IAS 27 shall be applied in accounting for investments in subsidiaries, joint ventures and associates when an entity prepares separate financial statements.
PREPARATION OF SEPARATE FINANCIAL STATEMENTS
When an entity prepares separate financial statements, it shall account for investments in subsidiaries, joint ventures and associates either:
- at cost; or
- in accordance with IFRS 9 Financial Instruments (using the equity method).
The entity shall apply the same accounting for each category of investments. Investments accounted for at cost shall be accounted for in accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations when they are classified as held for sale (or included in a disposal group that is classified as held for sale). The measurement of investments accounted … Read more