AASB 5 - Non-current Assets Held for Sale and Discontinued Operations - July 2004
Reduced disclosure requirementsReduced disclosure requirements
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Reduced disclosure requirements
Aus1.9 The following do not apply to entities preparing general purpose financial statements under Australian Accounting Standards – Reduced Disclosure Requirements:
(a) paragraphs 33(b), 33(d), 41(d) and 42; and
(b) the second and third sentence in paragraph 35, including paragraphs 35(a)-(c).
Entities applying Australian Accounting Standards – Reduced Disclosure Requirements may elect to comply with some or all of these excluded requirements.
Aus1.10 The requirements that do not apply to entities preparing general purpose financial statements under Australian Accounting Standards – Reduced Disclosure Requirements are identified in this Standard by shading of the relevant text.