Document ID: chunk:federal_register_of_legislation:F2021C00954:body:0:p15
Version: federal_register_of_legislation:F2021C00954
Segment Type: other
Provision Reference: 
Character Range: 37779–40892

cash flows. That information might include but is not limited to, for example, current assets, non-current assets, current liabilities, non-current liabilities, revenue, profit or loss and total comprehensive income.
B11 The summarised financial information required by paragraph B10(b) shall be the amounts before inter-company eliminations.
B12 For each joint venture and associate that is material to the reporting entity, an entity shall disclose:
(a) dividends received from the joint venture or associate.
(b) summarised financial information for the joint venture or associate (see paragraphs B14 and B15) including, but not necessarily limited to:
(i) current assets.
(ii) non-current assets.
(iii) current liabilities.
(iv) non-current liabilities.
(v) revenue.
(vi) profit or loss from continuing operations.
(vii) post-tax profit or loss from discontinued operations.
(viii) other comprehensive income.
(ix) total comprehensive income.
B13 In addition to the summarised financial information required by paragraph B12, an entity shall disclose for each joint venture that is material to the reporting entity the amount of:
(a) cash and cash equivalents included in paragraph B12(b)(i).
(b) current financial liabilities (excluding trade and other payables and provisions) included in paragraph B12(b)(iii).
(c) non-current financial liabilities (excluding trade and other payables and provisions) included in paragraph B12(b)(iv).
(d) depreciation and amortisation.
(e) interest income.
(f) interest expense.
(g) income tax expense or income.
B14 The summarised financial information presented in accordance with paragraphs B12 and B13 shall be the amounts included in the Australian-Accounting-Standards financial statements of the joint venture or associate (and not the entity's share of those amounts). If the entity accounts for its interest in the joint venture or associate using the equity method:
(a) the amounts included in the Australian-Accounting-Standards financial statements of the joint venture or associate shall be adjusted to reflect adjustments made by the entity when using the equity method, such as fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies.
(b) the entity shall provide a reconciliation of the summarised financial information presented to the carrying amount of its interest in the joint venture or associate.
B15 An entity may present the summarised financial information required by paragraphs B12 and B13 on the basis of the joint venture's or associate's financial statements if:
(a) the entity measures its interest in the joint venture or associate at fair value in accordance with AASB 128; and
(b) the joint venture or associate does not prepare Australian-Accounting-Standards financial statements and preparation on that basis would be impracticable or cause undue cost.
 In that case, the entity shall disclose the basis on which the summarised financial information has been prepared.
B16 An entity shall disclose, in aggregate, the carrying amount of its interests in all individually immaterial