Global Standards for the world economy

Wednesday 18 September 2019

Banner graphic

Exposure Draft [September 2014]

Exposure Draft [September 2014]

Exposure Draft and Comment letters

On 16 September 2014 the International Accounting Standards Board (IASB) published for public comment an Exposure Draft detailing proposals concerning the measurement of investments in subsidiaries, joint ventures and associates at fair value when those investments are quoted in an active market.

The proposed amendments to IFRS 10 Consolidated Financial Statements, IFRS 12 Disclosure of Interests in Other Entities, IAS 27 Separate Financial Statements, IAS 28 Investments in Associates and Joint Ventures and IAS 36 Impairment of Assets aim to address questions received on:

  1. the unit of account for investments in subsidiaries, joint ventures and associates and on the fair value measurement when those investments are quoted in an active market (quoted investments); and
  2. the measurement of the recoverable amount of cash-generating units (CGUs) on the basis of fair value less costs of disposal when they correspond to entities that are quoted in an active market (quoted CGUs). 

The proposed amendments clarify that an entity should measure the fair value of quoted investments and quoted CGUs as the product of the quoted price for the individual financial instruments that make up the investments held by the entity and the quantity of financial instruments. 

The Exposure Draft also includes proposed amendments to the Illustrative Examples for IFRS 13 Fair Value Measurement to clarify questions received relating to the application of the exception in paragraph 48 of IFRS 13.  The example illustrates the fair value measurement of an entity’s net exposure to market risks arising from a group of financial assets and financial liabilities whose market risks are substantially the same and whose fair value measurement is categorised within Level 1 in the fair value hierarchy.

Comment letters


View the Comment letters.


Due process document
Exposure Draft Measuring Quoted Investments in Subsidiaries, Joint Ventures and Associates at Fair Value (Proposed amendments to IFRS 10, IFRS 12, IAS 27, IAS 28 and IAS 36 and Illustrative Examples for IFRS 13) [PDF]
公開草案:子会社、共同支配企業及び関連会社に対する相場価格のある投資の公正価値での測定 IFRS第10号、IFRS第12号、IAS第27号、IAS第28号及びIAS第36号並びにIFRS第13号に関する設例の修正案 [PDF] (Japanese) (コメント期限:2015年1月16日)
Proyecto de Norma Medición de las Inversiones Cotizadas en Subsidiarias, Negocios Conjuntos y Asociadas a Valor Razonable (Modificaciones propuestas a las NIIF 10, NIIF 12, NIC 27, NIC 28 y NIC 36 y Ejemplos ilustrativos de la NIIF 13)
[PDF] (Spanish) (Recepción de comentarios hasta el 16 de enero de 2015)
Exposé-sondage Évaluation à la juste valeur des participations dans des filiales, des coentreprises et des entreprises associées dont les titres sont cotés (projet de modification d’IFRS 10, d’IFRS 12, d’IAS 27, d’IAS 28, d’IAS 36 et des exemples accompagnant IFRS 13) [PDF] (French) (Date limite de réception des commentaires : le 16 janvier 2015)