The ASC has issued Amendment to SFRS(I) 16: Covid-19-Related Rent Concessions beyond 30 June 2021 and Amendment to FRS 116: Covid-19-Related Rent Concessions beyond 30 June 2021, effective for annual reporting periods beginning on or after 1 April 2021. An entity may early apply the amendments in financial statements not authorised for issue at 31 March 2021.
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