Artículo 56. IAS 21 Paragraph 56

An entity sometimes presents its financial statements or other financial information in a currency that is not its functional currency without meeting the requirements of paragraph 55 . For example, an entity may convert into another currency only selected items from its financial statements. Or, an entity whose functional currency is not the currency of a hyperinflationary economy [ Refer: IAS 29 paragraph 3 ] may convert the financial statements into another currency by translating all items at the most recent closing rate . Such conversions are not in accordance with IFRSs and the disclosures set out in paragraph 57 are required. [ Refer: Basis for Conclusions paragraph BC14 ]