Amendments to AASB 133Amendments to AASB 133

Amendments to AASB 133

47 Paragraphs 4, 40 and A11 are amended (new text is underlined and deleted text is struck through) and paragraph 74B is added as follows:

4 When an entity presents both consolidated financial statements and separate financial statements prepared in accordance with AASB 10 Consolidated Financial Statements and AASB 127 Consolidated and Separate Financial Statements, respectively, the disclosures required by this Standard need be presented only on the basis of the consolidated information. An …

40 A subsidiary, joint venture or associate may issue to parties other than the parent, venturer or investors with joint control of, or significant influence over, the investee potential ordinary shares that are convertible into either ordinary shares of the subsidiary, joint venture or associate, or ordinary shares of the parent, or investors with joint control of, or significant influence (the reporting entity) over, the investee venturer or investor. If these potential ordinary shares of the subsidiary, joint venture or associate have a dilutive effect on the basic earnings per share of the reporting entity, they are included in the calculation of diluted earnings per share.

74B AASB 2011-7 Amendments to Australian Accounting Standards arising from the Consolidation and Joint Arrangements Standards, issued in August 2011, amended paragraphs 4, 40 and A11. An entity shall apply those amendments when it applies AASB 10 and AASB 11 Joint Arrangements.

A11 Potential ordinary shares of a subsidiary, joint venture or associate convertible into either ordinary shares of the subsidiary, joint venture or associate, or ordinary shares of the parent, or investors with joint control of, or significant influence (the reporting entity) over, the investee venturer or investor are included in the calculation of diluted earnings per share as follows: …