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: …

Amortisation is the systematic allocation of the depreciable amount of an intangible asset over its useful life. …

Carrying amount is the amount at which an asset is recognised in the statement of financial position after deducting any accumulated amortisation and accumulated impairment losses …

Cost is the amount of cash or cash equivalents paid or the fair value of other consideration given to acquire an asset at the time of its acquisition or construction, or, when applicable, the amount attributed to that asset when initially recognised in …

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

Development is the application of research findings or other knowledge to a plan or design for the production of new or substantially improved materials, devices, products, processes, systems or services before the start of commercial production or …

Entity-specific value is the present value of the cash flows an entity expects to arise from the continuing use of an asset and from its disposal at the end of its useful life or expects to incur when settling a …