CERTYNEX IFRS ACADEMY

Which items does a joint operator recognise in relation to its interest in a joint operation? More than one answer is possible.

Its expenses, including its share of any expenses incurred jointly.

Its assets, including its share of any assets held jointly.

Its share of the net result of the joint operation, presented on a single line of the income statement.

Its liabilities, including its share of any liabilities incurred jointly.

A single investment in the joint operation, measured using the equity method.