Separate financial statements are those presented by an entity in addition to consolidated financial statements or financial statements using the equity method. In separate financial statements, investments in subsidiaries, joint ventures, and associates must be accounted for either at cost or in accordance with IFRS 9, or using the equity method described in IAS 28. Separate financial statements must comply with all applicable IFRSs and include certain disclosures such as a list of significant investments, the accounting methods used, and the reasons for preparing separate statements if not required by law.

1. SEPARATE FINANCIAL
STATEMENTS

2. Definition
Separate financial statements:
 Those presented by an entity in which the entity could
elect, subject to the requirements in this standard, to
account for its investment in subsidiaries, joint
ventures and associates either at cost, in accordance
with IFRS 9 or using equity method as described in
IAS 28

3. Objective
 Objective of this standard is setting standards for
accounting treatment and disclosure requirements for
the entities who elect themselves or are required by
local regulations to prepare separate financial
statements as per IAS-27.

4.  IAS 27 does not mandate which entities must
produce separate financial statements.
 Separate financial statements are those presented in
addition to consolidated financial statements or in
addition to financial statements in which investments
in associates or joint ventures are accounted for using
the equity method.

5.  For an entity having subsidiary , investment in
associate or joint venture ,
Prepares Consolidated Financial Statements or
Financial Statements using Equity Method ,
Along with these they will prepare Separate
Financial Statements as per IAS-27.

6.  Separate financial statements must be prepared in
accordance with all applicable IFRSs.
Investments in subsidiaries, joint ventures and
associates must be accounted for in separate financial
statements, either:
 at cost; or
 in accordance with IFRS 9.
 Using equity method as described in IAS 28

7.  Separate financial statements must be prepared in
accordance with all applicable IFRSs.
 Investment in Subsidiary , joint venture and Associate
will be accounted for as either of following.
1- AT COST
Investment in subsidiaries , joint ventures and
Associates will be recorded at cost and as simple cost
method ,will not be subsequently re-measured.

8. 2- In accordance with IFRS 9.
 Investment in Subsidiary , joint venture and Associate will
be recorded either at Fair Value through Profit or Loss , OR
, Fair Value through OCI.
 Investment will be re-measured at each reporting period
end at Gain/Loss will be transferred to P/L or OCI as per
policy if whether Investment is held a Fair Value through
Profit or Loss , OR , Fair Value through OCI.
3- Using equity method as described in IAS 28

9.  Investments accounted for at cost or using the equity
method are accounted for in accordance with IFRS 5
when they are classified as held for sale.
 Dividends are recognized in profit or loss in separate
financial statements when the right to receive the
dividend is established unless the entity elects to use
the equity method in this case the dividend are
recognized as the reduction form the carrying amount
of the investment.

10. Disclosure
 All applicable IFRSs apply when providing disclosures in
separate financial statements as well as the following
requirements.
 When a parent prepares separate financial statements, it
must disclose:
 the fact that the financial statements are separate financial
statements; that the exemption from consolidation has
been used; the name and principal place of business (and
country of incorporation, if different) of the entity whose
consolidated financial statements that comply with
International Financial Reporting Standards have been
produced for public use; and the address where those
consolidated financial statements are obtainable.

11.  a list of significant investments in subsidiaries, joint
ventures and associates, including:
-the name of those investees.
-the principal place of business (and country of
incorporation, if different) of those investees.
-its proportion of the ownership interest (and its
proportion of the voting rights, if different) held in
those investees.
 a description of the method used to account for the
investments listed.

12. When a parent (other than a parent covered by preceding
paragraphs or an investor with joint control of, or significant
influence over, an investee prepares separate financial statements,
the parent or investor shall identify the financial statements to
which they relate., it must disclose:
 the fact that the financial statements are separate financial
statements and the reasons why those statements are prepared if
not required by law.;
 a list of significant investments in subsidiaries, joint ventures and
associates, including:
- the name of those investees.
- the principal place of business (and country of incorporation, if
different) of those investees.
- its proportion of the ownership interest (and its proportion of the
voting rights, if different) held in those investees.
 a description of the method used to account for the investments