The beginning of the earliest period for which an entity presents full comparative information under IFRS Standards in its first IFRS financial statements

An amount used as a surrogate for cost or depreciated cost at a given date. Subsequent depreciation or amortisation assumes that the entity had initially recognised the asset or liability at the given date and that its cost was equal to the deemed cost

To remove a financial asset or liability, or a portion of a financial asset or liability, from an entity’s balance sheet

The end of the latest period covered by financial statements or by an interim financial report

The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date

The first annual financial statements in which an entity adopts IFRS Standards, by an explicit and unreserved statement of compliance with IFRS Standards

The latest reporting period covered by an entity’s first IFRS financial statements

An entity that presents its first IFRS financial statements

The date when either or both of these characteristics no longer exist and hence the currency is no longer subject to severe hyperinflation, or when the entity's functional currency changes to a currency that is not subject to severe hyperinflation

An entity’s statement of financial position at the date of transition to IFRS Standards

The basis of accounting that a first-time adopter used immediately before adopting IFRS Standards