Definitions
The
following terms are used in this Standard with the meanings specified.
Annual reporting period means the financial year or similar period to which annual financial statements relate.
Special purpose financial statements are financial statements other than general purpose financial statements.
The definition of ‘annual reporting period’ has been retained on the basis that it is used in application paragraphs of AASB Standards, consistent with terminology in the Australian Corporations Act 2001.
The definition of ‘special purpose financial statements’ has been retained on the basis that it is used in a disclosure requirement related to the AASB’s differential reporting framework.