Document ID: chunk:federal_register_of_legislation:F2018L00380:body:0:p9
Version: federal_register_of_legislation:F2018L00380
Segment Type: other
Provision Reference: 
Character Range: 22369–23046

in accordance with APS 120.
    [3]  Monetary items are defined to mean units of currency held and assets and liabilities to be received or paid in a fixed or determinable number of units of currency.  Spot rate means the exchange rate for immediate delivery.
    [4]  Examples of non-monetary items include amounts prepaid for goods and services (e.g. prepaid rent); goodwill; intangible assets; physical assets; and provisions that are to be settled by the delivery of a non-monetary asset.
[5] The IFRS are the International Financial Reporting Standards (IFRS Standards), being the standards set by the International Accounting Standards Board, as existing at 1 April 2018.