AASB 5 - Non–current Assets Held for Sale and Discontinued Operations

Interpretations relating to AASB 5 Non-current Assets Held for Sale and Discontinued Operations are listed below:

Interpretation 17
Distributions of Non-cash Assets to Owners

Operative date: 1 July 2009
Issue date: December 2008

This Interpretation clarifies that:
- a dividend payable should be recognised when the dividend is appropriately authorised
- an entity should measure the dividend payable at the fair value of the net assets to be distributed; and
- an entity should recognise the difference between the dividend paid and the carrying amount of the net assets distributed in profit or loss.

Interpretation 1002
Post-Date-of-Transition Stapling Arrangements

Operative date: Ending 31 December 2005
Issue date: December 2005

Entities combining under the stapling arrangement must identify an acquirer, which will prepare consolidated financial statements under AASB 127 Consolidated and Separate Financial Statements.
NB When AASB 3 (revised) is operative from 1 January 2009, Interpretation 1002 will be superseded.

Related AASB standards: AASB 3, AASB 5, AASB 101, AASB 108, AASB 127.