRS18 Legislative Update to s4.2 | Updated Note 4.2 Contract balances to reflect IFRS 18/K-IFRS 1118 wording changes. |
5366799 | IFRS18 Legislative Update to s6 | Updated Note 6 Capital management to include K-IFRS 1118 table content supporting IFRS 18 presentation requirements. |
5366801 | IFRS18 Legislative Update to s8 | Updated Note 8 Business combinations and acquisition of non-controlling interests to include K-IFRS 1118 table content. |
5366803 | IFRS18 Legislative Update to s9.2 | Updated Note 9.2 Partly-owned subsidiaries to include K-IFRS 1118 table content supporting IFRS 18 presentation requirements. |
5366809 | IFRS18 Legislative Update to s10 | Updated Note 10 Interest in a joint venture to include K-IFRS 1118 table content supporting IFRS 18 presentation requirements. |
5366814 | IFRS18 Legislative Update to s11 | Updated Note 11 Investment in an associate to include K-IFRS 1118 table content supporting IFRS 18 presentation requirements. |
5366816 | IFRS18 Legislative Update to s13 | Updated Note 13 Other income and expenses to include K-IFRS 1118 table content and duplicated note content where required to reflect note naming changes. |
5366817 | IFRS18 Legislative Update to s14 | Updated Note 14 Discontinued operation with revised K-IFRS 1118 wording and related table content. |
5366818 | IFRS18 Legislative Update to s16 | Added new Section 16 Management-defined performance measures (MPM) as part of the IFRS 18 legislative update. |
5366819 | IFRS18 Legislative Update to s19 | Updated Note 19 Investment properties to include K-IFRS 1118 table content supporting IFRS 18 presentation requirements. |
5366839 | IFRS18 Legislative Update to s20 | Updated Note 20 Intangible assets and goodwill to include K-IFRS 1118 table content supporting IFRS 18 presentation requirements. |
5439930 | IFRS18 Legislative Adjustment to s22.1 | Updated Note 22.1 Financial assets to include K-IFRS 1118 table content supporting IFRS 18 presentation requirements. |
5459448 | IFRS18 Legislative Adjustment to s22.2 table | Updated Note 22.2 Financial liabilities: interest-bearing loans and borrowings to include K-IFRS 1118 table content and related Note 13 references. |
5366840 | IFRS18 Legislative Update to s22.4 | Updated Note 22.4 Carrying amounts and fair values of financial assets and financial liabilities by adding K-IFRS 1118-specific disclosure wording. |
5366841 | IFRS18 Legislative Update to s22.5 | Updated Note 22.5 Financial risk management objectives and policies by adding K-IFRS 1118-specific disclosure content. |
5366842 | IFRS18 Legislative Update to s22.6 | Updated Note 22.6 Changes in liabilities arising from financing activities by adding K-IFRS 1118-specific content. |
5366845 | IFRS18 Legislative Update to s23 | Updated Note 23 Inventories to reflect IFRS 18/K-IFRS 1118 presentation and disclosure wording. |
5366848 | IFRS18 Legislative Update to s24 | Updated Note 24 to include K-IFRS 1118 table content supporting IFRS 18 presentation requirements. |
5366850 | IFRS18 Legislative Update to s25 | Updated Note 25 Cash and short-term deposits to include K-IFRS 1118 table content supporting IFRS 18 presentation requirements. |
5366856 | IFRS18 Legislative Update to s26 | Updated Note 26 Issued capital and reserves to include K-IFRS 1118 table content supporting IFRS 18 presentation requirements. |
5366859 | IFRS18 Legislative Update to s28 | Updated Note 28 Provisions to include K-IFRS 1118 table content supporting IFRS 18 presentation requirements. |
5366860 | IFRS18 Legislative Update to s29 | Updated Note 29 Government grants to include K-IFRS 1118 table content supporting IFRS 18 presentation requirements. |
5366862 | IFRS18 Legislative Update to s31 | Updated Note 31 Trade and other payables to include K-IFRS 1118 table content and duplicated note content where required due to note naming changes. |
5366863 | IFRS18 Legislative Update to s32 | Updated Note 32 Leases to include K-IFRS 1118 table content supporting IFRS 18 presentation requirements. |
5459461 | IFRS18 Legislative Adjustment to s32 (3) table | Updated Note 32 Leases, including the lease liabilities subsection, to include K-IFRS 1118 table content and related Note 13 references. |
5366864 | IFRS18 Legislative Update to s33 | Updated Note 33 Pensions and other post-employment benefit plans to include K-IFRS 1118 table content. |
5366865 | IFRS18 Legislative Update to s34 | Updated Note 34 Share-based payments to include K-IFRS 1118 table content supporting IFRS 18 presentation requirements. |
5366866 | IFRS18 Legislative Update to s36 | Updated Note 36 Related party disclosures to reflect IFRS 18/K-IFRS 1118 wording changes. |
5366867 | IFRS18 Legislative Update to s37 | Updated Note 37 Standards issued but not yet effective to reflect IFRS 18/K-IFRS 1118 application, including marking obsolete legislative disclosure sections as deprecated where applicable. |
5366869 | IFRS18 Legislative Update to Appendix 4 | Updated Appendix 4 Illustrative Examples of Material Accounting Policy Information to align the Note 2.3.2 example with IFRS 18/K-IFRS 1118 wording. |
5442743 | Publicly listed content to s2.3.24 | Updated Note 2.3.24 Share-based payments to include a reference to Note 17 EPS as publicly listed company disclosure content. |
5366879 | Publicly listed content to s2.3.26 (EPS) | Added Note 2.3.26 Earnings per share as publicly listed company disclosure content within the summary of accounting policies. |
5366880 | Publicly listed content to s2.5.3 (EPS) | Added Note 2.5.3 Impact on basic and diluted EPS as publicly listed company disclosure content within the correction of an error section. |
5366797 | Publicly listed content to s4.1 | Updated Note 4.1 Disaggregated revenue information to include publicly listed company disclosure content, including a reference to Note 5 Segment information. |
5434436 | Publicly listed content to s4.1 | Confirmed publicly listed company disclosure updates to Note 4.1 Disaggregated revenue information, including the reference to Note 5 Segment information. |
5366883 | Publicly listed content to s5 (Segment Info) | Added Note 5 Segment information as publicly listed company disclosure content. |
5366884 | Publicly listed content to s17 (EPS) | Added Note 17 Earnings per share (EPS) as publicly listed company disclosure content. |
5434489 | Publicly listed content to s37 | Updated Note 37 Standards issued but not yet effective to include publicly listed company disclosure content related to K-IFRS 1119 applicability and public accountability. |
5440302 | Publicly listed content to Profit or Loss Statement & PL + OCI | Added EPS-related publicly listed company disclosure content to the Statement of Profit or Loss and the Statement of Profit or Loss and Other Comprehensive Income. |
5366893 | Contextual update to s.1 | Removed note-referencing sentences within Note 1 Company Overview to improve consistency and presentation. |
5370207 | Contextual update to s.2.3.2 | Rephrased wording in Note 2.3.2 to align with the standard IFRS template and improve presentation consistency. |
5366894 | Contextual update to s.2.3.14 | Removed a referencing sentence under Note 2.3.14 Patents and licences to align with the standard IFRS template. |
5378383 | Contextual update - GoodXX Wording update | Updated illustrative entity names, including "Good", to standardised generic IFRS terminology across selected sections. |
5394543 | Contextual update to s37 | Updated Note 37 terminology to align with official K-IFRS naming conventions, including use of "한국채택국제회계기준" where appropriate. |
5476826 | Appendix 1 - general review to tailor table presentation | Completed a general review of Appendix 1 to tailor table presentation and improve consistency across the template. |
5366899 | Turning out to be optional content for the note Prepayment (previous s.22) | Retained the Prepayments section as optional disclosure content for user flexibility where prepayments are material or separate disclosure is required. |
5394576 | Category check as per IFRS 18 update | Reviewed and confirmed the required K-IFRS 1118 categories and related linkages to support IFRS 18 updates. |
Known Issues
Item ID | Details and Limitations |
|---|---|
1 | Upgraded OAP file to 6.29.9459 is available in this release pack. However, for users wishing to update to the 6.29 platform, please note that there is a known issue where even when elements are displayed as “Never”, the report will still display the element. |
Additional Information
- Item ID 1
- IFRS 18/K-IFRS 1118 application approach:IFRS 18/K-IFRS 1118-related updates have been introduced using a parallel content approach. The original K-IFRS 1001-based content has generally been retained, while separate K-IFRS 1118-related content has been added or duplicated where required. This allows users to continue with the K-IFRS 1001 reporting flow or apply the K-IFRS 1118 reporting flow where early adoption is intended.
- Item ID 2
- Reporting basis and user decision:Users should first confirm whether the entity is early adopting K-IFRS 1118 or continuing on a K-IFRS 1001 basis. This decision determines which trial balance, mapping, categories, report elements, tables, tabs, grids, Table of Contents items, and disclosure content should be used.
- Item ID 3
- Early adoption of K-IFRS 1118:Users early adopting K-IFRS 1118 should use the K-IFRS 1118-related trial balance and mapping files provided in this release pack, together with the related K-IFRS 1118 Categories, report elements, paragraphs, tables, tabs, grids, drilldowns, Table of Contents items, and disclosure content.
- Item ID 4
- Continuing with K-IFRS 1001:Users not early adopting K-IFRS 1118 should continue using the existing K-IFRS 1001 reporting flow. As this release provides the K-IFRS 1118-related trial balance and mapping set, users should obtain and use the original K-IFRS 1001 trial balance and mapping from the previous release pack.
- Item ID 5
- Content labels and codes:Content labelled "(K-IFRS 1001)" generally represents retained original content, while content labelled "(K-IFRS 1118)" generally represents IFRS 18/K-IFRS 1118-related content. Original K-IFRS 1001 IDs and codes have generally been retained unchanged. K-IFRS 1118-related duplicated or newly added content may include "2" at the end of the relevant ID, AP category code, or related code.
- Item ID 6
- Duplicated content and links:Some report elements, paragraphs, tables, tabs, grids, and categories have been duplicated rather than overwritten. This preserves the original K-IFRS 1001 content, IDs, links, and behaviour while allowing K-IFRS 1118-related content to be applied separately. Users should select the version that aligns with the entity's reporting basis.
- Item ID 7
- Tables, grids, categories, and mappings:K-IFRS 1118-related table, grid, and category content has been added or duplicated where required. Users early adopting K-IFRS 1118 should use the K-IFRS 1118-related table, tab, category, and mapping content. Users should ensure that table line items and mapped balances are linked to the categories that correspond to the selected reporting basis.
- Item ID 8
- Draft template display settings:In the draft template, K-IFRS 1001 and K-IFRS 1118-related content may both be available as conditional content. Users should configure display settings based on the entity's reporting basis and avoid displaying both versions of the same content unless this is specifically intended.
- Item ID 9
- Illustrative files and publicly listed disclosures:The illustrative publication and illustrative OAP included in this release pack have been prepared for illustrative purposes on a K-IFRS 1118 basis and may include publicly listed company disclosure content, such as Segment Information and Earnings Per Share-related disclosures. Users should assess whether this content is applicable and adjust the entity-specific report accordingly. For guidance on the related display settings, please refer to Item 10 below.
- Item ID 10
- Publicly listed company disclosure display settings:Selected publicly listed company disclosures, including Segment Information and earnings per share-related disclosures, are optional and controlled by the PublicListedRelatedDisclosuresDisplay variable. This variable has been added at the Annual Report variable level as the main control point.
The same variable has also been applied to the Display Condition for the related publicly listed disclosure sections and elements, so that the relevant content follows the setting selected at the Annual Report level.
In the draft template, this variable is set to false by default, and the relevant sections/folders remain conditional. Where these disclosures are applicable, users should set the variable to true and select the relevant sections/folders in the report tree, including the applicable "Include in contents", "Include in report map", and "Include in numbering" options, so that the content is displayed properly. Users should assess applicability based on the entity's reporting requirements. - Item ID 11
- Trial balance and mapping updates:The current trial balance has been updated to support the IFRS 18/K-IFRS 1118 changes, including value adjustments and dummy accounts where needed. The account description column identifies the relevant adjustments, and the relevant period values have been updated where applicable. Mapping files have also been updated for the affected primary statement and expense-by-function accounts to align with the trial balance changes. Users should refer to the relevant trial balance and mapping files in the release pack for details.
- Item ID 12
- Final consistency checks:Before finalising the report, users should confirm that the selected trial balance, mapping, categories, report elements, paragraphs, tables, tabs, grids, Table of Contents, drilldowns, analytical reports, and display settings are aligned to the same reporting basis. Users should refer to the Content Change List, Track Changes, comparison materials, and release pack documentation for detailed change information.
- Item ID 13
- Legacy content handling:Please refer to Item ID# 5449829 in the Features section above. Legacy content previously marked as "to be deleted" has been updated to use the standard "Deprecated" wording and is generally retained with a display setting of "Never". Users should no longer rely on the previous deletion timeline communicated in earlier release notes unless separately advised in a future release.
Previously communicated - for reference only
The information below was communicated in previous release notes and is retained for historical reference only. It does not represent new guidance for this release. Users should apply the current release guidance above where applicable.
- Item ID 14
- Status note:The information in this item was communicated in previous release notes and is retained for historical reference only. Any deletion timelines or internal review status described in this item have been superseded by the current legacy content handling approach described in Feature Item ID# 5449829 and Additional Information Item 13.[NOT IMPLEMENTED]Please refer to the preceding additional information.As mentioned elsewhere in the current release notes, this release includes updates not only from the 2024 legislative changes but also from general refinements and formatting adjustments to the model content for better alignment with IFRS practices and overall context. The details have been marked in the publication-related documents, such as the full content change list, illustrative model content, sprint summary, release notes, and so on.The following information has also been described in the previous version release notes, version 13.Please note that the changes outlined below are provided as examples only, and for a more in-depth understanding of the alterations in this release, please refer to the "Track Changes Illustrative Model document", "KR Corporate Template (Yellow - 12.2023) (P 6.28.9259 C 12.0 - Content Change List (Full Version))", and "KR Corporate Template (Yellow - 11.2022) (P 6.28.9259 C 10.0 - Illustrative Model FS)". Additionally, within our application, users will be prompted by the AP to "View Differences" when upgrading to a new template version, allowing a comprehensive review of all changes implemented. Furthermore, it is anticipated that another review for IFRS-alignment in the KR template may occur in the coming year. In the event of such a review, detailed information will be provided as outlined below.
- 2411598, parent: 2411594
- The Trial Balances, TB, of the Korea template has 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 provided for the next three years, until 2026. After the December YE2026, the OLD TB will be removed from the release pack.Two legacy folders have been added 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 is scheduled for deletion in December YE2026, three years from now. This gradual fading-out process of content during FY rollover will be 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, it is highly recommended for existing users to 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 are strongly advised to retain their current data before upgrading to this version to mitigate any risk of data loss.
- 2411598, parent: 2411594
- Significant updates resulting from IFRS-Alignment work:
- SECTION ORDER UPDATED:To align with the IFRS template's section order, certain sections have undergone updates and reordering. These modifications predominantly affect various Notes, including the exclusion of some sections, note: relocated under the folder labelled "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 beyond this point, changes in naming, and more.
- PARAGRAPHS:Alongside content changes, specific paragraphs have been either divided into more or combined into fewer paragraphs to adhere to the IFRS format.
- PROFIT OR LOSS STATEMENT:A substantial update has been made to the PL statement, encompassing numerical figures, lines order, composition of each section, etc. Notably, the order of this statement has been shifted before the Balance Sheet following the IFRS template.
- DIRECTORS' REPORT ADDED:In alignment with the IFRS template, the Directors' report has been incorporated into the Korea template.
- REVERTING BACK "XX" DUMMY VALUE PRESENTATION TO HARD-CODED:During the update to align with the IFRS template, certain illustrative XXX presentations associated with their own variables at the Properties tab of their elements, a feature implemented in the past but deemed irrelevant, have been removed and replaced with hard-coded texts, i.e., no variables provided anymore. Since this feature is no longer relevant, existing users who wish to deactivate this dummy value presentation from the variable input can follow the same method.
- 2411600, parent: 2411594
- 2.3.3, 유동성/ 비유동성분류:This section has been removed from the Notes to the Financial Statements this year and the remaining note numbers have been updated accordingly. This update has not been recorded in the CUD but just by our publication provider to corporate the current year content update.
- 2411600, parent: 2411594
- 2.5.3, 기본주당이익 및 희석주당이익에 미치는 영향:It has been confirmed from our publication providers that the information for Earnings Per Share, EPS, is not relevant to our client scope, hence the display or content update of the corresponding section is not required.
- 2411604, parent: 2411594
- 5, 영업부문정보:This section was only existing in KR template, but not in our IFRS template. Our publication provider has confirmed that this information is not necessary for our client scope. Consequently, the section has been relocated under the IFRS-Alignment legacy folder.
- 2411608, parent: 2411594
- 12.4, 금융수익:Numerous line items in the current table within Note 12.4 were removed to conform with IFRS standards. Consequently, a new table was generated, and the previous one has been relocated to the IFRS-Alignment legacy folder. It is important to highlight that tables under Note 12 underwent substantial changes in content during the update and restructuring to align with IFRS features.
- 2411608, parent: 2411594
- 12.5, 기타수익:A new table has been built as some lines in this new 12.5 table has been a part of the previous 12.4 table. The former table is now stored under the IFRS-Alignment legacy folder. Kindly consult the folder for reference to legacy information.
- 2411608, parent: 2411594
- 12.6, 연결손익계산서에 포함된 감가상각비:Certain accounts, e.g. 순외환차익, can now be linked with the categories, as the Trial Balance has been adjusted to align with IFRS standards.
- 2411608, parent: 2411594
- 12.9, 관리비:Most accounts in the table have been re-arranged and newly linked with their respective categories.
- 2411610, parent: 2411594
- 주당이익:Our publication providers have confirmed that the information for Earnings Per Share, EPS, is not relevant to our client scope. Consequently, the display or content update of the corresponding section is not required, and the section has been moved under the IFRS-Alignment legacy folder.
- 2411610, parent: 2411594
- 14, 법인세 → 이연법인세내역:The corresponding section table has been modified to align with IFRS features, necessitating the creation of a new table. The previous table has been relocated under the IFRS-Alignment legacy folder.
- 2411612, parent: 2411594
- 15, 유형자산 → 변동내역 table:A new column has been introduced during the alignment with the IFRS template, leading to adjustments in the TB. Additionally, corresponding categories have been newly added to ensure alignment.In other Non-Standard Tables where the Extra 1 and Extra 2 columns were previously incorporated, their categories for Extra 1 and Extra 2 have now been appended under the corresponding account. This adjustment aims to facilitate better reconciliation and alignment.
- 2411612, parent: 2411594
- 16, 투자부동산:For enhanced alignment with IFRS standards, the TB values of the tables under this section have been updated, particularly for the reconciliation of the "사무용부동산" and "상가용부동산" columns. Importantly, the total value of Investment Properties in the TB remains unchanged, ensuring no anticipated issues. Additionally, a reconciliation section has been incorporated into the corresponding table for clarity.
- 2411614, parent: 2411594
- 17, 무형자산:To facilitate IFRS alignment, new categories have been introduced to harmonise with the tables in this section, accompanied by corresponding TB adjustments. With these updates, reconciliation for both cost and accumulated values will be more seamless. It is crucial to emphasise that total values remain unaltered, ensuring no anticipated issues. Reconciliation sections have been added to the tables for enhanced clarity. The tables in the respective note have undergone a general restructuring to align with the IFRS template. Specifically, for the table of "순장부자산," it continues to serve as a category linking table, and an additional category column has been introduced.
- 2411616, parent: 2411594
- 19, 금융자산 및 금융부채:In conformity with IFRS features, certain TB values have been refined, e.g., 이자부차입금's 유동 and 비유동, to enhance reconciliation. Notably, "Long-term borrow", TB no. 22020100, has been omitted from the TB; however, the adjusted values compensate and maintain the total unchanged. This adjustment has a cascading effect, positively influencing reconciliation in tables under Note 30, Leases, and Note 19.1 and Note 19.2.
- 2411618, parent: 2411594
- 22, 선급금:This is a new section added as the IFRS alignment process. A category table has been built. Some TB adjustments have been done to reconcile the values in the table. The total value did not change, thus, no issue expected.
- 2411620, parent: 2411594
- 24, 자본금 및 잉여금:Significant updates have been implemented in the tables of this section, encompassing both format and features to align seamlessly with IFRS standards. Consequently, the previous versions have been relocated to the IFRS-Alignment legacy folder.
- 2411620, parent: 2411594
- 25, 배당금:In response to the IFRS template review, a new table format has been introduced. Subsequently, the previous version has been archived under the IFRS-Alignment legacy folder.
- 2411628, parent: 2411597
- 30, 리스:Additional categories have been incorporated to facilitate value reconciliation, resulting in corresponding TB adjustments. While the total values remain unchanged, there is a column labeled "리스부채" that is no longer in use. This column has been marked with "(no longer in use)," and it is slated for removal in FY2026, three years from now.
- 2411630, parent: 2411597
- 31, 퇴직급여:Significant updates have been made to the tables in this section, incorporating new formats and features to align with IFRS standards. Consequently, the previous versions have been relocated to the IFRS-Alignment legacy folder.
- 2411632, parent: 2411597
- 34, 특수관계자 공시:Some tables in this section have undergone reconstruction to adhere to the IFRS template, resulting in the creation of an entirely new section. The previous version has been archived under the IFRS-Alignment legacy folder.
- 2411636, parent: 2411597
- Appendices:In this release, the Appendices have been introduced to our template as part of the IFRS alignment work. The Appendices are categorised into two parts – one is "Appendix - K-IFRS Overlay (local based)", spanning Appendix 1 to Appendix 5, and "Appendix - IFRS based" covering Appendix 5 to Appendix 9. The "Appendix - K-IFRS Overlay (local based)" contains information specific to the local context, serving additional informational purposes. On the other hand, "Appendix - IFRS based" presents the translated version of the current IFRS illustrative model's appendix, encompassing all IFRS-aligned appendix content relevant to our client scope.
- Item ID 15
- Reference to the feature no., "2330237", please be noted that the sub-NLUC folders will be deleted in 2024's December Year-End release. Another sub-NLUC folder with FY22 will be added next year's feature release, during half-year.The following information has also been described in the previous versions' release notes, prior to version 12.
- Item ID 16
- Regarding Export to Excel of Annual Report that has been known issue to this template, it has been fixed in the past release. The cause of the issue was related to manual tables that were made with merged cell, the way of forming the tables has been adjusted by not using merged cell format, and now the function is working fine, which means no need to untick manual tables under the Annual Report to export it to excel.Also, the tables are still following the publication feature, and since the adjusted manual tables have been replaced with the existing ones, the specific IDs given to these table elements did not change, which means that users will not lose their existing data by this update.Please be noted that this feature has been made available since the version 8 release.
- Item ID 2248507
- To align the Korea template better with the IFRS template, some dummy value presentation has been updated with XX, as where as applicable. The affected areas have been estimated for around 17 Note sections.Please be noted that if those areas have been customised already from the user-end, this change will not flow to their template, i.e., there will not be any data overwritten by this feature update. Furthermore, when users wish to give updates on some illustrative values in their report, they can manually adjust the text by hard-coded text, instead of using the 'text variable feature' made in version 6 release, ID# 1875947. For more details of it will be mentioned separately again below, Additional Information Item ID no. 4.The user story has been created to record this update with some relevant screen captures, and its ID# is 2248507 for its further reference to it. Please also be kindly noted they have been provided as example purpose, and there possibly could be more areas not listed there and below. Users can use it as reference points to keep their existing data before upgrading to this release version, so that any data loss can be prevented just in case. In our system, there is also the option to preview the updates by "View Difference" pop-up button before implementing the actual "Upgrade".Most of the affected areas can also be viewed in our track change report or content change list, full, report which is included in this release pack as well.The followings list out the note sections and the approximate number of elements affected from this adjustment, e.g., in one paragraph, there could be more than more word/ element has been changed.
- Note 1: 회사의 개요, Accounting, 1 para – 1 word affected.
- Note 2.3.5: 설비의 판매, 1 para – 2 words affected.
- Note 2.3.16 (1): 금융자산의 손상, 4 para – 5 words affected.
- Note 2.3.19: 비금융자산의 손상 → 영업권, 1 para – 1 word affected, and 무형자산, 1 para – 1 word affected.
- Note 2.5: 오류수정, 1 para – 5 words affected.
- Note 3.1: 매각예정자산, 2 paras – 6 words affected, and 의결권의 과반수 미만을 보유하고 있는 기업의 연결, 1 para – 4 words affected.
- Note 9: (1) 2022년도 취득, 1 para – 2 words affected.
- Note 11: 공동기업 지분, 2 tables – 7 lines affected and 1 para – 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 para – 1 element.
- Note 16.4: 공정가치, whole manual table under 유의적이고 관측할 수 없는 투입변수에 대한 설명.
- Note 23: 이익잉여금, 1 para – 5 words.
- Note 25: 충당부채, 3 paras – 9 words.
- Note 28: 퇴직급여, 6 tables – headers in grids. Updated with XX in the table grid for the consistency with this update. However, its table column headers are not linked with the grid headers due to the formatting limitation of the system. Therefore, users can change its value presentation of the column headers inside of the table manually. Hence, please go into the corresponding tables and its table column headers if you wish to change any subjective numbers to it.
- Note 33: 중단영업, 1 para – 1 word.
- Note 38: 보고기간후 사건, 1 para – 3 words.
- Item ID 17
- For users' further references, please be noted that when you wish to change the naming of columns in grids, it can be done via Column → Rename feature. However, please do not change their existing IDs, otherwise, you will lose your current data and linking to it.
- Item ID 18
- As briefly mentioned above, if you wish to enter your illustrative values to your templates, you can now do it via manual typing, instead of using the "text variable feature" which is adjusting the illustrative figures by variables at its folder level. This feature was made in the earlier version 6 release. The ID# 1875947 for your reference to it, and the details of this update has been described under Feature section of the version 6 release note.This feature will be faded out in a few years for the consistency with the other templates and for better feasibility as well. Once it has been decided to be removed from the draft template, it will be informed in a release note in advance before the change, so that users can have some time to be aware of it and retain their existing data just in case.
- Item ID 19
- For the "legislative reference rows" that appear in some of the content in the template, users can turn this function off from [FY] Report | Setting → Table → Condition → tick of the last row, 회계기준코드 열, i.e., accounting legislation code row, if they do not wish this to be appearing. This function was added in the past release but just informing here once again for users' further references.
Impact on existing clients
This release does not automatically determine whether an entity should report on a K-IFRS 1118 or K-IFRS 1001 basis. Existing clients should confirm the entity's reporting basis before finalising the report, as this affects the trial balance, mapping, categories, tables, report elements, disclosures, and display settings.
Users early adopting K-IFRS 1118 should use the K-IFRS 1118 trial balance and mapping included in this release pack. Users continuing on a K-IFRS 1001 basis should obtain and use the original K-IFRS 1001 trial balance and mapping from the previous release pack.
After upgrade, users should review the existing client file to ensure that only content applicable to the entity's reporting basis is displayed. This includes reviewing duplicated K-IFRS 1001/K-IFRS 1118 content, conditional display settings, Table of Contents items, tables, tabs, grids, categories, and publicly listed company disclosure content where applicable. Users should also refer to Additional Information Item 10 for the related publicly listed company disclosure display settings.
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