Accounting for Joint Ventures

XYZ Corporation and ABC Ltd. established a joint venture, JointTech, to develop new technology products. Each company owns 50% of the joint venture and shares both the risks and profits associated with the venture. As per the International Financial Reporting Standards (IFRS), how should XYZ Corporation classify its investment in JointTech in its financial statements?

Consider the implications of joint ventures under the equity method versus other accounting methods when forming your answer.