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.
BC11 In developing IFRS 12, the Board did not reconsider all the requirements that are included in the IFRS. The requirements in paragraphs 11, 18 and 19 relate to disclosures about some of the accounting requirements in IFRS 10 Consolidated Financial Statements, which were carried forward from IAS 27 to IFRS 10 without being reconsidered by the Board. Consequently, the Board did not reconsider the requirements in those paragraphs. In addition, the requirements in paragraph 22 relate to disclosure
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