- Removal of guidance on how to recognise the elimination of an unrealised gain or loss arising from investments in jointly controlled entities.
- Removal of time bands for capital and expenditure commitments.
- Simplification of Auditors' renumeration disclosures.
- Applicable for reporting periods beginning on or after 1 July 2011, with early adoption permitted.
This Reporting Update supersedes 10RU-019 issued in August 2010.