IREIT Global Group Pte. Ltd - Annual Report 2015 - page 71

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2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
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NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS (CONTINUED)
Annual Improvements to IFRSs 2012- 2014 Cycle
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versa) should not be considered changes to a plan of sale or a plan of distribution to owners, and the
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not meet the criteria for held-for-sale) should be treated in the same way as assets that cease to be
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(b) IFRS 7 to clarify whether servicing contracts result in continuing involvement in a transferred asset for
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explicitly required for all interim periods.
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are made in the latter.
Amendments to IAS 27 Equity Method in Separate Financial Statements
The amendments allow an entity to account for investments in subsidiaries, joint ventures and associates in
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The accounting option must be applied by category of investments. The amendments also clarify that when
a parent ceases to be an investment entity, or becomes an investment entity, it shall account for the change
from the date when the change in status occurred.
Notes to the
Financial Statements
For the year ended 31 December 2015
IREIT Global ANNUAL REPORT 2015
69