ANNUAL REPORT 2006

P L AT I N U M A U S T R A L I A A N N U A L R E P O R T 2 0 0 6
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2006
NOTE 24: CHANGES TO ACCOUNTING STANDARDS (continued)
Amendment/New
Standard
Affected Standards
Nature of Change to
Accounting Policy
Application
Date of
Standard*
Application
Date for
Company
2005-10
AASB 132: Financial Instruments:
Disclosure and Presentation, AASB 101:
Presentation of Financial Statements,
AASB 114: Segment Reporting, AASB
117: Leases, AASB 133: Earnings per
Share, AASB 139: Financial Instruments:
Recognition and Measurement,
AASB 1: First time adoption AIFRS,
AASB 4: Insurance Contracts, AASB
1023: General Insurance Contracts and
AASB 1038: Life Insurance Contracts
No change to
accounting policy
required. Therefore
no impact
1 January 2007 1 July 2007
2006-1 AASB 121 The Effects of Change in
Foreign Currency Rates
AASB 7
AASB 7 Financial Instruments:
Disclosures
No change to
accounting policy
required. Therefore
no impact
No change to
accounting policy
required. Therefore
no impact
AASB 119 AASB 119 Employee Benefits No change to
accounting policy
required. Therefore
no impact
UIG 4
UIG 5
UIG 4 Determining whether an
Arrangement contains a Lease
UIG 5 Rights to Interests in
Decommissioning, Restoration and
Environmental Rehabilitation Funds
No change to
accounting policy
required. Therefore
no impact
No change to
accounting policy
required. Therefore
no impact
UIG 8 UIG 8 Scope of AASB 2 No change to
accounting policy
required. Therefore
no impact
UIG 9
UIG 9 Reassessment of Embedded
Derivatives
No change to
accounting policy
required. Therefore
no impact
1 January 2006 1 July 2006
1 January 2007 1 July 2007
1 January 2006 1 July 2006
1 January 2006 1 July 2006
1 January 2006 1 July 2006
1 May 2006 1 July 2006
1 June 2006 1 July 2006
*Application date is for the annual reporting periods beginning on or after the date shown in the above table.
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