18/12/2014 - EFRAG's Final Endorsement Advice on IAS 27 - Equity Method in Separate Financial Statements

On 12 August 2014, the IASB published the amendments to IAS 27 Equity Method in Separate Financial Statements (The Amendments). The Amendments allow entities to account for their investments in subsidiaries, joint ventures and associates under the equity method in their separate financial statements.

EFRAG has issued its letter to the European Commission containing its Endorsement Advice relating to the Amendments for use in the European Union and European Economic Area.

EFRAG supports the adoption of the Amendments and recommends their endorsement. EFRAG's recommendation is explained in the letter to the European Commission and the accompanying Basis for Conclusions and Effects Study Report on the costs and benefits of implementing the Amendments.

The Letter to the European Commission can be found below.