Commission Regulation (EU) No 2018/182 of 7 February 2018

The Commission Regulation (EU) No 2018/182 of 7 February 2018, published in the Official Journal of the European Union L 34 on 8 February 2018, adopts “Annual Improvements to International Financial Reporting Standards 2014-2016 Cycle”, including amendments to IAS 28 Investments in Associates and Joint Ventures IFRS 1 First-time Adoption of International Financial Reporting Standards and IFRS 12 Disclosure of Interests in Other Entities.
The objective of the annual improvements is to address non-urgent, but necessary, issues discussed by the IASB during the project cycle on areas of inconsistency in International Financial Reporting Standards or where clarification of wording is required.
Each company shall apply the amendments to IAS 28 and IFRS 1, at the latest, as from the commencement date of its first financial year starting on or after 1 January 2018.
Each company shall apply the amendments to IFRS 12, at the latest, as from the commencement date of its first financial year starting on or after 1 January 2017.