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Exposure Draft [December 2012]

Exposure Draft [December 2012]


 Exposure Draft: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Proposed amendments to IFRS 10 and IAS 28) - Exposure Draft and comment letters


On 13 December 2012 the International Accounting Standards Board (IASB) published for public comment an Exposure Draft of proposed narrow-scope amendments to IFRS 10 Consolidated Financial Statements and IAS 28 Investments in Associates and Joint Ventures (2011).

The objective of the proposed amendments is to address an acknowledged inconsistency between the requirements in IFRS 10 and those in IAS 28 (2011), in dealing with the sale or contribution of a subsidiary.  The main consequence of the proposed amendments is that a full gain or loss would be recognised on the loss of control of a business (whether it is housed in a subsidiary or not), including cases in which the investor retains joint control of, or significant influence over, the investee.

The issue originated from a submission to the IFRS Interpretations Committee.  As a result, the Interpretations Committee recommended that the IASB should amend IFRS 10 and IAS 28 (2011).

Comment letters

The Exposure Draft commenting period closed on 23 April 2013.

Please note: when submitting a comment letter or when communicating with the IFRS Foundation, the IASB or any of its constituent bodies, you acknowledge and accept the IFRS Foundation Written Communication policy which details how we use and process your data.

View the comment letters.

 

Due process documents
Exposure Draft: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Proposed amendments to IFRS 10 and IAS 28) [PDF]
公開草案: 投資者とその関連会社又は共同支配企業の間での資産の売却又は拠出(IFRS第10号及びIAS第28号の修正案){Japanese) [PDF]
Exposé-sondage: Vente ou apport d’actifs entre un investisseur et une entreprise associée ou une coentreprise (projet de modification d’IFRS 10 et d’IAS 28) (French) [PDF]