Commission Regulation (EC) No 708/2006 of 8 May 2006

The Commission Regulation (EC) No 708/2006 of 8 May 2006, published in the Official Journal of the European Union L122 on 9 May 2006, adopts IFRIC Interpretation 7 Applying the Restatement Approach, under IAS 29 Financial Reporting in Hyperinflationary Economies, and amends IAS 21 The Effects of Changes in Foreign Exchange Rates — Net Investment in a Foreign Operation.