2013 Apr 15 Annual Report 2012 - Phosphagenics

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Notes to the consolidated fi nancial statements Reference Title Summary AASB 2012-10 Amendments to Australian Accounting Standards – Transition Guidance and Other Amendments AASB 2012-10 amends the following standards: • AASB 10 Consolidation and related Standards - clarifi es the transition guidance, in particular that the assessment of control is to be made at the beginning of the period AASB 10 is adopted rather that prior periods. . • AASB 10 and related Standards to defer the mandatory application by not-for-profi t entities to annual reporting periods beginning on or after 1 January 2014. . • Various editorial amendments to a range of Australian Accounting Standards and to Interpretation 12 Service Concession Arrangements, to refl ect changes made to the text of IFRSs by the IASB 74 AASB1053 Application of Tiers of Australian Accounting Standards This Standard establishes a differential fi nancial reporting framework consisting of two tiers of reporting requirements for preparing general purpose fi nancial statements: (a) Tier 1: Australian Accounting Standards (b) Tier 2: Australian Accounting Standards - Reduced Disclosure Requirements Tier 2 comprises the recognition, measurement and presentation requirements of Tier 1 and substantially reduced disclosures corresponding to those requirements. The following entities apply Tier 1 requirements in preparing general purpose fi nancial statements: (a) For-profi t entities in the private sector that have public accountability (as defi ned in this standard) (b) The Australian Government and State, Territory and Local governments The following entities apply either Tier 2 or Tier 1 requirements in preparing general purpose fi nancial statements: (a) For-profi t private sector entities that do not have public accountability (b) All not-for-profi t private sector entities (c) Public sector entities other than the Australian Government and State, Territory and Local governments. Consequential amendments to other standards to implement the regime were introduced by AASB 2010- 2, 2011-2, 2011-6, 2011-11, 2012-1 and 2012-7. PHOSPHAGENICS ANNUAL REPORT 2012
Application date of standard Impact on Group financial report Application date for Group 1 January 2013 These amendments may have an impact on the Group; however the Group has not yet assessed the impact. 1 January 2013 1 July 2013 Phosphagenics Limited (the parent) is a company limited by shares and the shares are publicly traded on the Australia 1 January 2014 Stock Exchange therefore the Group has public accountability and will apply the Tier 1 requirements in preparing general purpose fi nancial statements. 75 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
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20 12 Annual Report PHOSPHAGENICS P
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highlights March... April... May...
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03 Jonathan Addison Chairman & Inde
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COLLABORATIONS Strategic Collaborat
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The Phosphagenics Evolution THE STO
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“ We also reached agreement with
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Overview of our opioid development
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13 is branded as Butrans or Norspan
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Personal Care ASHLAND INC (FORMERLY
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BEAUTY IS MORE THAN SKIN DEEP 17 EL
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cellulite contour crème BioElixia
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Intellectual Property Title Countri
Page 25 and 26: 2009 2008 2007 2006 6.8 7.8 22.2 23
Page 27 and 28: DR ESRA OGRU (AGED 37 YEARS) BSC (H
Page 29 and 30: Senior Management DR PAUL GAVIN Chi
Page 31 and 32: Phosphagenics Limited ABN 32 056 48
Page 33 and 34: Directors’ Report Your directors
Page 35 and 36: Directors’ Report continued Looki
Page 37 and 38: Directors’ Report continued Commi
Page 39 and 40: Directors’ Report continued REMUN
Page 43 and 44: Directors’ Report continued Share
Page 45 and 46: Directors’ Report continued Share
Page 47 and 48: Exercise Price Expiry Date Net othe
Page 49 and 50: Exercise Price Expiry Date Net othe
Page 51 and 52: Fair value per performance right at
Page 55 and 56: Auditors Independence Declaration 5
Page 57 and 58: Corporate Governance Statement cont
Page 67 and 68: Consolidated statement of fi nancia
Page 69 and 70: Consolidated statement of changes i
Page 71 and 72: Notes to the consolidated fi nancia
Page 73 and 74: Application date of standard Impact
Page 75: Application date of standard Impact
Page 79 and 80: Application date of standard Impact
Page 113 and 114: Independent Auditor’s Report 111
Page 115 and 116: Additional Shareholder Information
Page 117 and 118: Additional Shareholder Information
Page 119: corporate directory Phosphagenics L
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2013 Apr 15 Annual Report 2012 - Phosphagenics

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