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IAS 27 — Equity method in separate financial statements

Date recorded:

The project manager summarised the May 2013 decision of the IASB to propose an amendment to IAS 27 Separate Financial Statements that would allow an entity to measure its investment in a subsidiary, associate or joint venture using the equity method in its separate financial statements.

The project manager asked the IASB if they agree with the proposed transition requirements as well as with the proposed 120-day comment period and if the IASB is satisfied that all due process steps were taken so far.

The Board agreed with the transition requirements and the due process question, however one Board member suggested a shorter comment period of only 60 days would be sufficient to provide preparers as soon as possible with the proposed relief.

The Board agreed with the Board member on the shorter comment period.

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.