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The Interpretations Committee recommends not to add the issue to Annual Improvements

 06 May 2011

The Interpretations Committee noted that the IASB had previously in December 2009 decided not to deal with the inconsistency within the joint venture project but to deal with it separately. The Interpretations Committee also noted that there are broader issues in relation to contributions to a JCE or associate in general, particularly involving the loss of control when a subsidiary becomes a JCE or an associate. The Interpretations Committee therefore concluded that this issue would be best resolved by referring it to the IASB as part of a broader project on equity accounting. Consequently, the Interpretations Committee decided to recommend that the IASB should not add the issue to Annual Improvements.

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