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Commission Regulation (EU) 2018/182 of 7 February 2018 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 28 and International Financial Reporting Standards 1 and 12 (Text with EEA relevance) (revoked)

EU Regulation 2018/182 · Adopted 7 February 2018 · Extends to United Kingdom

Original text. legislation.gov.uk does not revise this item, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Commission Regulation (EU) 2018/182

of 7 February 2018

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 28 and International Financial Reporting Standards 1 and 12

(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. 59 (with reg. 20(2)) (as amended by S.I. 2020/335, regs. 1, 5); 2020 c. 1, Sch. 5 para. 1(1)

Contents

  1. 1Article 1 Repealed
  2. 2Article 2 Repealed
  3. 3Article 3 Repealed
  4. Signature
  5. Annex Repealed
  6. Annual Improvements to IFRS Standards2014–2016 Cycle Repealed
  7. Amendments to IFRS 1 Repealed
  8. IFRS 1 First-time Adoption of International Financial Reporting Standards Repealed
  9. EFFECTIVE DATE Repealed
  10. 39D[Deleted] Repealed
  11. 39F[Deleted] Repealed
  12. 39LIAS 19 Employee Benefits (as amended in June 2011) amended paragraph D1 and deleted paragraphs D10 and D11. An entity shall apply those amendments when it applies IAS 19 (as amended in June 2011). Repealed
  13. 39TInvestment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27), issued in October 2012, amended paragraphs D16, D17 and Appendix C. An entity shall apply those amendments for annual periods beginning on or after 1 January 2014. Earlier application of Investment Entities is permitted. If an entity applies those amendments earlier it shall also apply all amendments included in Investment Entities at the same time. Repealed
  14. 39AA[Deleted] Repealed
  15. 39ADDivision 39AD Repealed
  16. APPENDIX EShort-term exemptions from IFRSs Repealed
  17. E3Division E3 Repealed
  18. E4Division E4 Repealed
  19. E4ADivision E4A Repealed
  20. E5Division E5 Repealed
  21. E6Division E6 Repealed
  22. E7Division E7 Repealed
  23. Amendments to IFRS 12 Repealed
  24. IFRS 12 Disclosure of Interests in Other Entities Repealed
  25. SCOPE Repealed
  26. 5AExcept as described in paragraph B17, the requirements in this IFRS apply to an entity's interests listed in paragraph 5 that are classified (or included in a disposal group that is classified) as held for sale or discontinued operations in accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. Repealed
  27. SUMMARISED FINANCIAL INFORMATION FOR SUBSIDIARIES, JOINT VENTURES AND ASSOCIATES (PARAGRAPHS 12 AND 21) Repealed
  28. B17Division B17 Repealed
  29. EFFECTIVE DATE AND TRANSITION Repealed
  30. C1DAnnual Improvements to IFRS Standards 2014–2016 Cycle, issued in December 2016, added paragraph 5A and amended paragraph B17. An entity shall apply those amendments retrospectively in accordance with IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors for annual periods beginning on or after 1 January 2017. Repealed
  31. Amendments to IAS 28 Repealed
  32. IAS 28 Investments in Associates and Joint Ventures Repealed
  33. Exemptions from applying the equity method Repealed
  34. 18When an investment in an associate or a joint venture is held by, or is held indirectly through, an entity that is a venture capital organisation, or a mutual fund, unit trust and similar entities including investment-linked insurance funds, the entity may elect to measure that investments at fair value through profit or loss in accordance with IFRS 9. An entity shall make this election separately for each associate or joint venture, at initial recognition of the associate or joint venture. Repealed
  35. Equity method procedures Repealed
  36. 36ANotwithstanding the requirement in paragraph 36, if an entity that is not itself an investment entity has an interest in an associate or joint venture that is an investment entity, the entity may, when applying the equity method, elect to retain the fair value measurement applied by that investment entity associate or joint venture to the investment entity associate's or joint venture's interests in subsidiaries. This election is made separately for each investment entity associate or joint venture, at the later of the date on which (a) the investment entity associate or joint venture is initially recognised; (b) the associate or joint venture becomes an investment entity; and (c) the investment entity associate or joint venture first becomes a parent. Repealed
  37. EFFECTIVE DATE AND TRANSITION Repealed
  38. 45EDivision 45E Repealed

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3F1

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Signature

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Annual Improvements to IFRS Standards2014–2016 CycleF1

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Amendments to IFRS 1F1

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IFRS 1 First-time Adoption of International Financial Reporting StandardsF1

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EFFECTIVE DATEF1

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39D[Deleted]F1

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39F[Deleted]F1

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39LIAS 19 Employee Benefits (as amended in June 2011) amended paragraph D1 and deleted paragraphs D10 and D11. An entity shall apply those amendments when it applies IAS 19 (as amended in June 2011).F1

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39TInvestment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27), issued in October 2012, amended paragraphs D16, D17 and Appendix C. An entity shall apply those amendments for annual periods beginning on or after 1 January 2014. Earlier application of Investment Entities is permitted. If an entity applies those amendments earlier it shall also apply all amendments included in Investment Entities at the same time.F1

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39AA[Deleted]F1

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39ADF1

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APPENDIX EShort-term exemptions from IFRSsF1

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E7F1

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Amendments to IFRS 12F1

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IFRS 12 Disclosure of Interests in Other EntitiesF1

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SCOPEF1

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5AExcept as described in paragraph B17, the requirements in this IFRS apply to an entity's interests listed in paragraph 5 that are classified (or included in a disposal group that is classified) as held for sale or discontinued operations in accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations.F1

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SUMMARISED FINANCIAL INFORMATION FOR SUBSIDIARIES, JOINT VENTURES AND ASSOCIATES (PARAGRAPHS 12 AND 21)F1

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B17F1

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EFFECTIVE DATE AND TRANSITIONF1

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C1DAnnual Improvements to IFRS Standards 2014–2016 Cycle, issued in December 2016, added paragraph 5A and amended paragraph B17. An entity shall apply those amendments retrospectively in accordance with IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors for annual periods beginning on or after 1 January 2017.F1

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Amendments to IAS 28F1

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IAS 28 Investments in Associates and Joint VenturesF1

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Exemptions from applying the equity methodF1

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18When an investment in an associate or a joint venture is held by, or is held indirectly through, an entity that is a venture capital organisation, or a mutual fund, unit trust and similar entities including investment-linked insurance funds, the entity may elect to measure that investments at fair value through profit or loss in accordance with IFRS 9. An entity shall make this election separately for each associate or joint venture, at initial recognition of the associate or joint venture.F1

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Equity method proceduresF1

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36ANotwithstanding the requirement in paragraph 36, if an entity that is not itself an investment entity has an interest in an associate or joint venture that is an investment entity, the entity may, when applying the equity method, elect to retain the fair value measurement applied by that investment entity associate or joint venture to the investment entity associate's or joint venture's interests in subsidiaries. This election is made separately for each investment entity associate or joint venture, at the later of the date on which (a) the investment entity associate or joint venture is initially recognised; (b) the associate or joint venture becomes an investment entity; and (c) the investment entity associate or joint venture first becomes a parent.F1

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EFFECTIVE DATE AND TRANSITIONF1

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45EF1

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