BC190A The IFRS Interpretations Committee received a request to clarify whether a business meets the definition of a 'non-monetary asset'. The question was asked within the context of identifying whether the requirements of SIC‑13 Jointly Controlled Entities - Non‑Monetary Contributions by Venturers  [SIC‑13 has been withdrawn. The requirements in SIC‑13 are incorporated into IAS 28 (as amended in 2011).] and IAS 28 (as amended in 2011) apply when a business is contributed to a jointly controlled entity (as defined in IAS 31 [IAS 31 was superseded by IFRS 11 Joint Arrangements issued in May 2011.]), a joint venture (as defined in IFRS 11) or an associate, in exchange for an equity interest in that jointly controlled entity, joint venture or associate. The business may be contributed either when the jointly controlled entity, joint venture or associate is established or thereafter.