IFRS for SMEs Implementation Guidance 2009.fm
IFRS for SMEs Implementation Guidance 2009.fm
IFRS for SMEs Implementation Guidance 2009.fm
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<strong>IFRS</strong> FOR SMES — JULY 2009<br />
Section 15 Investments in Joint Ventures<br />
Disclosures<br />
15.19 An investor in a joint venture shall disclose:<br />
(a) the accounting policy it uses <strong>for</strong> recognising its interests in jointly<br />
controlled entities.<br />
(b) the carrying amount of investments in jointly controlled entities (see<br />
paragraph 4.2(k)).<br />
(c) the fair value of investments in jointly controlled entities accounted <strong>for</strong><br />
using the equity method <strong>for</strong> which there are published price quotations.<br />
(d) the aggregate amount of its commitments relating to joint ventures,<br />
including its share in the capital commitments that have been incurred<br />
jointly with other venturers, as well as its share of the capital<br />
commitments of the joint ventures themselves.<br />
15.20 For jointly controlled entities accounted <strong>for</strong> in accordance with the equity<br />
method, the venturer shall also make the disclosures required by paragraph<br />
14.14 <strong>for</strong> equity method investments.<br />
15.21 For jointly controlled entities accounted <strong>for</strong> in accordance with the fair value<br />
model, the venturer shall make the disclosures required by paragraphs<br />
11.41–11.44.<br />
Section 16 Investment Property<br />
Disclosures<br />
16.10 An entity shall disclose the following <strong>for</strong> all investment property accounted <strong>for</strong><br />
at fair value through profit or loss (paragraph 16.7):<br />
(a) the methods and significant assumptions applied in determining the fair<br />
value of investment property.<br />
(b) the extent to which the fair value of investment property (as measured or<br />
disclosed in the financial statements) is based on a valuation by an<br />
independent valuer who holds a recognised and relevant professional<br />
qualification and has recent experience in the location and class of the<br />
investment property being valued. If there has been no such valuation,<br />
that fact shall be disclosed.<br />
(c) the existence and amounts of restrictions on the realisability of<br />
investment property or the remittance of income and proceeds<br />
of disposal.<br />
(d) contractual obligations to purchase, construct or develop investment<br />
property or <strong>for</strong> repairs, maintenance or enhancements.<br />
continued...<br />
44<br />
©<br />
IASCF
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