BC1 This Basis for Conclusions summarises the International Accounting Standards Board's considerations in reaching its conclusions on amending IAS 29 Financial Reporting in Hyperinflationary Economies in 2008. Individual Board members gave greater weight to some factors than to others.
BC2 Paragraph 6 of the previous version of the Standard did not reflect the fact that a number of assets and liabilities may or must be measured on the basis of a current value rather than a historical value. Therefore, the Board included examples rather than a definitive list of such items by Improvements to IFRSs issued in May 2008.