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Division 56 F1

United Kingdom

Original text. Later amendments are not shown.

Under IFRS, the gains or losses on derecognition of investments in subsidiaries, joint ventures and associates shall be reported within ‘ Profit or (-) loss before tax from discontinued operations ’ where they are considered discontinued operations under IFRS 5. Under national GAAP based on BAD, those gains and losses shall be reported in ‘ Gains or (-) losses on derecognition of investments in subsidiaries, joint ventures and associates, net ’ .

Annotations

Textual amendments

F1

Substituted by Commission Implementing Regulation (EU) 2020/429 of 14 February 2020 amending Implementing Regulation (EU) No 680/2014 laying down implementing technical standards with regard to supervisory reporting of institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance).