EFRAG issues feedback statement on IASB's revised Exposure Draft ED/2013/10 Equity method in separate financial statements

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

03 Mar, 2014

The European Financial Reporting Advisory Group (EFRAG) has published a feedback statement summarising the main comments received from constituents invited to respond to their draft comment letter in relation to the International Accounting Standards Board’s (IASB’s) Exposure Draft ED/2013/10 ‘Equity method in separate financial statements’.

ED/2013/10 proposes to change IAS 27 Separate Financial Statements to:

  • Permit the equity method as one of the options to account for an entity's investments in subsidiaries, joint ventures and associates in the entity's separate financial statements.
  • Require applying the change retrospectively when an entity elects to change to the equity method.

EFRAG published their draft comment letter in January 2014 and the final comment letter was published in February 2014.  

The feedback statement (link to EFRAG website) provides an analysis of the EFRAG tentative position expressed in the draft comment letter, describes the comments received from constituents and then highlight how these comments were considered by the EFRAG Technical Group (EFRAG TEG) in reaching their final position on the IASB ED set out in their final comment letter to the International Accounting Standards Board (IASB). 

Click for:

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.