Access the standard
- 2023 Issued Standard – IFRS 2
The 2023 Issued Standards include all amendments issued up to and including 1 January 2023.
Registration is required to access the free version of the Issued Standards, which do not include additional documents that accompany the full standard (such as illustrative examples, implementation guidance and basis for conclusions).
Summary and timeline
Looking for the synopsis? Our IFRS 2 summary and timeline features information on current proposals and a timeline of IASB updates.
Recent amendments
All amendments issued up to and including the publication date of 1 January 2023 are included within the IFRS Foundation’s latest version of the issued standard: 2023 Issued Standard – IFRS 2. Issued amendments may, therefore, have a mandatory effective date that is later than 1 January 2023 – see below for details.
Any amendments issued after 1 January 2023 will not be included in the IFRS Foundation’s 2023 Issued Standards but will be listed below and identified as such.
See the Financial Reporting Faculty’s annual IFRS factsheets for a more detailed discussion of recent IFRS amendments.
-
Amendments to References to the Conceptual Framework in IFRS Standards – amendment to IFRS 2
Mandatory date: Annual periods beginning on or after 1 January 2020. Earlier application is permitted if an entity also applies the amendments to other standards at the same time.
Footnotes within IFRS 2 are updated to the definitions of equity and liabilities within the 2018 Conceptual Framework.
-
Definition of Material amendments to IFRS 2
Mandatory date: Annual periods beginning on or after 1 January 2020. Earlier application is permitted.
An example in the IFRS 2 implementation guidance is amended to reflect the new definition of material included within IAS 1.
Related IFRIC interpretations
IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments
Addresses the accounting by an entity which issues equity instruments in order to settle, in full or part, a financial liability.
UK reduced disclosures – FRS 101
UK qualifying parents and subsidiaries can take advantage of FRS 101 Reduced Disclosure Framework. Our FRS 101 page gives more information on which entities qualify and the criteria to be met.
-
Amendments to the standard for FRS 101 preparers
There are no amendments to IFRS 2 in order to achieve compliance with the Companies Act and related Regulations.
-
Disclosure exemptions for FRS 101 preparers
FRS 101 paragraph 8(a) states that a qualifying entity is exempt from most of the disclosure requirements of IFRS 2. The remaining disclosure requirements require a description of the schemes and details about options exercised in the year and options outstanding at the year-end.
This exemption applies:
- For a subsidiary company to arrangements involving the equity instruments of another group entity;
- For an ultimate parent to arrangements involving its own equity instruments provided that its separate financial statements are provided alongside the group consolidated financial statements.
Equivalent disclosures must be made in the consolidated financial statements of the group in which the entity is consolidated.
IFRS 2 paragraphs for which exemption is available: 45(b) and 46-52.
The ICAEW Library & Information Service provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.
Other resources
Further support
Financial Reporting Faculty
Factsheets
In-depth analysis on a range of accounting issues.
Access factsheets
Technical Advisory Services
Our experienced advisors can help you with technical questions.
Get in touch
Library and Information Service
Expert help with research and access to trustworthy, professional sources.