AASB 2011-7 - Amendments to Australian Accounting Standards arising from the Consolidation and Joint Arrangements Standards - August 2011
Amendments to AASB 118Amendments to AASB 118
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Amendments to AASB 118
35 Paragraph 6(b) is amended as follows (new text is underlined and deleted text is struck through):
6 This Standard does not deal with revenue arising from:
(a) …
(b) dividends arising from investments which are accounted for under the equity method (see AASB 128 Accounting for Investments in Associates and Joint Ventures);
(c) …
36 Paragraph 41 is added as follows:
41 AASB 2011-7 Amendments to Australian Accounting Standards arising from the Consolidation and Joint Arrangements Standards, issued in August 2011, amended paragraph 6(b). An entity shall apply that amendment when it applies AASB 11 Joint Arrangements.