EFRAG to study venture capital investments

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

15 Jan 2005

The European Financial Reporting Advisory Group (EFRAG) has Announced its intention to form a working party to examine issues relating to accounting for venture capital investments.

The working party will consider whether a limited exception to current IFRSs should be suggested. Among the current relevant IFRSs are IAS 27, which requires a venture capital investor to consolidate any entities over which it has the power of control, and IASs 28 and 31, which require a venture capital investor in associates or joint ventures to measure such investments at fair value through profit or loss if the investments are held for trading. Click to download the Terms of Reference (PDF 25k) for the proposed working party.

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