Notice is hereby given, pursuant to section 24 of the Financial Reporting Act 2013, that the New Zealand Accounting Standards Board of the External Reporting Board has issued Accounting for Acquisitions of Interests in Joint Operations (Amendments to NZ IFRS 11).
Accounting for Acquisitions of Interests in Joint Operations (Amendments to NZ IFRS 11)
- applies to all 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; and
- applies to annual periods beginning on or after
1 January 2016, with early adoption allowed; and
- is a disallowable instrument for the purposes of the Legislation Act 2012.
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
www.xrb.govt.nz
Dated this 5th day of June 2014.
MICHELE EMBLING, Chair, New Zealand Accounting Standards Board.