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European Union formally adopts amendments to IAS 27

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24 Dec 2015

The European Union has published a Commission Regulation endorsing the August 2014 amendments to IAS 27 that reinstate the equity method as an accounting option for investments in subsidiaries, joint ventures and associates in an entity's separate financial statements.

Commission Regulation (EC) No 2015/2441 of 18 December 2015 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council published in the Official Journal on 23 December 2015 adopts Equity Method in Separate Financial Statements (Amendments to IAS 27) issued by the IASB in August 2014. The EU effective date is the same as the IASB's effective date (annual periods beginning on or after 1 January 2016 with earlier appication permitted).

As a result of the EU's adoption, the EFRAG has updated its endorsement status report.

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