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Deloitte comment letter on tentative agenda decision on IAS 27 — investment in a subsidiary accounted for at cost — partial disposal

Published on: 21 Nov 2018

We have commented on the IFRS In­ter­pre­ta­tions Committee's pub­li­ca­tion in the September 2018 IFRIC Update of the tentative decision not to take onto the Committee's agenda the request for clarification on the accounting for a loss of control of a subsidiary measured at cost in separate financial statements.

We agree with the IFRS In­ter­pre­ta­tions Committee's decision not to add this item onto its agenda for the reasons set out in the tentative agenda decision although we do not find the analogies to IAS 28 Investments in Associates and Joint Ventures and to the investment entity requirements of IAS 27 persuasive in terms of the recognition of any difference between cost and fair value when IFRS 9 Financial Instruments is first applied.

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