Artículo 60P. IAS 21 Paragraph 60P

In applying Translation to a Hyperinflationary Presentation Currency : (a) an entity, whose functional currency and presentation currency are the currency of a hyperinflationary economy (or are the currencies of different hyperinflationary economies) and that translates the results and financial position of foreign operations whose functional currency is that of a non-hyperinflationary economy, shall: (i) apply the amendments from the beginning of the annual reporting period in which it first applies the amendments; (ii) restate the comparative amounts of its foreign operations included in the entity’s previously issued financial statements by applying the general price index it applies to corresponding figures in accordance with paragraph 34 of IAS 29 ; and (iii) disclose comparative summarised financial information about its foreign operations and label such information to identify that the entity prepared the information by applying (ii). (b) except as specified in (a), an entity shall apply the amendments retrospectively in accordance with IAS 8 ; and (c) an entity is not required to disclose the information that would otherwise be required by paragraph 28(f) of IAS 8 . Similarly, an entity that applies IFRS 19 Subsidiaries without Public Accountability: Disclosures is not required to disclose the information that would otherwise be required by paragraph 178(f) of IFRS 19 . [ Refer: Basis for Conclusions paragraphs BC87⁠–⁠⁠BC89 ]