doc__table__1150

| 2 | A venturer with an interest in a jointly controlled entity is exempted from paragraphs 30 (proportionate consolidation) and 38 (equity method) when it meets the following conditions: (a) the interest is classified as held for sale in accordance with IFRS 5 Non-current assets held for sale and discontinued operations; (b) the exception in paragraph 10 of IAS 27 Consolidated and separate financial statements allowing a parent that also has an interest in a jointly controlled entity not to present consolidated financial statements is applicable; or (c) all of the following apply: (i) the venturer is a wholly-owned subsidiary, or is a partially-owned subsidiary of another entity and its owners, including those not otherwise entitled to vote, have been informed about, and do not object to, the venturer not applying proportionate consolidation or the equity method; (ii) the venturer's debt or equity instruments are not traded in a public market (a domestic or foreign stock exchange or an over-the-counter market, including local and regional markets); (iii) the venturer did not file, nor is it in the process of filing, its financial statements with a securities commission or other regulatory organisation, for the purpose of issuing any class of instruments in a public market; and (iv) the ultimate or any intermediate parent of the venturer produces consolidated financial statements available for public use that comply with international financial reporting standards.

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Source: EUR-Lex (Cellar) · retrieved 2026-11-08 · Text as adopted (Official Journal); later amendments are not incorporated in this text.