IFRS

IAS 28 ‘Investments in Associates and Joint Ventures’

Teerasak Chuasrisakul Teerasak Chuasrisakul

The International Accounting Standards Board (IASB) has published amendments to IAS 28 ‘Investments in Associates and Joint Ventures’. The amendments clarify that companies account for long-term interests in an associate or joint venture-to which the equity method is not applied-using IFRS 9 'Financial Instruments'. This includes long-term interests that, in substance, form part of the entity's net investment in an associate or joint venture.

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