AASB 1046 - Director and Executive Disclosures by Disclosing Entities - January 2004
11Comparative Information
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11 Comparative Information
11.1 Financial information for the preceding reporting period that corresponds to the disclosures required by this Standard for the reporting period must be disclosed, except:
(a) for the disclosures in relation to specified persons required by Sections 8, 9 and 10; or
(b) where the disclosures did not apply to a specified person or a group of specified persons in the preceding reporting period.
11.1.1 When disclosure is required of the remuneration of a specified person in the reporting period (Section 7) and that person was also specified in the preceding period, then disclosure is required of the comparative remuneration of that person. In respect of a person subject to the detailed remuneration disclosures of the Standard for the first time, it is not necessary to provide comparative information.
11.1.2 Comparative information is not required for disclosures about the equity holdings of an individual (Section 8) or loans to an individual (Section 9) because the disclosures required include the balances at the beginning and the end of the reporting period and this is expected to provide sufficient information. The benefit of requiring comparative information for all irregular items is likely to be exceeded by the cost. An entity can provide additional comparative information in any situation where it considers the information would be useful.
11.1.3 In respect of the disclosures of aggregates for groups of individuals, comparative information is required to be disclosed in the financial report except for the first financial report to which this Standard applies. For example, an entity is required to include in the current reporting period’s financial report the total aggregate remuneration for specified executives that was disclosed in the preceding annual financial report, even when the persons specified in the current period differ from the prior period and comparative information is not required for any individual specified in this period. If a reporting entity became a disclosing entity during the reporting period, it would not be necessary to provide comparative information for the preceding reporting period in respect of the remuneration of specified directors or specified executives on either an individual or aggregate basis.