(i) cost determined in accordance with Section 9 Consolidated and Separate
Financial Statements, Section 14 Investments in Associates or Section 15
Investments in Joint Ventures; or
(ii) deemed cost, which shall be the carrying amount at the date of transition as
determined under the entity’s previous GAAP.
(g) Compound financial instruments
Paragraph 22.13 requires an entity to split a compound financial instrument
into its liability and equity components at the date of issue. A first-time adopter
need not separate those two components if the liability component is not
outstanding at the date of transition to this FRS.
(h) [Not used]
(i) Service concession arrangements – Accounting by operators
A first-time adopter is not required to apply paragraphs 34.12E to 34.16A to
service concession arrangements that were entered into before the date of
transition to this FRS. Such service concession arrangements shall continue to be
accounted for using the same accounting policies being applied at the date of
transition to this FRS.