BOQ clarifies AIFRS impact


Bank of Queensland has today released to the ASX detailed documents to provide the comparative figures and key reconciliations required on transition to the new Australian-equivalent International Financial Reporting Standards (AIFRS).


The 2006 interim results will be the first for the Bank under AIFRS, and will contain a number of different accounting treatments and disclosures from those of previous statutory reports.


In order to give analysts and investors the opportunity to digest the impact of AIFRS on the Bank, the Bank has released this document a week prior to the release of its 2006 interim results on April 6.


A more comprehensive discussion of the impacts of AIFRS on the Bank will be contained in the 2006 interim results.


Full details on the process are available in the introduction to the document.