414 definitions found
AASB 119
Definition
8[20]
Remeasurements of the net defined benefit liability (asset) comprise: (a) actuarial gains and losses; (b) the return on plan assets, excluding amounts included in net interest on the net defined benefit liability (asset); and (c) any change in the effect …
AASB 119
Definition
8[21]
Actuarial gains and losses are changes in the present value of the defined benefit obligation resulting from: (a) experience adjustments (the effects of differences between the previous actuarial assumptions and what has actually occurred); and (b) the …
AASB 119
Definition
8[22]
The return on plan assets is interest, dividends and other income derived from the plan assets, together with realised and unrealised gains or losses on the plan assets, less: (a) any costs of managing plan assets; and (b) any tax payable by the plan …
AASB 119
Definition
8[23]
A settlement is a transaction that eliminates all further legal or constructive obligations for part or all of the benefits provided under a defined benefit plan, other than a payment of benefits to, or on behalf of, employees that is set out in the terms …
AASB 132
Definition
11
The following terms are used in this Standard with the meanings specified: …
AASB 132
Definition
11[1]
A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another …
AASB 132
Definition
11[2]
A financial asset is any asset that is: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with …
AASB 132
Definition
11[3]
A financial liability is any liability that is: (a) a contractual obligation: (i) to deliver cash or another financial asset to another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are …
AASB 132
Definition
11[4]
An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities. …
AASB 132
Definition
11[5]
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. …