
Article 1 
The Annex to Regulation (EC) No 1126/2008 is amended as follows:

((a)) IAS 28 Investments in Associates and Joint Ventures is amended as set out in the Annex to this Regulation;
((b)) IFRS 1 First-time Adoption of International Financial Reporting Standards is amended as set out in the Annex to this Regulation;
((c)) IFRS 12 Disclosure of Interests in Other Entities is amended as set out in the Annex to this Regulation.
Article 2 
Each company shall apply the amendments referred to in point (a) of Article 1, at the latest, as from the commencement date of its first financial year starting on or after 1 January 2018.
Each company shall apply the amendments referred to in point (b) of Article 1 as from the commencement date of its first financial year starting on or after 1 January 2018.
Each company shall apply the amendments referred to in point (c) of Article 1, as from the commencement date of its first financial year starting on or after 1 January 2017.
Article 3 
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 7 February 2018.
For the Commission
The President
Jean-Claude JUNCKER
ANNEX
Annual Improvements to IFRS Standards 
Paragraphs 39L and 39T are amended, paragraphs 39D, 39F and 39AA are deleted and paragraph 39AD is added.

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 39D 
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 39F 
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 39L 
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 39T 
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 39AA 
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 39AD Annual Improvements to IFRS Standards 2014–2016 Cycle, issued in December 2016, amended paragraphs 39L and 39T and deleted paragraphs 39D, 39F, 39AA and E3–E7. An entity shall apply those amendments for annual periods beginning on or after 1 January 2018.

In Appendix E, paragraphs E3–E7 and related headings are deleted.
 APPENDIX E 
This appendix is an integral part of the IFRS.

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 E3 [Deleted]
 E4 [Deleted]
 E4A [Deleted]
 E5 [Deleted]
 E6 [Deleted]
 E7 [Deleted]

Paragraph 5A is added.

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 5A 
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In Appendix B, paragraph B17 is amended.

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 B17 When an entity's interest in a subsidiary, a joint venture or an associate (or a portion of its interest in a joint venture or an associate) is classified (or included in a disposal group that is classified) as held for sale in accordance with IFRS 5, the entity is not required to disclose summarised financial information for that subsidiary, joint venture or associate in accordance with paragraphs B10–B16.

In Appendix C, paragraph C1D is added.

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 C1D 
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Paragraphs 18 and 36A are amended and paragraph 45E is added.

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 18. 
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 36A 
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 45E Annual Improvements to IFRS Standards 2014–2016 Cycle, issued in December 2016, amended paragraphs 18 and 36A. An entity shall apply those amendments retrospectively in accordance with IAS 8 for annual periods beginning on or after 1 January 2018. Earlier application is permitted. If an entity applies those amendments for an earlier period, it shall disclose that fact.
