AASB 2011-7 - Amendments to Australian Accounting Standards arising from the Consolidation and Joint Arrangements Standards - August 2011
Amendment to Interpretation 16Amendment to Interpretation 16
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Amendment to Interpretation 16
62 The footnote to paragraph 2 is amended as follows (new text is underlined and deleted text is struck through):
1 This will be the case for consolidated financial statements, financial statements in which investments such as associates or joint ventures are accounted for using the equity method, financial statements in which venturers’ interests in joint ventures are proportionately consolidated (subject to change as proposed in ED 157 Joint Arrangements published by the Australian Accounting Standards Board, being equivalent to ED 9 Joint Arrangements published by the International Accounting Standards Board in September 2007) and financial statements that include a branch or a joint operation as defined in AASB 11 Joint Arrangements.