This appendix is an integral part of the IFRS.
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"joint arrangement" |
An arrangement of which two or more parties have joint control. |
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"joint control" |
The contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. |
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"joint operation" |
A joint arrangement whereby the parties that have joint control of the arrangement have rights to the assets, and obligations for the liabilities, relating to the arrangement. |
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"joint operator" |
A party to a joint operation that has joint control of that joint operation. |
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"joint venture" |
A joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. |
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"joint venturer" |
A party to a joint venture that has joint control of that joint venture. |
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"party to a joint arrangement" |
An entity that participates in a joint arrangement, regardless o |