Accounting Standard AASB 110 Events after the Reporting Period as amended
This compiled Standard applies to annual reporting periods beginning on or after 1 January 2018. It takes into account amendments up to and including 28 January 2015 and was prepared on 2 April 2015 by the staff of the Australian Accounting Standards Board (AASB).
This compilation is not a separate Accounting Standard made by the AASB. Instead, it is a representation of AASB 110 (July 2004) as amended by other Accounting Standards, which are listed in the Table below.
Table of Standards
Standard
Date made
Application date(annual reporting periods … on or after …)
Application, saving or transitional provisions
AASB 110
15 Jul 2004
(beginning) 1 Jan 2005
AASB 2007-4
30 Apr 2007
(beginning) 1 Jul 2007
see (a) below
AASB 2007-8
24 Sep 2007
(beginning) 1 Jan 2009
see (b) below
AASB 2007-10
13 Dec 2007
(beginning) 1 Jan 2009
see (b) below
AASB 2008-5
24 Jul 2008
(beginning) 1 Jan 2009
see (c) below
AASB 2008-13
18 Dec 2008
(beginning) 1 Jul 2009
see (d) below
AASB 2009-6
25 Jun 2009
(beginning) 1 Jan 2009and (ending) 30 Jun 2009
see (e) below
AASB 2009-12
15 Dec 2009
(beginning) 1 Jan 2011
see (f) below
AASB 2010-2
30 Jun 2010
(beginning) 1 Jul 2013
see (g) below
AASB 2011-8
2 Sep 2011
(beginning) 1 Jan 2013
see (h) below
AASB 2014-7
17 Dec 2014
(beginning) 1 Jan 2018
see (i) below
AASB 2015-1
21 Jan 2015
(beginning) 1 Jan 2016
see (j) below
AASB 2015-3
28 Jan 2015
(beginning) 1 Jul 2015
see (k) below
(a) Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 January 2005 but before 1 July 2007.
(b) Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 January 2005 but before 1 January 2009, provided that AASB 101 Presentation of Financial Statements (September 2007) is also applied to such periods.
(c) Entities may elect to apply this Standard, or its amendments to individual Standards, to annual reporting periods beginning on or after 1 January 2005 but before 1 January 2009.
(d) Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 January 2005 but before 1 July 2009, provided that AASB Interpretation 17 Distributions of Non-cash Assets to Owners is also applied to such periods.
(e) Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 January 2005 but before 1 January 2009, provided that AASB 101 Presentation of Financial Statements (September 2007) is also applied to such periods, and to annual reporting periods beginning on or after 1 January 2009 that end before 30 June 2009.
(f) Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 January 2005 but before 1 January 2011.
(g) Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 July 2009 but before 1 July 2013, provided that AASB 1053 Application of Tiers of Australian Accounting Standards is also applied to such periods.
(h) AASB 2011-8 has been amended by AASB 2011-10 (made 5 September 2011) and AASB 2012-6 (made 10 September 2012).
Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 January 2005 but before 1 January 2013, provided that AASB 13 Fair Value Measurement is also applied to such periods.
(i) Entities may elect to apply this Standard to annual reporting periods beginning on or after 24 July 2014 but before 1 January 2018, provided that AASB 9 Financial Instruments (2014) is also applied to such periods.
(j) Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 January 2005 but before 1 January 2016.
(k) Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 January 2014 but before 1 July 2015.
The following amendments are not shown in the above Table of Amendments:
References to ‘financial report(s)’ were amended to ‘financial statements’ by AASB 2007-8 and AASB 2007-10, except in relation to specific Corporations Act references.
References to ‘reporting date’, ‘each reporting date’ and ‘last annual reporting date’ were amended to ‘end of the reporting period’, ‘the end of each reporting period’ and ‘end of the last annual reporting period’ respectively by AASB 2007-8.
References to ‘after the end of the reporting period’ were amended to ‘after the reporting period’ by AASB 2009-12.