2
This Standard applies to annual reporting periods ending on or after 31 December 2017.
2 This Standard applies to annual reporting periods ending on or after 31 December 2017.
//
© 2026 Zoe. All rights reserved.
Zoe is a legal information platform. Always consult the Federal Register of Legislation for authoritative text.
Commonwealth legislation
This Act has been repealed and is no longer in force. It is retained for historical reference.
Mechanically, this Standard compiles and lists all Australian Interpretations, says which must be applied for IFRS compliance, and updates which conceptual-framework pronouncement other Standards must refer to. It also replaces the prior AASB 1048 and preserves the Interpretations’ status as external documents while using this Standard as the ambulatory reference.
It affects entities that must prepare general-purpose financial statements (Corporations Act reporters, governments, and other reporting entities), because it clarifies which Interpretations and framework version they must follow to state compliance and reduces ambiguity about reference timing.
Want the full deep dive?
Zoe can write the in-depth analysis on top of the summary above: how it works, who it affects and what each part actually does.
Direct links to the current provisions in Accounting Standard AASB 1048 Interpretation of Standards (December 2017).
2 This Standard applies to annual reporting periods ending on or after 31 December 2017.
3 This Standard may be applied to annual reporting periods that end before 31 December 2017.
Interpretations
4 This Standard refers to all Australian Interpretations currently approved by the AASB and applicable to any period[\[1\]](#_ftn1) specified in paragraph 2 (by either mandatory or early application), classified according to whether they correspond to Interpretations adopted by the International Accounting Standards Board (IASB).
5 For ease of presentation, the Australian Interpretations are set out in two separate tables: in paragraph 6, Table 1 lists those corresponding to IASB Interpretations and, in paragraph 8, Table 2 lists the other Interpretations. Each reference to an Interpretation in a row in each of the Tables 1 and 2 is to be treated as a separate provision of this Standard.
Australian Interpretations corresponding to IASB Interpretations
6 An entity shall apply each relevant Australian Interpretation listed in Table 1 below.
<table cellspacing="0" cellpadding="0" style="width:91.44%; margin-left:39.1pt; border-collapse:collapse"><thead><tr><td colspan="4" style="border-bottom:1.5pt double #000000; padding:2.85pt 2.85pt 2.1pt; vertical-align:top"><p class="IASBTableBoldTNR"><span style="font-style:italic">Table 1: Australian Interpretations corresponding to IASB Interpretations</span></p></td></tr><tr><td style="width:17.68%; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 2.48pt 2.1pt 2.85pt; vertical-align:top"><p style="text-align:left"><span style="font-weight:bold">Interpretation</span></p><p style="text-align:left"><span style="font-style:italic">Issue Date</span></p></td><td style="width:51.66%; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 2.48pt; vertical-align:top"><p style="text-align:left"><span style="font-weight:bold">Title</span></p></td><td style="width:19.68%; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 2.48pt; vertical-align:top"><p style="text-align:left"><span style="font-weight:bold">Application Date</span></p><p style="text-align:left"><span>(annual reporting periods)</span></p></td><td style="width:10.98%; border-top:1.5pt double #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 2.85pt 2.1pt 2.48pt; vertical-align:top"><p style="text-align:left"><span style="font-weight:bold">IFRIC or SIC Interp’n</span></p></td></tr></thead><tbody><tr><td style="width:17.68%; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.1pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>1</span></p><p style="text-align:left"><span style="font-style:italic">February</span><span style="font-style:italic"> 201</span><span style="font-style:italic">6</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.1pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>Changes in Existing Decommissioning, Restoration and Similar Liabilities</span></p></td><td style="width:19.68%; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.1pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 </span><span>January</span><span> 201</span><span>9</span></p></td><td style="width:10.98%; border-top:1.5pt double #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.1pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 1</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>1</span></p><p style="text-align:left"><span style="font-style:italic">July 2015</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Changes in Existing Decommissioning, Restoration and Similar Liabilities</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2016</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 1</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>2</span></p><p style="text-align:left"><span style="font-style:italic">July</span><span style="font-style:italic"> 2015</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Members’ Shares in Co-operative Entities and Similar Instruments</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 2</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>2</span></p><p style="text-align:left"><span style="font-style:italic">December 2014</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Members’ Shares in Co-operative Entities and Similar Instruments</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 2</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>2</span></p><p style="text-align:left"><span style="font-style:italic">June 2014</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Members’ Shares in Co-operative Entities and Similar Instruments</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 2</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>2</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Members’ Shares in Co-operative Entities and Similar Instruments</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 2</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>4</span></p><p style="text-align:left"><span style="font-style:italic">August 2015</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Determining whether an Arrangement contains a Lease</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2016</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 4</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>5</span></p><p style="text-align:left"><span style="font-style:italic">August 2015</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 5</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>5</span></p><p style="text-align:left"><span style="font-style:italic">December 2014</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 5</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>5</span></p><p style="text-align:left"><span style="font-style:italic">June 2014</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 5</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>5</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 5</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>6</span></p><p style="text-align:left"><span style="font-style:italic">August 2015</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Liabilities arising from Participating in a Specific Market – Waste Electrical and Electronic Equipment</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2016</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 6</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>7</span></p><p style="text-align:left"><span style="font-style:italic">August 2015</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Applying the Restatement Approach under AASB</span><span> </span><span>129 </span><span style="font-style:italic">Financial Reporting in Hyperinflationary Economies</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2016</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 7</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>9</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Reassessment of Embedded Derivatives</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 9</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>10</span></p><p style="text-align:left"><span style="font-style:italic">August 2015</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Interim Financial Reporting and Impairment</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 10</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>10</span></p><p style="text-align:left"><span style="font-style:italic">December 2014</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Interim Financial Reporting and Impairment</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 10</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>10</span></p><p style="text-align:left"><span style="font-style:italic">June 2014</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Interim Financial Reporting and Impairment</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 10</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>10</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Interim Financial Reporting and Impairment</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 10</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>12</span><br><span style="font-style:italic">December 2017</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Service Concession Arrangements</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 201</span><span>9</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 12</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>12</span></p><p style="text-align:left"><span style="font-style:italic">February 2016</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Service Concession Arrangements</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2019</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 12</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>12</span><br><span style="font-style:italic">December 2017</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Service Concession Arrangements</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 12</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>12</span></p><p style="text-align:left"><span style="font-style:italic">February 2016</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Service Concession Arrangements</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2019</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 12</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>12</span></p><p style="text-align:left"><span style="font-style:italic">December 2016</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Service Concession Arrangements</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 12</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>12</span></p><p style="text-align:left"><span style="font-style:italic">October 2015</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Service Concession Arrangements</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 12</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>12</span></p><p style="text-align:left"><span style="font-style:italic">August 2015</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Service Concession Arrangements</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 12</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>12</span></p><p style="text-align:left"><span style="font-style:italic">December 2014</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Service Concession Arrangements</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 12</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>12</span></p><p style="text-align:left"><span style="font-style:italic">June 2014</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Service Concession Arrangements</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 12</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>12</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Service Concession Arrangements</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 12</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>13</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Customer Loyalty Programmes</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 13</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>14</span></p><p style="text-align:left"><span style="font-style:italic">August 2015</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>AASB</span><span> </span><span>119 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their </span><span>I</span><span>nteraction</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2016</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 14</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>15</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Agreements for the Construction of Real Estate</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 15</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>16</span></p><p style="text-align:left"><span style="font-style:italic">August 2015</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Hedges of a Net Investment in a Foreign Operation</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 16</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>16</span></p><p style="text-align:left"><span style="font-style:italic">December 2014</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Hedges of a Net Investment in a Foreign Operation</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 16</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>16</span></p><p style="text-align:left"><span style="font-style:italic">June 2014</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Hedges of a Net Investment in a Foreign Operation</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 16</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>16</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Hedges of a Net Investment in a Foreign Operation</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 16</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>17</span></p><p style="text-align:left"><span style="font-style:italic">August 2015</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Distributions of Non-cash Assets to Owners</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2016</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 17</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>18</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Transfers of Assets from Customers</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 18</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>19</span></p><p style="text-align:left"><span style="font-style:italic">August 2015</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Extinguishing Financial Liabilities with Equity Instruments</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 19</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>19</span></p><p style="text-align:left"><span style="font-style:italic">December 2014</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Extinguishing Financial Liabilities with Equity Instruments</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 19</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>19</span></p><p style="text-align:left"><span style="font-style:italic">June 2014</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Extinguishing Financial Liabilities with Equity Instruments</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 19</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>19</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Extinguishing Financial Liabilities with Equity Instruments</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 19</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>20</span></p><p style="text-align:left"><span style="font-style:italic">August 2015</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Stripping Costs in the Production Phase of a Surface Mine</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2016</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 20</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>21</span></p><p style="text-align:left"><span style="font-style:italic">August 2015</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Levies</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2016</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 21</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>22</span></p><p style="text-align:left"><span style="font-style:italic">February 2017</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Foreign Currency Transactions and Advance Consideration</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 22</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>23</span></p><p style="text-align:left"><span style="font-style:italic">July 2017</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Uncertainty over Income Tax Treatments</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2019</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>IFRIC 23</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>107</span></p><p style="text-align:left"><span style="font-style:italic">August 2015</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Introduction of the Euro</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>SIC-7</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>107</span></p><p style="text-align:left"><span style="font-style:italic">June 2014</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Introduction of the Euro</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>SIC-7</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>107</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Introduction of the Euro</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>SIC-7</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>110</span></p><p style="text-align:left"><span style="font-style:italic">August 2015</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Government Assistance – No Specific Relation to Operating Activities</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2016</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>SIC-10</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>115</span></p><p style="text-align:left"><span style="font-style:italic">August 2015</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Operating Leases – Incentives</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2016</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>SIC-15</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>125</span></p><p style="text-align:left"><span style="font-style:italic">August 2015</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Income Taxes – Changes in the Tax Status of an Entity or its Shareholders</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2016</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>SIC-25</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>127</span></p><p style="text-align:left"><span style="font-style:italic">July 2017</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Evaluating the Substance of Transactions Involving the Legal Form of a Lease</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2021</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>SIC-27</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>127</span></p><p style="text-align:left"><span style="font-style:italic">December 2016</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Evaluating the Substance of Transactions Involving the Legal Form of a Lease</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>SIC-27</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>127</span></p><p style="text-align:left"><span style="font-style:italic">October 2015</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Evaluating the Substance of Transactions Involving the Legal Form of a Lease</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>SIC-27</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>127</span></p><p style="text-align:left"><span style="font-style:italic">August 2015</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Evaluating the Substance of Transactions Involving the Legal Form of a Lease</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>SIC-27</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>127</span></p><p style="text-align:left"><span style="font-style:italic">December 2014</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Evaluating the Substance of Transactions Involving the Legal Form of a Lease</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>SIC-27</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>127</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Evaluating the Substance of Transactions Involving the Legal Form of a Lease</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>SIC-27</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>129</span></p><p style="text-align:left"><span style="font-style:italic">July 2017</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Service Concession Arrangements: Disclosures</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2019</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>SIC-29</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>129</span></p><p style="text-align:left"><span style="font-style:italic">February 2016</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Service Concession Arrangements: Disclosures</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2019</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>SIC-29</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>129</span></p><p style="text-align:left"><span style="font-style:italic">August 2015</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Service Concession Arrangements: Disclosures</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2016</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>SIC-29</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>131</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Revenue – Barter Transactions Involving Advertising Services</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>SIC-31</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>132</span></p><p style="text-align:left"><span style="font-style:italic">February 2016</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Intangible Assets – Web Site Costs</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2019</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>SIC-32</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>132</span></p><p style="text-align:left"><span style="font-style:italic">December 2016</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Intangible Assets – Web Site Costs</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>SIC-32</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>132</span></p><p style="text-align:left"><span style="font-style:italic">October 2015</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Intangible Assets – Web Site Costs</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>SIC-32</span></p></td></tr><tr><td style="width:17.68%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>132</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Intangible Assets – Web Site Costs</span></p></td><td style="width:19.68%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td><td style="width:10.98%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>SIC-32</span></p></td></tr></tbody></table>
7 The principal application date listed in Table 1 for each Interpretation is a reference to annual reporting periods beginning or ending (as indicated) on or after the date specified. An entity may elect to apply an individual Interpretation to annual reporting periods in advance of that stated for the Interpretation in Table 1, subject to the early application requirements of the Interpretation.
Other Australian Interpretations
8 An entity shall apply each relevant Australian Interpretation listed in Table 2 below.
<table cellspacing="0" cellpadding="0" style="width:412.5pt; margin-left:39.1pt; border-collapse:collapse"><thead><tr><td colspan="3" style="border-bottom:1.5pt double #000000; padding:2.85pt 2.85pt 2.1pt; vertical-align:top"><p class="IASBTableBoldTNR" style="page-break-inside:avoid; page-break-after:avoid"><span style="font-style:italic">Table 2: Other Australian Interpretations</span></p></td></tr><tr><td style="width:18.48%; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 2.48pt 2.1pt 2.85pt; vertical-align:top"><p style="text-align:left; page-break-inside:avoid; page-break-after:avoid"><span style="font-weight:bold">Interpretation</span></p><p style="text-align:left; page-break-inside:avoid; page-break-after:avoid"><span style="font-style:italic">Issue Date</span></p></td><td style="width:62.74%; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 2.48pt; vertical-align:top"><p style="text-align:left; page-break-inside:avoid; page-break-after:avoid"><span style="font-weight:bold">Title</span></p></td><td style="width:18.78%; border-top:1.5pt double #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 2.85pt 2.1pt 2.48pt; vertical-align:top"><p style="text-align:left; page-break-inside:avoid; page-break-after:avoid"><span style="font-weight:bold">Application Date</span></p><p style="text-align:left; page-break-inside:avoid; page-break-after:avoid"><span>(annual reporting periods)</span></p></td></tr></thead><tbody><tr><td style="width:18.48%; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.1pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>1003</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:62.74%; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.1pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>Australian Petroleum Resource Rent Tax</span></p></td><td style="width:18.78%; border-top:1.5pt double #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.1pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td></tr><tr><td style="width:18.48%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>1019</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:62.74%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>The Superannuation Contributions Surcharge</span></p></td><td style="width:18.78%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td></tr><tr><td style="width:18.48%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>1030</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:62.74%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Depreciation of Long-Lived Physical Assets: Condition-Based Depreciation and Related Methods</span></p></td><td style="width:18.78%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td></tr><tr><td style="width:18.48%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>1031</span></p><p style="text-align:left"><span style="font-style:italic">December 2016</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:62.74%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Accounting for the Goods and Services Tax (GST)</span></p></td><td style="width:18.78%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 201</span><span>8</span></p></td></tr><tr><td style="width:18.48%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>1031</span></p><p style="text-align:left"><span style="font-style:italic">October 2015</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:62.74%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Accounting for the Goods and Services Tax (GST)</span></p></td><td style="width:18.78%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 201</span><span>8</span></p></td></tr><tr><td style="width:18.48%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>1031</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:62.74%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Accounting for the Goods and Services Tax (GST)</span></p></td><td style="width:18.78%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td></tr><tr><td style="width:18.48%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>1038</span></p><p style="text-align:left"><span style="font-style:italic">December 2016</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:62.74%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Contributions by Owners Made to Wholly-Owned Public Sector Entities</span></p></td><td style="width:18.78%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2019</span></p></td></tr><tr><td style="width:18.48%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>1038</span></p><p style="text-align:left"><span style="font-style:italic">December 2016</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:62.74%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Contributions by Owners Made to Wholly-Owned Public Sector Entities</span></p></td><td style="width:18.78%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 201</span><span>8</span></p></td></tr><tr><td style="width:18.48%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>1038</span></p><p style="text-align:left"><span style="font-style:italic">October 2015</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:62.74%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Contributions by Owners Made to Wholly-Owned Public Sector Entities</span></p></td><td style="width:18.78%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2018</span></p></td></tr><tr><td style="width:18.48%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>1038</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:62.74%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Contributions by Owners Made to Wholly-Owned Public Sector Entities</span></p></td><td style="width:18.78%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td></tr><tr><td style="width:18.48%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>1042</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:62.74%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Subscriber Acquisition Costs in the Telecommunications Industry</span></p></td><td style="width:18.78%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td></tr><tr><td style="width:18.48%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>1047</span></p><p style="text-align:left"><span style="font-style:italic">July 2017</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:62.74%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Professional Indemnity Claims Liabilities in Medical Defence Organisations</span></p></td><td style="width:18.78%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2021</span></p></td></tr><tr><td style="width:18.48%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>1047</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:62.74%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Professional Indemnity Claims Liabilities in Medical Defence Organisations</span></p></td><td style="width:18.78%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td></tr><tr><td style="width:18.48%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>1052</span></p><p style="text-align:left"><span style="font-style:italic">December 2016</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:62.74%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Tax Consolidation Accounting</span></p></td><td style="width:18.78%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 201</span><span>8</span></p></td></tr><tr><td style="width:18.48%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>1052</span></p><p style="text-align:left"><span style="font-style:italic">October 2015</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:62.74%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Tax Consolidation Accounting</span></p></td><td style="width:18.78%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 201</span><span>8</span></p></td></tr><tr><td style="width:18.48%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>1052</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:62.74%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Tax Consolidation Accounting</span></p></td><td style="width:18.78%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td></tr><tr><td style="width:18.48%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>1055</span></p><p style="text-align:left"><span style="font-style:italic">December 2013</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:62.74%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Accounting for Road Earthworks</span></p></td><td style="width:18.78%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p style="text-align:left"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2014</span></p></td></tr></tbody></table>
9 The principal application date listed in Table 2 for each Interpretation is a reference to annual reporting periods beginning or ending (as indicated) on or after the date specified. An entity may elect to apply an individual Interpretation to annual reporting periods in advance of that stated for the Interpretation in Table 2, subject to the early application requirements of the Interpretation.
Conceptual framework
10 Each reference to the Conceptual Framework for Financial Reporting (or Conceptual Framework) in other Australian Accounting Standards (including Interpretations) is taken to be a reference to the relevant pronouncement listed in Table 3 below. Each row in Table 3 is to be treated as a separate provision of this Standard.
<table cellspacing="0" cellpadding="0" style="width:412.5pt; margin-left:39.1pt; border-collapse:collapse"><thead><tr><td colspan="3" style="border-bottom:1.5pt double #000000; padding:2.85pt 2.85pt 2.1pt; vertical-align:top"><p class="IASBTableBoldTNR" style="page-break-inside:avoid; page-break-after:avoid"><span style="font-style:italic">Table 3: Australian c</span><span style="font-style:italic">onceptual </span><span style="font-style:italic">f</span><span style="font-style:italic">ramework pronouncements</span></p></td></tr><tr><td style="width:18.46%; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 2.48pt 2.1pt 2.85pt; vertical-align:top"><p style="text-align:left; page-break-inside:avoid; page-break-after:avoid"><span style="font-weight:bold">Issue Date</span></p></td><td style="width:62.76%; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 2.48pt; vertical-align:top"><p style="text-align:left; page-break-inside:avoid; page-break-after:avoid"><span style="font-weight:bold">Title</span></p></td><td style="width:18.78%; border-top:1.5pt double #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 2.85pt 2.1pt 2.48pt; vertical-align:top"><p style="text-align:left; page-break-inside:avoid; page-break-after:avoid"><span style="font-weight:bold">Application Date</span></p><p style="text-align:left; page-break-inside:avoid; page-break-after:avoid"><span>(annual reporting periods)</span></p></td></tr></thead><tbody><tr style="height:65.2pt"><td style="width:18.46%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>[Month 2019]</span></p></td><td style="width:62.76%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p class="Default" style="font-size:9.5pt"><span>Conceptual Framework for Financial Reporting (or Conceptual Framework)</span></p><p style="text-align:left"><span style="font-style:italic">Note</span><span> – this pronouncement is applicable only to for-profit private sector entities that have public accountability and are required by legislation to comply with Australian Accounting Standards and other for-profit entities that elect to apply this Framework</span></p></td><td style="width:18.78%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p class="Default" style="font-size:9.5pt"><span>(beginning)</span></p><p style="text-align:left"><span>1 January 2020</span></p></td></tr></tbody></table>
AusCF10 Notwithstanding paragraph 10, in respect of AusCF entities, each reference to the Framework for the Preparation and Presentation of Financial Statements (or Framework) in other Australian Accounting Standards (including Interpretations) is taken to be a reference to the relevant pronouncement listed in Table 3 below. Each row in Table 3 is to be treated as a separate provision of this Standard.
<table cellspacing="0" cellpadding="0" style="width:412.5pt; margin-left:39.1pt; border-collapse:collapse"><thead><tr><td colspan="3" style="border-bottom:1.5pt double #000000; padding:2.85pt 2.85pt 2.1pt; vertical-align:top"><p class="IASBTableBoldTNR" style="page-break-inside:avoid; page-break-after:avoid"><span style="font-style:italic">Table 3: Australian conceptual framework pronouncements</span></p></td></tr><tr><td style="width:18.46%; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 2.48pt 2.1pt 2.85pt; vertical-align:top"><p style="text-align:left; page-break-inside:avoid; page-break-after:avoid"><span style="font-weight:bold">Issue Date</span></p></td><td style="width:62.76%; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 2.48pt; vertical-align:top"><p style="text-align:left; page-break-inside:avoid; page-break-after:avoid"><span style="font-weight:bold">Title</span></p></td><td style="width:18.78%; border-top:1.5pt double #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 2.85pt 2.1pt 2.48pt; vertical-align:top"><p style="text-align:left; page-break-inside:avoid; page-break-after:avoid"><span style="font-weight:bold">Application Date</span></p><p style="text-align:left; page-break-inside:avoid; page-break-after:avoid"><span>(annual reporting periods)</span></p></td></tr></thead><tbody><tr style="height:65.2pt"><td style="width:18.46%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p class="Default" style="font-size:9.5pt"><span>June 2014</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:62.76%; border:0.75pt solid #000000; padding:2.48pt; vertical-align:top"><p style="text-align:left"><span>Framework for the Preparation and Presentation of Financial Statements (or Framework)</span></p></td><td style="width:18.78%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 2.85pt 2.48pt 2.48pt; vertical-align:top"><p class="Default" style="font-size:9.5pt"><span>(beginning)</span></p><p style="text-align:left"><span>1 July 2014</span></p></td></tr></tbody></table>
11 This Standard updates references to the Conceptual Framework in Australian Accounting Standards (including Interpretations) to the relevant amended version of the Conceptual Framework. The principal application date listed in each row of Table 3 is a reference to annual reporting periods beginning or ending (as indicated) on or after the date specified. An entity may elect to apply an amended version of the pronouncement to annual reporting periods in advance of that stated in Table 3, subject to any early application paragraphs.
AusCF11 Notwithstanding paragraph 11, in respect of AusCF entities, this Standard updates references to the Framework in Australian Accounting Standards (including Interpretations) to the relevant amended version of the Framework. The principal application date listed in each row of Table 3 is a reference to annual reporting periods beginning or ending (as indicated) on or after the date specified. An entity may elect to apply an amended version of the pronouncement to annual reporting periods in advance of that stated in Table 3, subject to any early application paragraphs.
Commencement of the legislative instrument
12 For legal purposes, this legislative instrument commences on 30 December 2017.
Withdrawal of AASB pronouncements
13 This Standard repeals AASB 1048 Interpretation of Standards issued in August 2015. Despite the repeal, after the time this Standard starts to apply under section 334 of the Corporations Act (either generally or in relation to an individual entity), the repealed Standard continues to apply in relation to any period ending before that time as if the repeal had not occurred.
[Note: When this Standard applies under section 334 of the Corporations Act (either generally or in relation to an individual entity), it supersedes the application of the repealed Standard.]
Compilation details
Accounting Standard AASB 1048 Interpretation of Standards (as amended)
Compilation details are not part of AASB 1048.
This compiled Standard applies to annual periods beginning on or after 1 January 2020. It takes into account amendments up to and including 21 May 2019 and was prepared on 2 March 2020 by the staff of the Australian Accounting Standards Board (AASB).
This compilation is not a separate Accounting Standard made by the AASB. Instead, it is a representation of AASB 1048 (December 2017) as amended by other Accounting Standards, which are listed in the Table below.
Table of Standards
| Standard | Date made | FRL identifier | Commence-ment date | Effective date(annual periods… on or after …) | Application, saving or transitional provisions |
|---|---|---|---|---|---|
| AASB 1048 | 12 Dec 2017 | F2018L00069 | 30 Dec 2017 | (ending) 31 Dec 2017 | see (a) below |
| AASB 2019-1 | 21 May 2019 | F2019L00966 | 31 Dec 2019 | (beginning) 1 Jan 2020 | see (b) below |
(a) Entities may elect to apply this Standard to periods that end before 31 December 2017.
(b) Entities may elect to apply this Standard to annual periods beginning before 1 January 2020.
Table of amendments
| Paragraph affected | How affected | By … [paragraph/page] |
|---|---|---|
| 1 | amended | AASB 2019-1 [page 25] |
| AusCF1 | added | AASB 2019-1 [page 26] |
| 10 | amended | AASB 2019-1 [page 26] |
| AusCF10 | added | AASB 2019-1 [page 26] |
| 11 | amended | AASB 2019-1 [page 26] |
| AusCF11 | added | AASB 2019-1 [page 26] |
[1] Periods no longer than 18 months.
Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.
| Compiled AASB Standard | AASB 1048 |
|---|
Interpretation of Standards
This compiled Standard applies to annual periods beginning on or after 1 January 2020. Earlier application is permitted for annual periods beginning before 1 January 2020. It incorporates relevant amendments made up to and including 21 May 2019.
Prepared on 2 March 2020 by the staff of the Australian Accounting Standards Board.
Compilation no. 1
Compilation date: 31 December 2019
Obtaining copies of Accounting Standards
Compiled versions of Standards, original Standards and amending Standards (see Compilation Details) are available on the AASB website: www.aasb.gov.au.
Australian Accounting Standards Board
PO Box 204
Collins Street West
Victoria 8007
AUSTRALIA
Phone: (03) 9617 7600
E-mail: standard@aasb.gov.au
Website: www.aasb.gov.au
Other enquiries
Phone: (03) 9617 7600
E-mail: standard@aasb.gov.au
COPYRIGHT
© Commonwealth of Australia 2020
This compiled AASB Standard contains IFRS Foundation copyright material. Reproduction within Australia in unaltered form (retaining this notice) is permitted for personal and non-commercial use subject to the inclusion of an acknowledgment of the source. Requests and enquiries concerning reproduction and rights for commercial purposes within Australia should be addressed to The National Director, Australian Accounting Standards Board, PO Box 204, Collins Street West, Victoria 8007.
All existing rights in this material are reserved outside Australia. Reproduction outside Australia in unaltered form (retaining this notice) is permitted for personal and non-commercial use only. Further information and requests for authorisation to reproduce for commercial purposes outside Australia should be addressed to the IFRS Foundation at www.ifrs.org.
Contents
Preface
comparison with international pronouncements
ACCOUNTING STANDARD
AASB 1048 INTERPRETATION OF STANDARDS
from paragraph
Objective 1
Application 2
Interpretations 4
Australian Interpretations corresponding to IASB Interpretations 6
Other Australian Interpretations 8
Conceptual Framework 10
Commencement of the legislative instrument 12
Withdrawal of AASB pronouncements 13
Compilation details
Australian Accounting Standard AASB 1048 Interpretation of Standards(as amended) is set out in paragraphs 1 – 13. All the paragraphs have equal authority. Paragraphs in bold type state the main principles. AASB 1048 is to be read in the context of other Australian Accounting Standards, including AASB 1057 Application of Australian Accounting Standards. In the absence of explicit guidance, AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies.
Preface
Introduction
The Australian Accounting Standards Board (AASB) is an Australian Government entity under the Australian Securities and Investments Commission Act 2001. The AASB develops, issues and maintains Australian Accounting Standards, including Interpretations. These are to be applied by:
(a) entities required by the Corporations Act 2001 to prepare financial reports;
(b) governments in preparing financial statements for the whole of government and the General Government Sector (GGS); and/or
(c) entities in the private or public for-profit or not-for-profit sectors that are reporting entities or that prepare general purpose financial statements.
AASB 1053 Application of Tiers of Australian Accounting Standards establishes a differential reporting framework consisting of two tiers of reporting requirements for preparing general purpose financial statements:
(a) Tier 1: Australian Accounting Standards; and
(b) Tier 2: Australian Accounting Standards – Reduced Disclosure Requirements.
What does this Standard require?
This Standard identifies the Australian Interpretations and classifies them into two groups: those that correspond to an International Accounting Standards Board (IASB) Interpretation and those that do not. Entities are required to apply each relevant Australian Interpretation in preparing financial statements that are within the scope of the Standard.
In respect of the first group (Table 1), it is necessary for those Australian Interpretations, where relevant, to be applied in order for an entity to be able to make an explicit and unreserved statement of compliance with International Financial Reporting Standards (IFRS Standards). The IASB defines IFRS Standards to include both IFRIC and SIC Interpretations.
In the second group (Table 2), this Standard lists the other Australian Interpretations, which do not correspond to the IASB Interpretations, to assist financial statement preparers and users to identify the other authoritative pronouncements necessary for compliance in the Australian context.
This Standard (see Table 3) also updates references to the Framework for the Preparation and Presentation of Financial Statements in other Standards to refer to an amended version of the Framework, as identified in this Standard.
The Standard will be reissued when necessary to keep the Tables up to date.
Why have we issued this Standard?
This Standard clarifies that all Australian Interpretations have the same authoritative status. Those that incorporate the IASB Interpretations must be applied to achieve compliance with IFRS Standards. Australian Interpretations issued by the AASB comprise both AASB and UIG Interpretations. UIG Interpretations were developed by the Urgent Issues Group, a former committee of the AASB.
This Standard also updates references in other Standards to the Framework for the Preparation and Presentation of Financial Statements to subsequent versions.
Need for a Service Standard
Australian Interpretations
In the Australian context, Australian Interpretations do not have the same legal status as Standards (delegated legislation) and are treated as ‘external documents’ by the Acts Interpretation Act 1901 and the Legislation Act 2003. Although references in one Standard to a second Standard are ambulatory (automatically moving forward to refer to the most recently-issued version of the second Standard), references in a Standard to external documents are stationary (being fixed in time to refer to the contents of the external document when the Standard was issued). A simple reference to an Australian Interpretation in a Standard can refer only to the Interpretation that existed when the Standard was issued. It cannot refer to any revised version of the Interpretation that may exist at a later reporting date. However, a Standard can refer to a second Standard and, when the first Standard is applied at a later reporting date, the reference will be to the then-current version of the second Standard, even if it has been reissued since the first Standard was issued.
The service Standard approach, as applied to Australian Interpretations, involves issuing this Standard to list the Australian Interpretations, and referring to this Standard in every other Standard where necessary to refer to an Interpretation. This enables references to the Interpretations in all other Standards to be updated by reissuing the service Standard.
This approach preserves the status of Australian Interpretations as ‘external documents’ referred to in a Standard. It does not treat the Interpretations as delegated legislation or confer ambulatory status on the reference. In each Standard where there is a need to refer to an Australian Interpretation, the reference will be to this Standard, phrased as “Interpretation [number] [title] as identified in AASB 1048” (or similar). This reference, being to another Standard, is ambulatory and will refer to the version of this Standard that is in force from time to time. AASB 1048 itself will contain the direct references to the external documents and will be reissued periodically.
This approach to clarifying the status of Australian Interpretations ensures there is no difference between the status in the hierarchy accorded to Interpretations in IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors compared with AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors.
Australian conceptual framework
In the Australian context, an Australian conceptual framework pronouncement, such as the Framework for the Preparation and Presentation of Financial Statements (the Framework), also does not have the same legal status as a Standard (delegated legislation) and, like Interpretations, is treated as an ‘external document’ by the Acts Interpretation Act 1901 and the Legislation Act 2003.
The service Standard approach, as applied to the Australian conceptual framework, involves issuing this Standard to update references to the Framework in other Standards. This approach preserves the status of the Framework as an ‘external document’ referred to in a Standard. It does not treat the Framework as delegated legislation or confer ambulatory status on the reference.
Comparison with international pronouncements
There is no International Accounting Standards Board (IASB) Standard that directly corresponds to AASB 1048. However, Table 1 in AASB 1048 (see paragraph 6) contains a list of Australian Interpretations identifying the corresponding IASB Interpretations.
Tier 1
For-profit entities complying with the Australian Interpretations designated in this Standard as corresponding to the IASB Interpretations also comply with the Interpretations referred to by the IASB in its definition of International Financial Reporting Standards (IFRS Standards).
Not-for-profit entities’ compliance with IASB Interpretations will depend on whether any “Aus” paragraphs or Interpretations that specifically apply to not-for-profit entities provide additional guidance or contain applicable requirements that are inconsistent with IASB Interpretations.
Tier 2
Entities preparing general purpose financial statements under Australian Accounting Standards – Reduced Disclosure Requirements (Tier 2) will not be in compliance with all IASB Interpretations.
AASB 1053 Application of Tiers of Australian Accounting Standards explains the two tiers of reporting requirements.
Conceptual frameworks
In relation to references to the Conceptual Framework for Financial Reporting and the Framework for the Preparation and Presentation of Financial Statements in other Standards, the approach taken in this Standard to clarifying the applicable framework pronouncement ensures there is no difference between the version of the conceptual framework referred to in IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors and in AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors, and in other Standards.
Accounting Standard AASB 1048
The Australian Accounting Standards Board made Accounting Standard AASB 1048 Interpretation of Standards under section 334 of the Corporations Act 2001 on 12 December 2017
This compiled version of AASB 1048 applies to annual periods beginning on or after 1 January 2020. It incorporates relevant amendments contained in other AASB Standards made by the AASB up to and including 21 May 2019 (see Compilation Details).
Accounting Standard AASB 1048
Interpretation of Standards
Objective
1 The objective of this Standard is to provide an up-to-date listing of Australian Interpretations and to ensure the effectiveness of references in Australian Accounting Standards to Australian Interpretations and to the Framework for the Preparation and Presentation of Financial Statements (Framework) and the Conceptual Framework for Financial Reporting (Conceptual Framework). AASB and UIG Interpretations are referred to collectively in this Standard as Australian Interpretations.
AusCF1 AusCF paragraphs included in this Standard apply only to:
(a) not-for-profit entities; and
(b) for-profit entities that are not applying the Conceptual Framework for Financial Reporting (as identified in this Standard).
Such entities are referred to as ‘AusCF entities’. For AusCF entities, the term ‘reporting entity’ is defined in AASB 1057 Application of Australian Accounting Standards and Statement of Accounting Concepts SAC 1 Definition of the Reporting Entity also applies. For-profit entities applying the Conceptual Framework for Financial Reporting (as set out in paragraph Aus1.1 of the Conceptual Framework) shall not apply AusCF paragraphs.
Application
2 This Standard applies to annual reporting periods ending on or after 31 December 2017.
3 This Standard may be applied to annual reporting periods that end before 31 December 2017.
Interpretations
4 This Standard refers to all Australian Interpretations currently approved by the AASB and applicable to any period[\[1\]](#_ftn1) specified in paragraph 2 (by either mandatory or early application), classified according to whether they correspond to Interpretations adopted by the International Accounting Standards Board (IASB).
5 For ease of presentation, the Australian Interpretations are set out in two separate tables: in paragraph 6, Table 1 lists those corresponding to IASB Interpretations and, in paragraph 8, Table 2 lists the other Interpretations. Each reference to an Interpretation in a row in each of the Tables 1 and 2 is to be treated as a separate provision of this Standard.
Australian Interpretations corresponding to IASB Interpretations
6 An entity shall apply each relevant Australian Interpretation listed in Table 1 below.
<table cellspacing="0" cellpadding="0" style="width:91.44%; margin-left:39.1pt; border-collapse:collapse"><thead><tr><td colspan="4" style="border-bottom:1.5pt double #000000; padding:2.85pt 2.85pt 2.1pt; vertical-align:top"><p class="IASBTableBoldTNR"><span style="font-style:italic">Table 1: Australian Interpretations corresponding to IASB Interpretations</span></p></td></tr><tr><td style="width:17.68%; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 2.48pt 2.1pt 2.85pt; vertical-align:top"><p style="text-align:left"><span style="font-weight:bold">Interpretation</span></p><p style="text-align:left"><span style="font-style:italic">Issue Date</span></p></td><td style="width:51.66%; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 2.48pt; vertical-align:top"><p style="text-align:left"><span style="font-weight:bold">Title</span></p></td><td style="width:19.68%; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 2.48pt; vertical-align:top"><p style="text-align:left"><span style="font-weight:bold">Application Date</span></p><p style="text-align:left"><span>(annual reporting periods)</span></p></td><td style="width:10.98%; border-top:1.5pt double #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 2.85pt 2.1pt 2.48pt; vertical-align:top"><p style="text-align:left"><span style="font-weight:bold">IFRIC or SIC Interp’n</span></p></td></tr></thead><tbody><tr><td style="width:17.68%; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.1pt 2.48pt 2.48pt 2.85pt; vertical-align:top"><p style="text-align:left"><span>1</span></p><p style="text-align:left"><span style="font-style:italic">February</span><span style="font-style:italic"> 201</span><span style="font-style:italic">6</span></p><p style="text-align:left"><span>[as amended to]</span></p></td><td style="width:51.66%; bord
This is an opening excerpt, not the complete document.