AASB 12 - Disclosure of Interests in Other Entities - August 2011
Reduced disclosure requirementsReduced disclosure requirements
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Reduced disclosure requirements
Aus4.6 The following do not apply to entities preparing general purpose financial statements under Australian Accounting Standards – Reduced Disclosure Requirements:
(a) paragraphs 9(a), 9(d), 9(e), 10(a)(ii), 10(b)(ii)–(iv), 11(b), 12, 13(a)(ii), 13(b), 14, 16, 18, 19, 20(b), 21(a)(ii), 21(b)(ii), 21(c), 22, 24(b), 25, 27–29, B10–B17, B25 and B26; and
(b) in paragraph 26, the text “qualitative and quantitative”.
Entities applying Australian Accounting Standards – Reduced Disclosure Requirements may elect to comply with some or all of these excluded requirements.
Aus4.7 The requirements that do not apply to entities preparing general purpose financial statements under Australian Accounting Standards – Reduced Disclosure Requirements are identified in this Standard by shading of the relevant text.