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2010/11 RDR versions

Introduction

AASB 1053 Application of Tiers of Australian Accounting Standards and AASB 2010-2 Amendments to Australian Accounting Standards arising from Reduced Disclosure Requirements introduced a differential reporting framework concerning disclosures into Australian Accounting Standards. These two Standards apply to annual reporting periods beginning on or after 1 July 2013. Early application of the RDR amendments is permitted for annual reporting periods beginning on or after 1 July 2009 but before 1 July 2013, provided that AASB 1053 is also applied to the period.

The table below provides in numeric order the version of each Accounting Standard and Interpretation that applies mandatorily to the financial year 2010/11, but incorporating (for early application) the Reduced Disclosure Requirements (RDR) amendments set out in AASB 2010-2. Click on the link under each pronouncement number to access each version. The disclosure requirements that Tier 2 entities are not required to comply with are easily identified in each version as shaded paragraphs or text.

These RDR versions apply only when the RDR amendments are being applied early to the financial year 2010/11 (and any other reporting periods identified as encompassed by an individual pronouncement).  New RDR early application versions, which have been updated from the previous financial year's version, are noted in the table. The other versions are identical to those for the previous financial year. In all cases, the link will display the correct version for the 2010/11 financial year.

2010/11 RDR versions

No.                        New Version Title
AASB 1 yes First-time Adoption of Australian Accounting Standards
AASB 2  yes Share-based Payment 
AASB 3   yes Business Combinations 
AASB 5   yes Non-current Assets Held for Sale and Discontinued Operations 
AASB 7   yes Financial Instruments: Disclosures 
AASB 8   yes Operating Segments 
AASB 101   yes Presentation of Financial Statements 
AASB 102   - Inventories 
AASB 107   yes Statement of Cash Flows 
AASB 108   - Accounting Policies, Changes in Accounting Estimates and Errors 
AASB 110   - Events after the Reporting Period 
AASB 111   - Construction Contracts
AASB 112   - Income Taxes
AASB 116   - Property, Plant and Equipment
AASB 117   yes Leases
AASB 119   - Employee Benefits
AASB 121   yes The Effects of Changes in Foreign Exchange Rates
AASB 123   - Borrowing Costs
AASB 124   - Related Party Disclosures
AASB 127   - Consolidated and Separate Financial Statements
AASB 128   yes Investments in Associates
AASB 131   yes Interests in Joint Ventures
AASB 133   - Earnings per Share
AASB 134   - Interim Financial Reporting
AASB 136   yes Impairment of Assets
AASB 137   - Provisions, Contingent Liabilities and Contingent Assets
AASB 138   - Intangible Assets
AASB 140   - Investment Property
AASB 141   - Agriculture
AASB 1050   - Administered Items
AASB 1052   - Disaggregated Disclosures
Interp. 2   - Members’ Shares in Co-operative Entities and Similar Instruments
Interp. 4   - Determining whether an Arrangement contains a Lease
Interp. 5   - Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds
Interp. 15   - Agreements for the Construction of Real Estate
Interp. 17   - Distributions of Non-cash Assets to Owners
Interp. 127   - Evaluating the Substance of Transactions Involving the Legal Form of a Lease
Interp. 129   - Service Concession Arrangements: Disclosures
Interp. 1052     - Tax Consolidation Accounting