Document ID: chunk:federal_register_of_legislation:F2023C00406:body:0:p58
Version: federal_register_of_legislation:F2023C00406
Segment Type: other
Provision Reference: 
Character Range: 146892–153224

financial position at 31 December 20X1
                                                                                                                              20X1                  20X0
                                                                                                                   CU         CU         CU         CU
ASSETS
Non-current assets (classified in accordance with AASB 101)                                                        91,374                78,484
Total non-current assets                                                                                                      91,374                78,484
Current assets (classified in accordance with AASB 101)                                                            1,422                 1,769
Total current assets                                                                                                          1,422                 1,769
Total assets                                                                                                                  92,796                80,253

LIABILITIES
Current liabilities (classified in accordance with AASB 101)                                                       647                   66
Total current liabilities                                                                                                     (647)                 (66)
Non-current liabilities excluding net assets attributable to unitholders (classified in accordance with AASB 101)  280                   136
                                                                                                                              (280)                 (136)
Net assets attributable to unitholders                                                                                        91,869                80,051

Example 8: Entities with some equity
IE33 The following example illustrates a format of a statement of comprehensive income and statement of financial position that may be used by entities whose share capital is not equity as defined in AASB 132 because the entity has an obligation to repay the share capital on demand but does not have all the features or meet the conditions in paragraphs 16A and 16B or paragraphs 16C and 16D. Other formats are possible.
Statement of comprehensive income for the year ended 31 December 20X1
                                                                       20X1      20X0
                                                                       CU        CU
Revenue                                                                472       498
Expenses (classified by nature or function)                            (367)     (396)
Profit from operating activities                                       105       102
Finance costs
– other finance costs                                                  (4)       (4)
– distributions to members                                             (50)      (50)
Change in net assets attributable to members                           51        48

Statement of financial position at 31 December 20X1
                                                                                                              20X1              20X0
                                                                                                      CU      CU        CU      CU
ASSETS
Non-current assets (classified in accordance with AASB 101)                                           908               830
Total non-current assets                                                                                      908               830
Current assets (classified in accordance with AASB 101)                                               383               350
Total current assets                                                                                          383               350
Total assets                                                                                                  1,291             1,180
LIABILITIES
Current liabilities (classified in accordance with AASB 101)                                          372               338
Share capital repayable on demand                                                                     202               161
Total current liabilities                                                                                     (574)             (499)
Total assets less current liabilities                                                                         717               681

Non-current liabilities (classified in accordance with AASB 101)                                      187               196
                                                                                                              (187)             (196)

OTHER COMPONENTS OF EQUITY(a)
Reserves eg revaluation surplus, retained earnings etc                                                530               485
                                                                                                              530               485
                                                                                                              717               681

MEMORANDUM NOTE – Total members' interests
Share capital repayable on demand                                                                             202               161
Reserves                                                                                                      530               485
                                                                                                              732               646

(a) In this example, the entity has no obligation to deliver a share of its reserves to its members.

Accounting for compound financial instruments

Example 9: Separation of a compound financial instrument on initial recognition
IE34 Paragraph 28 describes how the components of a compound financial instrument are separated by the entity on initial recognition. The following example illustrates how such a separation is made.
IE35 An entity issues 2,000 convertible bonds at the start of year 1. The bonds have a three-year term, and are issued at par with a face value of CU1,000 per bond, giving total proceeds of CU2,000,000.