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Future economic benefits that have been contributed to the entity by parties external to the entity, other than those which result in liabilities of the entity, that give rise to a financial interest in the net assets of the entity which: (a)             …

A transfer in which the entity receives assets or services or has liabilities extinguished without directly giving approximately equal value in exchange to the other party or parties to the …

The reallocation or reorganisation of assets, liabilities, activities and responsibilities amongst the entities that the government controls that occurs as a consequence of a rearrangement in the way in which activities and responsibilities as prescribed …

Definitions relating to hedge accounting …

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

Accounting profit is profit or loss for a period before deducting tax expense. …

Taxable profit (tax loss) is the profit (loss) for a period, determined in accordance with the rules established by the taxation authorities, upon which income taxes are payable …

Tax expense (tax income) is the aggregate amount included in the determination of profit or loss for the period in respect of current tax and deferred tax …

Current tax is the amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period. …

Deferred tax liabilities are the amounts of income taxes payable in future periods in respect of taxable temporary differences. …