AP8: Definition of the term 'non-monetary asset' in SIC-13 - ic0412b08.pdf

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• mittee nition of a ‘ ntifying whe netary Cont nt Ventures a jointly Ventures a joint ve an associ exchange fo he January issues arisin AS 27 Cons h the loss of ociate. The rnative way rse of action d-setting body of th APER ng 27 Conso 28 Investm nition of th ised in 201 ck Le Flao pared by the s sent the views do not purport made in public e received a ‘non-monet ether the req tributions by (revised in controlled e s; or to: enture (JV) iate r an equity 2012 meeti ng from the solidated an f control of Committee y of conside n would be e IFRS Foundation, olidated an ments in A he term ‘no 11) plef staff of the IFR s of the IASB o t to set out acc c and reported a request to tary asse

• qualifies as a non-monetary asset under SIC-13 (and under IAS 28 revised in 2

• Paragraph 5 of SIC-13 restricts gains and losses arising from contributions of non-monetary assets to a JC

• aragraph 30 of IAS 28 (2011) applies to the contribution of a non-monetary asset to a JV or an associate in exchange for an equity interest in the JV or assoc