Australia Post Annual Report 2008–09
Australia Post Annual Report 2008–09
Australia Post Annual Report 2008–09
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Reference Title Nature of change<br />
to accounting policy<br />
AASB 2008-6 Further Amendments to <strong>Australia</strong>n<br />
Accounting Standards arising from the<br />
<strong>Annual</strong> Improvements Project [AASBs 1 & 5]<br />
AASB 2008-7 Amendments to Accounting for the Cost of an<br />
Investment in a Subsidiary, Jointly Controlled Entity<br />
or Associate [AASBs 1, 118, 121, 127 & 136]<br />
AASB 2008-8 Amendments to Accounting for Eligible<br />
Hedged Items [AASB 139]<br />
AASB 2008-9 Amendments to AASB 1049 for<br />
consistency with AASB 101<br />
AASB 2008-13 Amendments to <strong>Australia</strong>n Accounting<br />
Standards arising from AASB Interpretation<br />
17 [AASBs 5 & 110]<br />
AASB 2009-2 Amendments to <strong>Australia</strong>n Accounting<br />
Standards – Improving Disclosures about<br />
Financial Instruments [AASBs 4, 7, 1023 & 1038]<br />
AASB 2009-4 Amendments to <strong>Australia</strong>n Accounting Standards<br />
arising from the <strong>Annual</strong> Improvements Project<br />
[AASBs 2, 138 and Interpretations 9 & 16]<br />
AASB 2009-5 Further Amendments to <strong>Australia</strong>n<br />
Accounting Standards arising from the <strong>Annual</strong><br />
Improvements Project [AASBs 5, 8, 101, 107,<br />
117, 118, 136 & 139]<br />
These amendments are not expected to have<br />
any impact on the group’s financial report.<br />
These amendments are not expected to have<br />
any material impact on the group’s financial report.<br />
These amendments are not expected to have<br />
any material impact on the group’s financial report.<br />
These amendments are not expected to have<br />
any material impact on the group’s financial report.<br />
These amendments are not expected to have<br />
any material impact on the group’s financial report.<br />
These amendments are not expected to have<br />
any material impact on the group’s financial report.<br />
These amendments are not expected to have<br />
any material impact on the group’s financial report.<br />
These amendments are not expected to have<br />
any material impact on the group’s financial report.<br />
AASB 3 Business Combinations (Revised) The impact of this standard is not currently<br />
considered material to the group.<br />
AASB 8 Operating Segments AASB 8 is a disclosure standard, so will have no<br />
direct impact on the measurement and recognition of<br />
amounts included in the group’s financial statements. (1)<br />
AASB 101 Presentation of Financial Statements<br />
(revised September 2007)<br />
These amendments are expected to affect only<br />
the presentation of the group’s financial report and<br />
will not have a direct impact on the measurement<br />
and recognition of amounts disclosed in the financial<br />
report. The group has not determined at this<br />
stage whether to present a single statement of<br />
comprehensive income or two separate statements.<br />
AASB 123 Borrowing Costs (revised June 2007) These amendments to AASB 123 require that all<br />
borrowing costs associated with a qualifying asset<br />
be capitalised. The amendments are not expected<br />
to have any impact on the group’s financial report.<br />
AASB 127 Consolidated and Separate Financial<br />
Statements (revised)<br />
Interpretation<br />
15<br />
Interpretation<br />
16<br />
Interpretation<br />
17<br />
Interpretation<br />
18<br />
Agreements for the Construction<br />
of Real Estate [AASB 118]<br />
Hedges of a Net Investment in<br />
a Foreign Operation<br />
Distributions of Non-Cash Assets<br />
to Owners<br />
If the group changes its ownership interest in<br />
existing subsidiaries in the future, the change will<br />
be accounted for as an equity transaction. This will<br />
have no impact on goodwill, nor will it give rise to<br />
a gain or a loss in the group’s income statement.<br />
The Interpretation is unlikely to have any impact<br />
on the group, as the group does not perform the<br />
construction of real estate.<br />
The Interpretation is unlikely to have any impact<br />
on the group, as the group does not hedge<br />
foreign operation investments.<br />
The Interpretation is unlikely to have any impact<br />
on the group, as the group does not distribute<br />
non-cash assets to owners.<br />
Transfers of Assets from Customers The Interpretation is unlikely to have any impact<br />
on the group, as the group does not receive<br />
assets from customers.<br />
(1) The amendments are not expected to have any material impact on the group‘s financial report.<br />
Application<br />
date of<br />
standard<br />
Application<br />
date for<br />
group<br />
1 July 2009 1 July 2009<br />
1 January 2009 1 July 2009<br />
1 July 2009 1 July 2009<br />
1 January 2009 1 July 2009<br />
1 July 2009 1 July 2009<br />
1 January 2009 1 July 2009<br />
1 July 2009 1 July 2009<br />
1 January 2010 1 July 2010<br />
1 July 2009 1 July 2009<br />
1 January 2009 1 July 2009<br />
1 January 2009 1 July 2009<br />
1 January 2009 1 July 2009<br />
1 July 2009 1 July 2009<br />
1 January 2009 1 July 2009<br />
1 January 2009 1 July 2009<br />
1 July 2009 1 July 2009<br />
1 July 2009 1 July 2009<br />
<strong>Australia</strong> <strong>Post</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2008–09</strong> | Financial and statutory reports 61
Change language