ANNEX

STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-3

Elimination of unrealised profits and losses on transactions with associates
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Issue
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Consensus
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4. Unrealised losses should not be eliminated to the extent that the transaction provides evidence of an impairment of the asset transferred.
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Repealed by Commission Regulation (EC) No 1126/2008 of 3 November 2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council (Text with EEA relevance).