AASB 101 requires heritage assets to be disclosed separately on the statement of financial position.

Name: AASB 101 requires heritage assets to be disclosed separately on the statement of financial position.
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AASB 101 does not specifically require heritage assets to be disclosed separately on the statement of financial position. The standard requires assets to be presented based on their nature and function within the entity, without mandating a separate classification for heritage assets.

AASB 101 Requires Heritage Assets to Be Disclosed Separately on the Statement