AASB 9 Financial Instruments AASB 9 incorporates 1 Jan 2017 Impact is yet to be (Dec 2010), AASB 2010-7 revised requirements for determined. Amendments to Australian the classification and Accounting Standards arising measurement of financial from AASB 9 (Dec 2010) instruments resulting from [AASB 1, 3, 4, 5, 7, 101, 102, the IASB’s project to replace IAS 39 108, 112, 118, 120, 121, 127, Financial 128, 131, 132, 136, 137, 139, Instruments: Recognition 1023 & 1038 and and Measurement Interpretations 2, 5, 10, 12, (AASB 139 Financial 19 & 127], AASB 2012-6 Instruments: Recognition Amendments to Australian and Measurement). Accounting Standards – Mandatory Effective Date of AASB 9 and Transition Disclosures [AASB 9, 2010-7, 2011-7 & AASB 2013-9 Amendments to Australian Accounting Standards – Conceptual Framework, Materiality and Financial Instruments AASB 1055 Budgetary Sets out budgetary 1 July 2014 Impact is yet to be Reporting reporting requirements for determined. not-for-profit entities within the Government Sector. AASB 2012-3 Amendments Addresses inconsistencies 1 Jan 2014 No impact. to Australian Accounting in current practice when applying the offsetting Standards Offsetting – Financial Assets and criteria in AASB 132 Financial Liabilities Financial Instruments: (Amendments to AASB 132) Presentation. NORTHERN TERRITORY AUDITOR-GENERAL’S OFFICE Notes to the Financial Statements For the year ended 30 June 2014
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 2012-6 Amendments to Australian Accounting Standards – Mandatory Effective Date of AASB 9 and Transition Disclosures [AASB 9, 2010-7, 2011-7 & AASB 2013-9 Amendments to Australian Accounting Standards – Conceptual Framework, Materiality and Financial Instruments 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 2017 Impact is yet to be determined. AASB 1055 Budgetary Reporting Sets out budgetary reporting requirements for not-for-profit entities within the Government Sector. 1 July 2014 Impact is yet to be determined. AASB 2012-3 Amendments to Australian Accounting Standards – Offsetting Financial Assets and Financial Liabilities (Amendments to AASB 132) Addresses inconsistencies in current practice when applying the offsetting criteria in AASB 132 Financial Instruments: Presentation. 1 Jan 2014 No impact. NORTHERN TERRITORY AUDITOR-GENERAL’S OFFICE Notes to the Financial Statements For the year ended 30 June 2014
Annual_Report_2013-14.docx