BC30 An entity may elect to use one or more of the following exemptions:
(a) business combinations (paragraphs BC31–BC40);
(b) deemed cost (paragraphs BC41–BC47K);
(c) employee benefits (paragraphs BC48–BC52);
(d) cumulative translation differences (paragraphs BC53–BC55C);
(e) compound financial instruments (paragraphs BC56–BC58);
(f) investments in subsidiaries, jointly controlled entities [‘Jointly controlled entities’ were defined in IAS 31 Interests in Joint Ventures. IFRS 11 Joint Arrangements, issued in May 2011, replaced IAS 31 and changed the terminology.] and associates (paragraphs BC58A–BC58M);
(g) assets and liabilities of subsidiaries, associates and joint ventures (paragraphs BC59–BC63);
(h) designation of previously recognised financial instruments (paragraph BC63A);
(i) share‑based payment transactions (paragraph BC63B);
(j) changes in existing decommissioning, restoration and similar liabilities included in the cost of property, plant and equipment (
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