Notice is hereby given, pursuant to section 31 of the Financial Reporting Act 1993, that the New Zealand Accounting Standards Board of the External Reporting Board has issued Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities (Amendments to NZ IFRS 10, NZ IFRS 11 and NZ IFRS 12).
Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities (Amendments to NZ IFRS 10, NZ IFRS 11 and NZ IFRS 12):
- applies to all for-profit reporting entities and groups, other than where expressly exempted by its terms, the terms of any other approved accounting standard or by law;
- applies to annual periods beginning on or after 1 January 2013, with early adoption allowed; and
- is a Regulation for the purposes of the Regulations (Disallowance) Act 1989.
Copies of the standard may be inspected free of charge at the offices of the External Reporting Board (XRB), Level 7, 50 Manners Street, Wellington.
Copies are also available on the XRB’s website
www.xrb.govt.nz
Dated this 18th day of July 2012.
MICHELE EMBLING, Chair, New Zealand Accounting Standards Board.