Notice is hereby given, pursuant to section 31 of the Financial Reporting Act 1993, that the New Zealand Accounting Standards Board of the External Reporting Board has issued Recoverable Amount Disclosures for
Non-Financial Assets (Amendments to NZ IAS 36).
Amendments to NZ IAS 36:
- applies to Tier 1 and Tier 2 for-profit reporting entities and groups, other than where expressly exempted by
its terms, the terms of any other approved accounting standard or by law;
- applies to annual periods beginning on or after 1 January 2014, with early adoption allowed when the entity has already applied NZ IFRS 13 Fair Value Measurement; and
- is a Regulation for the purposes of the Regulations (Disallowance) Act 1989.
Copies of the standard may be inspected free of charge at the offices of the External Reporting Board (XRB), Level 7, 50 Manners Street, Wellington.
Copies are also available on the XRB's website at
www.xrb.govt.nz
Dated this 24th day of June 2013.
MICHELE EMBLING, Chair, New Zealand Accounting Standards Board.