International GAAP 2020

Chapter 12Joint arrangements

• 1 INTRODUCTION
  • 1.1 The nature of joint arrangements
• 2 EFFECTIVE DATE, OBJECTIVE AND SCOPE OF IFRS 11
  • 2.1 Effective date
  • 2.2 Objective
  • 2.3 Scope
    • 2.3.1 Application by venture capital organisations and similar entities
    • 2.3.2 Application to joint arrangements held for sale
    • 2.3.3 Accounting by a joint operation
• 3 JOINT ARRANGEMENT
  • 3.1 Unit of account
• 4 JOINT CONTROL
  • 4.1 Assessing control
    • 4.1.1 Sequential activities
  • 4.2 Rights to control collectively
    • 4.2.1 Protective rights, including some veto rights
    • 4.2.2 Potential voting rights and joint control
    • 4.2.3 Other evidence of joint control
    • 4.2.4 Delegated decision-making
    • 4.2.5 Related parties and de facto agents
    • 4.2.6 Role of a government
  • 4.3 Unanimous consent
    • 4.3.1 Arrangements involving parties that participate in a joint arrangement but who do not have joint control
    • 4.3.2 Ultimate voting authority
    • 4.3.3 Arbitration
    • 4.3.4 Statutory mechanisms
  • 4.4 Other practical issues with assessing joint control
    • 4.4.1 Undivided share, lease or a joint arrangement
    • 4.4.2 Evaluate multiple agreements together
• 5 CLASSIFICATION OF A JOINT ARRANGEMENT: JOINT OPERATIONS AND JOINT VENTURES
  • 5.1 Separate vehicle or not
  • 5.2 Legal form of the separate vehicle
  • 5.3 Contractual terms
    • 5.3.1 Guarantees
    • 5.3.2 Contractual terms upon liquidation or dissolution of joint arrangement
  • 5.4 Other facts and circumstances
    • 5.4.1 Facts and circumstances indicating rights to assets
      • 5.4.1.A Output not taken in proportion to ...