Effective 1 January 2013 (1 January 2014 for EU preparers). 0000046672 00000 n The amendments in Long-term Interests in Associates and Joint Ventures (Amendments to IAS 28) are: The ammendments are accompanied by an illustrative example. Earlier application is permitted. The amendments are to be applied retrospectively but they provide transition requirements similar to those in IFRS 9 for entities that apply the amendments after they first apply IFRS 9. Earlier adoption is permitted. 0000006357 00000 n This page was last updated 30 January 2020. IAS 28 provides an exemption from applying the equity method to investment-linked insurance funds. H�\�݊�0����ܽX�8�h�!$����д��Jjhl�8y��� [�!�g4g��L��~�������bO�اx�n�����hV��ny�����Φ���~]�e?�&S����%��Ӧ�����R�0��ӯ�����S;���K}[�Ә8��ݻG�x�~��ԫ-.�M٘�*3W�_ɯ�7�xG�)���z(�~�z�ʬ�2kjܚ�;�{�Y�����r�8�� yޒ�`z:x�w�;���aj�y=��t�p�t�p�t�p�t�p�t�p�t�p��fYaV�fY�,�Y��g���Y�,ptp��?�@�������2 ���* endstream endobj 43 0 obj <> endobj 44 0 obj <> endobj 45 0 obj <>stream 0000003995 00000 n ... Illustrative Examples Comparison with IAS 32 . 0000026469 00000 n IE1 These examples portray hypothetical situations illustrating how an entity might apply some of the requirements in …
0000021562 00000 n 0000046937 00000 n Once entered, they are only
Earlier application is permitted. 0000006961 00000 n Full retrospective application is permitted if that is possible without the use of hindsight. Distributions received from the investee reduce the carrying value of the investment. The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. 0000036197 00000 n 0000001640 00000 n 0000004577 00000 n However, in May 2017 the Board decided to finalise the amendments as a narrow scope amendment in its own right. Each word should be on a separate line. 0000005654 00000 n Please note that to access electronic versions of IFRS through the links in these standard trackers you need to have first logged into eIFRS. The standard is amended to clarify that a fund held by an entity as the underlying items for a group of insurance contracts with direct participation features is an example of an investment-linked insurance fund. The final amendments contain a dissenting opinion as one Board member disagrees amending IAS 28 without also specifying the types of interests that an entity accounts for using the equity method and the types of interests that an entity accounts for applying IFRS 9. The ammendments are accompanied by an illustrative example. 0000029117 00000 n IFRS 17 Insurance Contracts amendment to IAS 28*, 5. Dissenting opinion. 2. 0000017168 00000 n 0000036248 00000 n 0000001176 00000 n
0000003349 00000 n 0000002372 00000 n However, the IFRS Interpretations Committee received a submission asking whether that scope exclusion applies only to interests in associates and joint ventures to which the equity method is applied, which seemed a point not clear to some stakeholders. 0000049512 00000 n 0000005853 00000 n Read more on EU Endorsement. To be applied to periods beginning on or after 1 January 2021. Find out how to join the faculty. 0000019067 00000 n 0000005209 00000 n In the consolidated statement of financial position the investment is initially carried at cost and subsequently adjusted for the investor’s share of profits or losses and other comprehensive income made by the investee.