FRS 9 Associates and Joint Ventures
Issued November 1997. Effective for annual periods ending on or after 23 June 1998.
FRS 9 has been superseded by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland for accounting periods beginning on or after 1 January 2015. For more information visit:
Synopsis
Associate
Nature of relationship: Investor holds a participating interest and exercises significant influence.
Accounting treatment in consolidated financial statements: Equity method
Joint venture
Nature of relationship: Investor holds a long-term interest and shares control under a contractual arrangement
Accounting treatment in consolidated financial statements: Gross equity method
Joint venture that is not an entity
Nature of relationship: Entities participate in an arrangement to carry on part of their own trades or businesses
Accounting treatment in consolidated financial statements: Each party accounts for own share of assets, liabilities and cash flows.
Last updated 21 June 2015