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ATTX Taxonomy Development Notes - ASX Appendix 4D


Appendix 4D contains the following items that were assessed for impact:
2 Results for announcement to the market
2.1 2.2 2.3 2.4 2.5 2.6
3 Net Tangible Assets
4 Controlled Entities
5 Dividend payments
6 Dividend Reinvestment Plans
7 Associates
8 Accounting Standards
9 Audit
  Denotes paragraphs resulting in a new element

2.1 The amount and percentage change up or down from the previous corresponding period of revenue from ordinary activities.
  • The amount and percentage change up or down from the previous corresponding period of profit (loss) from ordinary activities after tax attributable to members.
    • Comments This indicates a new Parent element called <Results for announcement to the market> to be created in a new Extended Link for specific ASX Disclosures.

    Two child elements are needed for the amount of the change and the percent of the change. The direction of the change can be signalled by the sign (+/-) of the amount. There are two existing IFRS elements for Revenue from Ordinary Activities - <RevenueTotalByFunction> and <RevenueTotalByNature$gt;. No matter which Income Statement format is used, these two amounts will be the same.

    Rather than require a decision as to which element to choose, a new element <RevenueTotalFromOPerations> could be created and an essence-alias link created to indicate they are the same concept with a different element name. As a sibling of one or both of these elements in a new extendedLink for ASX Disclosures, an element can be added for PerCentChangeInRevenueFromOperations. The percentage will need to be a decimal element where percentages are expressed in decimal terms – 7% would need to be entered as 0.07 – because the IFRS percentType is restricted to values between +100% and -100%. There is no guarantee that the percentage here would fall between those limits. The IFRS percentType was designed for use for percentage of ownership.

    We should add “FromPreviousCorrespondingPeriod” to clearly indicate the nature of the change required.

    IFRS Element There is no “section” in the IFRS taxonomy or the developing AIFRS extension taxonomy. A new extendedLink for ASX Disclosures will need to be created. The disclosure needs to be made for Appendix 4E and so both appendices can use the same new section.
    Options 1 
    Extended Link (ASX Disclosures)
	ASX Disclosures (Presentation) [string]
		Results For Announcement to Market [string]
			ifrs-gp:RevenueTotalByFunction [monetary]
			ifrs-gp:RevenueTotalByNature [monetary]
			PerCentChangeInRevenueFromOperations [decimal]
    2 
    Extended Link (ASX Disclosures)
	ASX Disclosures (Presentation) [string]
		Results For Announcement to Market [string]
			RevenueTotalFromOperations [monetary]
			PerCentChangeInRevenueFromOperations [decimal]
    3 
    Extended Link (ASX Disclosures)
	ASX Disclosures (Presentation) [string]
		Results For Announcement to Market [string]
			RevenueTotalFromOperations [monetary]
			PerCentChangeInRevenueFromOperationsFromPreviousCorrespondingPeriod [decimal]
    Decision ???
    [TP]we don't need to create a third representation of Revenue from Operations as this is not required to be disclosed in the App. The revenue will be disclosed in the instance somewhere - either "byFunction" or "byNature" - but we don't have to point to it, we just need to include the change. I recommend we just add 2 child elements to "Results for Announcement to the Market" for amount/pct change in "revenue from ordinary activities".
    New Elements Lable ASX Disclosures (Presentation)
    Type Abstract
    Parent This is the top element in extended link for ASX Disclosures
    Lable Results for Announcement to the Market
    Type stringItem
    Parent au-ifrs-gp:ASXDisclosuresPresentation
    Lable Change in Amount of Revenue from Ordinary Activities
    Type monetaryItem
    Parent au-ifrs-gp:ResultsForAnnouncementToTheMarket
    Lable Percent Change in Revenue from Ordinary Activities
    Type decimalItem
    Parent au-ifrs-gp:ResultsForAnnouncementToTheMarket

    2.2 The amount and percentage change up or down from the previous corresponding period of profit (loss) from ordinary activities after tax attributable to members.
    Comments ASX advised this is to be changed to Profit (loss) before tax from operations attributable to members.

    Two child elements are needed for the amount of the change and the percent of the change. The direction of the change can be signalled by the sign (+/-) of the amount. There is an existing IFRS element for Profit (Loss) Before Tax - <ProfitLossBeforeTax>, however email discussions with ASX indicate that there is not an equivalent element in IFRS so a new one will need to be created.

    As a sibling of this element in a new extendedLink for ASX Disclosures, an element can be added for <PerCentChangeInProfitLossBeforeTax>. The percentage will need to be a decimal element where percentages are expressed in decimal terms – 7% would need to be entered as 0.07 – because the IFRS percentType is restricted to values between +100% and -100%. There is no guarantee that the percentage here would fall between those limits. The IFRS percentType was designed for use for percentage of ownership.

    We should add “FromPreviousCorrespondingPeriod” to clearly indicate the nature of the change required.

    IFRS Element There is no “section” in the IFRS taxonomy or the developing AIFRS extension taxonomy. A new extendedLink for ASX Disclosures will need to be created. The disclosure needs to be made for Appendix 4E and so both appendices can use the same new section.
    Options 1 
    Extended Link (ASX Disclosures)
	ASX Disclosures (Presentation) [string]
		Results For Announcement to Market [string]
			ifrs-gp:ProfitLossFromOperations [monetary]
			PerCentChangeInProfitLossFromOperations [decimal]
    2 
    Extended Link (ASX Disclosures)
	ASX Disclosures (Presentation) [string]
		Results For Announcement to Market [string]
			ifrs-gp:ProfitLossFromOperations [monetary]
			PerCentChangeInProfitLossFromOperationsFromPreviousCorrespondingPeriod [decimal]
    3 
    Extended Link (ASX Disclosures)
	ASX Disclosures (Presentation) [string]
		Results For Announcement to Market [string]
			ProfitLossBeforeTaxFromOperationsAttributableToMembers [monetary]
			PerCentChangeInProfitLossBeforeTaxFromOperationsAttributableToMembersFromPreviousCorrespondingPeriod [decimal]
    Decision Kerry Clark (E&Y) suggested that "Profit(Loss) before tax attributable to ordinary members" was not normally calculated under IFRS. ASX advise that the difference will stay; at least until they complete a review of whether to just replicate AIFRS requirements in the Apps and indeed whether to keep the Apps at all. The results of that review will not be effective until end of 2007.

    The last time ASXdid a consultation on the data in the Apps there was no move to delete this special, non-AASB disclosure. Analysts seem to find it useful.

    Thus, Option 3 is the prefered course of action.

    New Elements Lable Change in Profit / Loss Before Tax From Operations Attributable to Members from Previous Period
    Type monetary
    Parent au-ifrs-gp:ResultsForAnnouncementToTheMarket
    Lable Percent Change in Profit / Loss Before Tax From Operations Attributable to Members from Previous Period
    Type decimal
    Parent au-ifrs-gp:ResultsForAnnouncementToTheMarket

    2.3 The amount and percentage change up or down from the previous corresponding period of net profit (loss) for the period attributable to members.
    Comments Two child elements are needed for the amount of the change and the percent of the change. The direction of the change can be signalled by the sign (+/-) of the amount. There is an existing IFRS element for Profit (Loss) Attributable to Members - <ProfitLossAttributableToEquityHoldersOfParent>, however email discussions with ASX indicate that there is not an equivalent element in IFRS so a new one will need to be created.

    As a sibling of this element in a new extendedLink for ASX Disclosures, an element can be added for <PerCentChangeInProfitLossAttributableToEquityHoldersOfParent>. The percentage will need to be a decimal element where percentages are expressed in decimal terms – 7% would need to be entered as 0.07 – because the IFRS percentType is restricted to values between +100% and -100%. There is no guarantee that the percentage here would fall between those limits. The IFRS percentType was designed for use for percentage of ownership.

    We should add “FromPreviousCorrespondingPeriod” to clearly indicate the nature of the change required.

    IFRS Element NA
    Options 1 Add amount and percent change element
    2
    Decision Add amount and percent change element
    New Elements Lable Profit / Loss Before Tax From Operations Attributable To Members
    Type monetary
    Parent au-ifrs-gp:ResultsForAnnouncementToTheMarket
    Lable Percent Change in Profit / Loss Before Tax From Operations Attributable To Members from Previous Period
    Type decimal
    Parent au-ifrs-gp:ResultsForAnnouncementToTheMarket

    2.4 The amount per security and franked amount per security of final and interim dividends or a statement that it is not proposed to pay dividends.
    Comments The amount and franked amount per security are covered by AASB101 Aus 126.4. The statement would be a new element to be created in the ASX Extended Link.

    To be able to use the IFRS section below, it will be necessary to copy these relationships into the new extended link being created so that the user only needs to “import” the ASX extendedLink rather the entire Explanatory Disclosures extendedLink into the contained schema that would be used for submitting this form.

    The same would need to be done for Preference Shares and Dividends Declared after Balance Sheet Date.

    IFRS Element
    Options 1 
    Extended Link (ASX Disclosures)
	ASX Disclosures (Presentation) [string]
		Results For Announcement to Market [string]
			ifrs-gp:DividendPaidOrdinaryShares [tuple]
				{Detail deleted}
			ifrs-gp:DividendProposedOrDeclaredButBNotPaidOrdinaryShares [tuple]
				{Detail deleted}
			ifrs-gp:DividendPaidPreferenceShares [tuple]
				{Detail deleted}
			ifrs-gp:DividendProposedOrDeclaredButBNotPaidPreferenceShares [tuple]
				{Detail deleted}
			StatementThatNoDividendsToBePaid [string]
    2 
    Extended Link (ASX Disclosures)
	ASX Disclosures (Presentation) [string]
		Results For Announcement to Market [string]
			ASX Dividend Disclosures [string]
				Detail of ASX Dividend Disclosures [string]
					ASX Dividend Disclosure [tuple]
						Class of Security [string]
						Amount of Dividend for Class of Security [monetary]
						Amount of Franked Dividend for Class of Security [monetary]
						Type of Dividend for Class of Security [string]
						Record Date for Class of Security [date]
					Statement That No Dividends to be Paid [string]
    Decision Create relationships in ASX Extended link to point to existing IFRS elements. create one new element in this extended link for the statement.
    New Element Lable Statement That No Dividends to be Paid
    Type stringItem
    Parent au-ifrs-gp:DetailOfASXDividendDisclosures

    2.5 The record date for determining entitlements to the dividends (if any).
    Comments The IFRS Taxonomy has an element for this for Dividends declared but not Paid. ASX have advised that we do not need a new element for this for Dividends Paid as the date of record is known for those and is not required to be disclosed. The ASX assumes this is for unpaid dividends only.
    IFRS Element
    Decision No new element required

    2.6 A brief explanation of any of the figures in 2.1 to 2.4 necessary to enable the figures to be understood.
    Comments A new child element under <Results for announcement to the market> to be included.
    IFRS Element NA
    Decision Add new element
    New Element Lable Explanation of any Factors Required to Enable Understanding of Results for Announcement to the Market
    Type StringItem
    Parent au-ifrs-gp:ResultsForAnnouncementToTheMarket

    3 Net tangible assets per security with the comparative figure for the previous corresponding period.
    Comments Even though most will only have one quoted security, allowance must be made for those with more - thus a tuple is required.
    IFRS Element NA
    Decision Add new element
    New Element Lable Net Tangible Assets Per Security Disclosures
    Type Tuple
    Parent au-ifrs-gp:ASXDisclosuresPresentation

    4 
    
Details of entities over which control has been gained or lost during the period, including the following.

	4.1	Name of the entity.
	4.2	The date of the gain or loss of control.
	4.3	Where material to an understanding of the report – the contribution of such entities to the 
		reporting entity’s profit from ordinary activities during the period and the profit or loss 
		of such entities during the whole of the previous corresponding period.
    Comments The tuples created for details of Subsidiaries, Associates and JV's (see example below) do not cater for those entities over which control has been lost during the period. Thus, a new tuple is required to handle these. The existing tuple does not contain the date control was gained for those acquired, so this would need to be added in any case. It is also not clear as to whether the contribution to the reporting entity's P&L is in aggregate or for each associate.
    The simplest solution seems to be to add new tuples for Entities Over Which Control Gained and Lost.
    AIFRS Extension Element
    Options 1 
    Extended Link (ASX Disclosures)
	ASX Disclosures (Presentation) [string]
		Detail of Entities Where Control Gained During Reporting Period [string]
			Entity Where Control Gained During Reporting Period [tuple]
				Name of Entity Where Control Gained During Reporting Period [string]
				Date on Which Control Gained Over Entity [date]
				Contribution to Profit (Loss) of Entity Where Control Gained During Reporting Period [monetary]
		Detail of Entities Where Control Lost During Reporting Period [string]
			Entity Where Control Lost During Reporting Period [tuple]
				Name of Entity Where Control Lost During Reporting Period [string]
				Date on Which Control Lost Over Entity [date]
				Contribution to Profit (Loss) of Entity Where Control Lost During Reporting Period [monetary]
    2 
    Extended Link (ASX Disclosures)
	ASX Disclosures (Presentation) [string]
		Detail of Entities Where Control Gained During Reporting Period [string]
			Entity Where Control Gained During Reporting Period [tuple]
				Name of Entity Where Control Gained During Reporting Period [sring]
				Date on Which Control Gained Over Entity [date]
			Contribution to Profit of Entities Where Control Gained During Reporting Period [monetary]
		Detail of Entities Where Control Lost During Reporting Period [string]
			Entity Where Control Lost During Reporting Period [tuple]
				Name of Entity Where Control Lost During Reporting Period [sring]
				Date on Which Control Lost Over Entity [date]
			Contribution to Profit of Entities Where Control Lost During Reporting Period [monetary]
    Decision ASX advise option 1
    New Elements Lable Details of Entities Over Which Control has been Gained
    Type Tuple
    Parent au-ifrs-gp:ASXDisclosuresPresentation
    Lable Name of Entity Over Which Control has been Gained
    Type StringItem
    Parent au-ifrs-gp:DetailsOfEntitiesOverWhichControlHasBeenGained
    Lable Unique Identifier of Entity Over Which Control has been Gained
    Type StringItem
    Parent au-ifrs-gp:DetailsOfEntitiesOverWhichControlHasBeenGained
    Lable Date On Which Control Was Gained
    Type dateItem
    Parent au-ifrs-gp:DetailsOfEntitiesOverWhichControlHasBeenGained
    Lable Contribution to Net Profit from Ordinary Activities By Entity Over Which Control has been Gained
    Type monetaryItem
    Parent au-ifrs-gp:DetailsOfEntitiesOverWhichControlHasBeenGained
    Lable Contribution to Net Profit from Ordinary Activities for Whole of Previous Period By Entity Over Which Control has been Gained
    Type monetaryItem
    Parent au-ifrs-gp:DetailsOfEntitiesOverWhichControlHasBeenGained
    Lable Details of Entities Over Which Control has been Lost
    Type Tuple
    Parent au-ifrs-gp:ASXDisclosuresPresentation
    Lable Name of Entity Over Which Control has been Lost
    Type StringItem
    Parent au-ifrs-gp:DetailsOfEntitiesOverWhichControlHasBeenLost
    Lable Unique Identifier of Entity Over Which Control has been Lost
    Type StringItem
    Parent au-ifrs-gp:DetailsOfEntitiesOverWhichControlHasBeenLost
    Lable Date On Which Control Was Lost
    Type dateItem
    Parent au-ifrs-gp:DetailsOfEntitiesOverWhichControlHasBeenLost
    Lable Contribution to Net Profit from Ordinary Activities By Entity Over Which Control has been Lost
    Type monetaryItem
    Parent au-ifrs-gp:DetailsOfEntitiesOverWhichControlHasBeenLost
    Lable Contribution to Net Profit from Ordinary Activities for Whole of Previous Period By Entity Over Which Control has been Lost
    Type monetaryItem
    Parent au-ifrs-gp:DetailsOfEntitiesOverWhichControlHasBeenLost

    Awaiting update.

    5 Details of individual and total dividends or distributions and dividend or distribution payments. The details must include the date on which each dividend or distribution is payable, and (if known) the amount per security of foreign sourced dividend or distribution.
    Comments Amount per security of foreign sourced dividend is not covered. This means adding an element to the tuple(s) and rebuilding with a similar-tuple definition created.
    IFRS Element
    Options 1
    2
    Decision
    New Element Lable
    Type
    Parent

    6 Details of any dividend or distribution reinvestment plans in operation and the last date for the receipt of an election notice for participation in any dividend or distribution reinvestment plan.
    Comments As there is the possibility of more than one such plan in operation at the time of the report, this will need to be handled by a new tuple. This should be in the ASX Disclosures Extended Link as it is only an ASX Listing requirement.
    IFRS Element NA
    Options 1 
    Extended Link (ASX Disclosures)
	ASX Disclosures (Presentation) [string]
		Detail of Dividend or Distribution Reinvestment Plans [string]
			Dividend or Distribution Reinvestment Plan [tuple]
				Description of Dividend or Distribution Reinvestment Plan [string]
				Last Date for Receipt of Election Notice for Participation in Dividend or Distribution 						Reinvestment Plan [Date]
    2 
    Extended Link (ASX Disclosures)
	ASX Disclosures (Presentation) [string]
    Decision Option 1
    New Element Lable Dividend or Distribution Reinvestment Plan Disclosures
    Type Tuple
    Parent au-ifrs-gp:ASXDisclosuresPresentation
    Lable Description of Dividend or Distribution Reinvestment Plan
    Type StringItem
    Parent au-ifrs-gp:DividendOrDistributionReinvestmentPlanDisclosures
    Lable Last date for Receipt of Election Notice for Participation in Dividend or Distribution Reinvestment Plan
    Type date Item
    Parent au-ifrs-gp:DividendOrDistributionReinvestmentPlanDisclosures

    7 Details of associates and joint venture entities including the name of the associate or joint venture entity and details of the reporting entity’s percentage holding in each of these entities and – where material to an understanding of the report - aggregate share of profits (losses) of these entities, details of contributions to net profit for each of these entities, and with comparative figures for each of these disclosures for the previous corresponding period.
    Comments As can be seen from the screen shot below, the existing tuple for Investment in Associate does not contain an element for the venturer’s (investor’s) share of profit. This will need to be added.

    The same applies to JVs but AIFRS breaks these down into Jointly Controlled Entities and Jointly Controlled Assets or Operations. Again, the tuples for these do not contain the element for profit contribution. AIFRS only requires an aggregate contribution to profit.

    The Option to include the tuple relationship in the ASX extendedLink is for when modularisation takes place later in the project.

    IFRS Element
    Options 1 
    Extended Link (ASX Disclosures)
	ASX Disclosures (Presentation) [string]
		Details of Investments in Associates and Joint Venture Entities
			Share of Net Profit from Associates and Joint Venture Entities, Aggregate
			Investment in Associate [tuple]
				{Detail as AIFRS tuple (see above)}
				Amount of Profit of Associate [monetary]
			Investment in Jointly Controlled Entity [tuple]
				{Detail as in AIFRS tuple}
				Amount of Profit of Jointly Controlled Entity [monetary]
			Investment in Jointly Controlled Operations or Assets [tuple]
				{Detail as in AIFRS tuple}
				Amount of Profit of Jointly Controlled Operations or Assets [monetary]
    2
    Decision Add elements as described in option 1

    8 For foreign entities, which set of accounting standards is used in compiling the report (e.g. International Accounting Standards).
    Comments Refer discussion at AASB101 Aus 13.2.

    Relationships only needed for future modularisation

    Decision Refer discussion at AASB101 Aus 13.2.

    9 For all entities, if the accounts are subject to audit dispute or qualification, a description of the dispute or qualification.
    Comments Although the Audit Report is out of scope for this project, the above indicates that some consideration of it is given. At the Melbourne Taxonomy Workshop on 11 May 2006, the group decided that some key elements could and should be included. They should be in a separate extended link that will act as a placeholder for more detailed disclosures that may be required in future.

    In addition to the text of the audit report (which is supposed to be attached/included), there is a specific requirement to describe the dispute or qualification. An element needs to be added for that. Once the physical copies hit the ASX they may get separated and the same may happen with the electronic stuff, so there should be elements to provide the nature of the dispute or qualification. It can be a tuple that will allow for more the one dispute/qualification or it can simply be a single text element to contain all of the disputes/qualifications.

    IFRS Element NA
    Options 1 
    Extended Link (ASX Disclosures)
	ASX Disclosures (Presentation) [string]
		Details Audit Disputes or Qualifications[string[
			Audit Dispute or Qualification [tuple]
				Description of Audit Dispute or Qualification [string]
    2 
    Extended Link (Audit Report Disclosures)
	Audit Report  Disclosures (Presentation) [string]
		Full Text of Audit Report [string]
		Type of Audit Engagement [string]
		Type of Audit Opinion [string]
		Details Audit Disputes or Qualifications [string]
			Audit Dispute or Qualification [tuple]
				Description of Audit Dispute or Qualification [string]
    Decision Noted as an Unresolved Issue
    New Element Lable Audit Report Disclosures (Presentation)
    Type Abstract
    Parent This is the top element in extended link for Audit Report Disclosures
    Lable Full Text of Audit Report
    Type stringItem
    Parent au-ifrs-gp:AuditReportDisclosuresPresentation
    Lable Type of Audit Engagement
    Type stringItem
    Parent au-ifrs-gp:FullTextOfAuditReport
    Lable Type of Audit Opinion
    Type stringItem
    Parent au-ifrs-gp:FullTextOfAuditReport

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