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Infrastructure Accounting Alert — IASB issues investment entities amendments to IFRS 10

Published on: 21 Dec 2012

In October 2012 the IASB issued an amendment to IFRS 10 Consolidated Financial Statements. An entity that qualifies as an investment entity will no longer consolidate its subsidiaries. Instead, it will measure these investments at fair value through profit or loss in accordance with IFRS 9.

This amendment may affect some funds which hold controlling interests in PPP/PFI projects. If the purpose of the fund is solely to maximise returns for investors and it has no significant involvement in managing the construction, operational or maintenance activities of the underlying infrastructure projects, it will need to consider whether it meets the definition of an investment entity.


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