BCZ277 In 2013 the IFRS Interpretations Committee reported to the IASB that there was uncertainty about the requirements in IAS 1 for presenting an entity's share of items of other comprehensive income of associates and joint ventures accounted for using the equity method. The IASB agreed that IAS 1 allowed for diverse interpretations, and therefore decided:
(a) to clarify that IAS 1 (now in paragraphs 88-89 of IFRS 18) requires entities to present the share of other comprehensive income of associates and joint ventures accounted for using the equity method, separated into the share of items that:
(i) will not be reclassified subsequently to profit or loss; and
(ii) will be reclassified subsequently to profit or loss when specific conditions are met; and
(b) to amend the Guidance on Implementing IAS 1 to reflect the clarifications (now in paragraphs 88-89 of IFRS 18).
The IASB noted that whether an amount is reclassified to profit or loss is determined by the nature of the underlying i
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