Disclosure Initiative – Primary Financial Statements – International Accounting Standards Board
Date recorded:
At its meeting on November 19, 2019, the IASB met to discuss how an entity should be required to classify, in the statement of profit or loss, income and expenses from investments in integral associates and joint ventures other than the share of profit or loss from such investments. The Board tentatively decided to:
- require an entity to classify income and expenses from integral associates and joint ventures in the integral associates and joint ventures category of the statement of profit or loss; and
- specify that income and expenses from integral associates and joint ventures include, in addition to the share of profit or loss of integral associates and joint ventures: (i) impairment losses and reversals of impairment losses on integral associates and joint ventures; and (ii) gains or losses on the disposal of integral associates and joint ventures.
The IASB staff will continue drafting the Exposure Draft.
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