Commission Regulation (EU) 2015/2441 of 18 December 2015 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Accounting Standard 27 (Text with EEA relevance) (revoked)
EU Regulation 2015/2441 · Adopted 18 December 2015 · Extends to United Kingdom
Commission Regulation (EU) 2015/2441
of 18 December 2015
amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Accounting Standard 27
(Text with EEA relevance) (revoked)
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Annotations to the whole text
Textual amendments
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Regulation revoked (31.12.2020) by The International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/685), reg. 1(2), Sch. 2 para. 51 (with reg. 20(2)) (as amended by S.I. 2020/335, regs. 1, 5); 2020 c. 1, Sch. 5 para. 1(1)
Contents
- 1Article 1 Repealed
- 2Article 2 Repealed
- 3Article 3 Repealed
- Signature
- Annex Repealed
- Equity Method in Separate Financial Statements(Amendments to IAS 27) Repealed
- Amendments to IAS 27Separate Financial Statements Repealed
- DEFINITIONS Repealed
- 4The following terms are used in this Standard with the meanings specified: Repealed
- 5The following terms are defined in Appendix A of IFRS 10 Consolidated Financial Statements, Appendix A of IFRS 11 Joint Arrangements and paragraph 3 of IAS 28: Repealed
- 6Division 6 Repealed
- 7The financial statements of an entity that does not have a subsidiary, associate or joint venturer's interest in a joint venture are not separate financial statements. Repealed
- PREPARATION OF SEPARATE FINANCIAL STATEMENTS Repealed
- 10When an entity prepares separate financial statements, it shall account for investments in subsidiaries, joint ventures and associates either: Repealed
- 11BWhen a parent ceases to be an investment entity, or becomes an investment entity, it shall account for the change from the date when the change in status occurred, as follows: Repealed
- 12Dividends from a subsidiary, a joint venture or an associate are recognised in the separate financial statements of an entity when the entity's right to receive the dividend is established. The dividend is recognised in profit or loss unless the entity elects to use the equity method, in which case the dividend is recognised as a reduction from the carrying amount of the investment. Repealed
- EFFECTIVE DATE AND TRANSITION Repealed
- 18JDivision 18J Repealed
- Consequential amendments to other StandardsIFRS 1 First-time Adoption of International Financial Reporting Standards Repealed
- EFFECTIVE DATE Repealed
- 39ZDivision 39Z Repealed
- Investments in subsidiaries, joint ventures and associates Repealed
- D14When an entity prepares separate financial statements, IAS 27 requires it to account for its investments in subsidiaries, joint ventures and associates either: Repealed
- D15AIf a first-time adopter accounts for such an investment using the equity method procedures as described in IAS 28: Repealed
- IAS 28 Investments in Associates and Joint Ventures Repealed
- Changes in ownership interest Repealed
- 25If an entity's ownership interest in an associate or a joint venture is reduced, but the investment continues to be classified either as an associate or a joint venture respectively, the entity shall reclassify to profit or loss the proportion of the gain or loss that had previously been recognised in other comprehensive income relating to that reduction in ownership interest if that gain or loss would be required to be reclassified to profit or loss on the disposal of the related assets or liabilities. Repealed
- EFFECTIVE DATE AND TRANSITION Repealed
- 45BDivision 45B Repealed
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Signature
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Equity Method in Separate Financial Statements(Amendments to IAS 27)F1
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Amendments to IAS 27Separate Financial StatementsF1
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DEFINITIONSF1
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4The following terms are used in this Standard with the meanings specified:F1
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5The following terms are defined in Appendix A of IFRS 10 Consolidated Financial Statements, Appendix A of IFRS 11 Joint Arrangements and paragraph 3 of IAS 28:F1
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6F1
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7The financial statements of an entity that does not have a subsidiary, associate or joint venturer's interest in a joint venture are not separate financial statements.F1
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PREPARATION OF SEPARATE FINANCIAL STATEMENTSF1
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10When an entity prepares separate financial statements, it shall account for investments in subsidiaries, joint ventures and associates either:F1
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11BWhen a parent ceases to be an investment entity, or becomes an investment entity, it shall account for the change from the date when the change in status occurred, as follows:F1
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12Dividends from a subsidiary, a joint venture or an associate are recognised in the separate financial statements of an entity when the entity's right to receive the dividend is established. The dividend is recognised in profit or loss unless the entity elects to use the equity method, in which case the dividend is recognised as a reduction from the carrying amount of the investment.F1
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EFFECTIVE DATE AND TRANSITIONF1
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18JF1
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Consequential amendments to other StandardsIFRS 1 First-time Adoption of International Financial Reporting StandardsF1
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EFFECTIVE DATEF1
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39ZF1
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Investments in subsidiaries, joint ventures and associatesF1
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D14When an entity prepares separate financial statements, IAS 27 requires it to account for its investments in subsidiaries, joint ventures and associates either:F1
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D15AIf a first-time adopter accounts for such an investment using the equity method procedures as described in IAS 28:F1
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IAS 28 Investments in Associates and Joint VenturesF1
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Changes in ownership interestF1
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25If an entity's ownership interest in an associate or a joint venture is reduced, but the investment continues to be classified either as an associate or a joint venture respectively, the entity shall reclassify to profit or loss the proportion of the gain or loss that had previously been recognised in other comprehensive income relating to that reduction in ownership interest if that gain or loss would be required to be reclassified to profit or loss on the disposal of the related assets or liabilities.F1
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EFFECTIVE DATE AND TRANSITIONF1
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45BF1
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