BC57 ED 9 carried forward the requirement in IAS 31 regarding contingent liabilities and proposed that an entity should separately disclose contingent liabilities relating to its interests in joint arrangements. The Board reconsidered that proposal in response to concerns raised by respondents to ED 9 who stated that separate disclosure of contingent liabilities relating to joint operations would be of limited value for the reasons noted in paragraph BC55.
BC58 The Board was again convinced by those reasons and, accordingly, decided not to require separate disclosure of contingent liabilities relating to an entity's interests in joint operations.