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• Interpretation 132 
  Intangible Assets – Web Site Costs 
   
  Operative date: 1 January 2005 
  Issue date: July 2004 
   
  A web site developed by an entity for its own use is an internally generated intangible asset, however the only costs that can be capitalised are those where it can be demonstrated that future economic benefits will be generated in accordance with AASB 138 Intangible Assets.  
   
  Related AASB Standards: AASB 101, AASB 102, AASB 111, AASB 116, AASB 117, AASB 136, AASB 138
 
 

• Interpretation 1031 
  Accounting for the Goods and Services Tax (GST) 
   
  Operative date: 1 January 2005 
  Issue date: July 2004 
   
  Cash flows must be included in the cash flow statement on a gross basis, which means inclusive of any applicable GST. Investing and financing cash flows are presented net of the GST recoverable from or payable to the taxation authority. Any applicable GST component relating to investing and financing cash flows is classified in operating cash flows. 
   
  Related AASB Standards: AASB 102, AASB 107, AASB 108, AASB 116, AASB 118, AASB 138