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This article applies to:

  • Product: ONESOURCE Statutory Reporting
  • Subject: Templates

Version 13 - February 2025 (template release)

Template release pack

This release focuses on the legislative content changes, features, and correction updates for the period ending December 2024. The template is available on platform 6.28.9259, 6.29.9459, 6.30.9574, 6.31.9627, and 6.32.9713.

Release notes

  • Period end: December 2024
  • Update type: Major legislative changes and corrections
Overview
The key legislative updates will take effect for annual periods starting January 2024. These updates include:
  • International Tax Reform - Pillar Two Model Rules updates PAS 12
  • Amendments to PAS 1 address Classification of Liabilities as Current or Non-current
  • Amendments to PFRS 16 cover Lease Liability in Sale and Leaseback
  • Amendments to PAS 7 and PFRS 7 address Supplier Finance Arrangements Disclosures
  • Amendments to PAS 21 cover Lack of exchangeability • Amendments to IFRS 9 and IFRS 7 address Classification and Measurement of Financial Instruments
  • IFRS 18 covers Presentation and Disclosures in Financial Statements
  • IFRS 19 addresses Subsidiaries without Public Accountability: Disclosures
  • Amendments to PFRS 10 cover Consolidated Financial Statements and PAS 28, Sale or Contribution of Assets between an Investor and its Associate or Joint Venture
The release is on platforms 6.28.9259, 6.29.9459, 6.30.9574, 6.31.9627, and 6.32.9713.
We've created additional folders at the bottom of each annual report folder level and category structure to store dated content. Review these elements and create duplicates to retain elements.
Legislative updates
Refer to document
PH.CT (02.2025) (P 6.28.9259 C 13.0 - Content Change List (Full Version))
 for detailed changes of content updates.
Accounting reference number
Details
Amendments to PAS 12
International Tax Reform - Pillar Two Model Rules
Amendments to PAS 1
Classification of Liabilities as Current or Non-current
Amendments to PFRS 16
Lease Liability in a Sale and Leaseback
Amendments to PAS 7 and PFRS 7
Disclosures: Supplier Finance Arrangements
Amendments to PAS 21
Lack of exchangeability
Amendments to IFRS 9 and IFRS 7
Classification and Measurement of Financial Instruments
IFRS 18
Presentation and Disclosures in Financial Statements
IFRS 19
Subsidiaries without Public Accountability: Disclosures
Amendments to PFRS 10
Consolidated Financial Statements, and PAS 28, Sale or Contribution of Assets between an Investor and its Associate or Joint Venture
Corrections
Item ID
Title
Details and limitations
2470670
Add Lease liabilities expressions in Note 5 Capital management
We added subcategories under Interest bearing loans and borrowings and added the expression in Note 5.
2570338
Addition of content retention instruction
  • Renamed the old
    Content Retention
     folder under NLUC Categories to
    Pre 2024 [to be reviewed for deletion YE 2029]
    .
  • Added a new content retention tree structure folder with instructions at the bottom of:
    • Changes in accounting policies and disclosures
    • Significant accounting judgments, estimates, and assumptions
    • Standards issued but not yet effective
    • Appendices and Appendix – GAAP overlay
  • Moved outdated information to
    Pre 2024 [to be reviewed for deletion YE 2029]
    folders.
  • We'll review
    NLUC.FY22 - Pre 2024 [to be reviewed for deletion YE 2029]
     folders for deletion in the next 5 years.
Features
Item ID 2730142: Wording Adjustments to Disclosure Emphasis on Removing Outdated Content
We created a new folder named
Pre 2024 [to be reviewed for deletion YE 2029]
 under significant accounting judgments, estimates, and assumptions. We moved deleted list items to this folder.
We'll review
NLUC.FY22 - Pre 2024 [to be reviewed for deletion YE 2029]
 folders for deletion in the next 5 years.
Content changes
Item ID
Title
Details and limitations
2730133
Legislative changes to Single Entity
Note 3 - Significant accounting judgments
Note 4 - Revenue from contracts with customers
Note 5 - Capital management
Note 9 - Interest in a joint venture
Created
0Pre 2024 [to be reviewed for deletion YE 2029]
 folder and moved deleted list items under this folder.
Note 4: Edited the line item in the table.
Note 5: Added text in the paragraph.
Note 9: Added text in the paragraph.
2730134
Legislative changes to Single Entity Appendix 6
Created a new folder
Illustrative disclosure about Pillar Two taxes
 and added the information.
2730135
Legislative changes to Consolidated Entity Appendix 4, 5 and 6
Updated Appendix 4, 5 and 6 according to IFRS legislation changes. Added
Illustrative disclosure about Pillar Two taxes
 folder.
2730136
Legislative changes to Consolidated Entity
Note 3 - Significant accounting judgments
Note 4 - Revenue from contracts with customers
Note 5 - Capital management
Note 7 - Business combinations and acquisition of non-controlling interests
Note 9 - Interest in a joint venture
Created a
Pre 2024 [to be reviewed for deletion YE 2029]
 folder and moved deleted list items.
Note 4: Edited the line item in the table.
Note 5, 7, and 9: Added text in the paragraph.
2730137
Legislative changes to Consolidated Entity Notes
Note 13 - Discontinued operations
Note 14 - Income tax
Note 18 - Goodwill and intangible assets with indefinite useful lives
Note 19 - Financial assets and financial liabilities
Note 29 - Trade and other payables
Note 30 - Leases
Added
Consol
conditions
ShowConsol
 and
ShowSingle
 to the paragraph and created a grid table.
Note 14: Added new paragraph and edited grid table line-items.
Note 18 - Updated the text.
Note 19 - Updated the paragraph.
Note 29 - Created and linked the grid table.
Note 30 - Edited the paragraph text.
2529618
Subcategories for Interest bearing loans and borrowings
Added subcategories under Interest bearing loans and borrowings for both Current and Non-current.
2730139
Legislative changes to Single Entity Notes
Note 13 - Discontinued operations
Note 14 - Income tax
Note 18 - financial assets and financial liabilities
Note 29 - Trade and other payables
Note 30 - Leases
Added
Consol
conditions
ShowConsol
 and
ShowSingle
 to the paragraph and created a grid table.
Note 14: Added new paragraph.
Note 18 - Updated the text and changed line item.
Note 29 - Created and linked the grid table.
Note 30 - Edited the paragraph text.
2768026
Local legislative changes to Appendix
Implemented local legislative changes to Appendix.
2768020
Note 2 - Accounting policies
Added IFRS-related headers and paragraphs. Moved old local PH content to GAAP Overlay.
2768021
Notes Updates
Note 14: Inserted special character (,) in Discontinued operations paragraph.
Note 15: Inserted special character (;) in Income Tax paragraph.
2768022
Note 16 - Property, plant and equipment
Note 19 - Financial assets and financial liabilities
Note 16 - Updated text in Property, plant and equipment note.
Note 19 - Updated text in financial assets and liabilities note.
2768023
Note 21 - Trade receivables and contract assets
Note 24 - Issued capital and reserves
Updated note numbers in Trade receivables and contract assets note.
Issued capital and reserves note.
2768024
Note 28 - Contract liabilities
Note 30 - Leases
Updated note numbers in Contract liabilities and Leases notes.
2768027
Local legislative changes Appendix GAAP overlay
Implemented local legislative changes to Appendix GAAP Overlay.
2774685
Legislative Update Single entity
Implemented single entity model content changes in the report.
2730592
Legislative changes to the Single Entity Accounting Policies
Updated legislative changes in Single entity accounting policies note.
2673467
Legislative changes to the Consolidated Entity Accounting Policies
Updated legislative changes in Consolidated entity accounting policies note.
2730591
Legislative changes to Single Entity Standards
Updated legislative changes to Single Entity Standards are issued but not yet effective note.
2730590
Legislative changes to Consolidated Entity Standards
Updated legislative changes to Consolidated Entity Standards issued but not yet effective note.
2782209
Local Legislative Update for Single entity
Added supplementary schedule of external auditor fee-related information in the Single entity report.
XBRL changes
No XBRL changes
Impact on existing clients
No impacts.
Deviations from standard configuration
No deviations.
Appendix
No appendix.

Additional information

  • We created additional folders at the bottom of each annual report folder level and category structure to store dated content. Review these elements and create duplicates if you need to retain them. We'll review the
    Pre 2024 [to be reviewed for deletion YE 2029]
     folder for deletion in the next 5 years.
    To display appendix breakdown in the cover page contents list, move the 'Appendices' folder from the 'Financial statements' folder and place it at the same level as financial statements.
  • We added an option to display appendix breakdown in contents lists. The notes to financial statements already display the appendix breakdown. The cover page contents list currently shows only the appendix header.
  • We added new
    AppendixGUID
     and
    ShowAppendix
     variables to the cover page contents list.
  • To display appendix breakdown in the cover page contents list, move the
    Appendices
     folder from the
    Financial statements
     folder and place it at the same level as financial statements.

Known issues

  • We have made the upgraded OAP file for version 6.29.9459 available in this release pack. We have an issue with the report display elements even when they show as
    Never
    .
  • Grid headers can take up to 60 characters only. We previously linked all column headers to the grid column. When a column header exceeds 60 characters, you must remove the link on the header to the grid column and enter the complete heading manually.

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