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INVESTMENTS IN ASSOCIATES AND JOINT VENTURES




            Comprehensive example - calcs







            COMMENT


            • Furnit-Your-World Ltd has elected to measure its equity

                investments at fair value in accordance with IFRS 9.


            • All fair value adjustments recorded by Furnit-Your-
                World Ltd since the respective acquisition dates of its

                investments in Urban Drapes Ltd and Digital Decor Ltd

                must be eliminated in the group financial statements.


            • In accordance with IFRS 10, the original cost is

                eliminated                  at       consolidation                     for         investments                    in

                subsidiaries.

            • In accordance with IAS 28, equity accounting is applied

                to investments in associates which starts at cost





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