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Section 14 – Investments in Associates |
Ref |
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1. |
The financial statements shall disclose: a) the accounting policy for investments in associates; b) the carrying amount of investments in associates; and c) the fair value of investments in associates accounted for using the equity method for which there are published price quotations. |
14.12 |
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2. |
For investments in associates accounted for in accordance with the cost model, an investor shall disclose the amount of dividends and other distributions recognised as income. |
14.13 |
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3. |
For investments in associates accounted for in accordance with the equity method, an investor shall disclose separately its share of the profit or loss of such associates and its share of any discontinued operations of such associates. |
14.14 |
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4. |
For investments in associates accounted for in accordance with the fair value model, make the following disclosures: a) the basis for determining fair value, e.g. quoted market price in an active market or a valuation technique; b) the assumptions applied in determining fair value (where a valuation technique is used); and c) If a reliable measure of fair value is no longer available for ordinary or preference shares measured at fair value through profit or loss, disclose that fact. |
14.15 |
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5. |
The individual financial statements of an investor that is not a parent shall disclose summarised financial information about the investments in the associates, along with the effect of including those investments as if they had been accounted for using the equity method. Investing entities that are exempt from preparing consolidated financial statements, or would be exempt if they had subsidiaries, are exempt from this requirement.
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12.15A |
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