PFRS 11

Joint Arrangements

Effective Date 01/01/13

This Standard requires an entity to account joint arrangement based on its rights and obligations arising from the arrangement rather than
based on the structure of the arrangement as required by PAS 31, Interests in Joint Ventures. The new standard has removed the option to
account jointly controlled entities using either proportionate consolidation or equity method. The new standard is applicable to annual periods
beginning on or after January 1, 2013. Earlier application is permitted

PAS 31

Interests in Joint Ventures

Effective Date 01/01/05

This Standard shall be applied in accounting for interests in joint ventures and the reporting of joint venture assets, liabilities, income and
expenses in the financial statements of venturers and investors, regardless of the structures or forms under which the joint venture activities
take place.
 PAS 31
Interests in Joint Ventures
Effective Date 01/01/05
This Standard shall be applied in accounting
for interests in joint ventures and the
reporting of joint venture assets, liabilities,
income and expenses in the financial
statements of venturers and investors.
PFRS 11
Joint Arrangements
01/01/13
This Standard requires an entity to account
joint arrangement based on its rights and
obligations arising from the arrangement