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Amendments made to AASB 7 Financial Instruments: Disclosures in November 2010 introduce additional
disclosures in respect of risk exposures arising from transferred financial assets. The amendments will affect
particularly entities that sell, factor, securitise, lend or otherwise transfer financial assets to other parties. They are
not expected to have any significant impact on the Group’s disclosures. The group intends to apply the amendment
from 1 July 2011.
AASB 2010-8 Amendments to Australian Accounting Standards – Deferred Tax: Recovery of Underlying Assets
(effective from 1 January 2012)
In December 2010, the AASB amended AASB 112 Income Taxes to provide a practical approach for measuring
deferred tax liabilities and deferred tax assets when investment property is measured using the fair value model. The
Group will apply the amendment from 1 July 2012, though it will not have any effect on the Group’s financial
statements. 42 Wellcom Group Limited
Notes to the Consolidated Financial Statements 3. Profit from operations For personal use only 2011
$’000 57,258 (d) Depreciation, amortisation & impairment
Depreciation of non-current assets
Amortisation of non–current assets
Impairment of non-current assets (24,974)
(1,975) (c) Employee benefits expense
Salaries and wages
Fringe benefits tax
Staff amenities 171
(26,474) (b) Other income
Interest revenue (bank deposits)
Net gains on dis...
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This document was uploaded on 02/06/2014.
- Spring '14