Applying the Restatement Approach under NZ IAS 29 Financial Reporting in Hyperinflationary Economies

Provides guidance on how to apply the requirements of NZ IAS 29 in a reporting period in which an entity identifies the existence of hyperinflation in the economy of its functional currency, when that economy was not hyperinflationary in the prior period, and the entity therefore restates its financial statements in accordance with NZ IAS 29.

  • NZ IFRIC 7 – This version is effective for reporting periods beginning on or after
    1 Dec 2012

    Date of issue: Nov 2012

    Date compiled to: Nov 2012

*Additional Material is restricted to those with NZ-assigned IP addresses only.