Document ID: chunk:federal_register_of_legislation:F2024L00708:body:0:p120
Version: federal_register_of_legislation:F2024L00708
Segment Type: other
Provision Reference: 
Character Range: 331831–334653

transaction costs accounted for as a deduction from equity in the period is presented in the statement of changes in equity or disclosed in the notes separately in accordance with AASB 18AASB 101.
40 Dividends classified as an expense may be presented in the statement(s) of profit or loss and other comprehensive income or disclosed in the notes either with interest on other liabilities or as a separate item. In addition to the requirements of this Standard, presentation and disclosure of interest and dividends is subject to the requirements of AASB 18 AASB 101 and AASB 7. In some circumstances, because of the differences between interest and dividends with respect to matters such as tax deductibility, an entity may determine that it will present interest expenses separately from dividend expenses in the statement(s) of profit or loss and other comprehensive incomeit is desirable to disclose them separately in the statement(s) of profit or loss and other comprehensive income. Disclosures of the tax effects are made in accordance with AASB 112.
41 Gains and losses related to changes in the carrying amount of a financial liability are recognised as income or expense in profit or loss even when they relate to an instrument that includes a right to the residual interest in the assets of the entity in exchange for cash or another financial asset (see paragraph 18(b)). Under AASB 18 AASB 101 the entity presents any gain or loss arising from remeasurement of such an instrument separately in the statement of comprehensive income if such presentation is necessary to provide a useful structured summary of the entity's income and expenseswhen it is relevant in explaining the entity's performance.
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Effective date and transition
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97U AASB 18 issued in June 2024 amended paragraphs 34, 39–41, 96A, 96C and AG29. An entity shall apply those amendments when it applies AASB 18.
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Appendix
Application guidance
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Presentation

Liabilities and equity (paragraphs 15–27)
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Treatment in consolidated financial statements
AG29 In consolidated financial statements, an entity presents non‑controlling interests—ie the interests of other parties in the equity and income of its subsidiaries—in accordance with AASB 18 AASB 101 and AASB 10. When classifying a financial instrument (or a component of it) in consolidated financial statements, an entity considers all terms and conditions agreed between members of the group and the holders of the instrument in determining whether the group as a whole has an obligation to deliver cash or another financial asset in respect of the instrument or to settle it in a manner that results in liability classification. When a subsidiary in a group issues a financial instrument and a parent or other group entity agrees additional terms directly with the