chapter 3 ifrs at a global level 3.1 disclosure of ifrs...

180

CHAPTER – 3

IFRS AT A GLOBAL LEVEL

3.1 Disclosure of IFRS Components by Country

3.2 Disclosure of IFRS Components by Country And Company

3.3 Disclosure of IFRS Components by Country and Industry

3.4 Disclosure of IFRS Components by Industry

3.5 Disclosure of IFRS Components by IFRS Components Type

3.6 Disclosure of IFRS Components by IFRS Components Type and

Country

3.7 Disclosure of IFRS Components by Country and IFRS Components

Type

3.8 Disclosure of IFRS Components by Industry and IFRS Components

Type

3.9 Disclosure of IFRS Components by IFRS Components Type and

Industry

3.1 Disclosure of IFRS Components by country, Industry and IFRS

Components Type

3.11 Disclosure of IFRS Components by Industry, Country and IFRS

Components Type

181

3. IFRS AT A GLOBAL LEVEL

3.1 Disclosure of IFRS Components by Country

Described in which year IFRS components have been disclosed most by country

Table 15 - Disclosure of IFRS Components by Country

COUNTR

Y

NO. OF

COMPANIES

TOTAL IFRS

COMPONENTS YR2013 YR2012 YR2011

Bahrain 6 90 59 65.56% 60 66.67% 58 64.44%

India 2 30 15 50.00% 15 50.00% 15 50.00%

Japan 3 45 24 53.33% 18 40.00% 18 40.00%

Kuwait 6 90 53 58.89% 54 60.00% 55 61.11%

Oman 6 90 37 41.11% 39 43.33% 38 42.22%

Pakistan 3 45 29 64.44% 26 57.78% 23 51.11%

Qatar 6 90 44 48.89% 44 48.89% 32 35.56%

Saudi

Arabia 6 90 23 25.56% 20 22.22% 20 22.22%

South

Korea 6 90 39 43.33% 39 43.33% 39 43.33%

UAE 6 90 57 63.33% 57 63.33% 60 66.67%

TOTAL 50 750 380 372 348

59

15

24

53

37

29

44

23

39

5760

1518

54

39

26

44

20

39

5758

1518

55

38

23

32

20

39

6090

30

45

90 90

45

90 90 90 90

0

10

20

30

40

50

60

70

80

90

100

0

10

20

30

40

50

60

70

BAHRAIN INDIA JAPAN KUWAIT OMAN PAKISTAN QATARSAUDI ARABIASOUTH KOREA UAE

IFRS COMPONENTS VS COUNTRY

YR2013 YR2012 YR2011 TOTAL IFRS COMPONENTS

182

INTERPRETATION

From the above table it can be concluded that in latest year 2013 highest IFRS

components have been disclosed from companies taken under study. It can be also

observed that, Companies from Bahrain, UAE disclosed highest IFRS components.

Least IFRS components disclosed from Saudi Arabia and Oman companies. On an

average 65% of the IFRS components have been disclosed by companies from Bahrain

throughout latest three years. Saudi Arabian companies disclosing 23% of the IFRS

components throughout latest three years.

183

3.2 Disclosure of IFRS Components by Country And Company

Helps us to see disclosure of IFRS components by company and by year

Table 16 - Disclosure of IFRS Components by Country And Company

COUNTRY COMPANY YR2013 YR2012 YR2011

Bahrain Ahli United Bank BSC 9 (60%) 9 (60%) 9 (60%)

Bahrain Aluminium Bahrain B.S.C 8 (53.33%) 8 (53.33%) 8 (53.33%)

Bahrain Arab Banking Corporation 10 (66.67%) 11 (73.33%) 10 (66.67%)

Bahrain Bahrain & Kuwait Insurance

Company 11 (73.33%) 11 (73.33%) 10 (66.67%)

Bahrain Bahrain Duty Free Shop Complex

BSC 10 (66.67%) 10 (66.67%) 10 (66.67%)

Bahrain Bahrain Telecommunications Co. 11 (73.33%) 11 (73.33%) 11 (73.33%)

Bahrain Total 59 60 58

India Infosys Ltd 5 (33.33%) 5 (33.33%) 5 (33.33%)

India Tata Consultancy Services 10 (66.67%) 10 (66.67%) 10 (66.67%)

India Total 15 15 15

Japan Japan Tobacco Inc. 10 (66.67%) 10 (66.67%) 10 (66.67%)

Japan Softbank Corporation 6 (40%) - -

Japan Sumitomo Mitsui Financial Group,

Inc. 8 (53.33%) 8 (53.33%) 8 (53.33%)

Japan Total 24 18 18

Kuwait Gulf Bank 4 (26.67%) 5 (33.33%) 5 (33.33%)

Kuwait Gulf Insurance Company K.S.C. 10 (66.67%) 10 (66.67%) 10 (66.67%)

Kuwait Kuwait Finance House 11 (73.33%) 11 (73.33%) 11 (73.33%)

Kuwait Kuwait Food Company 9 (60%) 9 (60%) 10 (66.67%)

Kuwait Mobile Telecommunications

Company K.S.C 10 (66.67%) 10 (66.67%) 10 (66.67%)

Kuwait National Bank of Kuwait 9 (60%) 9 (60%) 9 (60%)

Kuwait Total 53 54 55

Oman Al Madina Insurance Company

SAOG 4 (26.67%) 7 (46.67%) 7 (46.67%)

Oman Bank Dhofar SAOG 5 (33.33%) 4 (26.67%) 4 (26.67%)

Oman Bank Muscat SAOG 7 (46.67%) 8 (53.33%) 7 (46.67%)

Oman Oman Cables Industry SAOG 9 (60%) 8 (53.33%) 8 (53.33%)

Oman Oman Telecommunications

Company S.A.O.G. 4 (26.67%) 4 (26.67%) 4 (26.67%)

Oman Omani Qatari Telecommunications

Company SAOG 8 (53.33%) 8 (53.33%) 8 (53.33%)

Oman Total 37 39 38

Pakistan Attock Petroleum Limited 9 (60%) 9 (60%) 9 (60%)

Pakistan Oil & Gas Development

Corporation 10 (66.67%) 7 (46.67%) 4 (26.67%)

Pakistan Pakistan Petroleum Ltd. 10 (66.67%) 10 (66.67%) 10 (66.67%)

Pakistan Total 29 26 23

184

COUNTRY COMPANY YR2013 YR2012 YR2011

Qatar Industries Qatar Q.S.C. 9 (60%) 9 (60%) -

Qatar Masraf Al Rayan Q.S.C - - -

Qatar Ooredoo Q.S.C 10 (66.67%) 10 (66.67%) 10 (66.67%)

Qatar Qatar Fuel Company Q.S.C. 8 (53.33%) 8 (53.33%) 6 (40%)

Qatar Qatar Insurance Company SAQ 8 (53.33%) 8 (53.33%) 7 (46.67%)

Qatar Qatar National Bank S.A.Q. 9 (60%) 9 (60%) 9 (60%)

Qatar Total 44 44 32

Saudi Arabia Al Rajhi Bank 7 (46.67%) 4 (26.67%) 4 (26.67%)

Saudi Arabia Bank AlBilad 8 (53.33%) 8 (53.33%) 8 (53.33%)

Saudi Arabia BUPA Arabia for Cooperative

Insurance Company - - -

Saudi Arabia SABB Takaful Company 4 (26.67%) 4 (26.67%) 4 (26.67%)

Saudi Arabia Saudi Basic Industries Corporation 2 (13.33%) 2 (13.33%) 2 (13.33%)

Saudi Arabia Saudi Telecom Company 2 (13.33%) 2 (13.33%) 2 (13.33%)

Saudi Arabia Total 23 20 20

South Korea Hanwha Life Insurance Co, Ltd 3 (20%) 3 (20%) 3 (20%)

South Korea Hyundai Motor Company, Ltd. 7 (46.67%) 7 (46.67%) 7 (46.67%)

South Korea Industrial Bank of Korea 7 (46.67%) 7 (46.67%) 7 (46.67%)

South Korea Samsung Electronics Co., Ltd 6 (40%) 6 (40%) 6 (40%)

South Korea Samsung Life Insurance Co., Ltd. 8 (53.33%) 8 (53.33%) 8 (53.33%)

South Korea Shinhan Financial Group Co., Ltd. 8 (53.33%) 8 (53.33%) 8 (53.33%)

South Korea Total 39 39 39

UAE Abu Dhabi National Insurance

Company PSC 6 (40%) 7 (46.67%) 9 (60%)

UAE Aldar Properties PJSC 11 (73.33%) 11 (73.33%) 11 (73.33%)

UAE EMAAR Properties pjsc 10 (66.67%) 10 (66.67%) 10 (66.67%)

UAE Emirates Insurance Company PSC 12 (80%) 10 (66.67%) 11 (73.33%)

UAE First Gulf Bank PJSC 8 (53.33%) 9 (60%) 9 (60%)

UAE National Bank of Abu Dhabi 10 (66.67%) 10 (66.67%) 10 (66.67%)

UAE Total 57 57 60

TOTAL 380 372 358

185

INTERPRETATION

Above table help us to see IFRS components disclosure by company within country.

Based on above table it can be observed that Emirates Insurance Company PSC (UAE)

stood no one followed by Bahrain & Kuwait Insurance Company (Bahrain), Bahrain

Telecommunications Co. (Bahrain), Kuwait Finance House (Kuwait) and Aldar

Properties PJSC (UAE). Companies from Bahrain Kuwait and UAE disclosing highest

IFRS components compare to other countries taken under study. Companies from Saudi

Arabia, Oman and South Korea disclosing less IFRS components throughout 3 years of

the study

186

9

8

10

11

10

11

5

10

10

6

8

4

10

11

9

10

9

4

5

7

9

4

8

9

10

10

9

10

8

8

9

7

8

4

2

2

3

7

7

6

8

8

6

11

10

12

8

10

9

8

11

11

10

11

5

10

10

8

5

10

11

9

10

9

7

4

8

8

4

8

9

7

10

9

10

8

8

9

4

8

4

2

2

3

7

7

6

8

8

7

11

10

10

9

10

9

8

10

10

10

11

5

10

10

8

5

10

11

10

10

9

7

4

7

8

4

8

9

4

10

10

6

7

9

4

8

4

2

2

3

7

7

6

8

8

9

11

10

11

9

10

0 5 10 15 20 25 30 35

Ahli United Bank BSC

Aluminium Bahrain B.S.C

Arab Banking Corporation

Bahrain & Kuwait Insurance Company

Bahrain Duty Free Shop Complex BSC

Bahrain Telecommunications Co.

Infosys Ltd

Tata Consultancy Services

Japan Tobacco Inc.

Softbank Corporation

Sumitomo Mitsui Financial Group, Inc.

Gulf Bank

Gulf Insurance Company K.S.C.

Kuwait Finance House

Kuwait Food Company

Mobile Telecommunications Company K.S.C

National Bank of Kuwait

Al Madina Insurance Company SAOG

Bank Dhofar SAOG

Bank Muscat SAOG

Oman Cables Industry SAOG

Oman Telecommunications Company S.A.O.G.

Omani Qatari Telecommunications Company SAOG

Attock Petroleum Limited

Oil & Gas Development Corporation

Pakistan Petroleum Ltd.

Industries Qatar Q.S.C.

Masraf Al Rayan Q.S.C

Ooredoo Q.S.C

Qatar Fuel Company Q.S.C.

Qatar Insurance Company SAQ

Qatar National Bank S.A.Q.

Al Rajhi Bank

Bank AlBilad

BUPA Arabia for Cooperative Insurance Company

SABB Takaful Company

Saudi Basic Industries Corporation

Saudi Telecom Company

Hanwha Life Insurance Co, Ltd

Hyundai Motor Company, Ltd.

Industrial Bank of Korea

Samsung Electronics Co., Ltd

Samsung Life Insurance Co., Ltd.

Shinhan Financial Group Co., Ltd.

Abu Dhabi National Insurance Company PSC

Aldar Properties PJSC

EMAAR Properties pjsc

Emirates Insurance Company PSC

First Gulf Bank PJSC

National Bank of Abu Dhabi

COMPANY VS IFRS COMPONENT

YR2013 YR2012 YR2011

187

3.3 Disclosure of IFRS Components by Country and Industry

Provides summary of disclosure of IFRS components by year by country within industry

Table 17 - Disclosure of IFRS Components by Country And Industry

COUNTRY INDUSTRY YR2013 YR2012 YR2011

Bahrain Financial 19 20 19

Bahrain Insurance 11 11 10

Bahrain Non-Financial 29 29 29

Bahrain Total 59 60 58

India Non-Financial 15 15 15

India Total 15 15 15

Japan Financial 8 8 8

Japan Non-Financial 16 10 10

Japan Total 24 18 18

Kuwait Financial 24 25 25

Kuwait Insurance 10 10 10

Kuwait Non-Financial 19 19 20

Kuwait Total 53 54 55

Oman Financial 12 12 11

Oman Insurance 4 7 7

Oman Non-Financial 21 20 20

Oman Total 37 39 38

Pakistan Non-Financial 29 26 23

Pakistan Total 29 26 23

Qatar Financial 9 9 9

Qatar Insurance 8 8 7

Qatar Non-Financial 27 27 16

Qatar Total 44 44 32

Saudi Arabia Financial 15 12 12

Saudi Arabia Insurance 4 4 4

Saudi Arabia Non-Financial 4 4 4

Saudi Arabia Total 23 20 20

South Korea Financial 7 7 7

South Korea Insurance 19 19 19

South Korea Non-Financial 13 13 13

South Korea Total 39 39 39

UAE Financial 18 19 19

UAE Insurance 18 17 20

UAE Non-Financial 21 21 21

UAE Total 57 57 60

TOTAL 380 372 358

188

INTERPRETATION

Based on above table it can be seen that companies from Non-financial sector disclosing

IFRS components most compare to Financial and Insurance companies, it also can be

observed that, Non-Financial companies from Bahrain and Pakistan stood no one

followed by Non-Financial companies from Qatar and UAE. Kuwait based financial

companies disclosing highest IFRS components in companies from Financial sector

19 2

0

19

11

11

10

29

29

29

15

15

15

8 8 8

16

10

10

24 2

5

25

10

10

10

19

19 2

0

12

12

11

4

7 7

21

20

20

29

26

23

9 9 9

8 8

7

27

27

16

15

12

12

4 4 44 4 4

7 7 7

19

19

19

13

13

13

18 1

9

19

18

17

202

1

21

21

YR2013 YR2012 YR2011

COUNTRY/ INDUSTRY VS IFRS

Bahrain-Financial Bahrain-Insurance Bahrain-Non-Financial

India-Non-Financial Japan-Financial Japan-Non-Financial

Kuwait-Financial Kuwait-Insurance Kuwait-Non-Financial

Oman-Financial Oman-Insurance Oman-Non-Financial

Pakistan-Non-Financial Qatar-Financial Qatar-Insurance

Qatar-Non-Financial Saudi Arabia-Financial Saudi Arabia-Insurance

Saudi Arabia-Non-Financial South Korea-Financial South Korea-Insurance

South Korea-Non-Financial UAE-Financial UAE-Insurance

UAE-Non-Financial

189

taken under study followed by Financial companies from Bahrain and UAE. South

Korea based Insurance companies disclosing IFRS components most whereas Oman

based Insurance companies’ least disclosing IFRS components

190

3.4 Disclosure of IFRS Components by Industry

Helps us to analyze disclosure of IFRS components by Industry

Table 18 - Disclosure of IFRS Components by Industry

INDUSTRY NO. OF

COMPANIES

TOTAL IFRS

COMPONENTS YR2013 YR2012 YR2011

Financial 14 210 112 (53.33%) 112 (53.33%)

110

(52.38%

)

Insurance 11 165 74 (44.85%) 76 (46.06%)

77

(46.67%

)

Non-Financial 25 375 194 (51.73%) 184 (49.07%) 171

(45.6%)

TOTAL 50 750 380 372 358

210

112

112

110

165

74

76

77

375

194

184

171

INDUSTRY VS IFRS

TOTAL IFRS COMPONENTS YR2013 YR2012 YR2011

191

INTERPRETATION

From the above table it can be seen sudden hike in disclosure of IFRS components from

the year 2011 to 2012 in Non-Financial companies. Based on above table it can be

observed that, No hike or drop can be seen in disclosure of IFRS of Companies from

Financial and Insurance sector. Out of 15 IFRS components financial companies

disclosing 8 around IFRS components while Insurance companies and Non-Financial

companies disclosing IFRS components average 6.73 and 7.76 components out of 15.

52% around IFRS components have been disclosed by financial companies throughout

latest 3 years. 45% around IFRS components have been disclosed by Insurance

companies throughout latest 3 years. 48% around IFRS components have been

disclosed by Insurance companies throughout latest 3 years

192

3.5 Disclosure of IFRS Components by IFRS Components Type

Described which IFRS components disclosed most by year

Table 19 - Disclosure of IFRS Components by IFRS Components Type

IFRS NO. OF

COMPANIES YR2013 YR2012 YR2011

IFRS1 50 10 20.00% 12 24.00% 7 14.00%

IFRS2 50 16 32.00% 14 28.00% 14 28.00%

IFRS3 50 13 26.00% 12 24.00% 16 32.00%

IFRS4 50 13 26.00% 13 26.00% 13 26.00%

IFRS5A 50 47 94.00% 46 92.00% 45 90.00%

IFRS5B 50 5 10.00% 5 10.00% 5 10.00%

IFRS6 50 - - - - - -

IFRS7 50 42 84.00% 41 82.00% 40 80.00%

IFRS8C 50 45 90.00% 44 88.00% 43 86.00%

IFRS9 50 36 72.00% 35 70.00% 34 68.00%

IFRS10 50 38 76.00% 38 76.00% 36 72.00%

IFRS11 50 37 74.00% 37 74.00% 33 66.00%

IFRS12 50 36 72.00% 36 72.00% 34 68.00%

IFRS13 50 42 84.00% 39 78.00% 38 76.00%

IFRS14 50 - - - - - -

TOTAL 380 372 358

193

INTERPRETATION

It can be observed from the above table that IFRS5A (“Did the entity have any non-

current assets or disposal groups held for sale? - NCA or Held for sale”) components

disclosed most in all three years taken under study followed by IFRS8C (“Segment

Information”), IFRS7 (“Financial Instruments”) and IFRS13 (“Disclosure of Interests

in Other Entities”). Observations based on above table, IFRS5B (“Discontinued

Operation”), IFRS1 (“Is the entity a first-time adopter in terms of IFRS 1 in the current

period?”), IFRS4 (“Insurance Contract”) and IFRS3 (“Has the entity entered into a

business combination during the current or prior reporting period?”) less disclosed by

companies taken under study. 92% IFRS5A have been disclosed by companies

throughout latest 3 years followed by IFRS8C with 88% disclosure. No sudden hike or

drop can be seen in any IFRS components throughout 3 years of the study

10

16

13 13

47

5

0

42

45

3638 37 36

42

0

1214

12 13

46

5

0

41

44

35

38 37 36

39

0

7

1416

13

45

5

0

40

43

3436

33 34

38

0

0

10

20

30

40

50

60

IFRS1 IFRS2 IFRS3 IFRS4 IFRS5A IFRS5B IFRS6 IFRS7 IFRS8C IFRS9 IFRS10 IFRS11 IFRS12 IFRS13 IFRS14

IFRS BY YEAR

YR2013 YR2012 YR2011 NO. OF COMPANIES

194

3.6 Disclosure of IFRS Components by IFRS Components Type and Country

Described which IFRS components disclosed most by year and by country

Table 20 - Disclosure of IFRS Components by IFRS Components Type and Country

IFRS COUNTRY NO. OF


IFRS 1 Bahrain 6 1 (17.00%) 2 (33.00%) -

IFRS 1 India 2 1 (50.00%) 1 (50.00%) 1 (50.00%)

IFRS 1 Japan 3 1 (33.00%) 1 (33.00%) 1 (33.00%)

IFRS 1 Kuwait 6 - - -

IFRS 1 Oman 6 - 1 (17.00%) -

IFRS 1 Pakistan 3 2 (67.00%) 1 (33.00%) 1 (33.00%)

IFRS 1 Qatar 6 1 (17.00%) 1 (17.00%) -

IFRS 1 Saudi Arabia 6 1 (17.00%) 1 (17.00%) 1 (17.00%)

IFRS 1 South Korea 6 - - -

IFRS 1 UAE 6 3 (50.00%) 4 (67.00%) 3 (50.00%)

IFRS 1 TOTAL 50 10 12 7

IFRS 2 Bahrain 6 - - -

IFRS 2 India 2 - - -

IFRS 2 Japan 3 2 (67.00%) 2 (67.00%) 2 (67.00%)

IFRS 2 Kuwait 6 5 (83.00%) 5 (83.00%) 5 (83.00%)

IFRS 2 Oman 6 1 (17.00%) - -

IFRS 2 Pakistan 3 2 (67.00%) 2 (67.00%) 2 (67.00%)

IFRS 2 Qatar 6 1 (17.00%) 1 (17.00%) 1 (17.00%)

IFRS 2 Saudi Arabia 6 - - -

IFRS 2 South Korea 6 1 (17.00%) 1 (17.00%) 1 (17.00%)

IFRS 2 UAE 6 4 (67.00%) 3 (50.00%) 3 (50.00%)

IFRS 2 TOTAL 50 16 14 14

IFRS 3 Bahrain 6 5 (83.00%) 5 (83.00%) 5 (83.00%)

IFRS 3 India 2 1 (50.00%) 1 (50.00%) 1 (50.00%)

IFRS 3 Japan 3 - - -

IFRS 3 Kuwait 6 2 (33.00%) 2 (33.00%) 4 (67.00%)

IFRS 3 Oman 6 1 (17.00%) 1 (17.00%) 1 (17.00%)

IFRS 3 Pakistan 3 1 (33.00%) 1 (33.00%) 1 (33.00%)

IFRS 3 Qatar 6 1 (17.00%) 1 (17.00%) 1 (17.00%)



IFRS 3 UAE 6 2 (33.00%) 1 (17.00%) 3 (50.00%)

IFRS 3 TOTAL 50 13 12 16

195

IFRS 4 Bahrain 6 6

(100.00%)

6

(100.00%)

6

(100.00%)



IFRS 4 Kuwait 6 1 (17.00%) 1 (17.00%) 1 (17.00%)

IFRS 4 Oman 6 1 (17.00%) 1 (17.00%) 1 (17.00%)

IFRS 4 Pakistan 3 - - -

IFRS 4 Qatar 6 1 (17.00%) 1 (17.00%) 1 (17.00%)


IFRS 4 South Korea 6 1 (17.00%) 1 (17.00%) 1 (17.00%)

IFRS 4 UAE 6 3 (50.00%) 3 (50.00%) 3 (50.00%)

IFRS 4 TOTAL 50 13 13 13

IFRS 5A Bahrain 6 5 (83.00%) 5 (83.00%) 5 (83.00%)

IFRS 5A India 2 2

(100.00%)

2

(100.00%)

2

(100.00%)

IFRS 5A Japan 3 3

(100.00%) 2 (67.00%) 2 (67.00%)

IFRS 5A Kuwait 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

IFRS 5A Oman 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

IFRS 5A Pakistan 3 3

(100.00%)

3

(100.00%)

3

(100.00%)

IFRS 5A Qatar 6 5 (83.00%) 5 (83.00%) 4 (67.00%)

IFRS 5A Saudi Arabia 6 5 (83.00%) 5 (83.00%) 5 (83.00%)

IFRS 5A South Korea 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

IFRS 5A UAE 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

IFRS 5A TOTAL 50 47 46 45

IFRS 5B Bahrain 6 2 (33.00%) 2 (33.00%) 2 (33.00%)

IFRS 5B India 2 - - -

IFRS 5B Japan 3 - - -

IFRS 5B Kuwait 6 2 (33.00%) 2 (33.00%) 2 (33.00%)

IFRS 5B Oman 6 - - -

IFRS 5B Pakistan 3 - - -

IFRS 5B Qatar 6 1 (17.00%) 1 (17.00%) 1 (17.00%)

IFRS 5B Saudi Arabia 6 - - -

IFRS 5B South Korea 6 - - -

IFRS 5B UAE 6 - - -

IFRS 5B TOTAL 50 5 5 5





IFRS 6 Oman 6 - - -


196

IFRS 6 Qatar 6 - - -



IFRS 6 UAE 6 - - -

IFRS 6 TOTAL 50 - - -

IFRS 7 Bahrain 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

IFRS 7 India 2 2

(100.00%)

2

(100.00%)

2

(100.00%)

IFRS 7 Japan 3 3

(100.00%) 2 (67.00%) 2 (67.00%)

IFRS 7 Kuwait 6 5 (83.00%) 6

(100.00%)

6

(100.00%)

IFRS 7 Oman 6 4 (67.00%) 3 (50.00%) 3 (50.00%)

IFRS 7 Pakistan 3 3

(100.00%)

3

(100.00%)

3

(100.00%)

IFRS 7 Qatar 6 4 (67.00%) 4 (67.00%) 3 (50.00%)


IFRS 7 South Korea 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

IFRS 7 UAE 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

IFRS 7 TOTAL 50 42 41 40

IFRS 8C Bahrain 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

IFRS 8C India 2 2

(100.00%)

2

(100.00%)

2

(100.00%)

IFRS 8C Japan 3 3

(100.00%) 2 (67.00%) 2 (67.00%)

IFRS 8C Kuwait 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

IFRS 8C Oman 6 5 (83.00%) 5 (83.00%) 5 (83.00%)

IFRS 8C Pakistan 3 3

(100.00%)

3

(100.00%)

3

(100.00%)

IFRS 8C Qatar 6 5 (83.00%) 5 (83.00%) 4 (67.00%)

IFRS 8C Saudi Arabia 6 3 (50.00%) 3 (50.00%) 3 (50.00%)

IFRS 8C South Korea 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

IFRS 8C UAE 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

IFRS 8C TOTAL 50 45 44 43

IFRS 9 Bahrain 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

IFRS 9 India 2 1 (50.00%) 1 (50.00%) 1 (50.00%)

IFRS 9 Japan 3 1 (33.00%) 1 (33.00%) 1 (33.00%)

IFRS 9 Kuwait 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

IFRS 9 Oman 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

IFRS 9 Pakistan 3 3

(100.00%) 2 (67.00%) 2 (67.00%)

IFRS 9 Qatar 6 5 (83.00%) 5 (83.00%) 4 (67.00%)

197



IFRS 9 UAE 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

IFRS 9 TOTAL 50 36 35 34

IFRS 10 Bahrain 6 5 (83.00%) 5 (83.00%) 5 (83.00%)

IFRS 10 India 2 2

(100.00%)

2

(100.00%)

2

(100.00%)

IFRS 10 Japan 3 3

(100.00%) 2 (67.00%) 2 (67.00%)

IFRS 10 Kuwait 6 5 (83.00%) 5 (83.00%) 5 (83.00%)

IFRS 10 Oman 6 3 (50.00%) 4 (67.00%) 4 (67.00%)

IFRS 10 Pakistan 3 3

(100.00%)

3

(100.00%) 2 (67.00%)

IFRS 10 Qatar 6 5 (83.00%) 5 (83.00%) 4 (67.00%)


IFRS 10 South Korea 6 5 (83.00%) 5 (83.00%) 5 (83.00%)

IFRS 10 UAE 6 5 (83.00%) 6

(100.00%)

6

(100.00%)

IFRS 10 TOTAL 50 38 38 36

IFRS 11 Bahrain 6 5 (83.00%) 5 (83.00%) 5 (83.00%)

IFRS 11 India 2 2

(100.00%)

2

(100.00%)

2

(100.00%)

IFRS 11 Japan 3 3

(100.00%) 2 (67.00%) 2 (67.00%)

IFRS 11 Kuwait 6 4 (67.00%) 4 (67.00%) 3 (50.00%)

IFRS 11 Oman 6 3 (50.00%) 3 (50.00%) 3 (50.00%)


(100.00%)

3

(100.00%) 2 (67.00%)

IFRS 11 Qatar 6 5 (83.00%) 5 (83.00%) 3 (50.00%)


IFRS 11 South Korea 6 5 (83.00%) 5 (83.00%) 5 (83.00%)

IFRS 11 UAE 6 5 (83.00%) 6

(100.00%)

6

(100.00%)

IFRS 11 TOTAL 50 37 37 33

IFRS 12 Bahrain 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

IFRS 12 India 2 1 (50.00%) 1 (50.00%) 1 (50.00%)

IFRS 12 Japan 3 2 (67.00%) 2 (67.00%) 2 (67.00%)

IFRS 12 Kuwait 6 5 (83.00%) 5 (83.00%) 5 (83.00%)

IFRS 12 Oman 6 3 (50.00%) 4 (67.00%) 4 (67.00%)


(100.00%)

3

(100.00%) 2 (67.00%)

IFRS 12 Qatar 6 5 (83.00%) 5 (83.00%) 3 (50.00%)


IFRS 12 South Korea 6 4 (67.00%) 4 (67.00%) 4 (67.00%)

IFRS 12 UAE 6 5 (83.00%) 5 (83.00%) 6

(100.00%)

IFRS 12 TOTAL 50 36 36 34

198

IFRS 13 Bahrain 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

IFRS 13 India 2 1 (50.00%) 1 (50.00%) 1 (50.00%)

IFRS 13 Japan 3 3

(100.00%) 2 (67.00%) 2 (67.00%)

IFRS 13 Kuwait 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

IFRS 13 Oman 6 4 (67.00%) 5 (83.00%) 5 (83.00%)


(100.00%) 2 (67.00%) 2 (67.00%)

IFRS 13 Qatar 6 5 (83.00%) 5 (83.00%) 3 (50.00%)


IFRS 13 South Korea 6 5 (83.00%) 5 (83.00%) 5 (83.00%)

IFRS 13 UAE 6 6

(100.00%) 5 (83.00%)

6

(100.00%)

IFRS 13 TOTAL 50 42 39 38





IFRS 14 Oman 6 - - -


IFRS 14 Qatar 6 - - -



IFRS 14 UAE 6 - - -

IFRS 14 TOTAL 50 - - -

TOTAL 750 380 372 358

199

1 1 1

2

1 1

3

2

1 1 1 1 1 1

4

1 1 1

3

6

2

3

6 6

3

6 6 6 6

0

1

2

3

4

5

6

7

Bahrain India Japan Kuwait Oman Pakistan Qatar SaudiArabia

SouthKorea

UAE

IFRS-1


2

5

1

2

1 1

4

2

5

2

1 1

3

2

5

2

1 1

3

6

2

3

6 6

3

6 6 6 6

0

1

2

3

4

5

6

7


SouthKorea

UAE

IFRS-2


5

1

2

1 1 1

2

5

1

2

1 1 1 1

5

1

4

1 1 1

3

6

2

3

6 6

3

6 6 6 6

0

1

2

3

4

5

6

7


SouthKorea

UAE

IFRS-3


200

6

1 1 1 1

3

6

1 1 1 1

3

6

1 1 1 1

3

6

2

3

6 6

3

6 6 6 6

0

1

2

3

4

5

6

7


SouthKorea

UAE

IFRS-4


5

2

3

6 6

3

5 5

6 6

5

2 2

6 6

3

5 5

6 6

5

2 2

6 6

3

4

5

6 66

2

3

6 6

3

6 6 6 6

0

1

2

3

4

5

6

7


SouthKorea

UAE

IFRS-5A


2 2

1

2 2

1

2 2

1

6

2

3

6 6

3

6 6 6 6

0

1

2

3

4

5

6

7


SouthKorea

UAE

IFRS-5B


201

6

2

3

5

4

3

4

3

6 66

2 2

6

3 3

4

3

6 66

2 2

6

3 3 3 3

6 66

2

3

6 6

3

6 6 6 6

0

1

2

3

4

5

6

7


SouthKorea

UAE

IFRS-7


6

2

3

6

5

3

5

3

6 66

2 2

6

5

3

5

3

6 66

2 2

6

5

3

4

3

6 66

2

3

6 6

3

6 6 6 6

0

1

2

3

4

5

6

7


SouthKorea

UAE

IFRS-8C


202

6

1 1

6 6

3

5

2

66

1 1

6 6

2

5

2

66

1 1

6 6

2

4

2

66

2

3

6 6

3

6 6 6 6

0

1

2

3

4

5

6

7


SouthKorea

UAE

IFRS-9


5

2

3

5

3 3

5

2

5 55

2 2

5

4

3

5

1

5

6

5

2 2

5

4

2

4

1

5

66

2

3

6 6

3

6 6 6 6

0

1

2

3

4

5

6

7


SouthKorea

UAE

IFRS-10


203

5

2

3

4

3 3

5

2

5 55

2 2

4

3 3

5

2

5

6

5

2 2

3 3

2

3

2

5

66

2

3

6 6

3

6 6 6 6

0

1

2

3

4

5

6

7


SouthKorea

UAE

IFRS-11


6

1

2

5

3 3

5

2

4

5

6

1

2

5

4

3

5

1

4

5

6

1

2

5

4

2

3

1

4

66

2

3

6 6

3

6 6 6 6

0

1

2

3

4

5

6

7


SouthKorea

UAE

IFRS-12


204

INTERPRETATION

From the above table we can examine that companies from Bahrain, Kuwait, Oman ,

UAE and South Korea disclosing IFRS 5A (“NCA or Held for sale”), IFRS 7

(“Financial Instruments”), IFRS 8C (“Segment Information”), IFRS 9 (“Fair value

hedges of the interest rate”), IFRS 12 (“Disclosure of Interests in Other Entities”), IFRS

13 (“Fair Value Measurement”) and IFRS 4 (“Insurance Contract”) 100%. Based on

above table it also can be observed that, Few companies disclosing IFRS 1 (“First

Time”), IFRS 2 (“Share Based payment (Granted Shares/Stock, Share/Stock Options,

Share/Stock Rights)”), IFRS 3 (“Has the entity entered into a business combination

during the current or prior reporting period?”), IFRS 4 (“Insurance Contract”) and

IFRS 5B (“Discontinued Operation”). Many companies disclosing 100% IFRS

components like IFRS4, IFRS5A, IFRS7, IFRS8C, IFRS9, IFRS12, IFRS13, IFRS10,

IFRS11. 17% around components like IFRS1, IFRS2, IFRS3, IFRS4 disclosed by

companies taken under study

6

1

3

6

4

3

5

3

5

66

1

2

6

5

2

5

2

5 5

6

1

2

6

5

2

3

2

5

66

2

3

6 6

3

6 6 6 6

0

1

2

3

4

5

6

7


SouthKorea

UAE

IFRS-13


205

3.7 Disclosure of IFRS Components by Country and IFRS Components Type

Described which IFRS components disclosed by year and by IFRS Components within

Country

Table 21 - Disclosure of IFRS Components by Country and IFRS Components Type

COUNTRY IFRS NO. OF


Bahrain IFRS1 6 1 (16.67%) 2 (33.33%) -

Bahrain IFRS2 6 - - -

Bahrain IFRS3 6 5 (83.33%) 5 (83.33%) 5 (83.33%)

Bahrain IFRS4 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

Bahrain IFRS5A 6 5 (83.33%) 5 (83.33%) 5 (83.33%)

Bahrain IFRS5B 6 2 (33.33%) 2 (33.33%) 2 (33.33%)


Bahrain IFRS7 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

Bahrain IFRS8C 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

Bahrain IFRS9 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

Bahrain IFRS10 6 5 (83.33%) 5 (83.33%) 5 (83.33%)

Bahrain IFRS11 6 5 (83.33%) 5 (83.33%) 5 (83.33%)

Bahrain IFRS12 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

Bahrain IFRS13 6 6

(100.00%)

6

(100.00%)

6

(100.00%)


Bahrain Total 90 59 60 58

India IFRS1 2 1 (50.00%) 1 (50.00%) 1 (50.00%)

India IFRS2 2 - - -

India IFRS3 2 1 (50.00%) 1 (50.00%) 1 (50.00%)

India IFRS4 2 - - -

India IFRS5A 2 2

(100.00%)

2

(100.00%)

2

(100.00%)

India IFRS5B 2 - - -

India IFRS6 2 - - -

India IFRS7 2 2

(100.00%)

2

(100.00%)

2

(100.00%)

India IFRS8C 2 2

(100.00%)

2

(100.00%)

2

(100.00%)

India IFRS9 2 1 (50.00%) 1 (50.00%) -

India IFRS10 2 2

(100.00%)

2

(100.00%)

2

(100.00%)

India IFRS11 2 2

(100.00%)

2

(100.00%)

2

(100.00%)

206

India IFRS12 2 1 (50.00%) 1 (50.00%) 1 (50.00%)

India IFRS13 2 1 (50.00%) 1 (50.00%) 1 (50.00%)

India IFRS14 2 - - -

India Total 30 15 15 15

Japan IFRS1 3 1 (33.33%) 1 (33.33%) 1 (33.33%)

Japan IFRS2 3 2 (66.67%) 2 (66.67%) 2 (66.67%)

Japan IFRS3 3 - - -

Japan IFRS4 3 - - -

Japan IFRS5A 3 3

(100.00%) 2 (66.67%) 2 (66.67%)

Japan IFRS5B 3 - - -

Japan IFRS6 3 - - -

Japan IFRS7 3 3

(100.00%) 2 (66.67%) 2 (66.67%)

Japan IFRS8C 3 3

(100.00%) 2 (66.67%) 2 (66.67%)

Japan IFRS9 3 1 (33.33%) 1 (33.33%) 1 (33.33%)

Japan IFRS10 3 3

(100.00%) 2 (66.67%) 2 (66.67%)

Japan IFRS11 3 3

(100.00%) 2 (66.67%) 2 (66.67%)

Japan IFRS12 3 2 (66.67%) 2 (66.67%) 2 (66.67%)

Japan IFRS13 3 3

(100.00%) 2 (66.67%) 2 (66.67%)

Japan IFRS14 3 - - -

Japan Total 45 24 18 18

Kuwait IFRS1 6 - - -

Kuwait IFRS2 6 5 (83.33%) 5 (83.33%) 5 (83.33%)

Kuwait IFRS3 6 2 (33.33%) 2 (33.33%) 4 (66.67%)

Kuwait IFRS4 6 1 (16.67%) 1 (16.67%) 1 (16.67%)

Kuwait IFRS5A 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

Kuwait IFRS5B 6 2 (33.33%) 2 (33.33%) 2 (33.33%)


Kuwait IFRS7 6 5 (83.33%) 6

(100.00%)

6

(100.00%)

Kuwait IFRS8C 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

Kuwait IFRS9 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

Kuwait IFRS10 6 5 (83.33%) 5 (83.33%) 5 (83.33%)

Kuwait IFRS11 6 4 (66.67%) 4 (66.67%) 3 (50.00%)

Kuwait IFRS12 6 5 (83.33%) 5 (83.33%) 5 (83.33%)

Kuwait IFRS13 6 6

(100.00%)

6

(100.00%)

6

(100.00%)


Kuwait Total 90 53 54 55

Oman IFRS1 6 - 1 (16.67%) -

207

Oman IFRS2 6 1 (16.67%) - -

Oman IFRS3 6 1 (16.67%) 1 (16.67%) 1 (16.67%)

Oman IFRS4 6 1 (16.67%) 1 (16.67%) 1 (16.67%)

Oman IFRS5A 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

Oman IFRS5B 6 - - -

Oman IFRS6 6 - - -

Oman IFRS7 6 4 (66.67%) 3 (50.00%) 3 (50.00%)

Oman IFRS8C 6 5 (83.33%) 5 (83.33%) 5 (83.33%)

Oman IFRS9 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

Oman IFRS10 6 3 (50.00%) 4 (66.67%) 4 (66.67%)

Oman IFRS11 6 3 (50.00%) 3 (50.00%) 3 (50.00%)

Oman IFRS12 6 3 (50.00%) 4 (66.67%) 4 (66.67%)

Oman IFRS13 6 4 (66.67%) 5 (83.33%) 5 (83.33%)

Oman IFRS14 6 - - -

Oman Total 90 37 39 38

Pakistan IFRS1 3 2 (66.67%) 1 (33.33%) 1 (33.33%)

Pakistan IFRS2 3 2 (66.67%) 2 (66.67%) 2 (66.67%)

Pakistan IFRS3 3 1 (33.33%) 1 (33.33%) 1 (33.33%)

Pakistan IFRS4 3 - - -

Pakistan IFRS5A 3 3

(100.00%)

3

(100.00%)

3

(100.00%)

Pakistan IFRS5B 3 - - -


Pakistan IFRS7 3 3

(100.00%)

3

(100.00%)

3

(100.00%)

Pakistan IFRS8C 3 3

(100.00%)

3

(100.00%)

3

(100.00%)

Pakistan IFRS9 3 3

(100.00%) 2 (66.67%) 2 (66.67%)

Pakistan IFRS10 3 3

(100.00%)

3

(100.00%) 2 (66.67%)

Pakistan IFRS11 3 3

(100.00%)

3

(100.00%) 2 (66.67%)

Pakistan IFRS12 3 3

(100.00%)

3

(100.00%) 2 (66.67%)

Pakistan IFRS13 3 3

(100.00%) 2 (66.67%) 2 (66.67%)


Pakistan Total 45 29 26 23

Qatar IFRS1 6 1 (16.67%) 1 (16.67%) -

Qatar IFRS2 6 1 (16.67%) 1 (16.67%) 1 (16.67%)

Qatar IFRS3 6 1 (16.67%) 1 (16.67%) 1 (16.67%)

Qatar IFRS4 6 1 (16.67%) 1 (16.67%) 1 (16.67%)

Qatar IFRS5A 6 5 (83.33%) 5 (83.33%) 4 (66.67%)

Qatar IFRS5B 6 1 (16.67%) 1 (16.67%) 1 (16.67%)

Qatar IFRS6 6 - - -

208

Qatar IFRS7 6 4 (66.67%) 4 (66.67%) 3 (50.00%)

Qatar IFRS8C 6 5 (83.33%) 5 (83.33%) 4 (66.67%)

Qatar IFRS9 6 5 (83.33%) 5 (83.33%) 4 (66.67%)

Qatar IFRS10 6 5 (83.33%) 5 (83.33%) 4 (66.67%)

Qatar IFRS11 6 5 (83.33%) 5 (83.33%) 3 (50.00%)

Qatar IFRS12 6 5 (83.33%) 5 (83.33%) 3 (50.00%)

Qatar IFRS13 6 5 (83.33%) 5 (83.33%) 3 (50.00%)

Qatar IFRS14 6 - - -

Qatar Total 90 44 44 32

Saudi Arabia IFRS1 6 1 (16.67%) 1 (16.67%) 1 (16.67%)

Saudi Arabia IFRS2 6 - - -



Saudi Arabia IFRS5A 6 5 (83.33%) 5 (83.33%) 5 (83.33%)

Saudi Arabia IFRS5B 6 - - -



Saudi Arabia IFRS8C 6 3 (50.00%) 3 (50.00%) 3 (50.00%)







Saudi Arabia

Total 90 23 20 20

South Korea IFRS1 6 - - -

South Korea IFRS2 6 1 (16.67%) 1 (16.67%) 1 (16.67%)


South Korea IFRS4 6 1 (16.67%) 1 (16.67%) 1 (16.67%)

South Korea IFRS5A 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

South Korea IFRS5B 6 - - -


South Korea IFRS7 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

South Korea IFRS8C 6 6

(100.00%)

6

(100.00%)

6

(100.00%)


South Korea IFRS10 6 5 (83.33%) 5 (83.33%) 5 (83.33%)

South Korea IFRS11 6 5 (83.33%) 5 (83.33%) 5 (83.33%)

South Korea IFRS12 6 4 (66.67%) 4 (66.67%) 4 (66.67%)

South Korea IFRS13 6 5 (83.33%) 5 (83.33%) 5 (83.33%)


209

South Korea Total 90 39 39 39

UAE IFRS1 6 3 (50.00%) 4 (66.67%) 3 (50.00%)

UAE IFRS2 6 4 (66.67%) 3 (50.00%) 3 (50.00%)

UAE IFRS3 6 2 (33.33%) 1 (16.67%) 3 (50.00%)

UAE IFRS4 6 3 (50.00%) 3 (50.00%) 3 (50.00%)

UAE IFRS5A 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

UAE IFRS5B 6 - - -

UAE IFRS6 6 - - -

UAE IFRS7 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

UAE IFRS8C 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

UAE IFRS9 6 6

(100.00%)

6

(100.00%)

6

(100.00%)

UAE IFRS10 6 5 (83.33%) 6

(100.00%)

6

(100.00%)

UAE IFRS11 6 5 (83.33%) 6

(100.00%)

6

(100.00%)

UAE IFRS12 6 5 (83.33%) 5 (83.33%) 6

(100.00%)

UAE IFRS13 6 6

(100.00%) 5 (83.33%)

6

(100.00%)

UAE IFRS14 6 - - -

UAE Total 90 57 57 60

TOTAL 750 380 372 358

INTERPRETATION

From above table it can be observed that, all companies from Bahrain disclosing IFRS4,

IFRS7, IFRS8C, IFRS9, IFRS12 and IFRS13 components. IFRS5A, IFRS7, IFRS8C,

IFRS10, IFRS11 components disclosed by all Indian companies. IFRS5A, IFRS7,

IFRS8C, IFRS10, IFRS11, IFRS13 components disclosed by all Japanese companies.

IFRS5A, IFRS8C, IFRS9, IFRS13 components disclosed by all Kuwait companies.

IFRS5A, IFRS9 components disclosed by all Oman companies. IFRS5A, IFRS7,

IFRS8C, IFRS9, IFRS10, IFRS11, IFRS12, IFRS13components disclosed by all

Pakistan companies. IFRS5A, IFRS8C, IFRS9, IFRS10, IFRS11, IFRS12, IFRS13

components disclosed by all Qatar companies. IFRS5A, IFRS7, IFRS8C components

disclosed by all South Korea companies. IFRS5A, IFRS7, IFRS8C, IFRS9, IFRS13

components disclosed by all UAE companies.

210

1

5

6

5

2

6 6 6

5 5

6 6

2

5

6

5

2

6 6 6

5 5

6 6

5

6

5

2

6 6 6

5 5

6 6

0

1

2

3

4

5

6

7


COUNTRY VS IFRS : BAHRAIN


1 1

2 2 2

1

2 2

1 11 1

2 2 2

1

2 2

1 11 1 1 1 1

0

0.5

1

1.5

2

2.5


COUNTRY VS IFRS : INDIA


211

1

2

3 3 3

1

3 3

2

3

1

2 2 2 2

1

2 2 2 2

1

2 2 2 2

1

2 2 2 2

0

0.5

1

1.5

2

2.5

3

3.5


COUNTRY VS IFRS : JAPAN


5

2

1

6

2

5

6 6

5

4

5

6

5

2

1

6

2

6 6 6

5

4

5

6

5

4

1

6

2

6 6 6

5

3

5

6

0

1

2

3

4

5

6

7


COUNTRY VS IFRS : KUWAIT


212

1 1 1

6

4

5

6

3 3 3

4

1 1 1

6

3

5

6

4

3

4

5

1 1

6

3

5

6

4

3

4

5

0

1

2

3

4

5

6

7


COUNTRY VS IFRS : OMAN


2 2

1

3 3 3 3 3 3 3 3

1

2

1

3 3 3

2

3 3 3

2

1

2

1

3 3 3

2 2 2 2 2

0

0.5

1

1.5

2

2.5

3

3.5


COUNTRY VS IFRS : PAKISTAN


213

1 1 1 1

5

1

4

5 5 5 5 5 5

1 1 1 1

5

1

4

5 5 5 5 5 5

1 1 1

4

1

3

4 4 4

3 3 3

0

1

2

3

4

5

6

7


COUNTRY VS IFRS : QATAR


1

5

3 3

2 2 2 2

3

1

5

3 3

2

1

2

1

2

1

5

3 3

2

1

2

1

2

0

1

2

3

4

5

6

7


COUNTRY VS IFRS : SAUDI ARABIA


214

1 1

6 6 6

5 5

4

5

1 1

6 6 6

5 5

4

5

1 1

6 6 6

5 5

4

5

0

1

2

3

4

5

6

7


COUNTRY VS IFRS : SOUTH KOREA


3

4

2

3

6 6 6 6

5 5 5

6

4

3

1

3

6 6 6 6 6 6

5 5

3 3 3 3

6 6 6 6 6 6 6 6

0

1

2

3

4

5

6

7


COUNTRY VS IFRS : UAE


215

3.8 Disclosure of IFRS Components by Industry and IFRS Components Type

Described disclosure of IFRS components by year and by IFRS Components within Industry

Table 22 - Disclosure of IFRS components by industry and IFRS components type

IFRS NO. OF


IFRS1 14 1 (7.14%) 4 (28.57%) 1 (7.14%)

IFRS2 14 4 (28.57%) 4 (28.57%) 4 (28.57%)

IFRS3 14 5 (35.71%) 5 (35.71%) 6 (42.86%)

IFRS4 14 3 (21.43%) 3 (21.43%) 3 (21.43%)

IFRS5A 14 13 (92.86%) 13 (92.86%) 13 (92.86%)

IFRS5B 14 1 (7.14%) 1 (7.14%) 1 (7.14%)

IFRS6 14 - - -

IFRS7 14 13 (92.86%) 13 (92.86%) 13 (92.86%)

IFRS8C 14 13 (92.86%) 13 (92.86%) 13 (92.86%)

IFRS9 14 12 (85.71%) 12 (85.71%) 12 (85.71%)

IFRS10 14 12 (85.71%) 11 (78.57%) 11 (78.57%)

IFRS11 14 9 (64.29%) 9 (64.29%) 9 (64.29%)

IFRS12 14 12 (85.71%) 11 (78.57%) 11 (78.57%)

IFRS13 14 14 (100.00%) 13 (92.86%) 13 (92.86%)

IFRS14 14 - - -

210 112 112 110

IFRS1 11 2 (18.18%) 2 (18.18%) 1 (9.09%)

IFRS2 11 3 (27.27%) 2 (18.18%) 2 (18.18%)

IFRS3 11 2 (18.18%) 1 (9.09%) 3 (27.27%)

IFRS4 11 7 (63.64%) 7 (63.64%) 7 (63.64%)

IFRS5A 11 10 (90.91%) 10 (90.91%) 10 (90.91%)

IFRS5B 11 - - -

IFRS6 11 - - -

IFRS7 11 8 (72.73%) 8 (72.73%) 8 (72.73%)

IFRS8C 11 10 (90.91%) 10 (90.91%) 10 (90.91%)

IFRS9 11 6 (54.55%) 6 (54.55%) 6 (54.55%)

IFRS10 11 6 (54.55%) 8 (72.73%) 8 (72.73%)

IFRS11 11 6 (54.55%) 7 (63.64%) 6 (54.55%)

IFRS12 11 6 (54.55%) 7 (63.64%) 8 (72.73%)

IFRS13 11 8 (72.73%) 8 (72.73%) 8 (72.73%)

IFRS14 11 - - -

165 74 76 77

IFRS1 25 7 (28.00%) 6 (24.00%) 6 (24.00%)

IFRS2 25 9 (36.00%) 8 (32.00%) 8 (32.00%)

216

IFRS3 25 6 (24.00%) 6 (24.00%) 6 (24.00%)

IFRS4 25 3 (12.00%) 3 (12.00%) 3 (12.00%)

IFRS5A 25 24 (96.00%) 23 (92.00%) 23 (92.00%)

IFRS5B 25 4 (16.00%) 4 (16.00%) 4 (16.00%)

IFRS6 25 - - -

IFRS7 25 21 (84.00%) 20 (80.00%) 19 (76.00%)

IFRS8C 25 22 (88.00%) 21 (84.00%) 20 (80.00%)

IFRS9 25 18 (72.00%) 17 (68.00%) 16 (64.00%)

IFRS10 25 20 (80.00%) 19 (76.00%) 16 (64.00%)

IFRS11 25 22 (88.00%) 21 (84.00%) 18 (72.00%)

IFRS12 25 18 (72.00%) 18 (72.00%) 15 (60.00%)

IFRS13 25 20 (80.00%) 18 (72.00%) 17 (68.00%)

IFRS14 25 - - -

375 194 184 171

750 380 372 358

INTERPRETATION

From above table it can be concluded that IFRS13, IFRS5A, IFRS7, IFRS8C

components disclosed most in Financial companies whereas IFRS5B and IFRS1 least

disclosed components, it also been observed that IFRS5A, IFRS8C, IFRS7 and IFRS13

components disclosed most in Insurance companies whereas IFRS3 and IFRS1 least

disclosed components. IFRS5A, IFRS8C, IFRS7 and IFRS11 components disclosed

most in Non-Financial companies whereas IFRS4 and IFRS5B least disclosed

components.

217

3.9 Disclosure of IFRS Components by IFRS Components Type and Industry

Table 23 - Disclosure of IFRS Components by IFRS Components Type and Industry

IFRS INDUSTRY NO. OF


IFRS 1 Financial 14 1 (7.14%) 4 (28.57%) 1 (7.14%)

IFRS 1 Insurance 11 2 (18.18%) 2 (18.18%) 1 (9.09%)

IFRS 1 Non-Financial 25 7 (28.00%) 6 (24.00%) 6 (24.00%)

IFRS 1

TOTAL 50 10 12 8

IFRS 2 Financial 14 4 (28.57%) 4 (28.57%) 4 (28.57%)

IFRS 2 Insurance 11 3 (27.27%) 2 (18.18%) 2 (18.18%)


IFRS 2

TOTAL 50 16 14 14

IFRS 3 Financial 14 5 (35.71%) 5 (35.71%) 6 (42.86%)

IFRS 3 Insurance 11 2 (18.18%) 1 (9.09%) 3 (27.27%)


IFRS 3

TOTAL 50 13 12 15

IFRS 4 Financial 14 3 (21.43%) 3 (21.43%) 3 (21.43%)

IFRS 4 Insurance 11 7 (63.64%) 7 (63.64%) 7 (63.64%)


IFRS 4

TOTAL 50 13 13 13

IFRS 5A Financial 14 13 (92.86%) 13 (92.86%) 13

(92.86%)

IFRS 5A Insurance 11 10 (90.91%) 10 (90.91%) 10

(90.91%)

IFRS 5A Non-Financial 25 24 (96.00%) 23 (92.00%) 23

(92.00%)

IFRS 5A

TOTAL 50 47 46 46

IFRS 5B Financial 14 1 (7.14%) 1 (7.14%) 1 (7.14%)

IFRS 5B Insurance 11 - - -

IFRS 5B Non-Financial 25 4 (16.00%) 4 (16.00%) 4 (16.00%)

IFRS 5B

TOTAL 50 5 (10.00%) 5 (10.00%) 5 (10.00%)

IFRS 6 Financial 14 - - -

IFRS 6 Insurance 11 - - -

IFRS 6 Non-Financial 25 - - -

IFRS 6

TOTAL 50 - - -

IFRS 7 Financial 14 13 (92.86%) 13 (92.86%) 13

(92.86%)

IFRS 7 Insurance 11 8 (72.73%) 8 (72.73%) 8 (72.73%)

IFRS 7 Non-Financial 25 21 (84.00%) 20 (80.00%) 19

(76.00%)

IFRS 7

TOTAL 50 42 41 40

218

IFRS 8C Financial 14 13 (92.86%) 13 (92.86%) 13

(92.86%)

IFRS 8C Insurance 11 10 (90.91%) 10 (90.91%) 10

(90.91%)

IFRS 8C Non-Financial 25 22 (88.00%) 21 (84.00%) 20

(80.00%)

IFRS 8C

TOTAL 50 45 44 43

IFRS 9 Financial 14 12 (85.71%) 12 (85.71%) 12

(85.71%)

IFRS 9 Insurance 11 6 (54.55%) 6 (54.55%) 6 (54.55%)


(64.00%)

IFRS 9

TOTAL 50 36 35 34

IFRS 10 Financial 14 12 (85.71%) 11 (78.57%) 11

(78.57%)

IFRS 10 Insurance 11 6 (54.55%) 8 (72.73%) 8 (72.73%)


(68.00%)

IFRS 10

TOTAL 50 38 38 36

IFRS 11 Financial 14 9 (64.29%) 9 (64.29%) 9 (64.29%)

IFRS 11 Insurance 11 6 (54.55%) 7 (63.64%) 6 (54.55%)


(72.00%)

IFRS 11

TOTAL 50 37 37 33

IFRS 12 Financial 14 12 (85.71%) 11 (78.57%) 11

(78.57%)

IFRS 12 Insurance 11 6 (54.55%) 7 (63.64%) 8 (72.73%)


(60.00%)

IFRS 12

TOTAL 50 36 36 34

IFRS 13 Financial 14 14 (100.00%) 13 (92.86%) 13

(92.86%)

IFRS 13 Insurance 11 8 (72.73%) 8 (72.73%) 8 (72.73%)


(64.00%)

IFRS 13

TOTAL 50 42 39 37

IFRS 14 Financial 14 - - -

IFRS 14 Insurance 11 - - -

IFRS 14 Non-Financial 25 - - -

IFRS 14

TOTAL 50 - - -

TOTAL 750 380 372 358

219

INTERPRETATION

From the above table it can be observed that, IFRS1 disclosed most in Non-Financial

companies whereas least disclosed in Financial companies. It also been observed that,

IFRS2 disclosed most in Non-Financial companies whereas least disclosed in Insurance

companies. IFRS 3 disclosed most in Financial companies whereas least disclosed in

Insurance companies. IFRS 4 disclosed most in Insurance companies whereas least

disclosed in Non-Financial companies. IFRS5A disclosed most in Non-Financial

companies whereas least disclosed in Insurance companies. IFRS5B disclosed most in

Non-Financial companies whereas least disclosed in Insurance companies. IFRS 6 not

disclosed by any companies taken under study. IFRS7 disclosed most in Financial

companies whereas least disclosed in Insurance companies. IFRS8C disclosed most in

Financial companies whereas least disclosed in Non-Financial companies. IFRS9

disclosed most in Financial companies whereas least disclosed in Insurance companies.

IFRS10 disclosed most in Non-Financial companies whereas least disclosed in

Insurance companies. IFRS11 disclosed most in Non-Financial companies whereas

least disclosed in Insurance companies. IFRS12 disclosed most in Financial companies

whereas least disclosed in Insurance companies. IFRS13 disclosed by all Financial

companies whereas least disclosed in Insurance companies. IFRS 6 not disclosed by

any companies taken under study

220

3.10 Disclosure of IFRS Components by country and Industry

Table 24 - Disclosure of IFRS Components by Country, Industry

COUNTRY INDUSTRY IFRS NO. OF


Bahrain Financial IFRS1 2 - 1 -

Bahrain Financial IFRS2 2 - - -

Bahrain Financial IFRS3 2 2 2 2


Bahrain Financial IFRS5A 2 1 1 1

Bahrain Financial IFRS5B 2 - - -



Bahrain Financial IFRS8C 2 2 2 2







Bahrain Financial Total 30 19 20 19

Bahrain Insurance IFRS1 1 1 1 -

Bahrain Insurance IFRS2 1 - - -

Bahrain Insurance IFRS3 1 1 1 1


Bahrain Insurance IFRS5A 1 1 1 1

Bahrain Insurance IFRS5B 1 - - -



Bahrain Insurance IFRS8C 1 1 1 1







Bahrain Insurance Total 15 11 11 10

Bahrain Non-Financial IFRS1 3 - - -


Bahrain Non-Financial IFRS3 3 2 2 2


221



Bahrain Non-Financial IFRS5A 3 3 3 3

Bahrain Non-Financial IFRS5B 3 2 2 2



Bahrain Non-Financial IFRS8C 3 3 3 3







Bahrain Non-Financial

Total 45 29 29 29

Bahrain

Total 90 59 60 58

India Non-Financial IFRS1 2 1 1 1

India Non-Financial IFRS2 2 - - -



India Non-Financial IFRS5A 2 2 2 2

India Non-Financial IFRS5B 2 - - -



India Non-Financial IFRS8C 2 2 2 2







India Non-Financial

Total 30 15 15 15

India Total 30 15 15 15

Japan Financial IFRS1 1 - - -

Japan Financial IFRS2 1 1 1 1



Japan Financial IFRS5A 1 1 1 1

Japan Financial IFRS5B 1 - - -



Japan Financial IFRS8C 1 1 1 1

222









Japan Financial Total 15 8 8 8

Japan Non-Financial IFRS1 2 1 1 1


Japan Non-Financial IFRS3 2 - - -


Japan Non-Financial IFRS5A 2 2 1 1

Japan Non-Financial IFRS5B 2 - - -



Japan Non-Financial IFRS8C 2 2 1 1







Japan Non-Financial

Total 30 16 10 10

Japan Total 45 24 18 18

Kuwait Financial IFRS1 3 - - -

Kuwait Financial IFRS2 3 2 2 2



Kuwait Financial IFRS5A 3 3 3 3

Kuwait Financial IFRS5B 3 1 1 1



Kuwait Financial IFRS8C 3 3 3 3







Kuwait Financial Total 45 24 25 25

223



Kuwait Insurance IFRS1 1 - - -

Kuwait Insurance IFRS2 1 1 1 1

Kuwait Insurance IFRS3 1 - - 1


Kuwait Insurance IFRS5A 1 1 1 1

Kuwait Insurance IFRS5B 1 - - -



Kuwait Insurance IFRS8C 1 1 1 1



Kuwait Insurance IFRS11 1 1 1 -




Kuwait Insurance Total 15 10 10 10

Kuwait Non-Financial IFRS1 2 - - -

Kuwait Non-Financial IFRS2 2 2 2 2

Kuwait Non-Financial IFRS3 2 - - 1


Kuwait Non-Financial IFRS5A 2 2 2 2

Kuwait Non-Financial IFRS5B 2 1 1 1



Kuwait Non-Financial IFRS8C 2 2 2 2







Kuwait Non-Financial

Total 30 19 19 20

Kuwait

Total 90 53 54 55

Oman Financial IFRS1 2 - 1 -

Oman Financial IFRS2 2 - - -



Oman Financial IFRS5A 2 2 2 2

Oman Financial IFRS5B 2 - - -

224




Oman Financial IFRS7 2 2 1 1

Oman Financial IFRS8C 2 1 1 1







Oman Financial Total 30 12 12 11

Oman Insurance IFRS1 1 - - -



Oman Insurance IFRS4 1 1 1 1

Oman Insurance IFRS5A 1 1 1 1

Oman Insurance IFRS5B 1 - - -



Oman Insurance IFRS8C 1 1 1 1

Oman Insurance IFRS9 1 1 1 1

Oman Insurance IFRS10 1 - 1 1





Oman Insurance Total 15 4 7 7

Oman Non-Financial IFRS1 3 - - -

Oman Non-Financial IFRS2 3 1 - -

Oman Non-Financial IFRS3 3 1 1 1


Oman Non-Financial IFRS5A 3 3 3 3

Oman Non-Financial IFRS5B 3 - - -



Oman Non-Financial IFRS8C 3 3 3 3






225




Oman Non-Financial

Total 45 21 20 20

Oman Total 90 37 39 38

Pakistan Non-Financial IFRS1 3 2 1 1



Pakistan Non-Financial IFRS4 3 - - -

Pakistan Non-Financial IFRS5A 3 3 3 3

Pakistan Non-Financial IFRS5B 3 - - -



Pakistan Non-Financial IFRS8C 3 3 3 3







Pakistan Non-Financial

Total 45 29 26 23

Pakistan

Total 45 29 26 23

Qatar Financial IFRS1 1 - - -


Qatar Financial IFRS3 1 1 1 1


Qatar Financial IFRS5A 1 1 1 1

Qatar Financial IFRS5B 1 - - -



Qatar Financial IFRS8C 1 1 1 1







Qatar Financial Total 15 9 9 9

Qatar Insurance IFRS1 1 - - -



226



Qatar Insurance IFRS4 1 1 1 1

Qatar Insurance IFRS5A 1 1 1 1

Qatar Insurance IFRS5B 1 - - -



Qatar Insurance IFRS8C 1 1 1 1





Qatar Insurance IFRS13 1 1 1 -


Qatar Insurance Total 15 8 8 7

Qatar Non-Financial IFRS1 4 1 1 -

Qatar Non-Financial IFRS2 4 1 1 1

Qatar Non-Financial IFRS3 4 - - -


Qatar Non-Financial IFRS5A 4 3 3 2

Qatar Non-Financial IFRS5B 4 1 1 1



Qatar Non-Financial IFRS8C 4 3 3 2







Qatar Non-Financial

Total 60 27 27 16

Qatar Total 90 44 44 32

Saudi

Arabia Financial IFRS1 2 1 1 1

Saudi

Arabia Financial IFRS2 2 - - -

Saudi


Saudi


Saudi

Arabia Financial IFRS5A 2 2 2 2

Saudi

Arabia Financial IFRS5B 2 - - -

Saudi


227



Saudi


Saudi

Arabia Financial IFRS8C 2 2 2 2

Saudi


Saudi


Saudi


Saudi


Saudi


Saudi


Saudi

Arabia Financial Total 30 15 12 12

Saudi

Arabia Insurance IFRS1 2 - - -

Saudi


Saudi


Saudi


Saudi

Arabia Insurance IFRS5A 2 1 1 1

Saudi

Arabia Insurance IFRS5B 2 - - -

Saudi


Saudi

Arabia Insurance IFRS7 2 1 1 1

Saudi

Arabia Insurance IFRS8C 2 1 1 1

Saudi


Saudi


Saudi


Saudi


Saudi

Arabia Insurance IFRS13 2 1 1 1

Saudi


Saudi

Arabia Insurance Total 30 4 4 4

Saudi

Arabia Non-Financial IFRS1 2 - - -

Saudi


Saudi


Saudi


Saudi

Arabia Non-Financial IFRS5A 2 2 2 2

Saudi

Arabia Non-Financial IFRS5B 2 - - -

228



Saudi


Saudi


Saudi

Arabia Non-Financial IFRS8C 2 - - -

Saudi


Saudi


Saudi

Arabia Non-Financial IFRS11 2 2 2 2

Saudi


Saudi


Saudi


Saudi

Arabia

Non-Financial

Total 30 4 4 4

Saudi

Arabia

Total

90 23 20 20

South

Korea Financial IFRS1 1 - - -

South


South


South


South

Korea Financial IFRS5A 1 1 1 1

South

Korea Financial IFRS5B 1 - - -

South


South

Korea Financial IFRS7 1 1 1 1

South

Korea Financial IFRS8C 1 1 1 1

South


South


South


South


South


South


South

Korea Financial Total 15 7 7 7

South

Korea Insurance IFRS1 3 - - -

South

Korea Insurance IFRS2 3 1 1 1

South


229



South


South

Korea Insurance IFRS5A 3 3 3 3

South

Korea Insurance IFRS5B 3 - - -

South


South


South

Korea Insurance IFRS8C 3 3 3 3

South


South


South


South


South


South


South

Korea Insurance Total 45 19 19 19

South

Korea Non-Financial IFRS1 2 - - -

South


South


South


South

Korea Non-Financial IFRS5A 2 2 2 2

South

Korea Non-Financial IFRS5B 2 - - -

South


South

Korea Non-Financial IFRS7 2 2 2 2

South

Korea Non-Financial IFRS8C 2 2 2 2

South


South


South


South


South


South


South

Korea

Non-Financial

Total 30 13 13 13

South

Korea Total 90 39 39 39

UAE Financial IFRS1 2 - 1 -

230



UAE Financial IFRS2 2 1 1 1

UAE Financial IFRS3 2 - - 1


UAE Financial IFRS5A 2 2 2 2

UAE Financial IFRS5B 2 - - -

UAE Financial IFRS6 2 - - -


UAE Financial IFRS8C 2 2 2 2






UAE Financial IFRS14 2 - - -

UAE Financial Total 30 18 19 19

UAE Insurance IFRS1 2 1 1 1

UAE Insurance IFRS2 2 1 - -

UAE Insurance IFRS3 2 1 - 1


UAE Insurance IFRS5A 2 2 2 2

UAE Insurance IFRS5B 2 - - -

UAE Insurance IFRS6 2 - - -


UAE Insurance IFRS8C 2 2 2 2






UAE Insurance IFRS14 2 - - -

UAE Insurance Total 30 18 17 20

UAE Non-Financial IFRS1 2 2 2 2



UAE Non-Financial IFRS4 2 - - -

UAE Non-Financial IFRS5A 2 2 2 2

UAE Non-Financial IFRS5B 2 - - -



UAE Non-Financial IFRS8C 2 2 2 2

231









UAE Non-Financial

Total 30 21 21 21

UAE Total 90 57 57 60

TOTAL 750 380 372 358

232

3.11 Disclosure of IFRS Components by Industry and Country

Table 25 - Disclosure of IFRS Components by Industry and Country

INDUSTRY COUNTRY IFRS

NO. OF

COMPANIE

S

YR2013 YR2012 YR2011

Financial Bahrain IFRS1 2 - 1 -

Financial Bahrain IFRS2 2 - - -

Financial Bahrain IFRS3 2 2 2 2


Financial Bahrain IFRS5A 2 1 1 1

Financial Bahrain IFRS5B 2 - - -



Financial Bahrain IFRS8C 2 2 2 2







Financial Bahrain Total 30 19 20 19

Financial Japan IFRS1 1 - - -

Financial Japan IFRS2 1 1 1 1



Financial Japan IFRS5A 1 1 1 1

Financial Japan IFRS5B 1 - - -



Financial Japan IFRS8C 1 1 1 1







Financial Japan Total 15 8 8 8

Financial Kuwait IFRS1 3 - - -

Financial Kuwait IFRS2 3 2 2 2


233


NO. OF

COMPANIE

S

YR2013 YR2012 YR2011


Financial Kuwait IFRS5A 3 3 3 3

Financial Kuwait IFRS5B 3 1 1 1



Financial Kuwait IFRS8C 3 3 3 3







Financial Kuwait Total 45 24 25 25

Financial Oman IFRS1 2 - 1 -

Financial Oman IFRS2 2 - - -



Financial Oman IFRS5A 2 2 2 2

Financial Oman IFRS5B 2 - - -


Financial Oman IFRS7 2 2 1 1

Financial Oman IFRS8C 2 1 1 1







Financial Oman Total 30 12 12 11

Financial Qatar IFRS1 1 - - -


Financial Qatar IFRS3 1 1 1 1


Financial Qatar IFRS5A 1 1 1 1

Financial Qatar IFRS5B 1 - - -



Financial Qatar IFRS8C 1 1 1 1



234


NO. OF

COMPANIE

S

YR2013 YR2012 YR2011





Financial Qatar Total 15 9 9 9

Financial Saudi Arabia IFRS1 2 1 1 1

Financial Saudi Arabia IFRS2 2 - - -



Financial Saudi Arabia IFRS5A 2 2 2 2

Financial Saudi Arabia IFRS5B 2 - - -



Financial Saudi Arabia IFRS8C 2 2 2 2







Financial Saudi Arabia

Total 30 15 12 12

Financial South Korea IFRS1 1 - - -




Financial South Korea IFRS5A 1 1 1 1

Financial South Korea IFRS5B 1 - - -


Financial South Korea IFRS7 1 1 1 1

Financial South Korea IFRS8C 1 1 1 1







Financial South Korea Total 15 7 7 7

Financial UAE IFRS1 2 - 1 -

Financial UAE IFRS2 2 1 1 1

235


NO. OF

COMPANIE

S

YR2013 YR2012 YR2011

Financial UAE IFRS3 2 - - 1


Financial UAE IFRS5A 2 2 2 2

Financial UAE IFRS5B 2 - - -

Financial UAE IFRS6 2 - - -


Financial UAE IFRS8C 2 2 2 2






Financial UAE IFRS14 2 - - -

Financial UAE Total 30 18 19 19

Financial

Total 210 112 112 110

Insurance Bahrain IFRS1 1 1 1 -

Insurance Bahrain IFRS2 1 - - -

Insurance Bahrain IFRS3 1 1 1 1


Insurance Bahrain IFRS5A 1 1 1 1

Insurance Bahrain IFRS5B 1 - - -



Insurance Bahrain IFRS8C 1 1 1 1







Insurance Bahrain Total 15 11 11 10

Insurance Kuwait IFRS1 1 - - -

Insurance Kuwait IFRS2 1 1 1 1

Insurance Kuwait IFRS3 1 - - 1


Insurance Kuwait IFRS5A 1 1 1 1

Insurance Kuwait IFRS5B 1 - - -



236


NO. OF

COMPANIE

S

YR2013 YR2012 YR2011

Insurance Kuwait IFRS8C 1 1 1 1



Insurance Kuwait IFRS11 1 1 1 -




Insurance Kuwait Total 15 10 10 10

Insurance Oman IFRS1 1 - - -



Insurance Oman IFRS4 1 1 1 1

Insurance Oman IFRS5A 1 1 1 1

Insurance Oman IFRS5B 1 - - -



Insurance Oman IFRS8C 1 1 1 1

Insurance Oman IFRS9 1 1 1 1

Insurance Oman IFRS10 1 - 1 1





Insurance Oman Total 15 4 7 7

Insurance Qatar IFRS1 1 - - -



Insurance Qatar IFRS4 1 1 1 1

Insurance Qatar IFRS5A 1 1 1 1

Insurance Qatar IFRS5B 1 - - -



Insurance Qatar IFRS8C 1 1 1 1





Insurance Qatar IFRS13 1 1 1 -


Insurance Qatar Total 15 8 8 7

237


NO. OF

COMPANIE

S

YR2013 YR2012 YR2011

Insurance Saudi Arabia IFRS1 2 - - -




Insurance Saudi Arabia IFRS5A 2 1 1 1

Insurance Saudi Arabia IFRS5B 2 - - -


Insurance Saudi Arabia IFRS7 2 1 1 1

Insurance Saudi Arabia IFRS8C 2 1 1 1





Insurance Saudi Arabia IFRS13 2 1 1 1


Insurance Saudi Arabia

Total 30 4 4 4

Insurance South Korea IFRS1 3 - - -

Insurance South Korea IFRS2 3 1 1 1



Insurance South Korea IFRS5A 3 3 3 3

Insurance South Korea IFRS5B 3 - - -



Insurance South Korea IFRS8C 3 3 3 3







Insurance South Korea Total 45 19 19 19

Insurance UAE IFRS1 2 1 1 1

Insurance UAE IFRS2 2 1 - -

Insurance UAE IFRS3 2 1 - 1


Insurance UAE IFRS5A 2 2 2 2

Insurance UAE IFRS5B 2 - - -

Insurance UAE IFRS6 2 - - -

238


NO. OF

COMPANIE

S

YR2013 YR2012 YR2011


Insurance UAE IFRS8C 2 2 2 2






Insurance UAE IFRS14 2 - - -

Insurance UAE Total 30 18 17 20

Insurance

Total 165 74 76 77

Non-


Non-


Non-


Non-


Non-

Financial Bahrain IFRS5A 3 3 3 3

Non-

Financial Bahrain IFRS5B 3 2 2 2

Non-


Non-


Non-

Financial Bahrain IFRS8C 3 3 3 3

Non-


Non-


Non-


Non-


Non-


Non-


Non-

Financial Bahrain Total 45 29 29 29

Non-

Financial India IFRS1 2 1 1 1

Non-

Financial India IFRS2 2 - - -

Non-


Non-


239


NO. OF

COMPANIE

S

YR2013 YR2012 YR2011

Non-

Financial India IFRS5A 2 2 2 2

Non-

Financial India IFRS5B 2 - - -

Non-


Non-


Non-

Financial India IFRS8C 2 2 2 2

Non-


Non-


Non-


Non-


Non-


Non-


Non-

Financial India Total 30 15 15 15

Non-


Non-


Non-


Non-


Non-

Financial Japan IFRS5A 2 2 1 1

Non-

Financial Japan IFRS5B 2 - - -

Non-


Non-


Non-

Financial Japa

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