AASB 2009-11 - Amendments to Australian Accounting Standards arising from AASB 9 - December 2009
Amendments to AASB 118Amendments to AASB 118
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Amendments to AASB 118
25 Paragraph 6(d) and the last sentence of paragraph 11 are amended and paragraph 39 is added as follows:
6 This Standard does not deal with revenue arising from:
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(d) changes in the fair value of financial assets and financial liabilities or their disposal (see AASB 9 Financial Instruments and AASB 139 Financial Instruments: Recognition and Measurement);
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11 In most cases … The difference between the fair value and the nominal amount of the consideration is recognised as interest revenue in accordance with paragraphs 29 and 30 and in accordance with AASB 139 and AASB 9.
39 AASB 2009-11 Amendments to Australian Accounting Standards arising from AASB 9, issued in December 2009, amended paragraphs 6(d) and 11. An entity shall apply those amendments when it applies AASB 9.