EFRAG update Endorsement Status Report
Released 11 February 2019
The European Financial Reporting Advisory Group (EFRAG) has updated its endorsement status report to reflect endorsement of amendments to IAS 28.
The European Union has published a Commission Regulation endorsing Amendments to IAS 28: Long-term Interests in Associates and Joint Ventures. The Amendments are effective for annual periods beginning on or after 1 January 2019. The Amendments clarify that an entity applies IFRS 9 Financial Instruments to financial instruments in an associate or joint venture to which the equity method is not applied. These include long-term interests that, in substance, form part of the entity's net investment in an associate or joint venture. The endorsement by the European Commission of Amendments to IAS 28: Long-term Interests in Associates and Joint Ventures is now reflected in the EFRAG endorsement status report.
For more information, see EFRAG ENDORSEMENT STATUS REPORT - UPDATE.