12. February 2018

D-GAS 34 Associates and D-GAS 35 Proportionate Consolidation published

Today, the ASCG’s German GAAP Technical Committee has issued the Draft German Accounting Standard No. 34 Associates (D-GAS 34) and the Draft German Accounting Standard No. 35 Proportionate Consolidation (D-GAS 35) for public comment.

D-GAS 34 aims to set out detailed guidance on the accounting for associates and the application of the equity method, as outlined in sections 311 and 312 of the HGB.

D-GAS 35 sets out in greater detail the requirements of section 310 of the HGB concerning proportionate consolidation, which govern the inclusion of a joint venture in the consolidated financial statements. It also specifies the criteria for the existence of a joint venture, which is a condition for exercising the option to apply proportionate consolidation.
Development of the draft standards has been supported by the ASCG’s Consolidation Working Group.

Comments on D-GAS 34 and D-GAS 35 can be provided until 11 May 2018 (bahrmann@drsc.de). The drafts are available only in German.