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Section 15 – Investments in Joint Ventures |
Ref |
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1. |
The financial statements shall disclose the following: a) the accounting policy for recognising investments in jointly controlled entities; b) the carrying amount of investments in jointly controlled entities; c) the fair value of investments in jointly controlled entities accounted for using the equity method for which there are published price quotations; and d) the aggregate amount of its commitments relating to joint ventures, including its share in the capital commitments that have been incurred jointly with other venturers, as well as its share of the capital commitments of the joint ventures themselves. |
15.19 |
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2. |
For jointly controlled entities accounted for in accordance with the equity method, the venturer shall disclose separately its share of the profit or loss of such investments and its share of any discontinued operations of such jointly controlled entities. |
15.20 |
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3. |
For jointly controlled entities accounted for in accordance with the fair value model, the venturer shall make the disclosures required by paragraphs 11.43 and 11.44. |
15.21 |
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4. |
The individual financial statements of a venturer that is not a parent shall disclose summarised financial information about the investments in the jointly controlled entities, 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. |
15.21A |
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