IAS 28 Investments in Associates.docx

IAS 28 Investments in Associates.docx

《IAS 28 Investments in Associates.docx》由会员分享，可在线阅读，更多相关《IAS 28 Investments in Associates.docx（20页珍藏版）》请在冰豆网上搜索。

IAS28InvestmentsinAssociates

IAS28InvestmentsinAssociates

ThisrevisedStandardsupersedesIAS28（revised2000）AccountingforInvestmentsinAssociatesandshouldbeappliedforannualperiodsbeginningonorafter1January2005.Earlierapplicationisencouraged.

Contents

IntroductionIN1-IN15

InternationalAccountingStandard28InvestmentsinAssociates

Scope1

Definitions2-5

SignificantInfluence6-10

EquityMethod11-12

Applicationoftheequitymethod13-34

ImpairmentLosses31-34

Separatefinancialstatements35-36

Disclosure37-40

Effectivedate41

Withdrawalofotherpronouncements42-43

Appendix:

AmendmentstoOtherPronouncements

ApprovalofIAS28bytheBoard

Basisforconclusions

Tableofconcordance

InternationalAccountingStandard28InvestmentsinAssociates（IAS28）issetoutinparagraphs1-43andtheAppendix.AlltheparagraphshaveequalauthoritybutretaintheIASCformatoftheStandardwhenitwasadoptedbytheIASB.IAS28shouldbereadinthecontextoftheBasisforConclusions,thePrefacetoInternationalFinancialReportingStandardsandtheFrameworkforthePreparationandPresentationofFinancialStatements.IAS8AccountingPolicies,ChangesinAccountingEstimatesandErrorsprovidesabasisforselectingandapplyingaccountingpoliciesintheabsenceofexplicitguidance.

Introduction

IN1.InternationalAccountingStandard28InvestmentsinAssociatesreplacesIAS28AccountingforInvestmentsinAssociates（revisedin2000）andshouldbeappliedforannualperiodsbeginningonorafter1 January2005.Earlierapplicationisencouraged.TheStandardalsoreplacesthefollowingInterpretations:

•   SIC-3EliminationofUnrealisedProfitsandLossesonTransactionswithAssociates

•   SIC-20EquityAccountingMethod-RecognitionofLosses

•   SIC-33ConsolidationandEquityMethod-PotentialVotingRightsandAllocationofOwnershipInterests.

ReasonsforRevisingIAS28

IN2.TheInternationalAccountingStandardsBoarddevelopedthisrevisedIAS28aspartofitsprojectonImprovementstoInternationalAccountingStandards.TheprojectwasundertakeninthelightofqueriesandcriticismsraisedinrelationtotheStandardsbysecuritiesregulators,professionalaccountantsandotherinterestedparties.Theobjectivesoftheprojectweretoreduceoreliminatealternatives,redundanciesandconflictswithintheStandards,todealwithsomeconvergenceissuesandtomakeotherimprovements.

IN3.ForIAS28theBoard'smainobjectivewastoreducealternativesintheapplicationoftheequitymethodandinaccountingforinvestmentsinassociatesinseparatefinancialstatements.TheBoarddidnotreconsiderthefundamentalapproachwhenaccountingforinvestmentsinassociatesusingtheequitymethodcontainedinIAS28.

TheMainChanges

IN4.ThemainchangesfromthepreviousversionofIAS28aredescribedbelow.

Scope

IN5.TheStandarddoesnotapplytoinvestmentsthatwouldotherwisebeassociatesorinterestsofventurersinjointlycontrolledentitiesheldbyventurecapitalorganisations,mutualfunds,unittrustsandsimilarentitieswhenthoseinvestmentsareclassifiedasheldfortradingandaccountedforinaccordancewithIAS39FinancialInstruments:

RecognitionandMeasurement.Thoseinvestmentsaremeasuredatfairvalue,withchangesinfairvaluerecognisedinprofitorlossintheperiodinwhichtheyoccur.

IN6.Furthermore,theStandardprovidesexemptionsfromapplicationoftheequitymethodsimilartothoseprovidedforcertainparentsnottoprepareconsolidatedfinancialstatements.TheseexemptionsincludewhentheinvestorisalsoaparentexemptinaccordancewithIAS27ConsolidatedandSeparateFinancialStatementsfrompreparingconsolidatedfinancialstatements（paragraph13（b））,andwhentheinvestor,thoughnotsuchaparent,cansatisfythesametypeofconditionsthatexemptsuchparents（paragraph13（c））.

SignificantInfluence

Potentialvotingrights

IN7.Anentityisrequiredtoconsidertheexistenceandeffectofpotentialvotingrightscurrentlyexercisableorconvertiblewhenassessingwhetherithasthepowertoparticipateinthefinancialandoperatingpolicydecisionsoftheinvestee.ThisrequirementwaspreviouslyincludedinSIC-33,whichhasbeensuperseded.

EquityMethod

IN8.TheStandardclarifiesthatinvestmentsinassociatesoverwhichtheinvestorhassignificantinfluencemustbeaccountedforusingtheequitymethodwhetherornottheinvestoralsohasinvestmentsinsubsidiariesandpreparesconsolidatedfinancialstatements.However,theinvestordoesnotapplytheequitymethodwhenpresentingseparatefinancialstatementspreparedinaccordancewithIAS27.

Exemptionfromapplyingtheequitymethod

IN9.TheStandarddoesnotrequiretheequitymethodtobeappliedwhenanassociateisacquiredandheldwithaviewtoitsdisposalwithintwelvemonthsofacquisition.Theremustbeevidencethattheinvestmentisacquiredwiththeintentiontodisposeofitandthatmanagementisactivelyseekingabuyer.Thewords"inthenearfuture"werereplacedwiththewords"withintwelvemonths".Whensuchanassociateisnotdisposedofwithintwelvemonthsitmustbeaccountedforusingtheequitymethodasfromthedateofacquisition,exceptinnarrowlyspecifiedcircumstances.

IN10.TheStandarddoesnotpermitaninvestorthatcontinuestohavesignificantinfluenceoveranassociatenottoapplytheequitymethodwhentheassociateisoperatingunderseverelong-termrestrictionsthatsignificantlyimpairitsabilitytotransferfundstotheinvestor.Significantinfluencemustbelostbeforetheequitymethodceasestobeapplicable.

Eliminationofunrealisedprofitsandlossesontransactionswithassociates

IN11.Profitsandlossesresultingfrom'upstream'and'downstream'transactionsbetweenaninvestorandanassociatemustbeeliminatedtotheextentoftheinvestor'sinterestintheassociate.TheconsensusinSIC-3hasbeenincorporatedintotheStandard.

Non-coterminousyear-ends

IN12.Whenfinancialstatementsofanassociateusedinapplyingtheequitymethodarepreparedasofareportingdatethatisdifferentfromthatoftheinvestor,thedifferencemustbenogreaterthanthreemonths.

Uniformaccountingpolicies

IN13.TheStandardrequiresaninvestortomakeappropriateadjustmentstotheassociate'sfinancialstatementstoconformthemtotheinvestor'saccountingpoliciesforreportingliketransactionsandothereventsinsimilarcircumstances.ThepreviousversionofIAS28providedanexceptiontothisrequirementwhenitwas"notpracticabletouseuniformaccountingpolicies".

Recognitionoflosses

IN14.Aninvestormustconsiderthecarryingamountofitsinvestmentintheequityoftheassociateanditsotherlong-terminterestsintheassociatewhenrecognisingitsshareoflossesoftheassociate.SIC-20limitedtherecognitionoftheinvestor'sshareoflossestothecarryingamountofitsinvestmentintheequityoftheassociate.Therefore,thatInterpretationhasbeensuperseded.

SeparateFinancialStatements

IN15.Therequirementsforthepreparationofaninvestor'sseparatefinancialstatementsareestablishedbyreferencetoIAS 27.

Scope

1.ThisStandardshallbeappliedinaccountingforinvestmentsinassociates.However,itdoesnotapplytoinvestmentsinassociatesheldby:

（a）venturecapitalorganisations,or

（b）mutualfunds,unittrustsandsimilarentitiesincludinginvestment-linkedinsurancefunds

thatuponinitialrecognitionaredesignatedasatfairvaluethroughprofitorlossorareclassifiedasheldfortradingandaccountedforinaccordancewithIAS39FinancialInstruments:

RecognitionandMeasurement.SuchinvestmentsshallbemeasuredatfairvalueinaccordancewithIAS39,withchangesinfairvaluerecognisedinprofitorlossintheperiodofthechange.

Definitions

2.ThefollowingtermsareusedinthisStandardwiththemeaningsspecified:

Anassociateisanentity,includinganunincorporatedentitysuchasapartnership,overwhichtheinvestorhassignificantinfluenceandthatisneitherasubsidiarynoraninterestinajointventure.

Consolidatedfinancialstatementsarethefinancialstatementsofagrouppresentedasthoseofasingleeconomicentity.

Controlisthepowertogovernthefinancialandoperatingpoliciesofanentitysoastoobtainbenefitsfromitsactivities.

Theequitymethodisamethodofaccountingwherebytheinvestmentisinitiallyrecognisedatcostandadjustedthereafterforthepost-acquisitionchangeintheinvestor'sshareofnetassetsoftheinvestee.Theprofitorlossoftheinvestorincludestheinvestor'sshareoftheprofitorlossoftheinvestee.

Jointcontrolisthecontractuallyagreedsharingofcontroloveraneconomicactivity,andexistsonlywhenthestrategicfinancialandoperatingdecisionsrelatingtotheactivityrequiretheunanimousconsentofthepartiessharingcontrol（theventurers）.

Separatefinancialstatementsarethosepresentedbyaparent,aninvestorinanassociateoraventurerinajointlycontrolledentity,inwhichtheinvestmentsareaccountedforonthebasisofthedirectequityinterestratherthanonthebasisofthereportedresultsandnetassetsoftheinvestees.

Significantinfluenceisthepowertoparticipateinthefinancialandoperatingpolicydecisionsoftheinvesteebutisnotcontrolorjointcontroloverthosepolicies.

Asubsidiaryisanentity,includinganunincorporatedentitysuchasapartnership,thatiscontrolledbyanotherentity（knownastheparent）.

Editorialnote:

Definitionof"jointcontrol"substitutedbyIFRS3witheffectforbusinesscombinationsforwhichtheagreementdateisonorafter31March2004,subjecttofurthertr