The International Accounting Standards Board had issued this Exposure draft of Equity Method: Share of Other Net Asset Changes in November, 2012.

The Exposure Draft of the proposed amendments has been issued to specify that an investor should recognise, in the investor�s equity, its share of the changes in the net assets of the investee that are not recognised in profit or loss or other comprehensive income (OCI) of the investee, and that are not distributions received (�other net asset changes�).

Invitation to comment

ASB invites comments on the said Exposure Draft from the public. The downloadable version of the Document is available at: http://www.ifrs.org/Open-to-Comment/Equity-Method-Share-of-Other-Net-Asset-Changes/Documents/ED-Equity-Method-Nov-2012-Web.pdf

Comments would be most helpful if they indicate the specific paragraph or group of paragraphs to which they relate, contain a clear rationale and, where applicable, provide a suggestion for alternative wording.

Comments should be submitted in writing to the Secretary, Accounting Standards Board, The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi-110002, so as to be received not later than February 15, 2013. Comments can also be sent by e-mail at asb@icai.org or edcommentsasb@icai.org.