Document ID: chunk:federal_register_of_legislation:F2024L00708:body:0:p127
Version: federal_register_of_legislation:F2024L00708
Segment Type: other
Provision Reference: 
Character Range: 354283–357134

commentary or risk report) that is available to users of the financial statements on the same terms as the interim financial statements and at the same time. If users of the financial statements do not have access to the information incorporated by cross-reference on the same terms and at the same time, the interim financial report is incomplete. The information shall normally be reported on a financial year-to-date basis.
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(m) the disclosures about management-defined performance measures required by paragraphs 121–125 of AASB 18.
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Periods for which interim financial statements are required to be presented
20 Interim reports shall include interim financial statements (condensed or complete) for periods as follows:
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(b) statement(s) of financial performance statements of profit or loss and other comprehensive income for the current interim period and cumulatively for the current financial year to date, with comparative statement(s) of financial performance statements of profit or loss and other comprehensive income for the comparable interim periods (current and year‑to‑date) of the immediately preceding financial year. As permitted by AASB 18AASB 101, an interim report may present for each period a statement (or statements) or statements of financial performanceprofit or loss and other comprehensive income.
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Materiality
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24 AASB 18 AASB 101 defines material information and requires separate disclosure of material items, including (for example) discontinued operations, and AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors requires disclosure of changes in accounting estimates, errors, and changes in accounting policies. The two Standards do not contain quantified guidance as to materiality.
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Effective date
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61 AASB 18 issued in June 2024 amended paragraphs 4, 5, 7–10, 11A, 12, 20, 24, 56 and 58-60 and added paragraph 16A(m). An entity shall apply those amendments when it applies AASB 18. In interim financial statements in the first year of applying AASB 18, an entity shall apply paragraphs C4–C6 of Appendix C of AASB 18.

A footnote is added to 'AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors' in paragraph 56. New text is underlined.

  3A When it issued AASB 18, the AASB changed the title of AASB 108.

A footnote is added to 'AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors' in paragraph 58. New text is underlined.

  3B When it issued AASB 18, the AASB changed the title of AASB 108.

A footnote is added to the end of paragraph 59. New text is underlined.

  3C When it issued AASB 18, the AASB carried over the definition of 'material' in AASB 101 to AASB 18.

A footnote is added to the end of paragraph 60. New text is underlined.

  3D When it issued AASB 18, the AASB carried over the requirements