PET - Plain English Taxonomy

Attribute: BSAO14177
Concept:
Label: Assets
Concept Guidance:
This is the value, as at the relevant date, of a resource: (a) controlled by an entity as a result of past events; and (b) from which future economic benefits are expected to flow to the entity reported in accordance with Australian Accounting Standards. 
Dimensions
Dimension Member Description
(GIControlledEntity)
This dimension categorises reported information based on the type of relationship between two or more counterparties.
The counterparty in relation to the reported information is an entity over which the reporting party has the power to govern its financial and operational policies to obtain economic benefits for the reporting party. In the case of a reporting party that is a branch operation, this refers only to where the counterparty is controlled by the branch itself, not the entity of which the branch is a part.
(NotABIL)
This dimension classifies assets according to whether or not they have been classified as backing insurance liabilities or not.
The reported information relates to assets that have been classified by the reporting entity as not backing insurance liabilities of the reporting entity.
(NotOperational)
The intent of the transaction being entered into by the reporting entity.
Information in relation to assets or liabilities acquired or incurred principally for profit-taking purposes.