At its meeting on May 22-24, 2023, the IASB to redeliberate the proposals in the Exposure Draft General Presentation and Disclosures on associates and joint ventures accounted for using the equity method and issues relating to management performance measures and IFRS 8 Operating Segments. The IASB reconfirmed its tentative decision to require all entities to classify, in the investing category in the statement of profit or loss, income and expenses from associates and joint ventures accounted for using the equity method. The IASB tentatively decided to provide transition requirements that will permit an entity to elect to measure investments in associates or joint ventures at fair value through profit or loss in accordance with IFRS 9 Financial Instruments when the investment is held by, or is held through, an entity that is a venture capital organisation, a mutual fund, unit trust and similar entities including investment-linked insurance funds (see paragraph 18 of IAS 28 Investments in Associates and Joint Ventures). The IASB tentatively decided to withdraw the new paragraph 38A of IAS 7 Statement of Cash Flows proposed in the Exposure Draft. As a result, an entity would be required to classify in a single category dividends received from associates and joint ventures accounted for using the equity method, applying the requirements applicable to the entity for other dividends received.

Review the Executive Summary on the AcSB's Web site.