Document ID: chunk:federal_register_of_legislation:F2021C00954:body:0:p10
Version: federal_register_of_legislation:F2021C00954
Segment Type: other
Provision Reference: 
Character Range: 24292–27237

used in applying the equity method are as of a date or for a period that is different from that of the entity:
(i) the date of the end of the reporting period of the financial statements of that joint venture or associate; and
(ii) the reason for using a different date or period.
(c) the unrecognised share of losses of a joint venture or associate, both for the reporting period and cumulatively, if the entity has stopped recognising its share of losses of the joint venture or associate when applying the equity method.

Risks associated with an entity's interests in joint ventures and associates
23 An entity shall disclose:
(a) commitments that it has relating to its joint ventures separately from the amount of other commitments as specified in paragraphs B18–B20.
(b) in accordance with AASB 137 Provisions, Contingent Liabilities and Contingent Assets, unless the probability of loss is remote, contingent liabilities incurred relating to its interests in joint ventures or associates (including its share of contingent liabilities incurred jointly with other investors with joint control of, or significant influence over, the joint ventures or associates), separately from the amount of other contingent liabilities.

Interests in unconsolidated structured entities
24 An entity shall disclose information that enables users of its financial statements:
(a) to understand the nature and extent of its interests in unconsolidated structured entities (paragraphs 26–28); and
(b) to evaluate the nature of, and changes in, the risks associated with its interests in unconsolidated structured entities (paragraphs 29–31).
25 The information required by paragraph 24(b) includes information about an entity's exposure to risk from involvement that it had with unconsolidated structured entities in previous periods (eg sponsoring the structured entity), even if the entity no longer has any contractual involvement with the structured entity at the reporting date.
25A An investment entity need not provide the disclosures required by paragraph 24 for an unconsolidated structured entity that it controls and for which it presents the disclosures required by paragraphs 19A–19G.

Nature of interests
26 An entity shall disclose qualitative and quantitative information about its interests in unconsolidated structured entities, including, but not limited to, the nature, purpose, size and activities of the structured entity and how the structured entity is financed.
27 If an entity has sponsored an unconsolidated structured entity for which it does not provide information required by paragraph 29 (eg because it does not have an interest in the entity at the reporting date), the entity shall disclose:
(a) how it has determined which structured entities it has sponsored;
(b) income from those structured entities during the reporting period, including a description of the types of income presented; and
(c) the carrying amount (at