CERTYNEX IFRS ACADEMY

In July 2016 the Interpretations Committee noted a tension between the limitation of gain to the other parties' interests (IFRS 11, B34 and B35) and the accounting for loss of control in IFRS 10. What is the status of the corresponding amendments to IFRS 10 and IAS 28?

The IASB deferred them indefinitely: the tension is unresolved and they are not taught as a rule in force.

They have been in force since 2016 and replaced paragraphs B34 and B35 of IFRS 11.

They were abandoned, and IFRS 10 now prevails over IFRS 11 for any loss of control involving a joint operation.

They came into force for associates and joint ventures, joint operations remaining outside their scope.