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IFRS 11
An International Financial Reporting Standard that deals with accounting for interests in joint arrangements, requiring parties to recognize their rights and obligations.
Non-Monetary Assets
Assets that are not in the form of cash or cannot be easily converted to cash, such as property, plant, and equipment.
Proportionately Adjusted Income Statement
An income statement where the figures reflect the proportional share of joint ventures or associates in a company's earnings.
Contractual Agreement
A legally binding agreement between two or more parties outlining the terms and conditions of a business transaction.
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