Separate financial statements
26
In its separate financial statements, a joint operator or joint venturer shall account for its interest in:
(a) a joint operation in accordance with paragraphs 20–22;
(b) a joint venture in accordance with paragraph 10 of AASB 127 Separate Financial Statements.
27
In its separate financial statements, a party that participates in, but does not have joint control of, a joint arrangement shall account for its interest in:
(a) a joint operation in accordance with paragraph 23;
(b) a joint venture in accordance with AASB 9, unless the entity has significant influence over the joint venture, in which case it shall apply paragraph 10 of AASB 127.