AASB 9 Financial AASB 9 incorporates 1 Jan 2013 NIl Instruments (Dec 2010), revised requirements AASB 2010-7 for the classification and measurement of Amendments to Australian Accounting financial instruments Standards arising from resulting from the AASB 9 (Dec 2010) IASB’s project to [AASB 1, 3, 4, 5, 7, 101, replace IAS 39 102, 108, 112, 118, 120, Financial Instruments: 121, 127, 128, 131, 132, Recognition and 136, 137, 139, 1023 & Measurement (AASB 139 1038 and Interpretations Financial 2, 5, 10, 12, 19 & 127] Instruments: Recognition and Measurement). AASB 13 Fair Value Replaces the 1 Jan 2013 Nil Measurement, AASB guidance on fair value 2011-8 Amendments to measurement in Australian Accounting existing AASB accounting literature Standards arising from AASB 13 [AASB 1, 2, 3, with a single standard. 4, 5, 7, 9, 2009-11, The Standard defines 20107, 101, 102, 108, fair value, provides 110, 116, 117, 118, 119, guidance on how to 120, 121, 128, 131, 132, determine fair value 133, 134, 136, 138, 139, and requires 140, 141, 1004, 1023 & disclosures about fair 1038 and Interpretations value measurements. 2, 4, 12, 13, 14, 17, 19, 131 & 132] AASB 2011-9 Requires entities to 1 July 2012 Nil Amendments to group items presented Australian Accounting in other Standards comprehensive – Presentation of Items of income on the basis of Other Comprehensive whether they are Income [AASB 1, 5, 7, potentially 101, 112, 120, 121, 132, reclassifiable to profit 133, 134, 1039 & 1049] or loss subsequently. Agency and Territory Items The financial statements of NTAGO include income, expenses, assets, liabilities and equity over which the NTAGO has control (Agency items). Certain items, while managed by the agency, are controlled and recorded by the Territory rather than the
AASB 9 Financial Instruments (Dec 2010), AASB 2010-7 Amendments to Australian Accounting Standards arising from AASB 9 (Dec 2010) [AASB 1, 3, 4, 5, 7, 101, 102, 108, 112, 118, 120, 121, 127, 128, 131, 132, 136, 137, 139, 1023 & 1038 and Interpretations 2, 5, 10, 12, 19 & 127] AASB 9 incorporates revised requirements for the classification and measurement of financial instruments resulting from the IASB’s project to replace IAS 39 Financial Instruments: Recognition and Measurement (AASB 139 Financial Instruments: Recognition and Measurement). 1 Jan 2013 NIl AASB 13 Fair Value Measurement, AASB 2011-8 Amendments to Australian Accounting Standards arising from AASB 13 [AASB 1, 2, 3, 4, 5, 7, 9, 2009-11, 20107, 101, 102, 108, 110, 116, 117, 118, 119, 120, 121, 128, 131, 132, 133, 134, 136, 138, 139, 140, 141, 1004, 1023 & 1038 and Interpretations 2, 4, 12, 13, 14, 17, 19, 131 & 132] Replaces the guidance on fair value measurement in existing AASB accounting literature with a single standard. The Standard defines fair value, provides guidance on how to determine fair value and requires disclosures about fair value measurements. 1 Jan 2013 Nil AASB 2011-9 Amendments to Australian Accounting Standards – Presentation of Items of Other Comprehensive Income [AASB 1, 5, 7, 101, 112, 120, 121, 132, 133, 134, 1039 & 1049] Requires entities to group items presented in other comprehensive income on the basis of whether they are potentially reclassifiable to profit or loss subsequently. 1 July 2012 Nil Agency and Territory Items The financial statements of NTAGO include income, expenses, assets, liabilities and equity over which the NTAGO has control (Agency items). Certain items, while managed by the agency, are controlled and recorded by the Territory rather than the