This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our PRIVACY POLICY for more information on the cookies we use and how to delete or block them.
  • Disclosure Concessions

Disclosure Concessions available for Tier 2 For-profits for NZ IFRS 16 and NZ IAS 7

The New Zealand Accounting Standards Board (NZASB) has issued RDR NZ IFRS 16 and NZ IAS 7 which contain the reduced disclosure requirements (RDR) concessions for Tier 2 for-profit entities applying:

  • NZ IFRS 16 Leases; and
  • NZ IAS 7 Statement of Cash Flows as amended by Disclosure Initiative (Amendments to NZ IAS 7).

When the above two standards were released in 2016, they did not include any RDR concessions. This amending standard is thus useful to Tier 2 for-profit entities as it reduces the disclosure requirements contained in those standards, when RDR concessions are applied.

The standard (available here) is effective for periods beginning on or after 1 January 2019, with early adoption permitted.

For more on the above, please contact your local BDO representative.