AASB 107 Statement of Cash Flows 53-65: Apply the Standard and each amendment from its effective date, taking the transition reliefs for the financing liabilities and supplier finance disclosures and disclosing early application

What does 53-65 require?

The Standard operates from annual periods starting 1 January 2016 onwards, with early application allowed from 1 January 2014. Each later amendment carries its own date and relief: the AASB 16 changes to paragraphs 17 and 44 apply with AASB 16; the AASB 2016-2 financing liabilities disclosures apply from 1 January 2017 with no comparatives required on first application; the AASB 17 change to paragraph 14 applies with AASB 17; the AASB 2023-1 supplier finance disclosures apply from 1 January 2024 (early application to be disclosed) and on first application the entity need not give comparatives, the opening-of-period amounts in 44H(b)(ii) and (iii), or the disclosures for interim periods within that first annual period; the AASB 2024-3 change to paragraph 37 applies from 1 January 2026 with early application to be disclosed.