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17 December 2015
For immediate release
IASB postpones accounting changes for associates and joint ventures
until completion of broader review
The International Accounting Standards Board (IASB) has postponed the date when
entities must change some aspects of how they account for transactions between
investors and associates or joint ventures.
The postponement applies to changes introduced by the IASB in 2014 through narrow-scope
amendments to IFRS 10 Consolidated Financial Statements and IAS 28 Investments in
Associates and Joint Ventures. Those changes affect how an entity should determine any gain
or loss it recognises when assets are sold or contributed between the entity and an associate or
joint venture in which it invests. The changes do not affect other aspects of how entities account
for their investments in associates and joint ventures.
Today’s announcement removes the current requirement to make these particular changes by
The reason for making the decision to postpone the effective date is that the IASB is planning a
broader review that may result in the simplification of accounting for such transactions and of
other aspects of accounting for associates and joint ventures.
Notes to editors:
The amendment can be accessed here
Information about the changes made in 2014 can be accessed here.
Press enquiries:
Kirstina Reitan, Head of Communications, IFRS Foundation
Telephone: +44 (0)20 7246 6960
Email: [email protected]
The IFRS Foundation is a not-for-profit corporation under the General Corporation Law of the State of Delaware, United States of America
Registered Office: 1209 Orange Street | Wilmington | New Castle County | Delaware 19801 | United States of America | Company No.: FC023235
Technical enquiries:
April Pitman, Senior Technical Manager, IASB
Telephone: +44 (0) 20 7246 6492
Email: [email protected]
About the IFRS Foundation
The IFRS Foundation is an independent, not-for-profit organisation, overseen by a Monitoring
Board of public authorities. Its vision of a single set of global accounting standards is supported
by G20 leaders and other international organisations with responsibility for the global financial
The mission of the IFRS Foundation is to develop IFRS Standards that bring transparency,
accountability and efficiency to financial markets around the world, fostering trust, growth and
long-term financial stability. The International Accounting Standards Board (IASB) is the
standard-setting body of the IFRS Foundation, made up of independent experts from diverse
professional and geographical backgrounds. IFRS Standards are adopted by more than 100
countries globally.
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