Changes from AASB 1048 (September 2007)Changes from AASB 1048 (September 2007)

Changes from AASB 1048 (September 2007)

The main differences between AASB 1048 (as issued in September 2007) and this version issued in September 2008 are the addition of five Interpretations based on IFRIC Interpretations to Table 1 in paragraph 9 of the Standard, and the addition of two Australian Interpretations that do not correspond to an IASB Interpretation to Table 2 in paragraph 11 of the Standard, as set out in the following table.

<table cellspacing="0" cellpadding="0" style="width:318.75pt; border-collapse:collapse"><thead><tr><td colspan="5" style="width:300.5pt; padding-right:5.75pt; padding-left:5.75pt; vertical-align:top"><h4 id="navPoint_12" style="margin-bottom:3pt"><span>Principal Additions</span><span> to Table 1</span></h4></td><td style="border-bottom:1.5pt double #000000; vertical-align:top"></td></tr><tr><td style="vertical-align:top"></td><td style="width:70.7pt; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 1.02pt 0.65pt 1.4pt; vertical-align:top"><p><span style="font-weight:bold">Interpretation</span></p><p><span style="font-size:9pt; font-style:italic">Issue Date</span></p></td><td style="width:117.2pt; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 1.02pt 0.65pt; vertical-align:top"><p><span style="font-weight:bold">Title</span></p></td><td style="width:77.2pt; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 1.02pt 0.65pt; vertical-align:top"><p><span style="font-weight:bold">Application Date </span><span>(annual reporting periods)</span></p></td><td colspan="2" style="width:38.2pt; border-top:1.5pt double #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 1.4pt 0.65pt 1.02pt; vertical-align:top"><p><span style="font-weight:bold">IFRIC or SIC</span></p></td></tr></thead><tbody><tr><td style="vertical-align:top"></td><td style="width:70.7pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 1.02pt 1.02pt 1.4pt; vertical-align:top"><p><span>2</span></p><p><span style="font-style:italic">March</span><span style="font-style:italic"> 2008</span></p><p><span>[as amended to]</span></p></td><td style="width:117.2pt; border:0.75pt solid #000000; padding:2.48pt 1.02pt 1.02pt; vertical-align:top"><p><span>Members’ Shares in Co</span><span>‑</span><span>operative Entities and Similar Instruments</span></p></td><td style="width:77.2pt; border:0.75pt solid #000000; padding:2.48pt 1.02pt 1.02pt; vertical-align:top"><p><span>(beginning)</span></p><p><span>1 January 2009</span></p></td><td colspan="2" style="width:38.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 1.4pt 1.02pt 1.02pt; vertical-align:top"><p><span>IFRIC 2</span></p></td></tr><tr><td style="vertical-align:top"></td><td style="width:70.7pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 1.02pt 1.02pt 1.4pt; vertical-align:top"><p><span>9</span></p><p><span style="font-style:italic">March</span><span style="font-style:italic"> 2008</span></p><p><span>[as amended to]</span></p></td><td style="width:117.2pt; border:0.75pt solid #000000; padding:2.48pt 1.02pt 1.02pt; vertical-align:top"><p><span>Reassessment of Embedded Derivatives</span></p></td><td style="width:77.2pt; border:0.75pt solid #000000; padding:2.48pt 1.02pt 1.02pt; vertical-align:top"><p><span>(beginning)</span></p><p><span>1 July 2009</span></p></td><td colspan="2" style="width:38.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 1.4pt 1.02pt 1.02pt; vertical-align:top"><p><span>IFRIC 9</span></p></td></tr><tr><td style="vertical-align:top"></td><td style="width:70.7pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 1.02pt 1.02pt 1.4pt; vertical-align:top"><p><span>107</span></p><p><span style="font-style:italic">March</span><span style="font-style:italic"> 2008</span></p><p><span>[as amended to]</span></p></td><td style="width:117.2pt; border:0.75pt solid #000000; padding:2.48pt 1.02pt 1.02pt; vertical-align:top"><p><span>Introduction of the Euro</span></p><p><span></span></p></td><td style="width:77.2pt; border:0.75pt solid #000000; padding:2.48pt 1.02pt 1.02pt; vertical-align:top"><p><span>(beginning)</span></p><p><span>1 July 2009</span></p></td><td colspan="2" style="width:38.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 1.4pt 1.02pt 1.02pt; vertical-align:top"><p><span>SIC-7</span></p></td></tr><tr><td style="vertical-align:top"></td><td style="width:70.7pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 1.02pt 1.02pt 1.4pt; vertical-align:top"><p><span>15</span></p><p><span style="font-style:italic">August 2008</span></p></td><td style="width:117.2pt; border:0.75pt solid #000000; padding:2.48pt 1.02pt 1.02pt; vertical-align:top"><p><span>Agreements for the Construction of Real Estate</span></p></td><td style="width:77.2pt; border:0.75pt solid #000000; padding:2.48pt 1.02pt 1.02pt; vertical-align:top"><p><span>(beginning)</span></p><p><span>1 January 2009</span></p></td><td colspan="2" style="width:38.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 1.4pt 1.02pt 1.02pt; vertical-align:top"><p><span>IFRIC 15</span></p></td></tr><tr><td style="vertical-align:top"></td><td style="width:70.7pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.48pt 1.02pt 0.65pt 1.4pt; vertical-align:top"><p><span>16</span></p><p><span style="font-style:italic">August 2008</span></p></td><td style="width:117.2pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.48pt 1.02pt 0.65pt; vertical-align:top"><p><span>Hedges of a Net Investment in a Foreign Operation</span></p></td><td style="width:77.2pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.48pt 1.02pt 0.65pt; vertical-align:top"><p><span>(beginning)</span></p><p><span>1 October 2008</span></p></td><td colspan="2" style="width:38.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.48pt 1.4pt 0.65pt 1.02pt; vertical-align:top"><p><span>IFRIC 16</span></p></td></tr></tbody><tbody><tr style="height:0pt"><td style="width:4.25pt"></td><td style="width:73.5pt"></td><td style="width:120pt"></td><td style="width:80pt"></td><td style="width:34.25pt"></td><td style="width:6.75pt"></td></tr></tbody></table>