BC69D The Board decided that an entity applies paragraph B33CA to transactions in which joint control is obtained on or after the date it first applies the amendments. The Board concluded that the benefits of applying the amendments retrospectively were unlikely to exceed the costs of doing so because:

(a) the nature of such transactions varies and restatement might not provide useful trend information to users of financial statements; and

(b) applying a retrospective approach could result in significant costs for some entities because doing so could require an entity to analyse earlier acquisitions of interests in joint operations.