(2)On 12 August 2014, the International Accounting Standards Board published amendments to International Accounting Standard (IAS) 27 Separate Financial Statements entitled Equity Method in Separate Financial Statements . The objective of the Amendments is to permit entities to use the equity method, as described in IAS 28 Investments in Associates and Joint Ventures , to account for investments in subsidiaries, joint ventures and associates in their separate financial statements.