NZ IFRIC 7
Applying the Restatement Approach under NZ IAS 29 Financial Reporting in Hyperinflationary Economies
Provides guidance on how to apply the requirements of NZ IAS 29 in a reporting period in which an entity identifies the existence of hyperinflation in the economy of its functional currency, when that economy was not hyperinflationary in the prior period, and the entity therefore restates its financial statements in accordance with NZ IAS 29.