Transition
29
Subject to paragraph 30, changes in accounting policies are accounted for in accordance with AASB 108, ie retrospectively.
30
If, for any particular service arrangement, it is impracticable for an operator to apply this Interpretation retrospectively at the start of the earliest period presented, it shall:
(a) recognise financial assets and intangible assets that existed at the start of the earliest period presented;
(b) use the previous carrying amounts of those financial and intangible assets (however previously classified) as their carrying amounts as at that date; and
(c) test financial and intangible assets recognised at that date for impairment, unless this is not practicable, in which case the amounts shall be tested for impairment as at the start of the current period.