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Government grants are assistance by government in the form of transfers of resources to an entity in return for past or future compliance with certain conditions relating to the operating activities of the entity. They exclude those forms of government …

Grants related to assets are government grants whose primary condition is that an entity qualifying for them should purchase, construct or otherwise acquire long-term assets. Subsidiary conditions may also be attached restricting the type or location of …

Grants related to income are government grants other than those related to assets. …

Forgivable loans are loans which the lender undertakes to waive repayment of under certain prescribed conditions. …

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. (See AASB 13 Fair Value Measurement …

General purpose financial statements are those intended to meet the needs of users who are not in a position to require an entity to prepare reports tailored to their particular information …

Public accountability – an entity has public accountability if: (a) its debt or equity instruments are traded in a public market or it is in the process of issuing such instruments for trading in a public market (a domestic or foreign stock exchange or an …

The following terms are used in this Standard with the meanings specified: …

Accounting estimates are monetary amounts in financial statements that are subject to measurement uncertainty. …

Accounting policies are the specific principles, bases, conventions, rules and practices applied by an entity in preparing and presenting financial …