Deegan5e Sm Ch24

8/20/2019 Deegan5e Sm Ch24

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PART 7: OTHER DISCLOSURE ISSUES

Chapter 24

Events occurring after balance sheet date

24.1 Paragraph 2 of AASB 110 stats:

E!"ts aftr th rport#"g $at ar thos !"ts% fa!o&ra'( a"$ &"fa!o&ra'(% thato))&r 't*" th rport#"g $at a"$ th $at *h" th f#"a")#a( rport #s a&thor#s$for #ss&. T*o t+ps of !"ts )a" ' #$"t#f#$:,a- thos that pro!#$ !#$") of )o"$#t#o"s that #st$ at th rport#"g $at

,a$/&st#"g !"ts aftr th rport#"g $at- a"$,'- thos that ar #"$#)at#! of )o"$#t#o"s that aros aftr th rport#"g $at ,"o"

a$/&st#"g !"ts aftr th rport#"g $at-.

As )a" ' s" fro th a'o!% AASB 110 rfrs to 3a$/&st#"g !"ts a"$ 3"o"a$/&st#"g!"ts. A" a$/&st#"g !"t ,*h#)h has a(so '" )oo"(+ rfrr$ to as a T+p 1 !"t- #so" that pro!#$s a$$#t#o"a( !#$") of% or f&rthr (&)#$ats% a )o"$#t#o" *h#)h #st$ as atth rport#"g $at. It *o&($ ' r)og"#s$ #" th f#"a")#a( stat"ts #thr '+ '#"g 'ro&ghtto a))o&"t5#f #t r(ats to a" #t *h#)h *o&($ #ts(f ' 'ro&ght to a))o&"t5or '+ '#"g#")(&$$ '+ *a+ of a "ot5#f #t r(ats to a" #t *h#)h *o&($ &s&a((+ ' r)og"#s$ o"(+ '+*a+ of a "ot5s&)h as a )o"t#"g"t (#a'#(#t+. As paragraph 6 of AASB 110 stats:

A" "t#t+ sha(( a$/&st th ao&"ts r)og"#s$ #" #ts f#"a")#a( stat"ts to rf()ta$/&st#"g !"ts aftr th rport#"g $at.

A "o"a$/&st#"g !"t ,*h#)h has )oo"(+ '" rfrr$ to as a t+p 2 !"t- #s a" !"tthat o))&rr$ aftr th rport#"g $at% a"$ thrfor )rats a "* )o"$#t#o". Th f#"a")#a(stat"ts ths(!s *o&($ "ot ' a$/&st$ ,&"(ss th s&'s&"t !"t #"$#)ats that th"t#t+ #s "o (o"gr a go#"g )o")r"-% '&t "ot $#s)(os&r )o&($ ' r&#r$ $p"$#"g &po"th atr#a(#t+ of th !"t. As paragraph 10 of AASB 110 stats:

A" "t#t+ sha(( "ot a$/&st th ao&"ts r)og"#s$ #" #ts f#"a")#a( stat"ts torf()t "o"a$/&st#"g !"ts aftr th rport#"g $at.

I" r(at#o" to th "ot $#s)(os&rs r&#r$ '+ AASB 110 #" r(at#o" to "o"a$/&st#"g !"ts% paragraph 21 of AASB 110 stats:

If "o"a$/&st#"g !"ts aftr th rport#"g $at ar atr#a(% "o"$#s)(os&r )o&($#"f(&") th )o"o#) $)#s#o"s of &srs ta8" o" th 'as#s of th f#"a")#a( rport.A))or$#"g(+% a" "t#t+ sha(( $#s)(os th fo((o*#"g for a)h atr#a( )atgor+ of "o"a$/&st#"g !"t aftr th rport#"g $at:,a- th "at&r of th !"t a"$,'- a" st#at of #ts f#"a")#a( ff)t% or a stat"t that s&)h a" st#at )a""ot

' a$.

24.2 S&)h a" !"t *o&($ ' a "o"a$/&st#"g ,or t+p 2- !"t. 9o"a$/&st#"g !"ts sho&($ '$#s)(os$ #" th "ots to th f#"a")#a( stat"ts *#th a $s)r#pt#o" of th !"t% a"$ *hr

poss#'(% th f#"a")#a( ff)t of th !"t. B)a&s "o"a$/&st#"g !"ts $o "ot r(at to a"+)o"$#t#o"s #st#"g at rport#"g $at% #t *o&($ ' #"appropr#at to a$/&st th 'a(a") sht,*h#)h pro!#$s th f#"a")#a( pos#t#o" as at rport#"g $at-% or th #")o stat"t ,*h#)h

So(&t#o"s a"&a( t;a Australian Financial Accounting <; '+ Cra#g Dga" 24=1



pro!#$s th prof#t or (oss for a pr#o$ of t# to rport#"g $at-. Ho*!r% #t sho&($ 'strss$ that o" )pt#o" to th#s r&( r(ats to !"ts that 'r#"g #"to &st#o" th go#"g)o")r" ass&pt#o" of th "t#t+. If soth#"g happ"s aftr rport#"g $at *h#)h )a&ss th"t#t+ to "o (o"gr appar to ' a go#"g )o")r"% th" paragraph 14 of AASB 110 r&#rsthat th f#"a")#a( stat"ts ' a$/&st$. Paragraph 1< stats:

Dtr#orat#o" #" oprat#"g rs&(ts a"$ f#"a")#a( pos#t#o" aftr th rport#"g $ata+ #"$#)at a "$ to )o"s#$r *hthr th go#"g )o")r" ass&pt#o" #s st#((appropr#at. If th go#"g )o")r" ass&pt#o" #s "o (o"gr appropr#at% th ff)t #sso pr!as#! that th#s Sta"$ar$ r&#rs a f&"$a"ta( )ha"g #" th 'as#s of a))o&"t#"g% rathr tha" a" a$/&st"t to th ao&"ts r)og"#s$ *#th#" thor#g#"a( 'as#s of a))o&"t#"g.

E!" tho&gh "o"a$/&st#"g !"ts $o "ot r(at to th f#"a")#a( pr#o$ #" &st#o"% #t *o&($ ' #"appropr#at a"$ #s(a$#"g "ot to a$!#s f#"a")#a( rport ra$rs of atr#a( #"forat#o"that has )o to (#ght #" th pr#o$ s#") rport#"g $at% '&t pr#or to th $at *h" thf#"a")#a( rports ar a&thor#s$ for #ss&. O#ss#o" of s&)h #"forat#o" a+% #f )o"s#$r$

atr#a(% )a&s th to a8 rso&r) a((o)at#o" $)#s#o"s that th+ a+ "ot ha! othr*#sa$.

It sho&($ a(so ' "ot$ that S)t#o" 2>> of th Corporations Act r&#rs th $#r)tors to pro!#$ #"forat#o" a'o&t s#g"#f#)a"t aftr'a(a")$at !"ts *#th#" th#r D#r)tors Rport.

24.? ,a- To th t"t that th#s $os "ot #pa)t th ass&pt#o" that th "t#t+ #s a go#"g)o")r" th" th#s #s a "o"a$/&st#"g !"t *h#)h sho&($ ' $#s)(os$ '+ *a+ of a "otto th f#"a")#a( stat"ts. If th !"t #s of s&)h ag"#t&$ that th go#"g )o")r"

'as#s of !a(&at#o" #s "o (o"gr appropr#at th" )o"s#st"t *#th paragraph 14 of AASB 110% a$/&st"ts *o&($ ' a$ $#r)t(+ to th f#"a")#a( stat"ts.

,'- To th t"t that th "* #"forat#o" pro!#$s f&rthr #"forat#o" a'o&t a )o"$#t#o"that #st$ at rport#"g $at ,'#"g that th $'t *as $o&'tf&(- th" th a))o&"tssho&($ ' a$/&st$ to rf()t th fa)t that th $'t #s #" $o&'t. That #s% #t #s a"a$/&st#"g ,or t+p 1- !"t. I" r(at#o" to th#s ap(% tr"a( a&$#tors t+p#)a((+r!#* r)#pts s&'s&"t to rport#"g $at% or sar)h for #"forat#o" a'o&ts&'s&"t )&stor fa#(&rs% to $tr#" *hthr )(os#"g pro!#s#o"s for $o&'tf&($'ts appar a$&at. Aga#"% * *o&($ "$ to )o"s#$r *hthr th !"t #pa)tsth go#"g )o")r" ass&pt#o".

,)- Th#s #s a "o"a$/&st#"g ,t+p 2- !"t *h#)h sho&($ ' $o)&"t$ #" th "ots to tha))o&"ts to th t"t that #t #s atr#a(.

,$- Th#s #s a" a$/&st#"g !"t *h#)h pro!#$s #"forat#o" a'o&t a $'t *h#)h ha$ '"#")&rr$ pr#or to rport#"g $at% a"$ a$/&st"t to th a))o&"ts *#(( ' r&#r$.

,- Pr#or to th r(as of AASB 110% *#th#" A&stra(#a th f#"a( $#!#$"$ *o&($ "ora((+ha! '" #")(&$$ *#th#" th ?0 @&" f#"a")#a( stat"ts !" tho&gh #t *as "ot$)(ar$ &"t#( aftr th rport#"g $at. Th#s s#t&at#o" has "o* )ha"g$. As paragraph12 of AASB 110 stats:

If a" "t#t+ $)(ars $#!#$"$s to ho($rs of &#t+ #"str&"ts ,as $f#"$ #"AASB 1?2 3#"a")#a( I"str&"ts: D#s)(os&r a"$ Prs"tat#o"- aftr th

rport#"g $at% th "t#t+ sha(( "ot r)og"#s thos $#!#$"$s as a (#a'#(#t+ atth rport#"g $at.




24.4 *#(( )o"s#$r a)h of th !"ts *h#)h ha! '" $#s)(os$ '+ th $#r)tors of Ptro(L##t$ to $)#$ *hthr th+ ar a$/&st#"g or "o"a$/&st#"g !"ts. It #s ass&$ that th#"forat#o" has )o to (#ght pr#or to th f#"a")#a( stat"ts '#"g a&thor#s$ for #ss&.

,a- O" ?0 A&g&st 2006% th pr#) of )r&$ o#( f(( '+ 1? fo((o*#"g a t#"g of OPEC"at#o"s. Th fa(( #" pr#) a+ aff)t th !a(&at#o" of sto)8 o" ha"$ at ?0 @&" 2006.

Th !a(&at#o" sho&($ ' at th (o*r of )ost a"$ "t ra(#sa'( !a(& as pr AASB102. Th&s% #f "t ra(#sa'( !a(& #s r$&)$ as th s((#"g pr#) fa((s% th" sto)8 !a(&at#o" a+ "$ to ' r$&)$.

Th r$&)t#o" #" !a(& *#((% ho*!r% o"(+ app(+ to sto)8 o" ha"$ at ?0 A&g&st 2006*h#)h *as o" ha"$ as at ?0 @&" 2006.

I" a$$#t#o" a "ot $#s)(os#"g th pra""t $##"&t#o" #" sa(s pr#)s a+ 'r&#r$.

,'- Th s#"8#"g of th o#( ta"8r o" < @&(+ 2006 *o&($ ' a "o"a$/&st#"g !"t as #t $os

"ot pro!#$ a"+ a$$#t#o"a( !#$") or r!a( )o"$#t#o"s #st#"g at th rport#"g $at.

Th&s% th ta"8rs "t 'oo8 !a(& of 1< 000 000 a"$ sto)8 of 2 000 000 (ost *#(( '$#s)(os$ '+ *a+ of a "ot. I" a$$#t#o"% th poss#'( (#t#gat#o" )(a# '+ o+str farrsfor <0 000 000 sho&($ ' $#s)(os$ as a )o"t#"g"t (#a'#(#t+.

Th pro!#s#o" *h#)h th )opa"+ #s )arr+#"g for poss#'( )(a"&p )osts of 12 000 000 appars to ' #"s&ff#)#"t g#!" th #"#t#a( st#at#o" of 14 000 000. Asa rs&(t% #" th#s part#)&(ar )as th !"t *o&($ ' g#!#"g &s a$$#t#o"a( !#$") of )o"$#t#o"s #st#"g at rport#"g $at. Th&s% #t *o&($ ' appropr#at to a$/&st th

pro!#s#o" to 14 000 000. So a+% ho*!r% arg& that thr #s "ot a s&ff#)#"t

)o"")t#o" 't*" th !"t a"$ th sta'(#sh$ pro!#s#o".

,)- Pr#or to th r(as of AASB 110% *#th#" A&stra(#a th f#"a( $#!#$"$ *o&($ "ora((+ ' #")(&$$ *#th#" th ?0 @&" f#"a")#a( stat"ts !" tho&gh #t *as "ot $)(ar$&"t#( aftr th rport#"g $at. Th#s s#t&at#o" has "o* )ha"g$. As paragraph 12 of AASB 110 stats:

If a" "t#t+ $)(ars $#!#$"$s to ho($rs of &#t+ #"str&"ts ,as $f#"$ #"AASB 1?2 3#"a")#a( I"str&"ts: D#s)(os&r a"$ Prs"tat#o"- aftr thrport#"g $at% th "t#t+ sha(( "ot r)og"#s thos $#!#$"$s as a (#a'#(#t+ at thrport#"g $at.

Th a'o! r&#r"t #s f&rthr p(a#"$ #" paragraph 1?.

If $#!#$"$s ar $)(ar$ ,#.. th $#!#$"$s ar appropr#at(+ a&thor#s$ a"$ "o(o"gr at th $#s)rt#o" of th "t#t+- aftr th rport#"g $at '&t 'for thf#"a")#a( rport #s a&thor#s$ for #ss&% th $#!#$"$s ar "ot r)og"#s$ as a(#a'#(#t+ at th rport#"g $at ')a&s th+ $o "ot t th )r#tr#a of a prs"to'(#gat#o" #" AASB 1?7. S&)h $#!#$"$s ar $#s)(os$ #" th "ots #" th f#"a")#a(rport #" a))or$a") *#th AASB 101 3Prs"tat#o" of #"a")#a( Stat"ts.

,$- O" 1 @&(+ 2006 th )opa"+ r)#!$ "ot#) fro th A&stra(#a" Taat#o" Off#) a"$a$!#) fro #ts ta a$!#srs that th pro!#s#o" for ta *as #"a$&at. Th&s% * ha!

a$$#t#o"a( !#$") of a )o"$#t#o" *h#)h #st$ at th rport#"g $at a"$% thrfor%th#s *#(( ' a" a$/&st#"g !"t. Th a$/&st"t sho&($ ' sparat(+ sho*" g#!" #tss# a"$ ff)t o" th prof#t or (oss of th "t#t+.

So(&t#o"s a"&a( t;a Australian Financial Accounting <; '+ Cra#g Dga" 24=?



,- Th a"ag#"g $#r)tor *as tr#"at$ #" a+ 2006. H )o")$ (ga( a)t#o" #"A&g&st 2006. &st $)#$ #f th )o"$#t#o" #st$ at th rport#"g $at. Th !"t*h#)h tr#ggr$ th )(a# *as th sa)8#"g #" a+ ho*!r% #t )o&($ ' arg&$ thatth !"t #s th (o$g"t of th )(a#. Th so(#)#tors '(#! that th )(a# #s (#8(+to ' stt($ for 2 #((#o". Thrfor% #t *o&($ ' appropr#at to a$/&st th a))o&"ts

a"$ )rat a pro!#s#o".

A )o"t#"g"t (#a'#(#t+ *o&($ ' r)og"#s$ #" rsp)t of th ra#"#"g 2 000 000.

,f- "$ to sta'(#sh *hthr thr *r )o"$#t#o"s #st#"g at th rport#"g $at. Th#"#t#a( $#s)&ss#o"s *r h($ at 'oar$ t#"gs a"$ a $)#s#o" ha$ '" a$% s&'/)tto a fas#'#(#t+ st&$+% pr#or to ?0 @&" 2006. I" a$$#t#o" th fas#'#(#t+ st&$+ *as $at$1< @&" 2006 a"$ so proprt+% p(a"t a"$ &#p"t ha$ '" p(a)$ o" th ar8t.

Th $)#s#o" *as "ot fora((+ a$ &"t#( A&g&st 2006. or th )o"$#t#o"s to #stthr &st ha! '" a" #"t"t#o" to r(o)at pr#or to ?0 @&" 2006. O" th 'a(a")

of !#$") a!a#(a'( #t *o&($ appar that thr *r )o"$#t#o"s #st#"g a"$ **o&($ a$/&st for th (osss o" sa( of proprt+% p(a"t a"$ &#p"t a"$ r$&"$a")+)osts.

Ho*!r% #f * $)#$ that th )o"$#t#o" $#$ "ot #st &"t#( th A&g&st 'oar$ t#"g*h" th $)#s#o" *as a$% th" th !"ts *#(( "$ to ' $#s)(os$ '+ *a+ of a"ot.

24.< ,a- Th /&$g"t sta'(#shs $f#"#t#!(+ a )(a# *h#)h *as #" #st") at ?0 @&"2006% '&t of &")rta#" ao&"t. Thrfor% th ao&"t #s a" a$/&st#"g !"t *h#)hsho&($ ' 'ro&ght to a))o&"t #" th 'o$+ of th f#"a")#a( stat"ts.

,'- I" a))or$a") *#th AASB 110% th )ha"g #" ta rat #s a" a$/&st#"g !"t that *o&($r&#r a$/&st"t to th a))o&"ts ,#.. th a))o&"ts sho&($ ' prpar$ &s#"g th42 ta rat-.

,)- Th#s f#r fa((s #"to th "o"a$/&st#"g )atgor+ of !"ts5that #s% )rat#"g "*)o"$#t#o"s% "ot pr!#o&s(+ #st#"g at rport#"g $at. Th#s !"t sho&($ ' $#s)(os$

'+ *a+ of a "ot to th t"t #t #s atr#a(.

,$- Th#s !"t appars to ' a" a$/&st#"g !"t% r&#r#"g a$/&st"t to th a))o&"ts.

,- Th#s !"t *o&($ pro'a'(+ )(ass#f+ as a "o"a$/&st#"g !"t% r&#r#"g $#s)(os&r #"th "ots to th f#"a")#a( stat"ts.

24.F ,a- Pr#or to th r(as of AASB 110% $#!#$"$s r)o"$$ aftr rport#"g $at *r#")(&$$ #" th f#"a")#a( stat"ts !" tho&gh th $)(arat#o" *as a$ aftr rport#"g $at. Th#s #s "o (o"gr th )as. Paragraph 12 of AASB 110 "o* r&#rs:

If a" "t#t+ $)(ars $#!#$"$s to ho($rs of &#t+ #"str&"ts ,as $f#"$ #"AASB 1?2 3#"a")#a( I"str&"ts: D#s)(os&r a"$ Prs"tat#o"- aftr thrport#"g $at% th "t#t+ sha(( "ot r)og"#s thos $#!#$"$s as a (#a'#(#t+ at thrport#"g $at.

E!" tho&gh th f#"a")#a( stat"ts *o&($ "ot #")orporat th $#!#$"$s% $#s)(os&r#" th "ots to th f#"a")#a( stat"ts *o&($ ' r&#r$.




,'- Th#s *o&($ ' )o"s#$r$ to ' a" a$/&st#"g !"t r&#r#"g a$/&st"ts to thf#"a")#a( stat"ts. At ?0 @&" 2006 th f#"a")#a( stat"ts sho&($ #")(&$ a

pro!#s#o" to )o!r th )osts asso)#at$ *#th th #"t"$$ )(os&r of th $#!#s#o". Tha)t&a( )osts #")&rr$ (&)#$at a )o"$#t#o" that #st$ at rport#"g $at.

,)- Th#s #s a T+p 2 !"t that sho&($ ' $#s)(os$ #" th "ots to th f#"a")#a( stat"ts.

,$- Th#s *o&($ pro'a'(+ ' )o"s#$r$ to ' a" a$/&st#"g !"t ")ss#tat#"g a$/&st"tsto th f#"a")#a( stat"ts. At rport#"g $at thr *o&($ ha! '" so $o&'ta'o&t th a'#(#t+ of th E)or#"$(+ L#s&r Copa"+ to pa+ #ts $'ts. Th#"forat#o" a'o&t th #"so(!")+ (&)#$ats a )o"$#t#o" that #st$ at rport#"g $at.Th ao&"t of F00 000 *o&($ ' trat$ as a 'a$ $'t p"s. A"othr #ss& that*arra"ts )o"s#$rat#o" #s *hthr th #"so(!")+ of E)or#"$(+ L#s&r Copa"+*#(( #pa)t th app(#)a'#(#t+ of th go#"g)o")r" ass&pt#o" of Lo'o8 Lt$. If th(oss of th#s a/or )&stor #s (#8(+ to aff)t *hthr or "ot Lo'o8 #s a go#"g)o")r"% th" th 'as#s of !a(&at#o" of th f#"a")#a( stat"t *o&($ "$ to 'a$/&st$.

,- Th#s *o&($ ' trat$ as a" a$/&st#"g !"t% a"$ th f#"a")#a( stat"ts sho&($ 'a$/&st$ a))or$#"g(+. At rport#"g $at Lo'o8 Lt$ ha$ a )(a# aga#"st th s&pp(#r.Th o&tof)o&rt stt("t )(ar#f#s th !a(& of th )(a#.

24.7 ,a- Th rassss"t of th "t#t+ as "ot '#"g a go#"g )o")r" *o&($ ' )o"s#$r$ to ' a" a$/&st#"g !"t. Th#s #s th )as !" tho&gh th !"ts rspo"s#'( for thrassss"t o))&rr$ aftr th rport#"g $at ,'&t 'for th $at th f#"a")#a(stat"ts *r a&thor#s$ for #ss&-.

,'- As paragraph 12 of AASB 110 stats:

A" "t#t+ sha(( "ot prpar #ts f#"a")#a( rport o" a go#"g )o")r" 'as#s #f a"ag"t $tr#"s aftr th rport#"g $at #thr that #t #"t"$s to(#&#$at th "t#t+ or to )as tra$#"g% or that #t has "o ra(#st#) a(tr"at#! '&tto $o so.

Th#s a"s that th assts *o&($ ' !a(&$ o" a 'as#s t#$ to th (#&#$at#o" !a(& of th assts.

,)- Th trat"t r&#r$ 'for AASB 110 *as #ss&$ *as that th f#"a")#a( stat"ts*o&($ "ot ' a(tr$ #f a" !"t that thrat"$ th go#"g)o")r" ass&pt#o" of th

"t#t+ o))&rr$ aftr rport#"g $at. I" pr#")#p( th#s *o&($ appar to ' #"a))or$a") *#th th r&#r"t that th f#"a")#a( stat"ts ' prpar$ o" th 'as#sof )o"$#t#o"s that *r #" #st") at rport#"g $at. Ho*!r% #t )o&($ ' #s(a$#"gto f#"a")#a( stat"t ra$rs to r)#! rports aftr th $at th f#"a")#a( stat"tsar a&thor#s$ for #ss& that ar prpar$ o" th 'as#s of th go#"g)o")r"ass&pt#o" *h" th#s ass&pt#o" has s&'s&"t(+ pro!$ to ' #")orr)t. St&$"tssho&($ ' ")o&rag$ to )o"s#$r arg&"ts for a"$ aga#"st th a$/&st"t of thf#"a")#a( stat"ts #" s#t&at#o"s *hr th go#"g)o")r" ass&pt#o" #s #pa)t$ '+a" !"t that o))&rs aftr rport#"g $at.

24.6 ,a- Th $#s)(os&r #s th#s )as *o&($ "ot ' appropr#at. Th#s *o&($ ' a" a$/&st#"g !"t ')a&s #t r!a(s $ta#(s a'o&t a" o'(#gat#o" that #st$ at 'a(a") $at. Tho'(#gat#o" aros $& to th sa( of a tra)tor *#th a fa&(t+ 'ra8 s+st.

So(&t#o"s a"&a( t;a Australian Financial Accounting <; '+ Cra#g Dga" 24=<



,'- 9ot $#s)(os&r *o&($ ' appropr#at% '&t th#s *o&($ ' a "o"a$/&st#"g !"t as tho'(#gat#o" #s tr#ggr$ '+ a" #")#$"t that o))&rr$ aftr rport#"g $at.

,)- It *o&($ $p"$ &po" th $at th a)t#o" #s 'as$ &po". If th f#" r(at$ to a)t#o"sof th "t#t+ aftr rport#"g $at th" #t *o&($ "ot ' a" a$/&st#"g !"t. If% ho*!r%th "t#t+ #s '#"g f#"$ for a" #"fr#"g"t that o))&rr$ pr#or to rport#"g $at% th"

a" a$/&st"t to p"ss a"$ (#a'#(#t#s *o&($ ' appropr#at.

24.> ,a- 9ot $#s)(os&r o"(+ #s r&#r$% as th $#!#$"$ #s propos$ aftr rport#"g $at ,sAASB 110% paragraph 12-.

,'- 9ot $#s)(os&r o"(+ #s r&#r$% as th !"t )rats a "* )o"$#t#o" that *as "ot prs"t at rport#"g $at ,s AASB 110% paragraph 22 ,'--.

,)- A" a$/&st"t% $)ras#"g (#a'#(#t#s a"$ #"!"tor+ '+ 1< 000% #s r&#r$ ')a&s th#"!"tor+ a"$ )orrspo"$#"g (#a'#(#t+ ha$ '" r)og"#s$ at a" st#at$ ao&"t of100 000 ,s AASB 110% paragraph > ,)--.

,$- 9ot $#s)(os&r o"(+% as th !"t )rats a "* )o"$#t#o" that *as "ot prs"t atrport#"g $at ,s AASB 110% paragraph 22 ,#--.

,- 9ot $#s)(os&r o"(+% as th !"t )rats a "* )o"$#t#o" that *as "ot prs"t atrport#"g $at ,s AASB 110% paragraph 22 ,#--.

,f- A" a$/&st"t #s r&#r$ to r$&) p"ss a"$ (#a'#(#t#s '+ ?0 000% ')a&s thATO $)#s#o" r$&)s to "#( th pro'a'#(#t+ of pa+"t of a" o'(#gat#o" that #st$ atrport#"g $at.

,g- 9ot $#s)(os&r o"(+% as th )ha"g #" ta rat )o")s aftr rport#"g $at ,sAASB 110% paragraph 22 ,h--.

,h- A" a$/&st"t #s r&#r$ to #")ras p"ss a"$ (#a'#(#t#s '+ ?00 000% ')a&sth Co#tts $tr#"at#o" (&)#$ats th )opa"+s o'(#gat#o" to th CEO% *h#)h#st$ '&t )o&($ "ot ' r(#a'(+ st#at$ at rport#"g $at ,s AASB 110%

paragraph > ,$--.

So(&t#o"s a"&a( t;a Australian Financial Accounting <; '+ Cra#g Dga" 24=F

Deegan5e Sm Ch24

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Transcript of Deegan5e Sm Ch24