BC9 IFRS 12 replaces the disclosure requirements in IAS 27, IAS 28 and IAS 31, except for the disclosure requirements that apply only when preparing separate financial statements, which are included in IAS 27 Separate Financial Statements.

BC10 Unless otherwise stated, any references in this Basis for Conclusions to:

(a) IAS 27 are to IAS 27 Consolidated and Separate Financial Statements.

(b) IAS 28 are to IAS 28 Investments in Associates.

(c) IAS 31 are to IAS 31 Interests in Joint Ventures.