1.30 How are the FS affected by changing the type of entity?

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The FS are affected as follows:

  • The Independent auditor's report wording changes

  • The description of the entity and the Board changes throughout the FS

  • Reference to the appropriate legislation changes

  • Equity, tax and dividend related notes and accounting policies are affected

  • The tax computation changes

The table below shows the default sections for each entity TYPE:

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