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Wednesday 05 August 2015

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IFRS Interpretations Committee

IAS 28 Investments in Associates and Joint Ventures: Elimination of gains or losses arising from transactions between an entity and its associate or joint venture


 Narrow-scope amendments

IAS 28 Investments in Associates and Joint Ventures: Elimination of gains or losses arising from transactions between an entity and its associate or joint venture

The objective is to clarify the accounting for a ‘downstream’ transaction between an entity and its associate or joint venture when the gain from the transaction exceeds the carrying amount of the entity’s interest in the associate or joint venture. At its January 2015 meeting the IASB decided to combine this issue with a project entitled ‘Transactions between an Entity and its Associate or Joint Venture'. Please see that project for a record of progress on this issue after that date.

Project stages

Deliberations

Stage completed: July 2013



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