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Final stage

In October 2017, the Board issued Long-term interests in Associates and Joint Ventures (Amendments to IAS 28). The amendments clarify that a company applies IFRS 9 Financial Instruments to long-term interests in an associate or joint venture that form part of the net investment in the associate or joint venture.

The Board also published an example that illustrates how companies apply IAS 28 and IFRS 9 with respect to such long-term interests. The example can be accessed here.