Document ID: chunk:federal_register_of_legislation:F2024L00708:body:0:p78
Version: federal_register_of_legislation:F2024L00708
Segment Type: other
Provision Reference: 
Character Range: 209513–212331

position. The liabilities of a disposal group classified as held for sale shall be presented separately from other liabilities in the statement of financial position. Those assets and liabilities shall not be offset and presented as a single amount. The major classes of assets and liabilities classified as held for sale shall either be presented separately disclosed either in the statement of financial position or disclosed in the notes, except as permitted by paragraph 39. An entity shall present separately any cumulative income or expense recognised in other comprehensive income relating to a non‑current asset (or disposal group) classified as held for sale.
39 If the disposal group is a newly acquired subsidiary that meets the criteria to be classified as held for sale on acquisition (see paragraph 11), presentation or disclosure of the major classes of assets and liabilities is not required.
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Additional disclosures
41 An entity shall disclose the following information in the notes in the period in which a non‑current asset (or disposal group) has been either classified as held for sale or sold:
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(c) the gain or loss recognised in accordance with paragraphs 20–22 and, if not separately presented in the statement of comprehensive income, the line item caption in the statement of comprehensive income that includes that gain or loss;
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Effective date
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44N AASB 18 issued in June 2024 amended paragraphs 2, 3, 5A, 5B, 13, 17, 26A, 28, 33–36A, 38, 39, 41 and 44L, and the headings before paragraphs 31 and 38. An entity shall apply those amendments when it applies AASB 18.

A footnote is added to 'AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors' in paragraph 44L. New text is underlined.

  6A When it issued AASB 18, the AASB changed the title of AASB 108 to Basis of Preparation of Financial Statements.

AASB 6 Exploration for and Evaluation of Mineral Resources (August 2015)
Paragraph 6 is amended. Paragraph 26B is added. New text is underlined and deleted text is struck through.

Recognition of exploration and evaluation assets

Temporary exemption from AASB 108 paragraphs 11 and 12
6 When developing its accounting policies, an entity recognising exploration and evaluation assets shall apply paragraph 10 of AASB 108 Basis of Preparation of Financial Statements Accounting Policies, Changes in Accounting Estimates and Errors and paragraphs Aus7.1 and Aus7.2 below.
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Effective date
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26B AASB 18 Presentation and Disclosure in Financial Statements issued in June 2024 amended paragraphs 6 and 26A. An entity shall apply those amendments when it applies AASB 18.

A footnote is added to 'AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors.' in paragraph 26A. New text is underlined.

  1 When it issued AASB