IAS 27 Separate Financial Statements prescribes the accounting and disclosure requirements for investments in subsidiaries, joint ventures and associates when an entity elects, or is required by local regulations, to present separate financial statements.
Separate financial statements are those presented in addition to consolidated financial statements.
Separate financial statements could be those of a parent or of a subsidiary by itself. In separate financial statements, an investor accounts for investments in subsidiaries, joint ventures and associates either at cost, or in accordance with IFRS 9 Financial Instruments, or using the equity method as described in IAS 28 Investments in Associates & Joint Ventures.
IAS 27 Separate Financial Statements is Copyright: IFRS Foundation
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