285 paragraphs found in AASB 11
If an entity applies this Standard but does not yet apply AASB 9 , any reference to AASB 9 shall be read as a reference to AASB 139 Financial Instruments: Recognition and Measurement …
AASB 2014-3, issued in August 2014, amended the previous version of this Standard as follows: amended the heading after paragraph B33 and added paragraphs 21A, B33A–B33D, C1AA and their related headings. An entity shall apply those amendments …
These examples portray hypothetical situations illustrating the judgements that might be used when applying AASB 11 in different situations. Although some aspects of the examples may be present in actual fact patterns, all relevant facts and circumstances …
A and B (the parties) are two companies whose businesses are the provision of many types of public and private construction services. They set up a contractual arrangement to work together for the purpose of fulfilling a contract with a government for the …
The parties set up a separate vehicle (entity Z) through which to conduct the arrangement. Entity Z, on behalf of A and B, enters into the contract with the government. In addition, the assets and liabilities relating to the arrangement are held in entity …
The contractual arrangement between A and B additionally establishes that: (a) the rights to all the assets needed to undertake the activities of the arrangement are shared by the parties on the basis of their participation shares in the arrangement; (b) …
For the purposes of co-ordinating and overseeing the activities, A and B appoint an operator, who will be an employee of one of the parties. After a specified time, the role of the operator will rotate to an employee of the other party. A and B agree that …
In accordance with the terms specified in the contract with the government, entity Z invoices the construction services to the government on behalf of the …
The joint arrangement is carried out through a separate vehicle whose legal form does not confer separation between the parties and the separate vehicle (ie the assets and liabilities held in entity Z are the parties’ assets and liabilities). This is …