SYDNEY PORTS CORPORATION ANNUAL REPORT 12
SYDNEY PORTS CORPORATION ANNUAL REPORT 12
SYDNEY PORTS CORPORATION ANNUAL REPORT 12
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
eferenCe title SUmmary<br />
AASB 2011-4 Amendments to<br />
Australian Accounting<br />
Standards to Remove<br />
Individual Key<br />
Management Personnel<br />
Disclosure<br />
Requirements<br />
(AASB <strong>12</strong>4)<br />
AASB 2011-8 Amendments to<br />
Australian Accounting<br />
Standards arising from<br />
AASB 13 (AASB 1, 2, 3,<br />
4, 5, 7, 9, 2009-11,<br />
2010-7, 101, 102, 108,<br />
110, 116, 117, 118, 119,<br />
<strong>12</strong>0, <strong>12</strong>1, <strong>12</strong>8, 131, 132,<br />
133, 134, 136, 138,<br />
139, 140, 141, 1004,<br />
1023 & 1038 and<br />
Interpretations 2, 4, <strong>12</strong>,<br />
13, 14, 17, 19, 131 & 132)<br />
AASB 2011-9 Amendments to<br />
Australian Accounting<br />
Standards –<br />
Presentation of Items of<br />
Other Comprehensive<br />
Income (AASB 1, 5, 7,<br />
101, 1<strong>12</strong>, <strong>12</strong>0, <strong>12</strong>1, 132,<br />
133, 134, 1039 & 1049)<br />
AASB 2011-10 Amendments to<br />
Australian Accounting<br />
Standards arising from<br />
AASB 119 (September<br />
2011) (AASB 1, AASB<br />
8, AASB 101, AASB<br />
<strong>12</strong>4, AASB 134, AASB<br />
1049 & AASB 2011-8<br />
and Interpretation 14)<br />
AASB 2011-11 Amendments to AASB<br />
119 (September 2011)<br />
arising from Reduced<br />
Disclosure<br />
Requirements<br />
AASB 20<strong>12</strong>-1 Amendments to<br />
Australian Accounting<br />
Standards – Fair Value<br />
Measurement –<br />
Reduced Disclosure<br />
Requirements<br />
(AASB 3, AASB 7,<br />
AASB 13, AASB 140<br />
& AASB 141)<br />
AASB 20<strong>12</strong>-2 Amendments to<br />
Australian Accounting<br />
Standards –<br />
Disclosures –<br />
Offsetting Financial<br />
Assets and Financial<br />
Liabilities (AASB 7<br />
& AASB 132)<br />
This amendment deletes from AASB <strong>12</strong>4<br />
individual key management personnel<br />
disclosure requirements for disclosing<br />
entities that are not companies.<br />
This amendment essentially makes<br />
references to fair value and its measurement<br />
consistent across standards and<br />
interpretations and removes any detailed<br />
guidance on fair value from other standards<br />
to AASB 13.<br />
These amendments requires entities to group<br />
items presented in other comprehensive<br />
income on the basis of whether they might be<br />
reclassified subsequently to profit or loss and<br />
those that will not.<br />
These amendments make consequential<br />
amendments across standards and<br />
interpretation in response to changes<br />
made by AASB 119.<br />
This amendment makes amendments to<br />
AASB 119 to incorporate reduced disclosure<br />
requirements into the Standard for entities<br />
applying Tier 2 requirements in preparing<br />
general purpose financial statements.<br />
AASB 20<strong>12</strong>-1 establishes and amends<br />
reduced disclosure requirements for entities<br />
preparing general purpose financial<br />
statements under Australian Accounting<br />
Standards – Reduced disclosure<br />
requirements for additional and amended<br />
disclosures arising from AASB 13 and the<br />
consequential amendments implemented<br />
through AASB 2011-8.<br />
AASB 20<strong>12</strong>-2 principally amends AASB 7<br />
Financial Instruments: Disclosures to require<br />
disclosure of information that will enable<br />
users of an entity’s financial statements to<br />
evaluate the effect or potential effect of<br />
netting arrangements, including rights of<br />
set-off associated with the entity’s recognised<br />
financial assets and recognised financial<br />
liabilities, on the entity’s financial position.<br />
aPPliCation date<br />
of Standard*<br />
aPPliCation date<br />
for CorPoration*<br />
1 July 2013 1 July 2013<br />
1 January 2013 1 July 2013<br />
1 July 20<strong>12</strong> 1 July 20<strong>12</strong><br />
1 January 2013 1 July 2013<br />
1 July 2013 1 July 2013<br />
1 July 2013 1 July 2013<br />
1 January 2013 1 July 2013<br />
Sydney PortS CorPoration finanCial rePort 2011/<strong>12</strong> 49