Feedback on the European Discussion Paper on separate financial statements

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

16 Apr, 2015

The European Financial Reporting Advisory Group (EFRAG) has published a feedback statement summarising the main messages from respondents to EFRAG’s Discussion Paper 'Separate financial statements'.

The Discussion Paper, published in September 2014, considered how separate financial statements are used in Europe for economic decision-making and analysed the technical financial reporting issues that arise under IFRS when preparing such financial statements. The paper also proposed solutions to the issues identified and offered suggestions on how to consider separate financial statements in the future.

Respondents were supportive of the Discussion Paper as a way of stimulating the discussion on separate financial statements.  Although not all respondents considered that separate financial statements give rise to significant issues, the majority agreed that the IASB should review existing requirements on separate financial statements and develop a specific set of general principles that could be used as a basis to set requirements for them.

The press release and feedback statement are available on the EFRAG website.

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