✨ Financial Statements Notes
5 AUGUST 2009 NEW ZEALAND GAZETTE, No. 113 2575
THE WAIKATO COMMUNITY TRUST INCORPORATED
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For the year ended 31 March 2009
Standards, interpretations and amendments to published standards that are not yet effective
Initial application of the following standards will not affect any of the amounts recognised in the financial statements, but will change the disclosures presently made in the Trust’s financial statements:
| Standard | Effective for annual reporting periods beginning on or after | Expected to be initially applied in the financial year ending |
|---|---|---|
| NZ IAS 1 Presentation of Financial Statements - revised Standard | 1 January 2009 | 31 March 2010 |
| Improving disclosures about financial instruments (amendments to NZ IFRS 7 Financial Instrument Disclosures) | 1 January 2009 | 31 March 2010 |
Initial application of the following standards and interpretations is not expected to have any material impact to the financial report of the Trust:
| Standard/Interpretation | Effective for annual reporting periods beginning on or after | Expected to be initially applied in the financial year ending |
|---|---|---|
| Improvements to New Zealand Equivalents to International Financial Reporting Standards 2008 | Various* | 31 March 2010 |
| Omnibus Amendments (2008) | 1 January 2009 | 31 March 2010 |
| Embedded Derivatives (Amendments to NZ IFRIC 9 and NZ IAS 39) | ** | 31 March 2010 |
| Omnibus Amendments (2009) | 1 July 2009 | 31 March 2011 |
| Improvements to New Zealand Equivalents to International Financial Reporting Standards 2009 | *** | 31 March 2011 |
- The effective date and transitional provisions vary by Standard. Most of the improvements are effective for annual periods beginning on or after 1 January 2009, with earlier adoption permitted, and they are to be applied retrospectively.
** This Standard is effective for annual periods ending on or after 30 June 2009 and must be applied retrospectively.
*** The effective date and transitional provisions vary by Standard. Most of the improvements are effective for annual periods beginning on or after 1 January 2010, with earlier adoption permitted.
Other standards/interpretations that are not included above are not relevant to the Trust.
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NZ Gazette 2009, No 113
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Financial Statements of The Waikato Community Trust Incorporated
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