Our practical view

What the development means

  • The amendment should be considered together with the entity's transition to IFRS 18.
  • Existing elections and the unit of account applied to eligible investments require careful review.
  • Transition conclusions should be supported consistently across consolidated and separate financial statements.

Recommended actions

What to do now

  • Inventory investments in associates and joint ventures and identify current measurement elections.
  • Assess the amendment alongside the IFRS 18 implementation plan.
  • Document transition judgements and expected disclosure changes.
  • Discuss any measurement-policy change with the audit team in advance.
Read the complete official publication

Always refer to the full source text and its effective-date and transitional provisions.

IFRS Foundation announcement