As a result, the application of the equity method provides more informative reporting of the net assets and net income of the investor.

Some current cost methods require an adjustment reflecting the effects of changing prices on all net monetary items, including long-term liabilities, leading to a loss from holding net monetary assets or to a gain from having net monetary liabilities when prices are rising, and vice versa.

(a)in the absence of provision in law, state in their instruments of incorporation the methods of calculation of the net asset values of their units;

The equity method is a method of accounting whereby the investment is initially recorded at cost and adjusted thereafter for the post acquisition change in the investor's share of net assets of the investee.

The date of acquisition is the date on which control of the net assets and operations of the acquiree is effectively transferred to the acquirer and the date when application of the purchase method commences.

PERFORMANCE, WHETHER DETERMINED BY THE DIRECT OR INDIRECT METHOD, SHALL BE EXPRESSED AS A PERCENTAGE ON THE BASIS OF THE NET OR GROSS CALORIFIC VALUE OF THE FUEL INJECTED INTO THE BURNER AT THE LOAD ASSESSED AS INDICATED IN 1.4.

Under other methods, which recognise income after the general purchasing power of shareholders' equity in the enterprise has been maintained, the difference between the two net assets figures is treated as a gain or loss accruing to the shareholders.

For the purpose of the control procedure it is necessary to specify the types of gauge to be used how they are to be used, how the meshes to be measured are to be chosen, the method by which each of them is to be measured, how the mesh size of the net is to be calculated, the procedure for the selection of twines of meshes for the assessment of thickness of twine, and to describe the sequence of the inspection procedure.