<pp> 51 Employee benefits expenses Employee benefits expenses include all costs related to employment, including wages and salaries, leave entitlements, redundancy payments and superannuation contributions. Financial asset A financial asset is any asset that is: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will or may be settled in the entity's own equity instruments and is: (i) a non derivative for which the entity is or may be obliged to receive a variable number of the entity's own equity instruments; or (i i) a derivative that will or may be settled than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity's own equity instruments. Financial statements Depending on the context of the sentence where the "financial statements" is used, it may include only the main financial statements (i.e. comprehensive operating statement, balance sheet, cash flow statements, and statement of changes in equity); or it may also be used to replace the old term "financial report" under the revised AASB 101 (Sept 2007), which means it may include the main financial statements and the notes. Intangible assets Intangible assets represent identifiable non monetary assets without physical substance. Interest expense Costs incurred in connection with the borrowing of funds interest expenses include interest on bank overdrafts and short-term and long-term borrowings, amortisation of discounts or premiums relating to borrowings, interest component of finance lease repayments, and the increase in financial liabilities and non employee provisions due
<pp> 51 Employee benefits expenses Employee benefits expenses include all costs related to employment, including wages and salaries, leave entitlements, redundancy payments and superannuation contributions. Financial asset A financial asset is any asset that is: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will or may be settled in the entity's own equity instruments and is: (i) a non derivative for which the entity is or may be obliged to receive a variable number of the entity's own equity instruments; or (i i) a derivative that will or may be settled than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity's own equity instruments. Financial statements Depending on the context of the sentence where the "financial statements" is used, it may include only the main financial statements (i.e. comprehensive operating statement, balance sheet, cash flow statements, and statement of changes in equity); or it may also be used to replace the old term "financial report" under the revised AASB 101 (Sept 2007), which means it may include the main financial statements and the notes. Intangible assets Intangible assets represent identifiable non monetary assets without physical substance. Interest expense Costs incurred in connection with the borrowing of funds interest expenses include interest on bank overdrafts and short-term and long-term borrowings, amortisation of discounts or premiums relating to borrowings, interest component of finance lease repayments, and the increase in financial liabilities and non employee provisions due