Companies other than financial institutions:
Listed entities
IFRSs have been mandatory for the consolidated financial statements of companies whose debt or equity securities trade in a public market for financial years ending 31 December 2010. Early adoption was permitted beginning with financial years ending 31 December 2007. Unconsolidated (separate company) financial statements follow Brazilian Generally Accepted Accounting Principles (BR GAAP), which were partially converged with IFRSs from 2008 to 2009 (‘transition period’) and since 2010 have been fully converged with IFRSs.