Thursday 23 May 2013
The objective of this project is to provide additional guidance to IAS 28 Investments in Associates and Joint Ventures on the application of the equity method.
Specifically, the project aims to provide guidance on how an investor should recognise its 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, or that are not distributions received (‘other net asset changes’).
The issue originated from a submission to the IFRS Interpretations Committee (the Interpretations Committee), which recommended that the IASB amend the Standard. The IASB proposes that an investor should recognise in the investor’s equity its share of the investee’s other net asset changes
In March 2011, the Interpretations Committee received a request to:
Related standards: IAS 28 Investments in Associates and Joint Ventures …
The IASB today published for public comment an Exposure Draft of proposed amendments to IAS 28: Investments in Associates and Joint Ventures
IASB staff have begun drafting the amendment to IAS 28 (2011)
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