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FRS 25: Financial instruments: Disclosure and presentation

Find links to the accounting standard, technical summaries, useful guides and other resources on FRS 25 collated by ICAEW Library & Information Service.

The accounting standard FRS 25 laid out the presentation requirements for dealing with the classification of capital instruments and the disclosure requirements for financial instruments that entities hold or have issued. It was was issued by the Accounting Standards Board in December 2004 and subsequently amended in August 2008, December 2008 and January 2010. FRS 25 had the effect of implementing IAS 32: Financial Instruments: Disclosure and Presentation and partially implementing IAS 39: Financial instruments: Recognition and measurement in the UK.

This standard and all other old UK GAAP FRSs have been withdrawn for reporting periods starting on or after 1 January 2015. Topics relating to financial instruments are covered by Section 11, Section 12 and Section 25 of FRS 102 under new UK GAAP.

How can I get a copy of this standard?

Consolidated standard

There is no free consolidated version of FRS 25 available online.

However, we can provide copies of the consolidated standard, which includes amendments, through the Library's premium databases by email. Contact us by phone on +44 (0)20 7920 8620 or by email at library@icaew.com for more information.

Unconsolidated standard and amendments as first issued 

There is no free unconsolidated version of the standard available online. However, a summary is available on the FRC website, and we can provide print and electronic copies of the original standard or a consolidated version with amendments, subject to licenses.

The following amendments, as first issued, are freely available online:

Amendment to FRS 25 (IAS 32): Financial Instruments: Presentation – Classification of Rights Issues
Amendment issued by the ASB in January 2010.

Improvements to Financial Reporting Standards
Amendment issued by the ASB in December 2008.

Amendment to FRS25 (IAS 32): Financial Instruments: Presentation – Puttable Financial Instruments and Obligations Arising on Liquidation
Amendment announced in a press release on 14 August 2008. A print copy of this amendment is held in the Library collection.

ICAEW guidance and support

Corporate Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.

FRC news

ASB issues Amendment to FRS 25 – Classification of Rights Issues
Press notice issued by the ASB on 25 January 2010.

ASB issues Amendment to FRS 25 Financial Instruments: Presentation
Press notice issued by the ASB on 14 August 2008.

ASB Issues Convergence Standards
Press notice issued by the Financial Reporting Council on 2 December 2004.

Online articles

The Library provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use. 

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

Articles and books in the Library collection

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