Ias 38 – 2021 Issued ifrs standards (Part A)

Exchanges of similar assets
The requirement in paragraphs 129 and 130(b) to apply this Standard
prospectively means that if an exchange of assets was measured before the
effective date of this Standard on the basis of the carrying amount of the asset
given up, the entity does not restate the carrying amount of the asset acquired
to reflect its fair value at the acquisition date.
Early application
Entities to which paragraph 130 applies are encouraged to apply the
requirements of this Standard before the effective dates specified in
paragraph 130. However, if an entity applies this Standard before those
effective dates, it also shall apply IFRS 3 and IAS 36 (as revised in 2004) at the
same time.
130H
130I
130J
130K
130L
130M
131
132
IAS 38
© IFRS Foundation
A1519

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Withdrawal of IAS 38 (issued 1998)
This Standard supersedes IAS 38 Intangible Assets (issued in 1998).
133
IAS 38
A1520
© IFRS Foundation

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Approval by the Board of IAS 38 issued in March 2004
International Accounting Standard 38 Intangible Assets (as revised in 2004) was approved
for issue by thirteen of the fourteen members of the International Accounting Standards
Board. Professor Whittington dissented. His dissenting opinion is set out after the Basis
for Conclusions.
Sir David Tweedie
Chairman
Thomas E Jones
Vice-Chairman
Mary E Barth
Hans-Georg Bruns
Anthony T Cope
Robert P Garnett
Gilbert Gélard
James J Leisenring
Warren J McGregor
Patricia L O’Malley
Harry K Schmid
John T Smith
Geoffrey Whittington
Tatsumi Yamada
IAS 38
© IFRS Foundation
A1521

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