Search Definitions

Government assistance is action by government designed to provide an economic benefit specific to an entity or range of entities qualifying under certain criteria. Government assistance for the purpose of this Standard does not include benefits provided …

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 …

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

Employee benefits are all forms of consideration given by an entity in exchange for service rendered by employees or for the termination of …

Short-term employee benefits are employee benefits (other than termination benefits) that are expected to be settled wholly before twelve months after the end of the annual reporting period in which the employees render the related …

Post-employment benefits are employee benefits (other than termination benefits and short-term employee benefits) that are payable after the completion of …