CTHRepealedLegislation
AASB 129 - Financial Reporting in Hyperinflationary Economies - July 2004
//
© 2026 Zoe. All rights reserved.
Zoe is a legal information platform. Always consult the Federal Register of Legislation for authoritative text.
AASB 129 - Financial Reporting in Hyperinflationary Economies - July 2004
Start here
Turn the raw legal text into a practical explanation grounded in AASB 129 - Financial Reporting in Hyperinflationary Economies - July 2004.
34 Corresponding figures for the previous reporting period, whether they were based on a historical cost approach or a current cost approach, are restated by applying a general price index so that the comparative financial statements are presented in terms of the measuring unit current at the end of the reporting period. Information that is disclosed in respect of earlier periods is also expressed in terms of the measuring unit current at the end of the reporting period. For the purpose of presenting comparative amounts in a different presentation currency, paragraphs 42(b) and 43 of AASB 121 apply.