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Exposure Draft November 2012

Exposure Draft November 2012


 

 IASB publishes proposals for amendments to IAS 28


On 22 November 2012 the International Accounting Standards Board (IASB) published for public comment an Exposure Draft of proposed amendments to IAS 28 Investments in Associates and Joint Ventures.

The objective of the proposed amendments is to provide additional guidance to IAS 28 on the application of the equity method, a method of accounting whereby the investment is initially recognised at cost and subsequently adjusted to reflect the change in the investor’s share of the investee’s net assets. Specifically, it aims to provide guidance on how investors should recognise their share of the changes in the net assets of an investee that are not recognised in profit or loss or other comprehensive income of the investee, and that are not distributions received (‘other net asset changes’).

The issue originated from a submission to the IFRS Interpretations Committee. As a result, the Interpretations Committee recommended that the IASB amend IAS 28.  The IASB proposes that investors should recognise in the investors’ equity their share of the investee’s other net asset changes

Comment letter deadline

 

The draft Interpretation commenting period closed on 22 March 2013.

View the comment letters.

 

Due process document
Exposure Draft: Equity Method: Share of Other Net Asset Changes (Proposed amendments to IAS 28) [PDF]
Exposé-sondage: Méthode de la mise en équivalence: Quote-part des autres variations de l’actif net (French) [PDF]
公開草案: 持分法:その他の純資産変動に対する持分 (Japanese) [PDF]

 

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