CTHRepealedLegislation
AASB 127 - Consolidated and Separate Financial Statements - July 2004
7Australian application guidance is added to accompany AASB 127 as follows:
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7 Australian application guidance is added to accompany AASB 127 as follows:
AUSTRALIAN APPLICATION GUIDANCE
This guidance accompanies, but is not part of, AASB 127.
Exemption from Presenting Consolidated Financial Statements
AG1 The following table summarises the circumstances in which the exemption from presenting consolidated financial statements set out in paragraphs 10-Aus10.2 of this Standard may be available to a parent entity. The exemption is available only if the requirements of those paragraphs are satisfied. For example, the exemption is not available to a parent entity if it is a disclosing entity.
<table cellspacing="0" cellpadding="0" style="width:274.65pt; margin-left:30.65pt; border:0.75pt solid #000000; border-collapse:collapse"><tbody><tr style="height:12.9pt"><td colspan="3" style="width:268.2pt; border-bottom:0.75pt solid #000000; padding-right:2.48pt; padding-left:2.48pt; vertical-align:top"><p class="BodyText" style="margin-top:1pt; margin-left:0pt; margin-bottom:1pt; line-height:normal; font-size:9pt"><span style="font-family:'Times New Roman', serif; font-weight:bold">Same type of entity</span></p></td></tr><tr style="height:12.9pt"><td style="width:133.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.48pt; padding-left:2.48pt; vertical-align:top"><p class="BodyText" style="margin-top:1pt; margin-left:0pt; margin-bottom:1pt; line-height:normal; font-size:9pt"><span style="font-family:'Times New Roman', serif">Ultimate or Intermediate Parent</span></p></td><td style="width:58.1pt; border:0.75pt solid #000000; padding-right:2.48pt; padding-left:2.48pt; vertical-align:top"><p class="BodyText" style="margin-top:1pt; margin-left:0pt; margin-bottom:1pt; line-height:normal; font-size:9pt"><span style="font-family:'Times New Roman', serif">FP</span></p></td><td style="width:65.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.48pt; padding-left:2.48pt; vertical-align:top"><p class="BodyText" style="margin-top:1pt; margin-left:0pt; margin-bottom:1pt; line-height:normal; font-size:9pt"><span style="font-family:'Times New Roman', serif">NFP</span></p></td></tr><tr style="height:12.9pt"><td style="width:133.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.48pt; padding-left:2.48pt; vertical-align:top"><p class="BodyText" style="margin-top:1pt; margin-left:0pt; margin-bottom:1pt; line-height:normal; font-size:9pt"><span style="font-family:'Times New Roman', serif">Parent</span></p></td><td style="width:58.1pt; border:0.75pt solid #000000; padding-right:2.48pt; padding-left:2.48pt; vertical-align:top"><p class="BodyText" style="margin-top:1pt; margin-left:0pt; margin-bottom:1pt; line-height:normal; font-size:9pt"><span style="font-family:'Times New Roman', serif">FP</span></p></td><td style="width:65.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.48pt; padding-left:2.48pt; vertical-align:top"><p class="BodyText" style="margin-top:1pt; margin-left:0pt; margin-bottom:1pt; line-height:normal; font-size:9pt"><span style="font-family:'Times New Roman', serif">NFP</span></p></td></tr><tr style="height:12.9pt"><td style="width:133.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; padding-right:2.48pt; padding-left:2.48pt; vertical-align:top"><p class="BodyText" style="margin-top:1pt; margin-left:0pt; margin-bottom:1pt; line-height:normal; font-size:9pt"><span style="font-family:'Times New Roman', serif">Exemption for the parent</span></p></td><td style="width:58.1pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:2.48pt; padding-left:2.48pt; vertical-align:top"><p class="BodyText" style="margin-top:1pt; margin-left:0pt; margin-bottom:1pt; line-height:normal; font-size:9pt"><span style="font-family:'Times New Roman', serif">Available*</span></p></td><td style="width:65.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:2.48pt; padding-left:2.48pt; vertical-align:top"><p class="BodyText" style="margin-top:1pt; margin-left:0pt; margin-bottom:1pt; line-height:normal; font-size:9pt"><span style="font-family:'Times New Roman', serif">Available</span></p></td></tr></tbody></table>