Restating for inflation

6 min · IAS 29
01 · Concept

When the functional currency is hyperinflationary (broadly cumulative inflation ≥100% over 3 years), restate financial statements using a general price index.

  • 01Non-monetary items restated for inflation.
  • 02Monetary items not restated (already current).
  • 03Gain/loss on net monetary position to P&L.