IAS 27 International Accounting Standard 27
Consolidated and Separate Financial Statements
This version was issued in January 2008 with an effective date of 1 July 2009. It includes subquent amendments resulting from IFRSs issued up to 31 December 2009.
IAS 27 Consolidated Financial Statements and Accounting for Investments in Subsidiaries was issued by the International Accounting Standards Committee in April 1989. It replaced IAS 3 Consolidated Financial Statements (issued in June 1976) except in so far as IAS 3 dealt with accounting for investments in associates. IAS 27 was reformatted in 1994, and limited amendments were made by IAS 39 in 1998 and 2000.
In April 2001 the International Accounting Standards Board (IASB) resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn.
The Standing Interpretations Committee developed two Interpretations relating to IAS 27:•SIC-12 Consolidation—Special Purpo Entities (issued December 1998)
•SIC-33 Consolidation and Equity Method—Potential Voting Rights and Allocation of Ownership Interests (issued December 2001).
In December 2003 the IASB issued a revid IAS 27 with a new title—Consolidated and Separate Financial Statements. The revid standard also amended SIC-12 and replaced SIC-33.
IAS 27 was subquently amended by the following IFRSs:
代用品•IFRS3Business Combinations (issued March 2004)
•IFRS5Non-current Asts Held for Sale and Discontinued Operations (issued March 2004)•IFRS8Operating Segments (issued November 2006)*
•IAS1Prentation of Financial Statements (as revid in September 2007).*
In January 2008 the IASB issued an amended IAS 27.
Since then, IAS 27 and its accompanying documents have been amended by the following IFRSs:
•Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associatepragma
(Amendments to IFRS 1 and IAS 27) (issued May 2008)*
•Improvements to IFRSs (issued May 2008)*
•IFRS9 Financial Instruments (issued November 2009).†
*effective date 1 January 2009
†effective date 1 January 2013 (earlier application permitted)
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IAS 27
As well as SIC-12 the following Interpretations refer to IAS 27:
•IFRIC5Rights to Interests arising from Dec ommissioning, Restoration and Environmental Rehabilitation Funds (issued December 2004)
nba•IFRIC17Distributions of Non-cash Asts to Owners (issued November 2008).*
浙江教育出版社网站*effective date 1 July 2009
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A608© IASCF
IAS 27
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C ONTENTS
paragraphs INTRODUCTION IN1–IN11INTERNATIONAL ACCOUNTING STANDARD 27CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS
SCOPE
1–3DEFINITIONS
4–8PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS
9–11SCOPE OF CONSOLIDATED FINANCIAL STATEMENTS
12–17CONSOLIDATION PROCEDURES
18–31LOSS OF CONTROL
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32–37ACCOUNTING FOR INVESTMENTS IN SUBSIDIARIES,
JOINTLY CONTROLLED ENTITIES AND ASSOCIATES INinso
SEPARATE FINANCIAL STATEMENTS
38–40DISCLOSURE
41–43EFFECTIVE DATE AND TRANSITION
44–45D WITHDRAWAL OF IAS 27 (2003)
46
APPENDIX
Amendments to other IFRSs
APPROVAL BY THE BOARD OF IAS 27 ISSUED IN DECEMBER 2003
APPROVAL BY THE BOARD OF AMENDMENTS TO IAS 27 ISSUED IN JANUARY 2008APPROVAL BY THE BOARD OF COST OF AN INVESTMENT IN A SUBSIDIARY,
JOINTLY CONTROLLED ENTITY OR ASSOCIATE (AMENDMENTS TO IFRS 1 AND IAS 27) ISSUED IN MAY 2008
BASIS FOR CONCLUSIONS
APPENDIX
Amendments to the Basis for Conclusions on other IFRSs
DISSENTING OPINIONS
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IMPLEMENTATION GUIDANCE
APPENDIX
Amendments to guidance on other IFRSs
TABLE OF CONCORDANCE FOR THE ACCOMPANYING DOCUMENTS LISTED BELOW, SEE PART B OF THIS EDITION
IAS 27
International Accounting Standard 27 Consolidated and Separate Financ ial Statements (IAS27) is t out in paragraphs 1–46 and the Appendix. All the paragraphs have equal authority but retain the IASC format of the Standard when it was adopted by the IASB. IAS 27 should be read in the context of the Basis for Conclusions, the Prefac e to International Financ ial Reporting Standards and the Framework for the Preparation and Prentation of Financial Statements. IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for lecting and applying accounting policies in the abnce of explicit guidance .
This amended Standard was issued in January 2008. The text of the amended Standard, marked to show changes from the previous version, is available from the IASB’s Subscriber Website at www.iasb for a limited period.
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IAS 27 Introduction
Reasons for issuing the Standard
IN1The International Accounting Standards Board revid IAS 27 Consolidated and Separate Financ
ial Statements (IAS 27) in 2003 as part of its project on Improvements to International Accounting Standards. The Board’s main objective was to reduce alternatives in accounting for subsidiaries in consolidated financial statements and in accounting for investments in the parate financial statements of a parent, venturer or investor. The Board did not reconsider the fundamental approach to consolidation of subsidiaries contained in IAS 27.
IN2In 2008 the Standard was amended as part of the cond pha of the business combinations project. That pha of the project was undertaken jointly with the US Financial Accounting Standards Board (FASB). The amendments related, primarily, to accounting for non-controlling interests and the loss of control of a subsidiary. The boards concluded the cond pha of the project by the IASB issuing the amended IAS 27 and the FASB issuing FASB Statement No. 160 Noncontrolling Interests in Consolidated Financial Statements, along with, respectively, a revid IFRS 3 Business Combinations and FASB Statement No. 141 (revid 2007) Business Combinations.
IN3The amended Standard must be applied for annual periods beginning on or after
1 July 2009. Earlier application is permitted. However, an entity must not apply
the amendments for annual periods beginning before 1 July 2009 unless it also applies IFRS 3 (as revid in 2008).
Main features of the Standard
Objective
IN4The objective of IAS 27 is to enhance the relevance, reliability and comparability of the information that a parent entity provides in its parate financial statements and in its consolidated financial statements for a group of entities under its control. The Standard specifies:
(a)the circumstances in which an entity must consolidate the financial
statements of another entity (being a subsidiary);
(b)the accounting for changes in the level of ownership interest in a
subsidiary;
(c)the accounting for the loss of control of a subsidiary; and
(d)the information that an entity must disclo to enable urs of the
financial statements to evaluate the nature of the relationship between the
entity and its subsidiaries.
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