CERTYNEX IFRS ACADEMY

What should be remembered about the 2014 amendments to IAS 28 on the sale or contribution of assets between an investor and its associate or joint venture?

They apply from their publication and replace the treatment by the investor's share described in para. 28, whether or not the assets constitute a business.

They provide for a full gain or loss for a business and a partial one otherwise, but their effective date was postponed indefinitely in December 2015.

They provide for a partial gain or loss in all cases, including when the transaction involves a business, and are already in force.

They provide for a full gain or loss for assets that do not constitute a business, and have been in force since December 2015.