Other Transactions and BalancesOther Transactions and Balances

Other Transactions and Balances

Aus25.9 In respect of transactions during the reporting period between the disclosing entity and any of its subsidiaries and key management personnel, including their related parties (as referred to in (e) and (f) of the related party definition), other than transactions covered by paragraphs Aus25.4 to Aus25.8.1 or excluded by paragraph Aus25.9.3, the following details shall be disclosed:

(a) each type of transaction of different nature;

(b) the terms and conditions of each type of transaction or, where there are different categories of terms and conditions within each type, the terms and conditions of each category of transaction; and

(c) for each type of transaction or, where there are different categories within each type, each category of transaction:

(i) the names of the persons involved; and

(ii) the aggregate amount recognised.

Aus25.9.1 In respect of each aggregate amount disclosed in accordance with paragraph Aus25.9, the following details shall be disclosed:

(a) the total of amounts recognised as revenue, separately identifying where applicable the total amounts recognised as:

(i) interest revenue; and

(ii) dividend revenue;

(b) the total of amounts recognised as expense, separately identifying where applicable the total amounts recognised as:

(i) interest expense; and

(ii) write-downs of receivables and allowances made for doubtful receivables; and

(c) any further disclosures necessary to provide an understanding of the effects of the transactions on the financial statements.

Aus25.9.2 In respect of assets and liabilities at the end of the reporting period recognised in relation to transactions identified in accordance with paragraph Aus25.9, disclosure shall be made of:

(a) the total of all assets, classified into current and non-current assets and, where applicable, any allowance for doubtful receivables at the end of the reporting period; and

(b) the total of all liabilities, classified into current and non-current liabilities.

Aus25.9.3 Transactions with and amounts receivable from or payable to a key management person, including their related parties, (as referred to in (e) and (f) of the related party definition), are excluded from the requirements of paragraphs Aus25.9 to Aus25.9.2 when:

(a) they occur within a normal employee, customer or supplier relationship on terms and conditions no more favourable than those that it is reasonable to expect the entity would have adopted if dealing at arm’s length with an unrelated person;

(b) information about them does not have the potential to affect adversely decisions about the allocation of scarce resources made by users of the financial statements, or the discharge of accountability by the key management person; and