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Other comprehensive income comprises items of income and expense (including reclassification adjustments) that are not recognised in profit or loss as required or permitted by other Australian Accounting Standards. The components of other comprehensive …

Owners are holders of instruments classified as equity. …

Profit or loss is the total of income less expenses, excluding the components of other comprehensive income. …

Reclassification adjustments are amounts reclassified to profit or loss in the current period that were recognised in other comprehensive income in the current or previous …

Total comprehensive income is the change in equity during a period resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners. Total comprehensive income comprises all …

Although this Standard uses the terms ‘other comprehensive income’, ‘profit or loss’ and ‘total comprehensive income’, an entity may use other terms to describe the totals as long as the meaning is clear. For example, an entity may use the term ‘net …

The following terms are described in AASB 132 Financial Instruments: Presentation and are used in this Standard with the meaning specified in AASB 132: (a)             puttable financial instrument classified as an equity instrument (described in …

[Deleted by the AASB] …

In respect of public sector entities, local governments , governments and most, if not all, government departments are reporting entities: …

government means the Australian Government, the Government of the Australian Capital Territory, New South Wales, the Northern Territory, Queensland, South Australia, Tasmania, Victoria or Western …