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WESTERN DESERT RESOURCES LIMITEDiii)iv)AASB 2008-5 Amendments to Australian AccountingStandards arising from the Annual ImprovementsProject and AASB 2008-6 Further Amendments toAustralian Accounting Standards arising from theAnnual Improvement ProjectIn addition to the changes affecting amountsreported in the financial statements described at 2.1above, the amendments have led to a number ofchanges in the detail of the Group’s accountingpolicies-some of which are changes in terminologyonly, and some of which are substantive but havehad no material effect on amounts reported.AASB 2009-4 Amendments to AustralianAccounting Standards arising from the AnnualImprovement Project and AASB 2009-5 FurtherAmendments to Australian Accounting Standardsarising from the Annual Improvement Project.In addition to the amendments to AASB 5 and AASB107 described earlier in this section, the amendmentshave led to a number of changes in the details of theGroup’s accounting policies – some of which arechanges in terminology only, and some of which aresubstantive but have had no material effect onamounts reported. Except as noted in 2.3 below, thechanges in AASB 2009-5 have been adopted inadvance of their effective dates of 1 January 2010.v) AASB 8 Operating SegmentsAASB 8 is a disclosure Standard that has resulted inno change to the Group’s reportable segments (seeNote 29).2.3 Standards and Interpretations in issue not yetadoptedAt the date of authorisation of the financialstatements, the Standards and Interpretations listedbelow were in issue but not yet effective.STANDARD / INTERPRETATION EFFECTIVE FOR ANNUAL EXPECTED TO BE INITIALLYREPORTING PERIODSAPPLIED IN THE FINANCIALBEGINNING ON OR AFTER YEAR ENDING• AASB 2009-5 FURTHER AMENDMENTS TO AUSTRALIAN ACCOUNTINGSTANDARDS ARISING FROM THE ANNUAL IMPROVEMENTS PROJECT * 1 JANUARY 2010 30 JUNE 2011• AASB 2009-8 AMENDMENTS TO AUSTRALIAN ACCOUNTINGSTANDARDS – GROUP CASH-SETTLED SHARE-BASED PAYMENT TRANSACTIONS 1 JANUARY 2010 30 JUNE 2011• AASB 2009-10 AMENDMENTS TO AUSTRALIAN ACCOUNTING STANDARDS –CLASSIFICATION OF RIGHTS ISSUES 1 FEBRUARY 2010 30 JUNE 2011• AASB 124 RELATED PARTY DISCLOSURES (REVISED DECEMBER 2009),AASB 2009-12 AMENDMENTS TO AUSTRALIAN ACCOUNTING STANDARDS 1 JANUARY 2011 30 JUNE 2012• AASB 9 FINANCIAL INSTRUMENTS, AASB 2009-11 AMENDMENTS TOAUSTRALIAN ACCOUNTING STANDARDS ARISING FROM AASB 9 1 JANUARY 2013 30 JUNE 2014• AASB 2010-3 AMENDMENTS TO AUSTRALIAN ACCOUNTING STANDARDSARISING FROM THE ANNUAL IMPROVEMENTS PROJECT 1 JANUARY 2010 30 JUNE 2011• AASB 2010-4 FURTHER AMENDMENTS TO AUSTRALIAN ACCOUNTINGSTANDARDS ARISING FROM THE ANNUAL IMPROVEMENTS PROJECTS 1 JANUARY 2011 30 JUNE 201243