International Financial
Reporting Standards (IFRS) Notes
IFRS Notes
13105
Jointly controlled assets
A venturer of jointly controlled assets
recognises the following in financial statements:
(1) its share of jointly controlled assets
(2) liabilities incurred
(3) its share of liabilities incurred jointly
(4) expenses incurred
(5) its share of expenses incurred jointly
(6) income from its share of output of joint venture