Jonathan Faull
Director General, Financial Stability, Financial Services and Capital Markets Union
European Commission
1049 Brussels
19 December 2014
Dear Mr Faull,
Adoption of Equity Method in Separate Financial Statements (Amendments to IAS 27)
Based on the requirements of the Regulation (EC) No 1606/2002 of the European Parliament and of the Council on the application of international accounting standards we are pleased to provide our opinion on the Amendments to IAS 27 Equity Method in Separate Financial Statements (‘the Amendments’), which were issued by the IASB on 12 August 2014. It was issued as an Exposure Draft in December 2013 and EFRAG commented on that draft.
The objective of the Amendments is to permit entities to use the equity method, as described in IAS 28 Investments in Associates and Joint Ventures, to account for investments in subsidiaries, joint ventures and associates in their separate financial statements. The Amendments become effective for annual period
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