Berry Street Web Docs Financial Report 2009 | Page 33

BERRY STREET VICTORIA INC.
ABN 24 719 196 762

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2009

Note 23: NEW ACCOUNTING STANDARDS FOR APPLICATION IN FUTURE PERIODS (Continued)
AASB Interpretation 16:
Hedges of a Net Investment in a Foreign Operation (applicable for annual reporting periods commencing
from 1 October 2008).
Interpretation 16 applies to entities that hedge foreign currency risk arising from net investments in foreign
operations and that want to adopt hedge accounting. The Interpretation provides clarifying guidance on
several issues in accounting for the hedge of a net investment in a foreign operation and is not expected to
impact the association.
AASB Interpretation 17:
Distributions of Non-cash Assets to Owners (applicable for annual reporting periods commencing from 1
July 2009).
This guidance applies prospectively only and clarifies that non-cash dividends payable should be measured
at the fair value of the net assets to be distributed, where the difference between the fair value and carrying
value of the assets is recognised in profit or loss.

NOTE 24: ASSOCIATION DETAILS
The registered office and principal place of business of the entity is:
Berry Street Victoria Inc.
1 Salisbury Street
RICHMOND
VIC 3121
NOTE 25: SEGMENT REPORTING
The entity operates predominantly in one business and geographical segment, being in the provision of
services in the child welfare sector in Victoria.

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