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 UAE businesses should 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

This article provides general information and does not constitute tax advice. Eligibility and treatment should be assessed against the enacted legislation and the facts of each case.