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Deferral of the Effective Date of Amendments to IFRS 10 and IAS 28 (issued in September 2014) (paras. BC190L-BC190O)

BC190L In September 2014, the Board amended IFRS 10 and IAS 28, for reasons described in paragraphs BC190A–BC190K ('the September 2014 Amendment'). Subsequently, the IFRS Interpretations Committee and the Board considered a number of other issues with respect to the sale or contribution of assets between an investor and its associate.

BC190M In June 2015, the Board decided:

(a) that these further issues should be addressed as part of its research project on equity accounting; and

(b) to defer the effective date of the September 2014 Amendment so that entities need not change how they apply IAS 28 twice in a short period. The Board published for public comment a proposal for that deferral in August 2015 in an Exposure Draft Effective Date of Amendments to IFRS 10 and IAS 28. The majority of respondents agreed with that proposal and with the rationale provided by the Board. In the light of that feedback, the Board finalised the deferral of the September 2014 Amendment in December 2015.

Comparing proposed amendment...