This appendix is an integral part of the IFRS. It describes the application of paragraphs 1-27 and has the same authority as the other parts of the IFRS.
B1 The examples in this appendix portray hypothetical situations. Although some aspects of the examples may be present in actual fact patterns, all relevant facts and circumstances of a particular fact pattern would need to be evaluated when applying IFRS 11.
Joint arrangements
Contractual arrangement (paragraph 5)
B2 Contractual arrangements can be evidenced in several ways. An enforceable contractual arrangement is often, but not always, in writing, usually in the form of a contract or documented discussions between the parties. Statutory mechanisms can also create enforceable arrangements, either on their own or in conjunction with contracts between the parties.
B3 When joint arrangements are structured through a separate vehicle (see paragraphs B19-B33), the contractual arrangement, or some aspects of the contractual arrangement,
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