Paragraphs in the current IPSAS 25 that PBE IPSAS 39 Employee Benefits. The amount is calculated based on the unused sick leave entitlement that can be carried forward at balance date, to the extent that it will be used by staff to cover those future absences. Annual plans support long term plans and provide the basis for setting and assessing rates for the year to which they relate. 5. PBE IPSAS 39 is based on IPSAS 39, which was issued by the IPSASB to update its standards for the amendments to IAS 19 made by the IASB during the 2011-2015 period. PBE IPSAS 39 was issued in order to converge the PBE Standard with the amendments made to NZ IAS 19 in the 2011-2015 period. IPSAS 25, Employee Benefits Paragraphs proposed to be amended are shown with new text underlined and deleted text struck through. The scheme is a multi-employer defined benefit scheme. .�nn���j�F��l�^ܽsj���qސ�T�?.Q��B5L�\��j Created Date: 5/31/2017 10:51:57 PM pbe ipsas 25.17 A liability for sick leave is recognised to the extent that absences in the coming year are expected to be greater than the sick leave entitlements earned in the coming year. All the paragraphs have equal authority. The new standard: PBE IPSAS 29 Financial Instruments: Recognition and Measurement. PBE IPSAS 39 Employee Benefits 1 January 2019 PBE IPSAS 39 This Standard supersedes PBE IPSAS 25 Employee Benefits (2014). Microsoft® PowerPoint® 2013 The amount is calculated based on the unused sick leave entitlement that can be carried forward at balance date, to the extent that it will be used by staff to cover those future absences. The NZASB has issued ED NZASB 2016-11 PBE IPSAS 39 Employee Benefits, a proposed standard to replace PBE IPSAS 25 Employee Benefits. PBE IPSAS 22 Disclosure of Information About the General Government Sector4 PBE IPSAS 23 Revenue from Non-Exchange Transactions PBE IPSAS 25 Employee Benefits PBE IPSAS 26 Impairment of Cash-Generating Assets PBE IPSAS 27 Agriculture PBE IPSAS 28 Financial Instruments: Presentation PBE IPSAS 29 Financial Instruments: Recognition and Measurement Slow lowered from 29/33/37/41/45% to 25/30/35/40/45%; Vicious Strikes (W) Attack speed lowered from 55/65/75/85/95 to 50/60/70/80/90; Orianna. 833 IPSAS 25 PUBLIC SECTOR (b) Use those assets to provide benefits to employees of more than one entity, on the basis that contribution and benefit levels are determined without regard to the identity of the entity that employs the employees concerned. Recoverable amount = Higher of fair value less costs to sell and value in use. PBE IPSAS 39 is based on IPSAS 39, which was issued by the IPSASB to update its standards for the amendments to IAS 19 made by the IASB during the 2011-2015 period. 6. endstream endobj 3 0 obj <> endobj 5 0 obj <> endobj 38 0 obj <> endobj 39 0 obj <> endobj 150 0 obj <>42 0 R]/P 152 0 R/Pg 6 0 R/S/Link>> endobj 152 0 obj <> endobj 6 0 obj <>/MediaBox[0 0 841.92 595.2]/Parent 3 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/StructParents 0/Tabs/S/Type/Page>> endobj 154 0 obj <>stream PBE IPSAS 34-38 (relating to separate and consolidated financial statements, associates, joint ventures, joint arrangements and disclosure of interests in other entities), PBE IPSAS 39 Employee Benefits and new financial reporting amendments are already applicable for financial years ending 30 June 2020. PBE IPSAS 28 Financial Instruments: Presentation. February 25, 2021. 2014-11-07T14:37:58+13:00 SIGNIFICANT DISCLOSURE IS REQUIRED EMPLOYEE BENEFITS SHORT TERM EMPLOYEE BENEFITS Employee … We have included budget comparison figures only for the primary statements as per PBE IPSAS 1.21(e). These issues are not addressed in this Standard. New paragraphs from IAS 19, Employee Benefits that do not replace existing ones in IPSAS 25 are identified with a number and a capital letter underlined. Disclosure is encouraged but not required and therefore represents best practice Any reference to ‘IAS’, ‘IFRS’, ‘IFRIC’ etc. uuid:282cca6b-b8d8-440b-8196-edf733fd4122 Delivering Global Standards. All the paragraphs have equal authority except as noted otherwise. 2014-11-07T14:37:58+13:00 IPSAS 1 should be read in the context of its objective, the Basis for Conclusions, and the “Preface to International Public Sector Accounting Standards.” IPSAS 3, The requirements of PBE IPSAS 39 are substantially the same as the requirements for employee benefits in PBE IPSAS 25. PBE IPSAS 20: RELATED PARTY DISCLOSURES Effective Periods Beginning Version 1: 2014 1 July 2014 Joint Venture E and Associate F •The PBE IPSAS definition of a related party does not necessarily include Joint Venture E and Associate F above. These rates may be applied to other valuations where a risk-free discount rate or CPI assumption is used. 567 IPSAS 19 17. The requirements of PBE IPSAS 39 are substantially the same as Review of Simple Format Reporting Standards, Recent history of our Accounting Standards' Frameworks, Targeted Review of the Accounting Standards Framework, Convergence with international auditing & assurance standards, Frequently Asked Questions Tier 3 & 4 (NFP), Frequently Asked Questions Tier 1 & 2 (NFP), Description of the auditor's responsibilities, Guidelines for External Participants in XRB Online Meetings. 33(b)(i) Defined benefit schemes CSE makes employer contributions to the Defined Benefit Plan Contributors Scheme (the scheme), which is managed by the Board of Trustees of the National Provident Fund. Microsoft® PowerPoint® 2013 PBE IPSAS 20.25: CSE is a wholly owned entity of the Crown. PBE IPSAS 19 Provisions, Contingent Liabilities and Contingent Assets 32 PBE IPSAS 20 Related Party Disclosures 34 PBE IPSAS 21 Impairment of Non-Cash-Generating Assets 36 PBE IPSAS 22 Disclosure of Information About the … This Standard applies to contracts to buy or sell a non-financial item that are within the scope of PBE IPSAS 29 (see paragraphs 4–6 of PBE IPSAS 29). BDO Summary on a Page PBE IPSAS 39 is based on IPSAS 39, which was issued by the IPSASB to update its standards for the amendments to IAS 19 made by the IASB during the 2011-2015 period. PBE IPSAS 25 Employee Benefits PBE IPSAS 26 Impairment of Cash-Generating Assets PBE IPSAS 27 Agriculture PBE IPSAS 28 Financial Instruments: Presentation PBE IPSAS 29 Financial Instruments: Recognition and Measurement PBE IPSAS 30 Financial Instruments: Disclosures PBE IPSAS 31 Intangible Assets PBE IPSAS 32 Service Concession Arrangements: Grantor PBE IFRS 3 Business Combinations PBE … CASH FLOW STATEMENTS IPSAS 2 88 Net assets/equity is the residual interest in the assets of the entity after deducting all its liabilities. PBE IPSAS 26: IMPAIRMENT OF CASH-GENERATING Effective Periods Beginning ASSETS Version 1: 2014 1 July 2014 INDIVIDUAL ASSETS The smallest identifiable group of assets that generates cash flows that are independent of the cash inflows from other assets or group of assets. As the requirements of PBE IPSAS 25: Employee benefits that affect Council s. 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