PBE FRS 47 First-time Adoption of PBE Standards by Entities other than those Previously Applying NZ IFRS

  • Not-for-profit
  • Public Sector

Sets out requirements for first-time adopters of PBE Standards by Tier 1 and Tier 2 PBEs that previously did not apply any form of NZ IFRS.

  • PBE FRS 47 – This version is effective for reporting periods beginning on or after
    1 Jan 2021 (early adoption permitted)

    Date of issue: Sep 2014 Date compiled to: 29 Feb 2020 (excludes PBE IFRS 9, PBE IPSAS 41 and PBE IFRS 17)

Amendments

  • Withdrawal of PBE FRS 46 (Amendments to PBE FRS 47) – This version is effective for annual financial statements for periods beginning on or after
    1 Jan 2021 (early application permitted)

    Date of issue: Feb 2020

Previous Versions

  • PBE FRS 47 – This version is effective for reporting periods beginning on or after
    1 Jan 2020 (early adoption permitted)

    Date of issue: Sep 2014 Date compiled to: 31 Aug 2019 (excludes PBE IFRS 9, PBE IPSAS 40, PBE IPSAS 41, PBE IFRS 17 and PBE FRS 48)
  • PBE FRS 47 – This version is effective for reporting periods beginning on or after
    1 Jan 2019 (early adoption permitted)

    Date of issue: Sep 2014 Date compiled to: 31 Jan 2019 (excludes PBE IFRS 9 and PBE FRS 48)
  • PBE FRS 47 – This version is effective for reporting periods beginning on or after
    1 Jan 2017

    Date of issue: Sep 2014 Date compiled to: 31 Jan 2017 (excludes PBE IPSASs 34-38 and PBE IFRS 9)