Section 27D - Accounting Standard AASB 18 Presentation and Disclosure in Financial Statements - AASB 18 issued in June 2024 amended paragraph 10. An entity shall apply those amendments when it applies AASB 18.

27DAASB 18 issued in June 2024 amended paragraph 10. An entity shall apply those amendments when it applies AASB 18.

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27D AASB 18 issued in June 2024 amended paragraph 10. An entity shall apply those amendments when it applies AASB 18.

AASB Interpretation 16 Hedges of a Net Investment in a Foreign Operation (August 2015)

Below the heading ‘References’, the reference to AASB 108 is amended. New text is underlined and deleted text is struck through.

AASB Interpretation 17 Distributions of Non‑cash Assets to Owners (August 2015)

Below the heading ‘References’, the reference to AASB 101 is amended. Paragraphs 1 and 2 are amended and paragraph 21 is added. New text is underlined and deleted text is struck through.

• AASB 5 Non‑current Assets Held for Sale and Discontinued Operations

• AASB 7 Financial Instruments: Disclosures

• AASB 10 Consolidated Financial Statements

• AASB 13 Fair Value Measurement

• AASB 18 Presentation and Disclosure in Financial StatementsAASB 101 Presentation of Financial Statements (as revised in 2007)

1 Sometimes an entity distributes assets other than cash (non-cash assets) as dividends to its owners1 acting in their capacity as owners. In those situations, an entity may also give its owners a choice of receiving either non-cash assets or a cash alternative. Constituents have requested guidance on how an entity should account for such distributions.
1 Paragraph 7 of AASB 101 defines owners as holders of instruments classified as equity
2 Australian Accounting Standards do not provide guidance on how an entity should measure distributions to its owners (commonly referred to as dividends). AASB 18 AASB 101 requires an entity to present details of dividends recognised as distributions to owners either in the statement of changes in equity or to disclose them in the notes to the financial statements.
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