Standards for PBE Entities
This page contains the current accounting standards for public benefit entities (PBEs) issued by the ASRB/XRB Board or the NZASB. These Standards apply to all PBE reporting entities preparing general purpose financial reports. A “public benefit entity” is an entity whose primary objective is to provide goods or services for community or social benefit and where any equity has been provided with a view to supporting that primary objective rather than for a financial return to equity holders.
These Standards are issued under section 24(1)(a) of the Financial Reporting Act 1993.
A PDF copy of the Standards can be downloaded by clicking on the relevant link below.
Accounting standards
| Standard | Title | Issued in New Zealand | Date compiled to | Effective Date | Support Material |
|---|---|---|---|---|---|
| The Effective Date of a standard indicates the annual reporting period from which that standard applies. A standard also applies to subsequent annual reporting periods until that standard is superseded by a new/amended/revised standard. | |||||
|
First-time Adoption of New Zealand Equivalents to International Financial Reporting Standards |
Dec 2008 |
30 Jun 2011 |
1 Jul 2011 |
||
|
|
Dec 2008 |
31 Jul 2010 |
1 Jan 2011 |
||
|
|
Dec 2008 |
31 Dec 2009 |
1 Jan 2010 & |
||
|
Share-based Payment |
Nov 2004 |
30 Jun 2011 |
1 Jan 2010 & |
||
|
Business Combinations |
Feb 2008 |
30 Jun 2011 |
1 Jul 2010 & |
||
|
Insurance Contracts |
Nov 2004 |
30 Jun 2011 |
1 Jul 2009 |
||
|
Non-current Assets Held for Sale and Discontinued Operations |
Nov 2004 |
30 Jun 2011 (excl NZ IFRS 9, 11 & 13) |
1 Jul 2009 |
||
|
|
Nov 2004 |
Nov 2007 |
1 Jan 2009 |
||
|
Exploration for and Evaluation of Mineral Resources |
Apr 2005 |
30 Jun 2011 |
1 Jan 2009 |
||
|
Financial Instruments: Disclosures |
Nov 2005 |
30 Jun 2011 |
1 Jul 2011, |
||
|
|
Nov 2005 |
30 Jun 2011 |
1 Jul 2009 & |
||
|
Operating Segments |
Dec 2006 |
30 Jun 2011 |
1 Jan 2011, |
||
|
Financial Instruments |
Nov 2009 | 30 Jun 2011 (excl NZ IFRS 10, 11 & 13) | 1 Jan 2015 | Additional material | |
|
Mandatory Effective Date of NZ IFRS 9 & Transition Disclosures (amendments to NZ IFRS 9 & NZ IFRS 7) |
Feb 2012 | 1 Jan 2015 | Additional material | ||
|
Financial Instuments |
Nov 2010 | 30 Jun 2011 (excl NZ IFRS 10, 11 & 13) | 1 Jan 2015 | Additional material | |
|
Mandatory Effective Date of NZ IFRS 9 & Transition Disclosures (amendments to NZ IFRS 9 & NZ IFRS 7) |
Feb 2012 | 1 Jan 2015 | 1 Jan 2015 | Additional material | |
|
Presentation of Financial Statements (revised 2007) |
Nov 2007 |
30 Jun 2011 (excl NZ IFRS 9, 10 & 13) |
1 Jul 2011 |
||
|
|
Nov 2007 |
31 Oct 2010 |
1 Jan 2011 |
||
|
|
Nov 2007 |
31 Dec 2009 (excl NZ IFRS 9) |
1 Jul 2009 & |
||
|
Inventories |
Nov 2004 |
30 Jun 2011 |
1 Jan 2009 |
||
|
Statement of Cash Flows |
Nov 2004 |
30 Jun 2011 (excl NZ IFRS 10 & 11) |
1 Jul 2011 |
||
|
|
Nov 2004 |
30 Oct 2010 |
1 Jul 2009 |
||
|
Accounting Policies, Changes in Accounting Estimates and Errors |
Nov 2004 |
30 Jun 2011 (excl NZ IFRS 9 & 13) |
1 Jul 2011 |
||
|
|
Nov 2004 |
30 Oct 2010 |
1 Jan 2009 |
||
|
Events after the Reporting Period |
Nov 2004 |
30 Jun 2011 (excl NZ IFRS 9) |
1 Jul 2009 |
||
|
|
|
30 Nov 2008 |
1 Jan 2009 |
||
|
Construction Contracts |
Nov 2004 |
30 Jun 2011 |
1 Jan 2009 |
||
|
Income Taxes |
Nov 2004 |
30 Jun 2011 (excl NZ IFRS 9 & 11) |
1 Jan 2012 & |
||
|
|
Nov 2004 |
31 Dec 2009 |
1 Jul 2009 & |
||
|
Property, Plant and Equipment |
Nov 2004 |
30 Jun 2011 |
1 Jul 2011 |
||
|
|
Nov 2004 |
30 Nov 2008 |
1 Jan 2009 |
||
|
Leases |
Nov 2004 |
30 Jun 2011 |
1 Jul 2010 & |
||
|
Revenue |
Nov 2004 |
30 Jun 2011 (excl NZ IFRS 9) |
1 Jan 2009 |
||
|
Employee Benefits |
Nov 2004 |
30 Jun 2011 (excl NZ IFRS 13) |
1 Jul 2009 & |
||
|
Accounting for Government Grants and Disclosure of Government Assistance |
Nov 2004 |
30 Jun 2011 (excl NZ IFRS 13) |
1 Jul 2011 |
||
|
|
Nov 2004 |
31 Oct 2010 |
1 Jan 2009 |
||
|
The Effects of Changes in Foreign Exchange Rates |
Nov 2004 |
30 Jun 2011 (excl NZ IFRS 9, 10, 11 & 13) |
1 Jul 2010 |
||
|
|
Nov 2004 |
30 Nov 2008 |
1 Jan 2009 |
||
|
Borrowing Costs (revised 2007) |
Jul 2007 |
30 Jun 2011 |
1 Jul 2009 & |
||
|
Related Party Disclosures |
Nov 2009 |
30 Jun 2011 (excl NZ IFRS 10, 11 & 12) |
1 Jan 2011 |
||
|
|
Nov 2004 |
30 Nov 2008 |
1 Jan 2009 |
||
|
Accounting and Reporting by Retirement Benefit Plans |
Nov 2004 |
30 Jun 2011 |
1 Apr 2010 |
| |
|
|
Nov 2004 |
31 Dec 2009 |
1 Jan 2009 |
| |
|
Consolidated and Separate Financial Statements |
Feb 2008 |
30 Jun 2011 |
1 Jul 2009 & |
||
|
Investments in Associates |
Nov 2004 |
30 Jun 2011 |
1 Jul 2011 |
||
|
|
Nov 2004 |
31 Oct 2009 |
1 Jul 2010 |
||
|
|
Nov 2004 |
31 Dec 2009 |
1 Jul 2009 & |
||
|
Financial Reporting in Hyperinflationary Economies |
Nov 2004 |
30 Jun 2011 |
1 Jan 2009 |
||
|
Interests in Joint Ventures |
Nov 2004 |
30 Jun 2011 |
1 Jul 2011 |
||
|
|
Nov 2004 |
31 Oct 2009 |
1 Jul 2010 |
||
|
|
Nov 2004 |
31 Dec 2009 |
1 Jul 2009 & |
||
|
Financial Instruments: Presentation |
Nov 2004 |
30 Jun 2011 (excl NZ IFRS 9 & 11) |
1 July 2010 |
||
|
|
Nov 2004 |
31 Dec 2009 |
1 Feb 2010 |
||
|
|
Nov 2004 |
30 Nov 2008 |
1 Jul 2009 & |
||
|
Earnings per Share |
Nov 2004 |
30 Jun 2011 |
1 Jul 2009 & |
||
|
Interim Financial Reporting |
Nov 2004 |
30 Jun 2011 |
1 Jul 2011 |
||
|
|
Nov 2004 |
31 Oct 2010 |
1 Jan 11 |
||
|
|
Nov 2004 |
30 Nov 2008 |
1 Jul 2009 & |
||
|
Impairment of Assets |
Nov 2004 |
30 Jun 2011 (excl NZ IFRS 9, 10, 11 & 13) |
1 Jan 2009 |
||
|
Provisions, Contingent Liabilities and Contingent Assets |
Nov 2004 |
30 Jun 2011 |
1 Jan 2009 |
||
|
Intangible Assets |
Nov 2004 |
30 Jun 2011 |
1 Jul 2009 |
||
|
Financial Instruments: Recognition and Measurement |
Nov 2004 |
30 Jun 2011 |
1 Jul 2010, |
||
|
Investment Property |
Nov 2004 |
30 Jun 2011 |
1 Jul 2011 |
||
|
|
Nov 2004 |
31 Oct 2010 |
1 Jan 2009 |
||
|
Agriculture |
Nov 2004 |
30 Jun 2011 |
1 Jan 2009 |
||
|
Prospective Financial Statements |
Dec 2005 |
30 Jun 2011 |
1 Jul 2009 & |
| |
|
Summary Financial Statements |
May 2007 |
30 Jun 2011 |
1 Jan 2012 |
| |
|
|
May 2007 |
31 Oct 2010 |
1 Jul 2009 & |
| |
|
New Zealand Additional Disclosures |
Apr 2011 |
30 Jun 2011 |
1 Jul 2011 |
| |
|
Changes in Existing Decommissioning, Restoration and Similar Liabilities |
Nov 2004 |
30 Jun 2011 |
1 Jan 2009 |
||
|
Members’ Shares in Co-operative Entities and Similar Instruments |
Apr 2005 |
30 Jun 2011 |
1 Jan 2009 |
||
|
Determining whether an Arrangement contains a Lease |
Apr 2005 |
30 Jun 2011 |
1 Jan 2008 |
||
|
Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds |
Nov 2004 |
30 Jun 2011 |
1 Jan 2007 |
||
|
Liabilities arising from Participation in a Specific Market—Waste Electrical and Electronic Equipment |
Oct 2005 |
30 Jun 2011 |
1 Jan 2007 |
||
|
Applying the Restatement Approach under NZ IAS 29 Financial Reporting in Hyperinflationary Economies |
Dec 2005 |
30 Jun 2011 |
1 Jan 2009 |
||
|
Scope of NZ IFRS 2 |
Feb 2006 |
30 Nov 2008 |
1 Jan 2007 |
||
|
Reassessment of Embedded Derivatives |
May 2006 |
30 Jun 2011 |
1 Jul 2009 & |
||
|
|
May 2006 |
30 Nov 2008 |
1 Jan 2009 |
||
|
Interim Financial Reporting and Impairment |
Sep 2006 |
30 Jun 2011 (excl NZ IFRS 9) |
1 Jan 2009 |
||
|
NZ IFRS 2 - Group and Treasury Share Transactions |
Dec 2006 |
30 Nov 2008 |
1 Mar 2007 |
| |
|
Service Concession Arrangements |
Mar 2007 |
30 Jun 2011 (excl NZ IFRS 9) |
1 Jan 2009 |
||
|
Customer Loyalty Programmes |
Sep 2007 |
30 Jun 2011 |
1 Jan 2011 |
||
|
|
Sep 2007 |
30 Nov 2008 |
1 Jul 2008 |
||
|
NZ IAS 19—The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction |
Sep 2007 |
30 Jun 2011 |
1 Jan 2011 |
||
|
|
Sep 2007 |
30 Nov 2008 |
1 Jan 2009 |
||
|
Agreements for the Construction of Real Estate |
Aug 2008 |
30 Jun 2011 |
1 Jan 2009 |
||
|
Hedges of a Net Investment in a Foreign Operation |
Aug 2008 |
30 Jun 2011 |
1 Jul 2009 |
||
|
Distributions of Non-cash Assets to Owners |
Dec 2008 |
30 Jun 2011 |
1 Jul 2009 |
||
|
Transfers of Assets from Customers |
Feb 2009 |
30 Jun 2011 |
Transfers on or after |
||
|
Extinguishing Financial Liabilities with Equity Instruments |
Dec 2009 |
30 Jun 2011 |
1 Jul 2010 |
||
|
Introduction of the Euro |
Nov 2004 |
30 Jun 2011 |
1 Jul 2009 & |
||
|
Government Assistance—No Specific Relation to Operating Activities |
Nov 2004 |
30 Jun 2011 |
1 Jan 2009 |
||
|
Consolidation—Special Purpose Entities |
Nov 2004 |
1 Jul 2011 |
1 Jan 2007 |
||
|
Jointly Controlled Entities—Non-Monetary Contributions by Venturers |
Nov 2004 |
30 Jun 2011 |
1 Jan 2009 |
||
|
Operating Leases—Incentives |
Nov 2004 |
30 Jun 2011 |
1 Jan 2007 |
||
|
Income Taxes—Recovery of Revalued Non-Depreciable Assets |
Nov 2004 |
30 Jun 2011 |
1 Jan 2009 |
||
|
Income Taxes—Changes in the Tax Status of an Entity or its Shareholders |
Nov 2004 |
30 Jun 2011 |
1 Jan 2009 |
||
|
Evaluating the Substance of Transactions Involving the Legal Form of a Lease |
Nov 2004 |
30 Jun 2011 |
1 Jan 2009 |
||
|
Service Concession Arrangements: Disclosures |
Nov 2004 |
30 Jun 2011 |
1 Jan 2008 |
||
|
Revenue—Barter Transactions Involving Advertising Services |
Nov 2004 |
30 Jun 2011 |
1 Jan 2007 |
||
|
Intangible Assets—Web Site Costs |
Nov 2004 |
30 Jun 2011 |
1 Jan 2009 |
||