Division Amendments to IAS 32

IAS 32 Financial Instruments: Disclosure and Presentation is amended as described below.

Paragraph 96 is amended to read as follows (new text is underlined).

1. 96..

   An entity shall apply this Standard for annual periods beginning on or after 1 January 2005. Earlier application is permitted. An entity shall not apply this Standard for annual periods beginning before 1 January 2005 unless it also applies IAS 39 (as revised in 2003), including the amendments issued in March 2004. If an entity applies this Standard for a period beginning before 1 January 2005, it shall disclose that fact.