This Reporting Update discusses Regulatory Guide 230 Disclosing non-IFRS financial information. The guide is effective for 31 December 2011 and outlines ASIC's views on how non-IFRS financial information, like underlying profits and pro forma financial information should be disclosed.
The regulatory guide applies to all market releases, not just financial reports and also addresses pro forma financial information in transaction documents.
In order to comply with the regulatory guide the majority of entities will need to revise current practices for the disclosure of non-IFRS financial information.
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