81 paragraphs found in INT 1
An entity shall apply this Interpretation for annual periods beginning on or after 1 January 2016. Earlier application is encouraged for periods beginning on or after 1 January 2014 but before 1 January 2016. If an entity applies the Interpretation for a …
AASB 16, issued in February 2016, amended paragraph 2. An entity shall apply that amendment when it applies AASB 16. …
When applied or operative, this Interpretation supersedes Interpretation 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities issued in July 2004 …
These examples accompany, but are not part of, AASB Interpretation 1. …
An entity has a nuclear power plant and a related decommissioning liability. The nuclear power plant started operating on 1 January 2000. The plant has a useful life of 40 years. Its initial cost was CU120,000; [1] this included an amount for …
If the related asset is measured using the cost model: (a) subject to (b), changes in the liability shall be added to, or deducted from, the cost of the related asset in the current period. (b) the amount deducted from the cost of …
If the related asset is measured using the revaluation model: (a) changes in the liability alter the revaluation surplus or deficit previously recognised on that asset, so that: (i) a decrease in the liability shall (subject to …
Notwithstanding paragraph 6 , in respect of a not-for-profit entity, the requirements of paragraph 6 shall be applied in relation to a class of assets, consistent with the revaluation model requirements of AASB 116 for not-for-profit …