Zoological Parks Authority - Parliament of Western Australia - The ...
Zoological Parks Authority - Parliament of Western Australia - The ...
Zoological Parks Authority - Parliament of Western Australia - The ...
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<strong>Zoological</strong> <strong>Parks</strong> <strong>Authority</strong> ANNUAL REPORT 2012<br />
Disclosures and Legal Compliance<br />
Financial Statements<br />
<strong>Zoological</strong> <strong>Parks</strong> <strong>Authority</strong><br />
Notes to the Financial Statements for the Year Ended 30 June 2012 continued<br />
Title<br />
Operative for<br />
reporting periods<br />
beginning on/after<br />
Title<br />
Operative for<br />
reporting periods<br />
beginning on/after<br />
AASB 2011-6<br />
Amendments to <strong>Australia</strong>n Accounting<br />
Standards – Extending Relief from<br />
Consolidation, the Equity Method and<br />
Proportionate Consolidation – Reduced<br />
Disclosure Requirements [AASB 127, 128<br />
& 131]<br />
This Standard extends the relief from<br />
consolidation, the equity method and<br />
proportionate consolidation by removing<br />
the requirement for the consolidated<br />
financial statements prepared by the<br />
ultimate or any intermediate parent entity<br />
to be IFRS compliant, provided that<br />
the parent entity, investor or venturer<br />
and the ultimate or intermediate parent<br />
entity comply with <strong>Australia</strong>n Accounting<br />
Standards or <strong>Australia</strong>n Accounting<br />
Standards – Reduced Disclosure<br />
Requirements. <strong>The</strong>re is no financial impact.<br />
1 Jul 2013<br />
AASB 2011-7<br />
AASB 2011-8<br />
Amendments to <strong>Australia</strong>n Accounting<br />
Standards arising from the Consolidation<br />
and Joint Arrangements Standards [AASB<br />
1, 2, 3, 5, 7, 9, 2009-11, 101, 107, 112, 118,<br />
121, 124, 132, 133, 136, 138, 139, 1023 &<br />
1038 and Interpretations 5, 9, 16 & 17]<br />
This Standard gives effect to consequential<br />
changes arising from the issuance <strong>of</strong><br />
AASB 10, AASB 11, AASB 127 ‘Separate<br />
Financial Statements’ and AASB 128<br />
‘Investments in Associates and Joint<br />
Ventures’. <strong>The</strong> <strong>Authority</strong> has not yet<br />
determined the application or the potential<br />
impact <strong>of</strong> the Standard.<br />
Amendments to <strong>Australia</strong>n Accounting<br />
Standards arising from AASB 13<br />
[AASB 1, 2, 3, 4, 5, 7, 9, 2009-11, 2010-7,<br />
101, 102, 108, 110, 116, 117, 118, 119, 120,<br />
121, 128, 131, 132, 133, 134, 136, 138,<br />
139, 140, 141, 1004, 1023 & 1038 and<br />
Interpretations 2, 4, 12, 13, 14, 17, 19, 131<br />
& 132]<br />
1 Jan 2013<br />
1 Jan 2013<br />
This Standard replaces the existing<br />
definition and fair value guidance in other<br />
<strong>Australia</strong>n Accounting Standards and<br />
Interpretations as the result <strong>of</strong> issuing<br />
AASB 113 in September 2011. <strong>The</strong>re is no<br />
financial impact.<br />
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