Accurri extras

Note screen options	Paragraphs	Tables	Comments	Balance checks
Images	Page breaks

Two column accounting policies

To output accounting policies in two columns:

Click Reports > Options > Styles
Set Page settings - Two columns - accounting policies to Yes

When two columns is enabled, we recommend setting the total page margins to no more than 30mm as there is less space on the page due to the gap between column 1 and column 2. A setting of more than 30mm may result in the 2 columns overlapping.

First interim report

To show the full list of accounting policies for an Interim Report:

Click Reports > Options > Setup
Set Other - First interim report to On

Material accounting policy information (not applicable to FRS 102, FRS 102 / 1A, FRS 105 and IFRS for SME)

For periods commencing on or after 1 January 2023, entities are to disclose material accounting policy information. As what is 'material' is subjective and unique to the entity, the software does not assume any accounting policy should be turned off. All accounting policies should be reviewed and turned off if they are not considered material to the entity.

Include accounting policies in relevant note

To include accounting policies in the relevant note:

Click Reports > Options > Setup
Set Placement - Include accounting policies in relevant note to Yes
The settings and assumptions outlined above for 'Include accounting policies in relevant note' may not suit your preference
The alternative is to use the spare accounting policies and spare paragraphs within the relevant note to achieve the disclosure required

Accounting policies that will hide in the accounting policies note and show at the end of the following relevant notesAccounting policies that will hide in the accounting policies note and show at the end of the following relevant notes

Accounting policy	...will appear at the end of the following relevant note
Trust transactions and balances	Trust transactions and balances
Administered transactions and balances	Administered transactions and balances
Operating segments	Operating segments
Revenue recognition	Revenue (only if the revenue note is on - allocations in range: RVRSA to RVROT)
Discontinued operations	Discontinued operations
Cash and cash equivalents	Current assets - cash and cash equivalents
Trade and other receivables	Current assets - trade and other receivables
Contract assets	Current assets - contract assets
Customer acquisition costs	Non-current assets - other
Customer fulfilment costs	Non-current assets - other
Right of return assets	Current assets - other
Inventories	Current assets - inventories
Arrangements for the provision of public infrastructure by other entities	Arrangements for the provision of public infrastructure by other entities
Collocation arrangements	Collocation arrangements
Investment properties	Non-current assets - investment properties
Property, plant and equipment	Non-current assets - property, plant and equipment
Right-of-use assets	Non-current assets - right-of-use assets
Intangible assets	Non-current assets - intangible assets
Exploration and evaluation assets	Non-current assets - exploration and evaluation assets
Mining assets	Non-current assets - mining assets
Biological assets	Non-current assets - biological assets (or current)
Trade and other payables	Current liabilities - trade and other payables
Contract liabilities	Current liabilities - contract liabilities
Refund liabilities	Current liabilities - other
Borrowings	Non-current liabilities - borrowings (or current)
Lease liabilities	Non-current liabilities - lease liabilities (or current)
Financial guarantee contracts	Non-current liabilities - financial guarantee contracts (or current)
Provisions	Current liabilities - provisions (or non-current)
Employee benefits - short-term employee benefits	Current liabilities - provisions (or current employee benefits)
Employee benefits - other long-term employee benefits	Non-current liabilities - provisions (or non-current employee benefits)
Employee benefits - termination benefits	Current liabilities - provisions (or current employee benefits)
Employee benefits - defined contribution superannuation expense	Current liabilities - provisions (or current employee benefits)
Employee benefits - retirement benefit obligations	Non-current liabilities - retirement benefit obligations (or non-current retirement benefit assets)
Employee benefits - spare employee benefits	Current liabilities - provisions (or current employee benefits)
Employee benefits - share-based payments	Share-based payments
Fair value measurement	Fair value measurement
Issued capital	Equity - issued capital
Allocation of profits	Current liabilities - loans and other debts due to members
Drawings	Current liabilities - loans and other debts due to members
Net assets attributable to unitholders	Net assets attributable to unitholders
Applications and redemptions	Net assets attributable to unitholders
Dividends	Equity - dividends
Business combinations	Business combinations
Earnings per share	Earnings per share

Accounting policies will remain in the accounting policies note, as they are related to multiple places of disclosure and have no specific place to be relocated toAccounting policies will remain in the accounting policies note, as they are related to multiple places of disclosure and have no specific place to be relocated to

Accounting policy

Spare accounting policies

New or amended Accounting Standards and Interpretations adopted

Going concern

Basis of preparation

Parent entity information

Principles of consolidation

Foreign currency translation

Income tax (if Include income tax in one note is turned on in Setup then this accounting policy will appear in the 'Income tax' note)

Current and non-current classification

Derivative financial instruments (if Include derivatives in one note is turned on in Setup then this accounting policy will appear in the 'Derivative financial instruments' note)

Non-current assets or disposal groups classified as held for sale

Associates

Joint ventures

Joint operations

Investments and other financial assets

Leases

Impairment of non-financial assets

Finance costs

Goods and Services Tax ('GST') and other similar taxes

Rounding of amounts

New Accounting Standards and Interpretations not yet mandatory or early adopted

Paragraphs and tables with a dependency

Accounting policies paragraphs and tables with a dependencyAccounting policies paragraphs and tables with a dependency

Accounting policy is enabled	...only if any of these are on
Trust transactions and balances	'Trust transactions and balances' note
Administered transactions and balances	'Administered transactions and balances' note
Operating segments	'Operating segments’ note
Foreign currency translation	Foreign exchange gain (RVRFX) in 'Other income' note Exchange losses on foreign currency borrowings in 'Expenses' note Foreign exchange loss in 'Expenses' note Foreign currency reserve (EQRFX) in 'Equity - reserves' note
Revenue recognition	All allocations (range: RVRSA to RVROT) in 'Revenue’ note All allocations (range: RVRFX to RVRZE) in 'Other income' note All allocations (range: RVNAA to RVNJZ) in 'Spare revenue A' to 'Spare revenue J' notes All allocations (range RVLAA to RVLEZ and RVLKA to RVLOZ) 'Spare net revenue linked' notes All allocations (range: RVFAA to RVFAJ, RVRIR to RVRGT, RVRXA to RVRXJ and RVFYA to RVFYJ) for revenue on the face of the 'Statement of profit or loss and other comprehensive income'
Discontinued operations	All allocations (range: BRVRA to BDIST) in 'Discontinued operations' note
Cash and cash equivalents	All allocations (range: CACOH to CACSJ) in 'Current assets - cash and cash equivalents’ note
Trade and other receivables	All allocations (range: CARTR to CAROP) in ‘Current assets - trade and other receivables’ note All allocations (range: NARTR to NAROP) in ‘Non-current assets - trade and other receivables’ note
Contract assets	All allocations (range: CANCA to CANSJ) in 'Current assets - contract assets' note All allocations (range: NANCA to NANSJ) in 'Non-current assets - contract assets' note
Customer acquisition costs	Customer acquisition costs (CAOCA) in 'Current assets - other' note Customer acquisition costs (NAOCA) in 'Non-current assets - other' note
Customer fulfilment costs	Customer fulfilment costs (CAOCF) in 'Current assets - other' note Customer fulfilment costs (NAOCF) in 'Non-current assets - other' note
Right of return assets	Right of return assets (CAORR) in 'Current assets - other' note
Inventories	All allocations (range: CASRC to CASZT) in ‘Current assets - inventories’ note All allocations (range: NASRC to NASZT) in ‘Non-current assets - inventories’ note
Derivative financial instruments	All allocations (range: CADFC to CADSE) in 'Current assets - derivative financial instruments’ note All allocations (range: NADFC to NADSE) in 'Non-current assets - derivative financial instruments’ note All allocations (range: CLDFC to CLDSE) in 'Current liabilities - derivative financial instruments’ note All allocations (range: NLDFC to NLDSE) in 'Non-current liabilities - derivative financial instruments’ note
Derivative financial instruments - Cash flow hedges	Cash flow hedges (range: CADFH to CADIS) in 'Current assets - derivative financial instruments’ note Cash flow hedges (range: NADFH to NADIS) in 'Non-current assets - derivative financial instruments’ note Cash flow hedges (range: CLDFH to CLDIS) in 'Current liabilities - derivative financial instruments’ note Cash flow hedges (range: NLDFH to NLDIS) in 'Non-current liabilities - derivative financial instruments’ note
Derivative financial instruments - Fair value hedges	Fair value hedges (range: CADSD to CADSE) in 'Current assets - derivative financial instruments’ note Fair value hedges (range: NADSD to NADSE) in 'Non-current assets - derivative financial instruments’ note Fair value hedges (range: CLDSD to CLDSE) in 'Current liabilities - derivative financial instruments’ note Fair value hedges (range: NLDSD to NLDSE) in 'Non-current liabilities - derivative financial instruments’ note
Derivative financial instruments - Hedges of a net investment	Net investment hedge in 'Movements in reserves' in 'Equity - reserves' note
Non-current assets or disposal groups classified as held for sale	All allocations (range: CAHIA to CAHSZ) in 'Current assets - non-current assets classified as held for sale’ note All allocations (range: CAJCC to CAJNO) in 'Current assets - assets of disposal groups classified as held for sale’ note
Associates	Share of profit - associates (RVRPA) in ‘Share of profits of associates accounted for using the equity method’ note Share of profit - partnerships (RVRPT) in ‘Share of profits of associates accounted for using the equity method’ note Investment in associate A to Investment in associate E (range: NAEAA to NAEAE) in 'Non-current assets - investments accounted for using the equity method' note Investment in partnership A to Investment in partnership E (range: NAEPA to NAEPE) in 'Non-current assets - investments accounted for using the equity method' note 'Interests in associates' note (or the section in 'Non-current assets - investments accounted for using the equity method' note)
Joint ventures	Share of profit - joint ventures (RVRPJ) in ‘Share of profits of associates accounted for using the equity method’ note Investment in joint venture A to Investment in joint venture E (range: NAEJA to NAEJE) in 'Non-current assets - investments accounted for using the equity method' note 'Interests in joint ventures' note (or the section in 'Non-current assets - investments accounted for using the equity method' note)
Joint operations	'Interests in joint operations' note
Arrangements for the provision of public infrastructure by other entities	'Arrangements for the provision of public infrastructure by other entities' note
Collocation arrangements	'Collocation arrangements' note
Investments and other financial assets - Loans and receivables	Receivable from A to Receivable from O (range: CARRA to CARRO) in ‘Current assets - trade and other receivables’ note Receivable from A to Receivable from O (range: NARRA to NARRO) in ‘Non-current assets - trade and other receivables’ note
Investments and other financial assets - Financial assets at amortised cost	Receivable from A to Receivable from O (range: CARRA to CARRO) in ‘Current assets - trade and other receivables’ note Receivable from A to Receivable from O (range: NARRA to NARRO) in ‘Non-current assets - trade and other receivables’ note All allocations (range: CAMOS to CAMSJ) in 'Current assets - investments' note All allocations (range: NAMOS to NAMSJ) in 'Non-current assets - investments' note All allocations (range: NAFCA to NAFOJ) in 'Non-current assets - other financial assets' note
Investments and other financial assets - Financial assets at fair value through profit or loss	All allocations (range: CAFOD to CAFSJ) in 'Current assets - financial assets at fair value through profit or loss' note
Investments and other financial assets - Financial assets at fair value through other comprehensive income	All allocations (range: CAGOS to CAGSJ) in 'Current assets - financial assets at fair value through other comprehensive income' note All allocations (range: NAGOS to NAGSJ) in 'Non-current assets - financial assets at fair value through other comprehensive income' note
Investments and other financial assets - investments	All allocations (range: CAMOS to CAMSJ) in 'Current assets - investments' note All allocations (range: NAMOS to NAMSJ) in 'Non-current assets - investments' note
Investment properties	All allocations (range: NAVAV to NAVZT) in 'Non-current assets - investment properties' note
Property, plant and equipment	All allocations (range: NAALR to NAAZI) in 'Non-current assets - property, plant and equipment' note
Leases	Minimum lease payments in ‘Expenses’ note Leased assets (NAAPL and NAAML) in ‘Non-current assets - property, plant and equipment’ note Lease liability (CLLLE) in ‘Current liabilities - borrowings’ note Lease liability (NLLLE) in ‘Non-current liabilities - borrowings’ note
Right-of-use assets	All allocations (range: CAULR to CAULZ) in 'Current assets - right-of-use assets’ note All allocations (range: NAULR to NAULZ) in 'Non-current assets - right-of-use assets’ note
Intangible assets - Goodwill	Goodwill (range: NAIGC to NAIGI) in ‘Non-current assets - intangibles’ note
Intangible assets - Research and development	Development (range: NAIRC to NAIRI) in ‘Non-current assets - intangibles’ note
Intangible assets - Website	Website (range: NAIWC to NAIWI) in ‘Non-current assets - intangibles’ note
Intangible assets - Intellectual property	Intellectual property (range: NAIIC to NAIII) in ‘Non-current assets - intangibles’ note
Intangible assets - Patents and trademarks	Patents and trademarks (range: NAIPC to NAIPI) in ‘Non-current assets - intangibles’ note
Intangible assets - Territory fees	Territory fees (range: NAITC to NAITI) in ‘Non-current assets - intangibles’ note
Intangible assets - Customer contracts	Customer contracts (range: NAICC to NAICI) in ‘Non-current assets - intangibles’ note
Intangible assets - Software	Software (range: NAISC to NAISI) in ‘Non-current assets - intangibles’ note
Intangible assets - Exploration and evaluation	Exploration and evaluation (range: NAIEC to NAIEI) in ‘Non-current assets - intangibles’ note
Intangible assets - Borrowing costs	Borrowing costs (range: NAIBC to NAIBI) in ‘Non-current assets - intangibles’ note
Intangible assets - Formation costs	Formation costs (range: NAIFC to NAIFI) in ‘Non-current assets - intangibles’ note
Intangible assets - Preliminary expenses	Preliminary expenses (range: NAILC to NAILI) in ‘Non-current assets - intangibles’ note
Intangible assets - Stamp duty	Stamp duty (range: NAIDC to NAIDI) in ‘Non-current assets - intangibles’ note
Exploration and evaluation assets	All allocations (range: NAXAC to NAXEI) in 'Non-current assets - exploration and evaluation' note
Mining assets	All allocations (range: NAQAC to NAQEI) in 'Non-current assets - mining' note
Biological assets	All allocations (range: CABAC to CABEI) in 'Current assets - biological' note All allocations (range: NABAC to NABEI) in 'Non-current assets - biological' note
Impairment of non-financial assets	All allocations (range: CABAC to CABEI) in 'Current assets - biological' note All allocations (range: NAVAV to NAVZT) in 'Non-current assets - investment properties' note All allocations (range: NAALR to NAAZI) in 'Non-current assets - property, plant and equipment' note All allocations (range: NAIGC to NAIZI) in 'Non-current assets - intangibles’ note All allocations (range: NAXAC to NAXEI) in 'Non-current assets - exploration and evaluation' note All allocations (range: NAQAC to NAQEI) in 'Non-current assets - mining' note All allocations (range: NABAC to NABEI) in 'Non-current assets - biological' note
Trade and other payables	All allocations (range: CLPTP to CLPOP) in 'Current liabilities - trade and other payables' note
Contract liabilities	All allocations (range: CLNCA to CLNSJ) in 'Current liabilities - contract liabilities' note All allocations (range: NLNCA to NLNSJ) in 'Non-current liabilities - contract liabilities' note
Refund liabilities	Refund liabilities (CLORR) in 'Current liabilities - other' note
Borrowings	All allocations (range: CLLBO to CLLLE) in 'Current liabilities - borrowings’ note All allocations (range: NLLBL to NLLLE) in 'Non-current liabilities - borrowings’ note
Lease liabilities	All allocations (range: CLMLE to CLMSJ) in 'Current liabilities - lease liabilities’ note All allocations (range: NLMLE to NLMSJ) in 'Non-current liabilities - lease liabilities’ note
Finance costs	Exchange losses on foreign currency borrowings in 'Expenses' note Redeemable preference share costs in 'Expenses' note Unwinding of the discount on provisions in 'Expenses' note Unwinding of the discount on deferred cash consideration in 'Expenses' note All allocations (range: CLLBO to CLLLE) in 'Current liabilities - borrowings’ note All allocations (range: NLLBL to NLLLE) in 'Non-current liabilities - borrowings’ note
Financial guarantee contracts	All allocations (range: CLKSA to CLKSZ) in 'Current liabilities - financial guarantee contracts’ note All allocations (range: NLKSA to NLKSZ) in 'Non-current liabilities - financial guarantee contracts’ note
Provisions	All non-employee benefit allocations (range: CLVAC to CLVOE) in 'Current liabilities - provisions’ note All non-employee benefit allocations (range: NLVAC to NLVOE) in 'Non-current liabilities - provisions’ note
Employee benefits - short-term employee benefits	Annual leave to Employee benefits (range: CLUAL to CLUEE) in 'Current liabilities - employee benefits’ note Annual leave to Employee benefits (range: CLVAL to CLVEE) in 'Current liabilities - provisions’ note Annual leave to Employee benefits (range: NLUAL to NLUEE) in 'Non-current liabilities - employee benefits’ note Annual leave to Employee benefits (range: NLVAL to NLVEE) in 'Non-current liabilities - provisions’ note
Employee benefits - other long-term employee benefits	Long service leave (CLUSL) in 'Current liabilities - employee benefits’ note Employee benefits (CLUEE) in 'Current liabilities - employee benefits’ note Long service leave (CLVSL) in 'Current liabilities - provisions’ note Employee benefits (CLVEE) in 'Current liabilities - provisions’ note Long service leave (NLUSL) in 'Non-current liabilities - employee benefits’ note Employee benefits (NLUEE) in 'Non-current liabilities - employee benefits’ note Long service leave (NLVSL) in 'Non-current liabilities - provisions’ note Employee benefits (NLVEE) in 'Non-current liabilities - provisions’ note
Employee benefits - defined contribution superannuation expense	Defined contribution superannuation expense in 'Expenses' note
Employee benefits - retirement benefit obligations	The retirement benefit allocation (range: NAWRB) in 'Non-current assets - retirement benefit obligations' note The retirement benefit allocation (range: NLWRB) in 'Non-current liabilities - retirement benefit obligations' note
Employee benefits - share-based payments	Share-based payments expense in 'Expenses' note Share-based payments reserve (EQRSH) in 'Equity - reserves' note Options reserve (EQROP) in 'Equity - reserves' note 'Share-based payments' note
Fair value measurement (second part of the policy)	'Fair value measurement' note
Issued capital	All allocations (range: EQCOS to EQCST) in 'Equity - issued capital' note
Dividends	Manual table or editable paragraphs in 'Equity - dividends' note Dividends (CLVDI) in 'Current liabilities - provisions’ note Dividends (NLVDI) in 'Non-current liabilities - provisions’ note
Business combinations	'Business combinations' note
Earnings per share	'Earnings per share' note

New or amended Accounting Standards and Interpretations adopted

If a new or amended Accounting Standard or Interpretation has been early adopted, replace the paragraph with:

The consolidated entity has early adopted IFRS XXX 'XXXX'. No other new or amended Accounting Standards or Interpretations that are not yet mandatory have been early adopted.

New Zealand

The company has adopted all the new or amended Standards and Interpretations that are relevant and effective for the current reporting period.

Any significant impact on the accounting policies of the company from the adoption of these accounting standards and interpretations are disclosed in the relevant accounting policy.

Going concern

Above the going concern paragraphs, there is a table calculating particular values for the going concern disclosure. To use these numbers in fields:

Insert a field in the required place
Select the 'Going concern' table from the Source list
Select the cell to insert as a field

In accordance with the Accounting Standards:

In practical terms, a current asset deficiency or net asset deficiency will raise a going concern issue
However, in accordance with IAS 1 (25), when preparing financial statements, management shall make an assessment of an entity's ability to continue as a going concern. An entity shall prepare financial statements on a going concern basis unless management either intends to liquidate the entity or to cease trading, or has no realistic alternative but to do so
When management is aware, in making its assessment, of material uncertainties related to events or conditions that may cast significant doubt upon the entity's ability to continue as a going concern, the entity shall disclose those uncertainties
When an entity does not prepare financial statements on a going concern basis, it shall disclose that fact, together with the basis on which it prepared the financial statements and the reason why the entity is not regarded as a going concern

A simple example of a going concern note is as follows:

At 31 December 2023 the consolidated entity had a net asset deficiency of $X,XXX,XXX, which included related party loans of $X,XXX,XXX. However, the financial statements have been prepared on a going concern basis as Computer Assistance Pty Limited, a commonly controlled entity, has pledged its continuing support for a minimum of 12 months from the date of issuing these financial statements.

See the Going concern topic for a range of examples.

Accounting period

The consolidated entity's current accounting period is the year ended 31 December 2023 and its comparative accounting period is from 1 September 2022 (date of incorporation) to 31 December 2022. Therefore, the results are not directly comparable.

Comparative information

To ensure consistency with the current financial year, comparative information may have been reclassified to ensure comparability.

Basis of preparation

Special purpose (Australia only)

If all the Accounting Standards are turned off, then the short-form paragraph will print stating the mandatory standards (AASB 101, 107, 108, 1031, 1048 and 1054) that has been complied with

Historical cost convention

Modify where applicable and if no assets are held at fair value state:

The financial statements have been prepared under the historical cost convention.

Principles of consolidation

Reverse acquisition

Additional wording (modify where applicable):

When [PARENT NAME] (the legal parent and legal acquirer) acquired [SUBSIDIARY NAME] and its controlled entities (the legal subsidiary), it was a reverse acquisition for accounting purposes. The consolidated financial statements represent a continuation of the financial statements of the legal subsidiary as follows:

(i) the assets and liabilities of the legal subsidiary are recognised and measured in those consolidated financial statements at their pre-combination carrying amounts.

(ii) the retained profits and other equity balances recognised in the consolidated financial statements are the retained profits and other equity balances of the legal subsidiary immediately before the business combination.

(iii) the amount recognised as issued equity instruments in the consolidated financial statements is determined by adding to the issued equity of the legal subsidiary immediately before the business combination the cost of the combination. However, the equity structure appearing in the consolidated financial statements (i.e. the number and type of equity instruments issued) reflects the equity structure of the legal subsidiary, including the equity instruments issued by the legal subsidiary to effect the combination.

Consolidated financial statements prepared following a reverse acquisition reflect the fair values of the assets, liabilities and contingent liabilities of the legal parent (i.e. the acquiree for accounting purposes).

Group recapitalisation

Additional wording (modify where applicable):

When [PARENT NAME] (the legal parent and legal acquirer) acquired [SUBSIDIARY NAME] and its controlled entities (the legal subsidiary), the acquisition did not meet the definition of a business combination in accordance with IFRS 3 'Business Combinations'. Instead, the acquisition has been treated as a group recapitalisation, using the principles of reverse acquisition accounting in IFRS 3 'Business Combinations', since the substance of the transaction is that [SUBSIDIARY NAME] has effectively been recapitalised. The consolidated financial statements have been prepared as if [SUBSIDIARY NAME] had acquired [PARENT NAME] and its controlled entities, not vice versa as represented by the legal position. The recapitalisation is measured at the fair value of the equity instruments that would have been given by [SUBSIDIARY NAME] to have exactly the same percentage holding in the new structure based at the date of exchange.

Revenue recognition

Match the listed items to the categories in the revenue notes.

Sale of goods

Revenue from the sale of goods is recognised at the point in time when the customer obtains control of the goods, which is generally at the time of delivery.

Sale of goods

Sale of goods revenue is recognised at the point of sale, which is where the customer has taken delivery of the goods, the risks and rewards are transferred to the customer and there is a valid sales contract. Amounts disclosed as revenue are net of sales returns and trade discounts.

Rendering of services

Revenue from a contract to provide services is recognised over time as the services are rendered based on either a fixed price or an hourly rate.

Rendering of services

Rendering of services revenue from computer maintenance fees is recognised by reference to the stage of completion of the contracts.

Stage of completion is measured by reference to labour hours incurred to date as a percentage of total estimated labour hours for each contract. Where the contract outcome cannot be reliably estimated, revenue is only recognised to the extent of the recoverable costs incurred to date.

Sale of copper and other metals

Sale of copper and other metals is recognised at the point of sale, which is where the customer has taken delivery of the goods, the risks and rewards are transferred to the customer and there is a valid sales contract. Amounts disclosed as revenue are net of sales returns and trade discounts.

Dividends

Dividends revenue is recognised when received or when the right to receive payment is established.

Interest

Interest revenue is recognised as interest accrues using the effective interest method. This is a method of calculating the amortised cost of a financial asset and allocating the interest income over the relevant period using the effective interest rate, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to the net carrying amount of the financial asset.

Rent

Rent revenue from investment properties is recognised on a straight-line basis over the lease term. Lease incentives granted are recognised as part of the rental revenue. Contingent rentals are recognised as income in the period when earned.

Donations

Donations are recognised at the time the pledge is made.

Government grants

Government grants relating to costs are deferred and recognised in profit or loss over the period necessary to match them with the costs that they are intended to compensate.

Grants

Grant revenue is recognised in profit or loss when the company satisfies the performance obligations stated within the funding agreements.

If conditions are attached to the grant which must be satisfied before the company is eligible to retain the contribution, the grant will be recognised in the statement of financial position as a liability until those conditions are satisfied.

Subsidies and grants

Subsidies and grants are recognised as revenue over the period to which they relate.

Other revenue

Other revenue is recognised when it is received or when the right to receive payment is established.

Volunteer services

The company has elected not to recognise volunteer services as either revenue or other form of contribution received. As such, any related consumption or capitalisation of such resources received is also not recognised.

Income tax

Modify tax consolidation wording where applicable. UIG1052(9) identifies the following 3 methods:

Stand-alone taxpayer' approach
Separate taxpayer within group' approach
Group allocation' approach

Cash and cash equivalents

Change the cash and cash equivalents accounting policy if applicable.

Trade and other receivables

Change the number of days if applicable.

Inventories

Match the listed items to the categories in the 'Inventories' note
Change 'first in first out' to 'weighted average' or 'specific identification' if applicable
Note that 'last in first out' is not permitted.

Additional wording:

including transfers from equity of qualifying cash flow hedges relating to purchased materials.

Property, plant and equipment

Delete references to 'land and buildings' if not applicable.
Valuations by external independent valuers, of land and buildings must occur at least every 5 years.
In addition to the straight-line basis, other depreciation methods are diminishing balance and the units of production
Match the listed items to the categories in the 'Property, plant and equipment' note.
Check the depreciation back to last year's report

Intangible assets

Match the listed items to the categories in the 'Intangibles' note
Check the amortisation back to last year's report

Additional wording:

Software

An intangible asset arising from software development expenditure on an internal project is recognised only when the consolidated entity can demonstrate the technical feasibility of completing the intangible asset so that it will be available for use or sale, its intention to complete and its ability to use or sell the asset, how the asset will generate future economic benefits, the availability of resources to complete the development and the ability to measure reliably the expenditure attributable to the intangible asset during its development. Following the initial recognition of the software development expenditure, the cost model is applied requiring the asset to be carried at cost less any accumulated amortisation and accumulated impairment losses. Significant costs associated with software are deferred and amortised on a straight line basis over the period of their expected benefit, being their finite life of 5 years.

Non-compete contracts

Non-compete contracts acquired in a business combination are amortised on a straight line basis over the period of their expected benefit, being their finite life of 3 years.

Trade and other payables

Change the number of days if applicable

Finance costs

Change the finance costs accounting policy if applicable

Employee benefits - Other long-term employee benefits

Change 'national government bonds' to 'corporate bonds' if applicable

New Accounting Standards and Interpretations not yet mandatory or early adopted

If all the Accounting Standards are turned off, then the short-form paragraph will print stating the entity has not yet assessed the impact of these new or amended Accounting Standards and Interpretations