When an investor applies paragraphs C4–C4A and the date that control was
obtained in accordance with this IFRS is later than the effective date of IAS 27
as revised in 2008 (IAS 27 (2008)), an investor shall apply the requirements of
this IFRS for all periods that the investee is retrospectively consolidated in
accordance with paragraphs C4–C4A. If control was obtained before the
effective date of IAS 27 (2008), an investor shall apply either:
(a) the requirements of this IFRS for all periods that the investee is
retrospectively consolidated in accordance with paragraphs C4–C4A; or
(b) the requirements of the version of IAS 27 issued in 2003 (IAS 27 (2003))
for those periods prior to the effective date of IAS 27 (2008) and
thereafter the requirements of this IFRS for subsequent periods.
If, at the date of initial application, an investor concludes that it will no longer
consolidate an investee that was consolidated in accordance with IAS 27 and
SIC-12, the investor shall measure its interest in the investee at the amount at
which it would have been measured if the requirements of this IFRS had been
effective when the investor became involved with (but did not obtain control
in accordance with this IFRS), or lost control of, the investee. The investor
shall adjust retrospectively the annual period immediately preceding the date
of initial application. When the date that the investor became involved with
(but did not obtain control in accordance with this IFRS), or lost control of, the
investee is earlier than the beginning of the immediately preceding period, the
investor shall recognise, as an adjustment to equity at the beginning of the
immediately preceding period, any difference between:
(a) the previous carrying amount of the assets, liabilities and
non-controlling interests; and
(b) the recognised amount of the investor’s interest in the investee.
If measuring the interest in the investee in accordance with paragraph C5 is
impracticable (as defined in IAS 8), an investor shall apply the requirements of
this IFRS at the beginning of the earliest period for which application of
paragraph C5 is practicable, which may be the current period. The investor
shall adjust retrospectively the annual period immediately preceding the date
of initial application, unless the beginning of the earliest period for which
application of this paragraph is practicable is the current period. When the
date that the investor became involved with (but did not obtain control in
accordance with this IFRS), or lost control of, the investee is earlier than the
beginning of the immediately preceding period, the investor shall recognise,
as an adjustment to equity at the beginning of the immediately preceding
period, any difference between:
(a) the previous carrying amount of the assets, liabilities and
non-controlling interests; and
(b)
the recognised amount of the investor’s interest in the investee.
If the earliest period for which application of this paragraph is practicable is
the current period, the adjustment to equity shall be recognised at the
beginning of the current period.
C4C
C5
C5A
IFRS 10
A610 © IFRS Foundation