Global Standards for the world economy

Wednesday 18 September 2019

Banner graphic

Project news

Project News

Exposure Draft of proposed amendments IAS 28

 22 November 2012

The International Accounting Standards Board (IASB) today published for public comment an Exposure Draft of proposed amendments to IAS 28 Investments in Associates and Joint Ventures.

The objective of the proposed amendments is to provide additional guidance to IAS 28 on the application of the equity method, a method of accounting whereby the investment is initially recognised at cost and subsequently adjusted to reflect the change in the investor’s share of the investee’s net assets. Specifically, it aims to provide guidance on how investors should recognise their share of the changes in the net assets of an investee that are not recognised in profit or loss or other comprehensive income of the investee, and that are not distributions received (‘other net asset changes’).

The issue originated from a submission to the IFRS Interpretations Committee. As a result, the Interpretations Committee recommended that the IASB amend IAS 28. The IASB proposes that investors should recognise in the investors’ equity their share of the investee’s other net asset changes. 

The Exposure Draft can be accessed via the ‘Comment on a proposal’ page. The IASB requests comments to these proposals by 22 March 2013.


Press enquiries:

Mark Byatt, Director of Communications and External Affairs, IFRS Foundation
Telephone: +44 (0)20 7246 6472

Chris Welsh, Communications Manager, IFRS Foundation
Telephone: +44 (0)20 7246 6495

Technical enquiries:
Michael Stewart, Director of Implementation Activities, IASB
Telephone: +44 (0)20 7246 6922

Kazuhiro Sakaguchi, Seconded National Standards Fellow, IASB
Telephone: +44 (0)20 7246 6930