Are you ready for 31 December 2018 - assets.kpmg · Foreign Currency Transactions and Advance Consideration . 7 ... New standards: 31 December 2018 reporting (year-end and interims)

Are you ready for 31 December 2018 reporting7 November 2018

Document Classification KPMG Public

copy 2018 KPMG an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (ldquoKPMG Internationalrdquo) a Swiss entity All rights reserved The KPMG name and logo are registered trademarks or trademarks of KPMG International Liability limited by a scheme approved under Professional Standards Legislation

Your facilitators arehellip

Ben Seumahu

Julie Locke Anita Pozo-Jones

Kim Heng

What is our reporting context

ASIC ASX AASB ATO

Response to commissions and

enquiries and ongoing surveillance

activities

Corporate Governance

Principles 4th Edition consultation

Conceptual Framework

Reporting entity and special purpose

financial statements

Tax transparency widening definition of

Significant Global Entity

Agendabull New standards for 31 December 2018 bull Regulatory updatebull Hot topicsbull Looking aheadbull Wrap up

New standards for 31 December 2018

New standards 31 December 2018 reporting (year-end and interims)

AASB 9 Financial Instruments

AASB 15 Revenue from Contracts with Customers

Interpretation 22Foreign Currency Transactions and Advance Consideration

AASB 2016-5 Classification and measurement of Share-Based Payment Transactions [AASB 2]

AASB 2017-1Transfers of Investment property Annual Improvements 2014-2016 Cycle [AASB 1 AASB 128 and AASB 140]

AASB 2016-6 and 2017-3Amendments and clarifications to AASB 4 Insurance Contracts

Initial application of AASB 9 and AASB 15 ndash annual reporting

Business as usual (ongoing)Comparatives

TransitionBridging the gapTelling your story

Initial application of AASB 9 and AASB 15 ndash comparatives

ApproachComparative

periodFirst year of

adoption

AASB 111 118

AASB 15

Modified retrospective

Cumulative AASB 111 118

MixedRequirements

For completed contracts

AASB 111 118

AASB 15NEW ongoing disclosure

Comparative not required

AASB 9 AASB 15

Transition disclosures

AASB 9 Classification and measurement

Required disclosures ndash AASB 7 15 101 amp 108

Practical expedients used and qualitative impact of applying

expedient

AASB 7 amp AASB 15

Qualitative information about key changes

AASB 108

Quantitative reconciliation

of adjustments

AASB 108 AASB 7 amp AASB 15

Adjustment to basic and

diluted earnings per

AASB 108

Third balance sheet with

retrospective approach

AASB 101 amp AASB 108

AASB 15 Cumulative approach ndash current period disclose revenue amounts that would have been presented under AASB 118 111

Ongoing disclosures ndash Disclosure objective

Disclose quantitative and qualitative information to enable users to understand

the significance of financial instruments to an entityrsquos position

and performance the risk exposures resulting from such

financial instruments and how the entity manages those risks

FINANCIAL INSTRUMENTS

the nature amount timing and uncertainty of revenue and cash flows arising from contracts with

customers

REVENUE

AASB 7 (AASB 9) Disclosure requirements

Methods assumptions judgements and information used to measure the Expected Credit Loss (ECL)

Hedge instruments and Hedged items

Amount timing and uncertainty of future cash flows and the effects on financial position and performance

Disclose quantitative and qualitative information to enable users to understand the significance of financial

instruments to an entityrsquos position and performance the risk exposures resulting from such financial instruments

and how the entity manages those risks

Disclosure objective

Impairment Hedge accounting

AASB 139 or AASB 9

hedge accounting

AASB 15 Disclosure requirements

Performance obligationsContract balances

Disaggregation of revenue

Significant judgments

Costs to obtain or fulfil a contract

Disclose quantitative and qualitative information to enable users to understand the nature amount

timing and uncertainty of revenue and cash flows arising from contracts with customers

Initial application of AASB 9 and AASB 15 ndash half-year disclosuresHalf-year requirements

AASB 13416A(l)

Significant events and transactions ndash

explanation to understand change in financial position and performance

AASB 13415

If accounting policies or methods have

changed a description of

nature and effect of change

AASB 13416A(a)

BAU -disclosure

Transition disclosure

Accounting policies

Transition approach ndash 30 June 2018 half-year disclosures47 listed entities

Not stated - no material impact to revenue recognition

AASB 15AASB 9

55 - no or no material impact

Initial application of AASB 15 ndash 30 June 2018 half-year disclosuresDisaggregation of revenue

Disclosed gt 1 category of disaggregation2018 55 2017 40

47 listed entities

Products service

Timing

Geography

Operating Segment

20182017

Disclosed revenue disaggregated on a different basis compared to 2017 27

Regulatory update

ASIC financial statement surveillance 31 December 2017 results Enquiries from ASIC

90 listed and public interest entities

reviewed

20 Enquiries made

ASIC financial statement surveillance

Asset values and impairment testing

Impairment indicators

Carrying value of CGUs

Reasonableness of cash flows and assumptions

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Fee income recognition by a fund manager

Recognition before provision of goods and services

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

Application of tax legislation

Recovery of deferred tax assets

Disclosure of disputes with the ATO

ASIC focus areas

Inventories

Impairment and other

asset values

Accounting policy choice

selectionConsolidation

accounting

Sources of judgement

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

Financial Instruments

PPampE

New accounting standards

Recent changes to tax legislation

Do the changes impact you

Consolidation integrity

measures

What are the accounting considerations

Other integrity

measures(egDeductible

liabilities measures)

measures

Other integrity

measures

Reduction in Corporate Tax rates

Small businesses

Other integrity

measures

Small businesses

definition broadened

Australian Tax office Activity

Streamlined Assurance

Review Risk Review of Top

1000 taxpayers

Reportable tax position schedule

Extended to cover companies with

turnovergt$250million

When should an uncertain tax treatment be reflected in the financial statements

Uncertain tax treatments ndash whatrsquos changing under Interpretation 23

When should an uncertain tax treatment be reflected in the financial statementsKey test Is it probable that the tax authority will accept the treatment

Financial statements

Tax return

If yes thenhellip

Tax return

If yes thenhellip If no thenhellip

Tax return

Detection risk cannot be taken into account Assume that the tax authority would examine and have full knowledge of all

relevant information

Common examples of uncertain tax treatments in Australia

Transfer pricing

bull Intra-group financing arrangements

bull Tax residence of foreign subsidiaries

Thin capitalisation

Transfer pricing

Valuation of PPE amp intangible assets in thin cap calculations

Tax consolidation

Thin capitalisation

Transfer pricing

bull Deductions claimed under tax cost setting rules

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Gain or loss on sale of assets or

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

bull Deductions claimed for RampD tax incentives

Hot Topics

Contract ndash AASB 15 vs AASB 137

A contract in which the unavoidable costs of meeting the obligations under the contract exceed the economic benefits expected to be

received under it

An agreement between two or more parties that creates enforceable rights and obligations

Contract AASB 15

Onerous contract AASB 137

Onerous contract ndash expected economic benefits

Coffee Maker enters into a

MSA for customised

coffee machine

Q Can the expected purchase orders for the pods be included in the expected economic benefits

No minimum quantity for

number of pods in MSA

Revenue recognised as

coffee machine manufactured

Coffee machine

Sale price $300Cost $400

Anticipates coffee pod

sales to recoup loss

AASB 15 contract

SeparateAASB 15 contract

AASB 15 contract

AASB 137 contractExpected economic

benefits

Modification of debt instruments

AASB 139Financial Instruments

Recognition and Measurement

Mixed practice for Non-Substantial Modifications

Gain loss recognised immediately on

modification in PampL for Non-Substantial Modifications

Example 1 Non-substantial modification on transition to AASB 9

10 year $50m loan

Loan renegotiated to 35 pa

(6 years remaining)Non-substantial

modification

Q What is impact of modification on transition to AASB 9

Loan outstanding on transition to

AASB 9(5 years remaining)

Prior periods (AASB 139)

Original loan Transition date to AASB 9

Example 1 solution Non-substantial modification on transition to AASB 9

Date of modification

Applicable interest rate

First year of AASB 9

AASB 139

Original loan carry amt 50m

Modified loan carry amt 50m3 difference

Non-substantial modificationProspective recognition of gain

Gain loss in opening retained

earnings

Continue using original effective interest rate (4)

$11m gain to open retained

earnings3 difference

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

Modified loan carry amt 50m

Modification of terms

Substantial modification

bull De-recognise existing asset or liabilitybull Recognise new asset or liability at FV and

calculate a new effective interest rate (EIR)

bull Recognise any gain or loss in PampLbull Original and new transaction costs

recognised immediately in PampL (unless relates solely to new liability)

Non-substantial modification

bull Re-calculate the carrying amount by discounting the modified cash flows using the original effective interest rate (EIR)

bull Recognise change in PampLbull New and original transactions costs

capitalised and amortised over the remaining life using EIR method

ConsiderBoth quantitative and

qualitative considerations

$40m $50m ---

Example 2a Master financing agreement

Facility 5Facility 4Facility 3Facility 2Facility 1

Q What is the unit of account for the modification - 1 master financing agreement or 5 loan facilities

5 financiers

Modification to interest rate maturity date

and facility limit

-$50m - -$40m

Depends - facts and circumstance specific

and facility limit

5 financiers

-$40m $50m - -

Example 2b Master financing agreement

Q Is quantitative modification assessment performed on all loans or only those drawn down

and facility limit

Unit of accountEach Facility

5 financiers

-$40m $50m - -

and facility limit

Only on facilities loans drawn down

5 financiers

$40m $50m

Example 2c Master financing agreement

Facility 2Facility 1Drawn

5 financiers

Q Are expected future draw downs included in the quantitative assessment of whether a debt modification is substantial or not

Expect to draw down

an additional $50m

$40m $50m

Future expected draw downs not included

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Looking ahead ndash Amendments to Standards

‒ Business and Asset acquisition accounting can be very different‒ Changes how you determine whether a business is acquired‒ Issued in October 2018

Definition of a business

‒ Refines definition of materiality and clarify its characteristics‒ Standard expected to be issued early November 2018

Definition of material

Looking ahead ndash AASB projects

‒ Public Sector Licensor guidance issued‒ AASB 1059 deferred ‒ Fair value measurement‒ Insurance contracts amendments‒ Roundtables on extractive industry and goodwill

Public sector projects

ndash Across all sectors for-profit not-for-profit and public sector

ndash Seeks to develop criteria for application of reporting requirements

ndash Consultation on removing special purpose financials

Australian Financial Reporting

Framework

Change to focus solely on For-profit

Take-aways

Prepare for changes that impact you at 31 December 20181

Consider how you disclose impact of adoption to new financial instruments revenue standards and for standards not yet effective leases standards Be aware of ASIC and ATO focus areas and consider tax changes and uncertainties and their impact on your financial statements

Consider whether any of the Hot topics relating to onerous contracts and debt modifications impact on your current practices

Appendix

Standards effective for 31 December 2018Standards available for early adoption

Standards first effective ndash 31 December 2018 annual and half-years

Annual reporting periods beginning on or after 1 January 2018

Financial Instruments AASB 9

This standard includes revised guidance on the classification and measurement of financial assets including a new expected credit loss model for calculating impairment and new general hedge accounting requirements The 2014 version supersedes all prior versions of AASB 9 (issued in 2009 2010 and 2013)

Revenue from Contracts with Customer AASB 15

This standard contains a single model that applies to contracts with customers and two approaches to recognising revenue at a point in time or over time The model features a contract-based five-step analysis of transactions to determine whether how much and when revenue is recognisedFor not-for-profit entities AASB 15 applies for annual reporting periods beginning on or after 1 January 2019

Transfers of Investment Property

Amendments to AASB 140

Provides guidance on transfers to or from investment properties

Classification and Measurement of Share-based

Payment Transactions Amendments to AASB 2

Introduces new requirements for accounting for the effects of vesting and non-vesting conditions on cash-settled share-based payments share-based payment transactions with a net settlement feature for withholding tax obligations and modifications that change classification of share-based payment transactions from cash-settled to equity-settled

Foreign Currency Transactions and Advance

Consideration Interpretation 22

Provides guidance about the exchange rate to be used in reporting foreign currency transactions when advances are received

Annual Improvements 2014-2016 Cycle

Amendments to AASB 1 amp AASB 128

Amends the Investments in associates and joint ventures standard to allow a venture capital organisation or other qualifying entity to elect to measure its investments in an associate or joint venture at fair value through profit or loss rather than apply the equity method This election can be made on an investment-by-investment basis In addition a non-investment entity investor is able to elect to retain the fair value accounting in certain circumstances Amends AASB 1 to remove outdated exemptions for first time adopters of IFRS

Amendments and clarifications to AASB 4

Insurance ContractsProvides relief to insurers when adopting AASB 9 and clarification on the scoping of additional Australian specific standards for insurers

Standards available for early adoption

Prepayment features with negative compensationAmendments to AASB 9

Instruments with prepayment features that result in negative compensation can now be measured at amortised cost or at fair value through other comprehensive income (FVOCI) if they meet the other relevant requirements of AASB 9 The second amendment is more of an official clarification and will mean that companies that have modified or exchanged fixed rate financial liabilities face a significant change in the accounting for non-substantial modifications that do not result in de-recognition

Income of Not-for-profit entities

(AASB 1058 amp AASB 15 NFP Implementation guidance)

Changes the income recognition requirements that apply to not-for-profit (NFP) entities and requires an arrangement entered into by a NFP to be enforceable and sufficiently specific to be considered within the scope of AASB 15 The Standard replaces the income recognition requirements relating to private sector NFP entities previously in AASB 1004 Contributions and the majority of existing requirements for income recognition relating to public sector NFP entities For NFP entities AASB 15 applies for annual reporting periods beginning on or after 1 January 2019

NFP Public Sector Licensors (AASB 15 NFP Implementation

guidance)

Add requirements and implementation guidance for application by NFP public sector licensors to transactions involving the issue of licences Specifically the amendments expand the scope of AASB 15 to include non-contractual licences provide guidance distinguishing a licence from a tax and to clarify the types of licences issued by not-for-profit public sector licensors Recognition exemptions are provided for short-term licences and licences issued for a low transaction price

Long-term interests in associates and joint ventures

Address equity-accounted loss absorption by long-term interests involving the dual application of AASB 128 Investments in Associates and Joint Ventures and AASB 9 Financial Instruments An explanation o the annual sequence in which both standards are applied is provided

Plan amendment curtailment and settlement

Curtailment or settlement of a defined benefit plan updated actuarial assumptions are used to determine the current service cost and net interest for the periodThe effect of the asset ceiling is disregarded when calculating the gain or loss on any settlement of the plan and is dealt with separately in other comprehensive income

Amendments to AASB 3 AASB 11 AASB 112 and AASB 123

How a company accounts for increasing its interest in a joint operation that meets the definition of a businessAll income tax consequences of dividends are recognised consistently with the transactions that generated the distributable profits ndash ie in profit or loss OCI or equityWhich borrowing costs are included in the general pool of borrowing costs to calculate eligible borrowing costs which are able to be capitalised

LeasesAASB 16

Removes the classification of leases as either operating leases or finance leases ndash for the lessee ndash effectively treating all leases as finance leasesShort-term leases (less than 12 months) and leases of low-value are exempt from the lease accounting requirementsChanges in accounting over the life of the lease In particular companies will now recognise a front-loaded pattern of expense for most leases even when they pay constant annual rentalsLessor accounting remains similar to current practice ndash ie lessors continue to classify leases as finance and operating leases

Uncertain tax positionsInterpretation 23

Clarifies the impact of uncertain tax positions and the accounting for income tax treatments that have yet to be accepted by tax authorities whilst also aiming to enhance transparency

Service Concessions Grantors

AASB 1059

Guidance for public sector entities (grantors) who have entered into service concession arrangements with private sector operators Issued to address the divergence in practice and requires grantors to recognise a service concession asset and a corresponding liability on the balance sheet The initial balance sheet accounting as well as the ongoing profit or loss impacts could have implications for grantors

AASB 17Insurance contracts

Expected to result in lower deferral of acquisition expenses the introduction of risk adjustments for reporting purposes and a likely change in lsquoboundaryrsquo for certain contracts such as yearly renewable term insurance policies

Sale or Contribution of Assets between an Investor and its Associate or Joint VentureAmendments to AAB 3 and

AASB 128

Requires the full gain or loss to be recognised when the assets transferred meet the definition of a lsquobusinessrsquo under AASB 3 Business Combinations (whether housed in a subsidiary or not)

kpmgcomau

copy 2018 KPMG an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (ldquoKPMG Internationalrdquo) a Swiss entity All rights reserved

The KPMG name and logo are registered trademarks or trademarks of KPMG International

Liability limited by a scheme approved under Professional Standards Legislation

The information contained in this document is of a general nature and is not intended to address the objectives financial situation or needs of any particular individual or entity It is provided for information purposes only and does not constitute nor should it be regarded in any manner whatsoever as advice and is not intended to influence a person in making a decision including if applicable in relation to any financial product or an interest in a financial product Although we endeavour to provide accurate and timelyinformation there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future No one should act on such information without appropriate professional advice after a thorough examination of the particular situation

To the extent permissible by law KPMG and its associated entities shall not be liable for any errors omissions defects or misrepresentations in the information or for any loss or damage suffered by persons who use or rely on such information (including for reasons of negligence negligent misstatement or otherwise)

Are you ready for 31 December 2018 reporting

Agenda

Initial application of AASB 9 and AASB 15 ndash half-year disclosures

Transition approach ndash 30 June 2018 half-year disclosures

Initial application of AASB 15 ndash 30 June 2018 half-year disclosures

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

AppendixStandards effective for 31 December 2018Standards available for early adoption

Slide Number 68

Ben Seumahu

Julie Locke Anita Pozo-Jones

Kim Heng

ASIC ASX AASB ATO

activities

ApproachComparative

periodFirst year of

adoption

AASB 111 118

AASB 15

MixedRequirements

AASB 111 118

AASB 9 AASB 15

expedient

AASB 7 amp AASB 15

AASB 108

of adjustments

AASB 108

customers

REVENUE

AASB 139 or AASB 9

hedge accounting

AASB 13416A(l)

AASB 13415

AASB 13416A(a)

BAU -disclosure

Accounting policies

AASB 15AASB 9

47 listed entities

Products service

Timing

Geography

Operating Segment

20182017

Regulatory update

reviewed

20 Enquiries made

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

ASIC ASX AASB ATO

activities

ApproachComparative

periodFirst year of

adoption

AASB 111 118

AASB 15

MixedRequirements

AASB 111 118

AASB 9 AASB 15

expedient

AASB 7 amp AASB 15

AASB 108

of adjustments

AASB 108

customers

REVENUE

AASB 139 or AASB 9

hedge accounting

AASB 13416A(l)

AASB 13415

AASB 13416A(a)

BAU -disclosure

Accounting policies

AASB 15AASB 9

47 listed entities

Products service

Timing

Geography

Operating Segment

20182017

Regulatory update

reviewed

20 Enquiries made

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

ApproachComparative

periodFirst year of

adoption

AASB 111 118

AASB 15

MixedRequirements

AASB 111 118

AASB 9 AASB 15

expedient

AASB 7 amp AASB 15

AASB 108

of adjustments

AASB 108

customers

REVENUE

AASB 139 or AASB 9

hedge accounting

AASB 13416A(l)

AASB 13415

AASB 13416A(a)

BAU -disclosure

Accounting policies

AASB 15AASB 9

47 listed entities

Products service

Timing

Geography

Operating Segment

20182017

Regulatory update

reviewed

20 Enquiries made

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

ApproachComparative

periodFirst year of

adoption

AASB 111 118

AASB 15

MixedRequirements

AASB 111 118

AASB 9 AASB 15

expedient

AASB 7 amp AASB 15

AASB 108

of adjustments

AASB 108

customers

REVENUE

AASB 139 or AASB 9

hedge accounting

AASB 13416A(l)

AASB 13415

AASB 13416A(a)

BAU -disclosure

Accounting policies

AASB 15AASB 9

47 listed entities

Products service

Timing

Geography

Operating Segment

20182017

Regulatory update

reviewed

20 Enquiries made

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

ApproachComparative

periodFirst year of

adoption

AASB 111 118

AASB 15

MixedRequirements

AASB 111 118

AASB 9 AASB 15

expedient

AASB 7 amp AASB 15

AASB 108

of adjustments

AASB 108

customers

REVENUE

AASB 139 or AASB 9

hedge accounting

AASB 13416A(l)

AASB 13415

AASB 13416A(a)

BAU -disclosure

Accounting policies

AASB 15AASB 9

47 listed entities

Products service

Timing

Geography

Operating Segment

20182017

Regulatory update

reviewed

20 Enquiries made

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

ApproachComparative

periodFirst year of

adoption

AASB 111 118

AASB 15

MixedRequirements

AASB 111 118

AASB 9 AASB 15

expedient

AASB 7 amp AASB 15

AASB 108

of adjustments

AASB 108

customers

REVENUE

AASB 139 or AASB 9

hedge accounting

AASB 13416A(l)

AASB 13415

AASB 13416A(a)

BAU -disclosure

Accounting policies

AASB 15AASB 9

47 listed entities

Products service

Timing

Geography

Operating Segment

20182017

Regulatory update

reviewed

20 Enquiries made

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

ApproachComparative

periodFirst year of

adoption

AASB 111 118

AASB 15

MixedRequirements

AASB 111 118

AASB 9 AASB 15

expedient

AASB 7 amp AASB 15

AASB 108

of adjustments

AASB 108

customers

REVENUE

AASB 139 or AASB 9

hedge accounting

AASB 13416A(l)

AASB 13415

AASB 13416A(a)

BAU -disclosure

Accounting policies

AASB 15AASB 9

47 listed entities

Products service

Timing

Geography

Operating Segment

20182017

Regulatory update

reviewed

20 Enquiries made

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

ApproachComparative

periodFirst year of

adoption

AASB 111 118

AASB 15

MixedRequirements

AASB 111 118

AASB 9 AASB 15

expedient

AASB 7 amp AASB 15

AASB 108

of adjustments

AASB 108

customers

REVENUE

AASB 139 or AASB 9

hedge accounting

AASB 13416A(l)

AASB 13415

AASB 13416A(a)

BAU -disclosure

Accounting policies

AASB 15AASB 9

47 listed entities

Products service

Timing

Geography

Operating Segment

20182017

Regulatory update

reviewed

20 Enquiries made

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

expedient

AASB 7 amp AASB 15

AASB 108

of adjustments

AASB 108

customers

REVENUE

AASB 139 or AASB 9

hedge accounting

AASB 13416A(l)

AASB 13415

AASB 13416A(a)

BAU -disclosure

Accounting policies

AASB 15AASB 9

47 listed entities

Products service

Timing

Geography

Operating Segment

20182017

Regulatory update

reviewed

20 Enquiries made

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

customers

REVENUE

AASB 139 or AASB 9

hedge accounting

AASB 13416A(l)

AASB 13415

AASB 13416A(a)

BAU -disclosure

Accounting policies

AASB 15AASB 9

47 listed entities

Products service

Timing

Geography

Operating Segment

20182017

Regulatory update

reviewed

20 Enquiries made

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

AASB 139 or AASB 9

hedge accounting

AASB 13416A(l)

AASB 13415

AASB 13416A(a)

BAU -disclosure

Accounting policies

AASB 15AASB 9

47 listed entities

Products service

Timing

Geography

Operating Segment

20182017

Regulatory update

reviewed

20 Enquiries made

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

AASB 13416A(l)

AASB 13415

AASB 13416A(a)

BAU -disclosure

Accounting policies

AASB 15AASB 9

47 listed entities

Products service

Timing

Geography

Operating Segment

20182017

Regulatory update

reviewed

20 Enquiries made

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

AASB 13416A(l)

AASB 13415

AASB 13416A(a)

BAU -disclosure

Accounting policies

AASB 15AASB 9

47 listed entities

Products service

Timing

Geography

Operating Segment

20182017

Regulatory update

reviewed

20 Enquiries made

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

AASB 15AASB 9

47 listed entities

Products service

Timing

Geography

Operating Segment

20182017

Regulatory update

reviewed

20 Enquiries made

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

47 listed entities

Products service

Timing

Geography

Operating Segment

20182017

Regulatory update

reviewed

20 Enquiries made

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Regulatory update

reviewed

20 Enquiries made

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

reviewed

20 Enquiries made

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

reviewed

20 Enquiries made

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

reviewed

20 Enquiries made

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

reviewed

20 Enquiries made

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Use of Fair Values

Disclosures

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Use of Fair Values

Disclosures

Revenue recognition

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Use of Fair Values

Disclosures

Revenue recognition

Tax accounting

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

ASIC focus areas

Inventories

asset values

accounting

and estimation

Expense deferral

Tax accounting

Revenue recognition

GoodwillIntangibles

PPampE

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

measures

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Other integrity

measures

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Other integrity

measures

Small businesses

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Other integrity

measures

Small businesses

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

1000 taxpayers

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Tax return

If yes thenhellip

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Tax return

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Transfer pricing

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Tax consolidation

Thin capitalisation

Transfer pricing

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

business

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Tax consolidation

Thin capitalisation

Transfer pricing

Revenue vs capital

account

Other issues

business

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Hot Topics

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

received under it

Contract AASB 15

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

MSA for customised

coffee machine

Coffee machine

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

AASB 15 contract

benefits

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

10 year $50m loan

modification

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

AASB 139

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

earnings

AASB 139 AASB 9

50m 50m

50m 489m

AASB 139

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

$40m $50m ---

5 financiers

and facility limit

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

-$50m - -$40m

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

-$40m $50m - -

and facility limit

5 financiers

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

-$40m $50m - -

and facility limit

5 financiers

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

$40m $50m

5 financiers

Expect to draw down

an additional $50m

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

$40m $50m

5 financiers

Expect to draw down

an additional $50m

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Looking ahead

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Framework

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Take-aways

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

Appendix

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

guidance)

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

LeasesAASB 16

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

AASB 1059

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

AASB 128

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

kpmgcomau

Agenda

Regulatory update

ASIC focus areas

Hot Topics

Looking ahead

Take-aways

Slide Number 68

	Sales

Revenue recognition		7

Asset values and impairment		3

Tax accounting		2

Amortisation of intangible asests		2

Classification of liabilities as non-current		2

Business combinations		2

Other matters		14

Revenue recognition

Asset values and impairment

Tax accounting

Amortisation of intangible asests

Classification of liabilities as non-current

Business combinations

Other matters

	Sales

Revenue recognition		7

Asset values and impairment		3

Tax accounting		2

Amortisation of intangible asests		2

Classification of liabilities as non-current		2

Business combinations		2

Other matters		14

Revenue recognition

Asset values and impairment

Tax accounting

Amortisation of intangible asests

Classification of liabilities as non-current

Business combinations

Other matters

	Sales

Revenue recognition		7

Asset values and impairment		3

Tax accounting		2

Amortisation of intangible asests		2

Classification of liabilities as non-current		2

Business combinations		2

Other matters		14

Documents

Are you ready for 31 December 2018 - assets.kpmg · Foreign Currency Transactions and Advance Consideration . 7 ... New standards: 31 December 2018 reporting (year-end and interims)

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