Search Definitions

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

Interim period is a financial reporting period shorter than a full financial year. …

Interim financial report means a financial report containing either a complete set of financial statements (as described in AASB 101 Presentation of Financial Statements ) or a set of condensed financial statements (as described in this Standard) for an …

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

Carrying amount is the amount at which an asset is recognised after deducting any accumulated depreciation (amortisation) and accumulated impairment losses …

A cash-generating unit is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of …

Corporate assets are assets other than goodwill that contribute to the future cash flows of both the cash-generating unit under review and other cash-generating …

Costs of disposal are incremental costs directly attributable to the disposal of an asset or cash-generating unit, excluding finance costs and income tax …

Depreciable amount is the cost of an asset, or other amount substituted for cost in the financial statements, less its residual value. …

Depreciation (Amortisation) is the systematic allocation of the depreciable amount of an asset over its useful life. [1] …