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Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to IFRS 10 and IAS 28) [Completed]

Effective date:  To be determined. Refer to the separate project Deferring the Effective Date of the September 2014 Amendments to IFRS 10 and IAS 28.

Transitional provisions:

IASB is proposing to defer indefinitely the effective date of these amendments.

Last updated:

February 2015

Overview

The amendments address an acknowledged inconsistency between the requirements in IFRS 10 and those in IAS 28 (2011), in dealing with the sale or contribution of assets between an investor and its associate or joint venture. The main consequence of the amendments is that a full gain or loss is recognized when a transaction involves a business (whether it is housed in a subsidiary or not). A partial gain or loss is recognized when a transaction involves assets that do not constitute a business, even if these assets are housed in a subsidiary.

Other developments

September 2014

On September 11, 2014, the IASB published its narrow scope Amendments to IFRS 10 and IAS 28, Sale or Contribution of Assets between an Investor and its Associate or Joint Venture.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.