The IASB has issued Annual Improvements to IFRS Standards 2015–2017 Cycle, which makes narrow-scope amendments to four IFRS Standards. The amendments made during the 2015–2017 cycle regard the IAS 12 Income Taxes, the IAS 23 Borrowing Costs, the IFRS 3 Business Combination and the IFRS 11 Joint Arrangements.

The amendments are effective from 1 January 2019, with early application permitted.

For more information, please refer to the IASB website.