1 The objective of this IFRS is to require an entity to disclose information that enables users of its financial statements to evaluate: the nature of, and risks associated with, its interests in other entities; and the effects of those interests on its financial position, financial performance and cash flows.
Meeting the objective
2 To meet the objective …Read More
Significant judgements and assumptions
7 An entity shall disclose information about significant judgements and assumptions it has made (and changes to those judgements and assumptions) in determining: that it has control of another entity, ie an investee as described in paragraphs 5 and 6 of IFRS 10 Consolidated Financial Statements;
Interests in subsidiaries
Interests in unconsolidated subsidiaries (investment entities)
19A An investment entity that, in accordance with IFRS 10, is required to apply the exception to consolidation and instead account for its investment in a subsidiary at fair value through profit or loss shall disclose that fact.
19B For each unconsolidated subsidiary, an investment entity shall disclose:
Interests in joint arrangements and associates
20 An entity shall disclose information that enables users of its financial statements to evaluate:
Interests in unconsolidated structured entities
24 An entity shall disclose information that enables users of its financial statements: to understand the nature and extent of its interests in unconsolidated structured entities (paragraphs 26–28); and to evaluate the nature of, and changes in, the risks associated with its interests in unconsolidated structured entities (paragraphs 29–31).
25 The information required by paragraph …Read More
Appendix B Application guidance
This appendix is an integral part of the IFRS. It describes the application of paragraphs 1–31 and has the same authority as the other parts of the IFRS.
B1 The examples in this appendix portray hypothetical situations. Although some aspects of the examples may be present in actual fact patterns, all relevant facts and circumstances of …Read More
B7 An interest in another entity refers to contractual and non-contractual involvement that exposes the reporting entity to variability of returns from the performance of the other entity. Consideration of the purpose and design of the other entity may help the reporting entity when assessing whether it has an interest in that entity and, therefore, whether it is required to …Read More
Summarised financial information for subsidiaries, joint ventures and associates (paragraphs 12 and 21)
Commitments for joint ventures (paragraph 23(a))
B18 An entity shall disclose total commitments it has made but not recognised at the reporting date (including its share of commitments made jointly with other investors with joint control of a joint venture) relating to its interests in joint ventures. Commitments are those that may give rise to a future outflow of …Read More