CONTENTS

COMPILATION DETAILS

Comparison With IAS 28

Accounting Standard

AASB 128 Investments in Associates

Paragraphs

Application Aus1.1 – Aus1.8

Reduced Disclosure Requirements Aus1.9 – Aus1.10

Scope 1

Definitions 2 – 5

Significant Influence 6 – 10

Equity Method 11 – 12

Application of the Equity Method 13 – 30

Impairment Losses 31 – 34

Separate Financial Statements 35 – 36

Disclosure 37 – 40

Effective Date and Transition 41B – 41F

ENDNOTES Page 22

IMPLEMENTATION GUIDANCE
(see AASB 127 Consolidated and Separate Financial Statements)

BASIS FOR CONCLUSIONS ON IAS 28
(available on the AASB website)

Australian Accounting Standard AASB 128 Investments in Associates (as amended) is set out in paragraphs Aus1.1 – 41F. All the paragraphs have equal authority. Terms defined in this Standard are in italics the first time they appear in the Standard. AASB 128 is to be read in the context of other Australian Accounting Standards, including AASB 1048 Interpretation of Standards, which identifies the Australian Accounting Interpretations. In the absence of explicit guidance, AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies.