The “Summaries on a Page – New Zealand Equivalents to International Financial Reporting Standards” (“SOAPs NZ IFRS”) have been compiled to assist the user with gaining a high-level overview of the respective New Zealand Equivalents to International Financial Reporting Standards (“NZ IFRSs”), which include the Interpretations to the New Zealand Equivalents to International Financial Reporting Standards (“NZ IFRICs”).

What type of entity are you?

To make it easier for you we have divided our SOAPS into the two categories.

• Public Benefit Entity
• For-Profit Entity

The NZ IFRSs and NZ IFRICs contained herein include all standards and interpretations currently in issue at the time of uploaded to this website, that are applicable to Public Benefit Entities.

Some things to know about our SOAPs

Although every effort is made to provide accurate and timely information, there is no guaranteeing that such information is accurate as of the date it is downloaded or that it will continue to be accurate in the future.

No one should act upon such information without appropriate professional advice after a thorough examination of the particular facts and circumstances of the situation.

The SOAPs NZ IFRS are not a substitute to the user reading and gaining a thorough understanding of the NZ IFRS standards and interpretations.

It is intended that the SOAPs NZ IFRS will be updated from time to time to take into account any new NZ IFRS standards and interpretations or amendments to the NZ IFRS standards and interpretations. It should be noted that (generally) NZ IFRSs with an effective date on/after 1 January 2012 will not be applicable to Public Benefit Entities.

Please contact your local BDO representative to enquire about updated SOAPs NZ IFRS and for any assistance required in relation to NZ IFRS.

Please note that as it is intended for a user to add in and replace SOAPs NZ IFRS from time to time we have intentionally not included any page numbering on the SOAPs NZ IFRS. Instead, a user should refer to this contents page to determine which versions of the SOAPs NZ IFRS are currently effective.

Each SOAP NZ IFRS has a version number included in the top right hand corner. Users should check the version number on the SOAPs NZ IFRS against this Contents Page to determine if they are using the most up to date version.

If an NZ IFRS standard or interpretation has been revised with a future effective date, the revised standard or interpretation has also been included and is differentiated by (R) after the relevant standard or interpretation number.